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  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. All posts are © 2005-2008, Free Money Finance.

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April 19, 2006

Is a Career Change Right for You?

Your career is your single biggest financial asset. Even a slight increase/decrease in your earning potential can make a tremendous difference to your long-term financial health. Yet money doesn't make you happy, so you also need to consider the impact your career has on your life. After all, you'll be a lot happier if the job you spend 40-50 hours a week at is something you enjoy.

This piece from CareerBuilder talks about how people weren't happy in one job and thus made the change to a totally different career. At the end, the article offers some questions you should ask yourself if you are thinking of switching fields. These are:

Are you changing careers for the right reasons?

Do you have the right stuff? You may have the will, but do you have the skill?

Can you afford to make the switch? Do you have a cushion to get you through the transition? If it involves further schooling, have you checked out the possibility of a grant, scholarship, student loan or educational assistance from your employer?

Is there a demand for your chosen profession?

Because so much is tied up in your career (financial provision and well being, enjoyment of life/work, etc.) making any change -- especially a major change -- is a difficult decision and process. For some additional guidance on careers, see these posts from Free Money Finance:

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