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Why It's A Smarter Decision To Consider A Career In Accounting

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If you’ve got a mind for numbers and problem solving, you shouldn’t have to wonder too hard about your career. In fact, there’s one lined up that is perfect for those skills, provided you’re ready to cultivate them. We’re talking about becoming an accountant. Becoming someone who has all his financial knowledge. Putting it together with those logical skills who can help others make better choices with their money. If you’re wondering why we’re so adamant that accounting might be the career path for you, keep reading. Hopefully we can help you realize some of the awesome benefits that could be waiting for you.


Lots of demand
The first thing that needs to be obviously mentioned is just how much demand there is for people who are well versed in accounting. Providing you have the knowledge and the qualifications like accounting degrees and certifications. Most business owners who grow to a certain point will eventually get out of their depth in terms of what they can handle, financially. It’s a vital point of keeping a business healthy, so they will outsource. Advertising those skills is often all you need.

Being able to spot your own opportunities
One of the non-career oriented pluses is what other kinds of benefits that knowledge can bring. Put your mathematical skills to good use with the experience of accounting and apply it to your own finances. Be able to recognize whether or not property investment is really such a good deal. Where you can spot potential deductions on your taxes. As well as all kinds of other financial benefits.

You can be your own boss
There’s a lot of potential to work directly within a company, being the financial mind they need. But there’s also a lot of potential to start up your own business. Accountants are in the cozy position of being in a seller’s market. Most of them are able to do well by having businesses come to them, not the other way around. If you be your own boss, it means you have all kinds of control over your work, too.

A stable job
With that demand for accountants also comes a certain stability. Not that you’re always going to be employed by the same people. There are some that you definitely won’t want to keep a working relationship with. But if you prove yourself helpful, you can find those clients who will want to keep you on for as long as they can. Every business owner learns that accountants are best kept as long-term advisors after all.

Diversity in progression
It’s not all down to offering consultation to business owners, however. The kind of knowledge you gain as an accountant can be put to use in a whole variety of different career paths worth looking at. Tax accountants can help just about anyone if you want a more diverse client base. If you enjoy investigating and righting wrongs, becoming an auditor could be the path for you. You won’t be limited just by learning all about accounting.


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Do diagonal job moves grow income?

Sometimes it's necessary to take that diagonal job move in order to move up the career ladder. But is it always a good thing?

What do you mean by diagonal job move?

I define a diagonal job move as one that results in the person moving to a different employer in a similar industry but at a higher level.

The obvious benefits of taking a job higher up but in another Company is the obvious prestige and status benefits and the likely increase in salary that comes with having more responsibility. 

A higher salary can always be tempting and there will be those people who will always chase down progressively higher incomes. But it isn't always about the money - at least not in the short term. What these job hopping people miss are three things: commitment, stability and education.

Longevity

Rather than jumping from job to job there are befits to committing to one employer for the long run. Companies often provide long service awards such as bonuses, a holiday or additional pension contributions. Additionally and more regularly Companies offer their long standing employees additional holiday allowance, something that the individual who job hops cannot hope to obtain.

Stability 

Committing as a loyalist to a Company can provide stability, not only to you but to your family as well. It's far more pleasant going to an office each day where you know people and perhaps even befriended a few. It must be harder socially for those employees who are regularly new to the work environment. By knowing your colleagues better you build rapport, meaning that you get along with them better. The end result being that you are happier at work and so come home happy - good for your family!!!

Education 

Finally, staying at one place long term mean that you can take the time to train and to learn. By understanding what the Company offers you can take a longer term approach to your learning and structure it to suit your own needs. 

Research has demonstrated that those who have more training, experience and are better qualified earn more in the long run regardless of the fact that they likely took a short term salary sacrifice to do the learning. 

Conclusions of job moves

There are times when a job move might be necessary - your current job has become stale and you don't see any prospects. However, if you're thinking of moving for the money (and the money along) then perhaps you should reconsider what the benefits of staying in your current job longer term might be.

Do you like what you've read? Tell your friends by sharing it with one of the buttons below. Please post this to Facebook or Tweet it to help your friends and family. Feel free to send me an email (mrmoneybanks@multimillionaireroad.com), find me on twitter @millionairer0ad or comment. Whether good or bad, I want to hear from you all.

Disclaimer

Information on this site is not appropriate for the purposes of making a decision for carrying out a transaction or trade nor does it provide any form of advice (investment, tax or legal) amounting to investment advice, or make any recommendations regarding particular financial instruments, investments, or products.
Always seek advice of a competent financial advisor with any questions you may have regarding a financial matter