Put Your Money Where Your Dream Is

by Annemarie Segaric

You say you want a new career. You say you want to start your own business. You say you’d love to be a freelance writer and travel more. But are you taking real steps to invest in your dream?

Most people who’ve made a career change didn’t have lots of money from which to draw. They simply made the choice to find the money they needed to make the change they always dreamed of making.

To see if you’re willing to do what it takes to lay the financial groundwork for your dream, follow these three steps:

1. Ask yourself the following… “Am I willing to invest what I have in my dream job? Am I willing to change how I currently spend money so that I can have more of it to put toward my transition?” If you answered “no” to these, you may not be ready to move ahead with a career change. Give yourself a break and focus on something else that you feel more ready for at this point. If you answered “yes” to these questions, read on.

2. Write down all of your expenses. Track every dollar you spend to have a clear picture of where your money is really going each month.

3. Prioritize. Look at each expense and ask yourself, “Would I rather have this or a new career?” See what big and small sacrifices you can make. That salon brand shampoo is nice, but would you rather have it or a new career? The deluxe cable TV package is great, but is it worth more to you than a new career? It’s okay if you choose the shampoo or cable channels right now. Just be honest with yourself. But if launching is your priority, then stop spending money on what you could live without and start putting those funds toward the life you’d REALLY like to have.

Annemarie Segaric is a member of the New York City Incubator, a career-change coach, motivational speaker, and the author of the eBook 107 Tips for Changing Your Career While Still Paying the Bills.