Assignment Instructions/ Description
Learning Plan 04Assignment: Are You in Alignment?In this lesson, we discussed the importance of aligning your career and financial goals. Now that you have identified your desired job titles and financial goals 3 months, 18 months, and 5 years from now and you have compared your desired salary to the average salary for these titles, you can figure out whether your financial and career goals are a "match."Begin by writing a paragraph on each of your three goals. Give details of each goal including (1) Why you have decided to set this goal, (2) How you plan to accomplish it, and (3) How you will know that you have accomplished this goal, (4) the date upon which this goal will be complete, and (5) the weekly or monthly steps you will take toward the goal. Each of your paragraphs should be 5 - 7 sentences in length.Next, write a brief reflection (8 - 10 sentences) on whether your career goals are in alignment with your financial goals. Be honest with yourself! If there is a big difference between your financial goal and the average salary for your job title, then your goals are NOT in alignment.If they are in alignment, then great! Tell us what your plan is for continuing to work toward those career goals you have set.If they are not in alignment, then tell us how you plan to adjust:• Will you lower your financial expectations? If so, then explain why it's worth it to you. (For example, you could write, "I love animals so much that I am willing to adjust to a lower salary if it means I can be a veterinary technician.")• Will you adjust your career goals? If so, how? (For example, you could write, "I will research other jobs that involve animals, but have a higher salary than a veterinary technician.")
Discussion 04.1: My Stretch GoalsChoose one of the goals that you identified in Practice Activity 1. Share this goal, along with your “stretch” target date, with your classmates. Explain what makes this a “stretch” goal for you. Why will it require extra effort for you to reach it?
In your responses to classmates, offer suggestions for how your classmate can reach their stretch goal more easily. For example, you could say something like “Commit to devoting 30 minutes to your Microsoft Training course every night after your kids are in bed.”
Practice Activity 2Financial GoalsTake a moment to think about how much money you would like to make. With those thoughts in mind, write your desired annual salary or (annual) financial goal for 18 months from now, three years from now, five years from now, and in your next career.Desired annual salary 18 months from now: Click here to enter text.Desired annual salary 3 years from now: Click here to enter text.Desired annual salary 5 years from now: Click here to enter text.Desired annual salary in my next career: Click here to enter text.Input this information in the table under the column heading “Your Financial Goal.”Now, use O*Net Online or NAU Online Library’s Job and Career Accelerator to research the average, low-range, and high-range salaries for your desired job titles and future career.Finally, calculate the differences between your goal and average salary in each row. You can do this by subtracting the average salary from your financial goal.?Desired Job Title Your Financial Goal Average Low-Range High Range Difference Between Your Goal & Average Salary(Example) community health worker$50,000 / year $34,870 $20,800 $60,400 $50,000 - $34,870 = 15,1303 years
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