Are you looking for a new job? If you are leaving an old job to do so, I would like you to stop and think for a second. I am not saying you need to keep the old position to show employment. What I am saying is do not separate yourself from one source of income until you have another income to take its place.
Does this mean you will be doing some ‘double-duty’ somewhere along the line? Maybe. Yet other things could be worse.
If you strike out on your own to find a job without adequate funding, you may be making a big mistake. If you are forced to go back to a position you did not like to start with, your dreams might be dashed.
How much money should you have? That depends. Calculate everything you are spending right now and add an extra 5% for inflation. Then add in the costs for training, education, and other expenses to learn a new career field. Then calculate the months to actually find a place to hire you. Double it. If you are going to work for yourself, Double it again.
Now you have some real numbers to consider. The best-case scenario is you get hired next week, and the next family vacation is paid for. Worst case, at least you planned for it.
Many dream jobs start off as side-gigs for a reason. We do not do well without adequate funding.
What is your dream job?
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