Financial Security

1) HOW TO LOOK FOR A JOB2. To begin with, you have to take stock of what
A) The Chronological Curriculum:you now possess. That is, you have to prepare a
1. First and foremost you have to be able to write anbalance sheet of your personal possessions. In other
effective resume or curriculum. Now there are twowords you should determine your assets ( what you
types of curriculums that you have to consider. Oneown ) and your liabilities ( what you owe ) and then
is the Chronological Curriculum while the other is thesubtract your liabilities from your assets to figure out
Functional Curriculum. But since the Chronologicalwhat your net worth is. In this way you might find
Curriculum is the one that is most used, I'm going toout that you're richer than you thought, poorer than
start in explaining how to most effectively write andyou thought or just about where you thought you
use this one.were. In fact one person found out when he did this
2. One of the most important items often left out ofthat he really was a millionaire and didn't have to
this type of curriculum is the objective or directionworry about being financially independent anymore.
that you're trying to set-up for yourself. In otherBut in any case it's important to know where you
words you should have some idea as to what kind ofstand at this point in time.
position or job you're applying for and state this in a3. As an aside here, I have to say we don't prepare
very bold fashion either at the top of the curriculumbudgets. We found that budgets are very much like
or in a covering letter. Otherwise your curriculum willdiets and they usually don't work.
probably be ignored.4. The second step you should take is to determine
3. Secondly, your curriculum should be no longer thanhow much money you're really making on an hourly
two pages, preferably one, and written on paperbasis at your present job, or how much you're
that highlights your skills.looking for hourly, if you are out of work. Now in
4. Thirdly, your schooling and job experience shoulddetermining this, you should not only figure in the
start with the most recent to the less recent.hours and money that you receive while you're on
5. Fourthly, your experiences whether schooling orthe job, but also any time and deduction in expenses
job wise should start with those experiences that arethat have accrued to you that are really work
recent and most related to the position you'rerelated (travel to and from work, work related
applying for. Also if you have university experienceillnesses, costuming, decompression time and
you normally don't have to put down your primary orexpenses related to work, etc.). In fact, one
secondary school experience.employee found that he was making a minus income
6. And finally, if you know more than one language orif he stayed at his current job any longer.
have a specialized skill or interest that could relate to5. The third step that you should take is to start
the position that you're applying for, put this in akeeping track of every cent that comes into and
most prominent place on your curriculum.goes out of your life and to categorize each cent
After finishing this, your curriculum can be distributedaccording to your judgment as to what categories or
as a result of newspaper ads or any other situationsubcategories are essential in determining where your
that might lead to a potential job that you might bemoney is actually going and coming from. Then at the
interested in.end of each month you should total all the categories
B) The Functional Curriculum:or subcategories. After this you should subtract the
1. The Functional Resume or Curriculum, however, isexpenses from the income. Then you can add or
the one that is much less frequently used. Thesubtract the result depending upon whether there's a
reason for this is that, although you normally wouldgain or loss for the month to a beginning cash
get a better job, you have a lot more to do to putbalance. The result should equal the actual closing
this curriculum into operation.cash balance for the month plus or minus a human
2. To begin with you should write the story of yourerror in calculations. A gain for the month would be a
own life, but only the positive aspects of it. Thensavings.
you should relate the talents that you used to make6. Next you have to start by defining what money
these life events so positive. After this you have toreally is. Most would define money as a medium of
rank the five most important talents (1,2,3,4,5) thatexchange, but I would like to offer another definition.
you used.Money is what you trade your life energy for. And in
3. On the other end of the scale you have tolooking at this definition you have to match the life
determine the direction you want your life to takeenergy that you're using with the totals in each of
job wise based on your past experiences andthe categories or subcategories that you're listed to
education. Then you have to relate those 5 talentsrecord your money spent. To do this you should use
mentioned above to your job search by writing themthe formula; Dollars Spent / Real Hourly Wage =
in importance order under your goal, and giving twoHours of Life Energy Used.
examples of each on how you used these talents in7. The next step is to determine your goal or goals
the past, but related to experiences that would helpthat you might have for the rest of your life. And in
you in your job search. This then is your curriculum.order to do this you might have to ask yourself a
Goal + Talents + 2 Examples after each talent.number of important questions. For example; 1) What
4. After finishing the curriculum you do not send itdid you want to be when you grew up? 2) What
out. You memorize it, not in the sense that you'rehave you always wanted to do that you haven't
memorizing it word for word, but in the sense thatdone yet? 3) What have you done in your life that
you should memorize the essential essence of theyou're really proud of? 4) If you knew you were
curriculum. Then practice the verbalization of it withgoing to die in a year, how would you spend that
trusted friends.year? 5) What brings you the most fulfillment - and
5. In the meanwhile you should start contacting byhow is that related to money? or 6) If you didn't
letter executive decision makers of companies youhave to work for a living, what would you do with
would like to work for, but not asking them for ayour time?
job. Instead you would be asking them for an8. Now once you've determined what your goal or
interview whereby they can give you some advicegoals are, you should match this purpose with the
on what you could do with your talents, and youtotals in each of the categories or subcategories to
should mention to them in the letter that in a fewsee if a particular expense is really in alignment with
days you will be contacting them by telephone to setyour purpose or not. If not, you might ask yourself
up such a meeting. But remember; don't contact thehow might that expense be adjusted accordingly. In
personnel directors unless you want to work in thatdoing this though you should also be aware as to
area, but the decision makers who can usuallywhether your purpose is in alignment with what's
override their personnel directors.good for the planet as well.
6. At the interview, remember that with a9. Now here I doubly want to emphasize, and
Chronological Curriculum the interviewer controls thehistorical evidence seems to back me up, that unless
interview, but with your verbalizing the Functionalyour basic priority is the welfare of the planet, you
Curriculum in front of the interviewer, thewill normally not be financially independent.
interviewee controls the interview.10. Next draw a wall chart indicating the trend
7. Using this approach you can develop manyupward or downward that your income and
important contacts because your initial interviewerexpenses are taking over a certain period of time.
can put you in contact with many people at theUse the vertical side of the graph to represent the
same executive level of companies similar to the onemoney and the horizontal side to represent the
you're interested in, if he or she's impressed withmovement of time. Also use different colored lines to
your presentation. Also remember this: Many timesdistinguish between the income and expenses on the
when you're dealing with executive decision makersgraph. Notice the trends. Within three months your
and they like your capabilities, they could create a jobexpenses should decrease by 20%. Unusual expenses
for you if none is currently available.could be prorated or balance each other out. And
C) Suggestions on Interviews:eventually this wall chart should be made public for
1. Always dress neatly and somewhat conservatively.mutual encouragement.
2. Never be a "yes" person. Always express your11. Tips on how to start being frugal: 1) Stop trying
honest opinion, but in a way that shows respect forto impress other people. 2) Don't go shopping unless
the other person's opinion.you really need something. 3) Avoid using credit cards
3. And always send a thank you note after eachas much as possible. 4) Do it yourself. 5) Look for
interview.bargain quality. 6) Use your possessions efficiently. 7)
This information was attained from two executiveWatch out for unnecessary interest payments and
employment agencies in New York.financial charges. 8) Check out your transportation
2) IF NOT A JOB, HOW ABOUT BECOMING ANcosts. 9) It would be helpful if job and home were
ENTREPRENEURclose together. 10) Go to a four day ten hour
An entrepreneur can be defined as someone who isworkweek. 11) Comparison shop for good medical
in control of his or her own destiny and who makesservices. 12) Reduce Stress. 13) Rent out unused
things of economic consequence happen.space in your home. 14) Explore living in a commune
To be an entrepreneur you have to have a particularwhere people have similar life-styles. 15) Live in a
kind of mindset. That is, you have to have; 1) amobile or motor home. 16) Share your possessions.
strong desire, 2) perseverance, 3) initiative, 4)17) Share yours chores. 18) Vacation near home. 19)
persuasive skills. 5) a winning attitude and 6) aHave potlucks rather than dinner parties. 20) Develop
bottom line mentality.inexpensive hobbies , 21) Do you need as much
To begin with you should write down your conceptinsurance as you're carrying and 22) Continue to use
as to what you economically want to do as preciseyour imagination.
as you can in only one paragraph. But in doing this12. Now you should really start to redefine work as
you have to watch out for the various traps thatsomething you actually love to do rather than
exist in developing a concept. They are; 1) it wontsomething you have to be paid for. In this way you
work, 2) you can't make any money on it, 3) there iscan maximize your income while minimizing your time
no market for it, and 4) there can be unpredictablein acquiring it, so that you can value your life energy
customer behavior; But also remember this; that themore effectively until you reach your goal or goals. In
customer has to pay at least 5 times the direct costother words, you could work for pay for a limited
of a product.period of time just to earn enough income to
Now there are three types of Business entries yousupport yourself in the work that you really love to
should consider. They are; 1) Starting from scratchdo.
whereby you should be prepared to take 5 to 813. With your new definition of work and your new
years to start a business, 2) Buying an existingscheme in how you should spend money, you should
business whereby the risks are less by saving time (1start your savings. I would say here that you might
year) for the business to be operational, buyingneed a cushion of at least 6 months in savings with
cheaper assets, and by assuming cheaper financing,some interest being paid, for emergencies. After this,
and/or 3) in buying a franchise) whereby the riskyou should call your savings "Capital" which is the
would only be about 30%. Also you could be anmoney you should put into long-term investments for
Entrepreneur within a company as well.making money.
The ideal business actually should have; 1) no14. Now these long-term investments should be as
investment, 2) an identifiable market, 3) a low costclose to the following criteria as possible: 1) Your
supply, 4) minimum government regulations, 5) goodcapital must produce income, 2) Your capital must be
price-cost ratio, 6) frequent buyers, 7) favorable taxabsolutely safe, 3) Your capital must be a totally liquid
treatment, 8) a good distributing system, 9) newsinvestment, 4) Your capital must not be diminished at
value, 10) technical fashion obsolescence, 11) perishthe time of investment by unnecessary commissions,
ability and, 12) weather proof ness5) Your income must be absolutely safe, 6) your
Three types of business plans should be written onceincome must not fluctuate so that it would be the
your concept of a business starts to materialize.same each month, 7) Your income should be payable
They are; 1) The Feasibility Plan, 2) The Operationalto you in cash at regular intervals, 8) Your income
Plan and, 3) The Financing Plan. Financing for themust not be diminished by unnecessary charges, and
business could be accomplished by; 1) cash from9) Your investment must require no maintenance
customers, 2) sub-contracting, 3) your own money,charges of any kind. In the U.S. at the moment only
4) borrowing (from as few as possible) or 5) byone category of investment fits into this criteria and
leasing.that is "Long-term U.S. Treasury and U.S. Government
The Management team, if you decide to assembleAgency Bonds".
one, should include; 1) the creator, 2) the driving15. And finally, along with your working income and
force, 3) the marketer (the marketing strategyexpenses, with a third different colored line you can
should be to find the competitive edge either inrecord your steadily rising gains from your long-term
quality, price, or service) and, 4) Moneybags. Theninvestments on the wall chart as well. When this line
you should give each of them part of the rock andeventually crosses over the expense line (called the
teach them to listen to others.crossover point), you can then consider yourself
This knowledge came from a film entitled "Winningfinancially independent because your needed income
Entrepreneur Style" by the University of Southernis basically acquired through money, rather than
California.through your individual work effort. I know that
3) HOW TO BECOME FINANCIALLY INDEPENDENTthere is one 4 member family that discovered by
1. First of all you don't have to have a lot of moneyusing this approach that they could live on $300.00 a
to be financially independent. You only have to havemonth comfortably.
enough. The question then becomes, what is reallyThis summarizes a book entitled "Your Money or
enough? The next question you have to ask yourselfYour Life" by Joe Domínguez and Vicky
if you're working is "Am I earning a living" or "Am IRobin.
earning a dying"?