Tips For Making the Most Out of Your Career

Finding a stable career is one thing but making the most out of it is another. Though success is different for everyone, there are plenty of things that can help you earn it. Here are a few tips to help you make the most out of your career.

Lower Your Monthly Expenses

You might find this a bit odd but keeping your monthly expenses low is something that can help you feel more successful. If what you spend each month is almost as much as you earn, the situation can feel hopeless. Even if you’re earning a high salary, having to pay out as much or more than you bring in never works. You need to look for areas where you can cut costs and save more money each month.

Invest in Continued Education

If you’re looking to grow with your current company, you should also consider continued education. Not only does it boost personal enrichment, but can also help you climb the corporate ladder. If you’re looking to return to school but are already paying on student loans, you could think about refinancing. When you roll your existing balance to new terms, it can help you save money and feel less stressed overall. It also allows you to focus on building your career, not worrying about paying off high-interest loans.

Expand Your Social Circle

Whether you’re new to the office or simply haven’t tried to engage with co-workers, doing so can make you enjoy your career even more. Even if you’re more of an introvert, connecting with co-workers can make you love you career so much more. You’ll have a common thread between the two of you, and it also gives you a feeling of belonging. It’s normal to want to connect with others, so even if you’re already happy at work, not having at least one person you connect with can be tough.

Have Realistic Expectations

It’s also important to have realistic expectations in the workplace. Far too often, people set the bar too high, which only leads to disappointment. As much as you love your job, every day might not go according to plan. You may have tight deadlines or have a day where everything seems to go wrong. Set realistic expectations for yourself and know that it’s okay to have a bad day.

Be Open to Change

It’s also important to be open to change, especially at work. You should expect some occupational stress but working with others means being able to compromise on projects and not have things your way all the time. Having an open mind allows you to see things from a different point of view without feeling slighted. It also allows you to learn new things that might not be in your wheelhouse.

Practice Effective Communication

Nothing ruins an otherwise happy work environment faster than poor communication skills. Whether it’s you or a colleague, everyone needs to focus on proper communication skills. That means letting others finish what they are saying before interjecting, not make snide comments when you hear something you don’t like, and being open to constructive criticism. Keep lines of communication by being respective and agreeing to disagree.

Student Loans Repayment – Can I Get Debt-Free More Quickly?

Almost every student these days has at least some student loan debt. Yet, all too often, graduates get a shock when they see the amount they owe once their college education is over. Having to pay back student loans can end up holding you back when it comes to furthering your career or doing the things you’ve always wanted to. It can also stop you from taking risks with your career that could further your goals.

With this in mind, tackling your repayments quickly is pretty important. In fact, it should be a top priority once you leave college. So, here is some advice about how to get debt-free more quickly. 

Consolidating Your Federal Student Loans

If you’re asking how do I pay back my student loans more quickly, the first thing to consider is consolidating your federal student loans if you have your loans at several different banks. This probably won’t apply if your loan is a more recent one, but if your classes began a few years back, consolidating your various loans could make you eligible for some student loan forgiveness programs while making it simpler to pay a single monthly payment. You’ll also get the chance to reduce your monthly payments and get an extension on your loan term. This is something that could prove to be extremely helpful if you aren’t earning as much as you’d anticipated now that you’ve graduated. 

Draw Up Your Payment Plan

Make sure that you’ve created a payment plan that will cover not only student loan debts but also any car loans and credit card debts. You should prioritize those debts based on how much interest you’re paying and any tax advantages you can gain. That means usually, you should put federal student loans at the end of the list since their interest rate is typically lower, and put private student loans higher up on your list of priorities. This will help you to focus your effort and get out of debt more rapidly.

Set Your Budget

As soon as you’ve got your first position, you’ll have to set up your budget to limit spending. This will give you more money to put towards your student loan repayments. When you are earning a steady income, you must establish a budget that is realistic and that enables you to save money while also paying off your debts. Although you may be tempted to overspend now you’re in employment, it’s important to make sacrifices now so that you can enjoy having more income later.

Find More Money

Check your budget and see where you can make any further cuts, or see if you have any items that you can sell. Any money that you make, you can put towards paying some more off those loans. Using Craigslist, Facebook Marketplace or eBay could be a good way to sell on anything you no longer want or need.

Take A Second Job

If your student loan debts are very large, taking on another job could be an effective solution. Jobs that offer tips could be a good option for helping you pay those loans off quickly, but freelancing or being a tutor could also help you earn more.

Apply For An Income-Based Repayment Program

If you’re really struggling to meet your payments, you should m make an application for an income-based repayment program. This will base how much you pay on how much you’re earning. You’ll need to make an application every year, and if your income goes up, so will the payment. Under this program, if you continually make your payments on time for thirty years, the remainder of your federal student loans will be eliminated.

Benefit From Loan Forgiveness Programs

The fastest, most effective way of paying off your student loan is to have it completely canceled. If you’re working as a teacher, you could be eligible to get your student loan debts wiped out after 5 years. If you’re working for a non-profit organization or the government, it’s possible you could qualify for similar programs. AmeriCorps and Teach For America also offer programs that help to pay off student loans. If you’re working in a rural or inner-city hospital, you may also find you’re eligible for a forgiveness program.

Take this advice, and you’ll be able to make some headway in paying off your student debt much more rapidly. Then you can begin to focus on saving for all of the other things that you need in your life.

4 Growing International Job Markets for 2020

The world has drastically changed over the past few decades. Global downturns in real estate, stocks, and trade challenge ideas of overall growth across the world. However, 2020 holds the potential for job markets to expand in certain countries that are ready to grow.

Here are some of the countries best suited to take advantage of global job market growth in 2020.

1) Thailand

Regarded as an amazing vacation destination, Thailand’s job market is growing in response to recent global trends. A 2019 report into the most popular jobs in Thailand highlighted that work in the digital sphere is guiding its current growth. With a GDP higher than Singapore, and with strong growth since 2015, this country holds promising results in 2020.

Since it announced its Thailand 4.0 policy, smaller start-ups have been encouraged, with stress being placed on high-skilled labor. Given the international outlook of cities like Bangkok, these factors combine to make the country one of the best emerging markets in Southeast Asia.

2) United Arab Emirates

In the 1970s, the United Arab Emirates rose out of the desert to become a global economic hub. Apart from having a booming real estate market, and one of the highest per capita GDP’s in the world, it also has an expansive job market. The UAE looks overseas and attracts high-skilled workers to support its rapid expansion.

Because of new urban planning, and recent large scale projects like Expo 2020, cities like Dubai keep attracting ex-pats to find work there. While known for oil, Dubai is growing other opportunities and opening the job market up. 

To get a glimpse at the opportunities Dubai has to offer, check out the best recruitment agencies in Dubai for more information.

3) Cambodia

Similar to Thailand, Cambodia is best known as a holiday spot rather than an emerging market. However in recent years, with the growth of China nearby, this country has adapted to the region’s growing economy. Instead of only casual work, Cambodia is expanding into high-skilled work.

With the increase of the IT economy and the more relaxed work-visa rules, cities like Phnom Penh and Siem Reap are gaining attention. Companies with overseas branches make it easy for employees to shift to one of the major cities, and these cities are hubs for future investments. 

4) Turkey

For over a decade, Turkey has been an emerging market by investors worldwide. Thanks to its diverse populace and labor force, Turkey is deemed one of the fastest-growing economies in the world. 

Its booming real-estate market, fast-developing gold mining industry, and location offer a number of chances for growth. Low tariffs for import business and fixed custom codes further give an advantage to overseas investors.

Although the country faced economic threats in 2019, including a devaluation of the Turkish lira, it is thought to recover by 2020 and remain an interesting opportunity for direct investment inflows. The EU has begun to invest in vital rail links that will boost Turkey’s future stability in relation to its neighbors in the region.

Last Points

According to a 2019 ILO report on global employment, there is evidence of annual growth across the world. With this said, there are still major challenges when it comes to maintaining competitive job markets around the world. 

While the countries listed above vary in legal, economic, and cultural factors, one common trend is the ability to adapt to digital work and take on high-skilled labor. We can’t say for sure what the future will bring, but economic analysts, journalists, and entrepreneurs are watching out for these four countries.