Radical Personal Finance 1069-Friday Q&A: Laid Off, Building a Better FAFSA, RPF Academy, Voluntary Buyout
Nov 22, 2024
Facing a recent layoff can be daunting, but it opens doors for reinvention and growth. Discover strategies to optimize your FAFSA for college funding and financial independence. Learn about a new masterclass in personal finance that tailors lessons to individual needs. Consider the pros and cons of accepting a voluntary severance while balancing work and family priorities. Lastly, engage in a reflective conversation about using money to create a positive global impact rather than just for personal gain.
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Flexibility with House Purchase
- Acknowledge that selling your house is always an option, even after purchase.
- Don't let one decision control your life, find what makes you content.
Post-Layoff Actions
- Focus hard on the new job search and consider any additional education or certifications.
- Try to insert a mini-retirement after a layoff to test-drive your ideal lifestyle.
Embrace Layoff as Opportunity
- If a layoff forces a career change you were already considering, view it as a blessing.
- Focus on a new job search in the desired field.