4 safe strategies for a mid-career pivot
· 14 min · Episode 1054
Episode 4 safe strategies for a mid-career pivot
1054. Are you comfortable in your career but longing for change? Or maybe you want the freedom to move anywhere in the country without taking a financial step backward? Host Laura Adams answers a listener’s question about safe ways to pivot to a new career with a high earning potential and geographic flexibility.
Key Takeaways:
• Break down your existing career expertise into hard skills (core work functions), soft skills (interpersonal abilities), and system skills (software tools and digital platforms) that you can use in a new career. • Consider high-demand sectors that exist throughout the US for maximum flexibility, such as healthcare, financial services, insurance, real estate, cybersecurity, and information technology, or fully remote roles. • Validate your interest in a new field by conducting informational interviews, shadowing professionals, and taking introductory online coursework before resigning from your current position. • Never judge a relocation offer solely on the gross salary figure; always account for the region’s cost-of-living, housing affordability, and state income taxes to understand your net take-home pay. • Keep a separate cash cushion outside of your emergency savings to cover upskilling courses, licensing fees, income gaps, and relocation costs.
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- https://shows.acast.com/money-girl/episodes/69c148c17878605e117b81c9
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