Wednesday, 26 February 2014

Coping With Financial And Life Changes

By Aaron Woods


Coping with the vast changes that come with an unstable economy and the life changes you experience as you get closer to retirement age can be confusing.

How Blogs Make Money Blogs make money through pay-per-click ads and through licensing out privileges to companies. For the best results, you should probably aim your blog toward one niche that will draw an audience. For example, if you are good at carpentry, write about that and maybe you could get a deal with a hardware branch like Home Depot.

You do not want to make the move to a new career and then find that down the road you are just older without a proper level of financial resources to make a move to a more desirable career.

Is the new career in harmony with your life goals? For example, if you plan on retiring early and perhaps working part time; will your new career support this decision? If you plan on moving and living in a different area are there sufficient jobs in your new career in that area? Does your prospective new employer engage in activity that you do not look at favourably? Tobacco, alcohol, etc.

Just be clear on your reasons for a career change. The last thing you want is a mid-life career change with a good boss, in a great company with a rising future and you are still dissatisfied. Not a good position to be in. Don't be in a hurry. A career change after 50 is a big step, full of financial and career pitfalls.

Getting Started Don't quit your day job just yet! A career in blogging may not come quickly, but you'll need that enthusiasm to dump your boss. Prepare yourself for the transfer, but don't quit until you start seeing money roll in from your blog.

Many times loving what you're doing does not equal meeting your financial goals. Although doing what you love is important make sure in your career research that if your become an expert in your new career that the financial rewards will follow.




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