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Download Life After Graduation Presentation
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Life After Graduation Presented by: Cindy Fitzsimons [email protected] (720) 530-7648 Staying Involved with APO Society of Life Members $50 while undergraduate and 1 year after graduation $100, after 1 year of graduation Benefits Life Membership Pin, certificate, and ID card Lifetime subscription to Torch & Trefoil Staying connected to the Fraternity APO Alumni Associations Based on location Colorado – Rocky Mountain Alumni Association Benefits: Events Networking with other Alumni in area Low-commitment Ability to have leadership roles within association Volunteering with the Fraternity National Volunteer Conference – Summer 2015 Section Staff Region Staff National Committees LEADS presenter Chapter Advisor Sponsor a New Chapter Your Career Finding a Job Start with your school’s career center Keep your resume up-to-date Keywords are important Get help on your resume from a coach or your career center Temp Agencies Network, network, network – even when you have a job Being an Entrepreneur Pros Cons Decide your own schedule Unsteady paycheck Unlimited earning potential Fewer benefits Excitement Unpredictable hours Make decisions vs. “red tape” Feeling of helping people with your product/efforts Until you hire staff, all the work is done by you Constant prospecting I want to be an Entrepreneur…Now what? What is your product? How can you start when you still need to eat? Getting a temporary or part-time job Finding others in your industry and contract for them Loans Pay yourself first Getting new business (think relationships) Time Blocking Network Marketing/MLM Businesses Relatively low cost to start Two “products” – product and recruitment Be realistic on income Inventory Residual or one-time income? Managing Your Money Example Money Management System 55% Necessities (NEC) 10% Play 5% Contingency Fund 5% Long-term savings for spending 5% Giving/Charity 10% Investing 10% Education Change percentages as needed and always lower your NEC fund! income Investment Expenses time Buying a House Renting vs. Buying Rent Buy $900-$2,500/mo depending on location and size $1,100-$1,700/mo (for $250,000 house) depending on interest To start: deposit ($500-$1,500) No equity built To start: down payment and closing costs ($8,000-$50,000 or more) No tax benefits Build equity for eventual sale Other expenses: renter’s insurance, utilities Tax benefits Other expenses: homeowner’s insurance, property taxes, utilities, maintenance, HOA dues Getting a Loan Loan Options available FHA 3.5% down, lower credit scores needed Conventional 5-25% down, less loan fees VA (for veterans only) 0% down Other options available for less down, lower income, etc. Work to improve credit score Low balances on credit cards (10% of available ideal) Pay everything on-time Talk to a credit counselor if needed If you are thinking about buying… Talk to a Realtor that will educate you and look out for your interests vs. their commission check Buyer’s Agency in Colorado Talk to a lender (vs. a mortgage broker or bank) that will educate you on the process How much money will you need to bring? What can you do to get a better deal (credit scores, more down, etc)? Investing Your Money What is ROI? Return on Investment Income (annual) ÷ Initial Investment = ROI Why is this important? Many Options for Investing Savings accounts 401(k) and IRA ROI depends on market performance, education necessary, high maintenance, low fees Whole Life Insurance 1-8% ROI based on market, low maintenance, tax benefits, employer matches, not liquid until age 59 ½, lots of fees Stock Market .001% ROI, very liquid Steady ROI, low maintenance, high fees, most money will be distributed after death Other “passive” income streams Rental properties, vending machines, book royalties, etc. Investing in Real Estate “Wake-up Money” example Keep it simple Investment Pyramid (abbreviated) Multi-Family Investments Single Family Investments Primary Residence Savings/Retirement
