You must put money in before you can take it out.
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Transcript of You must put money in before you can take it out.
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YOU MUST PUT MONEY IN BEFORE YOU CAN TAKE IT OUT.
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Income• Wages• Salaries• Tips• Commissions• Entrepreneurship• Business earnings
• Investment earnings• Government payments• Grants• Royalties• inheritances
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Wages, Salaries, Tips and Commissions
• Wages: hourly rate• Salary: set amount each month• Tip: voluntary payment that a customer makes to the
employee• Commission: percentage of the total dollar amount that
the employee sold
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Entrepreneurship, or Business Earnings
• Entrepreneur: someone who starts their own business, joins a family businees, or buy someone else’s business
• Sole proprietorship: if you are the only owner• Partnership: co-owner, have partners• Corporation: owned by a group of stockholders
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Government Payments• Financial aid for students• Social security• Medicare• Medicaid• Unemployment benefits• Aid to dependent children
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Where does this money come from?
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Your Identity
• Up to this point you have been a student. • As an adult, people ask
you what you do, and that is attached to your identity.
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Choosing a Career 1. Daydream2. Make a thorough self-assessment3. Gather career information4. Set a realistic career goal5. Make a decision 6. Outline a plan of action
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Finding and Applying for a Job • Obtaining Job Leads
• Networking• Professional and Trade Organizations• Job/Careers Fairs• Traditional Sources
• Newspaper ads• Employement agencies• Cold contact/direct mail
• Searching the internet• Head Hunters
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Applying for a Job• Job Application Forms • Resume• Be careful in Providing Personal Information• Cover Letters
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Interviewing • Make a good Impression
• Dress appropriately• Go alone• Smile and make eye contact• Answer questions thoughtfully• Handle illegal questions intelligently• Ask good questions• When it’s over, go!• Write a thank you letter
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Other items • Pre-employment testing
• Test abilities• Credit score