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What Do You Want? Write It Down!

January 30th, 2019

I have a very specific goal for 2019. By the end of today, it will be written down, and taped on my wall (or monitor) so I can see it every single day.

It will guide my thinking and my decisions.

It will help me stay focused.

It will help me avoid being wishy-washy and focusing on things I shouldn’t focus on.

The written goal will be my mini vision board. I’ll see it multiple times a day, and it will be in my mind all the time.

I want YOU to write down what you are after.

Don’t just write: “A job!”

Write something very specific, like:

“I will have a job as a product manager in a funded, healthy, and growing high-tech company. I will add considerable value to my team, the customers, and the company, and I will have growth opportunities. I will make $______, and have a great work-life balance.”

I wouldn’t make it too long, but you can see the level of detail that I’m after.

I have not done this much over the last 13 years since I started JibberJobber. But this year is different. I have goals that I need to focus on, and I will keep them central to my thinking because they will be on my wall very soon.

And you?

 

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How much does it cost to buy something for $100?

January 22nd, 2019

Continuing the annual theme of income streams… today let’s talk about spending money.

Let’s say you want to buy something for $100. How much money do you have to earn in order to buy it?

$100?

Assuming you have taxes, you would have to earn more than $100 to be able to buy something for $100. You’d have to earn 100 * 1.(your tax rate)

If your tax rate is 20%, you would have to earn 100 * 1.20, or $120.

Your $100 purchase cost you $120.

This is simplified, of course. You could pay more in taxes, and you could add on variable expenditures based on your income (for example, tithing). You might be contributing a percentage of your income to a 401k (so, you don’t see that money until you are old enough). Perhaps you need to make $130+ in order to buy a $100 thing.

How much would a $50 dinner cost you? Based on these numbers, it would cost you (or, you would have to earn) $60 to $65.

Look, I’m not trying to be a killjoy. But I want us to change our relationship with money. I want it to be a healthy relationship. Earning money, and increasing revenue streams, is great. But we need to understand what we are really spending. We should know, to the penny, what we are spending. Dave Ramsey’s cash flow system is called “every dollar” because he wants you to track every single dollar.

An analogy: my wife and I recently started the keto diet. The way we are doing it requires that we measure what we eat… either weigh food, or use measuring cups. We’ve found that if we just “eyeball” it, and guess how much we are eating, we are wrong… every time. Our eyeballing is inaccurate.

I bet this is what we are doing with our spending. Just a little here, at this restaurant, and just a little there, at that splurge, is okay, right?

Wrong.

We really should track and measure what we are spending, and compare that to what we are earning.

And part of understanding our expenses is to understand how much we have to earn in order to spend that much.

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How To Prepare for a Layoff Before it Happens

January 18th, 2019

In 2009 I wrote this post: Prepare For A Layoff Before It Happens. I think this was another great post (I was such a good blogger in those early days of JibberJobber!). Here are my points:

  1. Get your resume in order.
  2. Start getting your network in order.
  3. Start NETWORKING. (with three networking tips to do right now)
  4. Understand your finances.

I was pleasantly surprised to see some of my friends share their ideas… five from Twitter and six from Facebook… and of course, excellent comments.

Hey, happy new year! I’m not here to put a damper on things but if you aren’t planning for a layoff this year, you might get caught in a very sad and serious situation! Better to plan now than to be surprised later! Read how to prepare for a layoff before it happens here.

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For Job Seekers: When You Are Out of Money :(

January 11th, 2019

I’m having fun going through old blog posts and find what I consider gems. Here’s another one: When You Have No More Money, What Do You Do?

In the post I expanded on my six resources for you to consider, which are:

  1. Eliminate
  2. Family
  3. Government
  4. 401k
  5. Church
  6. Friends

This can be a humbling, and humiliating, experience. It can also be an experience to draw you closer to others, and to give them a chance to serve you. Did I mention humbling?

As with those older blog posts, there are some RICH comments in this post. Read through each of those! I miss the days of those kinds of comments (social media kind of ruined that).

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2019 Job Search Advice From The Experts

January 9th, 2019

Hannah Morgan asked a bunch of career professionals for 2019 job search and career advice. I’m in there somewhere, with my #1 piece of advice from doing this for 13 years.  Go check it out:

2019_career-sherpa-advice

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Preparing for the Pink Slip (and some history)

January 8th, 2019

Years ago I spoke a lot… at least twice a month I was on the road. When I spoke I’d want to go to as many job clubs as I could. The record was, I think, 13 job club presentations in 3 days in the Minneapolis area. I was exhausted, as was my voice.

I created a business card that, on the one side, said “pink slip.” on the other side was a link to JibberJobber.com/pink. The page went through a few versions, and we finally settled on what you see there. This needs another UI update, but my top 10 tips remain solid.

Want to know what I tell people when they get a pink slip? Check it out:

pink slip business card

At the very top it says “Congrats, you got a pink slip!”

This was in jest, because the only people who went here were people who were at my presentation. But, when a friend tells me they got laid off, my wife and I will tell them congrats. Because in many cases, your life changes in a big way. And great things can happen.

Read more at my pink slip page!

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When Networking Doesn’t Work For You

January 4th, 2019

One of my favorite thought leaders in the career space was the late Mark Hovind, who unexpectedly passed away in 2012. Talking with Mark was almost intellectually overwhelming. I struggled just to keep up with his ideas. He has been missed in this space. First, because of the research and insight he did an provided in the career and job search space. Second, because he was a man of high integrity.

In 2008 I wrote a post about networking not working… and it’s definitely worth your time. I used some of Mark’s numbers on the effectiveness of networking, and then I had some ideas about what to do if  networking doesn’t seem to be working for you. My four main points are:

  • Most people do not have a real network.
  • Most people don’t know how to network.
  • Most people don’t follow up.
  • Most people think growing their network list is networking.

The comments are also very insightful.

Go spend a few minutes on that post, and get results out of your networking efforts!

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Layoff Prep: Move Your Career Assets To Your Personal Systems

January 3rd, 2019

I have written about this before but as I was spending a few minutes on Scot’s CubeRules blog I saw this post: Move your career assets to your personal systems

In the past I’ve heard people recommend that even if you use a CRM (if you are in sales, you should have a CRM), you should put your contacts into JibberJobber.

Why? Because let’s say you spend a year or more developing professional relationships. In the olden days, this would be referred to as you “book of business.” People get hired because of their book of business! It’s that valuable.

My argument is that you have spent weeks, months, maybe years on these relationships. They started out as professional relationships, but eventually you talk about the family, vacations, hobbies… and they become personal relationships.

When you leave your company, all of your contacts’ information stays in the company CRM, and it is their property.

But does that mean that you need to sever the relationships you’ve made?  Sometimes you’ll have a clause in your agreement to not reach out to them, or not sell them competitive stuff. But many times you should reach out to them… you just wont have their information.

Scot makes the case to make sure you get all of your career assets from your soon-to-be-old company before you don’t have access to those systems. I want to make the argument that, starting today, no matter when you leave your company, you should use JibberJobber. It is the networking and career management system to help you manage those contact relationships!

Read Scot’s post here.

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2019 Theme of the Year: Income Streams

January 1st, 2019

If you’ve followed my blog for the last few weeks you know I recently lost my dream job.

You also know that when I was told “your last day will be November 30th,” I was sad… really sad. But I was also thinking about my other income streams.

13 years ago, when I got laid off and catapulted towards a new career direction, I had no other income streams. A small committee at the company I worked at voted to lay me off. No big deal, just a business decision. But they took away 100% of my income. I vowed to not allow any one person to take away 100% of my income ever again.

My plan became to create JibberJobber, and hope to earn $100 a month. That’s not much money, but at least “they” wouldn’t be able to take away 100%, right?

And so there I was, sitting across the table from my boss, getting laid off. Weeks before Thanksgiving. Shortly before Christmas. Happy holidays to me!  But, I had accomplished what I had set out to do. This person, who left that meeting with her title and salary and benefits and ownership intact, could not, did not, take 100% of my income away. And for that I was deeply grateful that all the work I’d put in these almost-thirteen years paid off.

What I’ve been thinking about all weekend is that I want YOU to be as empowered as I was. I want YOU to be as prepared as I was. I want YOU to have multiple income streams. I don’t know what is right for YOU, and I warn you that it might take thirteen (or more) years for YOU to create even one decent income stream (which might come after a number of failed attempts).

Maybe you’ve heard this one: Q: “When is the best time to plant a tree in my yard?” A: “20 years ago. The second best time is NOW.”

Let’s shift that to income streams: Q:  “When is the best time to create another income stream?” A: “20 years ago. The second best time is NOW.”

How does a job fit into this?

I want you to get to the point where, instead of saying “I got a new job!” you say “I got a new income stream!

Yes, jobs are (can be) great. Yes, most everyone should have a job. But I want you to get to a point in your career where you see your job as an income stream.

Income streams are power. I want you to have that power. And that is why “income streams” is 2019’s theme of the year.

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