Building a Career Portfolio, Career Investments for Lifetime, Begin with a Personal Purpose
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Career Investments for Lifetime
- After working for years it may happen that the company no longer require the same working skills an employee possesses.
- Results in job loss to corporate downsizing.
- How one can mitigate career risk:
- The pitfalls of marketplace change
- Economic turndowns
- Downsizing
- Personal health and life changes
- Distasteful company politics and policies can also create havoc with one՚s life?
- Building a Career Portfolio:
- A career risk management approach.
- Similar to building a financial portfolio.
- Help develop specific career assets, or “investments.”
- Offers a well-balanced opportunity for one to earn, learn, and help others throughout the rest of your life.
- One can diversify risk so as to have a number of career options on tap.
Begin with a Personal Purpose
- Developing personal purpose.
- One՚s personal purpose is his/her investment strategy that guides all of the career decisions.
- Trying to answer the following questions:
- How would you like to be remembered 100 years from now?
- What he/she is passionate about?
- At least two projects where a difference in recent years are (list them) :
- Thinking about the bigger picture and writing down the purpose of life.
- Revising one՚s personal purpose statement as needed.
- Help in deciding what types of opportunities are worth pursuing.
- One become purposeful rather than just “busy.”
Developing a Career Portfolio
- Time to assess the kinds of career assets.
- Building optimal career wealth over time becomes possible with two or more career assets working in one՚s life.
- Majority of the financial income is earned:
- Primary Income Investment with job, or business that one own.
- Secondary Income Investment which includes an optional, alternate source of income that allows one to gain additional knowledge, career options, income, and sense of purpose.
- Choosing to develop a business or occasional side project can start out small, and grow the business over time.
- Volunteer Investment:
- Finding one or more ways to reach out to a community.
- In a way that is meaningful to oneself.
- Volunteerism supports personal purpose,
- Gaining new skills and meet valuable new contacts.
- Lifelong Learning Investment:
- Includes mentorship.
- Focused reading and education.
- Factors contributing in decision making:
- Once overall life goals.
- Available time.
- The ability to balance work and family.
- Stage of your life all should factor into your decision-making.
A Career Portfolio in Phoenix
- To excel at his/her career while supporting his/her family.
- Purpose should include a strong charitable and spiritual life.
- To add perspective and balance.
- Primary Income Investments include:
- Litigation practice.
- Focuses on complex litigation, business torts, breach of contract and condemnation matters.
- Opportunity to learn leadership skills.
- Providing value to the organization.
- Learning more about the community skills.
- Additional Volunteer Investments:
- Supporting cancer and heart research and development.
- Integrating volunteer service with family life.
Conclusion
- Career investments add valuable perspective to one՚s career.
- Brings opportunities to learn and build lasting friendships.
- Review of career investments periodically helps to ensure balance.
- One will be far more flexible and confident to face future career changes with two or more Career Portfolio Assets in Place.