Are You Financially Fit To Quit

Have a Plan

Do not leave the profession until you make sure you have a Plan A, B, and C. Whether you want to resign or retire, what do you want to do with the rest of your life? Where does your passion lead you? Will you look for another career? Do you dream of starting a business? People fantasize about traveling the world. Others want to relax. Your plan may depend on your financial fitness.

Next, you will begin to create your plan. You are reflecting and reviewing different aspects of your life. However, now it is time to create a path. Before resigning or retiring, think in terms of three-six months, one year, three years, and five years. Jot down your thoughts and ideas on your worksheet or document.

Lastly, you can use the financially fit worksheet or e-document to create five columns. Label the columns three months, six months, one year, three years, and five years. What can you do to prepare yourself to walk away from the profession? Remember to review all of your financial information and personal and professional areas of your life. This part of the process may take some time to work and resolve. So, do not rush through it! 

What’s Your Decision?

Next, you can use the financially fit worksheet or e-document to create five columns. Label the columns three months, six months, one year, three years, and five years. What can you do to prepare yourself to walk away from the profession? Remember to review all of your financial information and personal and professional areas of your life. This part of the process may take some time to work and resolve. So, do not rush through it! 

It is always a challenge to make a life-altering decision. Leaving the profession is complicated, yet a well thought out plan can make it easier and wiser. Are you financially fit to quit? After following the steps in this post, you are better at answering the question. Remember to seek professional advice from a financial advisor and support from trusted family and friends. Afterward, make the best professional and personal decision for you.

Resources

Five things to Know About Today’s Teaching Force by Madeline Will, Edweek, October 23, 2018

http://blogs.edweek.org/edweek/teacherbeat/2018/10/today_teaching_force_richard_ingersoll.html

Teachers Quit Their Jobs in Record Numbers, ThinkProgress.org, December 2019

https://archive.thinkprogress.org/teachers-quit-their-jobs-in-record-numbers-during-2018-497f2162b3a6/

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