Guests include Jen Fisher, Human Sustainability Leader at Deloitte, Progress Coach Jillian Johnsrud, and Rich Girl Rachael who took her own sabbatical. Topics discussed include the logistics and psychology behind taking a sabbatical, the importance of work-life balance and investing tips, strategies for overcoming fear and navigating uncertainty, achieving a sustainable work pace, and the pursuit of financial stability and exposure to new perspectives.
Taking a sabbatical provides the opportunity to disconnect from regular life and explore new possibilities.
Sabbaticals can help high-achieving individuals gain clarity, redefine success, and explore new paths.
Addressing burnout requires organizations to create sustainable work cultures and prioritize employees' well-being.
Deep dives
Reevaluating Priorities and Taking Control of Life
The podcast discusses the importance of reflecting on one's priorities and taking control of life while still having the ability to do so. Many people on their deathbeds express regrets about not living life the way they wanted, yet there is a lack of people responding to this data and making changes. The speaker encourages listeners to consider the value of sabbaticals, which traditionally originated in academia and are now being adopted in the corporate world. By taking substantial time off and spending some savings, individuals can gain the mental bandwidth to disconnect from their regular lives and explore new possibilities.
Overcoming the Fear of Change and Redefining Success
The podcast explores the fear of change and the challenge of redefining success. It discusses how high-achieving individuals often struggle with finding balance and moderation, leading to extreme behavior. The speaker shares the story of individuals who were financially independent but had difficulty spending their nest egg. They were unable to transition from a mindset of accumulation to one of utilizing their resources. The podcast suggests that taking a sabbatical can be a strategic career move to gain clarity and reevaluate priorities, allowing individuals to explore new paths and redefine success.
Addressing Burnout and Creating Sustainable Work Environments
The podcast addresses the issue of burnout and the need for sustainable work environments. It features a guest who shares her personal experience with burnout and emphasizes the importance of seeking help and reevaluating one's beliefs and behaviors. The speaker highlights the need for organizations to address the underlying causes of burnout and create sustainable work cultures. Sabbaticals are seen as a temporary solution, but efforts should be made to fix systemic issues in the workplace. The guest suggests that work should enhance well-being rather than detract from it.
Importance of a CEO retreat for evaluating business priorities
The podcast episode discusses the importance of taking time to step back and evaluate the big picture of working on a business versus working in it. The speaker suggests that a CEO retreat, lasting three to four days, can be helpful in this process. During the retreat, individuals should assess the profitability and effectiveness of different aspects of their business, as well as their personal goals and priorities. This retreat allows for deeper reflection, allowing for a clearer understanding of what truly drives success and fulfillment in both personal and professional lives.
Considerations for taking a sabbatical to pursue other passions
The podcast episode also explores the idea of taking a sabbatical to explore other passions or side projects. It highlights the potential benefits of taking time off to assess whether a passion project could become a viable full-time endeavor. The speaker shares a personal experience, explaining how their side project turned into a successful venture that they wish they had focused on earlier. The episode emphasizes the importance of financial planning and strategizing before embarking on a sabbatical, including calculating expenses, exploring income sources, and considering the financial impact in the long term. Ultimately, the episode encourages listeners to find a balance between work, personal interests, and financial stability.
Today, we’re making the personal and professional case for some extended time off. Who needs a sabbatical, and most importantly, how do you take one? We cover the logistics, finances, and psychology behind stepping away from work—along with three interviews: Jen Fisher, the Human Sustainability Leader from Deloitte, Progress Coach Jillian Johnsrud, and Rich Girl Rachael Levine (@trippingmillennial) who took a sabbatical of her own.
While I love diving into investing- and tax law-related data, I am not a financial professional. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.