How to Change Careers Without Going Broke
Is money keeping you from changing careers? If you’re like most would-be career changers, various money fears are keeping you stuck in your current position.
The thing about money is that it holds so many layers of meaning for so many of you. People let money hold power over them. It keeps people from making decisions—big and small—because of preconceived faulty notions about it.
What are your perceptions about money?
Some people believe deep down that if they do work they love, they’ll have to sacrifice any financial reward. In other words, if they want to make money, they need to be unhappy at work.
Others believe that to change careers, they need to have lots of money to begin with. Without a certain amount of money, they shouldn’t even consider a career change.
The reality is that money does not hold any power over the likelihood of you doing work you love. Money does not have to stand in your way of changing careers.
People who have gone before you and changed careers know the truth about money, which allowed them to pursue a better life without losing their shirt. Here’s what they know:
1. Finding the money to pursue your career change is part of the process.
According to the book, The Practical Dreamer’s Handbook, when a practical dreamer has a dream to do something, they don’t wait to for the lottery to make it happen. They don’t complain about not having the money to pursue a change. Instead, they dive right into figuring out how to come up with the money.
2. When your career change takes top priority, you find that you want and need less stuff.
When you take an honest assessment of how important your dream is to you, you inevitably find you’re more than willing to give up expenses that don’t matter much in comparison to your dream. You thereby reduce how much money you need in the future, not to mention reducing your stress level!
3. Career changes happen in baby steps. You therefore don’t need to have ALL of your money issues worked out ahead of time.
It’s more important to take what action you can today on your career change (e.g., setting up that informational interview) and on your money (e.g., coming up with a plan to pay down your debt or take stock of your retirement savings) and allow yourself to work things out with your finances as you take one step in front of the other.
Money is a tool for having what you want and not a force to be reckoned with.
Remember that much of your issue with money lies in your relationship with it. Re-examine what you believe about money, and don’t let it make life decisions for you.