Unconventional Tip #1:
Each day you remain at a job 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 the fears cause you to stay in a job that isn’t satisfying your long term financial objectives. The risks of staying in a career that is 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 that has the long-term potential you desire.
Unconventional 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.
Unconventional 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 it’s going to be professional 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 at your current job until you’ve solidified your financial future. No matter how much planning you do you can’t anticipate everything that is going to occur down the road. If you’re 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.