Chapter 2 Finances and Career Planning Section 2.1 Planning Your Career

Choosing a Career What is the difference between a job and a career? A career is a commitment to work in a field that you find interesting and fulfilling.

Career Decision Trade-Offs Standard of living – a measure of quality of life based on the amounts and kinds of goods and services a person can buy Some pursue careers that are financial and personally fulfilling Choose a career that reflect your interests, values, and goals

Trade-offs What are some trade-offs that the book talked about when making career decisions? The more you know about your own interests, values, and goals the better career choices you can make that will balance all of them

Career Training and Skill Development Education will help you meet your financial goals. Education increases your potential earning power Read through the second paragraph on page 33.

Personal Factors What do you do best? What do you enjoy? The right fit – aptitude tests and interest inventories may not pick out the right career for you, but they can help lead you in the right direction Find a career that gives you balance

Stages of Career Planning Figure 2.1 page 35 If you choose a career and are dissatisfied with the work that you are doing, you have the option of changing to a different career. What are some ways to make sure you make a wise career choice?

External Factors and Opportunities Social influences - demographic trends and geographic trends Economic factors – interest rates, inflation, and consumer demand Industry Trends - foreign competition and the change in technology Why should you consider external influences?