For many, money is always a difficult subject to think about, but throw a major career change into the mix, and suddenly the stakes feel even higher.
Changing career can feel like a big decision, and this can be heightened by a sense of financial insecurity during this transition from your current job to a new income.
There's no getting away from the fact that money is of huge significance to our daily lives, and these worries can feel especially strong if you have financial responsibilities such as a family, or future expenses, leading some to prioritise security over meaningful work.
However, the right planning and preparation can make a huge difference. It is possible to afford that same feeling of security, and make a career shift that truly matters to you.
Whether you’re looking to enter a new industry, start your own business, or pursue a new challenge, understanding how to manage your finances can ease your mind. The perceived financial barriers needn't be what keeps you stuck in your current job, and pursuing work you love in a new career path.
Ed Enver is an entrepreneur, director, and financial adviser who has run his own business, Enver Wealth Management, for the last ten years.
For this month's Switch in Six, Financial Adviser Ed Enver shares his practical tips and exercises for how to afford a career change financing your career move. From establishing a budget spend to cover your true monthly outgoings to saving money for your emergency fund, and mitigating risk, there's plenty you can do to start preparing your savings. Download his Chapter below to learn more.
Ed's is the second chapter of St James' Place Financial Adviser Academy's Switch in Six, a six-part series looking to answer everything you need to know about career change, and have you set up for your switch, in six steps.
Each month, we’re bringing you an expert on career change to share their advice and to equip you with all the career change tools you might need to leave you feeling supported and ready for success.