Here’s how you can handle the financial aspects of a career change, including potential salary cuts.

When navigating career changes, be careful to not mix financial and non-financial terms.

With every role you do, there are:

Financial rewards and costs, like your salary, bonuses, and costs to travel.
Non-financial rewards and costs, like wellbeing, satisfaction, connections and experiences.

To make the most of your career, understand the values that separately come from financial and non-financial factors, and then be careful to not mix the two.

For instance, if you’re in a high paying job with low non-financial benefits that isn’t sustainable, understand that you may value the non-financial benefits more, and that this value may exceed the financial benefits you’re currently getting (rather than thinking you must make the same wage or higher to make a change).

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