Plus: side hustles, career switches and why you shouldn’t start day trading
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This week’s newsletter is all about career changes and transitions, and no, don’t launch a career as an at-home day trader in the wake of the tantalizing GameStop stock drama. Only 1% of investors who attempt to time the market do so successfully, as Casey Bond reports, and it’s best for the rest of us to focus on boring old long-term investing goals. What’s not boring? Quitting your job. The trick is knowing when, and we’ve got a roundup of clues below.
Janie |
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How do you know when it’s time to quit your current job and move on to the next best thing? Often people get gut feelings that lead them toward the door long before they actually acknowledge they want to move on. From realizing you’re undervalued to identifying numbing behaviors and the physical manifestations of burnout, here are the most common signs you’re reaching the quitting point: |
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If you’re dreaming of taking your side hustle to a full-time main gig, know that it probably won’t be an easy journey. Reporter Casey Bond shares the stories of two women who were able to transform their extra-money-making jobs into full-fledged careers: Dasha Kennedy, who runs her own financial coaching business, and Kat Tretina, who quit a day job in PR to launch a career as a freelance writer. The tips the two women offer can help make the transition process much smoother. |
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So, what if the career change you want to make is into an entirely different field? Some 63% of workers who lost jobs because of COVID-19 have changed industries entirely, according to one survey. Although it’s never too late to launch a new career, landing the transition can be easier with preparation and research. Senior reporter Monica Torres spoke to career experts who laid out how to successfully pull off a dramatic career switch during COVID-19. |
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Want More Practical Magic? |
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The phrase is all over social media, on T-shirts and tote bags. Here’s what it looks like to back up affirmations with action.
Read our profiles of Black women activists, artists and organizers in our series. |
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