smart spending

How to launch a second career

Make a plan
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If you have time to make a transition, take that time to make a plan. When Todd M. Schoenberger resigned from his executive position with a Fortune 200 financial services firm to become a writer, he didn't just jump in.

"It's imperative to create an exit strategy with the company you are with," Schoenberger says. "Also, think about the personal aspect to it. If you have a spouse, you need to think about how this change pertains to them. If you don't, transitioning to a new role will provide unnecessary hurdles that will make success more challenging. But the plan is critical for success."

A 12-month transition period while you keep your day job is ideal. "The time gives you a chance to analyze everything."


 

 

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