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Any suggestions for a midlife career change? |
Hello - I'm 41, married two kids (boys 15 and 12). My wife is an underpaid public school teacher and I'm a Pharmaceutical Company Marketing Director. She makes very little money - I make a fair amount (though living in NJ it doesn't go that far!). One way to get a change of perspective and still build on skills you already have is to work in the pharmaceutical industry from the agency side - think of all the vendors you are using now and what they do - advertising, medical education, etc. Any of those appeal to you? Hello - I'm in that same age bracket as you but single with no kids (that I know of ...). I was working a full-time and a part-time job and neither position was totally fulfilling. What I wanted to do was write professionally (took some related training in this a few years ago and have only dabbled in freelance writing ever since, but I have been published numerous times). I am of the same age range with children of the same ages. I don't know anything about your career field but I do understand the midlife crisis. You could say I can speak of it from two points of view, mine and my husbands. My husband recently wound down his thriving Marketing business to a bare trickle in an effort to be a writer. This was a very scary thing to do and it was not easy to decide. We felt the risks were great but in the end your health and family happiness has to come first. Despite producing 3 books over the past few years and continuing to run his power earning business (at a severly lower level of production )we were not making enough money to survive. We both knew we could not carry on. We decided to sell our beautiful home and clear the debts. This was hard as it was a heritage home which we had lovingly renovated and restored. It was like our baby and giving it up was gut wrenching. However, just doing this step brought huge relief to us both and has given us time to get clarity before making the next step. This worked because we had enough equity in our home and property values had gone up hugely since we bought some 12 years back. You might be able to consider that option too if you are in a similar position. Now that the debt is gone (we don't really miss our house by the way) we still have the problem of producing enough money to carry on daily. We haven't solved this yet but I can say that it helps to think in terms of big picture strokes. For example consider where you will be at the end of this year and in 5 years instead of at the end of next month. You may need to loose a little before you can refocus and move forward in your new direction. Thats ok so long as you have foreseen it and have put plans in place to allow for this. We always have a fall back. In our case if it all falls apart we will once again sell our home but this time we will down size. We think we have bought well and might even profit if we have to do that step, which will be a bonus. |
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