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Should You Quit Your Job to Focus on Making a Career Change?
Happen To Your Career - Meaningful Work, Career Change, & Career Design
Assessing Your Financial Readiness for Career Change
Evaluating financial readiness is crucial when contemplating a career change. It's important to determine if there is a financial runway—such as savings or additional income—that can support the transition. Building a financial cushion through consistent savings from salary increases or promotions can provide security during this period. Individuals should consider living arrangements that reduce costs, like staying with supportive family members, to extend their savings. It’s also advisable to budget for worst-case scenarios, recognizing that job searches often take longer than expected. Many underestimate the time required to secure new employment, and it’s realistic to plan for a job search that could last six months or longer, particularly during slow periods such as holidays. Taking time off before engaging in active job searching can also help in re-establishing focus and reducing stress.
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