Author: Complete Controller

1. Maintain a diary of your expenditures. Knowing where your Cash is spent can assist in making changes if necessary. Furthermore, you can keep track of your costs in whatever is most convenient. Once you’ve gathered your information, sort it into categories of essentials, and add up the totals. This one habit can change your life significantly!
2. Distinguish between desires and necessities. It’s highly imperative! Ask yourself, ‘Do you need that glamorous gown, big TV, and those lovely white heels’? When money is scarce, only spend what is essential. Yes, we know how challenging this can be, but it’s only for a short period; imagine affording these desires without worrying about money.
3. Paying your debts using credit is not a suitable option! Avoid this at any cost. While using credit can make life better in the short term, it will massively raise your monthly installments in the long run. So, think wisely before making any decision in this aspect.
4. Consistently save. You may quickly move money to a savings account by arranging a monthly automated transfer. Additionally, set aside a percentage of your paycheck for your savings account.
5. Initiate a straightforward and tiny goal. You can save more effectively if you have a short objective in mind! For example, committing to saving $30 every week or month is considerably more feasible. Moreover, when you meet your goal for the week of the month, you’ll have already established a saving habit, just a few more habits!

Envisioning what you’re saving for is one of the most effective strategies to save Cash. Want to buy a vehicle with a 20% down payment in a year? You have a plan in mind and know how much money you’ll need to save each month to complete it. Set keeping goals and a deadline for yourself if you need inspiration.

6. A valuable tip! If you lack self-control, try this 24-Hour Golden Rule. With a 24-hour rule, you can avoid buying unneeded products on desire. Wait 24 hours before purchasing any non-essential items. Furthermore, to prevent being tempted, unsubscribe from marketing emails. It is going to be a game-changer!
7. Make a monthly commitment to dining out one less time. You can save Cash without losing your way of life. Minimize your meal budget by making tiny changes. Begin by reducing the number of times you eat out every month.
8. Make a note of this on your card. Wrap your card with a savings reminder like, “Hey, you vowed not to overspend, or are you keeping up with your target for this month?” On your card. In addition, you can set a wallpaper on your phone saying the following phrases. It may be challenging, but you can develop self-control with perseverance.
9. Clear Out Your Debt. To effectively accomplish our money-saving strategy, you must commence with debt. How? You can calculate how much you spend on debt monthly, and once you are done with debt, you can easily save that money. Simple! And please do not ruin this cycle by impulsive shopping when you are debt-free. Spend and save wisely.
10. Eliminate unnecessary subscriptions from your life! Do you have several subscriptions such as Netflix, Spotify, health clubs, and brand memberships? If yes, then cancel them now if you aren’t a regular.

Many streaming sites, such as Netflix and others, allow you to view your favorite episodes on different screens. Fantastic! A helpful tip: Consider splitting subscriptions with family and friends for those memberships you want to maintain.

11. Time to unearth your inner enlightenment. Sounds dramatic, right? If you want to save money, you need to follow these.

Regardless, you can embark on this meaningful mindfulness journey by shopping more consciously in several ways. Firstly, prepare a list and shop intently. Then, prevent impulsive buying and remind yourself repeatedly regarding your goal for the month. You can do it!

Need another tip? You can indeed implement this. It’s very convenient; all you need to do is to set up a $10 challenge. It’s popular among money savers. Please put it in a designated jar whenever you receive or are left with $10 and save it.

In addition, these clever ways to save up a massive stack of money teach you a priceless lesson: the value of money. As you start saving, you will understand the importance and imperative of spending it wisely. Then, you can purchase your own house with the saved amount in the future!

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Enroll in a Cooperative program

Getting enrolled in a cooperative program allows students to gain practical experience in their respective professions and enhances their ability to think and solve problems. A cooperative program embraces theory with functional on-hand expertise. In addition, it encourages maturity and the growth of interpersonal skills. Furthermore, it’s a great option to monetize your skills and pay a portion of their college expenses and presents a competitive edge for full-time employment after graduation.

A cooperative program allows you to embark on your career early. It offers numerous benefits.

It proposes career exploration along with the margin to commit mistakes. In addition, mistakes make you experienced and knowledgeable within a few years if you start early. 

Companies are more willing to train younger employees who are likely to stay longer. You can attain professional reward licenses and certifications with the correct sense of applying skills to practice.

A cooperative program offers professional networking, professional development courses, and on-campus employment.

This program provides real-world experience and career-focused work terms with education. Moreover, upon completion and graduation, students are granted remarkable co-op degrees.

Apply for a student loan

Fifty-five percent of bachelor’s degree holders in the class of 2020 took out student loans, averaging $28,400 in federal and private debt upon graduation. And according to the most recent statistics, 14% of parents with students in the 2019 class took out national parent PLUS loans worth an average of $37,200.

Applying for any student loan is very useful to navigate your education program auspiciously. To finance the expedition of studying, you must fill out an application. After that, the application will demonstrate your eligibility; you may be liable for the majority or a small portion of the expenditures associated with attending your preferred college or university. Before signing and accepting any loans, understand your financial aid package. Before signing the paperwork, make sure you understand the terms and get answers to any questions you may have. You will have to refund any money borrowed six months after graduation after receiving your package.

Take out a government loan

For financial assistance, explore government loans. Generally, these loans have a much lower interest rate making them more manageable. However, you may receive some leverage thanks to a lower interest rate when it comes to paying back the funds. It’s essential not to take out more money than you need. Some students love to see an extensive refund check during the semester, but it may come back to haunt you later.

Count on scholarships

Do not believe the myth that “scholarships are only given to academically excellent pupils.” It is no longer valid; for example, most scholarship programs, such as the international cultural service program, award scholarships to students who participate in cultural activities, depending on the level of content in their recommendation letters and self-explanatory essays.

Spend some additional time researching scholarship and grant opportunities that may be accessible to you. Most scholarships include grants that support tuition and living expenses, travel expenses, and other expenses; hence, receiving a scholarship is a significant boon for pupils because nothing else can make educational finance assistance as affordable as a scholarship.

State-sponsored 529 Plans

In the U.S., every state has at least one of these college saving schemes. No federal income tax is required to distribute college expenses to beneficiaries. However, you can spend these funds at any authorized college or university since the government supports them.

This plan offers several benefits, such as it is a simple account to maintain because the donor merely chooses a monthly payment, the same as the mutual fund. The plan managers administer the investment. Moreover, you can save a considerable amount since monthly contributions comprise as small as $50. There are also no financial or age requirements. Every state plan is described in detail by the College Savings Plans Network.

Federal Stafford Loans

Federal government loans are permitted to undergraduate and graduate students. These loans are acquired directly from the federal and government assured the loan funds. The eligibility criteria expand with each succeeding year of education.

Furthermore, the interest payment for subsidized loans is 5.6%. So, if you meet the criteria for a subsidized Stafford loan, the government will cover your loan interest while in school. But, if you have an unsubsidized Stafford loan, you must pay all interest that accumulates.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Find Out Which Company Form Suits Your Company

When you enlist with the Chamber of Commerce, you must choose a legal form. You can choose from a legal document without legal personalities, such as a sole proprietorship or a general partnership (VOF), or a legal form with legal personalities, such as a private limited company (BV). Most (starting) freelancers opt for a sole proprietorship. As a starter, this usually provides you with more tax benefits than, for example, a BV. As the owner of a sole proprietorship, you are often entitled to the self-employed deduction. Check which possible legal forms suit your situation.

The legal form you choose has consequences for your liability and any tax benefits. Did you know that you are personally liable for your company’s debts with a sole proprietorship? It is usually not the case in a legal form with legal personalities, such as a BV. But a BV pays corporation tax and possibly also dividend tax. The director-major shareholder (data) also owes income tax on his wages and any dividends. Are your unsure which legal form suits your company best?

Choose a Name that Fits Your Activities

Have you chosen a legal form? Then you can think about a proper company name. It seems obvious, but a good company name can say something about your products or services. What do you have to offer? A fantasy name or letter combination/abbreviation is also possible, but make sure that it is distinctive, easy to remember, and registerable. Also, consider whether your company name can be used internationally (if this applies to your work). Your company name is the first introduction to your company for potential customers. Take the opportunity to leave a good impression. Don’t be too descriptive; an original or unusual name is OK, especially if it fits your activities. For example, are you a copywriter? Then a subtle pun in your company name can be fun. But are you starting a funeral business? Then a descriptive or meaningful name is a better choice. A good company name sticks to arouses curiosity and is easy to remember. And look for inspiration in your environment: what kind of company name appeals to you?

Avoid Confusion and Deception

You can use not every name just like that because rules apply to a company name. Do you have a name in mind? Check whether you are also allowed to use it legally. Do this before investing in a logo/brand, website, and printed matter. For example, a company name may not resemble an existing trade name too much. Therefore, first, check in the Trade Register of the Chamber of Commerce whether a name is already registered. Also, search the internet to see if a name is used. Try out different spellings. In addition, the name should not be misleading. For example, you may only use the term ‘accountant’ or ‘architect’ in your company name if you are an accountant or architect. And are you starting a sole proprietorship? Then the name should not give the impression that there are several owners. Therefore, you can forget the name ‘Pieter & Partners’ for a sole proprietorship.

Choose a Future-Proof Name

Where will your business be in 10 years? Perhaps you want to expand your activities in the long term, change the legal form, or eventually dare to take the step across the border. A trend-sensitive, too-defined, or Dutch name can get in the way of expansion. Don’t want to exclude anything in the future? Check whether your intended company name has any undesirable characteristics in another language. Also, avoid trends or time-sensitive products in the name. For example, hardware specialist CD-ROM-LAND will now sell a few CD-ROMs.

The Ultimate Check: Ask for Feedback

Have you decided for yourself? Use family and friends as a test case. And preferably also ask potential customers, your target audience. Ask them to write down the name to ensure there are no spelling problems. What does the name evoke? Does the name match the image you have in mind for your company? Does your find pass the test? Then quickly make an appointment with the Chamber of Commerce to record your company name and legal form. Also, don’t forget to enlist your domain name for your website and email.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Within the government, there are often heard reasons not to make a business case: “This project must go ahead due to European regulations,” “this is not about the costs” (we hear this argument less and less often), and “this project is necessary to give to the policy.” In our view, these critical voices arise from a limited view of business cases as a balancing of benefits and costs, emphasizing the financial side.

This article discusses a model in which various kinds of projects are distinguished. In our view, there is no ultimate business case. The ultimate business case depends on the type of project. We support this with examples from our consultancy practice.

The type of ICT investments is determined on the one hand by the degree of strategic impact and on the other by necessity. The ‘visor’ of 4 quadrants is created by contrasting these two dimensions. The circular arrow in the center symbolizes the third dimension in the crosshairs; an investment can progress from one quadrant to another over time. There is a central question for each quadrant that must be answered in the business case.

Quadrant: ‘Maintenance’

Main question:  Does the investment yield efficiency benefits for me? This quadrant includes savings projects, the (partial) automation of labor-intensive processes, saving on ICT budgets by consolidating ICT (centralization and scaling-up), and replacement investments. In this type of project, the financial trade-off between costs and benefits is essential for the business case.

Quadrant: ‘Business Critical’

Main question:  Do I need the project to survive? In business, it concerns projects necessary to maintain a position in a particular market. Within government bodies, these include projects that give substance to legislation imposed by higher governments or from Europe. Relatively much attention is paid to (political) risks.

Quadrant: ‘Strategic’

Main question:  Does the project provide me with a direct strategic advantage? The advantages are often difficult to express in monetary terms, so the focus is on qualitative advantages and disadvantages. This concerns, for example, projects that give substance to (new) policy.

Quadrant: ‘High potential’

Main question:  Will the project provide me with a strategic advantage in the future? Explanation: This concerns the vision anchored in programs and gives direction to many projects. Due to the long term, the pros and cons are uncertain. An essential part of the business case is a mutual comparison of various future scenarios.

Example

The controller asks the project manager: “What is the payback period for this project?” The project manager indicates that the project concerns investments to limit the risks of infrastructure failure and the possible political consequences thereof. The benefits of this strategic project are difficult to express in monetary terms. After the controller insists that the budget request for this project should include a payback period because this is important for determining which projects receive a budget, the project manager gets to work. The project manager expresses the risks using “soft” figures about possible claims in monetary terms. By dividing the complex investment amounts by the soft savings, he calculates an excellent payback period.

All’s well that ends well. Certainly not! By flattening the prioritization of projects to several financial criteria, such as payback time, the distinction between hard and soft benefits disappears in this case. As a result, a savings project with a more extended payback period and hard committed benefits can lose out against a project with a shorter payback period and uncertain benefits. To overcome this, organizations often fall into the trap of using complex scoring cards and calculations to arrive at a fair and explainable prioritization. It is a deadly path because there will always be cases where the scoring method developed does not lead to a prioritization that is experienced as fair according to all those involved. In addition, the system becomes more challenging to explain as complexity increases.

It is better to distinguish several types of projects at the highest level and allocate a budget per type. The 3D visor can help with that. You can then apply prioritization between projects of the same type at a lower level. Strategic issues, such as determining the balance between optimization and genuine innovations, determining the scope needed to implement legal measures, and the extent to which risks are covered, remain at the highest level. At a lower level, the possibility remains for substantive consideration between the projects that best define the direction, as set out at the highest level.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The annual percentage rate- The annual percentage of the quantity you have obliged to pay to borrow the money with applicable fees and interest charges accordingly. Furthermore, if your APR is higher, you will be required to pay a substantial quantity following the criteria.

• Down payment– This necessitates payment in advance based on the car’s cost. It lessens the total amount of money you need to borrow, resulting in reduced monthly payments.
• Loan duration– The timeframe in which you must pay back your loan.
• Monthly payment– The amount you owe each month to the lender comprises principle, interest, and fee charges.
• Principal– Remaining amount after subtracting fees, interest, penalties, and other additional costs.
• Total loan amount– aggregate amount of loan, including principal and interest.

Moreover, you will have to repay the loan over the set period.

Afterward, it’s imperative to determine a budget initially.

When you figure out your budget, it assists you in acknowledging how much you can pay monthly and other expenses.

It would be best if you financed when you can do so. For example, you might want to consider first paying your outstanding debt on your car before deciding whether to buy or lease a new vehicle.

Prepare credit report file

It’s a clever idea to have a copy of your credit history before significant financial purchases.

Having a copy of your credit report offers you a clear idea of your qualification and interest rates. Nationwide reporting agencies provide free credit reports every twelve months.

Let’s proceed towards understanding how car payments are calculated!

How to calculate car payments?

When it comes to car payments, there are a few factors to consider:

• The vehicle’s latest value
• Any trade-in value from a prior vehicle
• The money you offer down as a deposit
• The loan’s whole amount
• The loan’s interest rate
• Loan duration

What causes rejection in incurring a car loan?

In this financing world, one must consider a few things to avoid rejection or hindrance in the process.

• Your credit score is not according to the criteria
• You made a mistake on the application
• The lenders didn’t find you suitable due to their standards
• Application requirements for a car loan

When taking out a car loan, completing a loan application is mandatory. This procedure is essential to collect information about your financial status. For this process, you necessitate:

• The number allocated by the Social Security Administration
• Addresses from the past and present
• Information regarding current and previous employment
• Total income
• Sources of income
• Any other debts you may have applied for

Prequalification is the first step in the approval process, which involves looking at your credit score. Even though you’ve been prequalified, your loan term and approval may vary once submitted your application. It will not influence your credit. Still, if you meet the pre-requisites and proceed with the application, the lender will conduct a complicated investigation on your credit, which will result in a lower credit score.

However, there will be a minor negative influence on your credit if you conduct all your comparative loan research in a short period.

How many types of financing are there?

There are two types of financing.

• Direct lending
• Car dealership financing

Direct Lending

Direct lending translates to borrowing money from a bank, financing company, or credit union without any third party. You can apply for a loan and sign an agreement on a loan duration, interest rate, and finance charges. In addition, you utilize the loan to purchase your new car.

However, if you are looking forward to opting for this type, it’s a great choice, but to avail the best deal, you must analyze and compare multiple lenders and their terms before deciding. Moreover, if you apply for pre-approval, you can learn about the credit terms beforehand.

Dealership Financing

Numerous automotive dealerships provide car loans. In this case, your dealer acts as a lender and lends you money to buy a car. You get into a contract with a dealer and commit to paying off the loan amount at a specific time. However, Dealer financing has its financial charges and particular loan and payback terms.

Pinpoint the best financing deal

You can use comparative surfing to locate the best credit terms and cars for your specific needs. Browsing around for excellent financing and car offer is imperative even if you prefer direct lending over dealership financing or vice versa. Moreover, don’t hesitate to bargain over the conditions they provide.

When comparing deals, remember the following terms, conditions, and expenses associated. Also, remember that the total amount you’ll pay is determined by the amount of financing, the annual percentage rate, and the loan period. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Are there different types of mortgages?

Yee, there are two common types of mortgages:

• Fixed-rate mortgage
• Adjustable-rate mortgage

Fixed-rate Mortgage

Fixed-rate mortgages are defined by an agreed-upon interest rate for a set time, usually 15 to 30 years. If a borrower chooses a shorter term, they will be required to pay larger monthly installments in this category. On the other hand, the longer the time, the lower the monthly cost. Furthermore, if a borrower delays payment, additional interest rates are imposed!

On the other hand, a fixed-rate mortgage provides a significant benefit: borrowers can count on consistent monthly payments for the loan duration. Consequently, borrowers will be able to avoid any surprise fees and stick to their household budget due to this. Moreover, if the market rate rises, the borrower has no obligation to implement.

Adjustable-Rate Mortgages

An adjustable-rate mortgage (ARM) has variable interest rates, which means that monthly payments might alter depending on market rates and fluctuations. As a result, borrowers in this category must comply with higher interest rates.

An adjustable-rate mortgage’s interest rate is designed to be evaluated and changed at predetermined intervals. For example, you could change the rate once a year or every six months.

Components of Mortgage

Collateral

To apply for this mortgage loan, one must sign an agreement with the lender and pledge your property as collateral. If you backslide to repay the loan, the typical practice is to possess your home. Foreclosure is the name given to this process.

Principle

The principal refers to the total amount of money you can borrow from the bank. You also can put more of your money towards the house’s purchase price. A down payment is a deposit made in advance of purchasing a home.

Interest

A certain percentage is charged on your borrowed money by the lender. Most of your monthly payments are made up of interest and principal, eventually lowering your debt.

Taxes

The local municipality gathers taxation measured as a percentage of the home’s worth when purchasing a home. These levies are typically used to aid the community in education, roads, and other infrastructure.

Insurance

Lenders will need you to purchase home insurance, just as you would health insurance to cover you if you become ill. In addition, this insurance often covers natural catastrophes, fire, theft, and other perils.

Make sure you conduct extensive research and determine the most suitable lender for a promising future!

What will you require to obtain a mortgage?

A Deposit

A deposit is required to obtain a mortgage. However, you can benefit significantly from a higher deposit. For instance, if you save 10% of the deposit, the mortgage will be 90% of the property’s worth.

Having a Decent Credit History

Primarily, a lender will assess your credit history once you apply for the mortgage. Doing so determines how you have dealt with debt in the past. If you have a good credit history, you will be offered a lower interest rate on the mortgage.

Evidence for affording capability

The mortgage lender will assess your affording ability. It happens by looking at your earnings and expenditure. However, they will view your payslip if you are doing a job. Then they’ll consider your other financial obligations to determine how much money you can borrow.

A Suitable Residence

Before dream house searching, your mortgage lender will grant you mortgage principles. However, they will not transfer the amount unless they have completed an appraisal of the property you wish to purchase. This part is necessary since it ensures the property’s value, what you will pay, and what they will receive after repossession.

Making Mortgage Payments

You are required to agree on a term of mortgage with the lender. It illustrates the years it will take to pay the loan back. The standard period is 25 years, but specific lenders grant 35 years. However, if you can pay the loan in a short period, you may choose a short term. On the other hand, the lender will inform you regarding the monthly payments.

The amount you received is referred to as capital.

Interest is the amount you give to the lender.

You can pay off a mortgage in two ways:

• You must pay a percentage of the capital and a portion of the interest each month. Consequently, you purchase your home outright at the end of the period.
• Interest-only This implies that you only pay monthly interest, resulting in fewer monthly payments. However, you’ll still owe the money you obtained after the period.

Furthermore, “arrears” refers to failing to pay your monthly mortgage payments timely. Your home will be repossessed if you do not pay your arrears when your mortgage lender requests it. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

By: Jennifer Brazer

Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.

Fact Checked By: Brittany McMillen

Career Selection: How to Find Your Perfect Path

I remember sitting across from a client, watching their eyes light up as they discovered a career path they’d never considered—but one that fit them perfectly. They’d spent years drifting through jobs that didn’t feel right, all because no one had shown them how to connect their passions, strengths, and market realities. That moment changed everything. And it’s exactly why I wrote this guide on career selection.

Whether you’re fresh out of school, pivoting mid-career, or just tired of the Sunday Scaries, choosing a career isn’t just about picking a job—it’s about investing in your future happiness, stability, and sense of purpose.

Let’s get you on the right path.

Key Takeaways

• Match your passions and strengths with real-world roles for long-term satisfaction
• Use labor market tools to evaluate job demand and career sustainability
• Invest consistently in learning to stay ahead of industry shifts
• Build genuine professional relationships to unlock hidden career opportunities
• Choose a career that supports your well-being and lifestyle needs
• Use trusted assessment tools to identify your best-fit path with clarity

The Intersection of Passion and Skills in Career Selection

Let’s tackle something I see too often: people choosing careers just because they’re “safe” or “expected.” That’s how you end up stuck, bored, or burnt out.

I always advise clients to look where passion meets ability. What do you love doing, and what are you naturally good at? That intersection is gold.

Recent data supports this approach—in early 2025, 81% of workers reported being generally satisfied in their current roles, with only 29% planning to look for a new job in the first six months of the year. This is down from 35% in July 2024, showing a positive trend in workplace satisfaction when people find the right fit.

Use career assessment tools such as the O*NET Interest Profiler to plug in your interests and strengths—it’ll show you real career options that sync with who you are. You’re not choosing blindly; you’re mapping your future based on personal alignment.

Want a quick reflection exercise?

• List your top 5 favorite activities or topics
• List your strongest 5 skills
• Look for overlap
• Now, research industries or roles where that overlap thrives

This is career selection with clarity, not guesswork.

Assessing Job Market Trends and Outlooks

Here’s a hard truth—your dream job isn’t a dream if there are no job openings for it. That’s why understanding industry shifts and job outlooks is non-negotiable.

I always recommend clients bookmark the up-to-date employment options data from the Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics. It’s basically your career weather forecast—showing which roles are growing, which are lagging, and what skills are in demand.

For example:

• Career Fields on the Rise: Data science, healthcare, green energy
• Slowing Down: Traditional manufacturing, certain administrative roles

By keeping an eye on job trends, you’re not just planning—you’re preparing. Combine passion with practicality, and you’ve got a winning formula.

It’s worth noting that job satisfaction has significantly improved over time. Research from Pew Research shows that in the 1980s, job satisfaction rates were much lower compared to today, largely due to limited career options and less emphasis on employee well-being. Today’s workplace cultures prioritize balance and satisfaction far more than in previous decades.

The Role of Continuous Learning in Professional Development

Think your diploma is the finish line? I hate to break it to you—it’s barely the starting pistol.

Career growth today depends on one thing: continuous professional development through online courses, certifications, or weekend workshops. You need to keep learning to stay relevant.

This principle is backed by compelling data—job satisfaction increases significantly with age. Only 26% of workers between 18-29 consider their current job a career, compared to 60% between 30-49. Why? Older professionals have typically invested more in continuous learning and skill development.

Why continuous learning matters:

• Promotions go to people with current skills
• Employers favor adaptable learners
• Industries evolve—your skills should too

IBM serves as a perfect case study here. They introduced robust internal mobility programs focused on reskilling and upskilling. This initiative helped employees transition to new, exciting career paths within the company, enhancing job satisfaction and career growth. That’s not just good corporate policy—it aligns perfectly with professional development insights from the World Economic Forum’s Future of Jobs Report.

How Networking Influences Career Paths

You know that old saying, “It’s not what you know, it’s who you know”?

It’s both.

Networking bridges the gap between opportunity and access. I’ve seen it time and again—a casual LinkedIn message or coffee meetup leads to an interview, a referral, or even a career pivot.

Research shows that an effective onboarding process—which often includes networking—can keep 69% of new hires for at least three years by fostering purpose and belonging. This is why connecting with others in your field isn’t optional—it’s essential for deciding on a career path when job searching.

Here’s how to leverage networking without feeling sleazy:

• Join industry-specific groups or Slack communities
• Attend virtual or in-person meetups—ask questions, not just for jobs
• Offer help before asking for it
• Follow up with people who inspire you
• Use tools like Lunchclub or Meetup to discover relevant events

You’re building social capital—and careers are built on those connections.

Achieving Work-Life Balance in Your Career Selection

Imagine loving what you do but dreading your life outside of work because there’s no time or energy left. That’s a warning sign—not a success story.

Work-life balance isn’t a perk; it’s a pillar of sustainable career satisfaction. When selecting a career, ask yourself:

• Does this field respect downtime?
• Are there flexible employment options like freelancing?
• Does this role support mental wellness?

You can work hard without burning out. In fact, careers that encourage balance often lead to higher productivity and retention. Your well-being isn’t negotiable—so don’t choose a path that neglects it.

I’ve coached countless professionals who initially chose high-paying but demanding careers, only to switch to roles with better balance despite sometimes earning less. Nearly all report higher life satisfaction after making the switch.

Utilizing Career Assessment Tools for Informed Choices

When I started coaching, I underestimated tools like career quizzes—until I saw the data.

Modern career assessments aren’t just “BuzzFeed-style” fun—they draw from real psychology and data to highlight potential fits you might’ve overlooked.

Top tools I recommend:

• O*NET Interest Profiler
• 80,000 Hours Career Quiz
• Myers-Briggs Type Indicator (MBTI—take it with context)
• Strong Interest Inventory

These tools are like GPS for your job choice journey. They won’t decide for you—but they’ll point you in a direction worth exploring.

I recently worked with a client who was convinced she needed to stay in marketing—until an assessment revealed her analytical strengths and interest in healthcare. She’s now thriving as a healthcare data analyst, earning more and feeling far more fulfilled.

Real-World Case Study: Career Transition at IBM

Let’s look deeper at IBM. They noticed a growing number of employees felt stuck in old career models. So they introduced robust internal mobility programs—focused on reskilling and upskilling.

Employees who once feared layoffs instead found new, exciting career paths within the company. Professional development wasn’t just encouraged—it was expected.

The point? Companies are catching on. And you can too. Align yourself with employers and roles that prioritize your growth. That’s the blueprint for long-term success in any career path.

Conclusion: Your Next Career Move Starts Here

Career selection isn’t something you rush through—it’s something you get right.

Now you know the essentials: how passion, skills, market awareness, and personal well-being shape your long-term career satisfaction. Whether you’re choosing for the first time or the fifth, use this knowledge to make informed, confident decisions.

The stakes are high—this choice affects not just your income but your daily happiness and sense of purpose. The good news? You now have the tools and knowledge to make this decision with confidence.

And if you need help mapping out your next financial steps once you’ve chosen your path, visit CompleteController.com for strategic resources designed to guide your professional journey.

Because the right career doesn’t just make money—it makes meaning.

FAQ

What is the most effective way to align my skills with a career?

Start with career assessment tools like the O*NET Interest Profiler, then talk to professionals in fields that match your results. The most effective approach combines objective assessment with real-world validation from people already working in those roles.

How do I stay updated with the latest job market trends?

Bookmark the Occupational Outlook Handbook from the Bureau of Labor Statistics, follow industry news via LinkedIn, and set up Google Alerts for your fields of interest. For deeper insights, join professional associations related to your target career—they often provide industry forecasts to members.

Can networking really help me change careers?

Absolutely. Nearly 70% of all jobs are found through networking rather than job boards. Many people successfully switch industries through referrals, informational interviews, and relationship-building. Focus on making genuine connections rather than asking directly for jobs.

Is work-life balance truly important for career satisfaction?

Yes—it’s critical. Studies consistently show that even high-paying jobs with poor work-life balance lead to burnout and eventual career changes. Sustainable energy and motivation long-term depend heavily on balanced living, regardless of salary level.

What role does continuous learning play in career advancement?

It’s fundamental. Continuous learning keeps your skills relevant, opens promotion paths, and boosts your marketability. In today’s rapidly changing job market, professionals who regularly update their skills earn 15-20% more on average than those who don’t.

Sources

• Bureau of Labor Statistics. (2023). Occupational Outlook Handbook. https://www.bls.gov/ooh/
• CareerVillage. “What things should I consider when researching career paths?” https://www.careervillage.org/
• CompleteController. “Earning with Online Courses.” https://www.completecontroller.com/earning-with-online-courses/
• CompleteController. “How to Find a New Job.” https://www.completecontroller.com/how-can-you-find-a-new-job/
• CompleteController. “Gain Your Freedom with Freelancing.” https://www.completecontroller.com/gain-your-freedom-with-freelancing/
• Indeed. “How To Choose a Career Path in 9 Steps (With Examples).” https://www.indeed.com/
• MyNextMove. “O*NET Interest Profiler.” https://www.mynextmove.org/explore/ip
• NCcareers.org. “Explore Occupations.” https://nccareers.org/
• Novoresume. (2025). “100+ Job Satisfaction Statistics You Need to Know in 2025.”
• Pew Research, cited in Novoresume. (2025). Job Satisfaction Statistics.
• Robert Half. (2025). “Career Satisfaction on the Rise: Fewer Workers Planning a Job Change in Early 2025.”
• Robert Half. (2025). “Fewer Workers Planning A Job Change In Early 2025.”
• Society for Human Resource Management (SHRM), cited in Zippia. (2025). “35 Insane Employee Engagement & Job Satisfaction Statistics 2025.”
• World Economic Forum. (2023). “The Future of Jobs Report 2023.” https://www.weforum.org/reports/the-future-of-jobs-report-2023
• 80,000 Hours. “The evidence on how to find the right career for you.” https://80000hours.org/
• Zippia. (2025). “35 Insane Employee Engagement & Job Satisfaction Statistics 2025.”

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

It is unbelievable how many people want to learn to invest but, for various reasons, do not dare to do so. Trading entails buying and selling more frequently to accumulate wealth sooner rather than later and is, therefore, more profitable than buy-and-hold assets. Traders must either make a profit or lose money. With these five ideas for learning to invest in the stock market, I hope to assist you in becoming a master in this field without having to do it alone.

Tip #1: Learn to invest from the best

It’s critical to understand how to separate the wheat from the chaff. False investing gurus abound in the media, particularly on the internet, advertising infallible strategies to invest in the stock market and quickly make money. Most, if not all, of them are con artists who earn a profession by selling worthless books and courses at inflated costs.

We must look at the historical profitability of their investments to figure out who the best are Warren Buffett, Peter Lynch, David Einhorn, and Phillip Fisher, the managers of Best Inver. They’ve all made excellent returns on their investments, making many shareholders and fund participants wealthy who have put their faith in them over time. If you’re lucky, you can make a lot of money in a year, but the value of an investor is proven over time.

What do most of the most successful investors have in common? They invest in long-term stocks based on the value investing theory. They don’t day trade, scrutinize charts, or invest in derivatives with high leverage. Do not sell the bike with wrong promises; focus on value investing if you want to learn how to invest like the pros.

Tip #2: Read a lot and of quality

We must begin to work as soon as we have determined that we will learn from the best; that is, we will learn to invest using the foundations of value investing. The most excellent way to do this is to read a lot. But it isn’t sufficient; we also need to seek out high-quality content. There are three key content sources that you should not overlook:

Books: The source of all wisdom. Because there are so many investment books available, I propose that you look through my list of “recommended books to learn to invest in the stock market, “which will surely be useful. I always start with Benjamin Graham’s “The Intelligent Investor,” which lays the basics of value investing and teaches us how to think like an entrepreneur investor.

Blogs: Today, we are lucky to have this great free resource at our disposal. I see some highly recommended investment blogs in Spanish in my links section.

We can’t rule out the use of social networks for investors as a source of information. Take an eye at my article on the three social networks for investors worth being on to figure out which ones to use.

Tip #3: Be patient

Before you begin, you must understand that learning to invest takes time and a long time. Furthermore, investing is a lifelong art that necessitates ongoing study. The learning curve for inversion is quite like that of martial art. You can learn the fundamentals in less time, but becoming a great master takes a lifetime, and the learning process never ends.

Tip #4: Apply Theory

To learn to invest, you must have an excellent theoretical foundation. Practice, on the other hand, should not be overlooked. It is vital to strike a balance between theoretical and practical learning. For example, you can begin by studying the results and annual accounts of a few publicly traded firms to gain experience. Then it will be easy to assess the companies in-depth in the future.

Tip #5: Be consistent

When it comes to understanding how to invest in the stock market, as with diets, physical exercise, or studies, consistency is essential. As the Roman poet Ovid said:

“Not because of its energy, but because of its cons instance, a drop of water pierces the rock.”

My advice is to create a roadmap with defined goals in mind. For example, every month evaluate a corporation or every two months, read a book. What matters is that these goals are specific, attainable, and appropriate for our time and knowledge.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Workplace resistance to change can present itself in a variety of ways. Absenteeism, missed deadlines, broken pledges, and a general sense of apathy are all signs that an organization’s members are not fully involved.

Leaders must determine where resistance is most likely to arise and design a strategy to avoid it to address these issues. Specific tactics help organizations overcome weak opposition to change in this manner.

1. Always start with an assessment of the current process

When trying to describe the three stages of change, such terms are used as:

• Present state – the organizational environment and procedures before the start of the implementation of transformational initiatives,
• Transitional state – the period of performance of changes in the company,
• Future state – the form of the organization after the transformation is completed.

Resistance can arise at any of these three stages and is based on specific problems or causes in each of them:

The exit from the current state is the feeling that something is being taken away. Employees often feel that change is meant to make things worse for them or deprive them of certain benefits or benefits.

Being in transition – the experience of being in an unknown or changing environment creates a more nervous work environment, and staff feels insecure about their work, tasks, and job responsibilities.

Achieving the future state – the difficulty of learning something new or the fear of failure, unwillingness to change, expand responsibilities, or transform one’s role.

Resistance can also be a reaction to ongoing changes. The reason for this behavior may be the translated value of the changes. It is an objection based on change.

In terms of managing resistance, we take the necessary steps to reduce it throughout the process. It is essential for employees to successfully transition to acceptance and use of what has been achieved, which leads to realizing organizational benefits and project goals.

2. Use every possible way to control resistance

It is possible to lessen the negative impact or even eliminate it through systematic work with potential and emerging opposition to the transformation from the staff in three key areas:

Prevention of resistance

The best method to reduce the chance of conflict is to do some upfront outreach, and low awareness is a primary reason for resistance to change. Middle managers are involved in communicating change priorities compared to other projects and initiatives. Therefore, as part of the prevention of resistance, change agents and management hold meetings and discussions with employees to convey why the change is happening, why now, and what the risks are if it does not occur.

Proactive resistance control

It is anticipation and early detection of possible resistance, the elimination of which can be planned. It is necessary to consider what may cause dissatisfaction on the part of employees, what actions or ideas require clarification, and what problems and experiences of personnel become causes of resistance, and then carry out preventive work in these areas.

Reactive resistance control

Once prevention and proactive management have been implemented, a reactive approach comes into play to deal with the resistance that arises directly in the process of change. A similar format is used when objections could not be predicted and foreseen or with persistent and prolonged resistance from several employees on specific issues.

3. Implement resistance management through the project lifecycle

As changes move from the initial design stages to their immediate implementation, the project team must consider how resistance will be tracked throughout the project’s life, for example, with the help of unique mechanisms (measurement tools and empirical assessments). This activity will be considered a component of reactive resistance control. Examples may include:

• Employee feedback – employee feedback loops are part of the Communications Plan and the Learning Plan (Phase 2 – Manage Change Plans).
• Supervisor Input – Managers and supervisors should be able to communicate directly with the project team during the coaching process.
• Project Team Issues – You should record issues identified by the project team in an issue log or risk log to track them closely.
• Compliance Audits – Compliance audits are conducted as part of the post-implementation change support activities. These are professional metrics and indicators that allow you to identify additional areas of resistance in which support is needed.

Resistance is a natural reaction toward change, but you have control over its duration, associated costs, and impact on outcomes. Change agents and team leaders must anticipate possible resistance and plan activities to eliminate it and support employees in the process of change. Such actions minimize the adverse effects of unpreparedness and resistance to change on the part of the staff, which increases the effectiveness of the overall change management program and paves the way for achieving the intended results within the organizational transformation.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

1. Culture of sales organizations

The factor of the volume of transactions for trade organizations is critical. Therefore, employees must make quick decisions to sell goods and services. Here, the corporate culture is focused on forming a friendly team because the organization’s long-term goals and deeper values are not of interest to plan-oriented employees as the only criterion for assessing their success.

2. Speculative culture

Exists in banking and trading companies; companies’ business is focused on the ability of employees to make quick decisions in a changing market situation and conclude deals based on the difference in the exchange rate. Unlike sales organizations, employees are given much less time to interact with the client. The corporate culture is based on recognizing personal merits and creating comfortable conditions for work and self-realization, but nothing more.

3. Administrative culture

As a rule, the corporate organizational culture is present in organizations in classical markets, which are characterized by predictability and stability. Such markets are not subject to sudden changes, and the scale of customer coverage ensures presence in such markets. Such organizations are focused on compliance with the forms and rules of doing business.

4. Culture of long-term goals

This type of corporate culture of organizations is created to implement investment plans or develop long-term production or infrastructure projects.

Such organizations follow a business plan, so the tasks assigned to employees and their actions are foreseen and agreed upon in advance. Since business plans are subject to minimal changes over a long time, it is the responsibility of employees to perform their daily tasks accurately.

5. Power vertical

A strict hierarchy characterizes such organizations. The leader of the organization builds corporate culture. Decision-making, setting tasks for employees, and reviewing the achievement of KPIs are carried out centrally. The success of the leader himself determines the success of such companies.

6. Corporate culture with the distribution of tasks and areas of responsibility

It is characterized by a rational allocation of functional duties and areas of responsibility. Control is exercised by a tiny number of executives’ staff. The activity, development, and determination of each unit’s achievements correspond to specific rules and regulations.

7. Corporate culture among professionals

Organizations with this type of corporate culture are task-focused. Influence on production processes, allocation of resources, and setting goals are mainly subject to industry experts who have the necessary knowledge to implement the project.

If one or several experts are invited to the organization to solve a temporary problem, then against the background of the whole team, they initially look like foreign bodies. In this case, experts are exempted from excessive participation in meetings, team-building events, etc.

8. Clan corporate culture

Described by William Ouchi as an additional form of association and coexistence of employees within the company, regardless of the type of corporate culture. It is characterized as a corporate subculture consisting of several employees (clan) who support each other in solving corporate issues. The clan itself forms the value system of such a corporate subculture.

Joining a clan is described in Soviet and Russian literature as a social phenomenon – “registration in a team.” The rules of interaction among members are based on “fellowship,” family affiliation, military service, etc.

Depending on the clan’s strength, the tasks assigned by the management to the employees belonging to such a clan can be transformed, delegated to the “right people,” or ignored. Belonging to a clan close to management or company resources allows employees to perform their immediate tasks quickly and seamlessly.

9. Breakthrough corporate culture

It is typical for startup projects when a team of enthusiastic people is preparing to launch a new service or technology. Rational components in the actions of employees within the project can be different. The emotional component is subject to logic – creating a product that the market will recognize.

10. Digital corporate culture

The content of the digital corporate culture is determined by the rules of communication and project management in programs, applications, instant messengers, etc. This type of corporate culture is instead added to the basic typology, but according to the criterion of employee setting tasks, the achievement of KPI can be considered independent.

In the modern global world, the digital method of communication is the main one and requires its own culture of communication, form, and response time. Digital corporate culture is characterized by rapid feedback, which entails quick decision-making and immediate incoming and outgoing information processing. These are external attributes of the digital corporate culture.

11. “Crisis” corporate culture

This corporate culture is typical for companies in which the spirit of “strong managers” is cultivated who can independently lead a business line or a new project.

Potential team members are recruited into the team to replenish the team of effective managers. At the same time, the team is divided into two groups: employees of the leading team and newcomers who have not yet confirmed their competence in business.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.