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:
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.
- The 5 Biggest Mistakes Career Changers Make ›
- The 7 Biggest Myths About Changing Careers - Glassdoor Blog ›
- 6 High-Paying Jobs That Are Great for Career Changers ›
- How To Switch To A New Career Field Successfully - Glassdoor Blog ›
- 7 Things to Consider Before a Career Change ›
- Thinking of switching careers? Read this advice — Quartz at Work ›
- How To Change Career When You Have No Idea What You're Doing ›
- Switching Careers Doesn't Have to Be Hard: Charting Jobs That Are ... ›
- Considering Switching Careers? 11 Steps for Creating a Plan ... ›
- 10 Steps to a Successful Career Change ›
Sometimes there is no choice—a home needs to be sold in the winter.
Spring may be the most popular time to put your house on the market, but homes do sell in the colder months. With fewer houses available, your home may be someone's only choice when house hunting in your neighborhood. As your neighbors hold out until spring, you'll already be done and ready to shop for your next house!
Here are a few tips for selling a home in the winter to get you on the right track.
Keep Paths Safe and Landscaping Fresh
Landscaping is the last thing on a homeowner's mind in the winter. Everything was cut back in the fall and may now be covered in snow. Still, take a walk around the house and yard to check everything out. Branches may have fallen from heavy snow, leaving a mess in the yard. Keep everything neat and tidy.
The last thing you need is a potential buyer slipping on the ice-covered walk in front of your house. Buyers often consider those moments bad omens, and this can affect their decisions. Shovel, snow blow, spread salt—do whatever you have to do to keep the driveway and walking paths clear, and don't forget the porch and deck.
Make the Inside Warm and Cozy
In cold weather, buyers won't spend a lot of time examining a home's exterior. Instead, impress them with the inside by creating an atmosphere which causes them to want to move in.
When there's time, leave wintery types of snacks and drinks, such as hot cocoa and cookies, available on a table during showings. This gives your home a welcoming feel to buyers.
Light the fireplace (if you have one) for a lovely ambience and set your thermostat to a comfortable setting. A warm home in the winter is much more appealing than a chilly one.
Make Your Home Less Personal
Understandably, this can be a tough thought for homeowners. After all, you've spent years creating memories in your home. To buyers, though, they need to picture it as their own. Too much personality makes that difficult.
It's always important to stage your home in a way that makes it look clean, comfortable, and move-in ready. Don't feel offended by the idea of taking family pictures down and replacing them with generic décor. This will help your home sell faster by helping buyers envision their own things there.
Cleanliness and Maintenance
Clean, clean, and clean some more. Make appliances, counters, and floors shine. No matter how old your home is, it needs to feel like new to potential buyers. If you aren't into dusting, now is the time to try. Don't forget window coverings that might need washing.
Be prepared ahead of time for home inspections by taking care of maintenance now. HVAC systems, plumbing, and electrical should all be up to code and running smoothly.
Use these tips for selling a home in the winter, exercise patience during the slower months, and your home will sell before you know it.
Entering your 20s means you'll quickly need to learn how to navigate the world of personal finances, much of which you probably didn't learn in college or high school courses.
Without any previous lessons on finances, it can be challenging to know where to start. Follow this guide as we outline the financial decisions you'll need to make in your 20s.
Setting a Budget
The first step to being a fiscally responsible young adult is setting a budget. Your budget will determine many future financial decisions, from where you can live to what splurges you can make. Look at the expenses you currently owe every month and your projected income to determine how much you should be spending on bills, daily expenses, etc.
Getting rid of your debt as early as possible is a critical step for newly independent 20-year-olds. However, some may not be able to get rid of debt as soon as they hope. Once again, look at your budget, then decide if you'd like to put more toward tackling debt now or pay your loans as they come.
While you may be able to hold onto your parents' insurance until 26, you'll have to choose your own plans sooner or later. From health insurance to renter's and car insurance, you shouldn't skip an opportunity to cover yourself in the case of an accident. Find a provider and plan you're comfortable with, and get your coverage as soon as possible.
Saving for a Rainy Day
Navigating how to save is another critical financial decision you'll have to make in your 20s. Living paycheck to paycheck is not a sustainable course of action. Even putting a small portion of your wages into a savings account can make a big difference—especially if an emergency you didn't prepare for occurs.
Starting To Invest
Investing is a scary topic for young adults, but it's a great way to build wealth. Starting to invest as a young adult will set you up for success on your long-term financial plan. However, be sure to conduct research before jumping into the market to decide when, where, and how much you'd like to invest.
Your 20s are an optimal time to learn and grow. One area of life you'll undoubtedly learn a lot about is managing finances. Use this guide to help you get started on the path to becoming a fiscally responsible adult.
Tax deductions can be tricky to understand if you're new to the finance world.
One of the biggest sources of confusion is knowing what you can and can't deduct from your taxes. Deductions can be a massive financial boon for a lot of people, yet not everyone files for them correctly. This causes people to miss out on money that should be theirs. We'll go over some of the most common tax deductions that are overlooked, so you don't get shortchanged when Tax Day comes.
When you start regularly giving to charity, even if the donations are small, you'll want to start getting itemized receipts for your donations. These receipts will help you write off these charitable contributions on your taxes. You can even write off supplies that you bought for use in a charitable cause or any miles you drove on your car while in service to a charity. Make those donations to the Purple Heart Pickup with an open heart, but make sure you get your deduction on top of that.
Student Loan Interest Payments
Student loans take up a significant amount of a lot of people's money. If you're one of these people, make sure that you get a deduction on the amount of interest you paid off in the last year. What's important to remember is that even if you aren't someone's dependent, you can write off the money someone else gave you to pay for said student loans. If someone else helped you pay off part of your loan, don't think that means you can't still get a deduction on that sum.
Child and Dependent Care Credit
If you have a reimbursement account through your job that pays for child or dependent care, you might be forgiven for forgetting about this particular tax credit. However, you can use these funds for a tax credit if you file for them correctly. This is hugely important because this is an opportunity to receive a full tax credit, not just a deduction. You're losing money you could be directly receiving if you don't file for this credit.
Jury Pay Given to Your Employer
A lesser-known tax deduction that often gets overlooked is the money you can deduct from jury pay you gave to your employer. It may not be the most exciting thing to come out of jury duty, especially after handing over any money you receive to your employer, but you do get to deduct however much money your employer made you hand over after you finished jury duty.
Credit for Saving
While this credit is more for people that are working part-time or for those that have a retired spouse, you can get a tax credit for contributing to a 401(k) or another retirement savings plan. This is also a great incentive for those that are just starting out in their careers and need another reason to start saving for the future.