2017-11

Give While Giving Back

November 28, 2017

​This Holiday Season, Give While Giving Back with
New York Women in Communications
  

gift

​There are many ways to give back this holiday season:

► Give the women on your list the gift of professional development: An annual membership to New York Women in Communications. Membership to NYWICI is a priceless investment toward anyone's career goals. Memberships to NYWICI are available for seasoned professionals, young professionals and students. Check out the great benefits here — such as a free one-on-one coaching session with one of our coaches. A membership to NYWICI makes a great gift for mothers, sisters, daughters, granddaughters, nieces and mentees! Call us at (212) 297-2133 or email us info@nywici.org to purchase a membership.

► Make a donation to NYWICI as part of your charitable giving. More than $100,000 in scholarships are awarded annually to high school seniors, undergraduate and graduate students who intend to pursue or further a career in communications.

► As you shop for supplies and gifts for friends and family at Amazon, make sure to use this link. NYWICI gets up to 4% of every purchase you make.

► For friends and family, you can purchase a voucher valid for one ticket to an upcoming NYWICI event. Check out our full calendar to see which events are in the pipeline — and don’t forget to purchase tickets for yourself too. Call us at (212) 297-2133 or email us info@nywici.org to purchase your gift tickets.

Happy Holidays from New York Women in Communications!

 

 

Take Control of Your Financial Future

November 20, 2017

Aloud YoProDealing with your personal finances is a subject that is daunting yet so important all at once. And hardest of all is to be honest with yourself about your financial goals. So, where do you start as a young professional?

Sponsored by Fidelity Investments, experts offered tips, tricks and crucial advice to NYWICI YoPro members at “The Money Move: Take Your Finances to the Next Level” on Nov 8, 2017, at Meredith. Here are the key takeaways from the event:

BUDGET

Budgeting is one of the most difficult parts of managing finances, and Fidelity has structured a simple formula to assist you and help to remove the stress of spending too much on impulse purchases. Here’s the breakdown:

Percent of pay check:

50% — Essentials (rent, utilities, gas bills, etc.)

15% — Retirement (401K, 403B or IRA)

5% — Short term savings (see emergency fund details below)

30% — FUN! You should have extra money for you.

CREDIT

Knowing and understanding your credit score is important. Right now, it might not seem crucial, but in the future, this will help determine a loan for a house and impact other future financial options.

Be sure to regularly check your credit report and keep your credit healthy. Make your payments on-time and in full accounts for 35% of your score. Don’t max out your credit (use less than 30% of available credit) accounts for 30%. And consider other factors, such as your length of history of your credit card, credit max (different types of credit) and having new credit (but don’t open too many lines).

DEBT & EMERGENCY FUND

Things happen. Whether it’s losing your job, health issues, or any other unforeseen circumstances, it’s important to have an emergency fund. Fidelity recommends saving enough money to cover three-to-six months of essential expenses.

This emergency fund can also help you to avoid situations of debt. If you find yourself overspending or with extra expenses, this fund can help to pay off credit card bills and prevent you from accumulating debt. Remember, this fund is there to help you in emergency situations. Think of it as your financial safety net.

INVESTMENT

Investing can seem daunting and complicated, but it can become a great way to help reach your long-term financial goals.

RETIREMENT

It’s never too early to start saving for retirement. Many companies offer to match your contribution up to a certain percentage, and Fidelity stresses the importance of taking advantage of these offers. “You shouldn’t pass up free money,” one Fidelity representative said. It’s also worth noting that there are penalties to removing funds from your 401K early, so plan to keep your money invested until you reach retirement age.

And remember, start saving! Don’t fret that because you missed out on your 401K during your first few years of employment you won’t catch up. 

 

Posted by: 
Gena Wolfson
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3 Steps to Take If You’re Feeling Stuck in Your Career

November 9, 2017

Aloud Blog YoPro​It seems that more than ever, young professional women are feeling “stuck” in their careers. As writer Lisa Miller puts it in “The Ambition Collision,” when it comes to having a vision for our careers, young women have “lost it, like a child losing grasp of a helium balloon.” They feel “adrift,” “discontented” and “contemplate bleak futures” for their professional lives.

It’s likely that up to this point, life has been a sequence of checking items off a to-do list in order to claim accomplishment. Think about it: grade school, college, internships, a first job and so on. We assume our path is a steady climb to the top, but it might look less linear in reality.   

“The truth is, you don't really know what you want until you experience it," says Anna Goldstein, an NYU certified life and business coach. "You have a lot of beliefs about what it means to be successful and when you're just starting out in your career, it's hard know what all your options are.”     

From the day we receive our college diplomas, we think about our careers in terms of what we should do. If you’re feeling stuck, it’s time to figure out what you want to do. Goldstein recommends three steps to start:

Find a mentor

Someone who has more professional experience than you and can help you identify your strengths. Having a support system in place will give you the courage to go for new opportunities, pick you up when you fall down and keep you motivated along the way. Surround yourself with positive people. 

Pay attention to when you feel excited

What are you naturally drawn to? What comes easily to you? What would your friends and family come to you for? Knowing yourself will help you find work that is aligned with your passion and talents.  

Let yourself dream.

Einstein said, “Imagination is more important than knowledge.” When we are stuck, it's usually because we are looping in the same thoughts over and over again. Think outside the box. Take risks. You have nothing to lose and everything to gain — especially in your 20s!

Once you identify your interests, passions and strengths, you might find that your career is meant for a different path. Your first inclination may be to seek a new full-time job. But, be wary — a report by Jobvite found 46% of job seekers feel it’s been harder to find a job in 2017 than last year.

If the job search is coming up empty or you’re not entirely sure you’re ready to leave your current role, consider a side hustle. Whether it’s freelance work or inventing a new product, you can begin to feel more fulfilled by pursuing something else in your spare time. In fact, the Jobvite report shows 25% of job seekers have a second source of income outside their regular job.

If you're worried about balancing a full-time job and a side hustle, Goldstein says passion and motivation will help you find the time. And while our careers are important, Miller argues, we place too much weight in how they define us.

“No woman should be expected to find all her happiness in one place,” she writes. “The lesson for my discontented friends is not that they should ditch their professional responsibilities, but that they should stop looking to work, as their mothers looked to husbands, as the answer to the big questions they have about their lives.”

 

Posted by: 
Marissa Piazzola
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