Beware the burnout factor

I’m alarmed, but not at all surprised, at the number of conversations I’ve had recently with clients looking to make big lifestyle changes because they’re burned out.

I think it’s all to do with Covid.

We’ve had 18 months of being told what to do. For people who have always thrived on making their own decisions, this has caused enormous stress on top of the unpredictability and restrictions of the pandemic. From property investors to solid citizens in longstanding careers, I’ve been hearing about their plans to give up work, take an extended break, or change careers in midlife.

Does this sound like you? You’re not alone.

My first response is that change is not a bad thing. Sometimes we need a push to move on from a role we’ve stopped growing in. But do take a good, hard look at what your burnout-induced change might involve.

Where it gets interesting are the financial implications. In particular, you may find your ability to borrow in the future is affected by the lifestyle choices you make today. By all means, take up that new career as an organic smallholder or yoga teacher, but be conscious that some options may be closed off if you decide to pivot again.

Whatever you choose to do with the next phase of your life, we’re here to support you with your personal finances. Share your thoughts, bounce your ideas off us, and you’ll find we’re 100% supportive of whatever you need to do to restore your mental health and put burnout behind you.