The Many Ways To Use Job Boards

Those familiar with D.C. Hopefuls know I preach a career absent of cover letters, awkward job fairs, and endless online applications. I believe a truly successful Washington, D.C. career is built through a deep and strong professional network NOT hiding behind a keyboard. With that said there are some strong reasons you should be using a job board.

Notice I said job board (singular). There is only one job board serious D.C. Hopefuls should be using, Brad Traverse JobsAFTER you sign up for  Brad Traverse Jobs here are 4 simple steps you should take….

Step 1: Use It the old fashioned way….Apply to jobs.
Many of my readers are still in undergrad or just a few years out of school and while they are pounding the pavement trying to build as many connections as possible job boards can still play a role. Many of the best professional contacts come through those you work with and if you are looking for that first job you obviously lack those great contacts. I talk in great detail to my Career Investors members about how to manage your online application process but early in your career applying to jobs through Brad Traverse Jobs should be a part of your game plan as you attempt to cast a wide net and follow leads. Please remember online applications should always be secondary in time and priority to building professional contacts.

Step 2: Read it no matter your job situation…you need to know the neighborhood.
A key component of the steadfast spirit is knowing that information is power. Good friends of mine bought a beautiful condo last year. What I found odd for several months was despite having this beautiful home they spent a few hours every weekend going to open houses in their neighborhood. I naively thought they must not like their condo so I tried to be a good friend and tell them how they should be happy with their great condo. They laughed and explained to me they were happy and had no intentions of moving but it was important to know their neighborhood. They wanted to know which companies were doing rehabs, which home features builders were using, how quickly houses stayed on the market in their neighborhood, and what the overall market was doing.

Even when you are in a great job that you really enjoy I encourage you to be like my friends and understand your neighborhood/field.

Step 3: Use this knowledge to stay sane or be bold.
As you take a few minutes each week to read through Brad Traverse’s job listings you can notice trends. If you are an over achiever you can create an excel document to track various information. As you do this you will learn a lot. Maybe you don’t see any openings in your field or that pay better than you make now. Well that could mean you don’t go demand a raise from your boss and you shouldn’t be so frustrated with your current employer. It may help you keep your sanity and realize you have it better than you thought.

Maybe you see a plethora of jobs in your field you are qualified to get. This can be worth pursuing and something to discuss with your network. In 2015 I saw several jobs I thought I could get so eventually I applied to a couple. I ultimately got an offer and used that as leverage for a 12% raise from my employer at the time. Knowing the market pushed me to be bold. It was also a fantastic networking opportunity as I had several contacts coach me up to ask for the raise, getting them deeply invested in the outcome.

Step 4: Become a master networker.
As you are out building your professional network you should be the expert on your desired job market. The majority of your contacts will have no idea what the average salary, qualifications, and requirements are for the jobs you want and they likely won’t know if hiring is hot or cold. Remember we don’t ask contacts and career investors to be creative! We come to them with tangible questions so they can provide advice, therefore the more knowledgeable we are the better!

Remember all contacts or career investors are NOT created equal. I’ve had dozens of people in my career who I knew wanted to help but weren’t plugged in to making it happen…so I had to make it happen!

This is why you must pair your networking with job boards. If you connect with someone from XYZ and two weeks later see an opening there you can reach out to them and see if they can help. I have had people reach out to me asking about an opening at my company that I did not even know was open!

In conclusion before you can start any of these steps you must sign up for Brad Traverse JobsAs you know building a career can become a full time job in itself. You simply can’t waste the time combing through hundreds of unrelated job postings that overwhelm other sites. Brad Traverse Jobs reputation speaks for itself. For twenty years they have earned the respect of employers and job seekers across Washington, D.C.  I had the amazing opportunity to meet Brad and Fraser Traverse personally to learn their team reviews each job posting. This is the only job board I trust. So much so I actually pay for half of a year subscription to their services for all of my D.C. Hopefuls Fellowship members!

If you are serious about being successful in this town then CLICK HERE TO SIGN UP NOW for Brad Traverse!

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The Pitfall of Student Loans

I was very eager to attend graduate school right after undergrad. I thought it was the only way to get to D.C. and/or being taken seriously. I highly recommend listening to the several graduate school podcasts I’ve recorded to get a better insight into graduate school and how to use it. When deciding on whether to attend graduate school and which to attend there was one thing I never really thought much about.

If I had a time machine I would go back and let 30 year old me slap 22 year old me across the face, literally! 22 year old me never thought twice about the financial consequences of taking out student loans.

A few weeks ago a member of D.C. Hopefuls Fellowship reached out to me with exciting news. He had been accepted to his second graduate school program and offered a full scholarship! He is now faced with a difficult choice. Attend school A, which has the great reputation, is located in D.C., and offered him $20,000 off tuition, which means it will cost him about $40,000 to attend or chose school B, which is not as well known (still a great school), the program is a different style, it is not located in D.C., and the cost would be $0 thanks to the full scholarship. We spoke for a long time about the pros and cons of both schools. Each as very different things to offer and I know he will have a successful career regardless of what he picks. Eventually the conversation turned to money. After talking about it for a while I sent him the email below.

“I can’t stop thinking about this and here is one way to look at the true cost of grad school. If you go $40,000 into debt it will take you 26.5 years to pay it back paying at $215 a month. Over that time you would pay $28,000 in interest I gave you a 4.5% rate, which is strong, my wife and I both started at 6.8%. So that degree ends up costing $68,000. So the true cost if you choose to pay it off long term is $68,000 not $40,000.

If you want to get aggressive and do $285 extra, totaling $500 a month you would be debt free in 8 years. You would spend $7,600 in interest at that low rate of 4.5% which makes the degree cost $47,600.

BUT if you attend school B you would be debt free after you graduate in two years. Over those same 26.5 years you could take that $215 a month and put it into a 401k or any mutual fund. At the end of those 26 years you would have $144,000 in the account. This is assuming the market grows at 6-8% while historically it grows around 12% over long periods of time. If you did the $500 for 8 years you would have over $60,000 in that account.

In 10 years you will be 32 years old. You could be 8 years out of graduate school and have $60,000 (possibly as much as $80,000) sitting in an account. Or you could be 32 years old and just paid off your debt and be at $0 because most of your expendable income was used to pay off debt.

Debt is a dangerous thing and I don’t want you to fall victim to the ‘oh well school debt is good debt.’ I borrowed $65,000 to go to graduate school and I seriously regret it. I do not regret attending graduate school but I regret putting myself in such a financial bind. I could have slowed down and gone to graduate school over 3-4 years trying to pay as I went or attended the school that was half the price.

Here is something pretty depressing. I graduated in August 2011 and decided to not start making payments until January 2012. This was allowed and because I had no understanding of interest I thought ‘hey why rush to pay these back.’ So my actual $58,000 degree ended up being $65,000 as some interest accrued while I attended school for two years and the rest accrued while I waited to pay them back. My wife had taken on more debt than me and I am proud to say as of Christmas 2017 we have paid off over $250,000 in debt. On one hand it is an amazing accomplishment but it is also sickening to think about where we might be had we done it differently. My wife could not be a nurse anesthetist had she not gone to graduate school and my degree has paid serious dividends in my career but we could have been smarter. Had I simply attended a lesser known school for $20,000 instead of $65,000 we could have an extra $45,000 sitting in our account right now. That is the difference in a down payment or renting another year.

Beyond simple finances I am a living example of debt hurting your career. I have sat at a job I truly HATED because I couldn’t afford to take a pay cut or miss a single paycheck thanks to debt. When you are young you need to be flexible and agile while debt makes you slow, complacent, and STUCK. Bad financial decisions at 22 can slow your career so be wise and cautious as you make any financial decisions.

I’m not in the financial advice business but your professional career is not a vacuum. The steadfast spirit applies to all aspects of your life. Making bad financial decisions can stall and/or disrupt your professional flexibility.

Stay Steadfast,

Tommy Pevehouse
*Here are the links I used

http://www.free-online-calculator-use.com/early-loan-payoff-calculator.html

https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator

What I Learned From Talking Politics at Thanksgiving (Stop the Blame Game)

I love my family but when it comes to politics we do not agree. Over the years we’ve just all come to terms with this and tried to avoid those types of conversations. D.C. Hopefuls is a totally non-partisan environment and I will not be talking politics, but I will be talking about a lesson I learned through talking politics.

Let me take you back to 2017….

As we sat around the table for Thanksgiving my cousin could not contain himself and wanted to talk politics. I was proud of us both for really listening to each other and turning it into a civil and thoughtful conversation. One thing we both agreed on was that Americans really seem to like to place blame. Whether it is the President, the economy, government in general, their boss, or their family, it seems as though for every problem we face there is someone else responsible. It is easy to blame big banks and the government for the 2008 crash (both should be held accountable) but what about the millions of people who bought houses they could not afford? What about the billions in credit card debt Americans have run up? I love to complain about student debt/loans and blame everyone else for it but nobody put a gun to my head to take out those loans.

If you have read the ‘about me‘ section on D.C. Hopefuls you know that I entered a 2-3 year period where all I did was blame other people for my self-perceived professional shortcomings. It was the Republicans’ fault for cutting the budget, it was Obama’s fault for not doing more for me, it was my university’s fault for not better preparing me, it was my parents’ fault for not having connections, it was my boss’s fault for not finding me a new job, and it was my friends’ fault for not connecting me with the right people.

There was no single defining moment but eventually I learned that it was MY fault. Sure there were external factors at play, which were out of my control, but it was on me to get out of life what I wanted. I am the only person solely responsible for what happens to me.

A great example is Dan vs me. I decided I needed to go to graduate school so I took out $55,000 in student loans. Despite working full time I never paid a single penny towards my debt until after graduation and I was forced to start repayments. Afterward, I constantly complained about the broken system that ‘forces’ us all to take out massive debt.

Then there is Dan. Dan knew he wanted to be a lawyer and gained a clear understanding of the system. Sure he would complain about the costs and other factors, but he did something about it. Dan not only worked while attending law school but paid for school as he went. He took a different path than others in his class and graduated with $0 in student loans. Dan and I both complained about our situation, but Dan did something about it! It is ok to be like most Americans and complain about big external problems, but never let that seep into your personal ambitions.

There is a glitch in every system so when the system seems unfair find a way to make it work for you. I am not perfect but I definitely blame others much less and it is incredibly liberating!

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Don’t Be Your Own Worst Enemy (Track non-tangible results)

Job-hunting is often like losing weight in the sense we are always our own worst enemy. It would be very odd for someone to actively try to prevent you from losing weight, so the only thing between you and weight loss is you! The same is true for job hunting.  Countless times in my life I have got discouraged about not being in the right job and was often quick to blame anyone besides me. I blamed the economy, Congress, my school, my boss, and anything/anyone else.  It took me a long time to realize that I was always my own worst enemy. Much like that person dedicated to getting in shape I’d get really excited at first. I’d apply to a bunch of jobs four days in a row much like joining a gym then going 4 straight days.

Then I’d get tired and give myself a few days off or worse I’d get very discouraged because I had not received any interviews. Knowing I had to have some type of measuring stick to motivate myself I would set application goals for each week and month then nearly break my arm patting myself on the back when I hit my goals. Predictably months went by with no leads or interviews. I was the person who hit their gym attendance goal, didn’t change their diet, and was dismayed when the scale did not move.

Finally I realized that proper job hunting meant leaning on contacts, meeting new contacts, perfecting my resume, and doing things the right way with the steadfast spirit. The only problem was that I once again quickly became my own worst enemy. Doing things the right way was not the fastest way, and I quickly became discouraged again. I would complain to mentors and friends that I was doing the right things, but the interviews were not coming.

A good friend of mine taught me to track non-tangible results. Sure it felt good to count all the job applications I had completed, but I needed to also count and track all the people I had met. I began to log all interactions and brainstorm future questions and interactions. I set ‘investigation’ goals to find people at desired organizations and meet them.

I stopped becoming my own worst enemy because my spirits stayed high. I was able to see on paper all that I was accomplishing and took faith that the job would come. Just like the person who would change their diet, track what they ate every day, and stopped becoming a slave to the scale because they had proof on paper they were doing the right things. That person is going to lose weight at some point and because of the habits they have developed will keep the weight off. The same was true in my job hunt because I did things the right way and tracked it to keep my spirits up the right jobs have come my way and I have developed the appropriate habits to grow my career.

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Finding Balance

During my undergraduate years, I often encountered two types of people: what I call the library dwellers and Stretch Armstrongs. The first group had no life other than school, thus it seemed like they lived at the library. Sure enough, they would finish with a 4.0 GPA and zero job prospects. That big beautiful 4.0 only took up one line on their résumé. When working with students/recent grads I still see those resumes. The student who lists all his/her classes because all they have ever focused on is school.

I recently found a great quote by David Allen that says “You can do anything, but not everything!”

The Stretch Armstrongs were the people who joined EVERY club on campus. They joined Greek life, biology club, student government, history club, young republicans, young democrats, religious campus groups, etc! When the time came to write their résumé, they were a mile wide and an inch deep. Sure, they were in every organization, but they did not make an impact in any of them and their GPA often greatly suffered.

Although I was quite naïve in college, I did understand it was better to work smarter than harder. I knew my limitations in certain classes and didn’t waste countless hours trying to get an ‘A’ when I knew I could get a ‘B’ with little time spent. I joined organizations but always made sure to invest my time to rise to leadership positions.

stretch-armstrong
I recently found a great quote by David Allen that says “You can do anything, but no everything!”

Find balance in your life so you are excelling in more than one area, but not treading water in several areas. This habit and mindset will be crucial when you begin your career search in D.C. The library dwellers often focus on one specific job and become so narrowly focused that they are often doomed for failure when through no fault of their own, that specific opportunity does not work out. The Stretch Armstrongs cast such a wide net that they never put in the necessary time or effort anywhere for it to eventually pan out for them. Finding balance is essential.

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