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Who here's successfully done a middle age career reboot? What do you do before? Now?
I was divorced a few years ago. As a pilot, she made the big money. I was the stay at home parent. Previously, I had owned my own business, which we sold for a pretty good amount... not enough to retire, but enough to be pretty comfortable with lots of flexibility.
While home raising the kidlet (he turns 21 in April), I did some bookkeeping and sold stuff on eBay/Craigslist. Post divorce, I worked a couple of accounting jobs, but found my business degree + bookkeeping experience did not qualify me to be an accountant. Currently, I have two rental properties, both free and clear. At 56.9 years old, I feel like I need to be doing something else. The rentals cover my expenses and then some, so anything I make in addition is going to be added to the retirement fund, car fund, and travel fund. I'd like to get more rentals properties, but find the crazy market a bit challenging, especially here in Phx. Who here has completely changed careers? What did you do, and what do you do? I'm told I'm pretty smart, but feel hampered by a below average memory. Just mentioning that as I think "learn to program" is going to be a common suggestion and I'm not sure it'll work for me! ;) |
I did. I went from aerospace engineer to magazine publisher at age 43. Now I’m retired, approaching 71 yrs old, and MrsWD and I are starting a new company. Long story, too tired to relate it all now.
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I started out as a automotive tech and worked my way up to senior master ASE tech, and then shop foreman, asst mgr, etc. and then got hired by the manufacturer as a technical trainer and field tech rep and gave it all up to become a pilot at age 40 and basically started at the bottom of the food chain all over again and finally made it to the big leagues a few years ago.
If you don't 'need' to work its one thing - being relatively financially secure enough makes a HUGE difference on what you're able to do.. but starting all over from the bottom at an older age is tough. In my case, it worked out but i went through MANY rough years in my mid to late 40s trying to make ends meet. |
Can't offer you much by way of advice on changing careers mid life but I will say that if the rentals are making you money, find something you're passionate about and go after it. If you do something you like and that you're passionate about, you'll be successful AND enjoy doing it! Win Win
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I was a n'er-do-well during my formative years, eventually quit that and trained hard to become a malcontent for most of my professional life; then I woke up one day and realized my life had passed me by and I've pretty much been a layabout for the last four or five years.
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I have had a few career changes, one might think I was on the lamb. I started in technology working in engineering and marketing (20 years)...then to commercial real estate (10 years) and most recently became a teacher (first year) after obtaining a MEd and two teaching credentials.
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Here is what I know: Colonel Saunders started KFC at age 55. I think about that often. I am 55 in a few months.
My Grandfather sold his grocery stores and started as a Farmer's Insurance Agent as well as founded a community bank that today is a pretty big deal in Oregon. Both at age 55ish. I was laid off from a failing Aluminum Extrusion company around 36. I spent some time figuring out what I wanted and started in Commercial Insurance at age 38. I would be more than happy to talk. My career was garbage before that move. I learned a ton and am super passionate about career development - because mine was so very poor. You really do have the cat birds seat. Your "nut" is covered. I would suggest doing what you do best. I have always had people ask me about real estate investing as it has been a side gig for me for years. You seem to have the same. Can you show / sell people how to invest? Can you leverage your two locations and buy a 20 plex? Can you become a part time CFO to small business? The value anyone has is what they can bring to the market. You ran a business. You sold a business. There are thousands of idiots out there that are making things up and have absolutely no idea what to do for the next step. They are happy to pay you to show them. PM me if you want a pep talk. |
At age 50 I left the corp/manufacturing rat race and started a wholesale company. Sold business and retired at 62. A different type of stress.
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25ish years into this gig at a national lab has seen me in four or so careers - all engineering but different enough that you still start at step one, just with a bit of a steeper trajectory.
-Plutonium foundry in grad school and a little after that. I can say that I've actually held a pit! Picking up a jar of metal that's been sitting for years and that's warm, even through the gloves, is cool in an eerie way too. -Designed and fabricated electrical and laser-driven detonators for 10 years. Lots of stats/6-sigma and all of that. These aren't grand-dad's blasting caps, that's for sure - still somewhere between arts-and-crafts and real science though. -A&E Engr and program manager for security and safety enhancements for the stockpile - 5 years or so. Lots of travel to DC and the UK. -Venue and asset-focused vulnerability assessment for Very Bad Things. Way too much travel and a really really heavy topic area (and that's saying something in this business). That one burnt me out even if I did get to play with lots of C-4 and spend time with some surprisingly chill and very specialized members of the military. -And now - sexy CT radiography and metrology. No travel. It's actually kind of interesting and as an "apprentice" I get to WFH, which I sure wasn't doing before and for some reason they still pay me like before so It's All Good. Only 15y until that pension (?) kicks in so I'm not sure what the last two careers will be. Never done much with beryllium or anything with infectious diseases, so maybe that's a place to check off more of the "dangerous things we shouldn't play with" list. On going elsewhere - two engineers with specialized niches stuck with a mortgage in the NM mountains and nowhere else nearby to work pretty much seals the deal. We're here until the end of time... Problem solving is problem solving, whatever the flavor! |
Lee, you've been here a few times before.
At 53 now (how'd that happen?) so far I've been a garde manger (cold food chef) government cost accountant, DoD work then started Modern Dad magazine morphed into FirstTime Dad magazine then custom publishing and marketing with a focus reconciling lead generation against media buy optimizing and CRM lead nurturing then tween girl power fashion company morphed into Traveler Kids, boys clothing and now Tru6 Each of those adventures was a combination of extraordinary circumstances and opportunities with a real passion for the project and wanting to create and build something new and exciting. It's cliche but true, you have to do something you really love to do. I think we've talked about that before. You are smart, clearly, and sensible, and I think that may be part of the issue with not finding something to do. Being prudent and pragmatic may be holding you back from taking the plunge into something new. Of course the flip side of that is those qualities will help you be successful once you find that thing, a bit of a catch 22 perhaps. |
Tech fire fighter primarily.
I solve problems. It used to be (and still is at times) a lot of fun and I've got to play with some great tech. But I'm tired. My time is not my own, someone always has a problem that they've made worse because they asked my advice and then ignored it and it's gotten old. Likely retiring this year but won't quit working. My plan is to get a gig at Lowe's wandering the aisles in an orange vest recommending fans and faucets to milfs and being generally grumpy and dismissive of people who don't know enough to know about what widget to buy. Probably last a month before getting fired for my attitude but it'll probably be a blast while it lasts. |
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Lee, since you are already playing in real estate, have you looked at any smaller places that would do well on AirBNB? There’s a few guys on YouTube showing how to to do it well and make good money. Still flexible like being self employed, but more income than traditional rentals.
Check out the channel Robuilt. |
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I've learned that it is true that the grass is always greener across the fence. It's still filled with dog crap, but at least it's different dog crap. Also amusing is how each journey feeds into the next and that you can take much with you. |
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You'll be gone in a day if you insist on wearing an orange vest at Lowes. |
Right out of highschool went into the steamfitters union briefly. Spent the next 30 yrs as power engineer for NYNEX, Bell Atlantic and then Verizon. Had a home improvement business also. Retired from Verizon in 2014 at 50. Still have my business going. Started a new job part time with the county medical examiners office as an investigator in 2015. Also teach firefighting and technical rescue part time.
Was a huge change of venue going from dealing with electric to dealing with the dead on a regular basis... . |
Work with a plastic surgeon who was a beat cop.
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From 25-35 or so, I was a professional astronomer, working at the big scopes you see on NOVA.
Then, I was a geophysicist in Oil and Gas, from about 35-47. Now, I'm getting my hands dirty fixing and customizing CNC routers and mills and such, and teaching ASE certifications to people in our low income neighborhoods. Also fixing and upgrading private telescopes. Might do some cool art too, might not, don't know yet, I',m not an artist but I'm willing to try. Maybe get better at welding, for sure get better at woodworking. I'm installing security cameras, getting qualified to be a fire alarm installer, and will very likely have my CDL by summer. Each time, I was sitting quietly in my life when a burning ember landed in my lap. My first instinct was to knocking it away before it burned me, but both times I instead grabbed it with both hands and made sure it stayed hot, made sure it hurt a bit, made sure it woke me up. |
I may have experienced a career change. Or two.
I can't be sure. I have no idea what I did my entire life. All's I know is I have 5 grandkids that come running when they see me and they see me almost every other day. |
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Well hell! If we're just talking about career changes through life... started off as a teen doing autobody repair work, went to school for HVAC repair, Spent about 5 years working for a HVAC company, got talked into becoming a Real Estate agent, started my own HVAC company, sold manufactured homes, built garages, now buying and selling used construction equipment.
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Such a fun life it's been and only 1/3 over. |
Lots of changes here: from wilderness naturalist/canoe-guide (in the BWCA), to color photo processing lab owner, to commercial/fine art photographer, to Artist in Residence in Vt. schools, to photojournalist (mostly in Ethiopia), to large format camera designer/builder (I have a patent), to nonprofit food distribution to disadvantaged local (Vt/NH) population, to college-level photo-educator and dean of a small college.
Now? At 66, am concentrating on my large format traditional (nothing digital) film-based fine art photography - creating up to 40x60 black and white prints by hand in my darkroom. Essential diversions include my current rebuild/rehab of a 1987 944NA, and continuing, with my wife…to hike in NH’s White Mountains for as long as we can! |
What do you do? I'd say always keep in mind your customers. They should always be at the front of your mind. You're not creating demand. You're answering it better than anyone else. That is either your reason for doing it, or you're just chasing an idea rather than an opportunity. The two are not the same.
I develop, build, and hold real estate. I added a seasonal outdoor business, which is now dominant in my area. I also became a fuel and convenience store operator that is now quite notable in terms of sales volume. I make it a point to have fun and always have concern for my customers and my crew. In the process I built quite the extended family who buy in to my drive for customer satisfaction. Along the way I cultivated friendships with friendly competitors, and just outlasted my rivals. Retirement is probably a good 30 years or so away so I have time to contemplate how to grow what I've done, or make my next switch to something else. |
I'm a few months shy of 50 and two years into final expense life insurance sales. I only got my license because I very unexpectedly lost my job two years ago with no backup plan, but a little savings in the bank. This has been the best, but hardest job I've ever had. I'll never retire. I make more than I ever have, answer to no one, work when I want and there's never a boring moment out there in the field. Seriously, as long as I'm able-bodied, I plan to keep doing this.
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Lawyer 13 yrs, then various roles in investment industry 22 yrs and counting. I had thought I’d have a third career someday, but I’m enjoying this one too much. When and if I no longer do, I might be ready to retire.
Edit: I’ve also thought about going into politics. I’m very involved at the local citizen activist level, I’m a good speaker and communicator, and I know a lot of people in Portland by now. However, the opportunity cost is high. I also don’t know if the frustrations of trying to do goverment based on facts and logic would be tolerable. And, by current local political standards, I might not be “progressive” enough. |
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rjp |
I've seen your previous posts. Great questions and sounds like you are in good shape. I am a CPA whose license has long ago expired. Roughly speaking I did 20 years in accounting/finance roles in public accounting and then private industry. At roughly 40 I switched careers and became the CFO/COO of a large non profit. Big pay cut but still decent money, much less stress and enjoyed the work more. I've dabbled in real estate along the way starting in the mid 80's, buying, fixing and holding rentals. About a 1 1/2 years ago I switched again and took a part time job as the controller/business manager of a small catholic private school. The trick is at 25+ hours per week they pay 100% of a really nice benefit package. I'm almost 58 and plan to do this until at least 65. I have tons of schedule flexibility, make enough to pay most bills and most importantly really enjoy the people I work with and support. My wife is also part time so this has opened up long travel weekends and visiting our growing pile of grandchildren with our combined 5 children. I have a small 6 unit apartment building. That's not paid off but the house is and we've got a decent retirement portfolio. I didn't need my technical accounting background for this current job. You have the bookkeeping and business experience to do something similar.
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Went from being a Mortgage Lender for 15 years with a full on shop (several years until big crash) to working on the consultant / analyst side of banking and manufacturing- dealing with IT deployments and regulatory affairs- I get all kinds of weird projects- ranging from Pet Food factories to bank 2052a production and compliance, even did a stint with Wells Fargo helping clean up their IT mess right after SHTF. Pre COVID, lots of travel, it's Corporate so it's dealing with a lot of egos bureaucracy.
Not bad but honestly not something I really want to do forever. |
In my early 60s I fell off the corporate ladder ==and could not get back on --tried but methinks my age worked against me --never mind I was fit and all the rest.
Did transportation for special needs kids for three years -- paid poorly and was the most rewarding work I ever did. Lucky for me i had laid in enough for the rainy day. For the last year Ive done the type of job one used to start out with in my business--specing fluid handling systems and trouble shooting. Fun in a way but a little tied to the desk--- work from home. what i am saying --nothing beats preparation if you do it. In May gonna get all thethe way retired -- gotta see the little grandkids more -out West. |
Well LeeH, that is a good question and one I went through in 2016. I spent 25 years in the corporate/manufacturing rat race and watched the culture deteriorate over time. And the higher the ladder I climbed, the bigger the target became on my back. Couple that with the stress of always being connected and trying to manage up the chain, while still successfully managing your team - I got burned out. Long story, but lost a job and was not keen to re-engage, so I tried real estate, first residential then commercial. I do enjoy that, but they have their challenges too.
Fast forward a couple years to summer 2016 and I am talking with a charter pilot friend and he is talking about a colleague that recently left and went to a regional airline. He talked about the (then) pilot shortage and better pay at the regionals (still low, but more palatable than when I first looked in 2000). I thought, hmmm I think I may try to get paid to do what I love to do. Spoke with some pilot friends asking them if I am crazy to do this at my age (52 at the time). One got me hooked up with a senior pilot at the regional I wanted to go to. Within two weeks I interviewed, was hired, and got a class date a month later. I flew for them for only 1 year and 8 months before I got a call from a major airline. Seriously blessed. I am coming up on 3 years flying the Airbus A320 and it was the BEST decision I have ever made. My stress is gone, I am happy and not a grump at home, and can create my schedule (to a degree) to fit my needs. Love my job too and consider it my "retirement" job. Sure it comes with its own set of challenges and undesirable aspects, but they pale in comparison to the life sucking culture of corporate America IMO. Not sure how long I will fly a full schedule - maybe until my early 60s or maybe earlier, then fly a much reduced schedule and enjoy time with family and friends. I am blessed to truly be "living the dream." |
At age 45 I restarted college, finished an AA and got my BAS degree, and went from supporting instructors using technology to full time software development. That was Jan 2019. About to hit "submit" on an application to move me from being a developer to being a Linux admin supporting the developers and the technology stack our work all rides on.
Reboot? No... more like a change in runlevel :) |
I started out doing commercial flooring. Lots of seamless floors in hospitals and big office buildings. One law office had some special carpet that cost $130 per square yard in 1989. Moved from that and have been in IT for 29 years and only a few jobs in IT.
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Printing industry from 18 to 45 years old. Technical, then sales, and finally middle management.
I bought a small printing company and have been doing that for the last 13 years. Not making a great deal of money, but I'm my own boss and can take time off to enjoy life. |
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rjp |
My 'reboots' were all in the 80's. Went into college seeking a EE holding amateur and commercial radio licenses (which I got in HS) Thought I would specialize in RF. Was building computers and programming by sophomore year. Finished the EE degree, while making way too much money part-time programming.
I turned down a few software jobs out of college, was going to go it on my own, but went to work part time with my father and brother in construction for what I thought would be a few weeks. Never left construction, and enjoyed it until a few years ago. I'd like to reboot also. |
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