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Careers and income

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by

Ashlee White

on 25 June 2014

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Transcript of Careers and income

Glossary

Personal interests

Skills

People skills

Experience

Personality

Life goals and work values



Different types of careers
The keys
to success

Thank you!
A career is the sequence and variety of occupations (paid and unpaid) which one undertakes throughout a lifetime. More broadly, career includes life roles, leisure activities, learning and work.
What determines success?
In today's world the term success usually means a variety of things, but the most common answer to this question is a person's career and income.

Choose a career that is something you enjoy doing.

Do your research about the career and choose carefully and thoughtfully.

Make it meaningful to you.

Look into a variety of careers and majors.

Do internships and ask questions.

Seek advice from people in your potential career.

Don't be afraid to try something "hard" or new.

Listen to your heart.


Factors to consider when choosing a career

Degrees:
Surgeon

Engineer

Accountant

Dentist

Teacher













Politician

Lineman

Director

Lawyer
Certification:

NFL player

NBA player

Salesman
No degree:

Housekeeper



Artist



Waitress
Truck driver

Carpenter

Assistant


Welder

Electrician

Mechanic

Dietitian

Massage therapist

Pilot


Self employment status
Self employment is the act of generating ones income directly from customers, clients or other organizations, as opposed to being an employee of a business.
Advantages and disadvantages of being self employed
Advantages:
You are your own boss

You set your own hours

You are an independent contractor

Flexibility

Freedom
Disadvantages:
No paid vacation/holidays/sick days

No health/dental/eye insurance

No retirement plan

Your income fluctuates

Responsible for doing payroll


Why the career you choose affects your income
Your income will affect your lifestyle, which determines the type of car you drive, clothes you buy, house you live in, and all the leisure activities you enjoy.

For example, the average annual income for a surgeon is around $220,000, but they also work long, irregular hours and have very little time for family, friends, and leisure activities. It is also stressful knowing they are the sole reason whether patients may live or die.

Another example, artists do not earn much money, but they get to spend their lives doing what they love to do and have flexible working hours.

Budgets and spending plans

After you begin your career it is a good idea to start thinking about a spending plan and how to budget and balance your income. Here are some websites and tips to help you manage your money.
http://www.oklahomamoneymatters.org
Budget calculators for savings, housing, utilities, etc.
http://www.moneymattersmakeitcount.com
Savings/investments, credit/debit info, planning for college, entrepreneurship, games and tools.
http://www.okhighered.org/okpromise/
Different Oklahoma colleges to consider, college assistance, financial aid, economic development, legislative info, etc.
budget- a plan for your future spending and saving, weighing estimated income against estimated expenses

balance- the amount of money in a savings or checking account, or amount owed on a debit or credit card.

savings account- an account where money is kept for future use.

income- payment received for goods or services, including employment.




Average Annual Salaries
Engineer-
$47,907 - $87,663
Accountant-
$33,564 - $62,388
Dentist-
$72,716 - $208,696
Teacher-
$28,000 - $45,730
Lineman-
$48,718 - $133,131
Executive Director-
$39,793 - $146,325
Attorney lawyer-
$44,995 - $146,240
Dallas Cowboy player Tony Romo-
$27,773,000
OKC Thunder player- KD
$18,995,624
Degrees
Certification

Welder-
$27,291 - $93,974
Electrician-
$29,404 - $82,107
Mechanic-
$23,833 - $70,126
Massage therapist-
$17,348 - $70,312

No degree
Artist-
$35,087 - $80,819
Waitress-
$8,229 - $30,000
Truck driver-
$29,338 - $52,446
Carpenter-
$24,123 - $57,379
What is a career?
Choosing a career
Employee status: How to be an employee
em·ploy·ee

noun \im-ˌplȯ(i)-ˈē, (ˌ)em-; im-ˈplȯ(i)-ˌē, em-\ : a person who works for other person or for a company for wages or a salary

Advantages and disadvantages of being an employee
Advantages
Paid vacation/holidays/sick days

Health insurance

Retirement plan

Steady income

Daily interaction with peers

Disadvantages
Not as much freedom as self-employed individuals

Set schedule with little flexibility

Commute to work

You are not your own boss
Full transcript