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Speaker 1: Welcome to How the Money. I'm Joel and I and Matt.

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Speaker 1: Today we're discussing quitting your job the right way. Yeah,

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Speaker 1: it's pretty clear from the title of this episode what

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Speaker 1: we're gonna talk about. We were just actually before we

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Speaker 1: hit recorded. We're talking about the flight attendant who uh

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Speaker 1: this is a while ago, like, was it ten years ago?

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Speaker 1: Roughly at least the flight attendant who quit by pulling

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Speaker 1: the escape patch while on the runway down the slide intable, Yeah,

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Speaker 1: the inflatable slide with a couple of beers. Basically, what

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Speaker 1: we're talking about today is quitting the opposite way and

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Speaker 1: not doing it that way, the exact opposite, and so

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Speaker 1: we will go into detail later on during this episode.

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Speaker 1: Real quick, though, man, we wanted to talk about the

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Speaker 1: How Do Money socks that we just ordered. I'm sure

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Speaker 1: folks have been waiting for this announcement. It was episode

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Speaker 1: five hundred where we talked about sending out some merchandise

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Speaker 1: to listeners whose money tip we featured on the show,

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Speaker 1: and it has taken us this long to actually get

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Speaker 1: that all figured out. Bottom line, we were talking with

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Speaker 1: the nice folks over at Sock Fancy, going back and

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Speaker 1: forth on the design, trying to figure out what's gonna work,

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Speaker 1: and we finally placed the order. We're really excited. They

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Speaker 1: look awesome. We are really excited to share those with

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Speaker 1: with y'all. Definitely, it's the most money I've ever paid

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Speaker 1: for socks before. I don't normally buy a hundred pairs

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Speaker 1: of socks at once, because you don't get your socks

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Speaker 1: at Costco, where they buy at least a hundred pairs

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Speaker 1: of time. Well, in the same way, you do get

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Speaker 1: that quantity discount, which we got. But even still, we

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Speaker 1: received the invoice and we're getting ready to pay it,

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Speaker 1: and we're like, oh, what if we can maybe score

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Speaker 1: some sort of discounts, some sort of sales. See if

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Speaker 1: there's an your promo codes that they're offering. We wouldn't

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Speaker 1: be the how the money guys. We didn't try naturally,

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Speaker 1: we reached out and it turns out, I mean, we

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Speaker 1: did get to know them over the past couple of weeks.

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Speaker 1: As you know, you go back and forth, you kind

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Speaker 1: of build a relations and ship, you build some rapport,

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Speaker 1: and the guy was like, hey, you know what, you

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Speaker 1: got it. You guys will get the friends and family discount,

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Speaker 1: which was a ten percent discount code, and so we

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Speaker 1: were able to score a deal on the How the

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Speaker 1: Money Socks, which is only appropriate. You didn't even have

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Speaker 1: to marry his sister Matt to get it, no, And

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Speaker 1: so we wanted to share this because we think that

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Speaker 1: in most situations it is okay to ask for a discount. Obviously,

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Speaker 1: there are going to be some situations where it's inappropriate,

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Speaker 1: specifically when you're dealing with like a corporation and you're

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Speaker 1: standing in the check online at the grocery store, like

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Speaker 1: they're not gonna just be like, oh yeah, let me

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Speaker 1: give you ten percent off. That's not normally going to

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Speaker 1: be the case. No, but I will ask for the

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Speaker 1: actual price that's reflected on the sticker on the aisle

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Speaker 1: where I got the item, and because sometimes it will

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Speaker 1: ring up in correctly and not all wait patiently for

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Speaker 1: the price correction pushed back a little bit. But in

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Speaker 1: a lot of cases, especially when you're dealing with individuals,

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Speaker 1: you can ask for a discount, and oftentimes it comes

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Speaker 1: down to how it is that you ask for that discount.

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Speaker 1: We talked about this back in the episode three seventy seven,

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Speaker 1: and in a similar fashion, it was down to how

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Speaker 1: you quit because you can go about it the wrong way,

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Speaker 1: just like you can ask for a discount the wrong way.

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Speaker 1: But we think that there is a right way and

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Speaker 1: a wrong way to do everything. So just like asking

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Speaker 1: for a discount, that's what we're talking about today, quitting

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Speaker 1: the right way, you gotta do it with finesse, you

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Speaker 1: gotta do it with style. Yeah, And similarly, there is

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Speaker 1: a way that you could have asked for this discount,

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Speaker 1: and it would have been much easier for this guy

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Speaker 1: to say no, and I could have made his job

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Speaker 1: very easy. Yeah, the charge was the full asking price, right,

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Speaker 1: but there are ways you could have gotten shut down

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Speaker 1: really quickly, just by the way that you asked. And

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Speaker 1: and similarly, the way that you quit can impact your

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Speaker 1: future job prospects and your immediate future. Especially we're gonna

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Speaker 1: talk about people going back to work for the company

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Speaker 1: that they quit, and so if you end up doing

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Speaker 1: that poorly, well if that's not really an option anymore.

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Speaker 1: But we'll get to all that in just a minute. First, Matt,

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Speaker 1: let's mentioned the beer that we're having on this episode.

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Speaker 1: It's called Bumblestick Nut Brown Ale by Burmari Brewing. We

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Speaker 1: will give our thoughts on this cinnamony beer at the

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Speaker 1: end of the episode. But okay, so let's talk about

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Speaker 1: quitting your job and doing it the right way, and

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Speaker 1: it just talking about quitting, talking about, you know, asking

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Speaker 1: for a deal, talking about all sorts of there's just

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Speaker 1: a right and a wrong way to do almost everything.

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Speaker 1: It makes me think of putting your toilet paper on

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Speaker 1: the toilet paper holder. I think personally there is a

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Speaker 1: right way and a wrong way to do this. So

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Speaker 1: many people have the toilet paper coming out the bottom.

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Speaker 1: Crazy people with it dispensing against the wall. Yeah, yeah,

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Speaker 1: that's where my hand is. I am on the wall side. No, no,

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Speaker 1: I'm across from the wall, Like are you crazy? But

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Speaker 1: obviously the toilet paper should be coming out the top, right,

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Speaker 1: Like the same person installs their toilet paper. It makes

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Speaker 1: you think. Also, maybe someone at the beach and you

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Speaker 1: see them in their beat red and they are without

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Speaker 1: their shirt on, and it's like they didn't learn their lesson,

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Speaker 1: Like you forgot to apply sunscreen the first day, and

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Speaker 1: now you're doubling down by keeping your shirt off even

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Speaker 1: though you already look like a lobster. How do they

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Speaker 1: not know that sunscreen works? Magic, it'll save your booty.

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Speaker 1: And same with a T shirt, I guess when you're

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Speaker 1: already read. But and just like there are ways to

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Speaker 1: screw up your beach trip and your every day bathroom trips,

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Speaker 1: you can screw up majorrely when when you're quitting a job,

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Speaker 1: and so quitting poorly it just really can have long

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Speaker 1: term ramifications. But so can quitting a job the right way.

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Speaker 1: It can actually be a boost to your career. And

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Speaker 1: it might seem weird maybe to dedicate a whole episode

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Speaker 1: to this, but trust us, there's a lot to unpack. Like, yeah,

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Speaker 1: quitting is it's a it's a complex topic. Yeah. And

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Speaker 1: part of the reason that we believe that this topic

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Speaker 1: is important to cover is because more employees and more

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Speaker 1: workers are quitting than ever before. We're still experiencing the

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Speaker 1: Great Resignation, which started back in the spring of last year.

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Speaker 1: But there's a chance that you may have even been

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Speaker 1: part of the big quit yourself. But if you weren't,

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Speaker 1: you might be thinking to yourself that this this is

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Speaker 1: a fantastic time to make the most of a vigorous

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Speaker 1: job market. Uh, And so you might be parting ways

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Speaker 1: with your employers soon. And we want to make sure

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Speaker 1: that you do it the right way, because you know,

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Speaker 1: let's be honest, the stakes are are pretty low when

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Speaker 1: it comes to which way you put your toilet paper

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Speaker 1: on the toilet paper roll. The steaks are gonna be

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Speaker 1: much higher if you handle your job quitting poorly. Yeah, well,

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Speaker 1: I will say the stakes are high if I come

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Speaker 1: over to your house and I find your toilet paper

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Speaker 1: on the wrong way because old trashes, I'm not gonna

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Speaker 1: be your friend anymore. It annoys me. Well, but let's

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Speaker 1: talk about the why to here, because part of the

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Speaker 1: discussion we need to talk about is is why you're

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Speaker 1: wanting to quit in the first place, and statistics show

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Speaker 1: that switching jobs is the best way to earn more money.

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Speaker 1: This show is called How the Money, so people obviously

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Speaker 1: want to know more about that side of the equations

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Speaker 1: are main angle dude, or saving more, earning more exactly,

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Speaker 1: and and the the average. Just talk about the emotional components.

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Speaker 1: How it's gonna make you feel, Yeah, exactly. Let's talk

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Speaker 1: about our feelings a whole bit. Actually, we will talk

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Speaker 1: about that comes into feelings a little bit, because that

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Speaker 1: is important. Well, I think it's it's very important. And

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Speaker 1: we need to discuss that too. But but when it

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Speaker 1: comes to compensation, the average wage jump is is almost

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Speaker 1: higher when you switch jobs. That's that's on average, and

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Speaker 1: when you opt to stay with your current employer, the

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Speaker 1: average wage increases closer to five So you're making more

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Speaker 1: money with every paycheck. It's a great thing because you're

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Speaker 1: gonna be able to reach your financial goals more quickly.

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Speaker 1: But like you said, Matt, it's it's important to think

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Speaker 1: about other factors. To one of the other factors, specifically

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Speaker 1: in in the money in the context of money, is

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Speaker 1: to be sure to factor in your total compensation, not

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Speaker 1: just the headline salary number. I think sometimes people think

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Speaker 1: just about, well, am I going to get a boost

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Speaker 1: in pay, but you're missing out maybe on some of

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Speaker 1: the other benefits that your current employer offers that might

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Speaker 1: actually put those salaries more in line with each other.

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Speaker 1: So we want to make sure that you hear us

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Speaker 1: clear clearly. Quitting isn't an inherently bad thing, but even

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Speaker 1: good things can be done badly, and especially when money

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Speaker 1: and benefits are on the line, we want to make

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Speaker 1: sure that you're not screwing it up. Yeah, before we

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Speaker 1: go any further, let's go ahead and kind of touch

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Speaker 1: on emotions a little bit because what it makes me

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Speaker 1: think about our alleys doing the emotional side of things.

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Speaker 1: It is important to be well rounded here because just

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Speaker 1: think about what we've lived through over the past two years,

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Speaker 1: right like that it has had a significant act on

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Speaker 1: all areas of our lives, including our work lives. And

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Speaker 1: so it makes sense that covid UH and it's disruptive

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Speaker 1: effects that it might lead folks to make some different choices.

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Speaker 1: But it is also important to avoid emotional decision making

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Speaker 1: because changing jobs it can be a wonderful thing, but

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Speaker 1: the grass isn't always greener on the other side. It's

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Speaker 1: it's easy to think that though, when your emotions are

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Speaker 1: in charge, you know, considering that, I think for most people,

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Speaker 1: the fact that the pandemic is behind us, like that

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Speaker 1: the worst might be behind us, that is encouraging because

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Speaker 1: I think that means we might be able to make

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Speaker 1: decisions with the more level head as opposed to feeling

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Speaker 1: like that we might be making decisions based on emotions.

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Speaker 1: I'm just thinking back to what it looked like when

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Speaker 1: our kids were virtual schooling or learning at home. We

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Speaker 1: couldn't visit our friends and towards exactly just pitsion fits

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Speaker 1: and refusing to get on the computers. And look, we

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Speaker 1: couldn't travel. There are so many things that we couldn't

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Speaker 1: do that I know personally it was difficult. Kate and

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Speaker 1: I we were thinking about making some significant changes to

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Speaker 1: our lives, but we were recogniz eyes that you know what,

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Speaker 1: I don't think this is the best time to make

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Speaker 1: a major, significant disruptive change like this in our lives

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Speaker 1: while we are currently in the midst of something that

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Speaker 1: feels incredibly disruptive. Sometimes right in the middle of a

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Speaker 1: stressful situation, you will choose to do something that is

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Speaker 1: not in your long term best interest because you just

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Speaker 1: gotta get get out of that. Situations like the fight

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Speaker 1: or flight right and and interestingly enough, matt one survey

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Speaker 1: showed that three quarters of folks who changed jobs during

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Speaker 1: the pandemic have admitted feeling surprise or regret. And basically,

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Speaker 1: I think what they found out was maybe their new

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Speaker 1: employer overpromised and under delivered. That that was the case

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Speaker 1: for a lot of folks, where it certainly seemed like

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Speaker 1: they were jumping ship to two sun of your skies,

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Speaker 1: and in reality, the job, the work environment wasn't like

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Speaker 1: they wanted it to be, and so they're just not

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Speaker 1: as happy as they thought they were going to be

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Speaker 1: after moving on from their old employer. And then there

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Speaker 1: was this article published in the Wall Street Journal last

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Speaker 1: week about what they're calling boomerang hiring, and uh, it

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Speaker 1: turns out a lot of employees who left in a hurry,

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Speaker 1: they're finding themselves on happy in a new role with

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Speaker 1: another company, and so they're they're like asking for their

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Speaker 1: old jobs back. Many have only been in their new

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Speaker 1: role for three, four or five months and they're reinterviewing

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Speaker 1: with their old company. They're going back to an old

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Speaker 1: position or to a new position that's been created for

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Speaker 1: them at their old employer. And so it's just important.

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Speaker 1: All that stuff kind of goes in and it makes

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Speaker 1: me think that it's important to be quitting for the

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Speaker 1: right reasons. That is what's going to help minimize regret.

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Speaker 1: You don't want to, like you said, not be making

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Speaker 1: an emotional, knee jerk decision, because I think that's going

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Speaker 1: to have the most significant potential for a lot of regret. Yeah,

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Speaker 1: not only is it important to make sure that you're

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Speaker 1: quitting the right way, but that you're doing it for

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Speaker 1: the right reasons. Okay, so let's talk about what you

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Speaker 1: can do if you are thinking about quitting. If you

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Speaker 1: love your job but low pay is the main reason

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Speaker 1: for leaving, it's worth having that conversation before you know

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Speaker 1: you show up and slap down your two week notice.

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Speaker 1: Your manager or your boss might have a lot of

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Speaker 1: leeway to provide a meaningful pay increase right now, but

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Speaker 1: only if you ask them, And so quitting in order

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Speaker 1: to get paid more, it's it is a legitim reason

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Speaker 1: to move on. You know, if you can get paid

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Speaker 1: more with another company, leaving might be the right course

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Speaker 1: of action. But if you love your current employer and

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Speaker 1: you're realizing that, you know what, the only thing that's

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Speaker 1: really causing me to look elsewhere is the pay, then

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Speaker 1: give them a shot keeping you with a salary increase.

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Speaker 1: Don't leave without at least asking for for higher pay.

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Speaker 1: And the same thing can be true to not just

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Speaker 1: for for pay, but maybe it's just some different opportunities

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Speaker 1: that you're looking for, or maybe you're looking for a

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Speaker 1: different role within that company. Assuming that it's a great

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Speaker 1: company that that you enjoy working for, make sure that

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Speaker 1: you don't leave without having that conversation. It makes me

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Speaker 1: think of like, let's say you left your partner because

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Speaker 1: they put their toilet paper on the wrong side of

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Speaker 1: the role, like they were doing it incorrectly, and you

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Speaker 1: never even have the conversation. Yeah, it's like no, no, wait,

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Speaker 1: if they're perfectly every other way, have the conversation because

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Speaker 1: it's it's one of those things that can get worked out. Right,

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Speaker 1: you want to leave over something like that, well, that's

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Speaker 1: the thing to do with it. It's a big deal.

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Speaker 1: But you still don't want to leave over or something

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Speaker 1: like like. Again, as I think over the think through

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Speaker 1: the past two years, I do think that we have

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Speaker 1: stopped making for progres us in how well that we're

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Speaker 1: able to communicate with with other folks, especially in person,

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Speaker 1: because I mean, so many folks are working from home.

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Speaker 1: They are interacting with their bosses and their coworkers digitally,

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Speaker 1: and sometimes you do need that face to face. Yeah, agreed.

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Speaker 1: All right, Let's talk about flexibility too, because that's that's

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Speaker 1: another reason that folks might consider leaving their job. Work

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Speaker 1: from home is is obviously one of the things that

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Speaker 1: people want a whole lot of. And so if your

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Speaker 1: company has called you back into the office, but you've

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Speaker 1: gotten used to not coming into to not commuting. I

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Speaker 1: guess I get the distaste for being back in the

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Speaker 1: office full time. Like we talked about recently, there there

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Speaker 1: are some perks for going back into the office, especially

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Speaker 1: for folks who are earlier on in their careers and

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Speaker 1: for lots of jobs. It's it's just it's just so

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Speaker 1: much easier to advance in your career if you're around

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Speaker 1: your coworkers, if you're kind of immersed in the company culture,

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Speaker 1: and the psychological impacts of being seen at your job.

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Speaker 1: They're actually bigger than you think. I think sometimes people

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Speaker 1: think that they can progress at the same route in

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Speaker 1: their career, that the same at the same speed being

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Speaker 1: at home full time, And I just don't think that's

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Speaker 1: the case for most people in most companies. Well and

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Speaker 1: even just like individual well being, right, like I mean,

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Speaker 1: aside from progression and advancements in your career, just like

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Speaker 1: you said, like the ability to be seen what I see,

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Speaker 1: there is a more personal, sort of deeper human level

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Speaker 1: of understanding when when you're able to see somebody and

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Speaker 1: appreciate that you know the work that they're doing. When

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Speaker 1: you can appreciate them as a human being. That's something

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Speaker 1: that is also easier to be done in person than digitally. Yeah,

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Speaker 1: I think full time work from home has made a

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Speaker 1: ton of sense for a large chunk of this time

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Speaker 1: that we've had it because it has helped curb the

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Speaker 1: spread of a virus. But I do think as things

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Speaker 1: are getting back to normal, there are a lot of

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Speaker 1: plus sides to being back in the oppress for people.

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Speaker 1: And you know, maybe you just really do hate that

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Speaker 1: commute though, Like, if it's the case that you still

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Speaker 1: don't want to return to the office at all, then

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Speaker 1: be sure to talk with your manager or your boss

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Speaker 1: to see if there's some sort of middle ground that

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Speaker 1: you guys can hammer out. Just start the conversation, because

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Speaker 1: that's another thing where you don't want to quit without

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Speaker 1: having the convo. There's a chance that these rules aren't

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Speaker 1: hard and fast, that they're based on your specific, big

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Speaker 1: situation and the value you bring to the company, the

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Speaker 1: value you bring to the table that your employer is

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Speaker 1: willing to offer a workaround for the schedule that you

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Speaker 1: need to keep, And so these are conversations that are

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Speaker 1: worth approaching. It's not it's not worth leaving in a

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Speaker 1: huff just because the mandate from on high it isn't

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Speaker 1: conducive to the way you want a need to work.

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Speaker 1: That's right. So let's talk about networking here for a second,

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Speaker 1: because even if you're not looking to quit, having a

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Speaker 1: robust professional network is always important to do. A friend

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Speaker 1: of the show Jordan Harbinger, he calls this digging the

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Speaker 1: well before you're thirsty, and so you want to have

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Speaker 1: this contacts, You want to have those relationships in place

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Speaker 1: before you need them. Makes me think of the show alone.

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Speaker 1: We've talked about this here on the show before. It's

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Speaker 1: where they get dropped off and h it's really beautiful.

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Speaker 1: A lot of times it's it's remote, so you're just like,

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Speaker 1: oh wow, this is beautiful, this is amazing. And oftentimes

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Speaker 1: the weather is nice. But if you enjoy the scenery,

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Speaker 1: maybe a little too long you put off building a

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Speaker 1: solid shelter, you put off finding a way to uh

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Speaker 1: procure some food, then you are going to be too malnourished.

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Speaker 1: You're gonna be too cold to be able to build

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Speaker 1: it when you need to build that shelter. In a

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Speaker 1: similar way, having a robust network of friends in the

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Speaker 1: industry is massively important. And I'm not just talking about

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Speaker 1: folks who you think can do something for you in

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Speaker 1: the here and now. Looking to help others is also

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Speaker 1: an important piece of the networking puzzle. You never know

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Speaker 1: when that intern is going to become your boss, right well,

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Speaker 1: and don't only look to like the long term when

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Speaker 1: it might come full circle. But even just looking to

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Speaker 1: some of the different ways that you can assist somebody,

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Speaker 1: where you can help somebody advance in their career, is

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Speaker 1: just something good to do in and of itself. Yeah,

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Speaker 1: networking is. I think networking is a lot of fun,

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Speaker 1: just kind of getting to know other people. You're a

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Speaker 1: social dude, Yeah, yeah, I just enjoy it anyway. I

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Speaker 1: love meeting people of all sorts, of different backgrounds and interests.

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Speaker 1: But it can be potentially helpful to you in the future.

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Speaker 1: But more than anything, I just think of it as

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Speaker 1: a good time, as an enjoyable thing to do. Yeah,

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Speaker 1: and to be able to help other people is something

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Speaker 1: we need more of in the world. We need more

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Speaker 1: people not networking just to further their own careers, but

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Speaker 1: to really seek to make all of us better. Just

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Speaker 1: to not be a jerk. This is more than not

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Speaker 1: just being a jerk, like, okay, how can actually be

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Speaker 1: a kind and helping persons? Exactly? All right, Matt, We've

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Speaker 1: got more to get to you about quitting and doing

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Speaker 1: it the right way, and specifically, they are a bunch

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Speaker 1: of financial things you need to consider before you quit

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Speaker 1: your job, like how do you think about those benefits?

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Speaker 1: How do you ensure you get the most out of

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Speaker 1: them before you actually walk out the door. We'll talk

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Speaker 1: about that right after this. All right, we are back

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Speaker 1: from the brink. We're talking about quitting your job the

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Speaker 1: right way, and so it's obviously it's crucial to assess

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Speaker 1: why it is that you're quitting in order to make

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Speaker 1: sure that you're making a good decision. We talked about

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Speaker 1: that earlier on. As we said, moving on to a

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Speaker 1: new job that can lead to a massive salary bump,

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Speaker 1: which can make a big difference not only in month

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Speaker 1: to month but also over the years where you're able

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Speaker 1: to impact your ability to build wealth. But it's important

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Speaker 1: to have your personal finances in solid shape before where

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Speaker 1: you take a leap, and the most important part of

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Speaker 1: that equation having a robust emergency fund that gives you

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Speaker 1: uh the financial ability to whether a period of unemployment,

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Speaker 1: if you're quitting without knowing where you're going. So we're

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Speaker 1: talking about here, isn't gear one that two thousand phone

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Speaker 1: or sixty seven dollars of emergency fund, But you probably

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Speaker 1: want to have something a little more solid, something more

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Speaker 1: in that three to six months worth of expenses range.

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Speaker 1: And that's what's so interesting about this too, because depending

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Speaker 1: on your lifestyle, it's this is an incredibly customizable number.

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Speaker 1: It all depends on how it is that you live

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Speaker 1: your life. It all depends on the expenses that you

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Speaker 1: have coming out of your budget every single month. Yeah,

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Speaker 1: And one of the ways to make that money extend

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Speaker 1: a little bit further in your emergency fund is to

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Speaker 1: actually change your budget from the normal budget you use

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Speaker 1: every single month to what we call a bare bones budget.

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Speaker 1: And that's something we want you to kind of figure

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Speaker 1: out ahead of time, so that you can instantly cut

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Speaker 1: back if need be, uh, if you end up leaving

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Speaker 1: a job and you don't necessarily have a new one yet,

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Speaker 1: having a bare bones budget on hand can be really

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Speaker 1: helpful because it can help you stretch those dollars even further,

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Speaker 1: help you get more months out of your emergency fund

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Speaker 1: if need be. It makes me think about when your

401
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Speaker 1: computer when you started up and it's kind of crashing

402
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Speaker 1: or whatever, and it starts up in safe mode or

403
00:18:12,320 --> 00:18:14,720
Speaker 1: a recovery mode or something like that. It's like you,

404
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Speaker 1: you may not be able to do all the things

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Speaker 1: that you're able to do before, but it is going

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Speaker 1: to allow you to do the bare essentials. And that's

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Speaker 1: that's what we're looking for with the bare bones budget.

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Speaker 1: That's exactly what we want. That's exactly what we want

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Speaker 1: is we want people to have the safety the certainty

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Speaker 1: of knowing that they can dial back their expenses like shelter, food, Yeah,

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Speaker 1: clothing you you've already got that. You don't need to

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Speaker 1: buy new clothes, right, Yeah, you can cut those streaming

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Speaker 1: subscription services. There are all sorts of discretionary things that

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Speaker 1: you can take out of your budget to make sure

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Speaker 1: that your money is going to be there for things

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Speaker 1: like the shelter in the transportation, right that you're going

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Speaker 1: to need to keep on hand. Yeah, but we would

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Speaker 1: prefer for you to have a place to land figured

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Speaker 1: out before you quit your job. Of course, it's always

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Speaker 1: nice to keep the steady stream of paychecks coming in

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Speaker 1: but we realize that's not always possible. But not only

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Speaker 1: is it in and to consider your salary, but you

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Speaker 1: also need to look at the other other benefits that

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Speaker 1: you're leaving behind, Joel, like you alluded to, uh specifically,

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Speaker 1: one of the ones I'm thinking of is the f

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Speaker 1: s A, the flexible spending account. So this is money

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Speaker 1: that you've already stalked away, so make sure that you

428
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Speaker 1: spend it before it straight up evaporates and disappears. This

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Speaker 1: is one of those use it or lose it scenarios.

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Speaker 1: But the cool thing with f s a s is

431
00:19:22,200 --> 00:19:24,160
Speaker 1: that you can use the full amount that you've elected,

432
00:19:24,240 --> 00:19:27,480
Speaker 1: even if you haven't actually put all that money in yet,

433
00:19:27,840 --> 00:19:29,920
Speaker 1: So keep that in mind. But you can spend this

434
00:19:30,160 --> 00:19:33,920
Speaker 1: f s A money on things like sunglasses or sunscreen, uh,

435
00:19:34,080 --> 00:19:35,840
Speaker 1: like you talked about at the beginning, you want to

436
00:19:35,840 --> 00:19:37,920
Speaker 1: get sun overt to the beach, or just like over

437
00:19:37,960 --> 00:19:41,639
Speaker 1: the counter medications, these are all common ways to spend

438
00:19:41,680 --> 00:19:44,800
Speaker 1: down some of those dollars. Bottom line, you want to avoid.

439
00:19:45,000 --> 00:19:47,000
Speaker 1: Like as we're talking about about benefits, you want to

440
00:19:47,040 --> 00:19:50,080
Speaker 1: make sure that you're not leaving this essentially the stash

441
00:19:50,080 --> 00:19:52,400
Speaker 1: of money, the stash of benefits at your old employer

442
00:19:52,880 --> 00:19:56,560
Speaker 1: before you move on. Yeah, it's it's money that you

443
00:19:56,600 --> 00:19:58,560
Speaker 1: have a right to and you should. Even if you

444
00:19:58,600 --> 00:20:01,359
Speaker 1: have that forty seven bottles of ib often in in

445
00:20:01,480 --> 00:20:04,440
Speaker 1: the closet, it's used them good for like a decade.

446
00:20:04,480 --> 00:20:05,880
Speaker 1: That's right, that's right, and you can, you know, give

447
00:20:05,920 --> 00:20:07,760
Speaker 1: it away for Christmas presents this year if you want.

448
00:20:08,320 --> 00:20:10,320
Speaker 1: And so you know, one other benefit you're gonna want

449
00:20:10,320 --> 00:20:13,119
Speaker 1: to pay attention to before you pull the trigger and

450
00:20:13,200 --> 00:20:14,960
Speaker 1: leave your job is your four oh one K, and

451
00:20:15,080 --> 00:20:17,159
Speaker 1: especially if you have taken out a loan from your

452
00:20:17,160 --> 00:20:19,720
Speaker 1: four oh one K, because quitting is going to impact

453
00:20:19,760 --> 00:20:23,800
Speaker 1: you even more acutely. We're not big fans of taking

454
00:20:23,800 --> 00:20:26,560
Speaker 1: a loan out from your retirement account, although it does

455
00:20:26,640 --> 00:20:29,680
Speaker 1: make sense in some cases. But getting let go or

456
00:20:29,760 --> 00:20:32,760
Speaker 1: quitting is where that loan becomes a real problem. And

457
00:20:32,760 --> 00:20:34,600
Speaker 1: that's because if you don't pay that loan back in

458
00:20:34,640 --> 00:20:38,199
Speaker 1: a timely manner, usually forty five to sixty days, so

459
00:20:38,240 --> 00:20:40,560
Speaker 1: you gotta figure stuff out quick, you will be taxed

460
00:20:40,560 --> 00:20:44,320
Speaker 1: on the outstanding balance of that loan as income. And

461
00:20:44,400 --> 00:20:46,280
Speaker 1: in addition to that, you're gonna owe a ten percent

462
00:20:46,359 --> 00:20:49,119
Speaker 1: penalty if you're under the age of fifty nine and

463
00:20:49,119 --> 00:20:51,120
Speaker 1: a half and that can put you in a tough

464
00:20:51,160 --> 00:20:54,000
Speaker 1: position come tax time. So if you've got a four

465
00:20:54,000 --> 00:20:56,239
Speaker 1: o one k loan, it's it's crucial to figure out

466
00:20:56,320 --> 00:20:58,680
Speaker 1: how you can pay that back before you quit. It's

467
00:20:58,720 --> 00:21:01,679
Speaker 1: not just losing the ability uh the match from your

468
00:21:01,680 --> 00:21:04,800
Speaker 1: employer and the ability to contribute to your retirement accounts.

469
00:21:04,880 --> 00:21:07,920
Speaker 1: If you have a loan, this can lead to severe

470
00:21:08,040 --> 00:21:11,640
Speaker 1: financial consequences if you can't pay it back before you leave.

471
00:21:11,960 --> 00:21:13,600
Speaker 1: That's right, But the good thing about four one k

472
00:21:13,680 --> 00:21:16,160
Speaker 1: loans is that you're just paying yourself back. You're paying

473
00:21:16,160 --> 00:21:18,680
Speaker 1: yourself interest. But we're not going to dive into all

474
00:21:18,720 --> 00:21:20,920
Speaker 1: the four o one k loan nuances right now. In

475
00:21:21,000 --> 00:21:23,240
Speaker 1: the still, you know you're missing out on growth in

476
00:21:23,280 --> 00:21:26,280
Speaker 1: the market time in the market. Another benefit to keep

477
00:21:26,280 --> 00:21:29,199
Speaker 1: in mind is vacation days. You're gonna want to make

478
00:21:29,240 --> 00:21:31,560
Speaker 1: sure that you are able to take all of your

479
00:21:31,640 --> 00:21:34,280
Speaker 1: vacation or your personal days that you have accrued at

480
00:21:34,320 --> 00:21:36,919
Speaker 1: your employer over the years. You want to plan your

481
00:21:36,960 --> 00:21:40,520
Speaker 1: exit so that you don't waste this valuable benefit. Some

482
00:21:40,560 --> 00:21:42,119
Speaker 1: of those days could even be used during your new

483
00:21:42,160 --> 00:21:44,600
Speaker 1: job hunt or if you realize that you're not going

484
00:21:44,640 --> 00:21:47,240
Speaker 1: to be able to use them, try and see if

485
00:21:47,320 --> 00:21:51,040
Speaker 1: your employer will pay you for those unused days. Keep

486
00:21:51,040 --> 00:21:52,960
Speaker 1: in mind, though, all companies are different, so it is

487
00:21:53,040 --> 00:21:55,600
Speaker 1: important to know the policy. So, for instance, there might

488
00:21:55,600 --> 00:21:57,080
Speaker 1: be a cap on the number of days that they'll

489
00:21:57,080 --> 00:21:59,320
Speaker 1: actually pay for, But you want to know what these

490
00:21:59,320 --> 00:22:01,600
Speaker 1: policies are and then act accordingly. Yeah, and if you

491
00:22:01,600 --> 00:22:03,040
Speaker 1: have a timeline, if you're not like, man, I gotta

492
00:22:03,080 --> 00:22:05,400
Speaker 1: quit next week, if you're if you're saying I want

493
00:22:05,400 --> 00:22:06,879
Speaker 1: to quit six months from now, and I want to

494
00:22:06,880 --> 00:22:09,760
Speaker 1: be looking that that that time horizon gives you just

495
00:22:09,880 --> 00:22:12,399
Speaker 1: a better understanding of how to utilize these benefits. You

496
00:22:12,440 --> 00:22:15,160
Speaker 1: won't necessarily have to get forty seven bottles sorr profen

497
00:22:15,320 --> 00:22:17,360
Speaker 1: or or take all your vacation in a two week

498
00:22:17,400 --> 00:22:18,960
Speaker 1: span right before you leave. Like you can start to

499
00:22:18,960 --> 00:22:20,760
Speaker 1: space those things out, spread it all out, that's right,

500
00:22:20,800 --> 00:22:23,360
Speaker 1: Fridays off for the rest of the I mean, yeah,

501
00:22:23,359 --> 00:22:24,720
Speaker 1: that's kind of what I'm talking to my mom about

502
00:22:24,760 --> 00:22:26,879
Speaker 1: right now, because she's on the verge of retiring and

503
00:22:26,920 --> 00:22:29,000
Speaker 1: she's got all these vacation time built up and they'll

504
00:22:29,040 --> 00:22:30,480
Speaker 1: pay her for some. But I'm also like, why don't

505
00:22:30,480 --> 00:22:33,199
Speaker 1: you take some of those days now too, so because

506
00:22:33,520 --> 00:22:35,880
Speaker 1: because she's got that timeline and she knows playing into

507
00:22:35,880 --> 00:22:38,440
Speaker 1: the future when she wants to leave, that's going to

508
00:22:38,560 --> 00:22:40,720
Speaker 1: help her do it. Well, is she still thinking, well,

509
00:22:40,760 --> 00:22:42,400
Speaker 1: what if I get sick and she is she still

510
00:22:42,480 --> 00:22:44,680
Speaker 1: kind of wanting to the stockpile some of those pay

511
00:22:45,080 --> 00:22:46,879
Speaker 1: I think so a little bit. But there's also it's

512
00:22:46,880 --> 00:22:49,040
Speaker 1: also nice to know and not every employer does this,

513
00:22:49,160 --> 00:22:50,919
Speaker 1: like you said, Matt, that she will get paid for

514
00:22:50,920 --> 00:22:53,080
Speaker 1: some of those days when she leaves if she hasn't

515
00:22:53,160 --> 00:22:56,159
Speaker 1: used that. And so another benefit that people have to

516
00:22:56,200 --> 00:22:58,840
Speaker 1: think about besides vacation days and their four oh one

517
00:22:58,920 --> 00:23:02,080
Speaker 1: k is insurance, Like what are you gonna do for

518
00:23:02,119 --> 00:23:04,040
Speaker 1: health insurance? And if you're quitting and you don't have

519
00:23:04,080 --> 00:23:07,240
Speaker 1: another job lined up, this can become a problem. Is

520
00:23:07,240 --> 00:23:08,720
Speaker 1: a huge deal. Yeah, you want to make sure you've

521
00:23:08,720 --> 00:23:10,399
Speaker 1: got it figured out and then you're not flying by

522
00:23:10,440 --> 00:23:13,119
Speaker 1: the seat of your pants. Try you know, the Monday

523
00:23:13,160 --> 00:23:15,720
Speaker 1: after you're done with work trying to figure out how

524
00:23:15,720 --> 00:23:17,480
Speaker 1: am I gonna do this health insurance thing? Gonna be

525
00:23:17,480 --> 00:23:21,000
Speaker 1: popping that vitamin C staying healthy. But for all this

526
00:23:21,080 --> 00:23:23,680
Speaker 1: is a big deal that bankruptcy because of medical costs

527
00:23:23,720 --> 00:23:26,800
Speaker 1: are the number one reason for bankruptcy for individuals. That's right.

528
00:23:26,840 --> 00:23:29,600
Speaker 1: And and maybe you can go on your partner's insurance plan.

529
00:23:29,800 --> 00:23:32,320
Speaker 1: That'd be great. Maybe you can sign up for coverage

530
00:23:32,359 --> 00:23:34,639
Speaker 1: with the health sharing company. You know, we've gotten article

531
00:23:34,760 --> 00:23:37,000
Speaker 1: that we'll put in the show notes about that. Matt

532
00:23:37,040 --> 00:23:38,960
Speaker 1: and I both have health sharing plans for our families.

533
00:23:39,520 --> 00:23:42,600
Speaker 1: You could also look on the exchange, the Healthcare Exchange

534
00:23:42,640 --> 00:23:44,920
Speaker 1: to see what you qualify for. And the good news

535
00:23:45,040 --> 00:23:46,520
Speaker 1: is that you can sign up for a plan on

536
00:23:46,640 --> 00:23:49,880
Speaker 1: healthcare dot gov if you lost health insurance from your employer,

537
00:23:50,320 --> 00:23:53,359
Speaker 1: even if it's because you decided to quit. And so

538
00:23:53,520 --> 00:23:56,680
Speaker 1: rates are actually reasonable for a lot of folks thanks

539
00:23:56,680 --> 00:23:59,720
Speaker 1: to massiative federal subsidies. So this is one of the

540
00:23:59,720 --> 00:24:02,480
Speaker 1: things you have a few places that you can look,

541
00:24:02,480 --> 00:24:04,560
Speaker 1: where you can turn. But it's something you want to

542
00:24:04,600 --> 00:24:07,800
Speaker 1: have researched, and you want to know what you're gonna

543
00:24:07,840 --> 00:24:11,280
Speaker 1: do for health coverage before you leave. You don't don't

544
00:24:11,280 --> 00:24:13,320
Speaker 1: want to be left without coverage because that can put

545
00:24:13,359 --> 00:24:16,400
Speaker 1: you in a body exactly. Yeah, So it definitely don't

546
00:24:16,600 --> 00:24:19,119
Speaker 1: leave without health coverage and go skuide Ivan before you

547
00:24:19,160 --> 00:24:21,919
Speaker 1: figure that that's right. Well, as we're talking about insurance,

548
00:24:22,000 --> 00:24:25,040
Speaker 1: something you know this doesn't feel quiet as pressing, but

549
00:24:25,200 --> 00:24:27,720
Speaker 1: it's still important to have, and that is your own

550
00:24:27,760 --> 00:24:31,240
Speaker 1: life insurance policy. The reason is because what you likely

551
00:24:31,280 --> 00:24:33,160
Speaker 1: have for your work is that that is not enough,

552
00:24:33,600 --> 00:24:35,920
Speaker 1: and so it's time to get your own term policy

553
00:24:35,960 --> 00:24:38,399
Speaker 1: by shopping on the open market. Speaking of articles, we've

554
00:24:38,440 --> 00:24:40,160
Speaker 1: got another article that will link to in the show

555
00:24:40,200 --> 00:24:42,520
Speaker 1: notes that will explain to you everything you need to

556
00:24:42,560 --> 00:24:45,360
Speaker 1: know about signing up for your own policy. And by

557
00:24:45,359 --> 00:24:48,919
Speaker 1: the way, do not let the fear of what this

558
00:24:48,960 --> 00:24:51,400
Speaker 1: is going to cost you keep you from seeing what

559
00:24:51,440 --> 00:24:53,840
Speaker 1: life insurance is going to cost you, because it is

560
00:24:53,880 --> 00:24:56,160
Speaker 1: way more affordable than you think, especially if you're young

561
00:24:56,240 --> 00:24:58,680
Speaker 1: and you're healthy. This is something that that might cost

562
00:24:58,720 --> 00:25:01,000
Speaker 1: you in the range of like thirty bucks a month, yeah,

563
00:25:01,000 --> 00:25:03,040
Speaker 1: sometimes even less. Right, it could be closer to a

564
00:25:03,080 --> 00:25:06,200
Speaker 1: Netflix subscription. And and that is an important thing to mention, Matt,

565
00:25:06,240 --> 00:25:08,440
Speaker 1: because even folks who are listening who have a job

566
00:25:08,480 --> 00:25:10,520
Speaker 1: and they're like, I've got life insurance through my employer,

567
00:25:11,000 --> 00:25:14,080
Speaker 1: I don't need another policy, Well, actually that's not true.

568
00:25:14,119 --> 00:25:17,040
Speaker 1: You in all likelihood do because most employers offer you

569
00:25:17,080 --> 00:25:19,960
Speaker 1: something like one time's your salary uh in free life

570
00:25:19,960 --> 00:25:22,240
Speaker 1: insurance and that's not going to be enough for you.

571
00:25:22,480 --> 00:25:24,320
Speaker 1: And so you want to have your own policy in

572
00:25:24,359 --> 00:25:26,440
Speaker 1: addition to that. Let that be the cherry on top,

573
00:25:26,440 --> 00:25:28,200
Speaker 1: but you want to have your own policy that goes

574
00:25:28,560 --> 00:25:31,960
Speaker 1: with you wherever your job takes you, wherever you're working.

575
00:25:32,320 --> 00:25:35,960
Speaker 1: Um and you hear us read for different insurance as

576
00:25:36,680 --> 00:25:39,920
Speaker 1: one in particular that starts with policy, but we would

577
00:25:39,960 --> 00:25:42,080
Speaker 1: under present believe it. This is it really is important.

578
00:25:42,119 --> 00:25:44,719
Speaker 1: And if somebody is out there, someone in your family,

579
00:25:44,960 --> 00:25:46,760
Speaker 1: and they depend on your income, you need to have

580
00:25:46,800 --> 00:25:48,679
Speaker 1: a life insurance and talk about other places where you

581
00:25:48,680 --> 00:25:51,320
Speaker 1: get a life insurance policy to like if your costcome member,

582
00:25:51,320 --> 00:25:52,640
Speaker 1: that's a good place to check. At the same time,

583
00:25:53,119 --> 00:25:56,680
Speaker 1: so let's talk about transitioning to matt because it's important

584
00:25:56,720 --> 00:26:00,760
Speaker 1: to not leave those benefits behind completely when you decide

585
00:26:00,760 --> 00:26:03,320
Speaker 1: to quit, Like this is just another reason to not

586
00:26:03,440 --> 00:26:05,840
Speaker 1: peace out on some sort of emotional win you want

587
00:26:05,840 --> 00:26:08,359
Speaker 1: to have. You'll make that rational decision. That's right. You

588
00:26:08,359 --> 00:26:10,240
Speaker 1: want to have the j plans in place, and and

589
00:26:10,280 --> 00:26:12,119
Speaker 1: there's a lot of stuff you need to have figured

590
00:26:12,119 --> 00:26:14,439
Speaker 1: out first before you walk out the door, and that

591
00:26:14,520 --> 00:26:16,879
Speaker 1: just takes me back to having something else lined up

592
00:26:17,000 --> 00:26:19,240
Speaker 1: before you put in your notice. I mean, that's that's

593
00:26:19,240 --> 00:26:22,000
Speaker 1: the best course of action because maintaining your current job

594
00:26:22,320 --> 00:26:24,439
Speaker 1: it puts you in a stronger position as you're applying

595
00:26:24,440 --> 00:26:26,960
Speaker 1: for the roles. You know you don't have to jump

596
00:26:27,000 --> 00:26:29,720
Speaker 1: at the first offer that comes your way, because let's say, well,

597
00:26:29,760 --> 00:26:31,560
Speaker 1: I've been unemployed now for two and a half months.

598
00:26:31,680 --> 00:26:33,880
Speaker 1: I quit thinking it's gonna be so easy to find

599
00:26:33,880 --> 00:26:36,480
Speaker 1: the next thing. Sometimes even just onboarding to a new

600
00:26:36,480 --> 00:26:39,200
Speaker 1: employer takes a while. I'm talking with a friend across

601
00:26:39,200 --> 00:26:42,000
Speaker 1: the street and she is getting a new job, but

602
00:26:42,160 --> 00:26:44,320
Speaker 1: lining up all the details is proving to take more

603
00:26:44,320 --> 00:26:46,960
Speaker 1: time than she thought, and so herr she's still got

604
00:26:46,960 --> 00:26:49,280
Speaker 1: her job. She hasn't put in her notice yet, she's

605
00:26:49,400 --> 00:26:52,119
Speaker 1: still waiting until they have an official offer sign. Did

606
00:26:52,119 --> 00:26:54,320
Speaker 1: they ask her to mail a check to this uh,

607
00:26:54,359 --> 00:26:56,240
Speaker 1: to this address? Or actually did they send her a

608
00:26:56,359 --> 00:26:58,200
Speaker 1: check for all of her new equipment and uh? And

609
00:26:58,240 --> 00:27:00,320
Speaker 1: then they're like, oh, I'm sorry, we overpaid. Can you

610
00:27:00,359 --> 00:27:03,439
Speaker 1: send us a cho like that? No scams here with

611
00:27:03,520 --> 00:27:06,240
Speaker 1: this with this new role, you want to avoid that job, right,

612
00:27:06,320 --> 00:27:08,439
Speaker 1: But the really the best thing to do is to

613
00:27:08,520 --> 00:27:11,199
Speaker 1: keep your job until you have something else lined up,

614
00:27:11,600 --> 00:27:14,159
Speaker 1: and and sometimes having that other job offer can actually

615
00:27:14,200 --> 00:27:17,640
Speaker 1: result in something like a salary match from your carent employer,

616
00:27:17,680 --> 00:27:19,320
Speaker 1: giving you a big pay boots without even having to

617
00:27:19,400 --> 00:27:22,000
Speaker 1: leave if you don't want to. And of course another

618
00:27:22,040 --> 00:27:24,879
Speaker 1: benefit to keeping your job while you're looking is that

619
00:27:25,000 --> 00:27:27,480
Speaker 1: it helps you avoid a gap in your resume. It's

620
00:27:27,520 --> 00:27:29,440
Speaker 1: not the worst thing in the world, I think, especially

621
00:27:29,520 --> 00:27:31,920
Speaker 1: these days with COVID and stuff, employers don't seem to

622
00:27:32,000 --> 00:27:33,879
Speaker 1: care as much that maybe you took a couple of

623
00:27:33,920 --> 00:27:37,760
Speaker 1: months off is becoming a bit more acceptable. Yes, agreed,

624
00:27:37,840 --> 00:27:39,760
Speaker 1: but still it's one of those things that you can avoid.

625
00:27:39,960 --> 00:27:42,480
Speaker 1: And it's also just gonna mean consistency of income. Like

626
00:27:42,520 --> 00:27:45,400
Speaker 1: you're not losing any paycheck weeks as long as you're

627
00:27:45,440 --> 00:27:48,520
Speaker 1: waiting to quit your job until you've got a new

628
00:27:48,520 --> 00:27:50,760
Speaker 1: one in hand, that's right, man. It is a little

629
00:27:50,760 --> 00:27:53,320
Speaker 1: different though, if you're leaving your current job your current

630
00:27:53,359 --> 00:27:55,840
Speaker 1: employer for a side hustle that might be becoming a

631
00:27:55,880 --> 00:27:59,359
Speaker 1: little more self sustaining, you still want to leave on

632
00:27:59,400 --> 00:28:02,399
Speaker 1: good terms, of course, for instance, that side hustle that

633
00:28:02,480 --> 00:28:04,920
Speaker 1: might fizzle out and your old employer might be your

634
00:28:04,960 --> 00:28:07,280
Speaker 1: best bet for steady employment. Like we like we talked

635
00:28:07,320 --> 00:28:09,960
Speaker 1: about like that boomerang employment and you if you walked

636
00:28:09,960 --> 00:28:12,280
Speaker 1: out with two birds up in the air, they're not

637
00:28:12,280 --> 00:28:15,000
Speaker 1: gonna want you back. They're gonna be like, mmm, I'm sorry,

638
00:28:15,960 --> 00:28:18,240
Speaker 1: no place for you here. But it is important to

639
00:28:18,280 --> 00:28:20,920
Speaker 1: note that entrepreneurship it's a great reason to leave a job.

640
00:28:20,960 --> 00:28:23,840
Speaker 1: And this is exactly what more folks are doing these days.

641
00:28:23,880 --> 00:28:25,760
Speaker 1: They haven't been quitting in order to just sit on

642
00:28:25,760 --> 00:28:28,840
Speaker 1: the couch or to to live that hashtag van life.

643
00:28:29,320 --> 00:28:31,240
Speaker 1: For the most part, they're leaving to go out on

644
00:28:31,280 --> 00:28:33,199
Speaker 1: their own. And so if you're leaving to start your

645
00:28:33,200 --> 00:28:35,440
Speaker 1: own thing, more power to you. Just make sure that

646
00:28:35,520 --> 00:28:37,840
Speaker 1: you've got a proven business model, You've got money in

647
00:28:37,840 --> 00:28:41,400
Speaker 1: the bank before you leave that steady paycheck behind. Yeah

648
00:28:41,560 --> 00:28:43,920
Speaker 1: you you, I like what you said, a proven business model.

649
00:28:43,960 --> 00:28:45,960
Speaker 1: You want to make sure that your side hustle, it's

650
00:28:46,000 --> 00:28:48,640
Speaker 1: not just puyeing the guy Like I have projections in

651
00:28:48,680 --> 00:28:51,800
Speaker 1: the next six months, I'm going to be able to live, uh,

652
00:28:51,800 --> 00:28:53,600
Speaker 1: and to feed my family and to pay all my bills.

653
00:28:53,920 --> 00:28:57,280
Speaker 1: Based on the trajectory of the profit increases I'm seeing

654
00:28:57,440 --> 00:28:59,600
Speaker 1: you kind of want to get to that point before

655
00:28:59,640 --> 00:29:01,320
Speaker 1: you pull the trigger. And I know it can be

656
00:29:01,360 --> 00:29:04,080
Speaker 1: tough to to balance both things, your day job and

657
00:29:04,120 --> 00:29:07,320
Speaker 1: your side hustle for an extended period of time, but

658
00:29:07,400 --> 00:29:09,480
Speaker 1: I think it's worth it, and it's it's gonna allow

659
00:29:09,520 --> 00:29:12,760
Speaker 1: you to to quit with more financial security, right without

660
00:29:12,840 --> 00:29:16,040
Speaker 1: having to worry while you're making income from both ventures.

661
00:29:16,040 --> 00:29:18,920
Speaker 1: You can stock more money away to give you extra

662
00:29:19,080 --> 00:29:21,280
Speaker 1: breathing room when you do finally quit your job. I

663
00:29:21,280 --> 00:29:23,240
Speaker 1: think it's I think it's great advice. I think also

664
00:29:23,480 --> 00:29:25,719
Speaker 1: pursuing that side hustle and trying to strike it out

665
00:29:25,760 --> 00:29:27,400
Speaker 1: on your own is something is something we want to

666
00:29:27,440 --> 00:29:29,920
Speaker 1: encourage people to think about. We think there is a

667
00:29:29,960 --> 00:29:32,600
Speaker 1: whole lot to be said for starting your own business

668
00:29:32,760 --> 00:29:35,000
Speaker 1: and making that your main thing. Actually, we're gonna talking

669
00:29:35,000 --> 00:29:36,920
Speaker 1: about the next week on the show, aren't we. That's right.

670
00:29:37,200 --> 00:29:39,760
Speaker 1: So we have talked through some of the different tangible,

671
00:29:39,880 --> 00:29:43,440
Speaker 1: hard specifics to consider some of the numbers and how

672
00:29:43,480 --> 00:29:45,520
Speaker 1: you need to keep your salary in mind. But after

673
00:29:45,560 --> 00:29:48,320
Speaker 1: the break, we're gonna talk about some of the more relational,

674
00:29:48,720 --> 00:29:51,680
Speaker 1: some of the more social implications of quitting your job.

675
00:29:51,760 --> 00:29:53,920
Speaker 1: The right way, and we'll get to that right after this.

676
00:30:03,040 --> 00:30:05,040
Speaker 1: It's alright, Matt, we are back. We are still talking

677
00:30:05,080 --> 00:30:06,840
Speaker 1: about quitting your job, doing it the right way. We're

678
00:30:06,880 --> 00:30:09,480
Speaker 1: still talking. We're still enjoying our beer. We talking to

679
00:30:09,560 --> 00:30:11,920
Speaker 1: drink beer a lot. And one of the things actually

680
00:30:11,960 --> 00:30:13,640
Speaker 1: we'll get to in in this section of the show

681
00:30:14,000 --> 00:30:16,640
Speaker 1: is how you can maybe get paid to quit. That's interesting.

682
00:30:16,680 --> 00:30:18,560
Speaker 1: We'll talk about that in just a minute. But yeah,

683
00:30:18,560 --> 00:30:21,280
Speaker 1: we were just talking through salary and the specific benefits

684
00:30:21,320 --> 00:30:23,680
Speaker 1: that you want to consider before you quit. You want

685
00:30:23,680 --> 00:30:25,760
Speaker 1: to make sure you don't leave money on the table

686
00:30:25,840 --> 00:30:28,280
Speaker 1: or leave those vacation days on the table. And then

687
00:30:28,640 --> 00:30:30,680
Speaker 1: right before the break, we discussed how to bridge the

688
00:30:30,720 --> 00:30:34,240
Speaker 1: gap from one job to another and how to transition

689
00:30:34,280 --> 00:30:37,120
Speaker 1: well basically, so let's continue on that thread and talk

690
00:30:37,160 --> 00:30:39,520
Speaker 1: about giving your notice because you don't want to just

691
00:30:39,600 --> 00:30:42,520
Speaker 1: not show up for work one day. It's actually reminds

692
00:30:42,560 --> 00:30:44,280
Speaker 1: me of a job I had. I think one of

693
00:30:44,280 --> 00:30:46,160
Speaker 1: my favorite jobs of all time. Your favorite job was

694
00:30:46,160 --> 00:30:49,200
Speaker 1: working out the photo lab. This is a but yeah,

695
00:30:49,240 --> 00:30:51,800
Speaker 1: the Ecord Photo Lab was was my favorite favorite job ever.

696
00:30:51,840 --> 00:30:54,080
Speaker 1: And I worked there with my buddy Caleb, and he

697
00:30:54,240 --> 00:30:56,840
Speaker 1: actually quit in a really interesting way. He just left

698
00:30:56,840 --> 00:31:00,160
Speaker 1: a note under the photo scanner for the manager, came

699
00:31:00,160 --> 00:31:03,320
Speaker 1: in the next morning saying I'm never coming back, and

700
00:31:03,320 --> 00:31:06,560
Speaker 1: and so, yeah, quitting in that way isn't going to

701
00:31:06,760 --> 00:31:09,600
Speaker 1: endear you to anyone, and in fact, that's potentially the

702
00:31:09,640 --> 00:31:11,440
Speaker 1: worst way you can quit. I guess when you're when

703
00:31:11,480 --> 00:31:13,440
Speaker 1: you're eighteen years old, it's not as big of a deal.

704
00:31:13,480 --> 00:31:16,240
Speaker 1: It doesn't impact your career long term, probably doesn't matter

705
00:31:16,280 --> 00:31:18,800
Speaker 1: as much, although I would say I think like stealing

706
00:31:18,800 --> 00:31:22,000
Speaker 1: from the company, embezzling funds, that might be the worst. True.

707
00:31:22,080 --> 00:31:24,320
Speaker 1: By the way I stole all this money, good luck

708
00:31:24,440 --> 00:31:26,880
Speaker 1: tracing it because I've got Swiss bank account. It doesn't

709
00:31:26,880 --> 00:31:30,840
Speaker 1: have as much flair though, as as like the flight attendant,

710
00:31:30,960 --> 00:31:32,680
Speaker 1: you know, with the with the two peers. That's still

711
00:31:32,720 --> 00:31:35,120
Speaker 1: my favorite. But yeah, doing something like this, probably a

712
00:31:35,160 --> 00:31:38,280
Speaker 1: stunt like this can potentially haunt you for years. In

713
00:31:38,360 --> 00:31:40,600
Speaker 1: more of a career type environment, just not showing up,

714
00:31:40,880 --> 00:31:44,000
Speaker 1: not giving a reasonable notice, you're just showing a lack

715
00:31:44,000 --> 00:31:47,040
Speaker 1: of respect for your coworkers and for your bosses. Again,

716
00:31:47,120 --> 00:31:49,120
Speaker 1: so much of this is about not being a jerk,

717
00:31:49,560 --> 00:31:51,920
Speaker 1: and so when it comes to just giving a notice,

718
00:31:51,960 --> 00:31:54,520
Speaker 1: you know, it depends on your industry, or your employer,

719
00:31:54,920 --> 00:31:57,760
Speaker 1: or even the specific role that you play at the company.

720
00:31:57,960 --> 00:31:59,400
Speaker 1: While keeping all of those things in mind, you want

721
00:31:59,400 --> 00:32:01,560
Speaker 1: to give the appropri at length of time as a

722
00:32:01,600 --> 00:32:03,960
Speaker 1: heads up. Of course, two weeks. That's the standard length

723
00:32:04,000 --> 00:32:06,200
Speaker 1: of time that you'll read in any article. And I

724
00:32:06,280 --> 00:32:08,200
Speaker 1: know that you can't always do this when quitting, but

725
00:32:08,240 --> 00:32:11,000
Speaker 1: if you can actually offer more than two weeks, that

726
00:32:11,040 --> 00:32:13,840
Speaker 1: can actually reflect really well on you. Obviously, if you've

727
00:32:13,840 --> 00:32:16,400
Speaker 1: got a new position already lined up that you're transitioning to,

728
00:32:16,600 --> 00:32:20,880
Speaker 1: that might become a basic impossibility because they're like, hey,

729
00:32:20,920 --> 00:32:24,000
Speaker 1: you gotta start start on X day, and in that case,

730
00:32:24,000 --> 00:32:25,720
Speaker 1: you're gonna have to get out of there, maybe sooner

731
00:32:25,760 --> 00:32:27,800
Speaker 1: than later. But those are the kind of gestures that

732
00:32:27,840 --> 00:32:30,880
Speaker 1: go a really long way in keeping that network intact.

733
00:32:30,960 --> 00:32:32,920
Speaker 1: We you know, we touched on this. We kind of

734
00:32:33,000 --> 00:32:35,200
Speaker 1: keep coming back to relationships because it's such an important

735
00:32:35,200 --> 00:32:38,480
Speaker 1: part of your career of working. For instance, it makes

736
00:32:38,480 --> 00:32:40,960
Speaker 1: me think about helping to finish an important report, or

737
00:32:41,000 --> 00:32:44,360
Speaker 1: like spending a week or even two weeks training your replacement.

738
00:32:44,440 --> 00:32:46,600
Speaker 1: These are the kind of things that will be remembered

739
00:32:46,640 --> 00:32:48,680
Speaker 1: because you never know, like when that boss or when

740
00:32:48,680 --> 00:32:51,280
Speaker 1: that coworker might reach back out with an even better

741
00:32:51,360 --> 00:32:53,920
Speaker 1: offer in the future. But that only is going to

742
00:32:54,000 --> 00:32:56,880
Speaker 1: happen if you do a good job departing. Yeah, I

743
00:32:56,920 --> 00:33:00,000
Speaker 1: completely agree, and and stay in touch even with four

744
00:33:00,080 --> 00:33:04,320
Speaker 1: or coworkers or former bosses, those can provide excellent opportunities

745
00:33:04,360 --> 00:33:06,680
Speaker 1: for you in the future too. Instead of treating those

746
00:33:06,720 --> 00:33:10,200
Speaker 1: people merely as colleagues, treating them as friends who you

747
00:33:10,200 --> 00:33:12,760
Speaker 1: stay in touch with can be helpful from a career perspective.

748
00:33:12,800 --> 00:33:14,560
Speaker 1: And man, it just makes me think, Actually, I've got

749
00:33:14,640 --> 00:33:18,440
Speaker 1: had multiple opportunities recently from old coworkers just because I

750
00:33:18,440 --> 00:33:21,920
Speaker 1: stayed in touch and just because we remain friendly. Even

751
00:33:21,960 --> 00:33:24,040
Speaker 1: just an old coworker who said, hey, do you need

752
00:33:24,080 --> 00:33:25,960
Speaker 1: some baby clothes for your two and a half year old?

753
00:33:26,440 --> 00:33:28,880
Speaker 1: My boys four now, and like I'll drop them off

754
00:33:28,920 --> 00:33:31,000
Speaker 1: on your porch. It's just even little stuff like that,

755
00:33:31,040 --> 00:33:33,440
Speaker 1: Like that's a minor thing, that's small in the grand

756
00:33:33,480 --> 00:33:37,000
Speaker 1: scheme of things. But maintaining those relationships, you never know

757
00:33:37,200 --> 00:33:38,880
Speaker 1: where it's going to take you or what sort of

758
00:33:38,880 --> 00:33:42,120
Speaker 1: opportunity might come your way because you're not only left

759
00:33:42,160 --> 00:33:44,600
Speaker 1: on good terms, but you've remained friendly with those folks

760
00:33:44,600 --> 00:33:46,840
Speaker 1: and you stay in touch. So it's one of those things. Yeah,

761
00:33:46,880 --> 00:33:49,840
Speaker 1: like Jordan Harbinger says, like dig the well before you're thirsty,

762
00:33:50,000 --> 00:33:53,760
Speaker 1: will maintain those friendships even without expecting anything in return,

763
00:33:54,040 --> 00:33:55,959
Speaker 1: but just knowing that it's the right thing to do,

764
00:33:56,040 --> 00:33:58,080
Speaker 1: and who knows what the result of that could be.

765
00:33:58,280 --> 00:33:59,840
Speaker 1: That's true, dude. It also makes me think how it

766
00:34:00,040 --> 00:34:02,920
Speaker 1: might be more difficult for introverts to maintain this when

767
00:34:03,320 --> 00:34:07,000
Speaker 1: relationships might be more taxing on them and like in

768
00:34:07,040 --> 00:34:09,120
Speaker 1: your energy. And so I guess what I'm saying is,

769
00:34:09,160 --> 00:34:10,879
Speaker 1: if you're listening to this and you're thinking, yeah, easy

770
00:34:10,880 --> 00:34:13,359
Speaker 1: for you to say Joel that, oh yeah, I'm gonna

771
00:34:13,440 --> 00:34:15,440
Speaker 1: keep in touch with twenty five different people who I'm

772
00:34:15,440 --> 00:34:17,680
Speaker 1: not gonna see anytimes, it is easier for me to

773
00:34:17,680 --> 00:34:19,640
Speaker 1: say how it is. But but that being said, it's

774
00:34:19,920 --> 00:34:22,280
Speaker 1: doesn't mean it's not any less important if you're listening

775
00:34:22,280 --> 00:34:23,839
Speaker 1: and you're an introvert. And so I think there are

776
00:34:23,880 --> 00:34:27,040
Speaker 1: ways that you can approach this, maybe more systematically, even

777
00:34:27,080 --> 00:34:29,640
Speaker 1: if it's just a calendar reminder or something where that

778
00:34:29,680 --> 00:34:32,040
Speaker 1: reminds you to go back and just shoot a quick message,

779
00:34:32,280 --> 00:34:34,320
Speaker 1: whether it be a text or an email to touch

780
00:34:34,440 --> 00:34:36,160
Speaker 1: base with folks. I think that can be a way

781
00:34:36,200 --> 00:34:37,839
Speaker 1: that you can keep in touch with some of these

782
00:34:37,840 --> 00:34:40,040
Speaker 1: folks without it filling up your calendar and feeling like,

783
00:34:40,080 --> 00:34:42,120
Speaker 1: you know, you have no time to yourself if you're

784
00:34:42,160 --> 00:34:45,600
Speaker 1: an introvert. And so, as we're talking about communication in

785
00:34:45,640 --> 00:34:48,760
Speaker 1: particular with your employeer, hopefully your company has a policy

786
00:34:48,760 --> 00:34:51,960
Speaker 1: in place where they solicit your feedback once you've decided

787
00:34:52,000 --> 00:34:53,640
Speaker 1: to move on. And so it makes me think like

788
00:34:53,640 --> 00:34:55,600
Speaker 1: there are there are two paths that you can take

789
00:34:56,120 --> 00:34:59,400
Speaker 1: when it comes to leaving a previous employer. You can also,

790
00:34:59,440 --> 00:35:00,840
Speaker 1: on one hand, you can slam the door. You can

791
00:35:00,880 --> 00:35:03,440
Speaker 1: stom out of there and a huff calling out everything

792
00:35:03,480 --> 00:35:07,040
Speaker 1: wrong with a company with the leadership, with your direct supervisors,

793
00:35:07,440 --> 00:35:11,320
Speaker 1: drinking two beers. You can even talk smack about Toby

794
00:35:11,560 --> 00:35:16,200
Speaker 1: in ah hr Uh's the worst. Or you could potentially

795
00:35:16,280 --> 00:35:18,399
Speaker 1: take the like more of the apathetic route right where

796
00:35:18,400 --> 00:35:20,759
Speaker 1: you fail to address any of the issues that the

797
00:35:20,760 --> 00:35:23,720
Speaker 1: company might be facing. You're being nice, but you avoid

798
00:35:23,760 --> 00:35:27,080
Speaker 1: any difficult conversations. We don't like either one of those routes.

799
00:35:27,400 --> 00:35:30,640
Speaker 1: We think that honesty is it truly is the best policy.

800
00:35:30,680 --> 00:35:33,520
Speaker 1: But there's also a way to be honest without pissing

801
00:35:33,520 --> 00:35:35,759
Speaker 1: people off, right, Like without being a jerk. So much

802
00:35:35,760 --> 00:35:38,640
Speaker 1: of this discussion today is about just not being a jerk.

803
00:35:39,040 --> 00:35:41,240
Speaker 1: And so keep in mind that you're on his feedback

804
00:35:41,280 --> 00:35:44,880
Speaker 1: that it could actually help your former employer as you

805
00:35:44,920 --> 00:35:46,799
Speaker 1: head for the exit. But you know, remember that there's

806
00:35:46,920 --> 00:35:49,799
Speaker 1: a kind way to give that honest feedback. Yes, and

807
00:35:49,880 --> 00:35:52,680
Speaker 1: that is a skill that's important to learn, right, It's

808
00:35:52,840 --> 00:35:55,880
Speaker 1: that emotional intelligence, I guess is what that's called. Just

809
00:35:55,920 --> 00:35:59,680
Speaker 1: avoid any statement that says you always do that. That

810
00:35:59,719 --> 00:36:01,520
Speaker 1: should should be a red flag that what you're saying

811
00:36:01,640 --> 00:36:02,960
Speaker 1: may not be true, you know, and avoid that in

812
00:36:03,000 --> 00:36:05,960
Speaker 1: your personal relationships to and you're with your partner. Sorts

813
00:36:05,960 --> 00:36:11,440
Speaker 1: of advice, how the money today? Right? And yeah, continuing

814
00:36:11,480 --> 00:36:13,120
Speaker 1: on the networking theme. Now, we've given a lot of

815
00:36:13,160 --> 00:36:16,120
Speaker 1: advice in this episode, but I don't think there's any

816
00:36:16,239 --> 00:36:19,360
Speaker 1: anything more important than maybe this one phrase, which is

817
00:36:19,400 --> 00:36:22,359
Speaker 1: to not burn bridges. Yeah, that's basically what we're saying.

818
00:36:22,360 --> 00:36:24,160
Speaker 1: But right now, I feel like it's so common to

819
00:36:24,160 --> 00:36:26,279
Speaker 1: actually take the opposite attack. There are so many I

820
00:36:26,360 --> 00:36:29,319
Speaker 1: quit on social media videos. It's a terrible trend that

821
00:36:29,360 --> 00:36:33,040
Speaker 1: I talk seeing. We talked about quit talk. Yeah, people like,

822
00:36:33,080 --> 00:36:35,080
Speaker 1: here's why I quit. It's the worst. And they're throwing

823
00:36:35,120 --> 00:36:36,759
Speaker 1: people under the bus on their way out the door.

824
00:36:37,120 --> 00:36:39,520
Speaker 1: And you know, we started off by talking about networking,

825
00:36:39,520 --> 00:36:41,560
Speaker 1: how important it is and how it can't be overstated.

826
00:36:41,800 --> 00:36:43,160
Speaker 1: And you know, they say, it's not what you know,

827
00:36:43,239 --> 00:36:45,160
Speaker 1: it's who you know. But I don't even think it's that.

828
00:36:45,200 --> 00:36:46,520
Speaker 1: I don't even think it's who you know. I think

829
00:36:46,560 --> 00:36:49,239
Speaker 1: it's who you have a good relationship with. Right And

830
00:36:49,560 --> 00:36:52,959
Speaker 1: according to HubSpot, eighty five percent of jobs are found

831
00:36:52,960 --> 00:36:56,279
Speaker 1: through networking. And then CNBC actually reports that seventy percent

832
00:36:56,360 --> 00:36:59,200
Speaker 1: of jobs never even get posted to some sort of

833
00:36:59,280 --> 00:37:01,960
Speaker 1: job site, and and that means that they don't necessarily

834
00:37:02,000 --> 00:37:05,000
Speaker 1: go This job isn't going to the best candidate out there.

835
00:37:05,320 --> 00:37:07,680
Speaker 1: There aren't even multiple candidates in many of these scenarios.

836
00:37:08,200 --> 00:37:11,280
Speaker 1: This job that was created for a specific person because

837
00:37:11,320 --> 00:37:13,960
Speaker 1: of their abilities and because of their connections, and so

838
00:37:14,320 --> 00:37:17,560
Speaker 1: that's just so important. These numbers reflect the truth that

839
00:37:17,680 --> 00:37:20,280
Speaker 1: your career is as powerful as your network is and

840
00:37:20,280 --> 00:37:23,040
Speaker 1: and how well maintained that network is. And you might

841
00:37:23,080 --> 00:37:26,040
Speaker 1: find a job that's not even posted purely because of

842
00:37:26,080 --> 00:37:28,240
Speaker 1: the people you know and who you have good friendships

843
00:37:28,280 --> 00:37:30,480
Speaker 1: with and so when it comes to networking, like you've

844
00:37:30,480 --> 00:37:32,120
Speaker 1: got to get to know I would say, a wide

845
00:37:32,160 --> 00:37:35,480
Speaker 1: variety of other folks in your industry and build close

846
00:37:35,480 --> 00:37:38,440
Speaker 1: relationships with the people that you work in close contact

847
00:37:38,480 --> 00:37:40,960
Speaker 1: with if you want to shot at bigger opportunities in

848
00:37:40,960 --> 00:37:44,200
Speaker 1: the future. It's like a personal marketing plan. Basically, it's

849
00:37:44,200 --> 00:37:46,400
Speaker 1: like outreach to those around you. Not only are you

850
00:37:46,440 --> 00:37:48,359
Speaker 1: focusing on like the work that you're doing, but you're talking,

851
00:37:48,360 --> 00:37:49,839
Speaker 1: You're you're kind of looking at the marketing. You're looking

852
00:37:49,840 --> 00:37:52,000
Speaker 1: at the pr is the is your personal advertising to

853
00:37:52,040 --> 00:37:54,399
Speaker 1: a certain expense, right, And sometimes you think, well, I'm

854
00:37:54,440 --> 00:37:57,120
Speaker 1: gonna let my work speak for itself, And well, I

855
00:37:57,160 --> 00:37:59,200
Speaker 1: get that sentiment. If I just you know, put my

856
00:37:59,200 --> 00:38:02,680
Speaker 1: nose to the grindstone, if I put out excellent, excellent work,

857
00:38:02,840 --> 00:38:05,320
Speaker 1: people will notice it and I will go far. There's

858
00:38:05,360 --> 00:38:08,480
Speaker 1: some truth to that, but you're missing a wider spectrum

859
00:38:08,680 --> 00:38:11,360
Speaker 1: of what is also truth, and that is that the

860
00:38:11,360 --> 00:38:13,879
Speaker 1: people that you know and the people you maintain good

861
00:38:13,880 --> 00:38:16,520
Speaker 1: relationships with will want to work with you, will want

862
00:38:16,520 --> 00:38:19,520
Speaker 1: to suggest you for future opportunities to other people that

863
00:38:19,560 --> 00:38:22,759
Speaker 1: you don't even know, in large part because of the

864
00:38:22,800 --> 00:38:25,520
Speaker 1: relationship they have with you, not just based on the

865
00:38:25,560 --> 00:38:27,399
Speaker 1: work that you do. That's right, Let's let's talk about

866
00:38:27,400 --> 00:38:29,279
Speaker 1: geting paid to quit. This is one other thing that's

867
00:38:29,280 --> 00:38:31,080
Speaker 1: important to mention when it comes to quitting your job.

868
00:38:31,239 --> 00:38:33,839
Speaker 1: And this might sound weird, but you know, can you

869
00:38:33,920 --> 00:38:37,000
Speaker 1: engineer your own layoff? The great thing about getting laid

870
00:38:37,000 --> 00:38:40,880
Speaker 1: off here is that there are often meaningful perks involved. Uh. Namely,

871
00:38:40,920 --> 00:38:43,320
Speaker 1: what we're talking about here is severance pay Sam Dogan,

872
00:38:43,440 --> 00:38:46,880
Speaker 1: who writes that Financial Samurai. He has written in depth

873
00:38:46,960 --> 00:38:50,200
Speaker 1: about this topic. But there's often a way to create

874
00:38:50,719 --> 00:38:53,239
Speaker 1: what's considered like a win win situation when you have

875
00:38:53,280 --> 00:38:56,160
Speaker 1: to leave your employer. Sam says that people quit because

876
00:38:56,160 --> 00:38:59,439
Speaker 1: they're too scared to negotiate. And I'm not totally sure

877
00:38:59,440 --> 00:39:02,520
Speaker 1: if I agree with that, because it doesn't necessarily make

878
00:39:02,560 --> 00:39:05,080
Speaker 1: sense in every situation. But if you can tell that

879
00:39:05,160 --> 00:39:08,600
Speaker 1: your company is looking to downsize, or that by cutting

880
00:39:08,600 --> 00:39:11,239
Speaker 1: payroll that that would make your boss look good, don't

881
00:39:11,280 --> 00:39:13,319
Speaker 1: just quit. This is a way that you can negotiate

882
00:39:13,400 --> 00:39:15,759
Speaker 1: an exit that helps you both out. And it makes

883
00:39:15,760 --> 00:39:17,440
Speaker 1: me think of a friend of our, jeninal Uh. And

884
00:39:17,520 --> 00:39:20,600
Speaker 1: she was working for Delta for years and years and back,

885
00:39:20,920 --> 00:39:23,440
Speaker 1: you know, things weren't looking so great for the airline

886
00:39:23,760 --> 00:39:27,640
Speaker 1: that I don't remember. And by the end of Delta

887
00:39:28,040 --> 00:39:31,960
Speaker 1: was able to get over eighteen thousand employees to voluntarily

888
00:39:32,280 --> 00:39:35,920
Speaker 1: retire early, essentially with early retirement packages with buy backs. Uh.

889
00:39:35,960 --> 00:39:39,320
Speaker 1: And so I think from an employee standpoint, you think, oh,

890
00:39:39,800 --> 00:39:42,919
Speaker 1: holy cow, I feel like I'm totally taking advantage of them.

891
00:39:42,920 --> 00:39:45,040
Speaker 1: This almost seems too good to be true. I think

892
00:39:45,040 --> 00:39:46,920
Speaker 1: in her pace, in her case, she was getting paid

893
00:39:46,920 --> 00:39:49,880
Speaker 1: close to a year in order to to leave the company.

894
00:39:50,000 --> 00:39:51,080
Speaker 1: But when you look at it from the point of

895
00:39:51,160 --> 00:39:53,920
Speaker 1: view of the employer, this was a smart move for them.

896
00:39:53,960 --> 00:39:55,520
Speaker 1: This was a way for them to stay solid, for

897
00:39:55,520 --> 00:39:57,640
Speaker 1: them to not file bankruptcy. And so in that case,

898
00:39:57,840 --> 00:40:00,600
Speaker 1: this truly was a win win scenario. So keep that

899
00:40:00,640 --> 00:40:02,400
Speaker 1: in mind if you are in a situation like this

900
00:40:02,440 --> 00:40:05,960
Speaker 1: where your company might be experiencing some issues like if

901
00:40:05,960 --> 00:40:07,640
Speaker 1: you offer to pay me for a year to leave,

902
00:40:07,719 --> 00:40:10,640
Speaker 1: I will be devastated because how the money is my life? Matthew,

903
00:40:10,719 --> 00:40:12,840
Speaker 1: don't do it, okay, but I just that's that's obviously

904
00:40:12,880 --> 00:40:16,760
Speaker 1: not gonna happen. But I did actually negotiate a severance package.

905
00:40:16,800 --> 00:40:19,440
Speaker 1: Matt on my way out of the radio station a

906
00:40:19,480 --> 00:40:21,520
Speaker 1: couple of years ago, and it was one of those

907
00:40:21,520 --> 00:40:24,120
Speaker 1: things where, similarly to what you were saying, it was

908
00:40:24,120 --> 00:40:26,799
Speaker 1: an industry in decline and they were letting people go,

909
00:40:26,960 --> 00:40:30,560
Speaker 1: and so I volunteered myself. I volunteers tribute I do

910
00:40:30,680 --> 00:40:33,279
Speaker 1: if if it saves somebody else, and you're gonna pay

911
00:40:33,360 --> 00:40:35,000
Speaker 1: me to leave, like, I'm more than happy to do it.

912
00:40:35,160 --> 00:40:36,719
Speaker 1: And so that's how it went down. It was one

913
00:40:36,719 --> 00:40:39,759
Speaker 1: of those things where it was the term you use

914
00:40:39,840 --> 00:40:42,560
Speaker 1: was engineering your own layoff, and that's exactly exactly what

915
00:40:42,600 --> 00:40:44,520
Speaker 1: I did. And and of course it was beneficial to

916
00:40:44,640 --> 00:40:47,040
Speaker 1: me as I was making the transition here, but I

917
00:40:47,040 --> 00:40:49,520
Speaker 1: think it was beneficial to other people at the radio

918
00:40:49,560 --> 00:40:51,960
Speaker 1: station to It really was one of those win win scenarios.

919
00:40:52,000 --> 00:40:54,040
Speaker 1: Maybe think about this as you're talking about how how

920
00:40:54,040 --> 00:40:57,880
Speaker 1: the money is your life. Work is great, but it

921
00:40:58,239 --> 00:41:00,759
Speaker 1: is not the end all the all whoa who had

922
00:41:00,760 --> 00:41:03,120
Speaker 1: the money is the end? I'll be all. I feel

923
00:41:03,120 --> 00:41:06,120
Speaker 1: like we take a very healthy, uh nuanced approach when

924
00:41:06,120 --> 00:41:08,160
Speaker 1: it comes to how it is that we view work.

925
00:41:08,600 --> 00:41:10,799
Speaker 1: But over work like that is a real thing and

926
00:41:10,840 --> 00:41:14,040
Speaker 1: it's not good. It's happening more often we talked about

927
00:41:14,040 --> 00:41:16,239
Speaker 1: Scott Kay's a couple weeks ago about the lack of

928
00:41:16,320 --> 00:41:19,200
Speaker 1: vacations that folks are taking that is not good. It

929
00:41:19,200 --> 00:41:21,040
Speaker 1: makes me think of a piece that Derrick Thompson wrote

930
00:41:21,040 --> 00:41:24,160
Speaker 1: over in The Atlantic a few years ago. He talks

931
00:41:24,160 --> 00:41:26,839
Speaker 1: about how work is morphing into something that looks more

932
00:41:26,880 --> 00:41:30,040
Speaker 1: like religious identity for for most folks, as opposed to

933
00:41:30,160 --> 00:41:32,360
Speaker 1: just a job. And the problem is that work, it

934
00:41:32,480 --> 00:41:35,919
Speaker 1: can't satisfy all of our human longings, but it does

935
00:41:35,960 --> 00:41:39,040
Speaker 1: feel like that we're expecting it to these days, right, Uh.

936
00:41:39,080 --> 00:41:40,759
Speaker 1: And So, like, I think one of the answers is

937
00:41:40,880 --> 00:41:43,040
Speaker 1: perhaps to be a little more introspective, like takes some

938
00:41:43,120 --> 00:41:45,239
Speaker 1: time and to think about why what it is, what

939
00:41:45,400 --> 00:41:47,279
Speaker 1: it is that you get from your work, why it

940
00:41:47,360 --> 00:41:49,239
Speaker 1: is that you're doing the things that you do. And

941
00:41:49,280 --> 00:41:50,920
Speaker 1: I do think that a lot of folks did that

942
00:41:50,960 --> 00:41:52,880
Speaker 1: over the past couple of years. I think that's what's

943
00:41:52,920 --> 00:41:57,200
Speaker 1: led to the great resignation to the priorities exactly. There's

944
00:41:57,200 --> 00:42:01,759
Speaker 1: been this sea change that we've seen within many people's careers. Uh.

945
00:42:01,760 --> 00:42:03,840
Speaker 1: And oftentimes that does lead to a new job. But

946
00:42:03,880 --> 00:42:05,840
Speaker 1: what we don't want to see you do is to

947
00:42:06,680 --> 00:42:08,839
Speaker 1: is to see a new job as just as a distraction.

948
00:42:09,120 --> 00:42:11,200
Speaker 1: We don't want it to be this knee jerk reaction

949
00:42:11,480 --> 00:42:13,920
Speaker 1: because in that case, you're not actually getting down to

950
00:42:14,000 --> 00:42:17,440
Speaker 1: the root of the problem. You're just reflexively reacting to things,

951
00:42:17,680 --> 00:42:20,799
Speaker 1: as opposed to being more introspective, really thinking about what

952
00:42:20,840 --> 00:42:23,120
Speaker 1: it is that you're trying to to seek after. Because

953
00:42:23,160 --> 00:42:25,000
Speaker 1: if you just hot from one job to the next,

954
00:42:25,040 --> 00:42:27,160
Speaker 1: like essentially you're just going to hop from your old

955
00:42:27,160 --> 00:42:29,680
Speaker 1: crappy job to a new crappy job, exactly if you

956
00:42:29,840 --> 00:42:31,960
Speaker 1: will eventually become your old crappy job yet again, yes,

957
00:42:31,960 --> 00:42:33,480
Speaker 1: if you're not giving it enough thought, and then at

958
00:42:33,480 --> 00:42:35,360
Speaker 1: some point too, by the third or fourth time you

959
00:42:35,400 --> 00:42:38,160
Speaker 1: do that, it makes you less desirable on the job market.

960
00:42:38,160 --> 00:42:40,880
Speaker 1: If you're quitting jobs every five, six, eight, nine months,

961
00:42:41,160 --> 00:42:44,160
Speaker 1: and you're doing it consistently in order to score more

962
00:42:44,200 --> 00:42:46,359
Speaker 1: pay or something like that, and then you want to

963
00:42:46,440 --> 00:42:48,759
Speaker 1: eventually get the job of your dreams, well, they might

964
00:42:48,800 --> 00:42:51,440
Speaker 1: not be interested in hiring you if you've moved on

965
00:42:51,640 --> 00:42:54,759
Speaker 1: too frequently, if you haven't shown any commitment to the

966
00:42:54,800 --> 00:42:57,520
Speaker 1: employers where where you work, And so I think that's

967
00:42:57,520 --> 00:42:59,640
Speaker 1: an important thing to note too. So really, when it

968
00:42:59,640 --> 00:43:02,360
Speaker 1: comes down to it, quit well, don't leave money or

969
00:43:02,400 --> 00:43:04,400
Speaker 1: benefits on the table. Those are important things to do

970
00:43:04,440 --> 00:43:07,000
Speaker 1: if you're planning on quitting, plan ahead, and it don't

971
00:43:07,040 --> 00:43:08,680
Speaker 1: be a jerk in the whole process. Matt That's what

972
00:43:08,719 --> 00:43:11,640
Speaker 1: you've said many times, and I think you're You're spot on.

973
00:43:11,760 --> 00:43:15,120
Speaker 1: There is a way to quit poorly and publicize it

974
00:43:15,160 --> 00:43:18,080
Speaker 1: all over the internet. There's a way to quit well

975
00:43:18,440 --> 00:43:20,279
Speaker 1: and to do it with honor in a way that

976
00:43:20,280 --> 00:43:23,080
Speaker 1: actually ends up boosting your career in the future. Do

977
00:43:23,160 --> 00:43:26,919
Speaker 1: it with honor. That sounds like something of Samurai would say. Right, honor, integrity,

978
00:43:27,080 --> 00:43:29,160
Speaker 1: doing it the right way, treating people right on your

979
00:43:29,160 --> 00:43:31,520
Speaker 1: way out, and and not throwing people on under the

980
00:43:31,520 --> 00:43:33,120
Speaker 1: bus when you do. Just don't commit, Harry Carey and

981
00:43:33,120 --> 00:43:35,840
Speaker 1: follow your own sword. Right. All right, Let's shift gears

982
00:43:35,840 --> 00:43:37,799
Speaker 1: and get back to the beer that you and I

983
00:43:38,000 --> 00:43:41,720
Speaker 1: enjoyed during this episode. This was Bumble Stick by Bermari Brewing.

984
00:43:41,760 --> 00:43:44,359
Speaker 1: This is a brewery up in Asheville, North Carolina. We've

985
00:43:44,360 --> 00:43:46,560
Speaker 1: had a few of their beers before. But what were

986
00:43:46,560 --> 00:43:51,480
Speaker 1: your thoughts on this nut brown ale with toasted cinnamon, Matthew, Yeah,

987
00:43:51,480 --> 00:43:52,960
Speaker 1: so I would say it was heavy on the cinnamon.

988
00:43:53,040 --> 00:43:55,759
Speaker 1: Maybe maybe even a bit too heavy, but I think

989
00:43:55,800 --> 00:43:58,200
Speaker 1: it was. It had a lot almost maybe sneeze maybe

990
00:43:58,440 --> 00:44:02,040
Speaker 1: one you're gonna but I did sneeze. I did that

991
00:44:02,040 --> 00:44:04,360
Speaker 1: triple sneeze in the middle of the other. We we

992
00:44:04,400 --> 00:44:06,400
Speaker 1: cut that out. You wouldn't You wouldn't hear that, right,

993
00:44:06,480 --> 00:44:08,239
Speaker 1: See if you can listen back and figure out what

994
00:44:08,320 --> 00:44:11,720
Speaker 1: it is that I came back in with the fresh sneeze. Boys, nobody,

995
00:44:11,800 --> 00:44:14,319
Speaker 1: nobody wants to hear that sneezy there years nobody wants that.

996
00:44:14,360 --> 00:44:16,400
Speaker 1: But I I really like Brimri beers. I think they

997
00:44:16,440 --> 00:44:18,640
Speaker 1: make some good stuff. This one was not my favorite

998
00:44:18,640 --> 00:44:21,239
Speaker 1: because I thought it was a little too cinnamon heavy,

999
00:44:21,239 --> 00:44:23,960
Speaker 1: and I really like cinnamon actually, but I like a

1000
00:44:24,000 --> 00:44:25,960
Speaker 1: good nut brown nail. It's one of those things. It's

1001
00:44:26,200 --> 00:44:29,360
Speaker 1: it's kind of a beer style that not many folks

1002
00:44:29,440 --> 00:44:32,560
Speaker 1: are producing, and I thought this was a decent take

1003
00:44:32,600 --> 00:44:36,359
Speaker 1: on a beer variety that not enough people pay attention to. Yeah,

1004
00:44:36,400 --> 00:44:39,680
Speaker 1: the only other drink of that UH infrequently enjoy is

1005
00:44:39,719 --> 00:44:41,800
Speaker 1: horg Chatta, and it kind of reminds me of horchatas,

1006
00:44:41,880 --> 00:44:44,200
Speaker 1: you know, like where you're tasting that cinnamon with within

1007
00:44:44,239 --> 00:44:46,600
Speaker 1: a drink. Or maybe honestly, it kind of takes me

1008
00:44:46,640 --> 00:44:48,840
Speaker 1: back to so similar to horchata. I guess makes me

1009
00:44:48,880 --> 00:44:52,280
Speaker 1: think of slurping down the milk after you finish eating

1010
00:44:52,360 --> 00:44:54,839
Speaker 1: the cinnamon toast crunch. Yeah you know what I saw

1011
00:44:54,880 --> 00:44:57,320
Speaker 1: the other day on the aisle in the grocer. I

1012
00:44:57,360 --> 00:45:00,400
Speaker 1: do not they have cinnamon toastcrunts in this by style

1013
00:45:00,600 --> 00:45:05,760
Speaker 1: like you get the flavor, yes, next to the pepper

1014
00:45:05,760 --> 00:45:09,959
Speaker 1: and stuff. Man, it's crazy. So basically cinnamon and sugar. Yes,

1015
00:45:11,560 --> 00:45:14,280
Speaker 1: so silly people just need to buy cinnamon and sugar.

1016
00:45:14,560 --> 00:45:19,040
Speaker 1: But whatever your own self. Nostalgia is a powerful drug,

1017
00:45:19,120 --> 00:45:22,000
Speaker 1: that's for sure. But I wanted to recommend just brown

1018
00:45:22,040 --> 00:45:24,279
Speaker 1: ales in general. If you're out there and you're thinking, man,

1019
00:45:24,320 --> 00:45:26,080
Speaker 1: what are these guys talking about with all their different

1020
00:45:26,120 --> 00:45:29,640
Speaker 1: craft beers. I think brown ales are a great introduction

1021
00:45:29,680 --> 00:45:32,560
Speaker 1: into the craft beer world because they're very easy to drink,

1022
00:45:32,840 --> 00:45:35,799
Speaker 1: and specifically, if you find yourself enjoying coffee, maybe you

1023
00:45:35,840 --> 00:45:38,959
Speaker 1: like one sugar and a little bit of cream, really

1024
00:45:38,960 --> 00:45:41,040
Speaker 1: easy to drink. That's how I think about brown ailes.

1025
00:45:41,200 --> 00:45:44,319
Speaker 1: They're not overly dark and espresso like in the way

1026
00:45:44,360 --> 00:45:46,400
Speaker 1: that you would find like a Russian Imperial stout, but

1027
00:45:46,440 --> 00:45:50,120
Speaker 1: they're also not overly kind of bitter and tanniny when

1028
00:45:50,160 --> 00:45:52,160
Speaker 1: it comes to like some of the different West Coast

1029
00:45:52,160 --> 00:45:53,799
Speaker 1: I p A s and all the different flavors that

1030
00:45:53,800 --> 00:45:56,239
Speaker 1: they introduced. It's just a very approachable beer. Can I

1031
00:45:56,280 --> 00:45:58,839
Speaker 1: say the most classic nut brown ale that out there

1032
00:45:58,960 --> 00:46:01,680
Speaker 1: is probably the Rogue sael nut brown, and that's probably

1033
00:46:01,719 --> 00:46:03,520
Speaker 1: available in almost every stag. I was going to say

1034
00:46:03,520 --> 00:46:05,480
Speaker 1: the most classic brown and will generally speaking is new

1035
00:46:05,600 --> 00:46:09,080
Speaker 1: just Newcastle, Newcastle. That's I don't know if i'd consider

1036
00:46:09,120 --> 00:46:11,720
Speaker 1: that a craft beer. No, it's it's pretty large. Yeah,

1037
00:46:11,800 --> 00:46:14,719
Speaker 1: it's it's decent. But if you want something like good,

1038
00:46:14,760 --> 00:46:18,160
Speaker 1: a little more refined, but still like really really accessible,

1039
00:46:18,440 --> 00:46:20,359
Speaker 1: that that Rogue hazel nut brown is a great true

1040
00:46:20,400 --> 00:46:22,440
Speaker 1: and why we haven't really had any rogues should we?

1041
00:46:22,440 --> 00:46:23,840
Speaker 1: I don't know, we need we need to remedy that

1042
00:46:23,880 --> 00:46:25,799
Speaker 1: here in a few weeks. Let's throw it out a

1043
00:46:25,800 --> 00:46:28,680
Speaker 1: bunch of rogues. But this beer you can find a

1044
00:46:28,719 --> 00:46:30,560
Speaker 1: picture of it on our website at how the money

1045
00:46:30,600 --> 00:46:33,440
Speaker 1: dot com within our show notes for this episode, and

1046
00:46:33,480 --> 00:46:35,000
Speaker 1: we will make sure to link to any of the

1047
00:46:35,040 --> 00:46:37,680
Speaker 1: different resources that we mentioned as well. Yeah, by the way,

1048
00:46:37,680 --> 00:46:39,400
Speaker 1: if you've been listening for a little while and you

1049
00:46:39,440 --> 00:46:41,680
Speaker 1: have not yet left or review for this show. We

1050
00:46:41,680 --> 00:46:43,960
Speaker 1: would appreciate it if you would do that really quickly.

1051
00:46:44,200 --> 00:46:46,840
Speaker 1: If you listen on Apple Podcasts, you can leave a

1052
00:46:46,880 --> 00:46:49,439
Speaker 1: quick rating and review that helps other people find out

1053
00:46:49,440 --> 00:46:51,759
Speaker 1: more about the show. Same on Spotify that's where you listen.

1054
00:46:51,960 --> 00:46:55,280
Speaker 1: That's just a rating and that takes lesson too easy. Yeah,

1055
00:46:55,320 --> 00:46:57,120
Speaker 1: you can definitely do that first. Thank you in advance

1056
00:46:57,239 --> 00:46:59,239
Speaker 1: for your help with that, and Joe will write you

1057
00:46:59,280 --> 00:47:03,560
Speaker 1: a handwritten out For everyone who does I personalized. I

1058
00:47:03,560 --> 00:47:06,279
Speaker 1: will send you the cinnamon toast crunch spice in the

1059
00:47:06,280 --> 00:47:09,600
Speaker 1: mail for your contributions, the whole thing. But you can

1060
00:47:09,600 --> 00:47:11,920
Speaker 1: sprinkle some on the letter. The letter I can't sprayed

1061
00:47:11,960 --> 00:47:15,319
Speaker 1: with perfume. I open it and starts sneezing immediately. Who

1062
00:47:15,360 --> 00:47:18,319
Speaker 1: wrote this? A seven year old? All right, that's gonna

1063
00:47:18,360 --> 00:47:20,920
Speaker 1: do it for this episode. Until next time. Best Friends Out,

1064
00:47:20,960 --> 00:47:22,120
Speaker 1: Best Friends Out.