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Jsif4 personal dev feb2017

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JSIF
Personal Development Workshop
February 11, 2013

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Jsif4 personal dev feb2017

  1. 1. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 1
  2. 2. Dr. Leahcim Semaj Intl. Keynote & Motivational Speaker Above or Beyond 876-383-5627 WWW.ABOVEORBEYONDJM.COM 32/11/2017
  3. 3. JSIF - Poverty Reduction Programme PERSONAL DEVELOPMENT WORKSHOP 2016/2017 COHORT OF TERTIARY SCHOLARS 2/11/2017 WWW.ABOVEORBEYONDJM.COM 4
  4. 4. Components Self-Identity◦ Developing self-esteem and self confidence ◦ Managing social and cultural influences ◦ Self-actualization Managing Personal Finances◦ Developing a savings plan ◦ Budgeting ◦ Credit education Networking for Success 2/11/2017 WWW.ABOVEORBEYONDJM.COM 5
  5. 5. Self-Identity Developing self-esteem and self confidence Managing social and cultural influences Self-actualization 2/11/2017www.AboveorBeyondJM.COM6
  6. 6. SELF ESTEEM Definitions What is self-esteem. What self-esteem is not. Factors that influence's one’s self-esteem. What is self esteem made of? Development of self esteem. Importance of self esteem. Effects of self-esteem. Some tips on building a positive and improving your self esteem 2/11/2017 WWW.ABOVEORBEYONDJM.COM 7
  7. 7. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 8
  8. 8. DEFINITIONS • Self-concept: • Picture or perception of ourselves/ a person's mental model of his or her abilities and attributes. • Self Efficacy: • The set of beliefs that one can perform adequately in a particular situation 2/11/2017 WWW.ABOVEORBEYONDJM.COM 9
  9. 9. • Self-ideal: The way we would like to be. • Self-actualization A concept in personality psychology referring to a person's constant striving to realize his or her potential and to develop inherent talents and capabilities. • Self-awareness The top level of consciousness; cognizance of the autobiographical character of personally experienced events. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 10
  10. 10. What is self-esteem? Self Esteem: Feelings we have about ourselves. a realistic respect for or favorable impression of one self; Self respect. It is feeling good about yourself, Putting a high value on your worth, Thinking or thoughts in your head about your self and it Is different depending on circumstances and relationships. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 11
  11. 11.  Self-esteem refers to the way we see and think about ourselves 2/11/2017 WWW.ABOVEORBEYONDJM.COM 12
  12. 12. self- esteem the evaluation of one’s success in meeting set goals. The gap between how you see yourself now and your ideal self. A strong and deeply-felt belief that you as a person have value in the world. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 13
  13. 13. self esteem The way we see and think about ourselves Your opinion of yourself. High self esteem is a good opinion of yourself and low self esteem is a bad opinion of yourself. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 14
  14. 14. What Self-Esteem Is Not 1. Self Esteem is NOT dependent upon what other people think of you 2. Self Esteem is not egotism, arrogance, narcissism/selfishness, or a desire to feel superior to others 3. Self Esteem is not temporary euphoria 2/11/2017 WWW.ABOVEORBEYONDJM.COM 15
  15. 15. Factors that influence self-esteem. Family Peers, Friends Media 2/11/2017 WWW.ABOVEORBEYONDJM.COM 16
  16. 16. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 17
  17. 17. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 18
  18. 18. Factors that influence one’s self-esteem. Do others respect what you do? Do you? Do you believe you are successful? How do you see yourself? 2/11/2017 WWW.ABOVEORBEYONDJM.COM 19
  19. 19. Cont… How do you feel about your strengths and weaknesses? What do you think of your social status? How do you relate to others? Can you make your own decisions? 2/11/2017 WWW.ABOVEORBEYONDJM.COM 20
  20. 20. Self-esteem…what is it made of? Your self-esteem is made up of all the experiences and interpersonal relationships you’ve had in your life. Everyone you’ve ever met has added to or taken away from how you see yourself. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 21
  21. 21. Development of self-esteem. A person develops his/her self esteem throughout the life through experiences. In this regard childhood experiences play an important role in shaping self esteem. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 22
  22. 22. Factors that contribute to high or low self esteem HIGH SELF-ESTEEM. If you are being praised If you are listened to If you are being spoken to respectfully If you are getting attention Experiencing success Having trust worthy friends LOW SELF-ESTEEM. Experiencing Continuous Failure Being expected to perfect all the time Being Ignored or made fun of Having physical or emotional punishment Being criticized 2/11/2017 WWW.ABOVEORBEYONDJM.COM 23
  23. 23. Importance of self-esteem. Self-esteem is important because it is associated with feelings like; ◦Confidence ◦Pleasure ◦Sense of Optimism ◦Happiness 2/11/2017 WWW.ABOVEORBEYONDJM.COM 24
  24. 24. Self-esteem importance cont… Having a healthy self – esteem creates confidence, self-reliance, and overall happiness in an individual. Self esteem increases your confidence. If you have confidence you will respect yourself and then you can respect others, improve your relationships and become happier This is not a selfish goal as you will contribute more and share yourself with the world and those around you. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 25
  25. 25. Importance of self-esteem cont… Low esteem causes depression, unhappiness, insecurity and low confidence. Other's desires may take preference over yours. Inner criticism that nagging voice of disapproval inside you, causes you to stumble at every challenge and challenges seem impossible 2/11/2017 WWW.ABOVEORBEYONDJM.COM 26
  26. 26. Advantages of a good self-esteem. Good Self Esteem Leader to others Accept failure Doesn’t submit to peer pressure Is not a threat to others Believes in self Willing to try new things Appreciate life Change the bad 2/11/2017 WWW.ABOVEORBEYONDJM.COM 27
  27. 27. Effects of high self-esteem. They don’t worry about how others will judge them. They have the courage to express themselves. Their lives are enriched with each new encounter. They are nicer to be around. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 28
  28. 28. Effects of high self-esteem cont… Their ideas are met with interest because others want to hear what they have to say. They are magnets to positive opportunities! 2/11/2017 WWW.ABOVEORBEYONDJM.COM 29
  29. 29. Effects of low self-esteem. People with low self-esteem possess following characteristics: -They don’t believe in themselves. -They see themselves failing before they begin. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 30
  30. 30. Effects of low self-esteem cont… They have a hard time forgiving their mistakes and make themselves pay the price forever. -They believe they can never be as good as they should be or as others. -They are afraid to show their creativity because they will be ridiculed. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 31
  31. 31. Effects of low self-esteem cont… They are dissatisfied with their lives. -They spend most of their time alone. -They complain and criticize. -They worry about everything and do nothing. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 32
  32. 32. Self-Confident Low Self-Confidence Doing what you believe to be right, even if others mock or criticize you for it. Governing your behavior based on what other people think. Being willing to take risks and go the extra mile to achieve better things. Staying in your comfort zone, fearing failure, and so avoid taking risks. Admitting your mistakes, and learning from them. Working hard to cover up mistakes and hoping that you can fix the problem before anyone notices. Waiting for others to congratulate you on your accomplishments. Extolling your own virtues as often as possible to as many people as possible. Accepting compliments graciously. “Thanks, I really worked hard on that prospectus. I’m pleased you recognize my efforts.” Dismissing compliments offhandedly. “Oh that prospectus was nothing really, anyone could have done it.” 2/11/2017 WWW.ABOVEORBEYONDJM.COM 33
  33. 33. 7 steps to developing self-confidence 2/11/2017 WWW.ABOVEORBEYONDJM.COM 34
  34. 34. More tips on building your self-esteem.  Learn to be more assertive and not feel guilty about saying no  Think positively  Believe on your self  Make plans for the future .Set and achieve goals  Do something challenging each day  Look your best  Eat correctly  Do something for someone else  Learn a new skill 2/11/2017 WWW.ABOVEORBEYONDJM.COM 35
  35. 35. Tips on building your self-esteem cont…  Handle things one at a time  Use criticism constructively  Ask for help – take advantage of learning opportunities  Allow personal growth time each day  Do not say negative things about yourself  Reward yourself often  List your accomplishments each evening  Volunteer to share your skills with others 2/11/2017 WWW.ABOVEORBEYONDJM.COM 36
  36. 36. How to improve your self-esteem. Choose friends who value and respect you. Focus on positive aspects about yourself. Replace negative self-talk with supportive self-talk. Act in accordance with your values. Work toward accomplishments rather than perfection. Consider your mistakes learning opportunities. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 37
  37. 37. How to improve self-esteem cont… Try new activities to discover your talents. Write down your goals and the steps you will take to achieve them. Exercise regularly to feel more energized. Volunteer to help someone. Accept the things you can’t change, and focus your energy on changing the things you can. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 38
  38. 38. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 39
  39. 39. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 40
  40. 40. Remove Negative Thoughts ! 2/11/2017 WWW.ABOVEORBEYONDJM.COM 41
  41. 41. Like Yourself !! 2/11/2017 WWW.ABOVEORBEYONDJM.COM 42
  42. 42. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 43
  43. 43. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 44
  44. 44. How to improve Self Confidence 2/11/2017 WWW.ABOVEORBEYONDJM.COM 45
  45. 45. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 46
  46. 46. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 47
  47. 47. Self Actualization 2/11/2017 WWW.ABOVEORBEYONDJM.COM 48
  48. 48. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 49
  49. 49. 2/11/2017 WWW.ABOVEORBEYONDJM.COM 50
  50. 50. Managing Personal Finances Developing a savings plan Budgeting Credit education 2/11/2017www.AboveorBeyondJM.COM51
  51. 51. THE 10 IMMUTABLE LAWS of MONEY MANAGEMENT 2/11/201752 www.ABOVEorBEYONDJM.COM
  52. 52. MYTHS AND FACTS ABOUT MONEY  1. MONEY CAN’T BUY HAPPINESS  TRUE  Happiness is meaning, money can’t buy meaning 2/11/2017 53www.ABOVEorBEYONDJM.COM
  53. 53. MYTHS AND FACTS ABOUT MONEY  2. THE LOVE OF MONEY IS THE ROOT OF ALL EVIL  FALSE  The root of all evil is craving and obsession  Whatever you crave for 2/11/2017 54www.ABOVEorBEYONDJM.COM
  54. 54. MORE MYTHS AND FACTS ABOUT MONEY  3. MONEY MAKES THE WORLD GO ROUND  TRUE  But desire really makes the world go round  money is just desire’s way of organizing itself 2/11/2017 55www.ABOVEorBEYONDJM.COM
  55. 55. MYTHS AND FACTS ABOUT MONEY  4. MONEY CAN’T BUY LOVE  TRUE  It can buy some kinds of love  But not a certain kind 2/11/2017 56www.ABOVEorBEYONDJM.COM
  56. 56. MORE MYTHS AND FACTS ABOUT MONEY  5. TOO MUCH MONEY EASILY GOTTEN SPOILS YOU  TRUE  Everything in life has a law of payment  You have to work for things in order for them to work for you 2/11/2017 57www.ABOVEorBEYONDJM.COM
  57. 57. MYTHS AND FACTS ABOUT MONEY  6. A FOOL AND HIS MONEY ARE SOON PARTED  TRUE  But a fool also hoards his money  Fools behave foolishly about everything, including money 2/11/2017 58www.ABOVEorBEYONDJM.COM
  58. 58. MORE MYTHS AND FACTS ABOUT MONEY  7. A GOOD REPUTATION IS MORE VALUABLE THAN MONEY  FALSE and TRUE  Not today, when reputation can be created 2/11/2017 59www.ABOVEorBEYONDJM.COM
  59. 59. MYTHS AND FACTS ABOUT MONEY  8. GREED IS GOOD  FALSE AND TRUE  By definition greed is uncontrolled craving, this is not good  But you need a certain amount of “greed” to succeed in business2/11/2017 60www.ABOVEorBEYONDJM.COM
  60. 60. MORE MYTHS AND FACTS ABOUT MONEY 9. ALL MEN( and WOMEN) HAVE THEIR PRICE  TRUE  Few men have no price, but this is usually with some inner moral things 2/11/2017 61www.ABOVEorBEYONDJM.COM
  61. 61. MORE MYTHS AND FACTS ABOUT MONEY  10. I’VE BEEN POOR AND I’VE BEEN RICH  RICH IS BETTER  TRUE This saying is a great antidote to hypocrisy 2/11/2017 62www.ABOVEorBEYONDJM.COM
  62. 62. 2/11/2017 63www.ABOVEorBEYONDJM.COM
  63. 63. Do You Know How Money Really Works? 2/11/2017www.ABOVEorBEYONDJM.COM64
  64. 64. 1. You Must Obey The L.E.S.I. Model Learn Something Earn Something Save Something Invest in Something 2/11/201765 www.ABOVEorBEYONDJM.COM
  65. 65. The Results Learn new skills every 5 years Change career every 10 years 2/11/201766 www.ABOVEorBEYONDJM.COM
  66. 66. 2. THE BEST MODEL FOR SAVING  BEGIN AT 25  SAVE $500/MTh  rate - 14% pa  STOP AT 34  CONTRIBUTIONS  $60,000  Is this the best model?  BEGIN AT 35  SAVE $500/MTh  rate - 14% pa  STOP AT 65  CONTRIBUTIONS  $186,000  Is this the best model? 2/11/201767 www.ABOVEorBEYONDJM.COM
  67. 67. THE VALUE OF SAVINGS SUM AT 65 $6,005,871 SUM AT 65 $2,166,19 6 2/11/201768 www.ABOVEorBEYONDJM.COM
  68. 68. HOW MONEY WORKS  YEAR TOTAL  1 $6,000  5 $52,310  10 $117,877  20 $436,997  30 $1,620,046  40 $6,005,871  YEAR TOTAL  0  0  1 $6,000  10 $117,877  20 $553,021  30 $2,166,196 2/11/201769 www.ABOVEorBEYONDJM.COM
  69. 69. The miracle of compound interest  This is a concept best illustrated by example  Let's say I give you a penny today  and promise to double the amount every day for a month  How much money would I be giving you on the 31st day? 2/11/201770 www.ABOVEorBEYONDJM.COM
  70. 70. The Answer: $10.7 million Check it out: 2/11/201771 www.ABOVEorBEYONDJM.COM
  71. 71. It all adds up  Day 1 $0.01  Day 2 $0.02  Day 3 $0.04  Day 4 $0.08  Day 5 $0.16  Day 6 $0.32  Day 7 $0.64 2/11/201772 www.ABOVEorBEYONDJM.COM
  72. 72. It all adds up www.ABOVEorBEYONDJM.COM73  Day 8 $1.28  Day 9 $2.56  Day 10 $5.12  Day 11 $10.24  Day 12 $20.48  Day 13 $40.96 2/11/2017
  73. 73. It all adds up  Day 14 $81.92  Day 15 $163.84  Day 16 $327.68  Day 17 $655.36  Day 18 $1,310.72  Day 19 $2,621.44  Day 20 $5,242.88 2/11/201774 www.ABOVEorBEYONDJM.COM
  74. 74. It all adds up  Day 21 $10,485.76  Day 22 $20,971.52  Day 23 $41,943.04  Day 24 $83,886.08  Day 25 $167,772.16  Day 26 $335,544.32 2/11/201775 www.ABOVEorBEYONDJM.COM
  75. 75. It all adds up  Day 27 $671,088.64  Day 28 $1,342,177.28  Day 29 $2,684,354.56  Day 30 $5,368,709.12  Day 31 $10,737,418.24 2/11/201776 www.ABOVEorBEYONDJM.COM
  76. 76. You Create Your Future 2/11/2017www.ABOVEorBEYONDJM.COM77
  77. 77. Each Day  the "interest" paid you the previous day earns more interest  At the beginning  the amounts are nominal  but by the end we're talking big bucks 2/11/201778 www.ABOVEorBEYONDJM.COM
  78. 78. The Debt Trap  This also illustrates how debts can quickly balloon out of control  If you're paying interest, rather than incurring it,  and you're not diligent about paying off the finance charges in full every month,  the unpaid amount will incur additional interest charges,  increasing the total amount that you owe 2/11/201779 www.ABOVEorBEYONDJM.COM
  79. 79. The Debt Trap  This is why so many families who incur credit card debt eventually find themselves in trouble  as the amounts they owe explode past their ability to pay 2/11/201780 www.ABOVEorBEYONDJM.COM
  80. 80. The 60% Solution  The real secret to building a budget that really works isn't tracking what you spend  any more than counting calories is the secret to losing weight.  The key is creating a sustainable structure for your finances  One that balances spending and income  that leaves enough room to handle the unexpected 2/11/201781 www.ABOVEorBEYONDJM.COM
  81. 81. The 60% Solution  By limiting all your essential spending to 60% of total income, your savings will soar  that means everything from house payments  to clothing to insurance and taxes  The remaining 40% goes to cover  Retirement  long-term savings  irregular but predictable expenditures such as vacations  fun money for movies and entertainment. 2/11/201782 www.ABOVEorBEYONDJM.COM
  82. 82. The 60% Solution  Committed expenses: 60%  Taxes of all kinds, basic living expenses  insurance, charity and regular bills  Irregular expenses: 10%  Vacations, major repair bills, new appliances, etc  Long-term saving/debt: 10%  Money set aside for car purchases,  major home fix-ups, or to pay down substantial debt loads.  Retirement: 10%  Minimum, 10% of your gross income  Fun money: 10%  Everybody needs a little fun money 2/11/201783 www.ABOVEorBEYONDJM.COM
  83. 83. 2/11/2017www.ABOVEorBEYONDJM.COM84
  84. 84. SAVE WHILE YOU SPEND Join a credit union Deposit money Borrow from yourself Pay back yourself Life insurance included 2/11/201785 www.ABOVEorBEYONDJM.COM
  85. 85. Saving $50 Per Day The Half Patty Plan  Your monthly deposit of $ 1000  For 40 years  Interest rate of 10%  Compounded monthly  10 years $207,552.02  20 years $766,696.91  30 years $2,280,325.32  40 years $6,377,780.24 2/11/201786 www.ABOVEorBEYONDJM.COM
  86. 86. 2/11/2017www.ABOVEorBEYONDJM.COM87
  87. 87. What’s Wrong With Partners? No interest No collateral 2/11/2017 88www.ABOVEorBEYONDJM.COM
  88. 88. WHAT’S THE ALTERNATIVE An investment club Make loans to members only within shares 2/11/2017 89www.ABOVEorBEYONDJM.COM
  89. 89. 2/11/2017www.ABOVEorBEYONDJM.COM90
  90. 90. 3. AVOID USING CASH Deposit salary check Use a check to pay bills Cash evaporates 2/11/201791 www.ABOVEorBEYONDJM.COM
  91. 91. 4. USE FREE CREDIT  Thirty to 56 days available  Expand your resources  Respond to emergencies  Get at least one credit card  Pay bill in full (beware interest)  Pay by due date (Just like you did at the corner shop) 2/11/201792 www.ABOVEorBEYONDJM.COM
  92. 92. 5. GET A ROOF OVER YOUR HEAD The NHT Options Start small Be willing to share 2/11/2017 93www.ABOVEorBEYONDJM.COM
  93. 93. This data was last updated on the NHT’s website in the year of 2010. However, it still applies to the current year (2017). The present data will continue to remain until further updated by the NHT. 2/11/2017 www.ABOVEorBEYONDJM.COM 94
  94. 94. Who qualifies for a loan?  You must be currently contributing to the Trust.  Have made at least 52 weekly contributions of which 13 must have been made in the last 26 weeks just before the date of your application.  Have paid up, with interest, any outstanding contributions due in the last 3 years.  Exceptions are Voluntary Contributors or persons earning less than $7,500 per week who are only required to pay up contributions for 1 year.  Be between the ages 18 and 65.  Be earning an income which allows you to repay the loan. 2/11/2017 www.ABOVEorBEYONDJM.COM 95
  95. 95. NHT Interest Rates 2017 INTEREST RATES (%) INCOME BAND (WEEKLY) Disabled Persons (New) Mortgagors 55 years & older and contributing for a minimum of 10 years Public Sector Workers All Other Contributors Minimum wage - $12,000.99 0% 0% 0% 0% $12,001 - $20,000.99 0% 0% 1% 2% $20,001 - $30,000.99 - 2% 2% 3% 4% $30,001 & over 4% 4% 5% 6% 2/11/2017 www.ABOVEorBEYONDJM.COM 96
  96. 96. Interest Rates (Cont.)  The special rate for new mortgagors 55 years and older apply to those contributing for a minimum of ten (10) years.  The interest rate for Solar Water Heater loans remains at 3%.  New applicants employed to the public sector will continue to enjoy the 1% interest reduction that had been granted to them in 2010 while also benefitting from the new rate concession introduced in November 2015. 2/11/2017 www.ABOVEorBEYONDJM.COM 97
  97. 97. Loan Limits (2017) Loan Type One Applicant With co-applicant (s) Scheme House $5.5 Million $11 Million *** Serviced Lot $2.5 Million $5 Million Open Market $5.5 Million $11 Million House Lot $2 Million $4 Million Cluster Housing *conditions apply $1.5 Million $3 Million BOL $5.5 Million $11 Million *** Construction Funds $5.5 Million minus previous loan *** Home Improvement Homeowners - $1.5 Million Non-homeowners- $4.5 Million Homeowners - $3 Million Fifteen (15) Plus $1.5 Million $3 Million Solar Water Heater $250,000 Solar Panel $1.2 Million $2.4 Million2/11/2017 www.ABOVEorBEYONDJM.COM 98
  98. 98. NHT Loan Options TYPES ONE APPLICANT WITH CO- APPLICANTS  Build on Own Land $5.5 Million $11 Million  Open Market $5.5 Million $11 Million  Construction Funds $5.5 Million(minus previous loan)  NHT Scheme House $5.5 Million $11 Million  NHT Serviced Lot $2.5 Million $5 Million  House Lot Loan $2 Million $4 Million  HOPE Loan $1 mil $2 mil 2/11/2017 www.ABOVEorBEYONDJM.COM 99
  99. 99. Who qualifies for a loan? 2/11/2017www.ABOVEorBEYONDJM.COM100  you must:  Be currently contributing to the Trust.  Have made at least 52 weekly contributions  3 must have been made in the last 26 weeks just before the date of your application.  Have paid up, with interest, any outstanding contributions due in the last 3 years.  Exceptions are Voluntary Contributors or persons earning less than $7,500 per week  who are only required to pay up contributions for 1 year.  Be between the ages 18 and 65.  Be earning income which allows you to repay loan.
  100. 100. NHT Interest Rates INTEREST RATES (%) INCOME BAND (WEEKLY) Able-bodied Persons (New) Mortgagors 55 years & older Public Sector Workers Minimum wage - $7,500.99 1 1 0 $7,501 - $10,000.99 3 1 2 $10,001 - $20,000.99 5 3 4 $20,001 & over 7 5 6 2/11/2017www.ABOVEorBEYONDJM.COM101
  101. 101. 6. Are you ready for LIFE AFTER DEATH? Who will bury you? Who will feed, cloth, shelter and educate your children? 2/11/2017 102www.ABOVEorBEYONDJM.COM
  102. 102. THE 6% SOLUTION Buy what you can afford Prepare for transfer tax If you do not love anybody you do not need insurance 2/11/2017103 www.ABOVEorBEYONDJM.COM
  103. 103. 7. UNDERSTANDING THE MONEY MARKET SOURCES  TREASURY BILLS  LRS  COMMERCIAL PAPER OPTIONS  Jamaica Money Market Brokers  Barita  Scotia BDG 2/11/2017104 www.ABOVEorBEYONDJM.COM
  104. 104. 8. UNIT TRUSTS WORK  A chance to bet on all the horses in the race  COMPONENTS  Real Estate  Money Market  Stocks OPTIONS  Scotia DB&G  Barita  Sigma be careful to  Move funds to Money Market if trend starts down 2/11/2017105 www.ABOVEorBEYONDJM.COM
  105. 105. 9. BUYING STOCKS REASONS  Best edge against inflation in the long run  5 to 10 years  Don’t just watch Dividends OPTIONS  Get to know a broker  Evaluate public offers 2/11/2017106 www.ABOVEorBEYONDJM.COM
  106. 106. 10. HAVE IT YOUR WAY  IF YOU LOVE THE ONES YOU LEAVE BEHIND, MAKE A WILL  Simple form (Insurance Agent)  Lawyer  Trust Company 2/11/2017 107www.ABOVEorBEYONDJM.COM
  107. 107. THE 10 IMMUTABLE LAWS  1. LEARN, EARN, SAVE, INVEST MODEL  2. SAVE EARLY & REGULAR  JOIN CREDIT UNION  3. AVOID USING CASH  4. USE FREE CREDIT  5. BUILD OR BUY A HOUSE EARLY  6. GET INSURANCE  7. OPEN A MONEY MARKET ACCOUNT  8. INVEST IN UNIT TRUST  9. INVEST IN THE STOCK MARKET  10. MAKE A WILL 2/11/2017108 www.ABOVEorBEYONDJM.COM
  108. 108. NETWORKING FOR SUCCESS 2/11/2017www.ABOVEorBEYONDJM.COM109
  109. 109. 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 110
  110. 110. 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 111
  111. 111. WHY IS IT IMPORTANT? 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 112
  112. 112. What is Networking? Why is it important to anyone who wants to succeed Critical to personal, career and business development Successful persons create and nurture a network of contacts Your income can grow only to the extent that you grow I create my life versus what happens to me 2/11/2017 113www.SlideShare.net/LeahcimSemaj2013
  113. 113. What is Networking? Essentially, networking is getting to know people who can help you develop your career, business or personal prospects . You don't need to be a big shot or the most outgoing person in the world to network effectively. Its simply connecting with people 2/11/2017 114www.SlideShare.net/LeahcimSemaj2013
  114. 114. One simple rule  “It takes only a moment’s conscious decision to become a networker, with no interference to one’s daily routine.  All it requires is a slight shift in attitude, and adopting one simple rule:  Greet each new acquaintance with an openness to learn more about that person, a willingness to help, and an offer to stay in touch.” [Buzzy Gordon - http://entrepreneurs.about.com] 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 115
  115. 115. How big is your network? People you have known in the past People you know now People you will know in the future 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 116
  116. 116. Dunbar’s number  150 = the maximum number of people with whom we can maintain relationships  Hypothesis by primatologist Robin Dunbar that 150 is the maximum number of social interactions you can manage  It is the number at which groups start to break down  The number is higher or lower across different species of social primates 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 117
  117. 117. What are the benefits of networking?  A lot of good jobs never make it to the pages of a recruitment website or newspaper.  They get filled by word of mouth and the more senior the position, the more often it happens this way.  Even if the job is advertised, it helps to know someone inside the new organisation who can give you the inside line.  They may even end up interviewing you which will always make it a less stressful experience 2/11/2017 118www.SlideShare.net/LeahcimSemaj2013
  118. 118. What are the benefits of networking?  Access to their rolodex  Ability to genuinely helps others  Inability to network can hinder your performance on the job, in business and in personal life  In the end business is conducted through personal relationships  Cannot focus only on financial aspect 2/11/2017 119www.SlideShare.net/LeahcimSemaj2013
  119. 119. Operational • People who can help you get your work done • Often internal & current- focused Personal • People who can help you grow personally & professionally • Usually external & share common interests Strategic • People who can help you shape your future goals & direction • May be internal or external & are future-oriented 3 reasons for networking How Leaders Create and Use Networks by Herminia Ibarra and Mark Hunter HBR Jan. 2007 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 120
  120. 120. Networking vs. Relationship Building  The word “networking” is commonly used to describe the process of cultivating business relationships.  There’s nothing inherently wrong with networking, but it often has the connotation of being manipulative and self-serving.  Should we shy away from it?  No matter how good your service or product is you are in the people business 2/11/2017 121www.SlideShare.net/LeahcimSemaj2013
  121. 121. Not all network contacts are equal Networks contain a small number of people that have proportionately more influence over the network than others This 5-10% of individuals, called critical connectors by organisational anthropologist Karen Stephenson, occupy specific places within networks Ref: http://goo.gl/mWXgA 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 122
  122. 122. Hubs, Gate-keepers & Pulse-takers Hubs are directly connected to many people and, as a result, have the ability to disseminate information quickly Gatekeepers stand at the intersection between parts of the organisation, or areas of expertise Pulse-takers are the covert influencers within networks who are often more knowing than known, and they connect with others strategically 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 123
  123. 123. Your networking plan Map your network Identify your critical connections Engage and add value Develop & grow your network 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 124
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  126. 126. RICH BELLIS 07.15.16 5:00 AM
  127. 127. won’t work at another. Just as your skills should evolve, so should your network.
  128. 128. Your career isn’t static—  In order to get ahead, some things have to change.  Your skills should evolve, and you should check periodically to make sure they’re keeping you competitive.  Even the way you use social media to find jobs and get your name out there should also change over time.
  129. 129. But what about people? We often think of our professional network as a continuously expanding thing. Meet someone new, add them to the list. The list gets longer, your opportunities get ever wider. It may not be that simple, though. Just as we discard some skills in order to pick up others, it’s smart to focus on different types of people who can offer you the most support depending on where you find yourself.
  130. 130. at each stage of your working life.
  131. 131. FAMILY CONNECTIONS AND ALUMNI GROUPS
  132. 132. When you’re just starting out New grads have found for generations, that family connections and alumni groups are still your best bet.
  133. 133. The alumni network is powerful,  In this day and age when people are so super-connected, alumni are more likely to lend a hand to a new grad in need than they might’ve been previously. It’s like your whole university becomes your fraternity.
  134. 134. School contacts can be especially useful at the graduate level When those people finally enter the workforce, they usually find the colleagues they’ve made at the graduate level to be their strongest professional resources.
  135. 135. A PROFESSIONAL RECRUITER AND A FORMER BOSS
  136. 136. The Changing View of Recruiters Recruiters used to be just for executive-level people and people in temporary jobs The stigma associated with headhunters is beginning to dissipate as younger workers begin reaching out for professional help.
  137. 137. The reason when you’re at an associate level, you’re really looking for that next step It’s really a numbers game—all those people are looking to move into that junior-manager role fewer factors may set them apart as there are among candidates for senior-level positions.
  138. 138. depends on where you want to go next.
  139. 139. Looking for a new employer? Then a manager that you’ve previously worked for who’s moved onto another company can be a great person to stay connected to.
  140. 140. Prefer to stay put? A senior person within your own organization who can serve as a mentor or advocate for you to start moving up is your best bet.
  141. 141. The key, in either case, Use those first few years to build relationships with people one or two levels your senior.
  142. 142. Can we take a picture? 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 143
  143. 143. THE NUTS AND BOLTS 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 144
  144. 144. Many Options  Old school, college or university classmates, alumni  Family members and their friends  Professional organisations  Trade organisations  Professionals -doctor, lawyer or accountant, etc.  Club members or anyone else you meet socially  Civic and charitable organisations  Faith based organisations  Professors, advisers, coaches  Former or present work colleagues or bosses  Pick up a sport – golf, tennis, sailing, shooting 2/11/2017 145www.SlideShare.net/LeahcimSemaj2013
  145. 145. How to decide what to do and where?  What are you interested in?  What’s your passion?  What inspires you?  Shared beliefs, experiences – child with special needs, same faith, giving back (ability to do more with others)  Only works if you do the work – get to know people, work on projects, deliver 2/11/2017 146www.SlideShare.net/LeahcimSemaj2013
  146. 146. Build Relationships in Diverse Ways  The world has gotten quite complex – Facebook, Linkedin, etc.  Remember the 6-degrees-of-separation principle.  Go to reunions  Join your alumni  Simply provide good service  Go after the # 2 person to reach a power broker 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 147
  147. 147.  Don't ask directly for a job - networking is not a job fair; it's an opportunity to gather potentially useful information.  Give and take - networking is a two-way exchange, there's no such thing as a free lunch.  Do the groundwork - research your contacts before meeting them and always follow up good leads or pass them on.  Think laterally – try to expand your network outwards, beyond your comfort zone or usual sphere of operation.  Patience is a virtue – getting involved in networking is being in there for the long haul; don't expect to land a plum job at your first meeting. 2/11/2017 148www.SlideShare.net/LeahcimSemaj2013
  148. 148.  How you do anything is how you do everything  Be a class act  Be impeccable in your words  When in doubt check  Practice uncommon appreciation  Better to say no than to break your word  Give more to get more without immediate benefit  Find a way to serve – Webinar, Blog, Newsletter 2/11/2017 149www.SlideShare.net/LeahcimSemaj2013
  149. 149. Can we take a picture 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 150
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  151. 151. A NETWORKING EVENT 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 152
  152. 152. Planning effectively for a networking event 3 Phases Pre-Event, The Event, Post Event Pre-Event - Why are you going, - What do you want to accomplish - Who will be there you want to see/meet? - What’s the dress code? Can you comply? - Am I current on what’s happening? - Can I be of service? - Be conversant in topics of interest to your target (sports, current affairs, music, etc.) 2/11/2017 153www.SlideShare.net/LeahcimSemaj2013
  153. 153. At the Event  - Be pleasant  - Smile and make eye contact with others  - Enter the room with confidence  - When you start a conversation do not hold the person captive , circulate  - Pick out the wall flowers standing by themselves nursing a drink and engage them 2/11/2017 154www.SlideShare.net/LeahcimSemaj2013
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  155. 155. At the Event  - Do not pass out your business cards like confetti  - Ask someone for their card first  - Focus on making a connection  - Ask great question – not ‘What do you do?’  - LISTEN  Be helpful by playing host  Focus on quality not quantity  Promise to follow-up 2/11/2017 156www.SlideShare.net/LeahcimSemaj2013
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  157. 157. Listen!!!  Ask a question and wait to get an answer  Do not interrupt! Its rude. It says what I have to say is more important  Don’t just wait to speak and formulate your thoughts  Pay attention  Put away the Smartphone  Do not try to show –off with the on-up manship or womanship  Make the other person feel important  Don’t flaunt your accomplishments  Become a master Listener and see your popularity soar! 2/11/2017 158www.SlideShare.net/LeahcimSemaj2013
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  159. 159. Post Event  Start building the relationships  Do what you promised to do. E.g. Call, set a time to get together right away. Do not delay.  Review the notes you made, shared interest  Determine how you can be of value  Keep in touch in a consistent way  Share - ideas, articles, tickets, products, lunch  Nurture the relationship 2/11/2017 160www.SlideShare.net/LeahcimSemaj2013
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  164. 164. of NETWORKING 2/11/2017 www.SlideShare.net/LeahcimSemaj2013 165
  165. 165. Summary - The 10 Commandments For Better Networking: 1 Always have your tools. 2 Networking is more like farming than hunting. 3 Understand where you are in the pecking order 4 People remember engaging people 5 The law of Karma is real 6 The little things count for much. 7 Grow Your Quality Network 8 Have a Good Business card strategy 9 Keep it Real - First Impressions Last 10 Close the circuit - Follow up! 2/11/2017 166www.SlideShare.net/LeahcimSemaj2013
  166. 166. Dr. Leahcim Semaj Intl. Keynote & Motivational Speaker Above or Beyond 876-383-5627 WWW.ABOVEORBEYONDJM.COM 1672/11/2017

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