Changing careers is a big deal.

It is scary and risky, but it can also be a rewarding experience. A significant reason why many people hold back from making that leap is that they worry about how making such a change will affect their finances. A career change may entail some difficult compromises when it comes to your finances, and most often prefer to play it safe. Let's be real. There’s that rent or mortgage to think of. Not to forget the electric, water, cable bills, childcare... The list goes on and on. 

Yes, the spark is losing its shine when it comes to your current job but it pays the bills, right? It is stable and reliable, so even if you want to get out of it, you think “It’s that not bad. I’ll give it a few more months before looking elsewhere”  but for how long do the few more months really last?

There are proven ways to help you take that leap of faith with confidence and pursue a career that will provide you with the...

Photo by Christina on Unsplash

Today pivoting careers and job-hopping have become common. On average, employees stay with their companies only for about 4.2 years before they move on to a new job. While the idea of starting in a brand-new field may seem exciting, pivoting careers has its own challenges that you need to take into account.

With jobs becoming less linear and more flexible, changing them could mean having to deal with substantial pay cuts. You may very likely have to start from the bottom, and not everyone can afford to do that, especially with a great deal of financial uncertainty and emotional instability involved. However, there are a few ways you can change careers while making sure that you stay in a relatively “experienced” salary tier.

Use Your Existing Skills To Your Advantage

If you are thinking of changing your career, the expected demands and requirements at your new job may scare you at first. It may very well seem like a nightmare...