Careers: Money vs. happiness?

[indysteel]

I'm not a career change expert, but a few questions come to mind: Have you considered a job change within your field? For instance, I serve on a board with a man who went from being the VP of marketing for a regional bank to working for a company that manufactures mammographers (if that's the right word) and related equipment. He's thrilled with the change. So, is it your field that is bothering you or just your current job?

How does her DH feel about the possible change? How stable is his job? What sacrifices would you have to make? How would it change your long term financial goals? What about insurance and other benefits?

What job in the fitness industry do you have in mind? How sure are you that you would actually enjoy the job(s) you have in mind? Sometimes what we enjoy as a hobby doesn't necessarily translate into the perfect job.

What kind of longevity would the job(s) you have in mind? Is there room for advancement and new challenges? Could you potentially combine your marketing background with the fitness industry?

I certainly don't believe that money buys happiness, but by the same token, financial worries can lead to unhappiness, too. If you can strike a decent balance, then go for it.

[Drtgirl]

Indy- I was a customer relations manager for 5 years, walked into the office one day and quit. I was so fed up. My boss freaked out and promoted me to marketing manager, basically so he could keep me around. Well, it sounded great but I do not have a marketing background and now I'm totally floundering. Design an ad campaign in two weeks? Uh....I don't even know where to start.

It's turned into a total disaster. I could never get a marketing job anywere else simply because I don't have any experience or knowledge. I've been looking around, but I'd have to step back to a marketing coordinator position and take a major pay cut anyway.

You did raise some good questions though. My husband has a very stable job, and due to his industry he'd have a new job if anything happened. He's lucky that he loves his career. It's a tough choice...all I know is that I can't cry every day after work

[emily_in_nc]

Drtgirl, I think that given your situation (DH has stable, good paying job), you should follow your gut. So many folks are unable to do that due to financial considerations, but if you can, then do it. It's not worth being depressed and anxious and miserable every day. Sounds like your new position is a horrible fit (and shame on your boss for putting you in a position you really weren't qualified for!) I would be outta there just as fast as I could find something else!

Best of luck and please keep us posted. BTW, this advice is coming from an almost 50 year old who wished she'd changed professions or at least industries at your age. It's all too easy to get stuck in a rut (especially when you're well paid) and stay in a field for decades that you were really never too excited about to begin with. Believe me, I've been there.

[ny biker]

Happiness.

Been there, done that. I have two degrees in marketing. For a while I had a job I liked, but the next job was horrible, miserable, soul-sucking. So I took some classes and switched to software development, which I like much better. It was difficult financially at first, but that's partially because I was unemployed while I was taking the classes. My first job in software development involved a big pay cut vs. the marketing career, but I got by. Now I'm not rich but I don't get chest pains every day anymore, either.

[shootingstar]

Important thing is to have a financial cushion to fall back if and when one makes a career switch which will result in some time unemployment or if the career switch resulted some major unforseen hiccups/disappointments.

It's wierd where I'm at....an organization where there are/continue to be some significant waves of retirements...and many are career civil servants / government bureaucrats for quarter of a century where some can afford to take early retirement. And many around my age. Latter is why it feels wierd.

Happiness...it's relative. I just like to earn some money on a regular basis, plus apply my brain and ideas abit. At this point, my "happiness" expectations and desires are different than 20 years ago. Also I do look for a job's benefits in addition to salary. 20 years ago I never paid attention to vacation amounts, other employment benefits, etc. After all, not being with the same employer, for quarter of a century, a person starts to see the differences in compensation benefits among different jobs and employers.

Now I also get home by 5:00 pm since I start work earlier (7:30 am), plus get every 3rd Friday off. It's a form of compressed work week. It's helpful.
Contrast to one of my previous jobs where I started work at 7:30 am but couldn't get home until close to 8:00 pm because of a convoluted, long work commute. No 3rd Friday off. This type of situation threw my eating habits in minor chaos since I was eating supper too late too often. Unhealthy.

Some money is necessary regularily for simply have a roof, food, assurance of medical care, etc. It lessens some constant stress.

[Becky]

Happiness, definitely.

I started my career in the private sector and it was clear pretty early on that I wasn't happy there. I liked my actual responsibilities well enough, but my quality of life was horrible. I found something in the public sector, took a pay cut, and now work fewer hours on a more flexible schedule with better benefits. For me, it's been worth it.

Indy's soul-searching questions are good ones. If, after exploring them and considering the financial implications, you still want to do this, I say go for it!

[indysteel]

Happiness, definitely.

I started my career in the private sector and it was clear pretty early on that I wasn't happy there. I liked my actual responsibilities well enough, but my quality of life was horrible. I found something in the public sector, took a pay cut, and now work fewer hours on a more flexible schedule with better benefits. For me, it's been worth it.

Indy's soul-searching questions are good ones. If, after exploring them and considering the financial implications, you still want to do this, I say go for it!

I more or less did the same thing. Fortunately, as at attorney, going into federal government work didn't mean that I went from a well paying job to a poor paying job. At the time, it wasn't a huge pay cut. If I'd stuck with private practice, I'd likely be making a lot more than I am now, but I certainly don't miss that money.

Having been in a job that made me cry every day, I am a big advocate for getting out if you can. Knowing when to run saved my life I think. I also think there are ways to soften the blow, so that's what I'd encourage the OP to do. In almost every profession, there are ways to make yourself more marketable and worth a higher salary (in relative terms).

[Crankin]

When I was 32, I hated my job (teaching). I dreamed of being able to quit and do something in the fitness field. I couldn't afford to that at that time in my life, so I became a group fitness instructor and put all of my energies into that, while still teaching. I still did a god job at work, I was just bored, had 2 little kids, and felt trapped. Then I got involved with a career ladder program (merit pay) where I took on additional professional responsibilities, in more of a mentoring role. So, in addition to more $, I had some different focus to my work. Then I moved across the country. I was lucky enough to get a job in a recession, but I had to work in a horrible place for 2 years... I was ready to quit and sweep the streets it was so awful. I took a part time job in a good school district when i went on the interview and I just knew it was right. It was a financial sacrifice, but the extra time at home was good for ds #2 who was having issues. They quickly found me a full time job the next year. I thought I would stay there until I retired until some political stuff happened and I applied another place on a whim. Most school districts don't hire people with 22 years experience, because of the amount they have to pay, but this place did and I never regretted it. First 2 years were tough, but after that, it was definitely the best job in my life. I took a small cut to go there, which I made up in a couple of years.
I finally was able to quit "and do what I want" in 2007. I am definitely in the happiness more than money mode now, since DH makes a very good living, but, up until about 5 years ago, we needed my good salary to pay for college and live the way we want to. I will never get rich in my new field. I had to find other ways to get the happiness factor at times, which always involved exercise. My advice about going into a fitness related field is that even if you don't care about the low pay, there is the factor of how you are treated working in that field. Health clubs are not always the most professional environment; I worked in various places for 10 years and it amazed me how it differed from the professional environment. Unless you are going to become a PT or exercise physiologist, I felt I was always seen as "the help."