SMS 159 – Plan on a Career Change

Plan for a Career Change

  • We all need work that is out contribution to society. At points in our lives we also need jobs, this is how most of us support our lifestyles.
  •  Victory lap retirement – is a book that everybody should read regardless of your age.
  • Some people are fortunate enough to have their job be their work
  • Financial independence is when you can transition from a full time job to full time work

Job – A job is a regular and official activity that you do, and receive money (a salary) for your activity. It is also called a profession or an occupation. You can have a full-time job (40 hours per week) or a part-time job (around 25 hours per week).

Career – Your career is the total progression of your professional life. It can include many different jobs over the years.

Work – The word work is more general than “job” – whereas “job” is a specific occupation/profession, “work” refers to general efforts and activities done to accomplish a goal. “Work” can be done both inside an official job and outside a job!

Plan for five careers in a lifetime – Financial Times

Why A Career Change at 30 and Beyond Is So Hard – Monday Views

  The career lifecycle

  1. Getting that first opportunity – convince an employer you will be a good employee and that you are knowledgeable in your field
  2. Developing a reputation – become someone who adds real value to an organization, an expert
  3. The cross roads – either burned out or stopped caring, you have had enough
  4. Working  for the money – when you are only in it for the money, this is the beginning of the end

Plan for five careers in a lifetime – Financial Times

Why A Career Change at 30 and Beyond Is So Hard – Monday Views

Challenges of career change

  1. Uncharted territory – lots of risk and struggles, it’s uncomfortable
  2. Education or Training – this will require time & money (a good reason to live below your means)
  3. Compensation – you will definitely earn less money when you start a new career
  4. When the perceived pain of continuing is greater than the perceived pain of changing
  5. Courage to try something different – the longer you wait the hard it will be to overcome

Reasons to change careers

  1. This shit will get old – you won’t be able to do it for 30 years
  2. You create a backup plan – if your second career does not work out
  3. You build a social network – if your second career crosses paths with your first
  4. You choose your first career when you were 17 – what are the chances you were right
  5. Life is not a straight line

Words of wisdom:

When your father and I decided to have kids, we felt it very important to educate each of you with the hopes of NOT putting you on a specific path in life but to give you options, lay a foundation to give you the ability, courage and confidence to explore, to discover who you are and to find your own passion. Don’t let the title of your degree (something you choose when still a teen) keep you in a box or trap you in a mindset of where you “should be”. View it as the appetizer of life, with the main feature to yet to come.

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