Transition Planning
What does the SMART goal acronym stand for?
Specific
Measurable
Achievable
Relevant
Time-Bound
What is a popular type of retirement account?
401(k), Roth 401(k), Roth IRA
What is compound interest?
The mechanism investing relies upon to generate your money. When investments earn returns, that additional money is reinvested, leading to exponential growth over the long term. The earlier you save for retirement, the less you’ll need to save each month and contribute overall.
How long after graduation can you continue to meet with the Center for Career Development?
Three years
What's the difference between short- and long-term stress management strategies?
Short-term: manage the symptoms of stress
Long-term: address the source of stress
What is the career readiness competency employers value most?
Critical Thinking
What is the 50/30/20 rule?
Allocate after-tax income:
50% needs
30% wants
20% savings and debt repayment
What's the difference between gross and net income?
Gross income: All income
Net income: Take-home pay after tax withholdings and deductions
Name three examples of appointment topics you can discuss with the Center for Career Development.
General Career Coaching (e.g., career exploration, job search, negotiation, grad school apps)
Document Critiques (i.e., résumé, cover letter, personal statement; LinkedIn)
Practice Interview
What is an example of a long-term stress-management strategy?
Problem-solving strategies or
Cognitive strategies (e.g., cognitive restructuring)
What are the eight career readiness competencies?
Career & Self-Development
Communication
Critical Thinking
Equity & Inclusion
Leadership
Professionalism
Teamwork
Technology
What is ESG Investing?
Investing based on Environmental, Social, and Governance factors instead of strictly financial factors.
Also called Socially Responsible Investing (SRI), Ethical Investing, and Sustainable Investing.
When and where can you obtain a free credit report?
Entitled to one report from each of the three bureaus every year
Obtain at AnnualCreditReport.com
What are the three work orientations?
Job, Career, and Calling
What does it mean to "complete the stress cycle"?
Address the symptoms of stress by allowing your body to physiologically complete the fight or flight response
What are the three main components of an elevator pitch?
1. Introduce yourself
2. Describe experience to demonstrate skill
3. Ask a question
What are the two common methods for paying of debt?
Snowball method: Start with lowest balance and work to highest balance
Avalanche/high-rate method: Start with highest interest rate and work to lowest rate
What are three common categories of pre-tax benefits offered by employers?
Health, Transportation, and Retirement
What are the four kinds of workplaces?
Company as community
Not just a company, a cause
Constellation of stars
Small is beautiful
What are the eight dimensions of wellness?
Emotional
Environmental
Financial
Intellectual
Physical
Occupational
Social
Spiritual
How does Jan Stassen define values?
"situation independent decision helpers"
How is a credit score calculated?
Payment history (35%)
Credit usage (30%)
Length of credit history (15%)
Credit mix (10%)
New credit inquiries (10%)
What's the difference between a mutual fund and an index fund?
Mutual fund: actively managed by a professional trying to beat the market; charges higher fees
Index fund: passively managed by an algorithm trying to match the market; charges lower fees; typically performs better
What are the six components of a great corporate culture?
Vision & mission
Values & practice
People
Narrative
Place
Language
What are the four broad signs and symptoms of stress?
Physical
Behavioral
Mental
Emotional