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Newly Graduate Insecurities

A few weeks ago I’ve been dealing with the struggles of almost every newly graduate or close to graduating: finding a job. To get a job means I have to provide value to the person who hires me and I’m insecure about that. I’m an accounting major, and I barely know anything technical about accounting that could apply in a firm. I’ve learned a little about business but I’m not nearly skilled enough compared to anyone in the industry. I have no technical skills compared to the engineers and computer science majors. What value can I provide?

I brought this issue to my friend Ken and he gave me one of the biggest insights of the year.

He said:

I was struggling with the same thing when I was searching for jobs, but I realized that employers know that we’re new graduates and that we don’t know anything. Adding value is for someone who’s already five years into the industry…we’re new graduates, college only proves that we’re capable of learning. And that’s what employers are looking for when they hire you: someone who they can teach to add value to their company. Coming from Haas (School of business at Berkeley), I saw this way too often that kids would bullshit to employers as if they’re already five years into the industry. “I can make decks and models of this or I can streamline that”, they end up sounding like tools. They don’t know anything just like the rest of us.

“Then why should employers pay us 40k—50k a year when we know nothing and can’t do anything?” I asked.

I Will Teach You to be Rich Contest Results

On Tynan

On Tuesday I announced a contest to help Ramit promote his upcoming six week financial bootcamp. The premise was this: we played five rounds of Liar's Poker, and whoever could guess the final score and guess the final digits on our last dollar bills would win.

Before I show you the video with the results, I have a few comments. First, I wish that everyone won who predicted I would win 5-0. If I had giant buckets of money, I would buy each of those people a baby elephant for a pet. I would also buy wild hungry crocodiles for each person who said that Ramit was going to win 5-0.

So who won? The ex professional gambler or the bestselling financial advice author? Well, I'm not going to tell you -- you'll have to watch the video and find out!

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