#74 - Career Diversification: What, Why & How to Diversify Your Career & Income
Career specialization has been associated with having a passion for a particular field or industry, and being a great way to create a niche for yourself. But, is that really the smartest career decision? In this episode, co-hosts Lori Vajda and Nola Boea discuss the advantages and disadvantages of pursuing a “career path” versus creating a “career portfolio.” They share 7 avenues for diversifying your career portfolio so you can create multiple streams of income.
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In This Episode You’ll Learn
- The definition of career diversification/career portfolio and how it can financially benefit you.
- Why diversifying your career helps you gain more leverage and become more professionally valuable.
- 7 ways to diversify your experience, knowledge, and skills while still working a traditional career track.
Key points Nola and Lori are sharing in this episode:
(3:41:90) How the ‘Great Resignation’ has led to this new definition of a successful career path.
(7:16:06) The definition of portfolio work and how it applies differently depending on whether you’re career is as a specialist or generalist.
(10:54.58) Three career and income advantages of career diversification.
(11:47.75) The top seven ways to diversify your professional career portfolio so you create multiple income streams.
Resources
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