Retirement? or Career Change? Are you prepared?

Retirement? or Career Change? Are you prepared?

Posted by Jim Woods, Lucy Kovalova-Woods on Mar 31st 2023

According to Sean Dennison writing for Yahoo Finance, “64% of Americans Aren’t Prepared for Retirement — and 48% Don’t Care.” [1]. According to retirement reality report, 27% of approaching retirees in USA, 21% in Australia, 15% in Ireland, 14% in Sweden, 13% in Germany, 11% n UK, 8% in Netherlands, 5% in Italy said they are optimistic about their financial situation in retirement [2]. We assume other countries can provide even lower numbers. 

Do you know why this is? We have settled in over the years to be mentally numbed in following others rather than thinking. We fail to question what is in my best interest and that of my family’s best interest. Our thinking has kept us to live a scarcity instead of an abundance mentality. 

The average person will change careers 5-7 times during their working life according to career change statistics. With an ever-increasing number of different career choices on offer, approximately 30% of the total workforce will now change jobs every 12 months. 

If you are changing jobs less than every three years, you are in the minority. You may need to have a well-prepared explanation when you front up to your next job interview. [3] “What we hear over and over again is that [people] fell into their line of work, and 10 years later, they don’t know why they’re still there,” “They don’t want to look back on their lives and regret spending so much time doing something that they didn’t choose and didn’t enjoy.” [4] 

The fact is that you must get up and start your change. 

Each moment there is someone wanting our job. This means we no longer have time to wonder if we want to change, since we know we have to. Your career is the place where you can maneuver and change your life providing you act.

...from the Career Change - Reimagining Your Career at Any Age eBoook. Get a copy here