Lizzy and Lissa break down the hidden costs – financial and otherwise – of changing careers. Many people grow tired of their jobs and want something new. Others base their career choices primarily on financial opportunities. Regardless of your motivation to change careers, is taking the leap worth it? Lizzy and Lissa discuss when to pivot, how to weigh the costs (and benefits), and why some career changes lead to success while others stall out.
Main Topics
00:00 The Job Change Phenomenon
01:08 Running the Numbers Segment
04:22 Our Job Counts
09:29 Costs and Sacrifices of Career Changes
13:49 Emotional and Social Impacts
18:22 Balancing Passion and Practicality
24:13 Balancing Passion and Stability
26:13 The Dilemma of Job Hopping
27:28 Chasing Promotions
29:37 The Cost of Overcommitment
31:51 Arbitrary Deadlines and Burnout
33:36 Planning a Career Change
36:22 Exploring New Career Paths
44:45 20 Cents Segment
References for Statistics
https://www.zippia.com/advice/career-change-statistics/
https://www.bls.gov/news.release/pdf/nlsoy.pdf
https://www.bls.gov/ooh/fastest-growing.htm
https://www.weforum.org/stories/2023/05/workers-multiple-careers-jobs-skills/
https://www.apollotechnical.com/career-change-statistics/
https://novoresume.com/career-blog/career-change-statistics
https://www.luminafoundation.org/campaign/todays-student/
Co-Hosts
Lizzy is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok
Lissa is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram |TikTok
Credits
► Produced by Lizzy Marie and Lissa Lumutenga
► Artwork by Lizzy Marie
► Music by Lissa Lumutenga, Net Net Podcast “Theme Song”
Talk to us
Hit us up, let us know what you think: IS IT WORTH IT? 💸
Disclaimer
This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.
Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!
