Is Making a Million Enough?: People Think Money Isn’t Everything – or is it?

Updated: May 27, 2020

In the debut issue of CDA Insights (January/2013), the focus was on “Making a Million.” An insightful debate could ensue as to whether this is a realistic goal, a life’s purpose, or a millennial’s dream. Regardless, a career services practitioner should always strive to stay current financially and economically, as labor market data is one of the competencies we profess to uphold. ~ Melanie Reinersman, editor@careerdevelopmentalliance.com

Photo by Sharon McCutcheon on Unsplash

FOCUS ON: Choosing a Million Dollars over Love

Who would choose to earn a million dollars a year for the rest of their lives or choose true love that lasts a lifetime? Money Magazine and Survey Monkey found the answer (and its not surprising). The bigger survey result is the number of respondents who reported feeling anxious about money. How anxious about the future, financially, are your clients? Just ask them if they would choose love or money.

ENCORE CAREERS: Retiring on a Million Dollars

The financial aspect of retirement planning may occur while talking with a counselor about encore career options. Sharing the facts about living on a million dollars as a retiree is part of smart budgeting. Take a look at the good, the bad, and the bottom line in this personal finance article.

JOB SEARCHING: Paying More to Fill Millions of Open Positions

Are salaries rising as expected? Can unemployed workers find employers who will give them a chance? Will training be offered so people can get to work and earn more? Sadly, the answer to all these questions seems to be no. Read more in the Washington Post.

FOR PRACTITIONERS: Helping Senior Executives Avoid Mistakes

Will your C-level clients blow the interview because they approached it like a “buyer” instead of a “seller? Or will they act out a networking goal by simply picking up the telephone rather than establishing a relationship? These and other career development mistakes will hurt senior executives’ chances of continuing to earn those higher salaries. Recovering from these mistakes is possible, if a practitioner helps the client learn to successfully navigate the job search. Read details from Forbes.

TOP TEN: Million Dollar Career Paths

It may come as no surprise that being a doctor or lawyer can help you become a millionaire. There are eight other careers on this list that may surprise you (hint: Robert Downey Jr is one). Hopefully, the other requirements for becoming a millionaire (such as saving early) will not be a surprise. Read all ten from Workopolis.