This week, we're unpacking the murky waters of pay cuts and those awkward conversations where your boss wants you to do the same work for less. It's an increasingly common brutal reality, but you don't have to just roll over and take it.

We explore the different types of pay cuts: those forced upon you (like when you're forced back into the office) and those you choose (like a lateral move for experience). We'll also get real about the sneaky ways pay cuts happen – from slow-burning merit-based cuts to outsourcing key departments and roles.

Tune in for advice on:

• The myth of the "Great Salary Reset": Why pay cuts are not a correction but a reflection of power dynamics
• What to start doing when your job wants less from you, and how to protect yourself from getting played
• The importance of building a backup plan for financial stability when pay cuts are the only option
• The new portfolio career: Learning how to pivot and reinvent yourself in this economy

Links: 

• Episode 150: Avoiding the Confidence Trap | How risk impacts your investments
• Episode 140: Pay Transparency | Does sharing your salary help you earn more? 
• Pay trends amid rising pay transparency
• US salaries are falling, employers say it’s a “resetting” (via BBC)

Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.

Join our email list to get updates from us, opportunities for discounts, freebies and a quick rundown on the relevant financial and career news impacting your life.

Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes

If you would like to learn more about investing, check out our newest class, Making Money Grow