Career Advice - Money Management For a Major Career Crisis

"Norman" is experiencing sticker shock. After years of career success in the business world, he collected a healthy nest egg.

Now, Norman faced with a midlife career crisis. He had just learned his division would be excluded. To make his job, he will have to move to a remote part of the country. Finding a new job meant the fight against age discrimination.

So, Norman thought, why not start an internet marketing business? He began to research and gather information.

Norman first encountered sticker shock when he learned about the world of internet marketing seminars.

"over seven hundred dollars for two days? This is outrageous!" he exclaimed.

When you are facing a career crisis, it is difficult to estimate the price. I love to draw an analogy with getting a flat tire in the middle of the night. You have not bought tires for years and have no idea about what is realistic.

worse, if you feel stranded. You feel you have to make decisions immediately.

And if you feel like the money keeps dripping away. For a career change, the costs add up. Travels. It moves. Resume services. Business Start-up.

But I have a different opinion. I encourage clients to banish words like "cheap" and "expensive" in the dictionary - forever. Instead, I encourage everyone to respond sticker shock with three questions.

(a) How is this price refers to the market?

You may be paying too much. Maybe not.

Before hiring a consultant, attending the seminar, the choice of moving or buying computer equipment, do some research. Find out the going rate.

Sometimes you get the increased value of paying more. Sometimes not. But you should be suspicious of offers that are far below or above the market price method.

by Barbara Ehrenreich, presenting himself as a corporate job hunter, hired a coach to continue that charge by the hour. As it says in her best selling book, Bait and Switch, Ehrenreich Bill grew larger and larger as the coach found more and more ways to continue the "perfect ."

Ehrenreich To check on the market, she would have learned that many consultants continue to charge a flat fee rather than hourly.

(b) Will the value of the payment?

consumption of one thousand U.S. dollars seems like a lot of money ... but not if it is the best way to make two, three or even ten thousand dollars.

But throwing money at a career or business challenge will not work either. You must select the resources that are meaningful to you as an individual. I know a lot of career changers who invest large sums of money into education and training -. Only to realize promised features do not fit their unique profile

Normans in the seminar was really good value for comparable prices seminars at least twice. The seminar will save you months of research time while exploring new business opportunities. He will meet a dozen of experienced, successful entrepreneurs - all potential mentors and role models - in one place. To obtain comparable values​​, he would travel across the country and rely on phone and e-mail links.

(c) Are you throwing money at the crisis as the coins in the fountain?

Most clients lose money trying to move too fast - do not pay for coaches, consultants, and seminars. They do not invest time in researching options.

And let's face it: If you are not engaged in a career crisis for a long time, you May not know where to start. You're a driver who has never had a flat tire - someone who has misplaced the number of car clubs, and even let the membership lapse because "it will never happen to me ."

A client has spent a considerable amount to her resume "cursed" to thousands of employers. She did not really hurt, because her name is associated with a company that is unreliable most legitimate recruiters in your field.

Another client was reacting to the loss of a job by calling real estate agents to sell your house. "I need a change of scene," he declared, as many calls to moving companies.

Six months later, he felt stranded. Someone suggested that I call. "I thought I would love living here - but I hate it," he said. "I did not even know what questions to ask before I came ."

Bottom Line: "expensive" and "cheap" are a new meaning during a career crisis. Transform faults in the gap, we need to discover new ways to think about money.

Based on the Transformation of dollars for dreams