The following are six unconvential mid-life career change change tips based on the premise that key to a successful career change transition is the integration of work, life and financial goals.
- Unconvential Tip #1
Each day you remain at a like because it is not fulfilling your financial goals is another day you postpone your financial freedom.
If you’re over 40 you probably already recognize that making a career change when you’re young is a lot easier than making a career change when you’re older. Typically, the older you are the more you’ve invested in your current career and the more you potentially have to lose. Many mid-life career professionals remained in careers that were not fulfilling because they felt that their job was “satisfactory.”
If this sounds like you don’t let fears cause to stay in a job that isn’t satifying your long term financial objectives. The risks of staying in a career that are not meeting your financial goals are often greater than the financial risks of making a strategic move to a career that you enjoy more and has the longer-term potential you desire.
- Unconvential Tip #2
Tip number two is not to believe that if you love what you’re doing you’re bound to make money.
While there is quite a bit of wisdom in the maxim “Do What You Love”, there is not a direct correlation between loving your job and meeting your financial goals. If money is an important consideration in your career change make sure that you thoroughly research your new career to make sure that if you become the best at what you do that the money will follow.
- Unconvential Tip #3
The third unconventional mid-life career change tip is to focus on money issues — not work issues.
When making a mid-life career change it is important to thoroughly explore your new career to ensure that its going to be professionally and that you’re qualified for the job. However, no matter how much you feel you’re going to enjoy a career change and no matter how qualified you feel for a new position don’t hand in your resignation until at your current job until you’ve solidified your financial future. No matter how much planning you do you can anticipate everything that is going to occur down the road. If you taking a large financial risk by making a career change you may just find yourself in the exact same position in the future — just 10 years older without the financial resources to make another career change.
- Unconvential Tip #4
Unconventional tip number four is to make sure you understand that the reason for disatisfaction with a career usually lies within. A lot of people report a bad boss, bad company, bad economy or bad work environment as their reason for job dissatisfaction when in reality they’re just ready for a change. Many people simply feel the need to pursue a mid-life career change in order to experience new things and to grow. There’s nothing wrong with this. Just make sure you know why you’re seeking a career change. If you blame a career change on factors not truly responsible for your desire to change careers you may find yourself in a career with a great boss, with good company, in a good economy that still doesn’t satisfy you.
- Unconvential Tip #5
The fifth tip is to not be hasty. Ever heard the maxim “haste makes waste”? Well it applies to making a career change as well. Make sure you thoroughly explore your feelings of dissatisfaction with your current career before you start looking for solutions. One of the biggest mistakes that career changers make is that they rush into a career changing expecting their frustrations to be miraculously resolved. Many times these individuals find themselves in a new career experiencing the same frustrations as they experienced in their previous career.
- Unconvential Tip #6
The sixth unconventional mid-life career change tip is to recognize that you need both a sound career plan and financial plan to have a successful mid-life career change experience.
Career planning in and of itself is not enough to ensure a successful career change. Most people pursuing a career change cannot control all of the factors affecting future job satisfaction. In reality there are likely going to be aspects of a new career that are not satisfying.
Financial planning by itself is not enough to ensure a successful career change. While many of us proclaim to be motivate by money, very few of us actually feel inspired by money to work at a job that is not fulfilling.