Chloe Shih, a full-time creator who transitioned from tech, and Eric Wei, a startup founder and finance expert, dive into the complexities of money and personal fulfillment. They share candid reflections on financial dynamics in relationships, the impact of income on lifestyle changes, and the allure versus reality of startup life. With stories on balancing creativity with finance, they spill some major tea on the real challenges of leaving corporate jobs. Their honest conversation reveals the emotional nuances that come with navigating wealth in today's world.
The tension between corporate job security and the allure of content creation highlights the personal conflict many face in their careers.
Money's influence on friendships and social interactions underscores the delicate balance between financial transactions and genuine relationships.
The financial instability inherent in content creation emphasizes the necessity for diversifying income streams to achieve long-term security.
Deep dives
Navigating Career Choices
The dilemma of choosing between returning to a corporate job and pursuing a career in content creation is examined. The potential for unlimited upside in being your own boss is enticing, but the stability of a traditional paycheck also holds significant appeal. This internal conflict reflects a broader struggle faced by many individuals torn between security and passion in their professional lives. Weighing the risks and rewards of each path proves to be a challenging task as both options seem attractive in their own right.
The Social Fatigue of Group Events
The discussion delves into the often conflicting feelings experienced before attending social gatherings. While there might be initial excitement, itβs common to feel overwhelmed and tired at the prospect of interacting with larger groups. Despite these moments of hesitation, the eventual joy of attending social events reaffirms the importance of human connection. This sentiment highlights the delicate balance many individuals face in maintaining a social life while managing feelings of social fatigue.
Financial Reflections and Spending Mindset
The conversation includes a deeper examination of personal spending habits and their psychological roots, particularly influenced by childhood experiences with money. The impact of having grown up in a financially unstable environment plays a critical role in shaping beliefs around spending and saving. There is a desire to prioritize experiences and relationships over monetary concerns, suggesting a shift away from a strict money-centric perspective. Ultimately, it's about finding a balance between enjoying life and maintaining financial responsibility.
Friendship Dynamics and Money
A significant theme revolves around how money influences friendships and social interactions. The practice of splitting bills evenly regardless of who consumed more highlights the complexities of these monetary dynamics. Thereβs a poignant acknowledgment that true friendship transcends financial transactions, yet it remains a contentious issue in personal relationships. This discussion reflects the broader understanding that money can either strengthen bonds or create tension among friends.
The Unpredictability of Content Creation
The perils and unpredictability of a career in content creation are highlighted, especially concerning financial stability. While content creators can have significant earning potential, there is also a level of uncertainty, as income can stem from sporadic sponsorships and brand deals. This reality emphasizes the importance of diversifying income streams to maintain a sense of security within the industry. As such, a creatorβs ongoing exploration of sustainable avenues for growth and fulfillment becomes crucial in navigating this landscape.
Chloe and Eric both left the corporate world for their own pursuits. But it's hard to ignore the elephant in the room: where does money fit into the equation? The JOMO hosts compare their finances from back when they worked corporate jobs, to today as a full-time creator (Chloe) and startup founder (Eric). This is an honest conversation about how money affects relationships and careers in your 20s and 30s β some major π΅ is spilled!
πππ π πππ πππππ ποΈ
ππΏπΆπ° πͺπ²πΆ (β @trykarat β ) - IG: https://www.instagram.com/erictway/
co-founder of Karat Financial, helping creators with finances
ππ΅πΉπΌπ² π¦π΅πΆπ΅ (β @chloeshih β ) IG: https://www.instagram.com/chloe.shih/
tech product manager sharing perspectives on career, life advice, and living in your 30s.
Editor: Jayna Benito
πππΎππΌππ πΈ
β instagram β https://www.instagram.com/jomo.pod
β spotify β https://bit.ly/jomo-spotify
β apple podcasts β https://bit.ly/jomo-apple
β tiktok β https://www.tiktok.com/@jomopod
β youtube β www.youtube.com/@jomopod
πΎππΌπππππ π
0:00 eric & chloe catch up
5:48 money in relationships
11:14 when did you first start making a lot of money
14:56 when being money driven stops you from doing other things
17:13 are startups *actually* lucrative
20:00 why chloe went into content
29:08 chloe's married life finances
32:09 eric's finances across relationships
37:00 onlyfans
40:00 how having kids changes finances
46:46 the corporate ladder
52:01 how chloe worked her way up
1:00:14 paying for others
1:01:50 chloe's dilemma
1:06:22 how chloe makes money as a creator
1:10:33 getting pregnantπ€°π»
π§ business: jomo.chat@gmail.com
#jomopod #joyofmissingout #chloeshih #ericwei
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