Life Kit Can I afford to totally change my life?
17 snips
Oct 9, 2023 Jill Schlesinger, a certified financial planner and CBS News business analyst, shares her expertise on navigating significant life changes. She outlines her 'fabulous five' steps for assessing financial readiness, emphasizing the importance of calculating assets and liabilities. Listeners learn about the emotional and practical aspects of career shifts and relocations, and the need for thorough financial evaluations. With a focus on self-reflection and strategic planning, Jill provides actionable advice to make informed decisions that align with personal goals.
AI Snips
Chapters
Books
Transcript
Episode notes
Calculate Your Resources
- Calculate all your resources, including assets like retirement accounts and potential pensions.
- Account for what you might be giving up, such as employer-sponsored health insurance or 401k matches.
Calculate Debts and Liabilities
- Calculate all debts and liabilities, including mortgages, credit cards, car loans, and student loans.
- Acknowledge these debts but don't let them discourage you from exploring a reset.
Evaluate Housing Situation
- Evaluate your housing situation, considering the financial and emotional impact of selling or renting.
- Consider whether your current housing arrangement aligns with your reset goals.
