Getting financially ready for a career change, redundancy or sabbatical
Australian Finance Podcast
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Financial Preparedness for Career Change and Sabbaticals
This chapter delves into the financial considerations and planning needed when contemplating a career change, especially focusing on taking a career break for travel. The hosts share personal experiences and stress the significance of saving, budgeting, and organizing finances before embarking on a significant professional transition. They discuss various financial aspects like ongoing expenses, the growing trend of career breaks, planning for non-discretionary costs, and the risks associated with impulsive financial decisions during career changes.
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