{"id":6361,"date":"2017-06-11T15:24:10","date_gmt":"2017-06-11T19:24:10","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=6361"},"modified":"2017-07-07T08:29:37","modified_gmt":"2017-07-07T12:29:37","slug":"advice-for-graduates-on-jobs-money-and-a-happy-life","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=6361","title":{"rendered":"Advice For Graduates On Jobs, Money And A Happy Life"},"content":{"rendered":"
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Brian Hannon, Vanderbilt 2017 graduate and Kerry Hannon. Photo by Cliff Hackel<\/figcaption><\/figure>\n

There are plenty of things I wish I had known when I graduated from Duke University<\/a> 35 years ago. My recent trip to attend my nephew, Brian Hannon\u2019s, graduation from Vanderbilt University <\/a>made me nostalgic for my own career leap. It also gives me an opportunity to share my advice for Brian and this year\u2019s class that I could have used. More on that shortly.<\/p>\n<\/div>\n<\/header>\n

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As these happy family occasions go, this was one for the books. What can I say, it was in Nashville. The honky-tonk music and good vibes were everywhere we turned\u2013from the strawberry and champagne reception on campus to the Country Music Hall of Fame<\/a> and a chance to sit up close with Ricky Skaggs<\/a>, as he talked to Peter Cooper, who serves as senior director of the Hall, about his career in music and lessons learned on the road.<\/p>\n

For me, the opportunity to be with family\u00ad\u2013all three of my siblings were there, as were Brian\u2019s three siblings, was a time to cherish the significance of those who support our dreams, are proud of our past accomplishments, have our back and are rooting for our future with all their hearts. These gatherings are moments in our lives to pause and hold dear.<\/p>\n

\u00a0I have focused my life\u2019s work on helping those around me find purpose and meaning in life. I strive to provide strategies that cut to can-do action steps. I feel grateful to have followed my heart to become a writer from the get-go.<\/div>\n

I was determined to become a writer and an author, and I never wavered from that course. It did, of course, mean moving in with my parents for a while when I first graduated from college to save money. It allowed me to get some traction with my writing, as I built a portfolio that would launch me eventually to a job at Forbes Magazine in New York.<\/p>\n

\"\"<\/a>READ ON FORBES<\/a><\/strong><\/p>\n

\u00a0I never looked back. Have I had setbacks? You bet. Here’s my advice on how to get going and keep going.<\/div>\n

\u00a0<\/strong>Reframe negative self-talk.\u00a0<\/strong>Negativity eats away at your confidence. Be mindful of the language that runs through your mind, or words you say out loud. Replace it with positive words and action verbs.<\/p>\n

Be kind to yourself.<\/strong> This is time to energize and build your career. It\u2019s stressful. Exercise and eat with an eye to nutrition. When you\u2019re physically fit, you feel confident and invigorated, and it shows. Employers pick up on that. People want to be around you. Be spiritually fit, consider yoga or meditation, or a way to find a place of respite in your life, a place of ballast.<\/p>\n

\"\"<\/a>Find a job you love<\/strong>. To me, it’s vital to Love Your Job<\/a>. When it comes to looking for a great job, stay focused. Don’t apply to jobs helter-skelter. That’s a waste of time. In fact, this is advice I give to jobseekers in their 50s and 60s as well as those in their 20s.<\/p>\n

Use your social media acumen.<\/strong> Run a Google search on employers where you might want to work. Set up a Google alert<\/a>\u00a0to send you emails about news related to those companies, nonprofits or government agencies.<\/p>\n

Sign up as a follower of the potential employer on social media accounts such as Facebook, LinkedIn, Instagram, Pinterest and Twitter. \u00a0This can give you a sense of whether it\u2019s a place where you\u2019d want to work. If you get invited in for an interview, you\u2019ll be able to talk knowledgeably about the challenges facing the employer and why you\u2019d love to work there. You might also check out LinkedIn Students<\/a>, an app that is aimed at helping new college graduates find jobs and more.<\/p>\n

Network. <\/strong>Your network is still gaining steam, but don’t be shy about tapping\u00a0your parent\u2019s, a relative\u2019s, even a former professor\u2019s network for help getting a foot in the door someplace, or simply land you an informational interview with someone working in the field that interests you.<\/p>\n

From your profile on LinkedIn<\/a>, for example, you can conduct a search to see who among your connections is working at a particular company. When you\u2019re applying for an opening, reach out to your contact to see if they can help you get in touch with the hiring manager. Your contact might be able to carry your resume directly to that individual via an employee referral program.<\/p>\n

Review job boards and apps, but don\u2019t get sucked in<\/strong>. Sending your resume to one of the big job boards, such as CareerBuilder<\/a>, Indeed<\/a> or Monster<\/a>, can be black hole. A very small percentage of people actually get hired this way, but what these boards can do is provide intelligence on who\u2019s hiring and what positions are open.<\/p>\n

More: You Should Be Using the Latest Job-Hunting Apps<\/a><\/p>\n

The job board on an employer\u2019s own website is also worth a visit. It\u2019s a good way to get a bead on what qualifications are needed for a particular position. Small local job boards or your industry niche board can be more fertile in leading to real job prospects.<\/p>\n

\"\"<\/a>Get your financial feet on solid ground. <\/strong>Two books to consider: Get a Financial Life: Personal Finance in Your Twenties and Thirties<\/a> by Beth Kobliner and How to Think About Money,<\/a> by Jonathan Clements. The Investor Protection Institute\u2019s site, iInvest.org<\/a>, offers free guides that explain stocks, bonds and mutual funds.<\/p>\n

\u00a0<\/strong>Sketch out your monthly budget. <\/strong>Add up the fundamentals (your rent, utilities, groceries, transportation, student loans and car loans) and subtract from your monthly after-tax pay. Websites like Mint.com<\/a> and YouNeedABudget.com <\/a>offer free software to track spending and set up budgets.<\/p>\n

Avoid credit card debt. <\/strong>Debt can plague you for years, affecting your ability to get a mortgage or even a job, because employers may check potential employees\u2019 credit reports.<\/p>\n

Start saving and investing. <\/strong>Take advantage of your employer\u2019s 401(k) or similar retirement plan. Workers under age 50 can contribute up to $18,000 to their employer-provided 401(k) in 2017. Contributions are tax deductible, and investments grow tax-deferred until withdrawals in retirement. Invest enough in your 401(k) to qualify for the full match (the amount your employer puts in as a result of your contributions). Most employers require workers to save from 4 percent to 6 percent of pay to get the maximum match.<\/p>\n

Diversify investments. <\/strong>My preference is to invest in a diverse mix of low-cost index funds.<\/strong> You might select a trio of funds: a broad United States stock market index fund, an international stock market index fund with exposure to both developed and emerging markets, and an index fund that owns the overall United States bond market. Another option: Target-date funds, or T.D.F.s, which automatically adjust the balance of their stock and fixed-income investments based on your age.<\/p>\n

If you earn enough to save on top of your retirement plan but not so much that you are capped by I.R.S. income limitations, contribute to a Roth I.R.A<\/a>.<\/p>\n

More: What New College Grads Need to Know About Money.<\/a><\/p>\n

Start an emergency fund. <\/strong>Set aside money to cover unanticipated life events and expenses like unreimbursed medical bills and auto or home repairs.<\/p>\n

My parting thoughts:<\/strong><\/p>\n