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It's a simple fact that people change. Sometimes you're in the middle of your career when you realize you're no longer the person who chose that lifestyle. Changing careers jobs is one thing, but switching careers mid-stride presents conflicts in both the short- and long-term. You don't necessarily have to start over at an entry level position if you approach a career change conscientiously.

Do you want to transition into a similar career or a new field altogether? Do your existing skill sets transfer smoothly? Do you have enough experience and field knowledge for what you want to pursue, or should you take a class or entry level position to prepare? That's not to mention the more practical concerns regarding financial stability: can you earn a living wage in your desired career? Do you have enough savings to hold you over while you transition?

Here are the top 7 tips from financial advisers and employers for a successful career change:

1.Good Timing

Boredom and frustration are inevitable in every job, but that's not the same as feeling stagnated. The midpoint of a career is about 10 years. If you've acclimated and committed to your job that long and still feel unfulfilled, it's time to consider if you want to make a permanent change.

2. Realistic Goals

Maybe demand for your current career is shrinking or just undergoing a massive change. That could be the source of your unease and a good sign that you shouldn't expect a similar field to offer expansive opportunities. Be realistic about your current skills sets. Maybe take an aptitude test or pursue career counseling.

3. Expand your Network

Perhaps your current employer has connections to other fields that you could transition to. Expression respectful interest could alert the people familiar with your work that you're expanding and open doors for a new position. But your network of friends, college classmates, and even acquaintances is a valuable resource, as well. Make your interest known and ask questions about their fields, particularly if they're expanding.

4. Job Shadow or Volunteer

Depending on what your career goal is, some companies allow interested individuals to volunteer at their workplace. Some professionals allow people to job shadow them at the office. Additionally, many colleges maintain an alumni network of professionals who are open to be contacted.

5. Take a Class

Update your knowledge of the field you're targeting. Do research online and consider if enrolling in an evening course or online seminar could bring you up to speed. You could even reach out to professionals in the field to inquire what skill sets are most promising and desired right now

6. Refresh Your Skills

If you can't take a class, you can also sharpen your skill sets by taking on extra tasks at your current job or beginning your own independent project. Many organizations, including college alumni groups and employers, offer professional training. Depending on your skill set, you can also freelance to contract extra work on the side before you completely jump fields.

7. Update Your Resume and Cover Letters

You'll need to re-package yourself and your work experience to impress prospective employers. This is especially crucial if you're new to that field. Make sure your cover letters focus on your existing skills that qualify you for the job; don't dwell too long on your on work experience that's unrelated to the job you're applying for. Be sure to re-design your summary statement or objective section to convey your new interests, goals, and qualifications.

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When you are newly hitched and learning how to combine your essential legal and financial information as well as your accounts, it can be confusing.

Many people live together before getting married and have begun the process of combining accounts and sharing responsibilities. However, some people wait to do this only after marriage, and others wait until they're married to live together. Whichever path you've chosen, it's still crucial to know a few tips to manage money together as newlyweds to determine where you should begin and how you can remain on the same page.

Discussing Money Motivations

As we begin to share money with our significant other, we soon find out what one person may rank as a priority regarding money and the other may not. As such, sitting down and discussing money motivations is important. Two people who cannot agree on how to handle money may cause serious issues. This should include:

  • How to deal with money following payday. Is a percentage put into savings? Is that the day to splurge on dinner, drinks, and more?
  • The frequency and size of payments made to debts. Some people like to pay minimums, whereas others pay in full or make double payments.
  • What do you each consider money well spent? Is it a new 70" 4K television? Is it an investment? Is it paying as much debt off as possible?
  • How do you go about consulting each other before making purchases over a certain amount?

Establishing Financial Goals

After you evaluate the motivations behind your money and how it should be spent, you'll need to spend time together hashing out financial goals. As newlyweds, there are certain things on your list that you're going to want to save for. How do you go about that? How much of each paycheck will you dedicate to a particular fund?

Some things in the future worth making a financial plan for include savings and paying down debts. This is the time to be honest about your current financial standing. If you're looking to buy a home, you'll want to assemble a first-time homeowner financial checklist to begin to develop topics of conversation. Some of the things to consider setting goals for are:

  • Student loans
  • Car loans
  • Future children
  • A house
  • Medical bills
  • Delinquencies on credit reports
  • Vacation and rainy-day funds
  • Emergency funds

Budgeting Together

The more honest and open you can be with each other about the money you have and now the debts you share, the better. Implementing plans for the best ways to have the things that you both desire while still taking care of existing demands is important. These can be uncomfortable things to talk about; however, these conversations are necessary.

Following these tips to manage money together as newlyweds will allow you to have a starting point for conversations that can be tough to start. The sooner you and your partner get on the same page with finances and the responsibilities that come with them, the easier the transition will be and the sooner you'll find success.

It's the dream: money you can count on to keep rolling in, even while you sleep.

Passive income isn't entirely passive, of course. You'll put in work up-front to get the profits rolling, so don't relax in your recliner just yet. But with so many potential sources of passive income available to you, picking one or several will mean that the day you can finally kick back will draw steadily closer.

Rental Properties

Real estate is a tried-and-true wealth builder for a simple reason: people will always need somewhere to live. Research the market in a growing community until you know a good deal when you see it. You can maximize rent by fixing up a deteriorating property or upgrading a mediocre one. The key is to hire a property manager to do all the day-to-day landlord duties for you—and you'll need a good one. Smart investors put their profits in another property and repeat the process until they have a diverse portfolio.

A YouTube Channel

You can start a blog if you're more comfortable hiding behind a computer, but consumers are more likely to prefer video content. Post a series of “how-to" videos to answer questions about whatever you're an expert in.

You can put up any content you want, but if you don't want to commit to regularly updating it, focus on “evergreen" topics that will draw clicks for eternity. Ads will create your income, especially if your channel grows in popularity. Better yet, sign up for affiliate marketing. If you recommend a product and provide a link to buy it, you'll get a small percentage of those transactions.

Auto Advertising

If you don't mind vinyl-wrapping your car with an ad for a company, you can get cash just driving around and running your errands. Make sure you contact a reputable company that doesn't ask for any money from you; if they're the real deal, they'll evaluate your car, your driving habits, your area, and more. Bonus: the brighter the ad, the easier it'll be to find your vehicle in the parking lot.

Digital Products

What's something that people will pay for but doesn't require shipping on your part? Finding that item is what can supplement your income indefinitely. Write an e-book, charge for your cross-stitching patterns, design prints that people can digitally download, invent an app, record a “masterclass," or whatever else you want. Every time someone new discovers it, the cash register rings. With a little more effort, this is a potential source of passive income for you that can continue to grow. Once you build up a customer base, they might want more products. The good part is that it's up to you whether you wish to give it to them.

Airbnb is a great option while traveling, but you should protect yourself from damage charges from unscrupulous hosts.

Airbnb offers an affordable option for people looking to be more comfortable as they travel.

However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.

And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.

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