Is changing careers worth it?

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 Marie, CAIA, is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok Lissa Lumutenga, CFP®, AFC®, is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram | TikTok | LinkedIn 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? 💸 DM us on Instagram: @netnetpodcast Email us at [email protected] 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!