Personal Finance Mrs. Dayley Career: Labor You Love Personal Finance Mrs. Dayley

“You can consciously begin now to choose the career you want.”

Questions to Answer How does the career you choose affect your income? What employee characteristics are important to an employer? How do education and training affect your salary? What is an entrepreneur? What are employee benefits?

Career vs Job On a separate sheet of paper, list the characteristics of a career and the characteristics of a job.

Page 17 NEFE Student Guide Personal Skills Basic Skills See Figure 2.1 Thinking Skills Resource Management Page 17 NEFE Student Guide Interpersonal Information Management Technology Systems

Employers want employees who: Are dependable Work well with others Are good problem solvers Deliver high quality work Have high productivity Conduct increasingly complex and unique activities Have great attitudes

Page 18 NEFE Student Guide Assignment 2.1 Go back to Figure 2.1 page 17 and rate your skills from 1 to 5 (5 being the highest). Page 18 NEFE Student Guide

“You can always make more money, but you can’t make more time “You can always make more money, but you can’t make more time.” Read section under Making Money – page 18 Student Guide

M&M Energizer Each M&M color represents a category: Green Personal goals Brown Careers you are interested in Yellow Hobbies and Interests Orange Money management experience Red Fact about money Blue A job you have held

Education The level of formal knowledge and training you have attained. General rule – the more education you have, the higher your income.

Average College Costs College Type Cost/Year Private $24,946 State (non-resident) $16,848 State (resident) $11,338 *Costs include tuition, dorm, cafeteria meal plan, fees, books, and spending money.

Annual Household Earnings Education & Earnings Annual Household Earnings

Entrepreneurship Entrepreneur A person who creates a business from scratch. Self employed Strong sense of discipline Be your own boss Beat the competition

Becoming An Entrepreneur See an opportunity Take the initiative Develop plans Assignment 2.2 Page 22 Student Guide

What Employees Want Employee benefits – Paid vacation Paid sick leave The additional benefits offered by employers Paid vacation Paid sick leave Health plan Retirement plan Tuition reimbursement

Cost of Living Cost of Living – Includes items like rent or home costs, transportation, insurance, utilities like natural gas and electricity and food.

Action Steps “It’s Your Life” Page 26 Student Guide