1. Settle salary negotiation before sealing the deal
“You’re Hired!” is the sentence that every graduate wants to hear after an interview. Landing yourself a job right after graduation is like a dream come true for most of us. However, the last thing anyone would want to face is being underpaid. Salary increments are usually after one financial year, but it also depends on which industry you are working in. In some cases, people are afraid to negotiate their starting salary but make sure you are satisfied before sealing the deal.
(photo credit to https://www.lynda.com/Business-Skills-tutorials/Negotiating-Your-Salary/103615-2.html)
2. Be humble
A study recently found out that “humble people tend to make the most effective leaders and are most likely to be high performers in both individual and team setting.” For example, Warren Buffett who have a net worth of $46 Billion but still living in the home that he bought at $31,500 more than 50 years ago.
There are three types of humility: listen, test and admit.
Listen shows that you are open and respect suggestion given by others.
Test means that you do not assume anything and is willing to try out assumptions.
Admit literally refers to admitting mistake even though it may be a sign of weakness.
Every single factor mentioned are important to the road of success. Even though humility isn’t the best trait that leads to success, it is absolutely important in our life.
(photo credit to http://compelled-clothing.com/shop/men/t-shirts/be-humble/)
3. Never stop learning
Learning is a virtue. There’s a saying in Chinese 活到老,学到老 which means “live till a ripe old age and learn to an old age.” Learning create knowledge and knowledge creates value. Personal development is a lifelong process, in order to grow we must be learning and improving ourselves.
Starting with reading a book, we surround ourselves with educational and positive things daily, as what we read feeds our brain with new information which might come in handy someday. Knowledge acquisition also helps us with problem solving and challenges that we might experience in our daily life.
And the best thing is – We may lose our physical possessions, however our experiences and knowledge will never be taken away from us.
(photo credit to http://www.stretchtosucceed.com/2016/08/never-stop-learning-because-life-never.html)
4. Set financial goals that are achievable
Financial goals can be short-term or long term depending on our game plan, however we need to be as specific as possible for our financial goals plan. Shorter term goals are easier to achieve as you can visualize your target while long term goals require more time and more motivation.
One rule you can follow will be the 50/30/20 rule where 50% goes to your living expenses such as bills, payments and loans. While 30% goes to your wants such as entertainment purposes or good food. Lastly, the 20% will be to your financial goals such as your first car, your first apartment or even towards your dream wedding.
Setting up separate accounts for saving and spending is definitely a smart move for everyone. With the high standard of living in Singapore, it is so easy to overspend without knowing. Within the highly competitive industry, setting up separate accounts with different banks offer several privileges and discounts which makes it an even better deal
(photo credit to https://leapwithhawaiiusa.com/family-banking-guide/savings-accounts-you-need-right-now/)
5. Your personal network is crucial
Having a broad network helps to increase your chances for future opportunities. Networking includes social media platforms, phone contact lists and even working platforms such as LinkedIn. Create long lasting relationships by building connections and helping clients, friends and acquaintances can be useful one day as we never know when we need their aid.
Business is not about a one-way street. Thus, it is important to be ready to seize all kind of opportunities when they come along as we will not know when and how will they appear.
(photo credit to https://educationtechnologysolutions.com.au/2014/07/why-you-need-a-personal-learning-network/)
It is never too late to start a new journey.
For us to live life to the fullest, we must continue to look for ways to improve ourselves even if it means getting out of our comfort zone in order to progress and reach new heights of greatness.
As the old Chinese proverb goes, "The best time to plant a tree was 20 years ago. The second best time is now."