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THE CAREER CHANGE FINANCIAL PLANNERBreak Away Without Going Broke (SM) |
If you’re thinking about changing careers or have recently made the leap, chances are you may experience a temporary — or even permanent — cut in pay with that change. And what if your child just happens to be getting set to make his own leap – to college? According to Todd Weaver, Senior Associate at [...]
Quitting your job to start a business remains the American dream for many. And thanks to Johnny Paycheck’s hit song “Take This Job and Shove It“, many of us have been humming the tune and playing out the scenario in our minds since 1977. But even if you are 100% sure you have a “can’t fail” idea for a business, [...]
Photo by Sharon Harvell Could it be that the long-awaited bluer skies are finally returning? The stock market, holiday spending, and other economic indicators are up. Most welcome of all perhaps, according to the latest report, unemployment is down. If you are one of the lucky beneficiaries of this nascent uptick in hiring, congratulations! Before you get too [...]
Founder of Aspire!, Randi Bussin In Part 1 of the series, career expert Randi Bussin and I teamed up to give you 8 tips for managing your cash flow before and after your career transition. Part 2 covers managing debt, benefits and taxes during your career change. Randi Bussin, CCMC, CPBS, MBA, is a Career Reinvention [...]
If you’re Beta testing a career change that involves relocation, use the Cost-of-Living Wizard on Salary.com to help you estimate the impact on your financial plan. Just plug in your current salary, current work and home locations, and the new locations, to see usable stats on how much you’ll have to earn to maintain your standard of living [...]
Analogy junkie that I am, I’ve drawn comparisons between financial planning and bike racing, gardening, cross-country skiing, surviving in the wild, organizing, high school, and personal training. So it’s surprising that I’ve never drawn on my pre-career change experiences as a software product manager when writing about personal finance — especially since I see parallels between the [...]
Dreaming of reinventing your professional self? Does that dream include a cut in pay? Yeah, right! But, for many, it may be the reality, at least temporarily. So how do you make your dream career happen anyway?? Career expert Randi Bussin and I teamed up on this article to provide some answers to just that question. The [...]
The Money Book for Freelancers, Part-Timers, and the Self-Employed, by Joseph D’Agnese and Denise Kiernan, has hit the bookshelves! I’m excited about this for several reasons… First, readers of the blog have probably heard me say it before: I believe that people need to adopt entirely different money management strategies in order to be successful when [...]
Don’t miss this recent Boston Globe Money Makeover by my friend and NAPFA colleague Dana Levit! This is exactly the kind of financial planning I recommend prospective career changers do before making a transition. Doing an analysis like this is even more important if your transition is likely to result in a lower annual income [...]
It’s sunny, dry, and brutally hot. The perfect day for Pink Slip Lemonade, you might argue, if you were imagining yourself poolside at an all-inclusive resort in Palm Springs, or in your own backyard in the dog days of August, surrounded by friends and family. But what if instead you found yourself, as Man vs. [...]
