That is a question that I have asked myself over and over for years both in my personal and professional lives. It’s an extremely hard one to answer as well. Many people I suspect worry about this same question. Should I look for a new job? Should we sell our house? Should we have a baby? Should we divorce? The list goes on and on and to be honest I don’t think anyone can ever answer those questions for you. They can tell you what they think they would do, but they don’t really know for sure until they are standing in your shoes. Life is full of these kinds of question that bring huge changes to ours lives. Recently my wife and I have started talking about making some financial steps to improve our income and net worth. Maybe lay the groundwork for some new business ventures. It’s scary to take risks, but I don’t think you can make changes to anything, without taking risks. So, how do you know when it’s time to make a change and take a risk? Like I said earlier, I don’t think anyone can answer that for you but here are a few things I apply to my thought process about making those changes.
Does it make sense? The change you want to make, has to have a good basic reason for it. If you think it’s time to quit your job, you better make sure the new one you're going to is or has more potential. You don’t want to make a major change like that without a good logical reason.
Is it doable? Do or will you have the skill, money, patients…etc. to see this change through? If you have never swung a hammer and have zero aptitude for it, getting into construction because your buddy makes a ton of money doing it, might not be the best option for you.
Is it the right thing to do? Sure, it might be good for you, but is it the right thing? This is a biggie, because let’s face we all tend to focus on what we want sometimes and not what is right. We can all be that five-year-old that wants the $20 toy even though mom and dad don’t have the money.
Is it worth the risk? Sure, it may sound like a good idea to drain your savings and buy some stock they say will explode, but can you live with it, if it doesn’t?
Is it the only way? This may not apply to every change, but it is important for some of the big ones. Is divorce the only route you have left? Have you truly tried to fix things with your spouse? Make sure when you are making those kinds of changes it for sure is the only path you have left to take.
I know these may sound simple enough but try applying them and I think it will help you when contemplating changes in your life. I hope this helps some of you out there. It’s just something that has been on my mind of a while and I thought I would share it. Thanks for reading and check back often for new posts