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Is Debt Keeping You From Your Dream Job?

Your personal finances and career are linked in more ways than you may realize. Career success begins with good financial health. Being worried about finances can impact your long-term career plans. There are two primary reasons for this:


1) Stress equals poor Work Performance - According to SHRM, 84% of HR leaders said that personal financial issues negatively impacted work performance. Many people cannot focus well on their day-to-day work activities because they are emotionally stressed about money. This additional stress impacts their productivity in subtle ways throughout the day and drains the energy they should be savings for their clients and colleagues.


2) Short-term focus impacts Career Outlook - Not only does emotional stress impact your thinking, but poor financial health can limit thinking about the future. When you're living paycheck to paycheck, or worried about the next raise, its hard to plan for the future. Its also hard to consider changing careers or taking a pay cut to get the job you really want.


What you can do about it

Consider changing your standard of living. Cuts costs and learn to live on less. This will give you some breathing room to think about what you want to do long-term. Talk to a financial coach about planning long-term and tell them your goals. When you create a plan, you'll immediately start feeling better. As part of that financial plan, you will plan out your career goals. It may involve staying where you are until you have the space to consider a lateral move, or a step back to get into the career you really want.


Final thought

Finding your passion will ultimately lead to higher degrees of financial success. If you do what you love, the money will come.


Financial tip: Live below your means, and don't get distracted by what others are doing. As my father wisely put it, "outward appearances never tell the true story when it comes to someone's finances". Follow your internal compass.

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