What's new

Vocation

To answer the OP's question, I'm 36 right now and in about 6 months time I'm about to have the biggest change in my life.

But the story started after I graduated with a Masters degree in Economics and Finance I got a job as an economist for a property company. I really enjoyed it as a first job, a smaller company you get to know everyone, it had a real 'family' feel to it. To me it was an ideal first job straight out of Uni/College.

However the job was too repetitive for me, and the company too small, and I wanted to try something else, so a couple of years later I applied and was accepted into International tax consulting role at one of the Big 4 accounting firms. I thought this is the kind of job where you can really grow into it and with potential for future International transfers and movement, it was by far a really nice upgrade. I rose through the corporate ladder and quickly became an assistant manager in about 2.5 years and was in line for a managerial promotion. But something wasn't right. I didn't like that I had to sit in an office all day, plus paying rent in the CBD where I worked and all the expenses I wasn't able to save much money even though I was earning a lot.

So at 28 I'd decided to start a plants nursery/shop with my family. It may sounded like a huge downgrade, but I was confident it would pay off in time. I could see that by being my own boss and having a better work/life balance was gonna be good for me health wise. On top of that I felt like if I work really hard for about 10 years I would be able to save enough (not paying expensive rents in the CBD) and maybe retire and a real chance at getting out of the rat race. I'd read 'Rich Dad, Poor Dad' as a teenager and that may have impacted the decision somewhat.

Fast forward 8 years to present day and I'm in a position to retire (albeit in Thailand where the cost of living will be cheaper than NZ). As a family we have saved enough to purchase a building in NZ we're leasing out for passive income. I have a couple of condos in Bangkok, one I'm renting out, one I'll be living in, so there's extra income there too. Cost of living is pretty cheap so it's doable.

What will I be doing with my time? Not sure yet. But hopefully it'll come. I've always wanted to become an artist (painting, sculpture). Maybe I'll do a Bachelor in Fine Arts. Maybe I'll join an indie film crew and have an adventure. If there's an opportunity I'd also like to work with the NBA to do some things in Thailand with basketball. We'll see.

But yeah like many have said before, a change can be good. And a calculated change is even better.
 
Still have to find a job you like. It's half of your life spent there.
Or make a lot of money and stop working. Then you dont have to spend 1/2 your life there.

Better option is to start a business that will make money and you dont have to work at it every day after it gets running. If it is doing something you enjoy even better.

Although for me the company I am around tends to be the most important for job satisfaction. If I like my co workers and bosses I usually like the job. With your own company you dont have a boss and you can pick your co workers.
 
Has anyone on the board started over or diverged from their career after the age of 35? What were your biggest obstacles?

I’ve been involved in, in one way or another, grocery retail/DSD sales since I was 17. It’s sucking the life out of me and I need a change. I’ve a few things in mind(mostly unrelated to my work experience) but was looking for some input as to how those that have made the change went about it.

What's your education level? And what types of careers are you thinking about? Without knowing those we can only speak in generalities.

Here are my main three bits of advice for selecting a career:

1. Make sure it's something you like. As Siro and others said, you are spending a LOT of time there over the course of your life, and if you don't like what you are doing that'll really affect your attitude in all other areas of life (as you have seen). Conversely, if you like what you are doing you'll be happier--and you'll also want to put in the needed time to get even better at it (see next point).

2. Make sure it's something you're good at. If you like it, but aren't good at it, you likely won't be able to succeed. I'm a physics professor and we sometimes see students that really like physics, but (for example) can't handle the math. That's not going to work out well. The whole "you can do anything if you just want it enough" concept that you sometimes hear today is hogwash. Job markets can get super competitive at times and unless you've got genuine ability in your area, i.e. something that you can offer employers that others can't, you may struggle to get/stay employed.

3. Make sure it's something you can support a family with. A lot of people like and are good at stuff that isn't really marketable. But you've got to be able to pay the bills and put food on the table for yourself and (assuming you are/will be married/have kids) your family. I really like music and I'm pretty good at it... but I wouldn't be able to support my family as a professional musician given my current ability. I know a couple of professional musicians and they are crazy good.

Beyond that, I also really like the advice (forget who said it) to not quit your old job before you have found a new job. Do things in the right order. I've met so many people who quit the job they don't like, then start looking for a new job. Stupid, stupid, stupid. That just causes them serious grief as they can't pay their bills, etc. And as I think someone mentioned already, could even make it less likely someone will hire you because then you'll have to explain why you are currently unemployed. Much better to start looking now, and only quit once you've got the new job lined up.
 
Agreed. Work to live and in your non-work life try to find your passion.

Still have to find a job you like. It's half of your life spent there.

I agree with these... you are more likely than be successful at something you enjoy but passion is a strong word.

I bounced around a bit within my field when I was restless... I eventually moved off on my own. There are things that still really suck but there is a lot of good and ultimately I’m proud I can provide things for my family that I never had.

I’m still looking around at other opportunities to have more passive businesses... I think human nature is to always be looking for the next step in the progression.
 
Back
Top