Total Personal Budget? Like Totally….

Wealth Building Tip #2 – Plan for Wealth, the Personal Budget

Unless you’re born with it or get very lucky along the way, you need to PLAN for wealth. The following Personal Budget PLAN recommendations acknowledge that you have special needs as a young professional. Chances are you have more debt from pursuing education than average, or you are looking to take on some debt for education. It also acknowledges that you have all sorts of large financial events in front of you: houses, babies, gigolos….

FIRST, some terms to keep us together.

User Survey is Posted!

Want to help us shape the direction of Miss Mentor? We need your thoughts!

TAKE THE USER SURVEY

Of course we value your opinion and all that stuff, but really the reason you want to take the survey is that we’ll give you a copy of the personal financial planning toolkit – gratis! Free! On the house! Just as soon as the toolkit is finished (mid-December or earlier). It will be in time for you to tackle planning for 2008.

The personal financial planning toolkit involves career development, budgeting, investing and other valuable tools. Get you some!

Financial Fluency Series Starts

Guys and Dolls, based on the personal e-mails I receive from you, it is time to unleash the Financial Fluency series (insert maniacal laughter here: BWAHAHAWA!). We’ll start by easing you into a plan of action and then . . .

Do it!

Do it!

Do it!

No room for pussyfooting around. It IS all about you here. Learning how to conduct yourself at the office is all part of your grander scheme, yes? Getting your finances in order is part of the scheme too no doubt. The master page: Building Wealth.

Building Wealth – Your Solution to A-hole bosses

Is anyone around you talking about her fabulous 401k? Oh and she’s paid off all her credit card debt? What’s that you say, she’s buying a new house now . . .Feeling left behind? Hey, no sweat. We’ll get you up to speed in no time. If you kind of, sort of know what she’s talking about, great! Give the Financial Terms Dictionary
a quick review. If you know what she is talking and are ready to dig in, start with
Wealth Building Tip #1. You can review the Financial terms at anytime.

Wealth Building Tip #1 will give you a gentle framework for creating a budget. The basics are all there. You will want to spend some quiet time thinking about your income and expenses. Tempted to skip this step? NO! Let me talk you off the ledge. This is the MOST important step to planning for wealth. It’s not as onerous as you may think.

Have you completed WBT #1 . . . reaaaallly? ‘Fess up. You MUST do #1 for the rest of the plan to fall into place easy-peasy.

Play Instant Chess!

Play Instant Chess, because all the cool kids do it. Okay, I know that as a big advocate for doing work at work and play NOT at work, this may seem . . . inappropriate. But hang with me.

My cousin, at the tender age of 8, was some grand whizzy, super-fly something or other in the Chess World. Besting the best in Massachusettes and elsewhere he had good “game” as some might say. I however was not included in the family chess-learning activities and have been sore about it ever since.

Well, Chess is an excellent strategy game AND it really does show how another person processes information. What I am finding as I study former employees, future employees and my compatriots is that a quick game of chess can give a good barometer of my competitor’s capabilities off the chess board. It has been remarkably accurate with predicting say a certain someone’s tendancy to give up or another’s procrastination and yet another’s devious genius.

Best of all, if the player has some experience you will immediately learn if they prefer to be defensive or offensive. Who do you want in accounting? Probably a defensive. Who do you want in sales? Probably an offensive.

The best part is, you really do not need to be a great player to see this unfold. I recommend adding a quick chess game to hiring practices. People reveal more about themselves to the keen observer than they may realize.

So play Instant Chess on Miss Mentor and get your game on folks!

Workplace Relationship Experience

Calling all cube dwellers! Make a comment win a resume makeover!

Share your opinion on the current topic of the week: non-romantic workplace relationships.

Do you get along with your boss socially? Your peers? Is it moving you forward at work? Backward?

Does it matter if the boss is male and the employee is female? What if the boss is female and the employee male?

One randomly selected comment will win a 45 minute coverletter makeover including cover letter software for no charge from Miss Mentor personally.