There are many reasons you might be considering a career change – maybe you’ve reached a ceiling in your professional life, or are in search of a new challenge.
Whatever the reason, one thing is for sure: you’re certainly not alone. Our whole definition of career and what it means has undergone a huge change in the last 20 years.
If you’re considering changing careers or even just roles, you may want to review your finances to make sure you can swing a career shift. The right planning can determine how successful and smooth your transition will be – it could even make or break your move.
A shift in career or switching roles can bring new opportunities, but it can also mean letting go of security. It is a time when you might feel it’s appropriate to reassess your financial situation, and normally a great time to develop a financial plan. Many people choose to coincide this change with embarking on a new financial journey such as starting a savings plan or making changes to superannuation.