cover of episode "I Feel Behind in My Career. Help!"

"I Feel Behind in My Career. Help!"

2024/12/27
logo of podcast Money Rehab with Nicole Lapin

Money Rehab with Nicole Lapin

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People
J
Jason Pfeiffer
N
Nicole Lappin
一位致力于财务教育和媒体的专家,通过多种平台帮助人们提高财务素养。
S
Sean
著名个人财务专家和广播主持人,创立了“婴儿步骤”财务计划。
Topics
Nicole Lappin: 与他人进行比较可能会导致负面情绪,职业道路并非总是线性上升的。 Jason Pfeiffer: 帮助一位对职业发展感到不满的同事,探讨如何追赶上。 Sean: 二十年前与Jason在同一工作,但职业道路截然不同。他经历了记者、警察调度员、教师和律师助理等多个职业,但薪资没有达到预期。他希望了解如何提高收入,并设定了年薪10万美元的目标。他承认自己过去没有充分考虑薪资因素,也没有进行充分的市场调查。他容易被新的事物吸引,导致职业生涯中频繁跳槽。他害怕没有计划,这导致他缺乏安全感,并容易抓住现有的工作。他回顾过去,对自己的职业选择感到后悔,但同时也意识到过去的经验可以为未来的决策提供参考。他希望找到一种方法,将自己积累的技能结合起来,创造更高的收入。他喜欢写作和教学,并考虑利用这些技能帮助律师改进沟通技巧,或者通过兼职写作来增加收入。

Deep Dive

Key Insights

Why does Sean feel behind in his career compared to his former colleague Jason?

Sean feels behind because his career hasn't followed a linear upward trajectory like Jason's. He has made several career shifts—from journalism to police dispatching, teaching, and now paralegal work—but hasn't achieved the financial success he desires, currently earning about $54,000 annually, which is half of his $100,000 goal.

What was Sean's initial career and why did he leave it?

Sean started as a journalist at a local newspaper but left due to low pay, earning only $12 an hour after several years. He transitioned to a police dispatcher role, which offered a higher salary of $40,000 annually, but he quickly realized it wasn't a long-term fit due to its monotonous nature.

What challenges did Sean face when transitioning to teaching?

Sean became a teacher after passing required tests in Massachusetts, but he struggled to find a job initially. When he did, his salary dropped to $30,000 annually, a step back financially. Despite finding success and even being nominated for a national teaching award, he eventually left teaching due to cultural changes at his school.

How did Sean's lack of a safety net influence his career decisions?

Sean's lack of a safety net—his father passed away when he was 20, and his mother wasn't in his life—forced him to prioritize immediate financial stability over long-term career planning. This led him to take jobs out of necessity rather than passion or strategic growth.

What advice did Jason and Nicole give Sean to help him catch up in his career?

They advised Sean to leverage his accumulated skills—such as writing, teaching, and paralegal work—to identify problems he can solve, like teaching lawyers to write in plain English. They also suggested exploring freelance opportunities on platforms like Fiverr and Upwork to create additional income streams.

What is Sean's financial goal and how does it compare to his current earnings?

Sean aims to earn $100,000 annually, but he currently makes $54,000 as a paralegal. He acknowledges that his past career moves weren't optimized for money but now wants to focus on achieving his financial goal.

How did Jason's career path differ from Sean's?

Jason's career path diverged from Sean's due to his willingness to take risks, supported by a safety net provided by his family. After starting in journalism, Jason pursued opportunities that allowed him to grow financially and professionally, including freelancing on the side of his full-time jobs.

What role did fear play in Sean's career decisions?

Fear of not having a plan or feeling lost drove Sean to take jobs that presented themselves rather than carefully researching and planning his career moves. This led to a series of transitions that didn't align with his long-term financial goals.

What is the significance of having multiple income streams, according to Nicole?

Nicole emphasized that the average millionaire has seven income streams, highlighting that relying solely on a paycheck is rarely enough to build wealth. She encouraged Sean to explore freelance work and other income-generating opportunities to supplement his earnings.

Shownotes Transcript

This week, Nicole's favorite episodes of Help Wanted (the podcast she cohosts with Entrepreneur Magazine editor in chief Jason Feifer), take over the Money Rehab feed. This episode turns into a Sliding Doors special; today's helpline caller worked with Jason at a local newspaper over two decades ago. Since then, his career hasn't had the linear upward trajectory he hoped for— which has left him making about half the salary he wants. Today, Jason and Nicole break down how to play catch-up.

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