Note: This is Part 5 of a series of blog posts about financial advising. Click here to read all articles in this category.
There’s no shame in wanting to switch careers. More often than not, people have a logical and practical reason for wanting to do so. In most cases, it’s because they’re stressed with their current career which is not good because a stressful job can lead to a lot of negative effects. On the other hand, a lot of people want to switch careers because they want/need a career that’s more financially-rewarding.
Speaking of rewards, you could also be considering a switch in your career because your present career is not challenging you anymore. You’re bored. You’re doing the same thing over and over again and you don’t see a bigger picture because of lack of one. You punch in, do the work you’ve done for years, and you punch out. Rinse and repeat.
There’s also the desire to spend more time with family. No career in the world is worth giving up your family for. This is why people are always on the lookout for a career that can help them spend more quality time with their family.
So you’ve finally decided to switch careers. Where to now?
Are You Ready?
It’s not just about being mentally ready. You also have to be physically, emotionally and financially ready. Here’s what you need to do:
- Talk to your family.
This is especially true if you’re married and/or with kids. This is a group decision because what you’re about to do will have a lot of effects on your family, whether good or bad depending on what you’re about to decide on. Ultimately, it will be up to you to decide, but their thoughts on the subject can help you make a decision.
- Determine if you can handle a switch.
Are you ready to get out of your comfort zone? Are you ready to try something new? Are you up to the challenge of starting on a new career? Dig deep inside of you. Only you can answer these questions.
Of course, you also have to determine if you can handle it from a practicality perspective. Can you handle it financially? Do you have an emergency fund just in case things don’t work out?
- Talk to trusted friends and/or mentors.
They can give you an unbiased perspective. They’ll provide you with an outsider’s point of view. In some cases, there’s a good chance that they’ve been there before.
- Make an investment in yourself.
You’d want to hit the ground running in your new career so you have to make an investment in yourself. Teach yourself new skills that can help you with the new career that you’re considering. Read up on the new industry.
Find your strengths and cultivate them. Discover your weaknesses and work on them.
- Formulate a plan of action.
This is not something that you can do blindly. Sure, you’ll be taking a leap of faith, but make sure that you know the distance that you’re about to clear and you know how you’re going to clear it.
Start with formulating the steps that you’re going to take. Be clear. Plan how you’re going to take each step.
- Gather your network.
Your network of friends, colleagues, acquaintances, family and more can help you with your new career. Touch base with them and just rebuild relationships.
- Work on the fear and uncertainty that you’re feeling.
It’s okay to feel fear and be uncertain of what’s ahead of you. The important thing is that you’re not going to let them stop you.
Make the Switch to a Career as a Financial Advisor!
Once the steps above have been done, the rest will be easy especially if you’re going to join a good team in a trusted and established company. If you’re considering switching careers, might as well switch to a financially-rewarding career that will challenge you and at the same time, allow you to live your life.
Send us an email at [email protected] to get started!