Life Kit Can you afford to make a big life change?
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Sep 30, 2025 In this engaging discussion, Jill Schlesinger, a certified financial planner and CBS News business analyst, shares her expertise on navigating significant life changes. She introduces her 'fabulous five' steps to evaluate your financial readiness, emphasizing the importance of assessing resources and liabilities. Jill explains how to analyze your spending patterns and account for family obligations. She even shares her personal career transition, providing insights on building a safer bridge to your future. Get ready to turn your dreams into actionable plans!
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Inventory Your True Resources
- Calculate all your resources including assets, income, retirement accounts, and benefits you might lose.
- Count convertible assets you can use quickly, not just illiquid holdings.
Count Debts Before Deciding
- Tally your debts and liabilities like mortgages, loans, and credit cards before deciding.
- Don’t give up if debt exists; use the numbers to explore feasible options.
Pause And Reconnect With Your Why
- Pause and ask if the life you have matches what you truly want before making financial moves.
- Money is the vehicle to enable lifestyle choices, not the only reason to change.
