How Receiving an Inheritance Can Boost Your Job Prospects

The vast majority of unemployed people are desperate to get back in the job market and get their career on track. However, depending on the opportunities and services available in your area, this can be easier said than done.

There are a few things that can really help to kick-start your career, and receiving an inheritance is one of them. According to a recent Gallop poll 8% of current retirees rely on an inheritance for a major portion of their retirement income. So if you’ve recently become a beneficiary in someone’s will, but aren’t ready to retire yet, here are four ways that it can help you to get back into the job market and improve your career prospects.

Taking the strain off your finances

InheritanceThe first and most obvious benefit is that, depending on the amount that you receive, it can really take the strain off of your finances, allowing you to breathe a little easier.

Removing the day-to-day emphasis on income should help you to see the bigger picture, put your finances in order and make yourself ready for employment.

Opening up new career options

Inheritance can come in a lot of different forms, and sometimes this can mean you’re exposed to new career options.

For example, if you inherit part of a business, you can step straight into a role in that company. Alternatively, if you’ve inherited a property you could renovate it, and then rent it out or sell it on. This can give you a leg up on to the property ladder and a potential new career in property development.

Learning new skills

If you were fed up with your previous career, receiving an inheritance can give you the opportunity to retrain and begin a job in your dream field.

Enrol in a course, take up an apprenticeship or teach yourself the skills that you’ll need to begin a fulfilling and satisfying new career path.

Making the most of the gift you’ve received

Apart from the material gain you can experience through receiving an inheritance, there are other, emotional reasons for using the opportunity to boost your job prospects and get your life heading in the right direction.

One of the most important of these is to make the most of the gift left to you by a loved one. The last thing that you’ll want to do is throw the opportunity away, so use it wisely, and it could change the rest of your life forever.

If you have received an inheritance and aren’t sure what to do next, Co-op probate services can give you help and advice to guide you through the procedures as efficiently as possible so you can really start living your life.

 See Also:

Recommended by Amazon:

 

Image courtesy of Grant Cochrane / FreeDigitalPhotos.net

Today’s Headlines

4 Ways Workers’ Comp Can Impact Your Personal Finances

Getting injured on the job can have some serious implications for your career, personal life, and finances. For severe injuries, you may struggle with the … [Read More...]

Should You Make a Career Change into Tech?

Even though there is someone who has made a fortune in almost any industry, not every line of work offers the same prospects for potential advancement, growth … [Read More...]

Comparing Bureau of Labor Statistics Unemployment Numbers to an Independent Source

The Bureau of Labor Statistics (BLS) and the Gallup Survey people both generate numbers to help us understand the employment/unemployment situation. … [Read More...]

6 Things to Consider When Your Business Expands

When you are considering expanding your business – that is always a cause to celebrate. Sales might be doing well and you decide you need to find a bigger space … [Read More...]

Unemployment News

BLS Monthly Employment Report for April

The US economy added 160,000 "seasonally adjusted" jobs in April, the lowest figure in the last seven months. The adjusted U-3 unemployment rate remained steady at 5%. The Unadjusted U-3 fell to 4.7% while the … [Read More...]

More Posts from this Category

Speak Your Mind

*