1. Personal Finance Garman/Forgue Ninth Edition
Chapter 2: Career Planning
PPT slide program prepared by Amy Forgue and Ray Forgue.

2. Learning Objectives
Identify the key steps in successful financial planning.
Clarify your work-style personality.
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3. Learning Objectives
Analyze the financial and legal aspects of employment.
Practice effective employment search strategies.
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4. Career Planning
Career: Lifework chosen by a person to use personal talent, education, and training.
Career Planning: Finding employment that will use your interests and abilities and that will support you financially.
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5. Key Steps in Career Planning
Create your Career Goal and Career Plan.
Clarify your interests
Interest Inventories: Scaled surveys that assess career interests and activities.
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6. Key Steps in Career Planning
Review your
Abilities (Professional abilities, Aptitudes)
Experiences
Education and professional training
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7. Key Steps in Career Planning
Identify your values.
Values: Principles, standards, or qualities, that you consider desirable.
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8. Key Steps in Career Planning
Consider costs, benefits, and lifestyle trade-offs.
Align yourself with tomorrow’s employment trends.
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9. Key Steps in Career Planning
Take advantage of networking.
Professional Networking: Making and using contacts with individuals, groups, and other firms to exchange career information.
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10. Key Steps in Career Planning
Target preferred employers.
Preferred Employer: Employers that would suit you best.
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11. Key Steps in Career Planning
Be willing to change career goals and plans.
Know your preferred work-style personality.
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12. Financial and Legal Aspects of Employment
Compare salary and living costs in different cities.
Compare using city indexes.
City Indexes: Comparing wages and cost of living for various employment locations.
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13. Financial and Legal Aspects of Employment
Place values on employee benefits.
Nonsalary (or Employee) Benefits
Place a market value on the benefit.
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14. Financial and Legal Aspects of Employment
Place a market value on the benefit.
Calculate the future value of the benefit.
Know your legal employment rights.
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15. Effective Employment Search Strategies
Assemble a resume.
Resume
Chronological Format
Skills Format
Functional Format
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16. Effective Employment Search Strategies
Identify job opportunities, such as:
Career Fairs
Classified Advertisements
Employment Agencies
The Internet
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17. Effective Employment Search Strategies
Write an effective cover letter.
Cover Letter: Letter of introduction sent to a prospective employer to get an interview.
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18. Effective Employment Search Strategies
Obtain strong reference letters.
Apply!
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19. Effective Employment Search Strategies
Interview for success.
Job Interview: Formal meeting between employer and potential employee to discuss job qualifications and suitability.
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20. Interview for Success Do some research before the interview.
Compile revealing personal stories.
Prepare questions to ask the interviewer.
Prepare responses for anticipated interview questions.
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21. Interview for Success Create positive responses to negative questions.
Be ready for telephone interviews.
After the interview, evaluate it and send a thank-you note
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22. Effective Employment Search Strategies
Negotiate.
Accept the job.
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23. Top 3 Financial Missteps in Career Planning
People slip up in building and maintaining good credit when they do the following:
Don’t learn as much as possible about a company before going for an interview.
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24. Top 3 Financial Missteps in Career Planning
Change jobs and cash out employer-sponsored retirement savings plans, instead of leaving it there, transferring it to the new employer’s 401 (k) plan, or moving it to a rollover IRA account.
Fail to use the COBRA law to continue participating in the old employer’s medical health plan benefits for up to 18 months.
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25. Good Money Habits in Career Planning
Take the time to plan and make the effort required to obtain employment in your career.
Identify your career planning values and live them in your selection of jobs and your performance at work.
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26. Good Money Habits in Career Planning
Do not miss an opportunity to continually enhance your education and professional training.
Understand your preferred work-style personality
Practice effective employment search strategies, especially interviewing skills.
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