4 Mistakes You’re Making In Your Job Search

4 Mistakes You’re Making In Your Job Search

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For most students graduating in the summer, the winter is prime recruiting season. While undergoing the job search be careful to avoid making these mistakes: Not networking enough: Mistake: You do everything BUT network while looking for a job. You apply to as many job posts as you can each day and also cold call and cold email recruiters but you do absolutely no in person networking. Do this instead: Networking should be your main focus during your job application. If you’re only sitting in your dorm room and applying to 10 jobs every day and not meeting or reaching out to any recruiters then I have bad news for you, it will take you much longer to get a job. Instead of spending all your time responding to want ads – divide your job search time between applying to jobs and also reaching out to your network and also…

4 Tips To Manage Your Money As A Student

4 Tips To Manage Your Money As A Student

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As a student, you have very limited funds which is unfortunate because college is very expensive. From the $300 textbooks, to the expensive housing, and let’s not get started on student loans! As a student, your primary goal is to gain an education. However, more and more students find themselves walking across the stage on convocation day with a diploma as well as a huge debt. In Canada, the average student debt is just over $25,000 and it doesn’t help that it’s even harder for students to secure jobs after graduating. If you do not effectively manage your finances you will not only risk graduating with debt, but you might find yourself unable to partake in a lot of social activities in university. Lucky for you here are a few pointers that will help you to effectively manage your money as a student: Create a budget that works: The first…

Investment Conversations With My Uber Driver

Investment Conversations With My Uber Driver

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I’m sure you’ve heard “You can get inspiration from everywhere”. But this was exactly the case this weekend. I got an Uber home from work and I quickly realized my Uber driver had all the personal  finance tea knowledge. It so happens that my new friend, John *real name withheld* is actually a financial planner and we spoke at length (well, for the duration of the ride) about different topics ranging from investing in the stock market, to the real estate market in Toronto. Safe to say that the 35 mins ride home was one of the best Uber rides I have taken in a long time. These are my key take-aways from my conversation with John: On selecting stocks to invest in: Investing in individual stocks can be daunting and also takes  a lot of research, that’s if you’re doing it right of course. This is in part due to…

On Emergency Funds: What Would You Give To Not Worry About Money?

On Emergency Funds: What Would You Give To Not Worry About Money?

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I Don’t Think I Need Emergency Savings If I asked you to recall some of your most stressful times in recent years, what are the chances that one or two, perhaps all recollections are related to money? If you are 18 and over, I would reckon very likely. One of mine definitely is – tail-end of summer 2015; a memory so sore I refuse to laugh about it. In as few details: Fast car, very tempting empty stretch of road (countryside), 2am on a summer weekend. As you can guess, it wasn’t an exhilarating ride. Fines, impound and legal fees quickly accumulated, souring the rest of my year. In hindsight, what that summer boiled down to was one bad decision revealing the false sense of security I had financially. Wage/Income – Check. Long-term savings/investments – Check. Emergency Fund – Oops! You might ask “Why not dip into the long-term savings…

How To Use Your Skills To Create A Successful Side-Hustle

How To Use Your Skills To Create A Successful Side-Hustle

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“In 2017 I will accomplish all my financial goals”, “In 2017 I will start my own business”, “In 2017, I will… (insert other seemingly far-fetched goal)”. If you’re anything like me, you probably have one of these as your New Year resolutions, and that’s admirable. However, it is what you do after making those statements that matters, not your intentions for a better life. Last year, I learnt that starting a side-hustle was the only feasible way for me to accomplish my financial goals. After all, there’s only so much budgeting one can do and a finite amount of Starbucks lattes that I can deprive myself of. Your goals will likely involve increasing your current net worth or cash flow. So the question is, how can you earn more money in 2017 or create more streams of income or side-hustles for yourself by using the skills you have?  After all, you’re trying to…