I know you’ve heard it before, “money doesn’t buy happiness.” It’s true, especially when it comes to your career. Yes, there are jobs out there that allow an individual to make a lot of money and to be happy too. But the lesson of this entry is, choose the career, don’t let the career choose you.
A really important indication that you enjoy your job is how you feel when you wake up in the morning. Do you look forward to starting the day or do you dread it? Are you already waiting to come home even at 6:30 AM?
If you can’t wait to come home, it may be time for a career change.
A new career change may require more schooling and acquiring new skills, but over time your salary will recover and may even surpass what you were making before. Making a career change is a big commitment and it’s important that you think it through. Here are some steps to help you:
Take a break and reflect
First, think about yourself. Think about where you are in your life and your goals. Also think about how this career change will affect others in your life. Make sure that you choose a career that offers fulfillment not only for yourself, but for your family and friends as well.
Consider your values, personality, abilities and skills. It’s important that you take time to write down what is important to you. Take some time to figure out what you value. For example, you may write down, “It’s important that I’m home most nights to eat dinner with my children and spouse.” Realize that all jobs will not meet your values.
What do you do best? Do you work better independently or with groups? Do you enjoy interacting with people daily or do you prefer to stay to yourself? These are all aspects of your personality that are important, and maybe you’re in a job now that doesn’t
What are your abilities and skills? Maybe you enjoy painting, or working on cars. Spend some time to think about what you’re skilled at doing.
Do your research
Find out what it’s going to take to make this change. Ask yourself, what is the salary like? Do I need to go back to school? Are job opportunities for this career available where I live, or will I have to move? It’s important to consider all aspects of this new change.
The career change may require you to get a new college degree. How much will the tuition be? How will you pay for it?
Start tracking your expenses (if you haven’t already done so)
Now is as good as a time as any to start tracking your expenses. Include small purchases even gum. Some people like carrying a small notepad with them to document all their purchases for the month. They keep all of their receipts in a folder at home and sit down to go over every purchase. It’s important to know how much your spending to build your budget. Education costs money, and may also mean that you’ll have to quit your current job. Consider the financial risks.
Determine your expenses to complete the career change
Again, think about what is required to make this career change. Do you have to go back to school? Do you need to do volunteer work? How about transportation? If you have to go to school, is the school nearby? Are you going to need to buy textbooks?
Create a new budget
With the new information on how to change your career, create a new budget. Try to budget your new career expenses. You may have to cut back in other areas, but remind yourself that it’s worth it. If you can’t stick to the budget, maybe it’s a sign that you weren’t ready for the change.
Build in a cash cushion
Even if you have an emergency fund, it’ll be important to have a lot of money saved up. You never know what’s going to happen, and if you aren’t working at all or not so much, something as simple as a flat tire can break the bank. In addition to your emergency fund, try creating a fund specifically for while you’re in school.
Monitor your savings and spending
With any budget, it’s important to monitor your savings and spending. Remember to be honest.
Have a backup plan
Some things don’t work out the way we thought they would. A lot of things are out of our control, but it’s important to have a plan in case the career change doesn’t work out. Can you go back to your old job? Or your old field? Is there another field that is similar to your old field that you wouldn’t mind working in?
Career changes are a big deal, and may change your life in the short-term… but may end up being better for your health in the long-term.