Interviewing
How early should you be?
At least 15 min
You should never…
Put the first offer in the table
A payment card that allows users to buy goods/services on borrowed money
A Budget is…
A plan for spending & investing money
Something you control
Profit from selling investments at a higher price is called…
Capital Gain
It’s okay to show up in a regular day outfit
False, you should try to dress up professionally
Don’t negotiate when…
1. Chances of losing everything 2. Low inventory 3. Not ready
It’s always good to get a card w/a high limit
False, try to use a card that has lower interest rates
Things you must have to survive & things you can LIVE without are known as…
Needs vs Wants
Risk is defined as…
The chance that an investment will decrease in value
Ask for the pay range right away, looking uninterested & list qualities not related to the job
What should you not do?
Jason & James were trying to negotiate but they both wanted to get a positive outcome off of it & so then they decided to talk things out & ended up…
Compromising
The difference between Major & Minor cards is…
Major- Bank cards- Can use almost everywhere
Minor- Store cards- Can only use at 1 store or gas station
Fixed expenses should always be payed 2nd
False, they should always be payed 1st
Flexible expenses are paid 2nd
Return is…
The income you earn on an investment
At the end of an interview you should AlWAYS…
Ask questions
Target Point, BATNA, & Reservations Point are…
The key negotiation principles
Mention some advantages & disadvantages of having a credit card
Advantages- Reduced need for cash, Establishes credit, Temporary expansion of income
Disadvantages- Interest/Finance Charges, Can lead to overspending, Can give you bad credit rating, College students are charged higher interest rates
How can you set up a budget?
Figure Net Pay, Net income, & Expenses
Eliminate risk by…
Investing in different businesses that have a diversity level of risk
When meeting the interviewer you should…
Greet w/a firm handshake, take a seat &sit up straight, keep eye contact, bring resume w/cover letter
BATNA stands for…
Best Alternative To A Negotiated Agreement
Truth in lending (1968), Equal Credit Oppurtunity act (1975), Fair credit Reporting Act, Fair Credit Bailing Act , Fair Debt collection, Practices Act, & FACT Act
What are the Consumer Credit Rights?
How do you figure your Net Pay?
Find your status, income range, monthly grass income (salary/2), compute tax rate (grass monthly x tax rate), calculate state income tax (gm x 0.5), calculate FICA tax (gm x .0765), Subtract taxes (all 3) from monthly gross income
1. Find your initial investment 2. Find the total amount of your return on the investment 3. Find ur rate of return—> return/initial investment
How do you calculate ur return?