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	<title>career &#8211; Finance &amp; Career</title>
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	<link>https://financeandcareer.com</link>
	<description>A finance and career magazine</description>
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	<item>
		<title>Do Good Looking People Make More Money?</title>
		<link>https://financeandcareer.com/career/do-good-looking-people-make-more-money/</link>
		
		<dc:creator><![CDATA[Finance&#38;Career]]></dc:creator>
		<pubDate>Tue, 08 Apr 2014 16:41:10 +0000</pubDate>
				<category><![CDATA[Career]]></category>
		<category><![CDATA[beauty]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[salary]]></category>
		<guid isPermaLink="false">http://financeandcareer.com/?p=1864</guid>

					<description><![CDATA[As a society, we love to think that we have transcended judging others by their looks and beauty has absolutely nothing to do with how successful we are in the pursuits of our careers.  However, economists seem to think that our society is still as vain as ever and how well we do occupationally is still dependent on&#8230;]]></description>
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As a society, we love to think that we have transcended judging others by their looks and beauty has absolutely nothing to do with how successful we are in the pursuits of our careers.  However, economists seem to think that our society is still as vain as ever and how well we do occupationally is still dependent on how good-looking we are.<span id="more-1864"></span></p>
<p><a href="http://financeandcareer.com/wp-content/uploads/2014/04/beauty5.jpg" data-wpel-link="internal"><img fetchpriority="high" decoding="async" class="alignnone  wp-image-1881" spellcheck="true" alt="beauty5" src="http://financeandcareer.com/wp-content/uploads/2014/04/beauty5-1024x767.jpg" width="614" height="460" /></a></p>
<p>According to economist Daniel Hamernesh, an average person will earn $1.6 million over a 40 year career, whereas a good-looking person will make about $200,000 more. <em>  </em>Economists call the extra wages earned from good looks the &#8220;beauty premium.&#8221;  When broken down, the most attractive of workers earned, on average, $42,000 a year. Average-looking people earned $40,000 a year. And &#8220;ugly&#8221; people earned $36,400 per year, almost $6,000 less per year than attractive employees. If you notice, the difference between ugly people and average-looking people is wider than the gap between average-looking people and good-looking people. Average-looking people tend to get promoted less than their more attractive counterparts.</p>
<p>The latest into the &#8220;beauty premium&#8221; largely comes from research by Daniel Hamernesh, and publicized in his book <em><a href="http://www.amazon.com/gp/product/0691140464/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0691140464&amp;linkCode=as2&amp;tag=thesuccha-20" data-wpel-link="external" target="_blank">Beauty Pays: Why Attractive People are More Successful</a>.   </em></p>
<p>The role of physical attractive has been well-documented in other studies as well. For instance, <a href="http://mpra.ub.uni-muenchen.de/49392/2/MPRA_paper_49392.pdf" data-wpel-link="external" target="_blank">an Italian study </a>found that attractive women and men get call backs for interviews quite a bit more. In order to do this study, the researchers sent out 10,000 resumes&#8212;using the same ones and only changing the photo, name, and address. They found that across the 10,o00 resumes, the call back rate was 30%. But what was shocking was that attractive women got called back over 50% of the time (54% to be accurate) while attractive men got called back 47% of the time. And sadly, unattractive women only got called back 7% of the time and unattractive men got called back 25% of the time. Being unattractive is a definitive drawback; but according to the Italian study, being an unattractive woman is a much bigger drawback than being an unattractive man.<br />
<br />
&#8220;Good looks&#8221; is largely a function of facial symmetry.  Generally, the more symmetrical a face is, the more attractive a person is.  In doing research for the book, Daniel Hamernesh relied on both the ratings of others and his own ratings to define beauty&#8212;and the ratings were largely similar.  So although beauty is in the eye of the beholder, most people have no trouble differentiating between someone who is good-looking and someone who is unattractive. Although looks do matter in many countries and societies, the statistics show that they matter a lot more in the United States than in other countries.  And surprisingly, the most affected were men, and not women.</p>
<p>As for why men are more affected by the beauty premium than women, Daniel Hamernesh gives two distinct reasons.  First, men work more than women.  The BLS shows that 59% of women hold paying jobs in the workforce compared to 73% of men.  The second reason is that women in general, are paid less than men.</p>
<h2>So Looks Matter&#8230;So What Do You Do If You Are Unattractive</h2>
<p>So now that economists have established that looks in fact do matter a whole lot, what can you do if to mitigate the looks discrimination if you are unattractive?  Mr. Hamernesh suggests doing a few things.  First, he suggests that looks is only one component of what people use to judge your employment and earning potential.  Other things matter as well, including education, age, health, company size, and so on.  So the first thing you should do is that you need to make sure that you are more qualified than a more attractive competitor in those other attributes (health, education, etc).  Second, do not go into an occupation where looks matter, such as modeling, acting, or tv broadcasting.  Instead, go into field that you have a passion for and you enjoy.  Lastly, pick fields that focus on your strenghts, fields where your strengths are needed and where your strengths bring you a competitive advantage.</p>
<p>What about plastic surgery?  According to Daniel Hamernesh, plastic surgery is not a good investment as, statistically, it pays back less than $1 for each $1 spent.  This is because plastic surgery to fix one part of the face will only bring minor improvements.<br />
</p>
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		<item>
		<title>The Future Of Freelancing</title>
		<link>https://financeandcareer.com/career/the-future-of-freelancing/</link>
		
		<dc:creator><![CDATA[Finance&#38;Career]]></dc:creator>
		<pubDate>Sat, 25 Jan 2014 01:01:10 +0000</pubDate>
				<category><![CDATA[Career]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[college]]></category>
		<category><![CDATA[computer programming]]></category>
		<category><![CDATA[freelancing]]></category>
		<category><![CDATA[job]]></category>
		<category><![CDATA[odesk]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[writing]]></category>
		<guid isPermaLink="false">http://smartfinance101.com/?p=821</guid>

					<description><![CDATA[A quick scroll through any “Economy” section of the online news or newspaper will reveal that the job market isn’t so hot at the moment. Or you could just check your wallet and find out the same thing. People live in fear of losing their jobs, or in a constant state of panic over how&#8230;]]></description>
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A quick scroll through any “Economy” section of the online news or newspaper will reveal that the job market isn’t so hot at the moment. Or you could just check your wallet and find out the same thing. People live in fear of losing their <a title="Highest Paying Jobs in the US" href="http://financeandcareer.com/highest-paying-jobs-in-the-us/" data-wpel-link="internal">jobs</a>, or in a constant state of panic over how they will manage to stretch their paycheck once again.  This bleak outlook is compounded by the infuriating fact that many of us in this situation have hard earned <a title="The 10 College Majors With The Lowest Unemployment Rates" href="http://financeandcareer.com/10-college-majors-with-the-lowest-unemployment-rates/" data-wpel-link="internal">college degrees</a>, as well as mountains of unforgivable student loan debt. It’s clear why many of us are looking for alternative (and supplemental) ways to earn money.<span id="more-972"></span></p>
<p>Enter freelancing, the practice of working independently for one or more clients on a temporary or semi-permanent basis. Some of the more popular areas of freelance work include <a title="Top Five Places to Learn Computer Programming Online" href="http://financeandcareer.com/top-five-places-to-learn-computer-programming-online/" data-wpel-link="internal">computer programming</a>, blog writing, web and graphic design as well as several sub categories of each. And the job pool for all of these is expanding exponentially as I type this.</p>
<p>I started freelancing almost a year ago, to supplement my teaching salary while I was working in Thailand. I use a company called <a href="http://www.odesk.com/" data-wpel-link="external" target="_blank">oDesk</a>, wherein I bid on writing projects for a variety of clients. At this point I am working almost full time (30+ hours a week) as a freelancer. I literally have to turn down requests from potential clients on a weekly basis. I could easily work 15+ hours a day, 7 days week if I so desired.</p>
<p>Freelance jobs have long been in the fields of journalism, photography, graphic design, web design, IT, data administration, coding and other technological or information related areas. Traditionally, freelancers were self-promoters, working on a job-to-job basis for newspapers (remember those?), magazines, software companies, websites and other <a title="Ten Recession Proof Businesses" href="http://financeandcareer.com/ten-recession-proof-businesses/" data-wpel-link="internal">businesses</a>. This is still the preferred method for many in the freelance business: they network to find contracts and use every avenue available to promote their work. By building a great reputation in their field, they are able to score better and better contracts and deals over time, perhaps even working permanently for one or more clients.</p>
<h2><strong>The Future is Now</strong></h2>
<p><br />
However, in recent years, there has been a new development in freelance work, which for better worse seems to be the way forward. This development is known as the bidding site. These “middle man” sites such as <a href="http://www.guru.com/" data-wpel-link="external" target="_blank">guru</a> or <a href="http://www.odesk.com/" data-wpel-link="external" target="_blank">oDesk</a> provide a forum for contractors (freelancers) to market their skills through online profiles, as well as bid on jobs posted by clients. Sounds great in theory, and it can be (hey, it works for me) but some freelance veterans say that these sites could signal some gloom and doom for their career prospects`.</p>
<p>In researching for this article, and in my day to day navigation through the freelance world, I’m noticing some trends in freelance work. Number one; there is a ridiculous amount of work out there. Scrolling through the list of jobs in just one category on just one bidding site could keep you busy all day and then some. This can be both positive and negative. If you’ve got time, talent and motivation, taking on lots of work could be just what you need to kick start a freelance career, supplement an existing conventional job, or make some extra loot. However, lots of work means lots of freelancers (remember how everyone except the Wall Street suits is in the economic sh%t right now?), which can sometimes drive down the rates for jobs, so you can end up either losing out on a contract to a cheaper contractor, or finding it difficult to get the rates you’d like, again because someone else can do it for less. This is especially true when you are competing for jobs with someone in the developing world, who can do your job for a fraction of the price because their cost of living is lower. Hello, globalization.</p>
<p>Some experts and veterans in the freelance world have said that while these outsourcing situations may seem like death knells, there are ways to keep your work valuable and relevant in the online freelance job universe. If you promote yourself, without a bidding or intermediary site, you will just need to network even harder, stay hungry and fight for the work and the rates you deserve. Rest assured, once you are established and getting great feedback from happy clients, you will see that it isn’t so difficult to negotiate a livable wage, particularly when a client sees that paying you, an expert, to do something right the first time for a bit more is always more advantageous than paying a few people a fraction of the cost, to screw up again and again.</p>
<p>If you do use a bidding site, the principle is pretty much the same. When I first started freelancing, I took a few very low paying contracts that I knew I could bang out quickly, in order to build my reputation and my feedback scores. Since then I have more than doubled my rate, and I can be much more selective with the jobs I bid on. Truth be told, the last 3 or 4 contracts I’ve had, the client has requested me for the job, and I haven’t even had to apply or bid. And nearly all of my clients have granted me rate and hourly increases without me even asking. So doing a great job for a bit less in the first few weeks or months can pay off. But, don’t do it forever. Take the time to sift through the thousands of bids to find those that are right for you. Keep in mind your monthly budget, and how much you need to earn in order to live (and to save), and only apply for the contracts that can get you there, while also satisfying your professional objectives. Keeping up with the changes in freelancing for the future requires hard work, but we’re used to that. It also requires one more thing.</p>
<h2><strong>Technology and Freelancing</strong></h2>
<p><br />
I love the romantic notion of a fiercely independent photojournalist, braving the war zones of Eastern Europe or the seedy corners of New York City, camera and notepad in hand, looking for a scoop, arguing with her editor and spending her freelance pay on cheap men, booze and pantyhose. But it’s just not like that anymore (*sigh*). Today, freelancers need to be connected (high speed connected), mobile, and versatile. And considering the types of freelance work that are gaining the most momentum these days, it’s easy to see why.</p>
<p>One more essential we will need in order to reap the benefits of the freelance explosion is technological literacy, in a major way. At the very least, established and prospective freelancers should make sure they are up to date (within the last few years) with all computer technology related to their line of work. For example, in order to be successful at what I do I need a high speed internet connection at least every other day, if not every day. I had to teach myself Blogger and WordPress, as well as several different website development programs, in addition to the joys of SEO writing, and the many thrilling aspects of Microsoft Office. And I’ve got to keep an eye out for any changes in these programs over the next year or so and make sure I learn those too.</p>
<p>If you’ve got high level tech skills, such as design or programming, then things are looking really good for you on the freelance front. About half the jobs advertised on bidding sites at the moment are tech related. Might not be a bad idea to learn some more technical skills either, if you want to make yourself even more marketable.</p>
<p>Freelancing is rapidly gaining popularity, both from the perspective of clients (“employers”) and freelance contractors themselves. The old corporate structures are gradually disintegrating, leaving room for independent contractors to fill the slots once held together by massive HR departments. Many employers now find it more appealing and more affordable to pay a few freelancers to handle assignments rather than set up an entire business. A person starting their own online company or their own small business in the real world can save a ton on overheads by doing most of the work themselves and hiring a few temporary freelancers to do things like accounting, research or database administration.</p>
<p>As technology advances to make connections across the county and the globe at lightning speed, more and more of us will have the option of freelancing if we have the right skills and personality. Freelancers will also need to adapt to technological advancements, keep up with new skills, programs and applications, and market themselves ferociously to be relevant in the exploding freelance market. But there will always be work, so don’t worry too much.</p>
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		<item>
		<title>How to Deal with Difficult Coworkers</title>
		<link>https://financeandcareer.com/career/how-to-deal-with-difficult-coworkers/</link>
		
		<dc:creator><![CDATA[Finance&#38;Career]]></dc:creator>
		<pubDate>Wed, 22 Jan 2014 06:58:30 +0000</pubDate>
				<category><![CDATA[Career]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[coworkers]]></category>
		<category><![CDATA[job]]></category>
		<guid isPermaLink="false">http://smartfinance101.com/?p=736</guid>

					<description><![CDATA[One of the most dreadful things you deal with on a daily basis if you work a 9 to 5 is difficult coworkers.  What is most frustrating is that you have plenty of things you would like to say to them&#8212;but you can’t&#8212;because it is a professional environment.  Well, the good news is that telling&#8230;]]></description>
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One of the most dreadful things you deal with on a daily basis if you work a 9 to 5 is difficult coworkers.  What is most frustrating is that you have plenty of things you would like to say to them&#8212;but you can’t&#8212;because it is a professional environment.  Well, the good news is that telling them off and letting them have a piece of your mind up isn&#8217;t the only way to deal with difficult coworkers.  Here are some additional things you can do to keep your difficult coworker at bay.<br />
<span id="more-736"></span></p>
<p>1. Be assertive yet tactful.  People are difficult because they others put up with their demeanor.  To stop difficult coworkers in their tracks, make sure to be assertive when dealing with them.  If you oppose their opinion on a project, make sure to make it firm opposition.  They may try to persuade you to give in by being difficult.  But you have to stand your ground.</p>
<p>2. Clearly explain your rationale.  When you have good reason, people are more apt to listen to you.  Furthermore, if your opinion is backed up with hard facts, then it cannot be argued against.</p>
<p>3. Know where the other person is coming from.  People always seek to be understood, no matter who they are.  Some people assert their authority in an attempt to be understood.  However, if you actively seek to understand them, you lessen their authoritativeness because they have less of a need to be understood.</p>
<p>4. On the flip side, try to get the other person to know where you are coming from.  There was a <a href="http://www.spring.org.uk/2012/05/how-to-encourage-people-to-change-their-own-minds.php" data-wpel-link="external" target="_blank">blog post by Psyblog</a> the other day on the psychology of changing people’s minds.  People change their minds most often when they can rationalize it.  If they are able to see from your point of view, they are more likely to rationalize your actions and in turn see where you are coming from and how you reach your point of view.  To get them to see things from your point of view, you can simply say things such as “Hey, is it okay if we flip the script a little bit?  Let us put aside our attitudes and see things from each other’s point of view.”  Then once you get them to see your point of view, you can ask questions to drive home your point, such as “what would you do if you were in my position” or “wouldn’t you have done the same thing” or “would you have felt the same way?”<br />
<br />
5. Be composed.  When you are calm and composed, you are able to be more rational and logical.  Additionally, those who are calm are seen by others to be in the right.  Think about arguments you have seen in the past.  Have you sided with the person that is calm or did you side with the person who was angry?  If anything, being calm makes the other person look quite bad for being belligerent and antagonistic.</p>
<p>6. You must address the problem by all means.  If a difficult coworker is left unaddressed, the working environment usually gets worse for you.  From my experience, difficult people are a bit sensitive when it comes to critique or criticism.  You must confront them delicately.  When approaching them, be calm and let them tell their side of the story as well as you tell yours.  It is important that both sides know where the other person is coming from&#8212;even if the problem remains unsolved.</p>
<p>7. Address the problem publicly, vis-à-vis jokes and sarcasm.  This is an extremely risky maneuver and might actually make them more difficult by angering them.  However, if done right, your difficult coworker will think twice next time they try to be difficult&#8212;because they will not want to be embarrassed in public, again.  Remember though, this is a risky tactic and you may be asking for a more difficult ongoing relationship as a result.</p>
<p><a href="http://financeandcareer.com/wp-content/uploads/2012/05/difficult-coworkers.jpg" data-wpel-link="internal"><img decoding="async" class="alignnone size-medium wp-image-1687" alt="Man versus woman." src="http://financeandcareer.com/wp-content/uploads/2012/05/difficult-coworkers-300x300.jpg" width="300" height="300" srcset="https://financeandcareer.com/wp-content/uploads/2012/05/difficult-coworkers-300x300.jpg 300w, https://financeandcareer.com/wp-content/uploads/2012/05/difficult-coworkers-150x150.jpg 150w, https://financeandcareer.com/wp-content/uploads/2012/05/difficult-coworkers-170x170.jpg 170w, https://financeandcareer.com/wp-content/uploads/2012/05/difficult-coworkers.jpg 400w" sizes="(max-width: 300px) 100vw, 300px" /></a></p>
<p>8. Try limiting your communication with the difficult cohort if all else fails.  Don&#8217;t say greet them when walking by.  Don&#8217;t acknowledge them.  Only answer questions that are related to work&#8212;and answer them in the utmost professional manner.  Make it very clear that you do not want anything to do with them. This accomplishes two things.  One, it show your difficult coworker that you are not fond of them&#8212;at all.   Two, it shows the person in question that you are not someone to mess around with.<br />
</p>
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		<item>
		<title>Tips on Writing a Better Resume</title>
		<link>https://financeandcareer.com/career/tips-on-writing-a-better-resume/</link>
		
		<dc:creator><![CDATA[Finance&#38;Career]]></dc:creator>
		<pubDate>Mon, 05 Aug 2013 09:25:17 +0000</pubDate>
				<category><![CDATA[Career]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[cover letter]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[resume]]></category>
		<guid isPermaLink="false">http://smartfinance101.com/?p=127</guid>

					<description><![CDATA[Your resume is the first impression that many employers get of you. Particularly if you are applying for a job online, which more and more people are, your resume is the only thing an employer has to judge your fit for a job before any initial interviews. At the very least, make sure that your&#8230;]]></description>
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Your resume is the first impression that many employers get of you. Particularly if you are applying for a job online, which more and more people are, your resume is the only thing an employer has to judge your fit for a job before any initial interviews.<span id="more-127"></span><br />
At the very least, make sure that your one page resume fits the following basic criteria:</p>
<p>&#8211; Accurate contact information</p>
<p>&#8211; Clear <a href="http://financeandcareer.com/category/career/" data-wpel-link="internal">career</a> objective</p>
<p>&#8211; <a href="http://financeandcareer.com/category/education/" data-wpel-link="internal">Education</a> and work history</p>
<p>&#8211; Skills relevant to the <a href="http://financeandcareer.com/category/career/" data-wpel-link="internal">career</a> you want<!--more--></p>
<p>Ok, have you got all of the basics? Great. Now, you look just like everyone else, and your resume probably won’t pop out to a potential employer as anything special. The job market is fierce. You need to set yourself apart, and show future employers that you are the best person for the job. Your resume can be the first step in doing that.</p>
<h2>The Importance of the Objective</h2>
<p>Make your objective unique. Use powerful words that show you know what you are talking about. Get to the point, and eliminate any non essential phrases or information that don’t help your career case. Bits of information on resumes do not need to be in complete sentences. You can even use lists or bullet points. When an employer scans a resume, he or she is looking for relevant words and phrases that not only match the job description, but also tell at a glance whether or not you could do the job.</p>
<h2>Writing and Formatting Your Resume</h2>
<p>Your resume is not your doctoral thesis on Shakespearean sonnets. Write in clear and plain English.</p>
<p>Here a good example of plain English on a resume:</p>
<table border="1" cellpadding="0">
<tbody>
<tr>
<td valign="top"><span style="text-decoration: underline;"><strong><em>Bulky Phrase</em></strong><strong></strong></span></td>
<td valign="top"><span style="text-decoration: underline;"><strong><em>Better Iteration</em></strong></span><strong></strong></td>
</tr>
<tr>
<td valign="top">Effected the solution of</td>
<td valign="top">Solved</td>
</tr>
<tr>
<td valign="top">Engaged in the operation of</td>
<td valign="top">Operated</td>
</tr>
<tr>
<td valign="top">Offered assistance in the facilitation   of</td>
<td valign="top">Helped facilitate</td>
</tr>
</tbody>
</table>
<p>Don’t be afraid to highlight  your accomplishments, as long as the information is truthful. You can even make your resume more noticeable by using eye catching fonts and designs. But don’t go overboard, unless the job you applying for is “Las Vegas Stage Show Set Designer.”<br />
<br />
Do not use “I” in your resume<span style="text-decoration: underline;">.</span> You can save this for your interview. Just use the past simple verb, with no pronoun. We already know whose resume we’re looking at.</p>
<p><strong>Example:</strong></p>
<p><span style="text-decoration: line-through;">I used clear and frequent communication to quantify my client’s administrative needs.</span></p>
<p>Communicated frequently with clients to assess administrative needs.</p>
<p>One thing often missing in many resumes is the practice of parallel construction. If you haven’t thought about grammar since grade school, here’s a reminder. Parallel construction uses phrases that parallel each other (going in the same direction, like parallel lines).</p>
<p><strong>Bad example:</strong></p>
<p><span style="text-decoration: line-through;">She got up, brushing her teeth and made the bed. </span></p>
<p>We’d never say or write this, because the verbs are in different tenses. We all know this instinctively, even if we don’t remember the grammar rules.</p>
<p><strong>Good example:</strong></p>
<p>She got up, brushed her teeth, and made the bed.</p>
<p>Excellent, all of the verbs are in the past simple tense.</p>
<p>It’s not that employers are checking your resume for correct grammar. It’s just that incorrect grammar makes you sound stupid.</p>
<p>On a resume, parallel construction would look like this:</p>
<p><strong>Developed </strong>office communication procedures, <strong>facilitated </strong>team meetings, and <strong>assessed </strong>overall employee satisfaction.</p>
<p>Here’s another great piece of resume advice:</p>
<p>Describe your past work experience in terms of the job you now want to have. I’m not suggesting you lie. If you were an Ice Cream Scooper last summer, you can’t say you were a Food Science Engineer.</p>
<p>Instead, pick the things you’ve already done in a previous job, and put them in relation to the jobs you’re applying for.</p>
<p>Some good examples include:</p>
<table width="560" border="1" cellpadding="0">
<tbody>
<tr>
<td valign="top" width="49%"><span style="text-decoration: underline;"><strong>Before Resume:</strong></span><br />
Accounting / Recordkeeping<br />
Administrative<br />
Computer Skills</td>
<td valign="top" width="49%"><span style="text-decoration: underline;"><strong>After Resume:</strong></span><br />
Management of A/R and A/P Accounts<br />
Computerized Accounting Applications<br />
Departmental Administration / Recordkeeping</td>
</tr>
</tbody>
</table>
<h2>Importance of a Unique Resume</h2>
<p><br />
Finally, take the time to modify your resume for each position you’re applying for. See what skills will best fit each one, and perhaps highlight or give more “face time” to these. It only takes a few minutes of word processing, and you can even save different versions of your resumes to use for different applications. For example, I have one resume for teaching, one for writing and editing, and another for the hospitality industry. Most of the content is the same, but I’ve cut or added jobs, skills and phrases to make each one the most marketable in each specific field. And don’t forget to update your resume frequently to include new positions or skills learned. If you do this on a regular basis it won’t be such a big task next time you start looking for a new job.</p>
<p>My friends and colleagues frequently ask me to proofread their resumes, since I have experience in editing and academic writing. Find a wordsmith in your group of friends, or someone at work or in class who has experience with writing and editing, and ask them to have a look at your resume as well.</p>
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		<title>Getting Started Freelancing</title>
		<link>https://financeandcareer.com/career/getting-started-freelancing/</link>
		
		<dc:creator><![CDATA[Finance&#38;Career]]></dc:creator>
		<pubDate>Sun, 01 Apr 2012 08:59:25 +0000</pubDate>
				<category><![CDATA[Career]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[freelancing]]></category>
		<category><![CDATA[job]]></category>
		<category><![CDATA[odesk]]></category>
		<guid isPermaLink="false">http://smartfinance101.com/?p=117</guid>

					<description><![CDATA[One serendipitous conversation in the teachers’ room at my school got me into freelance work. Now I work as an independent contractor on a site called oDesk. For hourly jobs, I use an application that tracks the time I work, and I get paid automatically each week. For jobs with a fixed price, say 10&#8230;]]></description>
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One serendipitous conversation in the teachers’ room at my school got me into freelance work. Now I work as an independent contractor on a site called <a href="http://www.odesk.com/" data-wpel-link="external" target="_blank">oDesk</a><span style="text-decoration: underline;">.</span> For hourly jobs, I use an application that tracks the time I work, and I get paid automatically each week. For jobs with a fixed price, say 10 articles for $50, I get paid upon completion of the job. So far my experience with freelance work has been a dream. I spend 4 to 5 hours each day “at work,” and still have plenty of time to sightsee, visit with friends and relax while on the road. I can even create a “weekend” for myself anywhere in the week.<span id="more-969"></span></p>
<p>Of course, freelancing can be done from anywhere in the world. And you don’t have to pack up everything and flee the country like I did.  Freelancing can even be used to supplement a full time job that doesn’t pay enough. Many who freelance full time now made a gradual transition out of their old job and into their new freelancing career, all the while saving up their extra earnings.</p>
<p>Freelance work is often also called contract work, as you work on independent contracts, sometimes for a variety of employers. Right now, I have three hourly contracts and two fixed price contracts. That’s enough to keep me busy all week. My hourly rate has more than doubled since I started. Once you receive excellent feedback upon successful completion, you can also start to ask for more money. But you’ve often got to pay your dues by taking smaller jobs or lower rates until you build your freelance rep.</p>
<p>Financially, freelancing pays more than enough to support my lifestyle in the developing world. And, the more you work and successfully complete your assignments, the more money you can expect to earn.<br />
<br />
At first you may not even know that you have valuable skills to offer to freelance employers. Take a moment to think about your marketable skills:</p>
<p>-Do you have experience with computer software or programming?</p>
<p>There are many freelance jobs that deal with writing codes or designing software.</p>
<p>-Do you have experience with writing and/ or research?</p>
<p>You could work as a writer for an educational, travel or business website, as well as assisting academics in their research.</p>
<p>-Are you proficient with Microsoft programs, such as Word, Excel or Access? Do you have experience with database administration or maintenance?</p>
<p>Data entry jobs abound in the freelance world. Knowing your way around Excel or Access can give you a great advantage. Databases can often be accessed remotely, and there are many companies looking for database administrators.</p>
<p>Have you done graphic or web design before?</p>
<p>Business, travel, health and financial websites are just a few of the areas you could use these skills.</p>
<p>-Do you speak, read and write a language other than English?</p>
<p>You could be a translator, or an online or in person tutor.</p>
<p>-Do you have skills with photography, Photoshop, or architectural design?</p>
<p>You could take on photography assignments for journalistic purposes, or sell your photos to websites. Engineering and architectural forms can always use freelance drafts people.</p>
<p>-Are you a math whiz?</p>
<p>-Business and accounting skills can also be marketable, as many people are looking for help with the financial side of their business, or even just some tax preparation.</p>
<p>-Do you have something to say to the world?</p>
<p>If you write a blog for a hobby, think about getting paid to write online.</p>
<p>Contract work and freelancing can also teach you new skills. Before I started freelancing, I knew about academic research and was fairly proficient with Microsoft programs. But I had to learn about posting blogs, creating hyperlinks, SEO and BMR writing, and editing and designing web pages, and I’m so glad that I did!</p>
<p>Freelancing for several employers might even put you in a good position for finding a new job doing what you love, if an employer decides to take you for full time work.</p>
<p>If you don’t find work on a “middle man” site such as <a href="http://www.odesk.com/" data-wpel-link="external" target="_blank">oDesk</a><span style="text-decoration: underline;">, </span>you’ll have to start marketing yourself and networking. This can be as easy as having a business card or website made up. Make sure that whichever you choose, you clearly describe your skills and some of your relevant past work experience. Talk to other freelancers too, and see if they have any good ideas for getting your foot in the door. They might even know an employer who’s looking for more staff. Referrals are a very common employment tool freelancers use to find more work.<br />
<br />
How do you know what to charge for your time and skills? Your freelance rate will vary according to the nature of the work and your client’s budget. Be realistic about the time the job will take, and set a reasonable rate, but don’t go too low. Negotiation is part of the game. Be generous with time estimates; if you finish before the deadline, your employer will be even happier to pay you.</p>
<p>Most independent contractors have to handle their own finance, which means billing, collecting and doing your taxes properly. You will have a <span style="text-decoration: underline;"><a href="http://www.wisegeek.com/what-is-a-1099-form.htm" data-wpel-link="external" target="_blank">1099</a></span> form (the freelancer’s version of a W-2) to work from. Experience will help you create your own system for following up with clients, but don’t be afraid to do some research on proper tax filing either.</p>
<p>Some experts suggest that you open an account where you hold the taxes you have withheld for yourself from your freelance work, then just use it to pay your taxes when the time comes.</p>
<p>Communication is the key.  As a rule, freelancers work with a variety of clientele, each with different communication styles. Ask for clarification on anything you’re not sure about. Always be crystal clear about what you will do, and expect the same from your employers. Make sure that you are available via email, Skype or phone most of the time.</p>
<p>If you are looking for work, check online frequently. There are many freelancing sites that can connect freelancers  and clients.</p>
<p>Manage your time wisely. This is especially crucial if you still have a full time job. Your freelance work should be something you can easily schedule into your work week, without burning out. Transitioning to freelancing will mean adjusting your lifestyle, as you will need to manage your own time and have self discipline to meet deadlines. You’ll also have to watch that tricky work/ life balance, so workaholics beware: just because there are 24 hours in a day doesn’t mean you should be working all of them.</p>
<p>You will enjoy a new found freedom, as you make your own hours and choose the jobs that are just right for you. The only thing left to do then is give yourself permission to love your work, and collect your pay!</p>
<p>&nbsp;</p>
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