Fresh out of university? Starting off with a job with a minimal salary? You are on your own for the very first time. Reality has dawned on you as you reminisce on the days your parents or guardians showered you with pocket money. Spending every last coin on high end restaurants, clubs, designer clothes, you name it was the order of the day.
Now, you have to grow up. It is time you suit up and understand that in order to enjoy a good and comfortable life ahead, you ought to save and invest your money. Transitioning from such a stage is not the easiest, but it is indeed rewarding.
You should live modestly, save your income and plan on your spending. It doesn’t make any sense living a lavish life that you cannot afford yet. The majority of people who do so have the rush to please people as well as compete with others.
You could end up so deep in debt levels and unfortunately you end up stuck. It is a bad sign when your spending exceeds your income. Saving money for anyone is a very touchy topic today because some people do not know how to control it.
The following tips are wise ways on how you should live for now:
1. Live with roommates
You can even pick some of your friends. One gets to share costs on fixed budgets such as electricity and water.
2. Switch from the shopping mall to the market
For food as well as clothes. Fruits, vegetables and meat are fresher and cheaper in the market. Mitumba are a variety of second hand clothes which are unique, and some even have legit designer labels on them.
3. Stop eating at restaurants
Make food at home that you can enjoy; invite some friends over. Again, why not make your own coffee and skip the trip to the coffee house? The once-in-a-blue-moon-treat-yourself date is okay as a reward for saving.
4. Credit cards is a no-no
Banks are very alluring when they are selling their products to their customers. A credit card will have you feeling rich all day; swiping it everywhere you go. Where it gets dangerous for you is that every time you swipe it, it places you deeper into debt.
5. Pack lunch to work every day
It saves you some good shillings because buying ready food can be quite expensive.
6. Do It Yourself
If you can do it yourself, why pay for it? These include activities such as nail polishing and eyebrow tweezing.
7 tips for getting the most out of a job fair
Your elevator speech is people’s first impression of what you have to offer. Begin with a firm handshake and good eye contact.
Does the very idea of a job fair make your palms sweat? Or do you get truly excited at the thought of getting to meet so many potential employers?
Whatever your personality, follow these simple tips to help you make the most of any job fair experience:
1. Set your expectations correctly
At a job fair, you can expect to introduce yourself to potential employers and answer employer questions, as well as get information and leads that are not available on the employer’s website. But don’t expect to have on-the-spot, full interviews or walk away with a job offer.
2. Research participating employers
Research is a critical part of the job search process. Find out ahead of time which employers hire people with your skills. Even if the company is not on your list of target employers, treat them as if they were.
3. Make a list of questions for employers
Ask about how they recruit and hire people with your skill set. Your target employers will likely have similar hiring practices.
4. Practice your elevator speech
Your elevator speech is people’s first impression of what you have to offer. Begin with a firm handshake and good eye contact. Use a clear voice and provide the employer with concise and relevant information. It’s a good idea to practice with someone else.
5. Prepare your supplies
Bring several copies of your resume, pen and paper for notes, and breath mints.
6. Follow-up with yourself right away
After meeting someone, make a few notes. What did you discuss with them? Did you commit to any follow-up? It’s a lot easier to remember right after the meeting!
7. Send a thank-you email or letter
Remind your contacts of who you are and any specifics you discussed. Thank your contacts for their time and ask about next steps. Make sure to organize your job fair notes and contact information.
Retire young and rich
Retiring early will have you do things you had plans for such as travelling the world, spending time with the family or venturing into some new hobbies
Who wants to work forever? The idea itself brings about a cringing feeling. Are you fed up waking up every morning to prepare for work starting at 8 am to 5 pm, heading back home worn out only for the cycle to continue? Do not get me wrong, work puts food on the table and feeds the entire family.
Question is: Is that what you have planned for yourself for your entire life existence?
Retiring early will have you do things you had plans for such as travelling the world, spending time with family or venturing into some new hobbies; the list is endless. But to retire early, you need to be smart about it. You ought to plan your way out. There will still be bills to pay. First of all, decide why you would like to retire early.
According to Robert Kiyosaki, author of publications such as Rich Dad Poor Dad and Retire Young Retire Rich, discovering why you want to retire early will lead you to the ‘how’ bit of the puzzle. The ‘how’ will enable you to have a time frame for coming up with an exit plan. An exit plan for retirement is what will still be bringing you income; start up a business, buy and sell shares, do both, etcetera.
ALSO SEE: Hard work pays: Here is how
As you are working out your exit plan; save up a good lump sum of money and ensure you have an insurance cover. You should make sure you are of good health as well as being covered. Medical expenses are usually quite high. Once you have figured out where you want to venture to during retirement, execute it before that time comes. It will have you enjoy stability in earlier times before your retirement. A clever person will know not only to rely on pension as a retirement package.
The ultimate goal of dreams isn’t the success, but to get free of the ghost of conformism. Jump out of your comfort zone, be focused on your specific objective and enjoy the perk of early retirement.
Hard work pays: Here is how
How you handle the grind is often what separates the winners from the quitters
From childhood, we are always told that hard work is the key to success. Well, we work hard and never see the good results we hope for; we end up asking ourselves what went wrong, or is it that the lock to success changed, hence we can’t use hard work anymore?
After some time, we start hearing a new phrase: you need to work smart not work hard. I beg to defer and maintain that we need to work hard. By working hard, these are the elements that must be incorporated:
1. The Drive
This is the foundation whereby hard work is built. It is the motivation, the inspiration, the entire reason you work hard. This is the engine that pushes your efforts forward.
2. The Plan
This is the same as laying out a budget for your finances and plans. The plan maps out your course of action and helps plot your progress and keep you on track.
3. The Grind
The Grind is the point when working hard stops being fun and exciting and starts becoming tedious, stressful and perhaps even discouraging. How you handle the grind is often what separates the winners from the quitters. This is where most people let it go and totally lose focus. You need to keep to it.
4. The Sacrifice
It is the point which makes hard work be truly hard. In order to attain any ambitious goal, you will require significant personal sacrifice. You must be ready to face the enduring strain in your relationships, finances and your comfort level is put to real test.
5. The Payoff
This is the epitome of hard work. It is like the crest where you get to the top. In order for hard work to be worthwhile, you have to define a number of goals and milestones and recognize when you’ve achieved them. And once you do, you have to up the stake and keep going.
Tips on getting a job straight from college
After graduation, you need to be smart to find a a job in this highly competitive labour market.
Graduation day is a celebrated occasion where we find hopeful candidates full of hopes and dreams about their desired jobs. Fast forward to several months which might even mature to some years, walking in and out of interviews still jobless.
Many graduates have complained that there are no positions for inexperienced graduates in the job market. Some graduates have even lost hope and ventured into odd jobs such as market sweepers, construction workers and hawkers, while others stay at home contemplating what to do with their degrees, even for those who have post-graduate qualifications. The urban myth is than one must have connections in order to get a job.
Here are some tips on what you can do during your period of wait to keep yourself busy and avoid feeling wasted:
1. Register for certificate classes
This includes computer, secretarial or even foreign language courses. It is worthwhile to learn new skills and abilities, which in the long run will upgrade your curriculum vitae.
2. Send your CV everywhere
Don’t be stuck with the mentality of working in a specific organisation. This will block you from getting opportunities anywhere else. Apply for a job anywhere and everywhere.
3. Do not be job specific
Even though you might have a given job preference, you should look out for opportunities in other fields. There are those who studied business and practice journalism. A good example is Eric Omondi, who studied journalism in university but ventured into comedy.
4. Take up internships
Most internships just provide you with fare or no money at all. The greatest gift they offer is experience. It could happen that you get picke for a permanent job if you put your skills to test.
5. Start a side hustle
Any a time, graduates complain of being broke due to lack of jobs in the market. Why not start a small business to give you some ‘bread’? This could end up being the start of something big.
As in internship, one gains experience through this.
8. Attend relevant events
This will enable you network with people from across the country, better yet the world.
9. Find a hobby
In some occasions, it could help you make some money. For example, if your hobby is drawing, do a lot of it and sell your artwork.
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