Success Stories

Thursday, July 28, 2011

Personal Finance: Is it the right career for you? (Guest post with Manisha Thakor)

If you've got a knack for numbers and love money, you might like a career in personal finance.  To help you decide, I asked personal finance expert Manisha Thakor (guest on my SIRIUSXM radio show tomorrow 7/29/11) to share a day in the life and her experience on the job... 

Q: How did you find your passion for personal finance?

A: My interest in all things personal finance started at an early age. I grew up in a small town in Indiana where cheerleaders and football players ruled. Being nerdy and socially awkward to put it mildly... it became VERY clear to me at an early age that "a man was not going to be my financial plan".   And my real secret weapon has been my parents.  My dad has always worked in finance and I can remember being around eleven years old and him teaching me how to use his HP12C calculator to see if I contributed my lawn mowing and babysitting money to an IRA and it grew at 6%, 7%, 8%, etc. what I'd have at retirement.  When I saw the size of those figures over time, yeesh - that sure got me hooked on finance!  And my mom has long been a staunch feminist. She used to read me books like "Free To Be You And Me" and gave me gender neutral toys to play with. So stir all that together and from a young age I had both the (harsh) social realization that not all girls grow up to be princesses and the inspiration and information from my parents to learn how to provide for myself. Being financially independent has completely changed my life for the better and I want to help as many other women achieve this kind of life choice and freedom as well.

Q: Is Personal Finance growing as a field?

A: Absolutely!  During the 1980s, 1990s, and into the early part of the 2000s, as a nation we spent well beyond our means. It's going to to take quite some time for us to recover from that 25 plus year financial party.  On top of it, the financial landscape has become so much more complex of late, it's essential to get education and help to navigate the financial seas.  I see the next couple of decades as being excellent ones for individuals interested in financial planning.  It may not be as "sexy" as the investment banking and hedge fund craze of recent years... but personally as someone who spent nearly 15 years in the financial services industry in a more corporate role, I find helping real people eliminate financial stress from their lives through financial planning to be incredibly rewarding - both emotionally and financially.

Q: What does it take to be successful in a Personal Finance career?

A: For readers old enough to remember the "Weeble Wobble" toy... it had a motto "Weeble's wobble but they don't fall down."  They were an egg shaped toys weighted at the bottom so no matter how close they came to hitting their heads on the ground and wiping out when someone knocked them over... they always bounced back up. I've found that kind of tenacity in the face of the inevitable road bumps you encounter when trying to build a career or business to be the secret sauce.  A close second is to never ever forget that business at the end of the day is about people.  Like many women, I spent far too many years thinking hard work alone would move my career forward.  Now that I'm in my 40s, I realize that so much of success comes from others.  It really does take a village - so while working hard to hone your skill or craft is important, I see now that to be truly successful you also need to get to know others in your field as well. Besides, it sure makes work more fun to have real, meaningful human connections in your work.

Q: What do you recommend for people who want to follow in your footsteps? 

A: Before going out on your own, be VERY clear on how you are going to monetize your interest or skills.  I've learned the hard way that "wanting to do good" is a lousy business strategy. Much better to want to earn a fair profit in exchange for providing a truly valuable service or product.  In my case I originally thought I'd make a living helping women in more of a one-on-one level.  But as I got a better feel for market demand and my skill set I realized I would hit the sweet spot of doing work that mattered, making a profit, and enjoying life... by helping women on a one-to-many basis through my speaking, writing, teaching, and corporate work.  It's not the model I started off with but as every good MBA know... without cash, your businesses doesn't last!  Or said slightly differently, I took something I had a genuine passion for, something I've long considered almost a hobby (i.e. a deep interest in personal finance) and turned it into a solo career - but it wasn't a profitable solo career until I realized that trying to help the women of the world become economically empowered would be a much more impactful if I first demonstrated that through my own actions.  Oh - and never miss Maggie's radio show. A constant stream of career wisdom is to be found there.  That's my other key tip for others :)

Thank you Manisha for the insights and radio plug;).  For more great personal finance advice including Manisha's inspiring "Women's Financial Literacy Initiative", go to ManishaThakor.com. Through teaching, writing, and speaking about the basics of personal finance, Manisha helps working women who want to put themselves in the financial driver's seat of their lives. As she likes to say... when you "Own Your Finances" you can "Own Your Life."

(Photo courtesy or Amagill.) 

Posted by maggie at 11:45 PM
Friday, February 18, 2011

Continuous Networking & Other Secrets of Success From Kerry Hannon

Kerry Hannon, author of the Amazon best-seller "What's Next?" joins my SIRIUSXM career talk show today to share inspiring stories from real people who have changed careers mid-life. Here's more from Kerry re: the roadmap that continues to lead her to her dream job...

Q: What do you want your life/work to stand for? 

I knew I wanted to be a writer since I was a kid. I read every book I could get my hands on, egged on by an older sister, Patty, who loved to read just as much. I wrote my first book when I was ten—all about kids and ponies. (It hasn’t been published yet). 

No surprise since that was exactly what my life was all about. We had a five-stall stable, dogs, horses, cats and four of us kids racing around. Mom refers to it as “a zoo”. She never knew who would be at the table for dinner with us. Who wouldn’t want to hang out at our house?

The question was how to make money as a writer. I knew I didn’t want a desk job-too boring and claustrophobic. I wanted to find a job where I would always be learning, meeting new people and traveling. 

I began by interviewing professional horseman at the horse shows I went to as a competitor on the “A” circuit when I was around eighteen. I sold the profiles to horse magazines for a whopping $100 a piece at first, but it felt like a thousand.  And so it goes. Today, I am still writing profiles of people in What’s Next? Follow Your Passion and Find Your Dream Job.

After graduating from Duke University, I built-out my portfolio as a freelance writer in my hometown of Pittsburgh– stringing for Business Week, working as the regional correspondent for Advertising Age, covering nightlife for Pittsburgh magazine, where I profiled local musicians. I wrote a dance column for an alternative newspaper, covered school board meetings and more for the Pittsburgh Press. 

When I was 25, I landed the big job at Forbes, after persistently calling for an interview and assuring the hiring editor that Forbes was my father’s favorite magazine, in fact, the only one that he had delivered to our home. All true. It was magic.

I got the job. I moved to New York and off my career went as I headed up th masthead moving from Forbes to Money to U.S. News & World Report and USA Today. I have written six books along the way, and it has been fantastic. My dream was to one day have a column in a national newspaper with my picture. (I wrote the Your Money column for USA Today) and write books. Check. 

Best news: Ten years ago, I went off on my own again to be an independent freelancer with several clients, including Forbes, U.S. News, USA Today. Lesson here: never burn bridges. The new ones, like AARP and CBS MoneyWatch, come along the old-fashioned way, through continuous networking, a habit I started back in my 20s and have always made the effort to maintain.

Q: What gets you out of bed every morning?   

Here’s the real secret to my success as a writer and journalist: When I was young, I learned to write about my passion–horses– and share that with others, and it was sweet. Today, I’m fortunate to write about other people’s passion and pass that inspiration on to readers to help them follow their dream.

But I also write about personal finance and money and work issues that touch people’s lives in a more direct fashion. I try to make sense of a topic that makes people panic and freeze. I lay it out in simple, “news you can use” fashion that both my 81-year-old mom and my teenage nephew can understand. And I believe in my heart it makes people’s lives better.

That gets me out of bed in the morning. Well, actually, my yellow Labrador Retriever, Zena, is truly responsible for that, but you get my drift. I have been able to translate my love for writing and meeting people into meaningful work that helps others.

Q: What's the one piece of career advice you wish you'd known sooner in your career? 

The one piece of advice I wish I’d known sooner in my career is that it pays richly to work hard and to communicate with the people you report to regularly. 

That sounds obvious, but when I was young I had a certain sense of entitlement I think and felt I didn’t need to ask for help. I was afraid to show that I didn’t understand something or even make sure my editor and I were in synch. I wanted to do things my way. And frankly, I didn’t always respect what a difference it makes when you file your work early. Surprise. Everyone’s job is easier, and you get hired again and again.

Today, I work harder than I ever did when I was in a staff job. I care about my product deeply. I get up at 5:30 every morning and go to it. I work every day, but I love what I do, so it doesn’t matter. And I make sure I find time to walk Zena and ride my horse regularly. That’s living the dream.  

Kerry Hannon, a career reinvention and transition expert, is a nationally acclaimed personal finance contributing editor and retirement correspondent for U.S. News & World Report and a featured blogger on second careers at Forbes.com. Kerry is also is the Great Jobs for Retirees columnist for AARP.com.  For more, go to: http://www.kerryhannon.com.

 

Sunday, November 7, 2010

Turning Your Passion into A Business

Many people dream of taking a passion and turning it into a successful business. Maybe it's time to stop dreaming and start doing.  

For inspiration, this week I"m sharing how one of the loyal listeners to my SIRIUSXM radio show, Vinny Penoro turned his passion for baking into a side business.

Finding Passion for Detail & Baking - Growing up, I loved to watch my Grandmothers cook, always with attention to detail. That attention to detail left an impression on me.  No matter what job I had, I had to do it perfectly.  I went to X-Ray school and received an award for technical excellence.  Their cooking left an impression too.  I have a real passion for cooking and baking.  I've prepared gourmet meals for friends and family for years.  Then at the age of 45, I kicked up my baking skills by graduating from a 13-week baking course achieving a 99 average.  Every time someone took a bite of my baked goods, I heard repeatedly, “this is the best I ever had.”

Starting A Bakery On the Side - The job of taking x-rays was not satisfying me. I changed employers a few times thinking this would help, but it didn't. Finally, after baking a special cookie I had created myself and hearing , “you should sell these”, I decided to take the plunge.  It was difficult for me to leave a well-paying job cold-turkey, so I decided to bake one day a week and slowly build my business on the side. My business, primarily a wholesale bakery, called Sweet Lady Lulu's (named after one of my grandmothers), is located in East Islip, NY.  I supply restaurants and sell my baked goods at farmers' markets.  Now I'm expanding my time spent on the business - taking X-rays only three days a week and baking two.

Learning that Doing What You Love Makes For A Happy Life - The satisfaction I get from seeing people enjoy my products and getting that, "Oh my", look on their faces makes it all worthwhile. Doing what you love is the key to a happy life. Some people may think being rich is the key.  That's good too, but when you feel the sense of accomplishment doing what you love, life seems much happier and fulfilling.  

Thanks Vinny - I've tried your baked goods  at SweetLadyLulus.com and they are amazing!  

Are you ready to find your passion?  Ready to start your business? I built my coaching practice on the side to start too.  Keeping your day job doesn't need to keep you from your dream.  Call into my radio show every Friday 4-5p ET at 866-675-6675 if you have questions about how to get started.  Just like Vinny and just like me, you can learn that doing work you love makes for a very happy life!  

Posted by maggie at 11:47 PM
Sunday, April 25, 2010

Dream Job Success Story: Soul Search BEFORE You Job Search

Unemployment is holding steady at 9.2% but that doesn't mean you can't land your dream job.  

To demonstrate, I've asked one of my amazing clients to share her success story and lessons learned so you too can find work you love...  

 

--Tell us about your new job - what will you be doing and what do you love about it?

I am a career counselor at a law school in NYC and my focus is on public service careers.  I work with law students who are interested in working at non-profit organizations or in the government.  I help them with finding internships, jobs after graduation, and counsel them in discovering what excites them about their careers.  I also organize career symposiums, workshops, and panels, facilitate student participation in pro bono work, and help them get involved in their communities. 

 

What I love about this work is the daily interaction with students and being able to guide their careers and encourage community engagement.  I also really enjoy networking and love being able to build relationships with employers and acting as a matchmaker for students looking for employment.

 

--As a recent job seeker, how are you finding today's job market differs from the past?

In the past, I found the job search to be a much shorter process.  In this market it took me about a year to secure the job I really wanted.  It required much more patience and diligence on my part to secure a position.  I had to do a lot more networking, informational interviews, and volunteering in order to get myself out in the field that interested me. 

 

--What approach did you take to land your dream job?

First, I became very clear with what I wanted.  This involved working with Maggie in determining my mission and vision for my career, what type of office environment I wanted to work in, and what values were essential in the work that I wanted to do.  Once I was clear, I started to do a lot of informational interviews with people in the same field, go to networking events, and apply to jobs online.  My contacts would also send me postings and recommend me informally for jobs.  I found myself being first runner up for a few jobs and I was getting frustrated.  So I decided to get myself out there even more and volunteered at a career services office at a law school that I had done an informational interview with and knew might be hiring in the near future.  After two months of interning, they hired me for this position!

 

--Did it help that you had spent time Soul Searching and Researching BEFORE Job Searching?

Yes!  I have realized from this process how important it is to be clear with what you want and have an understanding of how to get there before jumping in.  I put it out in the universe the type of job I wanted and let everyone in my network know so they could help me in my search.  Then I determined how I could get there through informational interviews, networking events, volunteering and doing research online. 

 

--What advice do you have for others who are job seeking and feel the pressure to take something less than ideal?

I think it’s extremely important to feel passionate about the work that you do, considering how much of your daily life is spent working.  I think once job seekers are clear with what they want to do, (while being realistic on their finances and experience necessary for the jobs they want) they should not compromise on their vision.  I turned down a job that I knew was not the right fit in terms of my goals or the type of office I wanted to work in, and I’ m very happy I waited for the right job to come along!

 

How are you finding the job market?  Did you recently land a new job?  Would you like to and have questions about how you can Soul Search into your ideal career?  Share your comments and questions below.  

 

"Don't just have a job, have a mission." - Civil Rights Leader Dorothy Height

 

 

Posted by maggie at 10:24 PM
Monday, April 5, 2010

Why It Pays to Make the Career Change You Seek

With the Easter holiday, I decided to take some time off and explore Oxford, London and Amsterdam.  (You can follow the highlights of my travels on Facebook and Twitter.)  On the plane ride across the pond, I picked up a copy of USA Today.  In the midst of NCAA Basketball March Madness (of which I am a fan), I was immediately immersed in an article about Brad Stevens head coach of the Cinderella team Butler.  

Butler, a mid-major school located near Indianapolis where the championship game (versus Duke) will be played tonight was not predicted to go this far.  In fact, many have likened them to the fictional team in the movie Hoosiers.  However, in reading about their coach and his mid-career change, I'm not surprised this team has exhibited so much courage and had so much success.  Here's his story...

Coach Stevens played college basketball but chose a career in Marketing and was on the fast track with pharmaceutical giant Eli Lilly.  (I once interviewed with Eli Lilly for a pharmaceutical rep position and found the firm to be invested in employee career development.)  For Stevens, who had been an economics major at DePauw University, it seemed he had it all - a great career at a great company.  

But sometimes things are not what they seem.  

Despite his success, Stevens "chucked all that" and took a job as an assistant coach at Butler in 2000. For those of you not familiar, assistant coaches don't usually make the salary of corporate marketers. But he followed his dream and after the departure of his two successors (who went on to coach at even bigger programs), Coach Stevens had the head coaching job at Butler in just three years.  Not only that, in those three years, he racked up the most wins by a Division I coach.

When you follow your dreams, success follows you. 

According to his players, it's Coach Stevens who keeps his team from getting rattled in close games (Butler got into the championship game with a 2 point victory).  "He leads. We follow." says Veasley, a key leader for the team on the court.  

Tonight, the Butler team will follow their coach into arguably the biggest game in college basketball against one of the best teams.  Whether they win or lose, Coach Stevens and his players have already achieved more than anyone thought possible.  Well not anyone.  I've seen people go further and farther when following their passion.  I'm sure he would have reached great heights in Marketing but now the sky's the limit for Brad Stevens.  Good luck Bulldogs!

To what heights would you like to go?  Share your dreams by commenting here.  By writing down your goals and ideas, you increase your chances of achieving them by three times.  You increase your chances by ten times when you share your dreams and goals out loud --call into my radio show this Friday at 4pm ET at 866-675-6675 and I'll be ready to listen.

(Photos courtesy of Digital Sports Daily and The New York Daily News respectively.)

Posted by maggie at 11:18 AM
Wednesday, July 1, 2009

Working with People in Their Dream Jobs

When you work with passionate people, you get better results! People who are in their ideal careers are more motivated, more innovative and more fun than people just in a job for a paycheck. 

If you need further convincing, check out my latest post on MarthaStewart.com on the Radio Blog! You'll get the see the amazing work of two of my career coaching clients - Designer Trisha Ginter and Photographer Ann Wilkinson and my travel writer husband Craig (also pursuing his ideal career.)

Every customer, every recruiter, every employer wants to hire people who are in their ideal careers. It's the best way to create lasting job security and Trisha, Ann and Craig are all great examples. Hope you enjoy reading it and Happy 4th of July!

What do you think? Do you agree that if you follow your passion, success will follow you? Post your comments and experiences working with talented people!

Posted by admin at 10:58 PM
Sunday, June 28, 2009

Leaving a Legacy Thru Your Career - Farrah Fawcett, Ed McMahon and Michael Jackson

Just turn on the TV or the computer and you will see countless stories, articles and comments on the passings this week of Farrah Fawcett, Ed McMahon and Michael Jackson

I've heard several people ask, "Why do we get so impacted by people we didn't really know?" To me, it's because we take it personally. Seeing their passing makes us once again realize that someday we too will pass. This is tough to swallow especially for people who aren't living life the way they want. 

I often see this as a career coach. People seek out my services at key moments in their lives - like a milestone birthday. They are frustrated because their life and career is not as far along or as fulfilling as they thought it would be. The good news is that these people reach out to me because they are ready to take action with their careers - choosing to no longer be passive recipients of what happens but defining and going after what they truly want.

If there's a shared legacy that Farrah Fawcett, Ed McMahon and Michael Jackson leave - it's that they were tireless in creating the careers they wanted. No one sought them out to offer them lives of fame and riches. In fact, if you read the biographies of these individuals you will see that it was their hard work and dedication that made them the icons we miss today. 

If you're feeling impact from the passing of these talented people, perhaps it's because it's time for you to fully express your own talents. Think about it and I'll leave you with a sentiment. It's from one of my favorite dream the impossible dream stories, Man of La Mancha so that you too can take action to further define your own legacy, "It's not why did he [or she] die, but why did he [or she] live." 

What is your impossible dream? Are you living it? Share your comments here - studies have show that by writing down what you want and putting it out there, you increase your chances of success by 10 times. Now let's hear it!

Posted by admin at 4:00 PM
Tuesday, April 7, 2009

Real Life Success Story - Using the Downturn to Springboard into a New Career

When times are uncertain, it can feel safest to hunker down and wait out the storm. It's an approach many are taking, just being thankful for having a job at all. My concern with this approach are the missed opportunities. People who were never really happy in their careers to begin with, are now settling for a less than rewarding career path.

Perhaps its time to take a different approach. Perhaps it's time to see opportunity in change. In my webinar earlier this week, this was the central message and for my clients, many are now seeing this as the perfect time to reinvent themselves and their careers.

If you feel the same, join me this Wednesday, April 8th for a very special Making a Living with Maggie on Martha Stewart Living Radio SIRIUS 112 and XM 157 (listen free here). One of my very own clients. Laura Rolands of myattentioncoach.com will be on hand to share her very real story of successful career change, using the economic downturn as a springboard.

Together Laura and I will share tips and advice to help you move your career forward in new and interesting ways. Tune in and join the conversation during this live radio broadcast and call in with your specific career questions at 1-866-675-6675.

You'll not only learn something new when it comes to managing your career but also get the inspiration and motivation you need to make your ideal career a reality now!

What success story would you like to see happen in your career? Already made a career change and want to share your story - comment here, now!

Posted by maggie at 8:59 PM
Tuesday, February 24, 2009

Want your dream career? Learn from your Heroes and Tune into My Radio Show

I've been working remotely these past few weeks from Southern California. Soaking up the sun and beautiful coastline views. I've been taking client appointments, writing my blog, even doing my radio show live from San Diego. It's fun to connect in person with my West Coast clients and visit with my sister (and otherwise Virtual Assistant) who lives here as well.

Besides getting a break from the cold weather of the Northeast, I've also been happily surprised by the admiration of my clients and friends at my working vacation. They are all so happy that I am "living the dream".

What's amazing is that not so many years ago, I too was saying the same to Deepak Chopra on my radio show. I remember being fascinated by a day in his life living and working in Maui. To be as inspired as he needs to be in his chosen career, it only made sense that his work location fit the task. Seeing one of my heroes go after and create what he wanted, only inspired me more to go after and get what I wanted.

--Look to your heroes. Write down of list of the 2 or 3 people you admire most and why. What qualities or accomplishments or lifestyles do your heroes have that you want?
--If they achieved, you can too. You can only admire qualities in others that you possess yourself. If your heroes achieved great things, that just means it's possible for you too.
--Learn from their mistakes too. Your heroes are only human and have had ups and downs just like everyone else. Invest some time in reading the turning points in your heroes' careers. You'll find that they've had setbacks too. Setbacks that they overcame and you can too.

I'd like to know who your heroes are. Who do you admire and why? What do you hope to achieve that your heroes have achieved? Living the dream is closer than you think.

For more inspiration and career advice, tune into my radio show, "Making a Living with Maggie", Wednesdays at 4pm EST/1pm PST on SIRIUS 112/XM 157. This week, I'm joined by self-made millionaire Christine Comaford who'll share tips form her New York Times best-selling book - Rules For Renegades: How to Make More Money, Rock Your Career and Revel in Your Individuality. I'll also have a day in the life with a top hotel concierge from The New York Palace hotel. Click here for a free three-day trial of SIRIUS so you can tune in!

Posted by maggie at 9:19 PM
Thursday, December 4, 2008

Tune in and hear Martha Stewart on Making a Living this Sunday

For those of you who weren't able to tune in, you can hear Martha Stewart on my radio show, Making a Living with Maggie, this Sunday at 6am. She called in to share glowing feedback for her assistant Julia Eisemann. Julia has been working with Martha for 11 years and shared what a day in the life is like working with Martha.

It was amazing to hear the tremendous respect they have for one another and how they've built a solid working relationship. If you've been struggling with your manager and want to learn a better way of working, tune in this Sunday at 6am EST on SIRIUS 112 and XM 157. Click here for a free trial of SIRIUS!

What would you want your boss to say about you on national radio? Have you ever received glowing feedback? Share your proud moments!

Posted by maggie at 7:00 PM