- Ensure that the new career path will be something enjoyable and helpful in getting you the income that will help you fulfill your life goals.
- Be prepared to take a pay cut at first though.
- Build up your skills before you make the jump.
- Be honest with your current boss.
- Build a professional network and find a mentor
- Don’t sell yourself short, as often there is a lot of cross over from your existing education and experience that can be applied to the new role, even if it’s in a different industry.
- Be ready to work hard.
- There are a few key factors you’ll need to consider when asking yourself whether or not you can afford to change careers:
- What are your monthly living expenses?
- Are you supporting yourself or a family?
- How much of your current lifestyle can you go without?
- Could you live off your savings for a while?
- Will you need to return to study?
- What will your financial situation be like in your new career (e.g., will you need to start on an entry-level wage?)?
- If you have a more complex financial situation, or can’t get your head around the budgeting aspects of a career change, it’s worth meeting with a financial planner.
- A good financial planner can play a critical role in helping you to identify realistic goals and providing advice on strategies to allow you to reach them.
- The advice and plans created in conjunction with a financial planner may be invaluable in ensuring that your financial situation during this significant change in circumstance is properly planned and managed, allowing you to better concentrate on your studies and ensuring a successful transition in careers.
https://www.abc.net.au/everyday/first-steps-to-take-when-changing-careers/9839730