Hope for your financial life and beyond

Not So Obvious Steps If You Want a New Job

Tired of where you work? Looking for a new job? If so, you are not alone. We have all “been there” at some point in our lives.

new jobIn fact, in 2102 the Bureau of Labor Statistics released a study that tracked the number of jobs people born in the years 1957 to 1964 held from ages 18-46. They found men held an average of 11.4 jobs and women held 10.7 jobs. I can only imagine those numbers will be considerably higher for those born more recently, to whom a mobile and transient culture has become the standard of life.

If you want a different job though, don’t jump the gun. That could be disastrous on many levels, including landing in a spot that’s not a good fit. Instead take your time and go through an evaluation process that covers these six big areas.

Initial Steps to Finding a New Job

The next job is out there waiting for you. But before you land it, slow down and follow these steps:

Determine Your “Why?”

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How to Make a Home Inventory Checklist in Case of a Catastrophic Loss

Recent events surrounding the theft and eventual recovery of our family basketball goal have me thinking more about home security. One issue that presented itself during that incident was that I did not have proof (like a model number or receipt) or identifying marks on the goal that it belonged to me. If I had that proof the police could have pursued the matter more aggressively.

home inventory checklist in case of lossDuring the ordeal I had a conversation with a friend of mine who used to be a detective. He mentioned a case he investigated where a man had his entire music collection stolen. Fortunately for him, he had written down the title and artist of every CD in his collection. He gave that list to my friend who, believe it or not, was able to track down the collection. Of course, he was aided in his search by the fact that the not-so-intelligent thief sold the entire collection at once…to one pawn shop.

Wasn’t too hard to link those to events together.

My friend went on to say he has made a home inventory checklist of everything of value in his home. In case of a catastrophic loss such as a house fire, he will be able to present his home inventory checklist to the insurance company showing concrete evidence of what he did own. Of course that won’t help him recover the sentimental items he lost but it will give him a better chance of recouping the fair market value to replace all the consumer products he lost.

So, guess what the kids and I started doing over Christmas break?

How to Make a Home Inventory Checklist

We haven’t entirely completed our project but these are the steps we are taking to make our home inventory checklist:

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Reshaping My Focus in 2015, Plus a Short Survey For You

Happy New Year catMay I say an early Happy New Year to you! We’ve finally arrived at the final week of the calendar year. I hope 2014 turned out to be all you hoped it would. I’m excited about the future that lies ahead and am looking forward to making some big blog steps in 2015.

I’d like to take a few moments today to share several goals I have for Luke1428 and beyond in 2015. I mentioned the other day how not developing clear and specific goals for 2014 was a big disappointment. It caused me to drift around many a day in that I didn’t have targets on which to focus. I’m not sure why my apathy toward goal development happened in 2014 but I’m committed with renewed effort to a different course this year.

My Goals for Luke1428 in 2015

Here are the three main things I’ll be focusing on in 2015. They represent a change in focus as to how I’ve approached managing Luke1428 to this point.

Understanding the Needs of My Readers

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Insurance: The Black Sheep of Our Personal Finance Family

This may see like an odd time of the year to be discussing insurance. No doubt your mind is geared toward preparing for Christmas and figuring out how to save money on all the presents, decorations and food you will buy during the holidays. There is a reason however why this is coming out now, one that highlights an issue many people have when it comes to insurance.

insurance neon signI’ve put off talking about it…for months.

This post idea to go over the basic reason why we need insurance has been listed in my “blog topics to cover” spreadsheet since March. But I keep putting off writing about it, pushing it back month after month. Honestly, I don’t enjoy researching and talking about insurance.

It’s like the black sheep of the family. Every family has one at some level, right? That person who brings immediate tension to the room whenever their name is brought up? That historical figure we’ve conveniently deleted from the family ancestral tree?

Insurance is that black sheep in our personal finance family. With the exception of insurance salesmen, I don’t know anyone who gets up in the morning fired up about reviewing insurance policies. I’ll worry about saving, getting out of debt, investing, budgeting, root canals…anything before insurance.

Is it just me or is anyone else with me on this? Insurance can be really frustrating and confusing to deal with.

But I know it’s important and that I need it…badly. Without it I could be putting myself in serious jeopardy.

The Basic Reason We Need Insurance

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The Hidden Issue Behind the Best-Laid Plans

Hidden Nuggets Series #66 – “…you do not know what will happen tomorrow. For what is your life? It is even a vapor that appears for a little time and then vanishes away…” – James 4:14

“Mary, I know what I’m going to do tomorrow and the next day and next year and the year after that. I’m shaking the dust of this crummy little town off my feet and I’m going to see the world. Italy, Greece, the Parthenon, the Coliseum…then I’m coming back here and go to college and see what they know, and then I’m going to build things…”

george bailey and mary hatchSounds like this man is going to have a wonderful life. His path is clear. His steps are ordered in sequence. His vision is grand.

Yet, the movie character George Bailey never saw how life might disrupt his best-laid plans. He wasn’t anticipating any curveballs, like the impending tragedy coming to his family…that he’d take over the Building and Loan…that he’d give his college money to his brother Harry…that Harry wouldn’t want to take George’s place at the building and loan…that he’d marry Mary…that he’d use his honeymoon money to solve an economic crisis…that he’d face personal financial ruin over no fault of his own.

Funny how life chews up our plans, spits them out and declares, “Take that!”

George didn’t accomplish any of the dreams hatched in his young adult mind. But that doesn’t mean he never should have planned. Planning is vital for success. Maybe he could have been less arrogant though by understanding who it is that really orders our path. That’s the hidden issue behind our plans…they are subject to the one who knows what the future holds.

A Better Perspective on Planning

In the Bible, these words from the apostle James bear this idea out,

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Starting a Small Business in 2015

One of my goals for 2015 is starting a small business. I’ve been thinking about this for some time now and believe I have an idea that’s worth pursuing. It does relate to writing and blogging so I do have some experience in figuring out how this venture can turn out to be profitable.

starting a small businessNeedless to say though, when starting a small business there is so much to plan for. One can’t be whipped up in a night. While this won’t be an exhaustive list of everything that must be considered, here are the top five things I’ve been thinking through lately.

Pursuing an idea or passion that fills a need

Ideas are a dime a dozen. The light bulb goes off on a new one every day. But does a small town with five pizza stores really need another one? Probably not, unless there is a unique angle to it that differentiates from the others. You will have a hard time getting started let alone succeeding in a town filled with so much competition.

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Statistics Show People Turn to the Internet First For Their Job Search

A recent internal study of the labor market by Jobtonic.com showed that the majority of applicants get a job using specialized Internet portals. Applicants can use such services to search for jobs in Houston, LA, Detroit and any other city in the US. Many applicants believe this method is the most effective even compared to using friends and relatives.

How People Found Their Current Job

man having job interviewFor some would be job seekers it is easier to ask influential friends or family for help with their career. Some prefer to visit organizations directly and get their face in front of the decision makers. However, according to statistics the majority of candidates still believe that the perfect job is best found online using specialized sites.

The data obtained from responses of 550 individuals who participated in the survey reveal this fact.

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Selling My Soul to the Devil: Why I’m Leasing a Car

Never in my wildest dreams had it crossed my mind that I’d be leasing a car. Generally speaking, leases are a bad idea and one of the worst financial products a consumer could take on. It’s almost impossible to negotiate a deal that doesn’t favor the dealer in some way. You are basically renting a car for the length of the lease and have nothing to show for it when the lease is up.

leasing a carSo no one was more surprised than I when two weeks ago I signed a two-year lease on a car. I felt a bit dirty doing it, like I was committing the cardinal financial sin and selling my soul away. So I’m writing today to explain my actions given the terrible track record leases have for the consumer.

This deal happened only because my wife and I will come close to breaking even on the lease over those two years. I’ll be driving a new car almost for free.

The Unique Circumstances That Have Me Leasing a Car

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5 Practical Steps to Consider When Making a Career Change

We’d all like to make more money, right? Sometimes that can happen by taking on a basic part-time job or coming up with our own personal side hustle. More than likely though, over the long-term, we would want to make more money from our main career so those part-time jobs and side hustles could be eliminated from our daily schedule. Nobody wants to carry multiple jobs indefinitely. That would prove very stressful over time.

If there is little possibility of making more money from your current full-time job then a career change might be in order. It’s a scary proposition to launch out into a new career, unsure of how it’s going to work out. It’s that fear that keeps people from even considering it. We’d rather face being short on money than deal with change and battle the unknown.

My wife and I have learned first hand what it takes to change careers. Several years ago we embarked on a journey where my wife changed careers from high school math teacher to Certified Public Accountant (CPA). A big shift to be sure, one that required a great deal of effort.

The journey was not without it’s ups and downs. We’d both say it was the toughest three years of our marriage. Not relationally because we got along fine but in the shear amount of effort and sacrifice required to accomplish the task.

In the end, the career change has been completely worth it. It has boosted our family income and allowed me to quit my job to be a stay at home dad and personal finance writer. It’s reduced stress, provided for more family time and opened other opportunities we could not have engaged in before.

I believe we had success because of all the preparation we did ahead of time before we committed to pursuing the change. So I’d like to share the practical steps we took that helped us identify the career she chose to pursue.

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Give the Gift of Investing This Holiday Season

I’m happy to welcome today the Debt Free Guys. Enjoy their guest post on how the gift of investing may be the best present a child could receive this holiday season.

Christmas presents under the treeAmericans are expected to spend between 4 and 4.5 percent more this coming holiday season than in 2013 or $981 to $986 billion between November and January, excluding auto and gas sales. The lion’s share of that money is expected to be spent on technology, led by Apple’s iPhone 6 and 6+.

Already this month we’ve seen personal finance blogs with advice to manage expenses this holiday season. Expect to see lists of all sorts on financial blogs and websites, such as “25 Gifts Under $25”, “Gifts You Can Make” and “The Art of Re-Gifting”. We’ll kick off our 2014 holiday shopping advice to give the gift of investing this year.

There will be the exceptions, but most American children will have their fair share of gifts beautifully wrapped and lovingly placed under a Christmas tree or next to a menorah. They’ll excitedly un-wrap their gift, play with their new toy or wear the new piece of clothing, but eventually the gift will be forgotten. Some possibly forgotten before the day is over. Others will be forgotten by the end of the holiday season or a few months later. Even iPhones lose their luster after several months.

What won’t be forgotten is education. As we’ve discussed frequently at Debt Free Guys, we believe there is a gap in education in that kids don’t sufficiently learn enough about money management, saving and investing.

Educate the children in your life and give the holiday gift of life-long investing. There are three ways to do this.

Open a UTMA/UGMA Account

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Saving Money Throughout College

Enjoy this guest post today from my blogging friend Glen at www.howtosavemoney.guru.

glasses and highlighter resting on bookAs Brian has been talking all things college lately, I thought I would chime in with my own take on how college students can save money.

Avoid borrowing more money than you need

When I was first told that people in the US borrow money to go and live on campus (essentially borrowing to pay rent), I actually couldn’t believe it. Not only that, but my friend (who is from the US) told me that it is common place for students to do this.

I live in Australia, and while there certainly isn’t as many colleges to choose from as there are in the USA, the idea of getting a loan to pay for accommodation close to college just wasn’t an option.

Instead, I decided that I would attend a local college and utilize the public transport system to get to and from my classes. I had to plan my journey to fit within the transport timetable, but I also saved so much money.

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