In this activity, you are tasked with exploring the factors to consider when changing careers. Here are some steps to help you navigate through the questions:
1. Identify a new career that interests you and research the demand for workers in that field. Look for job market trends, growth opportunities, and job openings to assess the need for workers.
2. Determine the expected income in your new career. Research salary ranges, benefits, and potential for growth to understand the financial aspect of the switch.
3. Find out the training requirements for your new job and the associated costs. Look into educational programs, certifications, or courses needed to qualify for the position and calculate the expenses involved in obtaining the necessary training.
4. Evaluate your current savings to assess if you have enough to cover expenses during the transition period. Consider factors like living costs, training fees, and other financial obligations to determine if your savings are sufficient.
5. Explore the possibility of continuing to work at your current job while training for the new career. Assess if your current job offers flexibility or support for your career change, such as covering training expenses or providing part-time opportunities.
By following these steps and conducting thorough research, you can develop a well-rounded plan to ensure financial stability during the transition to a new career. It's essential to consider all aspects carefully to make an informed decision and set yourself up for success in your career change journey.
