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Tuesday, January 25, 2011

Setting Career Goals

One of the toughest issues in making a good career choice and career goal setting is identifying what it is that you want. Even when it seems that you know what you want, you may still have doubts on if your career choice is the right one for you.


Reaching clarity in those issues may be the most important thing you can do in your career planning and goal setting. Here are a few career goal setting guidelines that can help.


Most people, even very successful ones, have some periods in their career path when they seem unsure about their career choice and goals. It is totally human to feel that way.






Often, such periods just come and go. For example, they come when you face some overwhelming obstacles on your way. It is all over as soon as you get through these obstacles.


That situation by itself is not a problem of choosing a career, only a test of your perseverance in seeing it through but what if those doubts persist, or if they always live somewhere in the background of your thoughts? If it just does not feel right?


If this is the case, then it is time to look more carefully at your career choice and overall career objectives.





Often we choose or are placed in a career because it just seems like the right step to make or that is what your studies have focused on.


The only problem is that sometimes that passion that we once had as a young adult are now gone, or the realism of the job has taken the interest and joy out of it.


That is when it is time to set a new career goal or objective. Choosing the right career goal to sink into requires a great deal of soul searching. You need to ask yourself these questions beforehand:









Career Goal Setting Plan

The following table provides you with a simple outline of the factors you may want to consider and identify when setting and analyzing your career goals in a step by step format.

Career Goal You must Define and write them down in order of priority.



Benefits and Advantages of achieving this goal. Listing these may help to motivate you. Key Steps That you Need to Take. When Will I do This? Give Yourself deadlines. Support and Resources (What support and from whom do I need, what resources, such as time, money, contacts). Outcomes and Reflection (Record whether you achieved the goal and what worked or did not work along the way for future reference) .




The above table sort of shows you the who, what, where, when, and how of career goal setting. It is just like finding the facts for a story. Journalists have to answer all of these questions in order to get the full story.

That is the same thing that you have to when setting career goals. Let me show you in exact detail in the next diagram.




Who What Where When How
Who will I ask for help?
What do I want the outcome to be?
Where should I start?
When should I begin?
How should I begin?
Who will benefit from my career goal?
What will I do to get started?
Where will my career goal put me in 10 years? When Do I want these goals to be reached?
How will these goals affect my future?
Who will I work with to accomplish my goal?
What will really make me happy?
Where will I apply my resources?
When will I apply my knowledge to begin attaining my goals?
How do I really feel about the goals that I have chosen?


Do you see what I’m talking about now? All of these questions have to be directed before you can begin to work on your career goals.





Money management


Money management is the process of managing money. It includes investment, budgeting, banking and taxes. It is also called investment management.
Money management is a strategic technique employed at making money yield the highest of interest-yielding value for any amount of it spent. Spending money to provide answers to all cravings (regardless of whether they are justifiable or not to be included in budget basket) is a natural human phenomenon. The idea of money management techniques is developed to plummet the amount individual, firm and institutions spends on items that add no significant value to its living standard, long-term portfolios and asset-basins. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly-esteemed "frugality" ideology. This is the basis of every sound money management formulas. The following are powerful techniques that can be employed in making every expense made to be worth it:




1. cutting your budget on social needs
2. avoid any snob-appealing expense
3. always go for the most cost-effective alternative (establishing small quality-variance bench-  mark, if any)
4. increase expenses more on interest bearing item than any other thing
5. establish the expected benefits of every desired expense using the canon of plus/minus/nil to standard of    
    living value system.




These techniques are investment-boosting and portfolio-multiplying.
Money management is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely whatpercentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function.
Money management gives practical advice among others for gambling and for stock trading as well.
Money management can mean gaining greater control over outgoings and incomings, both in personal and business perspective. Greater money management can be achieved by establishing budgets and analysing costs and income etc.


In stock and futures trading, money management plays an important role in every success of a trading system. This is closely related with trading expectancy:
“Expectancy” which is the average amount you can expect to win or lose per dollar at risk. Mathematically:
Expectancy = (Trading system Winning probability * Average Win) – (Trading system losing probability * Average Loss)
So for example even if a trading system has 60% losing probability and only 40% winning of all trades, using money management a trader can set his average win substantially higher compared to his average loss in order to produce a profitable trading system. If he set his average win at around $400 per trade (this can be done using proper exit strategy) and managing/limiting the losses to around $100 per trade; the expectancy is around:
Expectancy = (Trading system Winning probability * Average Win) – (Trading system losing probability * Average Loss) Expectancy = (0.4 x 400) - (0.6 x 100)=$160 - $60 = $100 net average profit per trade (of course commissions are not included in the computations).

Therefore the key to successful money management is maximizing every winning trades and minimizing losses (regardless whether you have winning or losing trading system, such as %Loss probability > %Win probability).

Tuesday, January 11, 2011

Healthy Lifestyle....

You hear a lot about living a healthy lifestyle, but what does that mean? In general, a healthy person doesn't smoke, is at a healthy weight, eats healthy and exercises. Sounds simple, doesn't it?
The trick to healthy living is making small changes...taking more steps, adding fruit to your cereal, having an extra glass of water...these are just a few ways you can start living healthy without drastic changes.





Exercise
One of the biggest problems in America today is lack of activity. We know it's good for us but avoid it like the plague either because we're used to being sedentary or afraid that exercise has to be vigorous to be worth our time. The truth is, movement is movement and the more you do, the healthier you'll be. Even moderate activities like chores, gardening and walking can make a difference.
Just adding a little movement to your life can:
  • Reduce the risk of heart disease, stroke and diabetes
  • Improve joint stability
  • Increase and improve range of movement
  • Help maintain flexibility as you age
  • Maintain bone mass
  • Prevent osteoporosis and fractures
  • Improve mood and reduce symptoms of anxiety and depression
  • Enhance self esteem
  • Improve memory in elderly people
  • Reduce stress
So, even if you opt for small changes and a more modest weight loss, you can see the benefits are still pretty good. One study has found that just a 10% weight reduction helped obese patients reduce blood pressure, cholesterol and increase longevity.





Simple Ways to Move Your Body
You can start the process of weight loss now by adding a little more activity to your life. If you're not ready for a structured program, start small. Every little bit counts and it all adds up to burning more calories.
  • Turn off the TV. Once a week, turn off the TV and do something a little more physical with your family. Play games, take a walk...almost anything will be more active than sitting on the couch.
  • Walk more. Look for small ways to walk more. When you get the mail, take a walk around the block, take the dog for an extra outing each day or walk on your treadmill for 5 minutes before getting ready for work.
  • Do some chores. Shoveling snow, working in the garden, raking leaves, sweeping the floor...these kinds of activities may not be 'vigorous' exercise, but they can keep you moving while getting your house in order.
  • Pace while you talk. When you're on the phone, pace around or even do some cleaning while gabbing. This is a great way to stay moving while doing something you enjoy.
  • Be aware. Make a list of all the physical activities you do on a typical day. If you find that the bulk of your time is spent sitting, make another list of all the ways you could move more--getting up each hour to stretch or walk, walk the stairs at work, etc.


Eating Well
Eating a healthy diet is another part of the healthy lifestyle. Not only can a clean diet help with weight management, it can also improve your health and quality of life as you get older. You can use the new Food Guide Pyramid to determine how many calories you need and what food groups you should focus on or, if you're looking for smaller changes, you can use these tips for simple ways to change how you eat:
  • Eat more fruit. Add it to your cereal, your salads or even your dinners.
  • Sneak in more veggies. Add them wherever you can--a tomato on your sandwich, peppers on your pizza, or extra veggies in your pasta sauce. Keep pre-cut or canned/frozen veggies ready for quick snacks.
  • Switch your salad dressing. If you eat full-fat dressing, switch to something lighter and you'll automatically eat less calories.
  • Eat low-fat or fat-free dairy. Switching to skim milk or fat free yogurt is another simple way to eat less calories without having to change too much in your diet.
  • Make some substitutes. Look through your cabinets or fridge and pick 3 foods you eat every day. Write down the nutritional content and, the next time you're at the store, find lower-calorie substitutes for just those 3 items.




Creating a healthy lifestyle doesn't have to mean drastic changes. In fact, drastic changes almost always lead to failure. Making small changes in how you live each day can lead to big rewards, so figure out what you can to be healthy today.

Job Interviews

The job interview gives the potential employee and potential employer a chance to learn more about each other. You'll find articles, sample questions, interactive practice tools, the facts on illegal questions, and fashion tips to help you succeed.

dressing for work




Job interviewing
    A job interview gives you a chance to prove yourself. Find out about various types of interviews. Learn how to prepare for an interview, how to succeed on an interview, and how to follow up after one. Get advice about dealing with illegal questions.





    Behavioral interviews


    Behavioral interviews give you the opportunity to demonstrate competencies required for a particular job. Learn more about this type of interview, why employers use it, what questions you can expect to be asked, how to respond, and how to prepare.



    Great answers to tough interview questions

    Though these sample answers shouldn't be used verbatim, they can help you formulate your own answers to interview questions.





    Interview cheat sheet


    Use this form to help you remember key facts, such as personal achievements and what you wore to the interview.









    The most important interview non-verbals


    Non-verbal cues often speak louder than words. This article discusses the top five nonverbals, in order of their importance in interviewing.


    The simple key to interview success

    This article suggests "The Personality Matching Technique" as a way to establish rapport on an interview. Learn how this technique works.
    You are getting interviews, but not offers. Find out what you can do to help you get the job offer.







    TIPS FOR CHOOSING A SUITABLE CAREER

    ermmm....im sure all students must think about their future job or what they become to be for about 2,3 years coming. Maybe a doctor, a teacher, an engineer or an actor?????













    Thats why this week i post something valuable for my friends to share the tips in choosing the suitable career for them...

    So how do students go about picking the right career? Here are some beliefs people have when it comes to choosing a career.


    Is choosing career a Simple Job?

    In fact, choosing a career is a complicated process and students should give enough time it deserves. Career planning is a multi-step process that involves learning enough about yourself and the occupations, which you are considering in order to make an informed decision.

    Can a career counsellor tell me what occupation to pick?
    A career councellor, or any other career development professional, can't tell you what career is best for students. He or she can provide students with guidance in choosing a career and can help facilitate students' decision.

    Why I can't make a living from my hobby?
    When choosing a career, it makes perfect sense to choose one that is related to what you enjoy doing in your spare time, if you so desire. In addition people tend to become very skilled in their hobbies, even though most of their skills have been gained informally.

    Will making a lot of money make me happy?
    While salary is important, it isn't the only factor students should look at when choosing a career. Countless surveys have shown that money doesn't necessarily lead to job satisfaction. For many people, enjoying what they do at work is much more important. However, students should consider earnings, among other things, when evaluating an occupation.

    Once I choose a career, will I be stuck in it forever?

    No you'll not be. If you are unsatisfied in your career for any reason, you can always change it. You'll be in good company. Many people change careers several times over the course of their lifetime.

    Will my skills go to waste, if I change my careers?

    Your skills are yours to keep. You can take them from one job to another. You may not use them in the exact same way, but they won't be useless.

    If my best friend or relatives is happy in a particular field, will I be to?

    Everyone is different. Six billion people in this world has six billion thoughts. What works for one person won't necessarily work for another, even if that other person is someone with whom you have a lot in common. If someone you know has a career that interests you, look into it, but be aware of the fact that it may not necessarily be a good fit for you.

    Is all I have to do is pick an occupation?

    Things will fall into place after that choosing a career is a great start, but there's a lot more to do after that. A career action plan is a road map that takes you from choosing a career to becoming employed in that occupation to reaching your long-term career goals.

    How can I know more about my preferred occupation?

    There are several ways to know about your chosen occupation. You may search several print and online resources about that particular job and learn more about it. You can even ask those who have been working in that particular field from long time.

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