Restarting a career in New Zealand at 50 is possible with self-assessment, skill development, networking, entry-level positions, financial planning, resilience, and self-care. Leveraging transferable skills and staying adaptable are key to success.
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“Well paid with debt-free house. I made two bad moves in 2017, down a large chunk of cash paying off and improving my home & nice car for my wife. That was probably the investment or two property stage missed…. Now, my wife has left me, and I’m really old with poor transferable skills when & if work ends. The house will be sold, and I might end up with 1.2-5, maybe. What’s an average paying job a 50-year-old can restart if they want to reinvent themselves? No real qualifications.”
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I’m not familiar with the specific job market and opportunities in New Zealand, but I can offer some general advice on how a 50-year-old can restart their career with limited qualifications and find a job that won’t be overly physically demanding or stressful:
Self-Assessment and Skill Development: Begin by conducting a thorough self-assessment. Reflect on your interests, passions, and the skills you’ve developed over the years. Even if you lack formal qualifications, you likely have transferable skills acquired through previous experiences. Identify your strengths and areas where you want to grow. To make yourself more competitive in your desired field, consider enrolling in vocational training programs or taking online courses. These educational opportunities can equip you with the skills necessary for your chosen career path. It’s always possible to learn and adapt.
Networking and Entry-Level Opportunities: Networking can be a valuable resource in your career transition. Reach out to your existing network, including friends, family, and former colleagues, for job leads and advice. Be open to starting at entry-level positions in your chosen field, even if the initial pay is lower than you’re accustomed to. Emphasise your transferable skills on your resume and in interviews. Highlight qualities like adaptability, problem-solving, and communication, which are highly sought-after in many roles. Starting at the entry-level is often a stepping stone to gaining valuable experience and eventually moving up in your new career.
Flexibility and Financial Planning: As you navigate this transition, consider roles that offer flexibility, such as part-time or remote work. These options can provide a better work-life balance and reduce the stress associated with career change. Given the potential proceeds from the sale of your house, it’s crucial to manage your finances wisely. Create a budget that accounts for your current financial situation and plans for the future. Financial planning can help ensure your stability during this transition, especially if you anticipate a shift in income.
Resilience and Self-Care: Career change can be a challenging process, but it’s essential to remain resilient and persistent. Job searching may take time, and it’s expected to encounter setbacks along the way. It’s critical to maintain a positive mindset and keep learning and improving. Prioritise your health and well-being during this transition. Proper self-care is necessary for dealing with stress and maintaining your overall well-being. Staying physically and mentally healthy will help you navigate the challenges of reinventing yourself professionally and increase your chances of finding a new, satisfying career path.
Hope this helps.
Regards, Clive Fernandes (Financial Adviser)
Director – National Capital
Disclosure: I am the director of National Capital, a KiwiSaver advice firm. The views expressed in this article are the views of the author. The information provided is of a general nature and is not intended to be personalised financial advice. You may seek appropriate financial advice from a Financial Adviser to suit your individual circumstances or contact National Capital.
