Are you thinking of investing your money but don't know where to start? The question we want to help you answer is - do I invest it all at once or do I slowly invest my money a little at a time over time?
It’s odd to think that just one more day makes things feel “new”. What is so different from December 31st to January 1st that we rethink our habits, health, happiness, and overall lives? Nothing really, but a number. It is a powerful number that resets the clock and gives us a new time stamp to measure ourselves and our progress. It also helps define past time periods that make it easier for reflection.
Are you reviewing your last 12 months and contemplating what might make 2023 better? Would new healthy habits or a new hobby make your year better? Maybe it’s something bigger like flexibility, clarity, purpose – somethings that can be achieved with a new job or a career. Changing your diet or starting a new hobby does require some research and can easily be updated if you don’t get it right the first time. However, changing your job or career can be a little more costly if you make the move without some thorough consideration.
Whether your concerned about your employer downsizing staff or you just need a new challenge, here are a few things to keep in mind before you jump ship.
Considerations before switching jobs
- Job Satisfaction: do you feel like you are not being challenged or not able to utilize your skills and abilities to their full potential? Maybe your current job or career doesn’t fill your sense of purpose?
- Career Growth: is the new job/career going to provide you with opportunities for growth and advancement? Will it help you build new skills or experience that can benefit your long-term career goals?
- Workload: consider the workload expected at the new job, and make sure it is something you can handle.
- Work-life Balance: will the new company allow you to have a better work-life balance? Are the hours and schedule more conducive to your personal life and commitments?
- Compensation & Benefits: evaluate the compensation package to make sure it is competitive with other similar positions and reflective of your experience and education. Examine the benefits offered and compare them to those of your current employer to determine if the new job is a good financial fit.
- Culture and environment: think about the corporate culture and environment of the new workplace, and how it fits win with your personality and values.
- Location & Commute: make sure the new job is located in an area where you’re comfortable living and working, and that the commute isn’t too lengthy or expensive.
It’s also a good idea to consider your financial situation before making a decision to change companies. If you are considering leaving a stable job for a new opportunity, make sure you have a solid plan in place to ensure that you can support yourself financially during the transition. Not sure if you’re financially secure? We’d be happy to provide a free consultation to help you determine if you’re ready for your next career move.
M & A Consulting Group, LLC, doing business as CAM Investor Solutions is an SEC registered investment adviser. As a fee-only firm, we do not receive commissions nor sell any insurance products. We provide financial planning and investment information that we believe to be useful and accurate. However, there cannot be any guarantees.
This blog has been provided solely for informational purposes and does not represent investment advice or provide an opinion regarding fairness of any transaction. It does not constitute an offer, solicitation or a recommendation to buy or sell any particular security or instrument or to adopt any investment strategy. Past performance is not a guarantee of future results. Diversification does not eliminate the risk of market loss. Tax planning and investment illustrations are provided for educational purposes and should not be considered tax advice or recommendations. Investors should seek additional advice from their financial advisor or tax professional.