Career Goals In The Finance Industry

It can be inspiring and motivating to set long-term career goals, and achieving a top position in the finance industry begins with setting intentions. Have you put your career goals into writing? Have you even thought about your career goals? Whether you’re searching for VP jobs in Chicago, accounting jobs in Los Angeles, or finance staffing jobs in San Francisco, working on your career goals now will put a series of small successes into motion that will lead to big achievements down the road.

That dream position you might have thought about can be a long-term goal, but it needs to be prefaced by a first-step career goal if you’re a recent college graduate, or even a viable mid-career goal that will eventually progress into your dream job. Career goals in the finance industry are as varied as the people that have these goals. The following are some goals that you might want to consider as you plan for your future:

Changing Careers

If you have an educational background in finance, but have chosen to take a different career path, you can still come back to finance as a long-term career goal. It’s vital to be happy with your current job and current field. So, a plausible career goal could be to switch careers and explore work in finance – today and for the rest of your working life if that’s what makes you happy. You already have the experience, so consider getting on board with a finance company you can grow with.

Gaining Expertise and Improving Performance

An important long-term career goal in the finance industry can be to become a SME, or a subject matter expert. This requires time and you must continue to keep up to date on the appropriate fields of study to establish yourself as the go-to person in your field. But, as a career goal, becoming a SME can lead to higher positions within a company, as well as special project opportunities.

Other career goals in the finance industry can be retiring early (possibly at 50), furthering education (which some companies might pay for), and working with role models within a company or industry. Beacon Resources can help you set concrete career goals if you haven’t already, and we can assist you in finding that job that will turn today’s actions into tomorrow’s dream.

What Makes A Good Credit Score?

The elements of creating a good credit score are relatively simple. Basically a credit score is a number that tells lenders how likely it is that you are going to be a good credit risk. Any institution that might lend you money will look at your credit score before determining whether to lend you money and under what terms.

It is not tied to your income. People with low incomes can have very high credit scores, while people with higher earnings can have lower credit scores.

It helps to take a detailed look at what a good credit score is. Go to to learn more about how credit scores are calculated. This post gives an overview, but more research is always better.

How Is A Credit Score Calculated?

The credit reporting agencies, the ones that determine your credit score, and FICO, look at your payment history, amount of money owed, the length of your credit history, any new credit and the mix of different types of credit.

Lenders and providers of loans furnish the reporting agencies with information about your use of credit; how much you owe, whether you have been late on a payment, whether your debts have been sent to collection agents,

The most important score that counts is your FICO score. It can range from a low end of 300 to a perfect score of 850.

Here are the ranges that make up excellent, good, fair, poor and bad credit:

Excellent: 781 and above
Good: 661-780
Fair: 601-660
Poor: 501-600
Bad: 500 and below

How Do You Get A Good Credit Score?

First of all, make a plan to pay down your outstanding balances. Having a good credit utilization rate of 30% makes you a better credit risk, because it shows you are a responsible credit user. Basically, if you have a credit limit of $3,000 and you have a $900 balance, that means you are using 30% of your available credit.

Dispute any old or inaccurate items on your credit report. Items can stay on your credit history for up to 7 years. And you have the right to dispute mistakes on your credit report. Learn how to write a credit dispute letter here.

Why is a Good Credit Score Important?

With a good credit score you can get lower rates for a mortgage, lower interest on car loans and even get a good deal on insurance. Plus you can get lower credit card rates, as well as access to better credit cards with more rewards, cash-back bonuses and higher limits.

Even more important for your long-term earning potential, plenty of employers use credit checks when making the call on hiring new employees or promoting internal employees.

How to Choose an Online Broker

There are so many brokers around these days they seem to be all over the place. Most of them advertise on the internet and each one claims to be the leader in the field. Brokerage sites make use of the most outstanding graphics, bright colors display constantly changing data while live stock prices go flashing across the page.

What is a new trader, eager to open an account and invest some money to do?  It isn’t easy to select just the right broker but there are definitely ways to separate the wheat from the chaff.

Here are some tips to keep in mind before opening an account:

  1. Always ask your friends and family for referrals. Don’t sign anything  on your own without speaking to someone in the know.
  2. Do your own research and due diligence. Compare brokers. Read reviews such as Daily Forex to see the differences between brokers.
  3. Once you have selected a broker, check out the site and decide which features offered by the firm are important to you. Do they have everything you are looking for?
  4. Check out whether or not the broker is properly registered with a bona fide financial regulator. The major regulators are the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) if they’re based in the US and the Financial Service Authority (FSA) if based in the UK. Many brokerages have been forced to close down because of fraud and you certainly don’t want to become a victim of a scam.
  5. Always use the Forex broker’s demo account. If this feature is not offered, do not even consider opening an account with them. The demo account gives you the opportunity to experiment with virtual money and allows you to practice trading without the fear of losing capital. It also gives you a feeling of how well the brokerage handles trades.
  6. Don’t be afraid to ask questions. How much leverage are you allowed? What are the margin requirements? How wide are the spreads? Does it cost anything to open an account? What is the commission? Although the answers to these questions often appear on the site, they are not always obvious to the newbie trader.
  7. Try out the customer service. See how quickly they respond and how efficient they are.

If they don’t know the answer to your question, see how long it takes them to get back to you with a response or to have someone more knowledgeable return your call. Good customer service is not always a given.

  1. Understand thoroughly the platform used for trades. The trading platform is the investor’s gateway to the markets and traders should be certain that the platform and all software is easy to use, visually pleasing, has a variety of technical and/or fundamental analysis tools. Trades should be entered and exited with ease.
  2. Always start out with the minimum amount of deposit required. You want to tread lightly till you are more comfortable.
  3. Keep track of your account carefully for several months before coming to any conclusion regarding your broker. If you’re not satisfied, close the account and move on to another one.

Cina Coren is a contributing editor for Daily and a freelance writer for several financial publications.

Restaurant Owners: Cater To Your Audience!

You’ve created a trendy, fun, and bustling restaurant, an incredible undertaking with unbelievable rewards, but now that you’ve finally established yourself, how do you maintain that success? In this day and age, customers want instant gratification and quality, and as a restaurant owner it’s vital to provide in order to survive. To remain ahead of the game, your business must impart intrigue, delectability, and continuous satisfaction, and here’s how to make that happen.

With the advent of social media, people want to share their lives instantly. From cool and new activities they’re participating in to where they’re brunching on a Sunday morning that information is constantly posted to the internet. For restaurant owners, social media can be a blessing or a curse. To guarantee it’s the former, aesthetically pleasing or interesting interior design and beautifully arranged dishes are key. Create an intriguing environment and patrons will eagerly post photos and geotag their location, providing you with free, positive publicity. More importantly, chefs who design exquisite dishes that taste as wonderful as they look will have everyone posting positive reviews about your restaurant online; the satisfied customers will hopefully come back for more and inspire their friends to try it themselves!

To keep people interested, it’s also great to add novelty. Tweaking your menu seasonally and switching out wine and beer selections are a marvelous way to spice up your usual classics. Make sure you keep your bestsellers for those who don’t enjoy change. Add seasonal decorations to your normal decor and you’ll make your customers feel even more at home.

So now you have it – the key to making a successful business even more prosperous is to cater to the population. Create an environment that people will positively talk about and post online and you’ll be guaranteed success!

Eliminate Financial Stress With A Personal Line Of Credit

There are plenty of reasons you might find yourself in some financially dangerous waters. You might have had to run your child to emergency care and are left to deal with the subsequent bill; you could be in between work contracts and come up short for your next utility bill. Whatever the case may be, sometimes you aren’t prepared for what life throws at you – through no fault of your own. But that doesn’t make the reality of being strapped for cash any less harsh. When you find yourself momentarily short on money, do you know where you can turn?

Not everyone is blessed with family or friends who can help you balance the check book when you’re in need of some help. Even if it’s just $300 to smooth out the edges until your next contract starts up again, that can be out of your (and your social circle’s) abilities. Luckily, there’s an organization that you can turn to and no – it’s not the bank. In order to secure a loan with your local financial institution, you have to jump through hoops and hurdles just to speak with a bank representative, after which you’ll have to wait weeks while they review your application and credit score. When you’re bills are due in a few days, you can’t afford to wait and play by the bank’s schedule.

The alternative that you’re looking for is a personal line of credit with an accredited direct online lender. These lenders understand the importance of having cash for when you need it, so they’ve developed a process whereby your application won’t have to go through credit bureaus and other institutions before it’s approved. As opposed to the average traditional lender, they’re the lender that directly approves and facilitates your loan. By cutting down on the middle man, they can give you your loan that much faster.

A direct online lender like MoneyKey can approve your application quickly and deposit your approved limit in just 24 short hours. The limit of a personal line of credit from MoneyKey depends on your state of residence, as they pride themselves in following the rules and regulations provided by the state. That’s because they want to set you up with the appropriate tools for responsible lending habits. By following state sanction laws and providing you with information regarding online lines of credit, they want you to flourish. They don’t want you to take out a line of credit amount higher than you can reasonably pay back any more than you do.

Having a line of credit for whenever you find yourself short on cash (be it when your child is in the hospital or when you’re a couple of weeks away from the start of another contract), can take a stressful situation and make it more manageable. When you finance your credit with a responsible direct online lender, you can trust that you’re covered for when life puts a crick in your budget.