Average Millennial expects to be a millionaire and retire at 56

Average Millennial expects to be a millionaire and retire at 56Average Millennial expects to be a millionaire and retire at 56Theres no way to predict what will happen in life,but one things for sure Some Millennials have sky-high hopes for their money and careers.New research from TD Ameritrade reveals that 49% of those surveyed say they expect to reach millionaire status at some point in their lifetime (47% dont think theyll reach millionaire status at all, and 4% say they already have) and 56 is the average age that they expect to retire from the workforce.Head Solutions Group surveyed 1,519 Americans between the ages of 21 and 37.Heres what Millennials think will happenRespondents weighed in on the question, at what age did you or do you expect to complete the following life milestones for the first time, if at all? Here are six of the results (percentages may not add up to 100 due to rounding).First job in your chosen field, or field that became your career after studying/formal training average age of 25 (13% dont think it will happen not applicable to 17%)First time you move in with a serious partner average age of 26 (24% dont think it will happen)Being completely financially independent from my parents/guardians average age of 25 (19% think it wont happen)Marriage (i.e. legally) average age of 28 (25% think it wont happen)First child average age of 28 (30% think it wont happen)The highest average age was 56- which is when they expect to retire, although 28% dont expect to.JJ Kinahan, chief strategist for TD Ameritrade, commented on the research in a statement.Millennials are graduating at record rates, and its great to see that like fruchtwein previous generations of college students, young people are optimistic about the future. On average, survey respondents expect to land a job in their chosen field and be completely financially independent by age 25, he said. This is a financially optimistic group thats feeling positive about the economy, the job market and their own plans. However, they will need to develop saving and investing habits that will help them reach some pretty big goals.The research also found that while 53% of Millennials say they engaged in a salary negotiation during their most recent jobs, 47% said they did not.What Millennials are saving up forRespondents were asked what they were putting away money for (if at all). Here are the Top 5, plus a few extras.A vacation 43%Emergency fund (e.g. for home/auto repairs, unexpected bills) 39%Retirement 38%Home improvements 26%Education of my children/grandchildren 25%Bonus While 15% said they are saving up without a goal, 6% say theyre not putting any money away at all.When Millennials parents stopped funding themHeres the breakdown.When I finished high school 11%When I finished college 15%When I got my first real job 14%When I moved out of home 17%When I got married 10%When I had children 5%At another point 4%My parents have not cut me off financially/still provide s ome financial support 17%I dont know 8%

3 Ways To Get Hired Faster At Age 50+ (Part II)

3 Ways To Get Hired Faster At Age 50+ (Part II)3 Ways To Get Hired Faster At Age 50+ (Part II)Jewel, I know I need to network. I messaged at least 100 people yesterday and didnt get even one response.A jobbinnenseeker who likes to network is about as rare as a hens teeth. The mere concept of networking causes a pretty universal groan. Most people who force themselves to do it do so begrudgingly, quickly, and on the surface as if to check off the boxes.Messaging 100 people in a day is a prime indicator of checking off the boxes. There was some magical message that popped up on the Internet, and the claim was that this is THE way to get the employers attention. Except after 100 times, noting happened.Lets build on the previous step knowing whos hiring in the first place, with the next simple thing that will make your job search easier talk to real live menschenfreundlich beings.Find What You Want To Say About YouYoull do yourself the greatest service when you customize the message yo u deliver to each individual. Think of it like online dating after one email exchange, when you wake up the next day to a 7-verse poem, does it seem like the person wrote that to you? Or is it clear the person cut and pasted that to 20 prospective dates? Right. Thats how those 100 messages about your job search and your needs look to the person on the receiving end.Youre allowed and encouraged to talk about you. Take this opportunity to highlight specific knowledge you bring to the table. Heres a litmus test to know whether youre talking about specific skills ask yourself if the employer would be giving you a paycheck every 2 weeks to demonstrate those skills. Organization skills? Probably not. Sales Management. YesFind What You Want To Say About ThemThis is directly related to Part I of this series knowing whos hiring in the first place. Once you build a targeted list for yourself, let the prospective employer know that you want to be THERE specifically, and why. If youre frustrate d by sending out a lot of resumes and reaching out to a lot of people about opportunities for which your experience and education is a perfect match, dig deeper to evaluate whether youre demonstrating genuine interest. 9 times out of 10, an employer will hire a candidate whos interested and passionate (not fake passionate), over someone who checks off all the boxes but doesnt care that much.This is where you make the Internet be your best friend. Look up the company on Google and Twitter and find out what theyre working on today and tomorrow. Talk about that. Talk about the experience you bring to the table that can help them with whatever initiative is about to come up. Doing so puts your expertise into action that alone gives you a leg up over the competition, most of whom will only say theyre, resourceful and detail-oriented.Say It, Dont Spray ItThe person who originally posted their question at the start of this article lamented over his 100 messages yesterday. This is the pola r opposite of reaching out with thoughtfulness and intentionality. Its easy to cut and paste 100 times. However, I respectfully suggest that it is impossible to craft 100 custom messages to 100 relevant decision makers in 1 day.Job search is not the numbers game most people think it is. Instead of firing off 100 messages, write 10 with custom wording about why youre interested in that particular organization, and identify 10 of the right people to send them to. Thats what takes your networking from not working to yes, youre working now.Do you want to see a demonstration of an example of exactly what to say to people? Find out the exact language to use in our free webinar, How To Get Hired In Half The Time. Its all laid out for you take your screenshots, copy it down, and use it so you can start to get the responses you need in as little as 24-48 hours. Register here today to learn exactly how to do this.

The Best Strategies for Writing an Effective Resume Summary

The Best Strategies for Writing an Effective Resume SummaryThe Best Strategies for Writing an Effective Resume SummaryHow do you describe years of work history in three to four sentences in your resume and LinkedIn profile? It is a daunting task that many professionals dread with good reason. It is a challenge to summarize who you are as a business professional. It is even mora daunting when you factor in that the best summaries are written with a specific job in mind so that it is relevant to a future hiring manager. The good news is that there are strategies you can use to simplify the process and increase the effectiveness of your summary. Here are some tips to help.See 8 Ways Millennials Can Build Leadership Skills.Ask at least three managers and co-workers what they think is the top way you make an impact at work. This is the best place to start because most of us do not have a clear sense of how others view us. An additional benefit is that this strategy helps with writers blo ck. It also aids the modest employee who struggles with talking about his best traits (or is too hard on himself to recognize his value). It also benefits newer-to-career professionals who may not have a developed understanding of how to assess their value at work. A younger employee may think she is best known for being the smartest in the room, but her team and manager may appreciate her willingness to research and suggest innovative ideas that break with convention.It is also important to ask at least three people. One viewpoint is great but it may be isolated or limited. Your summary will be viewed by many people when you are job seeking, so having a well-rounded perspective is more likely to best represent you and perform better with a larger audience.Ask a few of your long-term friends and family members what they think are your best traits or what you are known for. These could be things like you are the glue that holds people together. Or, you could be the calm in a storm, or the voice of reason. These observations are likely to show soft skills that have been developed over time and are likely to come most naturally to you. Again, the answers may surprise you but be open to the observations and think about how they apply in a work setting. In other words, how does your ability to be the calm in a storm add value to a future employer? How have you used that strength professionally to accomplish more, exceed standards, create a motivating environment, et cetera?See The 8 Stages of a Winning Job Search.Your third step is to find at least three job descriptions of roles in which you are both qualified and interested. Note commonalities among the positions what traits, skills, experience or accomplishments are requested? This is called target role deconstruction. You are analyzing the requested components and descriptions to determine what in your background is relevant and desired. Make a list of requirements in priority order and highlight the top thr ee to four.Now, compare your list of what is requested to what has been said about you. Use your judgment to decide what truly reflects your impact and value and is also in demand for your future target role. The best summaries marry what the market demands with what you uniquely do best. If you excel in something that is not in demand, that experience or qualification should not take up space in your summary.Required technical skills versus bigger picture impact. It is also helpful to distinguish between more sophisticated skills that make an impact versus technical requirements. For example, an accountant job description may require a CPA, knowledge of Excel, analytical ability, superior communication skills, detail orientation and industry knowledge in the tech sector. The technical requirements (the CPA certification and Excel knowledge) are likely to be seen in your title, education or a list of skills. There is no need to use up lines in your summary to restate these things u nless you have none of the other requirements. Instead, illustrate your superior communication skills and detail orientation by providing the specifics, such as you frequently compiled reports and presented detailed recommendations to senior executives and earned the highest marks in your wertzuwachs review. These accomplishments are both unique to you and in demand. Great summary statements show strengths and often can be validated, as in a performance review. This level of detail and evidence is superior to simply writing that you are Analytical and detail-oriented with superior communication skills.See Famous CEOs and Executives Share Their Best Career Advice.A final note about the voice of a summary It is not written in first person in a resume. Resumes are considered formal documents and should not use I, me, my. Instead, your summary is written as if someone was introducing you before a speech without ever saying your name. For example, absatzwirtschaft executive known for in novative and effective digital strategies poised to grow a startup team. Be sure to keep it in the same verb tense and watch for overused buzzwords that may minimize its value. Keep it to three to four sentences, as anything longer waters down its impact and may cause it to not be read at all.Summary writing is a challenge. After all, how can a few sentences truly do justice to years of work experience? Keep in mind that the purpose of a summary is to truthfully entice a reader to stop to look at your resume in more depth. It is an attention management tool. Unique, relevant, concise and easy to understand summaries are the most effective introductions into a resume.