Author Topic: FINALLY Became a member and Looking for words of wisdom  (Read 2300 times)

Justinjvh

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FINALLY Became a member and Looking for words of wisdom
« on: November 23, 2015, 09:24:33 AM »
Here is the situation. Currently 35 years old with wife (35 as well) with 2 kids ( 6 and 2 year old).  Live in middle America where cost of living is pretty affordable to say the least. Own a great home that we pay $700/month mortgage and have approximately $350,000 in equity ( still owe $115,000 on mortgage.) No other debt besides house. Right now wife and I both work, her in environmental and myself in Outside Sales. She brings in roughly 70k/year, and I bring in 50-60k(recently switched to a new/smaller company hoping new atmosphere would ignite passion in sales)  Savings wise we have :
$70k money market ( emergency fund)
$60k in private investment paying 8%
$140k in taxable brokerage
$470k in retirement accts
$26k in Hsa accounts
Approx $70k in combined child college savings
$20k/year from side business (really can't be expanded-it is what it is)

Here is my question. I have done Outside Sales for the past 12 years (since graduating college) and I find myself now dreading the job. I'm not sure what clicked, but I have noticed a lack of desire starting 2-3 years ago and today have zero interest in this field. It has gotten to the point that I have sought help from therapy and am being told I have mild depression that stems from my career.  All that aside, my wife enjoys her work for the most part and can see my misery in my current profession and is supportive of a career change.  So I really have 2 questions:
1.)  Do I stick my current position out until I can decide what new career path to take.  Financially we could handle this, not sure about how it would look to others(both professionally and socially).  Or find a job that pays and I can tolerate until I have a new career path figured out

2.) Any ideas on a new career path for someone with only  sales experience?

« Last Edit: November 23, 2015, 09:35:53 AM by Justinjvh »

frompa

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Re: FINALLY Became a member and Looking for words of wisdom
« Reply #1 on: November 23, 2015, 10:34:44 AM »
Welcome aboard, Justinjvh! You'll likely get more useful responses if you can say a little more about what you're looking for in a career -- or perhaps say what it is about outside sales that has made you so vehemently turn against your current position.  Ultimately, nobody but you can best define your ideal career (your question strikes me a little bit like asking, "help me choose my favorite food") but the good news is that you are fully equipped to answer this question.  You might try contacting your local community college and see if they have a career guidance service -- I have a friend who, after 30 years of successfully practicing law, simply walked away from it one day.  She used the community college career testing to narrow her choice of next career and has quite happily settled into life as a chef/baker.  But a word of caution:  Those tests aren't written in stone -- her own results predicted that she would be best to steer clear of a career in law.  Ha ha.  Good luck!

FrugalFan

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Re: FINALLY Became a member and Looking for words of wisdom
« Reply #2 on: November 23, 2015, 11:10:02 AM »
Welcome! You are in great shape financially and that leaves you with a lot of options. Could your side business be expanded? Do you have any interests/hobbies that could turn into something profitable? Do you actually need the money? Seems like with what you have saved so far you could get by on one salary. Did you read MMM's posts on 50 jobs that pay over 50 k that you can do without a degree? A lot of interesting ideas there (and in the comments to those posts):

http://www.mrmoneymustache.com/2013/07/25/50-jobs-over-50000-without-a-degree-part-1/

StockBeard

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Re: FINALLY Became a member and Looking for words of wisdom
« Reply #3 on: November 23, 2015, 06:30:58 PM »
Do you actually need the money?
This +1.

With your wife's job + your side income, you bring in 90k a year. You need to check your expenses, but it sounds like you could at least take a 1 year break to reassess your work situation?
I would not advise "toughing it up", since you already had to go to therapy, I assume it means you're already very fed up with the job.