Career (and Life) Reading
Summer is a great time to start a job or work an internship. Summer is a great time to do something other than work a job or internship. Summer is also a great time to read.
This week, we’ve compiled reading material that covers both topics are that are explicitly career-related and those just generally relevant to recent and soon-to-be grads. The first part features a book recommendation from both Career Services members, followed by a list of online outlets putting out useful content.
Career Services’ favorite books
Dean’s choice: First Job First Paycheck: how to get the most out of both…without help from your parents by Jeff Lehman
Jeff Lehman is the Founder and CEO of his own holding company, and sits on the Board of Advisors for the Foster School’s Professional Sales Program. His book focuses on personal finances and navigating the professional landscape, with an eye toward recent graduates.
First Job First Paycheck is a good read for young professionals that covers everything from getting your first job or internship, to managing money and making smart financial decisions. The first sections of the book cover general information on job searching, networking, and setting goals, which is most applicable to current juniors, seniors, and first-year master’s students.
I found the most value in section three, which gives practical examples on money management. Author Jeff Lehman discusses the importance of your FICO score and building credit, saving for retirement via 401(k) and Roth IRAs (and other options), and gives example budgets and suggestions on how to create them. He also makes practical suggestions on how to protect your assets, such as using renters insurance, which can be as cheap as $10/month but protect you from the cost of replacing your personal property due to theft, fire, vandalism, or flooding.
While one of the chapters in the section (“20 ways real life can impact your financial life”) covers some obvious decisions to avoid, such as drinking or texting while driving, Lehman also brings light to common financial mishaps people make when they are shopping for engagement rings, homes and mortgages, and having kids. Continue reading