Category Archives for Personal Finance

A Guide to Preparing Yourself for a Corporate Level Interview

What Do You Know About the Company?

It’s often the first question that you will be asked during a corporate level interview. So, what do you know about the company? And it’s a reasonable question. However, it’s also a loaded one.

A real interviewer isn’t asking whether or not you know what products they sell or what their share price is. Those are the answers they expect when interviewing for cubicle based roles.

No, when it comes to corporate hires, they are looking for much more.

The answer that needs to roll off your tongue can be broken down into two parts.

What Is the Company's Position in the Market?

Responses about their subscriber numbers, share price, or even recent management changes (that you happened to glean from a passing article on your phone) just aren’t going to cut it. Simply because the interviewer is looking for a driver, not an observer.

  • Research information about how each of the company’s product lines compares to that of its rivals. This research should utilize actual comparable data.
  • Discover where their presence in the market is dominant and what products are keeping them there.
  • For companies that operate online, such as the Groupon Coupons page for Allen Edmonds, what are their infrastructure costs and how can these affect their pricing models?
  • Find out about their internal structure, including any outsourcing models they utilize.

A response which relies on this type and level of information shows an interviewer that you know how to look past superficial positions to see what drives their growth. This suggests to the interviewer that you further know how to continue this drive.

What Are Their Current and Upcoming Challenges?

If your answer mentions beating their competitors by offering better products, you’re not putting yourself in a good position. Consider the following:

  • Which points of presence are their competitors dominant?
  • What demographics dictate that market dominance?
  • Which product is the company in question offering to reach this demographic and why is it failing?
  • What regulatory barriers does the company face?
  • Where has the company recently seen significant growth, and why?

The above points are great starting off places to garner a solid understanding of where the company sits. It also tells the interviewer that you understand how product lines work, how they are targeted, and how to tweak individual parts.

Next, You Need to Know What They Will Be up Against in the Future

As an example, for companies that provide internet access, how are net neutrality regulatory changes likely to affect their business and advertising models is a great question to ask yourself and then answer in preparation. Of course, this question will need to be adapted to the specific company you are hoping to work for, but the idea remains the same. Consider the challenges you see the company facing, research them, and bring them into your answer.

Interviews at a corporate level are hard. And with good reason; you will have a large hand in running actual parts of the company, not just providing customer service over the phone. The tips and ideas mentioned above are great places to start if you are lucky enough to have landed yourself an interview and can really put you in a great position to get the job.

Common Money Myths That Block Black People From Wealth

I have got to start this one off carefully. This one is embedded within the psyche of the American way of life. I have even been guilty on some stages of perpetuating this delusion in my lifestyles with varying outcome. I have come to realize that within the pursuit of real wealth, it may possibly stunt your monetary progress and hold you trapped financially. "Fake it until you make It." These six words can derail you from wealth and go away you Faking It endlessly.

If you are pursuing an appearing profession and lack some credentials whilst on an audition, "Fake it until you're making it," may very good work to your desire. Hanging yourself in positions the place you've gotten the skill however lack the expertise, "False it till you are making it," can also be your pal. When coping with wealth and wealth building in particular, this philosophy becomes a fantasy, and an outright fools procedure.

Wealth constructing is a system that requires discipline, planning and steadfastness. There is no room to be distracted through vivid objects. What number of brothers and sisters have I identified driving "foreign cars" costing $60-$70k, but dwelling with their family and children in substandard housing in assessment to the luxurious vehicles they have.

In case your car observe is close to equal to or more than your hire or personal loan, you will have set yourself up for "Faking it till you are making it," for the very foreseeable future. In the learn of over 500 millionaires over a 20 yr interval, over eighty percentage of them buy their automobiles, no notes. Fifty percentage by no means paid greater than $30k for a auto of their complete lives! Convenient entry to credit score, false perceptions of wealth blended with societal pressures can result in financial disaster.

There are subculture choices that must be cleared up from the start. Merchandise alternate humans. Most of the time when one acquires one repute product, you are going to doubtless have to buy an extra and another to maintain your popularity. Before you realize it, your entire lifestyle is based on and transformed by these fame products.

Your neighbors and individuals at work could start to suppose that you're living colossal, when truly you might be residing from paycheck to paycheck. Deciding to buy a subculture that you're going to on the whole not ever be able to afford now, except you re prioritize what's really predominant to you.

1 Tip For Black Wealth

We recognize that the state of Black wealth and financial system in 2016 is in a state of emergency. We have the stats: Black persons are paid substantially lower than their white counterparts in the office. Black humans have had the highest unemployment rates for forty years straight! Regardless of having a 1.1 Trillion Buck so-referred to as spending power, blacks are in an abysmal monetary state.

With that being said, there is consistently some sunshine.

Black ladies are main the cost in entrepreneurship across all demographics within the U.S. We need more employees for these firms. We have to direct extra of that 1.1 Trillion Towards these business so they may be able to grow. These organizations must do industry with each different to support and furnish extra jobs.

Black men and women have the burden and the vigor within the U.S, in the Caribbean and abroad to get our economies together. Nobody else will have to or will do it for us.

This should be clear in 2016.

My first tip for black wealth constructing is two-fold:

  • Inspire and aid to teach entrepreneurship to the subsequent iteration. Your youngsters, nieces, nephews, grandchildren, cousins, household friends, neighbors.
  • If you're a guardian, ensure to accumulate life insurance.

Everybody will not be certified to be an entrepreneur, however the effort should be motivated anyway. There are various industries that advantage from that 1.1 Trillion where blacks must thrive in business.

There are packages and workshops that educate and aid black entrepreneurship that are lower than school training and could be talented to entrepreneurial minded children. Loved ones members should strengthen and work on businesses and plans together. The advantage could alternate the direction of your household and unfold to the greater black household staff.

Acquiring lifestyles coverage is not only for burial functions. Lifestyles insurance can be utilized as seed money for a start-up. It can be a nest egg for a baby to come to a decision which path he/she could go in.

They will wish to invest in some inventory or use as a down fee on some property

Each generation must no longer have got to start from scratch.

That is a direct element of the lack of any type of wealth within the black community. You must of course do your own due diligence concerning coverage companies and premiums, but the understanding is out there. There's a action that is useful to mention Http://www.Newyorklife.Com/empowermentplan.

Make your own decisions, however the financial burden is on us to create a greater future and to make higher financial choices. At home.

The Journey Towards Financial Freedom

He sighed deeply as he slowly and reluctantly dragged himself down the steps of the bank, sweat dribbling down his cheeks. His coronary heart beating about a hundred and eighty occasions/minute, virtually triple of ordinary, and breathing so rapid that handiest God can rely. A protracted vein divided his brow into 2 close to equal halves, as did Moses's rod the red Sea. He had misplaced all energy, power and even joy. Indeed, the fine phrase, judging by way of his facial expression, to describe his primary was once; unhappy.

As he entered into his automobile to a very lengthy and lonely trip house, the engine would now not simply , it had lost its ignitability or might be the gods have been simply indignant with him (lol), considering he drove to the bank about an hour earlier than that point, handiest to verify the reason in the back of this suicide-stimulating concern wherein he had found himself.

Mr Bright is a 59 12 months historic level thirteen civil servant with four kids. He had taken a bank loan ('SHINE YOUR EYES' as it's known as) months in the past to fund the University fee of his son in a personal institution. He smiled dwelling month-to-month with a paycheck of about 30,000 greenbacks but this time, his empty pocket mocked him all of the manner house.

A constant sum of 5,000 dollars was being deducted monthly for servicing of loans. Meanwhile they barely had what to eat at house, for the reason that the Government had now not paid salaries for approximately 6 months.

The bank struck, yes, they did scoop the existence out of his account, like you scrape the final grain from a burnt pot of rice. Oh yes, they cleared his account of anything that seemed, felt, and even pretended to be cash.

April, however when he did, it used to be accompanied by way of a debit notification of almost equal amount, and he developed an awfully extreme headache later that night time and couldn't sleep for three days; his hypertension had been aggravated via this man-made disaster. The financial institution that was a pal in need became his finest enemy or FRENEMY, as my buddy called it.

How did it get to this point?

Just the identical approach it did for us, our moms and dads, buddies, spouses and household.

Have you ever puzzled why a civil servant can rarely live to tell the tale without loans? 

The carry in paychecks that occur following industrial actions/strikes, have never been enough to bestow fiscal independence.

The time salaries/wages are paid thoroughly, in phrases of timing and quantity, will have to function an possibility to save lots of at least for the wet day, if to not invest, and an broaden in paycheck will have to simply mirror 1st on our financial savings before different things comply with.

You borrow money to purchase an iPhone, then start to hide when your lender is around the nook, not understanding that your supply of alleviation/peace and indeed, true worth is in being debt-free which is possible by 1st of all residing inside your method.


Basics of Medical Bankruptcy

Have you heard of the clinical bankruptcy?

Well, you would suppose that this is all about being bankrupt due to scientific issues by myself, and submitting a 'medical bankruptcy' when you consider that of it. I can't blame you for thinking that approach seeing that I also had the identical first notion. It is a help for every person, however you should have a basic talent about it. To help you to be instructed about this matter, here is some of the basic understanding involving it.

The Scientific Chapter

Scientific chapter is a basic term used to consult the purpose why men and women must file a bankruptcy.

Genuinely, this is not an authorized time period. In keeping with its principles, if you are to file a medical bankruptcy, you need to both filed Chapter 7  or Chapter 13. In this submitting, you have to incorporate all of your money owed together with all of your scientific debts and different unsecured loans. After some examination if it is confirmed that you are bankrupt, they will free you from all of your debts and might be declared out of business. Whilst you file for a particular bankruptcy, you might be required to record down all your creditors, together with your clinical costs. Even if it is a better remedy than 'medical chapter' is just not all about your scientific money owed.

Established on the records, offered by means of an article in CNN, scientific money owed is likely one of the basic explanations why humans file chapter. In truth, about 60% of the filed chapter is due to medical problems. And almost all of this 60% are  single moms and aged people.

Having wellness care insurance will not be insurance at all. In accordance with a couple scientific bankruptcy records, close to 80% of the chapter filers have insurance. This can be for the reason that, even people have health insurance, they still endure most of the repayments for the bills which forces them to file for bankruptcy.

Probably most of people think that whilst you file a bankruptcy, medical professionals can refuse to therapy you. Good, in step with the federal regulation, these hospitals receiving a subsidy from the government shouldn't have the proper to refuse from accepting a sufferer who had filed a bankruptcy. Extra customarily than no longer, the health care professional and the patient are making an agreement on the amount that the patient can have enough money to pay the physician even he had suffered from bankruptcy.

Clinical chapter is available for all who wishes and who seeks for economic support. However, I am advising you that submitting it needs to be your final motel. This is not just a simple manner so that you can get away out of your creditors and money owed. It ought to be filed should you fairly shouldn't have an option and also you are not able to relatively reply for your responsibilities.

It's indisputable that just a few really had the talents about this fact. In actual fact, this can be a correct of all participants; accordingly you must have the knowledge about it. In all circumstances of lifestyles predicament, being good instructed is likely one of the basic keys in giving solutions to the main issue you idea will under no circumstances be solved eternally. The facts that I have provided are just the fundamentals, should you wanted to have a full grab about medical bankruptcy, research and be advised!