We all know that there is not as much job security in the job market as a decade ago. With more expectation and increasing competitiveness, employers spend no time in downsizing or replacing employees.
What does this mean for you? You not only need to plan your career carefully, but you also need to make wise decisions related to your finance like making reasonable purchases and investments.
Choose an Interest-Based Career Instead of Following Money
This is one of the common mistakes most people commit at the start of the career. It is no surprise that most people want to earn as much money as they can, but choosing a career path that you don’t have any interest in only for money can backfire.
There is a difference in earning money and being successful. When you join a career that you aren’t interested in, you get tired and bored very quickly, and your chances of long-term success and growth decrease as you lack passion. The job doesn’t energize you – it doesn’t excite you – which often results in slow career growth.
On the other hand, if you choose a career that interests you, even if you earn little less than others, the chances of long-term success and financial stability are high.
Why? Because when people choose a career that they are interested in, they put more effort, work with passion, and feel more satisfied and happy. All these factors help people live an accomplished life.
Simply put, make sure the career you choose energizes and excites you. When we all want to earn more money, we also want to enjoy what we are doing, don’t we?
Pursuing the Career of Your Choice
It’s no secret that our financial situation depends not only on how much we spend and what speciality we get in the university, but also on what kind of company we work in.
The better the company, the more competition you will face. The more a job pays you, the more people you need to outperform. For this, you need a competitive edge, anything that can place you above the herd.
As today’s employment society is very competitive, to get a better job you need to be head and shoulders above the rest. During the first stages of selection, when HR needs to proceed hundreds of applications, your CV, cover letter and autobiography play incredibly important role. Make sure your application is remarkable and depicts all your outstanding achievement. In case writing CV’s is not your strength, it’s better to get help from professional custom writing services like WritingsGuru that can write a high-quality and well-structured resume where all your achievements will be displayed in a proper way. Don’t hesitate to waste time and money on your CV, as you will never have a second chance to make first impression.
Assessment of Risks and Rewards
Risk assessment is very important not only when it comes to choosing a career, but also when making investments. It is better to assess the future of the industry you want to join. We really hope you are not trying to join an industry that will be taken over by Artificial Intelligence in the near future. For example, here is the list of the 15 jobs that will disappear in the next 20 years due to AI.
If you are planning to join any of these, we can safely say that you are making a wrong career move. According to another study by Oxford University, around 47% of the current jobs will disappear in the next 25 years.
So, make sure the career you are choosing is growing and expanding, providing more opportunities for you as you get more experience in the field. Make proper risk assessment and potential rewards from each career path. How will your career path affect your financial goals?
All in all, make sure that career you are choosing has enough long-term opportunities to grow. This way, you have better chances of career growth, and with it, better financial stability.
The Last Words
Simply put, when every single one of us seeks a career path that offers us financial stability, money should not act as the ultimate driver in your decisions. Choose a career that interests you the most, with a higher chance of success, and money will follow you.
Make sure to plan your career carefully. Try to start with a big bang, by reaching out to the employers that are considered leaders in your industry. Make proper risk assessment before making investments. All in all, your future happiness and financial stability depend a lot on your decisions you take at an early stage of your life, mostly at the time when you start a career, so choose wisely.