Is changing careers worth it?
Net Net5 Feb 2025

Is changing careers worth it?

Lizzy and Lissa break down the hidden costs – financial and otherwise – of changing careers. Many people grow tired of their jobs and want something new. Others base their career choices primarily on financial opportunities. Regardless of your motivation to change careers, is taking the leap worth it? Lizzy and Lissa discuss when to pivot, how to weigh the costs (and benefits), and why some career changes lead to success while others stall out.

Main Topics

00:00 The Job Change Phenomenon

01:08 Running the Numbers Segment

04:22 Our Job Counts

09:29 Costs and Sacrifices of Career Changes

13:49 Emotional and Social Impacts

18:22 Balancing Passion and Practicality

24:13 Balancing Passion and Stability

26:13 The Dilemma of Job Hopping

27:28 Chasing Promotions

29:37 The Cost of Overcommitment

31:51 Arbitrary Deadlines and Burnout

33:36 Planning a Career Change

36:22 Exploring New Career Paths

44:45 20 Cents Segment

References for Statistics

https://www.zippia.com/advice/career-change-statistics/

https://www.bls.gov/news.release/pdf/nlsoy.pdf

https://www.bls.gov/ooh/fastest-growing.htm

https://www.weforum.org/stories/2023/05/workers-multiple-careers-jobs-skills/

https://www.apollotechnical.com/career-change-statistics/

https://novoresume.com/career-blog/career-change-statistics

https://www.luminafoundation.org/campaign/todays-student/

Co-Hosts

Lizzy Marie, CAIA, is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok

Lissa Lumutenga, CFP®, AFC®, is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram | TikTok | LinkedIn

Credits

► Produced by Lizzy Marie and Lissa Lumutenga

► Artwork by Lizzy Marie

► Music by Lissa Lumutenga, Net Net Podcast “Theme Song”

Talk to us

Hit us up, let us know what you think: IS IT WORTH IT? 💸

Disclaimer

This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.

Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!

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