Breaking Free from Financial and Career Stagnation
For many women over 40, life may feel like it’s on pause. You’ve dedicated years to building a career and managing finances, yet here you are - feeling stuck, limited, or even trapped in a cycle that no longer feels fulfilling. If this resonates with you, know that you’re not alone, and it’s entirely possible to move forward with renewed financial and career growth. Sometimes, a few changes in perspective and some small, intentional steps are all it takes to start creating the next chapter of your life with confidence.
1. Recognising the Signs of a Career or Financial Rut
It’s common to experience a sense of “stuckness” especially around midlife. Maybe your career no longer excites you, or you’re consistently living from payday-to-payday without seeing a clear path forward. Recognising these signs - whether it’s a lack of motivation, burnout, or frustration with your financial situation - is the first step to making a positive change. Once you’re aware of the rut, you can begin taking steps to climb out of it.
2. Taking Stock of Your Career Assets and Goals
Now’s the time to look at what you bring to the table - your skills, experience, and unique strengths. Make a list and consider how they can support your future goals. Ask yourself, "What do I want the next stage of my career to look like?" This could be a promotion, a career pivot, or even starting a new business. Try the “Skills and Dreams Inventory” exercise: Write down your key strengths and any dreams you may have put to one side. You might find that the combination of skills and passions opens up paths you hadn’t considered.
3. Exploring New Income Streams
Diversifying your income can add excitement and security. Take some time to think about side income opportunities that fit into your life. Are there freelance options in your field? Is there a hobby you could monetizse, even in a small way? These new streams don’t have to replace your current job; they can complement it, adding both income and a sense of renewed purpose.
4. Setting Small, Realistic Goals
Changing your financial and career path can feel overwhelming, so break it down. Small, consistent actions add up to big results. Try setting weekly goals - whether it’s reaching out to a new contact, updating your resume, or creating a simple budget. When you achieve these small goals, they build momentum and confidence, making the journey forward feel both possible and rewarding.
5. Overcoming Limiting Beliefs
We often have limiting beliefs around age, career transitions, or financial potential that hold us back. Try an exercise like the “Evidence Log” to confront these thoughts. Write down any proof that contradicts your limiting beliefs; for example, a successful project you led or a time you made a wise financial decision. These reminders help challenge the idea that it’s “too late” or that change isn’t possible, grounding you in the reality of your strengths and achievements.
6. Seeking Support and Accountability
As you start on this journey, finding support can be invaluable. Whether it’s through a mentor, a coach, or an accountability group, sometimes a fresh perspective can help you see possibilities you may have overlooked. Reach out to friends or colleagues who can provide encouragement, insights, or connections. I’m in the process of creating an online course to help women who are stuck in a rut which you might find helpful, so watch this space for more details.
Turning a financial and career rut into a period of growth is entirely possible. Remember that it’s never too late to reinvent yourself and create a life that aligns with who you are now. By shifting your mindset, taking small steps, and staying open to new possibilities, you’re well on your way to building a fulfilling, secure, and empowered future. The journey might feel challenging, but the reward - your own peace of mind and confidence - is well worth it.
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