Has it ever occurred to you that you shouldn’t always try to make extra money?
On Monday, a faithful (young) Wealth Pilgrim reader was lamenting the fact that he was stuck in a job he hated. To make matters worse, he wasn’t even well paid – he reported an inablity to save for his future. This bothered him a great deal.
Many readers had fantastic ideas on how to help our young Jedi…..and I came up with a few ideas of my own. Here’s a 2 minute 20 second video sharing my thoughts.
Am I full of it? Do you agree with my suggestion? And on another note, how do you like the new look? I’m trying to jazz it up a lilttle. Am I “fresh” or just square. You be the judge.
On to other exciting news.
I’ve joined the Financial Samurai Alexa Ranking Challenge. This is a collaborative effort of 50 like-minded bloggers. We’re trying to help each other rise up the Alexa Ranking system. What I love about this group is that the folks involved are all trying to help each other. Kind of reminds you of what goes on in Washington D.C. eh?
In any event, I’m going to include a list of posts written by some of the members of the challenge. Rather than detail each article, I thought I’d give you a few key words and invite you to check out those that interest you most.
Like this article? You will love getting my free brilliant financial updates! No spam, and I won't give your email address to any other person or company.That's a personal promise. Neal Frankle, Certified Financial Planner, Los Angeles, California
Here’s the situation. Tim, a blogging buddy of mine is getting grief at home because he rarely helps out with the household duties. Take out the trash? Do the dishes? Nah……
I asked him why he doesn’t chip in.
He explained that he’s got a full-time job working as a technical engineer plus he’s trying to grow his blog into a serious enterprise.
When he gets home from his day job, he works on his blog. Of course before diving in, he plays with the kids. But as soon as they head off to bed, he heads off to blog.
30 minutes of chores means 30 minutes of reduced production. In his opinion, it’s a better business move for him to stay focused on work. He feels that he can simply add more value for the family by writing than by rinsing.
The weekends are bit different. He makes a conscious effort to spend as much time as possible together with the family. But whenever the kids are occupied with other activities, he’s back at the grindstone churning out more posts.
My buddy’s wife also works. Janice puts in her 40 hours a week as a dental assistant. Then she spends the remainder of her waking moments taking care of the family.
Janice understands that Tim is trying to build the blog into something that will help them get out of debt. But she can’t understand why he can’t take 30 minutes a day and help out.
Tim understands his wife’s frustration but feels he has to put everything he has into the blog if it’s going to amount to anything.
Is Tim taking advantage of Janice? I don’t think it would be right to call him lazy – he’s working 90 hours a week.
But is he off base? Should Janice support Tim by doing all the chores? How would you handle this?
If you work 90 hours a week, do you get a hall pass from chores?
About 5 years ago, my wife decided to re-enter the work force.
Besides the obvious reasons, I think she probably had enough of my tight wad ways.
She wanted to have more control over her finances without dealing with my “energy”. If you’re a regular reader, you know I had to do a lot of work to loosen up the purse strings and I guess she just wanted to speed the process.
She ended up finding a job she loves working with kids with autism. She makes a huge difference in the lives of a lot of great kids and families. She also makes a real difference in our financial life so it’s a win-win all the way around.
Anyway, when she first started thinking about re-entering the workforce, she felt a bit intimidated. She finally worked up the courage to send out a few resumes but promptly got kicked in the teeth. Lovely
She sent out a ton of resumes but came up empty-handed every time. She was becoming increasingly disappointed and was just about to give up when she landed her job.
How?
At the end of the day, she found her dream job by networking.
I’m going to describe a process you can use to network your way into your next job even if you have an ugly resume.
This is a process that anyone can use. You will have to do a little work. Also, it might take a few months to find work you love doing. But I believe if you follow these steps you’ll be miles ahead of all the other job seekers – even if they have more experience and a prettier resume than you do. (I’m going to assume that you have the minimum training or education required for the job but you don’t have the experience or connections)
If you aren’t looking for work, should you care about this?
Yes. Here’s why.
Life changes. Relationships change. You never know when you might need to work and it’s really nice to have this foundation in place. You’ll feel empowered by taking this action now.
Let’s get to work:
1. Stop wasting your time sending out resumes or replying to ads.
I don’t know about you, but other than landing my first job as a curb painter at age 15 and selling office supplies at 17, I never found work by responding to ads in the paper. I also don’t know anyone who ever got a job they love that way. It’s a waste of time and it’s discouraging. Who needs it?
2. Make a broad list of ideas you like and hate.
In my wife’s case, she knew she wanted to work with people and she didn’t want to be in sales. So it was easy for her to filter ideas in and out as they came up.
What kinds of things would you love to do? What do you hate so much that you’d rather stick your head in an oven than do? Make a list. Be broad and open minded. What kind of things do you see yourself doing? What kind of people would like to work with? What kind of environment would you enjoy working in? Write it down. Don’t just keep these thoughts in your head.
If you know exactly what you want to do, go for it. But if you really aren’t 100% sure, try to think in broad terms.
3. Contact people who have jobs doing things you might enjoy doing.
Think about people you know, like & respect. What do they do professionally? Could you see yourself in those jobs or environments? Arrange to meet with them for 45 minutes. Tell them you don’t expect them to offer you a job. Explain that you would like some guidance and that you value their ideas. Here’s a script you might consider:
“Liane, I feel kind of nervous calling but I need to ask a favor. I’m trying to re-enter the workforce and I’m looking for ideas. I don’t want you to offer me a job but I would really appreciate the chance to just bounce some ideas off of you and to get your guidance. Would you consider meeting me for a cup of tea next Tuesday at 5 pm?”
Now, there is one very important caveat we need to talk about.
Don’t manipulate anyone. You are on a fact finding mission – that’s it. You should really be trying to meet with people in order to learn – not get a job offer. That comes later. The idea is that you’ll meet with lots of people and sooner or later, you’ll come across the right person at the right time and a job offer will appear.
When you meet, ask them the following questions:
a. “What do you like most about your work?”
b. “What don’t you like about it?”
c. “How do see the future of your industry?”
d. “What is the most important skill to have to succeed in this job?”
e. “What does the industry need? What problem are people in that profession trying to overcome?”
f. “If you were me, and you were trying to get into this professional, what would be the smartest thing you would do? Who would you want to talk to? How would you get to them?”
g. “Who else should I talk to in order to learn more?”
Don’t be afraid to bring this list of questions with you. Tell them you are taking this search very seriously and want to make sure you don’t forget to ask anything important. If you are nervous, tell your friend that too.
4. Send them a thank you note.
Send them in a written thank you note – not an email. Tell them how much you appreciate their time and insights. Tell them you learned a great deal and you’ll keep them updated on your progress – and do it. This way, they have a vested interest in your success. Here’s a sample:
Liane,
I can’t tell you how much I appreciate the time you took last Tuesday to explain more about the photography business. I was nervous at first but you did a wonderful job of explaining the way things work and now I really feel excited about my search.
As you suggested, I’m going to call Bob Mc Camera next week and try to learn more. With your permission, I’ll keep you posted on my progress.
Thanks Again,
5. Contact the leads you get.
This is really the most important part of the process. In fact, if you aren’t willing to call new people, you might as well not even start this process.
It’s rare that a friend will be able to offer you work but your friend may lead you other people who can offer you work. Go through this interview process with the leads you get. Don’t be afraid. You will have to go out of your comfort zone. You’ll have to contact people you don’t know and you‘ll have to open to new ideas but if you are, you have a high chance of success.
When you interview these new people, tell them that your mutual friend suggested you contact them. Explain that you are interested in learning their thoughts on how you can be successful in the field you are investigating.
Here’s a script to use when you first call this new person:
Hi. This is Jim Jobseeker. I was referred by Liane Lotsahelp. Is this Bob Mc Camera?
Hi Bob. I’m not trying to sell you anything and I hope I’ve called at a good time. I’m a good friend of Liane and she mentioned you might be a great person to meet. I’m trying to get back into the photography business and I’m just trying to learn more about it. She told me you are a great resource. Would you consider letting me buy you a cup of coffee next week to spend 25 minutes learning more about the industry? (If so….arrange a time.)
Ask them the same questions you asked your friend in step 2. Make sure to ask all the questions. The most important questions you can ask are – what are the next best steps you should take and who else should you talk to. Your goal is to get closer and closer to people who ultimate make hiring decisions or hear about jobs that are opening up.
Don’t be pushy. Don’t be desperate. Don’t manipulate. Don’t have a hidden agenda. Most important, don’t go in with the mindset that Bob might offer you work.
6. Follow up.
Every few weeks, you must send an email to each of your contacts with an update on your status. Tell them who you’ve spoken with and what you learned. Invite them to offer suggestions.
Ultimately, your goal is to have 2 interviews a day. A report that I read recently said that if you have 2 interviews a day for 60 days, you’ll land a job. Someone is going to hear about something that’s right up your alley – if you meet with lots of people and tell them what your alley is.
“All this is great Neal” you might be saying, “but what do I do if I all my friends work in the meat packing plant – and I want to work for PETA.”
This is actually an easy fix. If you don’t have any direct contacts in the industry you are targeting, simply call local firms and ask to speak to the manager. Give them the same pitch you gave new contacts I outlined above. Believe it or not, most will only be too happy to meet with you. Why? Because it’s a tremendous ego stroke and people are generally interested in helping others…that’s why.
I’ve often taken calls from people who are interested in financial planning as a career. I don’t have a job to offer them but I do have a few years experience to share.
I’m also never afraid to contact bloggers and ask for their guidance. And you know what? I’ve never been turned down. Successful people love to help others. Just ask. That’s all you have to do.
If you interview enough people, ask enough questions, learn enough about the industry and go in with an open mind, this will work for you.
Have you ever tried something like this? How long did it take you to find work? Can you share some short cuts?
Divorced,in debt and unemployed. Not a good situation. But is it hopeless? Not at all.
Here’s a letter I received last week from Sophie. She’s struggling like many people these days. You may not be in the same situation that she is, but I wonder if you can relate to her and some of the challenges she faces:
My marriage fell apart a couple years ago and in an effort to make a clean and rift free split (I was the one that left) I absorbed most of the debt. I had to sell our house very quickly and had quite a lot of trouble with buying a new one (two sales fallen through, the third a
Remember when you had to stand in front of that grocery store and sell Girl Scout or Boy Scout cookies?
Did you dislike it as much as I did? Did you promise yourself you’d never ever sell anything ever again?
Lots of people dislike the idea of having a sales job. Even fewer people think of themselves as salespeople. The reality is however, we are all in sales.
That’s right. You…me……your kids….everybody.
I was reminded of that yesterday. I got a terrific sales lesson when I least expected it. Here’s what I learned and how you can apply this lesson to your everyday life – and reap tremendous benefits.
Email subscribers click here to view the video please.
Do you have you a really terrible boss? Does s/he make your life miserable? Did you lose 30 pounds and become a zombie within 3 months of going to work for the jerk?
What makes bad bosses so difficult to work with isn’t just that they treat you so poorly. The worse part is that they don’t realize what monsters they truly are. You might think that your boss knows she is a pain, but chances are she thinks of herself as Sister Teresa.
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