How To Boost Your Job Prospects While Studying

Studying is something of a double-edged sword. On the one hand, it’s a great way to improve your long-term career prospects. But on the other hand, it’s hard to make ends meet while you’re doing it. Every year, thousands of students mull the same question: how do they boost their job prospects while they’re at university?

Volunteer

The problem with getting a college education these days is that it is something that lots of people do. This might sound like a good thing, but all it does is increase competition for the top jobs and makes it harder to stand out. Students, therefore, have to look for other ways to boost their CVs.

One way that they can do this is to start volunteering. Volunteering has always been an excellent way to make yourself stand out from the crowd and grab the attention of future employers. Just like landing a part-time job, volunteering shows future employers that you have good management skills and that you’re willing to dedicate your time to a good cause.

Choose The Right Degree

Different degrees have different returns when it comes to the job market. Business administration degrees, for instance, are much more likely to land you a well-paying job in the future, compared to arts-based degrees. When thinking about university, don’t just think about the degree that you’ll enjoy, reflect on the degree that will most benefit your job prospects in the future.

Keep Track Of Everything You Do

Most students do nothing at university other than sitting around drinking and having a good time. And while that’s all part of the experience, it shouldn’t be the main event.

Most of your colleagues won’t be keeping their own portfolios of all the stuff that they’ve been doing during their degree, and so if you have a collection of material that you can show employers, you’ll be at a significant advantage when you apply for a job. When employers can see what you’ve been doing, they’re much more likely to consider your candidacy than they are a person who hasn’t got any evidence to back up their purported abilities.

Start A Business

Starting a business in college might seem like a bad idea: after all, aren’t you supposed to be studying? But it turns out that many college students start businesses on a small scale. One of the reasons that they do this is, of course, to make money. But the other is to show future employers that they are financially literate and that they’re able to understand profit and loss.

As a student, there are all sorts of things you could sell. You could hire out a room once per week and give dance classes. You could teach foreign students English, or you could start up your own maker project and try to sell a gadget to the market.

Go Traveling

Finally, employers like people who are well-travelled. People who have been all over the world are usually very good at representing companies in international markets. Take a trip with your friends around Europe, or go to summer camp.

Stairway To Security: Home-Buying Advice

The process of home buying is one we all have to go through at some point in our lives. It certainly is a lot more difficult now due to the economy, and there are other things you may wish to consider before entering into the home buying market, but as you may discover, it is not a straightforward process. This is why it is worth asking yourself some key questions before you enter into this arena.

What sort of home is suited to your needs?

When entering into home buying, you need to consider if the home you have your eye on is suited to your long-term plans. Do you plan on having children, and if so, will there be enough room for them to grow up, learn to walk, etc.? Many people underestimate this step and think that getting on the property ladder is enough, but find themselves living in a cramped space and getting on each other’s nerves!

Do you need specific features for this home?

From the internal features, such as the bathroom and kitchen, all the way through to the neighborhood itself, you need to be sure of what you are entering into. This will be the biggest purchase of your life, and you need to be sure that it caters to everyone’s needs. By the same token, there needs to be some flexibility here because nothing is perfect, and you could be chasing a rainbow for years on end!

How much can you afford?

A massive question to ask. This breaks down into two parts, firstly how much will a lender be willing to lend you, and how much can you feasibly afford to make sure that you can afford everything else without bankrupting yourself to get the monthly payments in. Lenders will take into account everything, from your outgoings to debt to your earnings, and will decide what you are actually good for. Likewise, you may want to look at the total costs, so this will include the property taxes, the neighborhood costs and how much down payment you can physically afford. The bigger the down payment, the less the repayments will be. But you need to be ruthless in your assessment of your own outgoings.  

Who will help you through the process?

The whole house buying process is a minefield. There are hidden fees and the worry that the estate agents you have chosen are “good enough” as well as the whole financial concerns you will have yourself throughout the process. There is advice available on certain parts of the buying process that you may not be aware of at http://www.skyfiveproperties.com/blog/escrow-process-earnest-money-closing. And with a better understanding of the whole structure, you are better equipped to ask the right questions. It can feel like you are being led blindly, but this is where your own research comes in handy too. You know what you want out of your own home, and so you should know the fine details.

It is a big task, but it is one that is worth your time, effort, and research. The goal is to build a home for your future, so make sure that it is a good one!

The Big Benefits Of Owning An Income Property

If you are looking for ways to invest your hard earned cash then look no further than an income property. If you haven’t heard of this type of investment before, an income property is a property that is bought or developed for the single purpose of earning an income. Of course, as with every investment out there, you must make sure you understand the risks attached. However, for every risk, there is a benefit, and we are going to talk you through the major benefits of investing in an income property.

You’re The Boss

There is no greater feeling than being your own boss, and that is exactly what you’ll become when you invest in an income property. You’ll get to choose which type of property to invest in, who your tenant will be, how much rent you are going to charge and whether you will manage it yourself or hire and agency. This freedom and a boss-like feeling are not achievable with a lot of other investments. Take stocks or funds for example. Sure, you can choose which to invest in and how much you’ll invest, but you won’t have the chance to control or manage it.

Big Old Tax Write-Offs

As the owner of an income property, you are entitled to huge tax deductions. Of course, we recommend you speak to a professional accountant that specializes in this area of business, someone who can educate you on the best ways to save money on your property taxes. But to give you a brief understanding, you will be able to write-off your mortgage, as well as any credit card payments you made on home improvements. You can also write-off any insurance, maintenance, travel costs, legal and professional fees. What’s more, that is only the tip of the iceberg, but your accountant will be able to explain the full extent of the tax benefits available in this area of investment.

It Will Give You Some More Pocket Money

The whole point of having an income property is to generate an income, which means having tenants occupy it for an agreed rental price. Of course, it is as simple as taking away mortgage payments from your rental fee and keeping what is left, which because there are associated costs with having a property, such as maintenance costs and potential periods of vacancy. But let’s say you had an income property that you were renting out for $1000 a month, and your mortgage repayments were $600, you won’t be keeping $400. That is because roughly 10% of that $1000 dollars will be required to cover maintenance and vacancy, as such you will be left with around $280 a month. But this accounts for over $3000 a year, and your mortgage is getting paid off.

Appreciation Is Awesome

This has to be one of the greatest things about property because, if you get it right, you can see your property appreciate so much it will be like having a second income. It could be that you buy at the right time – when the market is low – or in an area that suddenly sees a huge amount of infrastructure get upgraded. There are so many factors that can have an affect, from transport links to schools, all of which will see your property rocket in price. Of course, it can go the other way too, as we saw in 2007 and 2008 when the entire economy collapsed and house prices plummeted. So make sure you do your homework first.