Quitting a lucrative banking job to pursue a new career path can be daunting, but careful preparation can make the transition smoother and more successful. Here are the five key steps I took before making the leap:

#### 1. Build a Creative-Thinking Fund
One of the most critical steps was establishing a financial cushion to support my transition. I created a "creative-thinking fund," which was essentially a savings buffer to cover my expenses while I pursued my new career. This fund gave me the financial stability to explore new opportunities without the immediate pressure of earning a six-figure salary. It also provided the mental space to think creatively and strategically about my next steps.

#### 2. Go Evenings & Weekends First
Before quitting my job, I started working on my new venture during evenings and weekends. This allowed me to test my ideas, develop necessary skills, and build a network without sacrificing my steady income. By gradually shifting my focus, I was able to make informed decisions and refine my business model based on real-world feedback and experience.

#### 3. Reframe 'Taking a Pay Cut'
I needed to change my perspective on income. Instead of viewing the potential reduction in salary as a "pay cut," I reframed it as an investment in my future. This mindset shift helped me see the long-term benefits of pursuing a career aligned with my passions and goals. I focused on the potential for growth, fulfillment, and the possibility of eventually surpassing my previous income by doing something I truly loved.

#### 4. Test Commitment
To ensure I was fully committed to my new path, I tested my dedication by setting specific, measurable goals and deadlines for my side project. I evaluated my progress and motivation over several months. This process helped me confirm that I was genuinely passionate about my new career and willing to put in the necessary work to succeed.

#### 5. Reframe 'I Don't Know If It Will Work'
The fear of failure can be paralyzing, but I learned to reframe uncertainty as an opportunity for growth and learning. Instead of worrying about whether my new venture would work, I embraced the mindset of experimentation. I approached each challenge with curiosity and viewed setbacks as valuable lessons rather than definitive failures. This attitude allowed me to remain flexible, adaptable, and resilient in the face of uncertainty.

By taking these steps, I was able to transition from my high-paying banking job to a more fulfilling career with confidence and clarity. Each step was crucial in preparing me for the challenges ahead and ensuring that I was making a well-considered, strategic move.

TIMESTAMPS:
00:00 Intro
00:34 Build a creative-thinking fund
00:52 Go evenings & weekends first
04:21 Reframe 'taking a pay cut'
05:52 Test commitment
07:26 Reframe 'I don't know if it will work'


🧡 DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.