Do you have a job or a career?

Working a job you don’t particularly like? It may be time to focus on building a career.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

One of the most powerful things I have ever read was an email that landed in my inbox a few years ago, written by a financial guru named Mark Ford. The email looked at the differences between a ‘job’ and a ‘career’.

Job vs career

Ford explained that most people have jobs. They go to work each morning, perform their duties, come home exhausted and look forward to weekends and holidays. Many don’t particularly enjoy their jobs, but they work to make ends meet. 40 years pass and then they retire. Life has been half miserable. Doesn’t sound great, does it?

Yet Ford’s advice was that that life doesn’t have to be this way. By ditching your job early on, and replacing it with a career, you could save yourself a lot of misery. Here’s a look at the differences between the two:

You work a job to make money. In contrast, you work a career to build something that you value and that others can appreciate or use. With a job, you’re always thinking about the time you won’t be working. With a career, you’re always be thinking about the career, even when you’re not working, because it’s important to you. Working a job feels like a waste of time. Working a career is a rewarding experience because it’s something you care about.

The ultimate test for determining whether you have a job or a career is to ask yourself whether you would do it for free, if you could afford to?

Build your own career

Ford’s email hit me over the head like a tonne of bricks. It was a wake-up call. I printed it out, took it home, and re-read it multiple times. And shortly after, I made some big life changes. I left a job that was going nowhere, and began building my own career. And I haven’t looked back.

Now, I realise that many people don’t have the flexibility to simply quit their jobs. Kids, mortgage payments, and expenses add complications and can keep people locked in their jobs, waiting for their next pay cheque to arrive.

However, there is a financial strategy that could put you on the path to more financial flexibility and potentially help you ditch your job, and spend your time doing something more rewarding. It’s called financial independence.

Financial independence 

The goal of financial independence is to build up enough wealth to live off, so that you no longer need to work actively to generate an income. By building up a portfolio of assets that generate passive income, you could potentially quit your job and do something you care about. You could say goodbye to the early commute and the 9-to-5, and instead, spend your time building something of value.

If you’d like to know more about financial independence and how it could help you ditch your job and build a rewarding career, take a look at the free report below. Life’s too short to spend it working a job you don’t enjoy.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Investing Articles

Investing Articles

1 FTSE dividend stock I’d put 100% of my money into for passive income!

If I could invest in just one stock to generate a regular passive income stream, I'd choose this FTSE 100…

Read more »

Young mixed-race woman jumping for joy in a park with confetti falling around her
Investing Articles

Forecasts are down, but I see a bright future for FTSE 100 dividend stocks

Cash forecasts for UK dividend stocks are falling... time to panic! Actually, no. I reckon the future has never looked…

Read more »

Young female analyst working at her desk in the office
Investing Articles

Down 13% in April, AIM stock YouGov now looks like a top-notch bargain

YouGov is an AIM stock that has fallen into potential bargain territory. Its vast quantity of data sets it up…

Read more »

Young Asian man drinking coffee at home and looking at his phone
Investing Articles

Beating the S&P 500? I’d buy this FTSE 250 stock for my Stocks and Shares ISA

Beating the S&P 500's tricky, but Paul Summers is optimistic on this FTSE 250 stock's ability to deliver based on…

Read more »

Passive and Active: text from letters of the wooden alphabet on a green chalk board
Investing Articles

2 spectacular passive income stocks I’d feel confident going all in on

While it's true that diversification is key when it comes to safe and reliable investing, these two passive income stocks…

Read more »

Investing Articles

The easyJet share price is taking off. I think it could soar!

The easyJet share price is having a very good day. Paul Summers takes a look at the latest trading update…

Read more »

Young mixed-race woman jumping for joy in a park with confetti falling around her
Investing Articles

9 stocks that Fools have been buying!

Our Foolish freelancers are putting their money where their mouths are and buying these stocks in recent weeks.

Read more »

Three signposts pointing in different directions, with 'Buy' 'Sell' and 'Hold' on
Investing Articles

As the Rentokil share price dips on Q1 news, I ask if it’s time to buy

The Rentokil Initial share price has disappointed investors in the past 12 months. Could this be the year we get…

Read more »