Childfree Wealth® I'll Make You Quit Your Job - Pt. 3: The How, Ep 152
Ever dreamed of quitting your job but wondered, "How the heck do I actually do it?" This episode is for you! In the final episode of our “I’ll Make You Quit Your Job” series, we’re diving deep into the mechanics, finances, and structure needed to make that leap when you've decided it's time for a change. Bri and Dr. Jay discuss how much money you need to save before jumping ship, emphasizing the importance of an emergency fund and having a plan.
We explore different scenarios, from barely making ends meet to having a fully funded emergency fund, and discuss the often-overlooked aspects like potential pay delays when switching jobs. Plus, we get into the nitty-gritty of planning a "sabbatical" — Dr. Jay's ideal six-month plan for decompressing, soul-searching, and trying out new things before making your next big career move.
We also tackle the common fear of healthcare (spoiler: it doesn't have to trap you!) and even discuss how being laid off could surprisingly be a good thing. For couples, we cover the "gardener and the rose" approach to career changes, and for everyone, a crucial reminder to question everything—including where you live—to truly find happiness. Tune in to learn how to simplify your finances so your life can be amazing!
Timestamps:
🔹00:30 - How much money do you need to save before quitting your job?
🔹01:00 - The importance of an emergency fund and having something else lined up.
🔹03:00 - The ideal three to six-month plan for a career transition.
🔹03:30 - Jay's six-month sabbatical plan: decompress, discover, and try.
🔹07:45 - Using AI or a thinking partner for career exploration.
🔹11:40 - Navigating healthcare when changing jobs or taking a sabbatical.
🔹14:30 - The surprising benefits of a strategic layoff.
🔹19:00 - Questioning your location and lifestyle for greater happiness.
🔹24:50 - Timing your departure for bonuses or stock options.
🔹27:50 - Being prepared for your employer's reaction when you give notice.
Mentioned in this Episode:
🔹 I’ll Make You Quit Your Job Pt. 1 https://www.buzzsprout.com/2002436/episodes/17514288
🔹 I’ll Make You Quit Your Job Pt. 2 https://www.buzzsprout.com/2002436/episodes/17466054
🔹 The Gardener and the Rose https://childfreewealth.com/resources/gardener-rose/
🔹 The Gardener and the Rose with Heathe
The Childfree Wealth Podcast, hosted by Bri Conn, CFP®, and Dr. Jay Zigmont, CFP®, is a financial and lifestyle podcast that explores the unique perspectives and concerns of Childfree individuals and couples.
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Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.