YOU MUST PUT MONEY IN BEFORE YOU CAN TAKE IT OUT.

Income• Wages• Salaries• Tips• Commissions• Entrepreneurship• Business earnings

• Investment earnings• Government payments• Grants• Royalties• inheritances

Wages, Salaries, Tips and Commissions

• Wages: hourly rate• Salary: set amount each month• Tip: voluntary payment that a customer makes to the

employee• Commission: percentage of the total dollar amount that

the employee sold

Entrepreneurship, or Business Earnings

• Entrepreneur: someone who starts their own business, joins a family businees, or buy someone else’s business

• Sole proprietorship: if you are the only owner• Partnership: co-owner, have partners• Corporation: owned by a group of stockholders

Government Payments• Financial aid for students• Social security• Medicare• Medicaid• Unemployment benefits• Aid to dependent children

Where does this money come from?

Your Identity

• Up to this point you have been a student. • As an adult, people ask

you what you do, and that is attached to your identity.

Choosing a Career 1. Daydream2. Make a thorough self-assessment3. Gather career information4. Set a realistic career goal5. Make a decision 6. Outline a plan of action

Finding and Applying for a Job • Obtaining Job Leads

• Networking• Professional and Trade Organizations• Job/Careers Fairs• Traditional Sources

• Newspaper ads• Employement agencies• Cold contact/direct mail

• Searching the internet• Head Hunters

Applying for a Job• Job Application Forms • Resume• Be careful in Providing Personal Information• Cover Letters

Interviewing • Make a good Impression

• Dress appropriately• Go alone• Smile and make eye contact• Answer questions thoughtfully• Handle illegal questions intelligently• Ask good questions• When it’s over, go!• Write a thank you letter

Other items • Pre-employment testing

• Test abilities• Credit score