| Hi Taylor
- I'm starting to feel a little bit like I've stalled out, career-wise.
I work for a non-profit and I enjoy the work, but I'm not sure how
to make more money or where I might be in 5-10 years. I'm worried
if I get a new job I'll just be starting over, but maybe that's what
Hi Noah - I think everyone hits this roadblock at some point in
their career. I know I've had a handful of "What am I doing?" and
"What's next?" moments. I suggest you take a minute to write down
some short-and long-term goals; those will help you start taking action
in the near future without feeling like you're forced to make one
giant, life-changing decision.
term. From what you wrote, it sounds like you enjoy your work
but probably need to start making more money. Oftentimes, the
solution is just to ask for a raise. If you've had the same salary
for a few years, you deserve a pay bump. That said, you know your
non-profit better than I do and money might be pretty tight. If
you don't feel like the funds are there for an immediate raise,
can you think of ways to bring in more revenue? I think you should
make two lists: one with all the things you like about your job,
and a second with ways you can generate more income. Combined,
these two lists can illustrate both what you bring to the company
already and what you can do to make more money for everyone.
2. Long term. This is the question that can be a little paralyzing.
If you think too hard about where you want to be in 10 years,
you might start sweating about where you are now. Don't fall into
the trap of worrying and second-guessingjust think about
what you want. Do you want to run your current company someday?
Do you want to start your own business? Do you want to work less
and travel the world? Are your primary goals more about having
a family and less about the job you have? These are all important
questions and there are no wrong answers. Try not to be too rational
or pessimistic and think about what you really want.
3. Get excited. It's so hard to take a big risk, but that's
exactly how we get the biggest rewards. Maybe the risk is looking
for a new job, maybe it's asking for a pay raise, maybe it's going
back to school and trying something completely new. Whatever it
is, don't panic about startin over. Everything you've done to
this point still matters, and the next leg of your journey is
informed by your past. It's a change in direction, not a reset.
With the right frame of mind, that can be really exciting.
| We all feel
stuck from time to time. That just means it's time to invest in yourself
and make some moves, big or small. Good luck, Noah!
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.