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If you’re trying to escape the nine-to-five grind, the most important consideration is your net worth. The amount of capital you have working for you is the greatest predictor of your freedom. The more the merrier.
The reality, though, is that most people have no idea what they’re worth. If you asked them, they couldn’t tell you. And that’s a problem. Freedom is all about increasing the amount of money that you have invested that works for you. To rid yourself of your day job, you need at least five figures per year in passive income. Of course, the question for many is “how do I get there?” But first, you need to know what you are worth. Calculating The Value Of Your Assets To figure out what you are worth, you need to first calculate the value of your assets. Assets are basically anything you own or anything that other people owe to you. Here’s a list of assets that you might have:
If you’re not sure how much a particular asset is worth, you can get help. An expert witness is someone with experience in valuing assets and telling you what they’re worth. Liabilities Of course, assets are only one side of the equation. On the other hand, you have liabilities. Liabilities are everything that you owe other people. This includes your mortgage and all other debts. You should also include any depreciating assets you own in this category too. Net Worth Once you have figures for both your assets and liabilities, you need to subtract liabilities from assets. The resulting figure is your net worth, hence the word “net.” If your net worth is above around £1.5 million, you’re said to have a “high” net worth. About 2 percent of the UK population fall into this category, and they tend to be much older people with an average age well into their fifties. The average household net worth in the UK is around £250,000. That’s even when you subtract people’s mortgages. However, that may change if there is a housing slump. Net worth is something that tends to grow exponentially over time. As people get older, the rate at which their net worth increases accelerates. That’s because you have more capital working for you every year. Once you get past the £100,000 mark, life starts to get easier. And once you hit around half a million, that’s when you can really get the party started and think about taking a break from incessant work. For the most part, increasing net worth is a long game. You need to commit to doing it for many years before you’ll get the big payoff you want.
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When you no longer feel rewarded in your career, it can be pretty hard to stay motivated and focused on the work that you need to get done. So what can you do to find that motivation and feel rewarded by your career once more? It’s a tough question, but it’s one we’re going to explore in a little more depth today because it certainly is possible if you make the right moves next, so read on.
Set Some Goals Setting some goals might be what you need to do first of all if you want to make it easier for you to feel fulfilled and motivated in the workplace. When you have some concrete goals to work towards, it can make such a big difference to how you view your work and how you feel when you arrive in the workplace each morning. Remind Yourself of Your Work’s Significance and Impact It’s sometimes necessary to remind yourself of what you’re doing. When you get into routines in your career, you often lose touch with the wider impact of what your work is actually achieving, so it can be a good idea to remind yourself of the good you’re doing and the impact your work is actually having. Collaborate with Others More Collaborating more with the people around you can make you feel more rewarded in your work because you won’t feel like you’re going it alone so much. That’s important because it’s never very much fun to work on your own and feel isolated throughout your working day. So why not do something to change that? It could be what you’ve been looking for all this time. Make a Switch to a Job That Makes You Feel Rewarded Sometimes, you simply have to accept that it’s time to change direction in your career and that the path you’re currently on is no longer capable of making you happy. That’s a situation that many people find themselves in, so you shouldn’t feel too daunted by the prospect. Maybe you can do a job that’s more about helping people if you want that rewarding fulfillment. Medical or care jobs might provide you with that. Challenge Yourself Finally, you should think about whether there are some new ways in which you can challenge yourself to achieve more. When you have something that you feel challenged by and that’s not just mundane and dull, it can definitely make you feel much more rewarded and interested in your work, and that’s what you need when you’re lacking motivation. You could talk to your boss about creating a new challenge for you to work on. As you can see, there are lots of steps you can take if you want to start feeling a little more rewarded and motivated in your career. A lot of the time, you simply need to change your mindset and the way in which you approach your work if you want to get more out of it. Or maybe a bigger change is needed.  Image credit: RAEng Publications from Pixabay If you have complete and total control over your career in the best of all possible worlds. But life occurs, and your career can take an unexpected turn.
If you want to take charge of your career, taking a proactive approach can make a significant difference in where your career develops over time. Here are five suggestions for taking charge of your career. Make A Solid Plan A career plan that includes both short- and long-term goals is an excellent strategy to help you prepare for the future you want. Sure, daydreaming about what you want to do with your job is fun, but having a specific strategy that defines exactly what you need to do and whenever you need to do it will help you take control of your career. For example, if you are looking for an engineering role, it may be a good idea to speak to CAD Draughtsmen recruiters. Look At Your Strengths and Goals Make a list of your advantages and disadvantages. Include goals to help you cope with your deficiencies in your career strategy. Do you require more experience in a specific field? Perhaps you can volunteer to fill that void. Would obtaining a new certification assist you in gaining control of your career? Find lessons that will assist you in gaining the necessary information. And congratulations if you discover you have all you need to take control of your career! You can utilize that knowledge to assist you in building out the professional path you desire. Practice Patience Things that are worthwhile often require time to do. In the same way, once you've developed a strategy and made decisions on how to proceed, allow your plan time to take root and flourish. To some extent, the waiting game is challenging, but things rarely happen as soon as you would like. Make changes at any age A career change isn't just for experienced job seekers; it may also be for millennials and those who are just starting out but decide they want to pursue a route that differs from what they studied in college. That's where a certain level of job hunting confidence comes in—believing in your abilities enough to keep you focused and going beyond any bumps in the road. Don't be afraid of your fears It may appear absurd, yet fear can be a tremendous motivator to keep you working toward your goals. As you attempt to take control of your career, don't be afraid to pursue aspects of your job search that make you uncomfortable, especially if you're pursuing a whole new field. Remember, you're in control Taking charge of your career path is the best approach to avoid becoming burnt out on your job. Defining your goals and developing a clear plan to achieve them will help you maintain control and achieve the achievement that is most important to you. Are you ready to take charge of your career? Consider hiring a career coach. They can assist you in determining what you want out of your job and what you need to do to get there!  Image credit: Tirachard Kumtanom from Pexels We tend to think that our careers are for life. You’ve gone through the education system, found a career, and that’s what you’ll be doing until you retire. But that, of course, is not true. One of the fun things about life is that we can always change what we’re doing; there’s no one there to tell us that we can’t. If you’re beginning to feel that it’s time to change your career, then no worries: that’s something you can do!
But what if you’re not sure what you want to move into? In this blog, we’re going to run through some of the best places to look when you need inspiration. Your Passions What better place to start looking than your passions? They say that if you’re doing what you love, then you’ll never work a day in your life. Have you been honing your skills in one particular area over the years? Then it could be time to monetise the skills that you’ve learned. This could take many forms -- you might offer lessons, open a store, or look for work within a business that deals with your passion. There are plenty of options! In-Demand Careers It’s normal that people become a little bit afraid when they’re changing careers. It takes guts to leave security and do something new. You can minimise the risk by looking at in-demand careers. There are some professions where there are more positions than can be filled. Some careers have a tremendously positive outlook. If you want to work in healthcare or tech, for instance, you’ll likely find that there are plenty of jobs waiting for you once you have your qualifications. With this, you’ll have a well-paying job that you can be confident will provide for you for many years to come. You can also think about jobs that’ll be in demand in the future, such as those related to climate change. If the world needs something, there’ll be jobs in that field for sure. Trying Out Jobs If you’re really not sure what to do, then why not try out a few different roles? This can sound unrealistic, but it’s more possible than many people realise. If you sign up with a recruitment agency, you can get access to a wide range of temporary jobs. They’ll allow you to try out something new -- and get paid -- without having to commit on a long-term basis. If it’s something that you like, then you can pursue that. If it’s not, then you can just move on to the next one! Other People Finally, you can always look at what other people have done with their careers if you’re not sure what to do. These can be famous people or just people that you know. There are plenty of people who have become chefs because they read Anthony Bourdain's books, after all. If there’s a job that someone else does that sounds good to you, get in touch with them, and ask how they got to their position.  Image credit: Gerd Altmann from Pexels Are you looking to achieve success in your career? If so, you're not alone. Many people are looking for ways to make their careers more successful. This blog post will discuss three quick tips that will help you achieve your goals and be successful in your career!
1. Outwork your competitor One of the best ways to achieve success in your career is to outwork your competition. If you want to be the best, you have to put in the work. Outworking your competition will not only make you better, but it will also make them respect you more. Competition is a good thing - it helps us push ourselves and be the best that we can be. If you find yourself in a competitive environment, use it to your advantage and work harder than everyone else. One of the most important things to remember if you want to be successful in your career is that there is no substitute for hard work. If you want to achieve your goals, you have to be willing to put in the hours. 2. Studying helps more than you realise Studying can help you more than you realise when it comes to career success. Many people think that they can just wing it, and they'll be fine. However, this is not the case. If you want to be successful in your career, you need to work and study hard, preferably with a recognised university in a good schooling country, like the United Kingdom, for example. When applying to university, don't take it lightly. Approach all communication and application with seriousness and professionalism. After all, your future depends on it. It is advisable to look for help where you can find it and learn important formats like UCAS personal statement examples. If you're interested in joining a particular university, consider reaching out to alumni for advice. In addition to studying at a recognised university, another way to make sure you're on the right track is to get internships and work experience in your field of interest. This will give you a leg up when it comes time to apply for jobs. 3. Get a Mentor One of the best ways to achieve success in your career is to find a mentor. A mentor is someone who has been successful in their field and can help guide you to success. They can offer advice, support, and guidance when it comes to making decisions about your career. Mentors can be found in many different places. You can ask family and friends if they know anyone who would be a good mentor for you. You can also look for mentors online or through professional networks. Once you find a mentor, nurture the relationship and take advantage of their wisdom! In conclusion, if you want to succeed in your career, you need to outwork your competition, study hard, and get a mentor. Just by starting with these three areas, you'll stand out above the rest and be on your way to a successful career!  Image credit: Janeb13 from Pixabay The wellness industry continues to grow at a fast pace. It, therefore, makes sense that more people are paying attention to this field in a professional sense. So, if you are already contemplating a career change, it would be great to consider the vast opportunities that abound in the wellness industry. Already, statistics indicate that 50% of Brits are looking forward to making a career change in the next two years. Many want to leave office life behind. If you belong to this group, these ideas may help. 1. Fitness instructor The fitness industry is vast, competitive, and can be lucrative if your marketing is done right. In the UK, the average annual salary of a fitness instructor ranges from £26,416 to £30,416. This value could increase depending on location, clients' socio-economic status, and other determinants. There is usually some confusion between a fitness instructor and a personal trainer. However, according to experts in the field, a fitness instructor is restricted to group class settings. On the other hand, a personal trainer's activities involve more one-on-one sessions with clients who pay for the private service. Furthermore, the opportunities as a fitness instructor are varied and created to suit specific results. For instance, as a fitness instructor, you can train to teach Yoga. Before practising, though, it is vital to take up a yoga teacher training course. That way, your clients can be assured of your expertise. Also, a career in yoga teaching allows you to control your hours without needing to work a 9 to 5. 2. Nutrition professional Over the years, nutrition has expanded, opening many career opportunities for interested persons. Moreover, with more studies conducted in nutrition, the wellness industry continues to discover unexplored territories. For example, there is nutrition specifically targeting athletes, while another area concentrates on recovery from certain ailments. The ever-evolving science of what humans eat to improve their well-being drives this industry. Professionally, you may want to study to become a nutrition professional. However, specialising in an area like sports nutrition may fetch more revenue. Currently, sports nutrition specialists earn at least £100,000 annually. This figure is specifically for nutrition professionals in the football industry. Those who ventured into this domain earlier have become private nutrition professionals for star players.  Image credit: Mariolh from Pixabay 3. Physiotherapist
A physiotherapist is someone whose speciality focuses primarily on helping injured people regain their mobility. Sometimes, it's not all about injury. Instead, it may be pain or mobility problems brought about by old age, ill-health, etc. It is one of the most sought-after professions in the health and wellness industry. Moreover, the average quarterly salary of £44,503 makes it quite attractive to become a qualified senior physiotherapist. The most lucrative areas to be a private physiotherapist are sports or a medical setting. Moreover, because of its highly competitive nature, you are expected to keep updating your knowledge and skills in the field. The wellness industry will continue to expand as the world demands it more. Therefore, if you're making a career change, it will be worthwhile to consider which area you have a passion for.  Image credit: Pixabay from Pexels Your life is your own to live, and that means that you are the one who is responsible for the choices that you make. You are going to need to do your best at all given opportunities to make your life as good as it can be. Life is a sum of our choices, and it’s important that you are always doing what you think is going to be best for you. In this article, we’re going to be taking a look at some of the choices you’re going to need to be really careful about, so keep reading down below if you would like to find out more.
Your Job The first thing that you are going to need to think about is your job. Are you happy with the job that you are in right now? If the answer is no, then why aren’t you doing something about it? Try to figure out what the problem is and why you are not happy with it, and then work on how you can change that. For example, it might be the case that you don’t get on with your boss, and if this is true you should try to sit down and talk to them. If it’s that things don’t feel equal in the workplace, again you need to talk to your employer and go through your problems with them. Speak to other people who work with you, and see what they think as well. It’s always good to hear about what your coworkers are thinking in terms of the business you work for. You may want to ask to bring in changes such as having to have your badge in a badge holder and displayed at all times to ensure that only authorized people are in certain areas of the business. This shows your employer that you care about the safety of the business, and that you are an employee that should be kept at all costs. Your Health You are also going to want to make sure that you are looking after your health. Make the choice to eat a balanced diet, exercise regularly, keep an eye on your mental health, get enough sleep, drink enough water and so much more. If you do this, you can tell yourself that you are making the right choices in your life as you are taking care of your health which is one of the most vital parts of life. Trust us when we say that looking after your health should be at the very top of your priority list, so it’s definitely something to think about here. We hope that you have found this article helpful, and now see some of the choices that you are going to have to make in your life. It’s important that you are doing everything that you can to make the right choices for yourself, and that means thinking through these things carefully. We wish you the very best of luck, and hope that you manage to make the best possible choices sooner rather than later.  Image credit: Daniel Reche from Pexels From time to time, just about everyone finds themselves in a situation where they want to make some significant change in their life, whether that means setting a New Years’ Resolution to get in better shape, or whether it means creating a startup business.
Whether you are considering a foray into the field of Digital Marketing, want to get more fit, or are interested in seeing more of the world, however, one thing that can end up getting in the way of a planned life change is a simple lack of energy. If you feel exhausted and unmotivated on a regular basis, actually moving forward and making any substantial kind of life change can seem very daunting. Here are some tips for getting the energy to make a life change. Use a habit tracker, and start by forcing yourself to go through the right basic steps each day At the start of any new endeavour, you're likely to find it difficult to consistently turn up and put in the effort required – and this could seem to drain your energy significantly more than it would otherwise. Particularly when you're feeling as though you don't have as much energy as you would like, however, using a habit tracker and starting off by forcing yourself to go through the right basic steps each day, can be very helpful. It's a good idea to start simple here, rather than to allow yourself to become overwhelmed by trying to do too much in one go. Consistency, and gaining momentum, is very important. Both for making a life change, and boosting your sense of energy. Put yourself in an environment that helps to encourage and motivate you When you put yourself in situations that help to facilitate the kind of behaviour you're trying to adopt, and especially when you surrounding yourself with individuals who embody the kind of change you're looking to make, you will tend to find that you are much more energetic and driven to move forward in the right direction. If, on the other hand, you want to get in great shape but don't know anyone who's into fitness, you are just going to tend to find it harder to be energised and to take the steps required to move in the right direction consistently. Take steps to surround yourself with the kind of people who can help to keep you motivated to make the change you're looking to make. Find energising hobbies and pastimes to add to your daily routine There are various hobbies and pastimes that you can adopt that are likely to help you to feel more energised on an everyday basis. Find which of these hobbies and pastimes work for you, and then make sure to add them into your everyday routine. Some of the kinds of things you might want to explore could include a yoga routine, regular outdoor strolls, or a chat with a loved one who always helps you to feel more upbeat.  Image credit: Cliff Booth from Pexels Are you fed up with the daily grind? Of being answerable to someone else and turning the wheels of a corporate company that has little impact on your day-to-day life? Perhaps you need more freedom and flexibility from your work life. Your personal situation or home dynamic has changed and the 9-5 is no longer working for you. Or maybe you have just decided that now is the time to pursue a labour of love and do something you want to do to earn a living but you are not quite sure what that is. Here are some career inspiration ideas that can provide you with the opportunity to be your own boss.
A personal trainer If you have always had a flair for fitness and a love of training then why not apply your passion to personal training? PT courses can be found online or in-person up and down the country and offer prospective students all the tools, resources and accreditations they need to take on the role of PT. If you love fitness and wellbeing then what better option than to spend your day in the environment you love helping people to improve their fitness and health too. Marketing If you have a marketing or public relations background going solo and creating your own marketing agency can be a great move. If you know Active mail from Mailchimp and content marketing from SEO then why not use this to your advantage and be the boss, instead of an answer to one. With the explosion of social media and online marketing more and more businesses recognise the need to up their marketing game and need the professionals to help them do it. Outsourcing to marketing departments is growing amongst even the smallest of businesses - and the best bit is you already know how to market your marketing business effectively. Catering Maybe your passions lie in the kitchen. Did your love of baking step up a notch during lockdown? Or you have long dreamed of running a restaurant. If you have a flair for food then why not consider setting up a catering company? With catering becoming increasingly accessible more and more people are turning to paid caterers to supply the refreshments for parties, events and gatherings. What is more, the rise in food deliveries and takeaway services is really opening up the market for new online-based takeaway outlets. Maximise on this lifestyle shift and turn your pastime into a passion lead career. Life coaching Life is stressful and can be difficult to navigate and as such people are looking to life coaches to help them work their way through their busy, complex lives and achieve their personal goals. If you love to listen and help others then consider life coaching. You do not need any formal qualifications to set up as a life coach but obtaining some qualifications will make you more attractive to potential customers. You will also want to feel confident in your ability to really make a difference in other peoples lives. Online life coaching courses can be found easily and can be quick and inexpensive to complete. Public Speaking Public speaking is a phrase that scares so many but for others they thrive. The art of speaking face to face to a live audience now takes shape in many different ways in the modern world. Speaking to an audience, including pre-recorded speech delivered online, formal or informal as well even in front of TV cameras. Should you feel that you do need some guidance, this post over on RMH of Bangor describes the tools you need to deliver a speech that no one will forget. Whether the thought of public speaking is nerve wracking or just another thing you know you'll smash, its definitely a powerful way to connect with others.  Image credit: Pixabay from Pexels Have you been thinking about moving across the world for your career? If the answer is yes, then you need to get ready to be able to do this properly. You can’t just up and leave at the drop of a hat, so things need to be planned out and sorted well before you can leave. In this article, we’re going to be taking a look at some of the things that you are going to need to do, so keep reading if you would like to find out more.
Packing Up All Your Stuff The first thing that you are going to need to do is pack up all your stuff. You are going to need to take a lot of your stuff with you when you move, and you are also going to have to get rid of a lot of your items. You’re not going to want to take everything with you to a new country, especially if you are going to be seeing this as a new start for you. Pack things up and decide whether they are coming with you, getting sold or simply getting thrown out. It shouldn’t take too long to get all of this done if you work through it in an efficient manner. Make sure that you are only taking the things that you need, hold sentimental value, will help the transition or are needed for work. Finding Somewhere To Live You need to find somewhere to live in the new country you are going to. You can’t just go out there and stay in a hotel until you find somewhere as this is going to be super expensive. Instead, get ahead and find somewhere that you like before you even start packing. Once you figure out how much you can afford, you will be able to find somewhere that fits your budget nicely. Just make sure that when you are finding somewhere to live, it is close enough to the location of the business office you are going to be working at. Long commutes are not something you want, especially in a place you won’t know that well yet. Being Sure Of Your Job Finally, before you go, you need to be sure of the job that you have. You don’t want to move across the world only to find that you don’t actually like the job on offer. Or, that you do like the job but you don’t like the place. Companies like Origin Legal offer opportunities in places like Dubai, so if this is somewhere you would like make sure you look into this and others similar to this. We hope that you have found this article helpful, and now see some of the things that you are going to need to do in order to get ready to move across the world for your career. We wish you the very best of luck, and hope that you are happy when you arrive at your new home. |
Author - Chris
Author, Editor, Creator of Learn Develop Live Archives
November 2022
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