WEBVTT - Quitting Your Job The Right Way #509 0:00:00.120 --> 0:00:02.920 Welcome to How the Money. I'm Joel and I and Matt. 0:00:03.160 --> 0:00:25.599 Today we're discussing quitting your job the right way. Yeah, 0:00:25.600 --> 0:00:27.639 it's pretty clear from the title of this episode what 0:00:27.640 --> 0:00:30.080 we're gonna talk about. We were just actually before we 0:00:30.120 --> 0:00:33.640 hit recorded. We're talking about the flight attendant who uh 0:00:34.520 --> 0:00:36.400 this is a while ago, like, was it ten years ago? 0:00:36.560 --> 0:00:41.159 Roughly at least the flight attendant who quit by pulling 0:00:41.159 --> 0:00:46.000 the escape patch while on the runway down the slide intable, Yeah, 0:00:46.040 --> 0:00:49.760 the inflatable slide with a couple of beers. Basically, what 0:00:49.760 --> 0:00:52.120 we're talking about today is quitting the opposite way and 0:00:52.240 --> 0:00:54.640 not doing it that way, the exact opposite, and so 0:00:54.800 --> 0:00:57.480 we will go into detail later on during this episode. 0:00:57.520 --> 0:01:00.040 Real quick, though, man, we wanted to talk about the 0:01:00.280 --> 0:01:03.200 How Do Money socks that we just ordered. I'm sure 0:01:03.240 --> 0:01:06.960 folks have been waiting for this announcement. It was episode 0:01:06.959 --> 0:01:09.959 five hundred where we talked about sending out some merchandise 0:01:10.080 --> 0:01:14.000 to listeners whose money tip we featured on the show, 0:01:14.240 --> 0:01:16.600 and it has taken us this long to actually get 0:01:16.600 --> 0:01:18.800 that all figured out. Bottom line, we were talking with 0:01:18.840 --> 0:01:21.440 the nice folks over at Sock Fancy, going back and 0:01:21.440 --> 0:01:23.640 forth on the design, trying to figure out what's gonna work, 0:01:24.080 --> 0:01:27.040 and we finally placed the order. We're really excited. They 0:01:27.040 --> 0:01:30.000 look awesome. We are really excited to share those with 0:01:30.000 --> 0:01:32.119 with y'all. Definitely, it's the most money I've ever paid 0:01:32.160 --> 0:01:34.720 for socks before. I don't normally buy a hundred pairs 0:01:34.720 --> 0:01:36.800 of socks at once, because you don't get your socks 0:01:36.800 --> 0:01:39.400 at Costco, where they buy at least a hundred pairs 0:01:39.440 --> 0:01:40.800 of time. Well, in the same way, you do get 0:01:40.800 --> 0:01:43.320 that quantity discount, which we got. But even still, we 0:01:43.400 --> 0:01:45.120 received the invoice and we're getting ready to pay it, 0:01:45.200 --> 0:01:47.400 and we're like, oh, what if we can maybe score 0:01:47.480 --> 0:01:49.640 some sort of discounts, some sort of sales. See if 0:01:49.640 --> 0:01:51.840 there's an your promo codes that they're offering. We wouldn't 0:01:51.840 --> 0:01:54.040 be the how the money guys. We didn't try naturally, 0:01:54.120 --> 0:01:56.280 we reached out and it turns out, I mean, we 0:01:56.320 --> 0:01:58.080 did get to know them over the past couple of weeks. 0:01:58.080 --> 0:01:59.400 As you know, you go back and forth, you kind 0:01:59.400 --> 0:02:01.080 of build a relations and ship, you build some rapport, 0:02:01.680 --> 0:02:03.720 and the guy was like, hey, you know what, you 0:02:03.760 --> 0:02:06.800 got it. You guys will get the friends and family discount, 0:02:06.800 --> 0:02:09.800 which was a ten percent discount code, and so we 0:02:09.800 --> 0:02:12.200 were able to score a deal on the How the 0:02:12.240 --> 0:02:14.639 Money Socks, which is only appropriate. You didn't even have 0:02:14.680 --> 0:02:18.320 to marry his sister Matt to get it, no, And 0:02:18.360 --> 0:02:20.480 so we wanted to share this because we think that 0:02:20.520 --> 0:02:24.280 in most situations it is okay to ask for a discount. Obviously, 0:02:24.280 --> 0:02:26.440 there are going to be some situations where it's inappropriate, 0:02:26.680 --> 0:02:29.440 specifically when you're dealing with like a corporation and you're 0:02:29.440 --> 0:02:31.120 standing in the check online at the grocery store, like 0:02:31.120 --> 0:02:32.400 they're not gonna just be like, oh yeah, let me 0:02:32.400 --> 0:02:34.280 give you ten percent off. That's not normally going to 0:02:34.360 --> 0:02:36.120 be the case. No, but I will ask for the 0:02:36.200 --> 0:02:39.480 actual price that's reflected on the sticker on the aisle 0:02:39.480 --> 0:02:41.520 where I got the item, and because sometimes it will 0:02:41.600 --> 0:02:44.240 ring up in correctly and not all wait patiently for 0:02:44.280 --> 0:02:46.640 the price correction pushed back a little bit. But in 0:02:46.680 --> 0:02:48.919 a lot of cases, especially when you're dealing with individuals, 0:02:49.200 --> 0:02:51.840 you can ask for a discount, and oftentimes it comes 0:02:51.840 --> 0:02:54.880 down to how it is that you ask for that discount. 0:02:54.880 --> 0:02:57.560 We talked about this back in the episode three seventy seven, 0:02:58.000 --> 0:03:00.600 and in a similar fashion, it was down to how 0:03:00.639 --> 0:03:03.000 you quit because you can go about it the wrong way, 0:03:03.560 --> 0:03:05.480 just like you can ask for a discount the wrong way. 0:03:05.520 --> 0:03:07.680 But we think that there is a right way and 0:03:07.720 --> 0:03:09.760 a wrong way to do everything. So just like asking 0:03:09.760 --> 0:03:12.120 for a discount, that's what we're talking about today, quitting 0:03:12.280 --> 0:03:14.120 the right way, you gotta do it with finesse, you 0:03:14.160 --> 0:03:17.200 gotta do it with style. Yeah, And similarly, there is 0:03:17.240 --> 0:03:19.040 a way that you could have asked for this discount, 0:03:19.200 --> 0:03:20.799 and it would have been much easier for this guy 0:03:20.919 --> 0:03:23.280 to say no, and I could have made his job 0:03:23.360 --> 0:03:27.400 very easy. Yeah, the charge was the full asking price, right, 0:03:27.440 --> 0:03:28.960 but there are ways you could have gotten shut down 0:03:29.200 --> 0:03:31.440 really quickly, just by the way that you asked. And 0:03:31.440 --> 0:03:33.680 and similarly, the way that you quit can impact your 0:03:33.720 --> 0:03:37.440 future job prospects and your immediate future. Especially we're gonna 0:03:37.440 --> 0:03:39.760 talk about people going back to work for the company 0:03:39.760 --> 0:03:41.560 that they quit, and so if you end up doing 0:03:41.560 --> 0:03:44.440 that poorly, well if that's not really an option anymore. 0:03:44.480 --> 0:03:46.360 But we'll get to all that in just a minute. First, Matt, 0:03:46.440 --> 0:03:49.000 let's mentioned the beer that we're having on this episode. 0:03:49.000 --> 0:03:52.360 It's called Bumblestick Nut Brown Ale by Burmari Brewing. We 0:03:52.360 --> 0:03:55.320 will give our thoughts on this cinnamony beer at the 0:03:55.400 --> 0:03:58.080 end of the episode. But okay, so let's talk about 0:03:58.120 --> 0:04:00.520 quitting your job and doing it the right way, and 0:04:00.760 --> 0:04:04.800 it just talking about quitting, talking about, you know, asking 0:04:04.840 --> 0:04:06.520 for a deal, talking about all sorts of there's just 0:04:06.560 --> 0:04:08.280 a right and a wrong way to do almost everything. 0:04:08.440 --> 0:04:11.280 It makes me think of putting your toilet paper on 0:04:11.320 --> 0:04:13.560 the toilet paper holder. I think personally there is a 0:04:13.640 --> 0:04:15.160 right way and a wrong way to do this. So 0:04:15.200 --> 0:04:18.279 many people have the toilet paper coming out the bottom. 0:04:19.080 --> 0:04:21.800 Crazy people with it dispensing against the wall. Yeah, yeah, 0:04:21.800 --> 0:04:24.760 that's where my hand is. I am on the wall side. No, no, 0:04:24.800 --> 0:04:26.800 I'm across from the wall, Like are you crazy? But 0:04:26.920 --> 0:04:31.000 obviously the toilet paper should be coming out the top, right, 0:04:31.040 --> 0:04:34.320 Like the same person installs their toilet paper. It makes 0:04:34.360 --> 0:04:36.680 you think. Also, maybe someone at the beach and you 0:04:36.720 --> 0:04:39.359 see them in their beat red and they are without 0:04:39.400 --> 0:04:41.880 their shirt on, and it's like they didn't learn their lesson, 0:04:41.960 --> 0:04:45.240 Like you forgot to apply sunscreen the first day, and 0:04:45.279 --> 0:04:47.839 now you're doubling down by keeping your shirt off even 0:04:47.839 --> 0:04:49.680 though you already look like a lobster. How do they 0:04:49.720 --> 0:04:52.360 not know that sunscreen works? Magic, it'll save your booty. 0:04:52.400 --> 0:04:54.640 And same with a T shirt, I guess when you're 0:04:54.640 --> 0:04:57.120 already read. But and just like there are ways to 0:04:57.200 --> 0:05:00.760 screw up your beach trip and your every day bathroom trips, 0:05:01.279 --> 0:05:03.880 you can screw up majorrely when when you're quitting a job, 0:05:04.200 --> 0:05:06.680 and so quitting poorly it just really can have long 0:05:06.800 --> 0:05:11.600 term ramifications. But so can quitting a job the right way. 0:05:11.839 --> 0:05:13.919 It can actually be a boost to your career. And 0:05:13.920 --> 0:05:17.000 it might seem weird maybe to dedicate a whole episode 0:05:17.040 --> 0:05:19.920 to this, but trust us, there's a lot to unpack. Like, yeah, 0:05:20.040 --> 0:05:23.039 quitting is it's a it's a complex topic. Yeah. And 0:05:23.040 --> 0:05:24.679 part of the reason that we believe that this topic 0:05:24.760 --> 0:05:28.320 is important to cover is because more employees and more 0:05:28.360 --> 0:05:31.160 workers are quitting than ever before. We're still experiencing the 0:05:31.200 --> 0:05:35.080 Great Resignation, which started back in the spring of last year. 0:05:35.440 --> 0:05:37.920 But there's a chance that you may have even been 0:05:37.920 --> 0:05:40.159 part of the big quit yourself. But if you weren't, 0:05:40.200 --> 0:05:42.600 you might be thinking to yourself that this this is 0:05:42.640 --> 0:05:45.320 a fantastic time to make the most of a vigorous 0:05:45.400 --> 0:05:48.560 job market. Uh, And so you might be parting ways 0:05:48.600 --> 0:05:50.800 with your employers soon. And we want to make sure 0:05:50.920 --> 0:05:53.280 that you do it the right way, because you know, 0:05:53.360 --> 0:05:55.600 let's be honest, the stakes are are pretty low when 0:05:55.600 --> 0:05:57.440 it comes to which way you put your toilet paper 0:05:57.520 --> 0:05:59.880 on the toilet paper roll. The steaks are gonna be 0:06:00.080 --> 0:06:03.960 much higher if you handle your job quitting poorly. Yeah, well, 0:06:04.000 --> 0:06:05.280 I will say the stakes are high if I come 0:06:05.279 --> 0:06:06.760 over to your house and I find your toilet paper 0:06:06.760 --> 0:06:08.960 on the wrong way because old trashes, I'm not gonna 0:06:08.960 --> 0:06:12.720 be your friend anymore. It annoys me. Well, but let's 0:06:12.760 --> 0:06:14.760 talk about the why to here, because part of the 0:06:14.760 --> 0:06:17.200 discussion we need to talk about is is why you're 0:06:17.200 --> 0:06:20.039 wanting to quit in the first place, and statistics show 0:06:20.120 --> 0:06:23.760 that switching jobs is the best way to earn more money. 0:06:24.320 --> 0:06:26.560 This show is called How the Money, so people obviously 0:06:26.560 --> 0:06:28.600 want to know more about that side of the equations 0:06:28.600 --> 0:06:32.360 are main angle dude, or saving more, earning more exactly, 0:06:32.640 --> 0:06:35.640 and and the the average. Just talk about the emotional components. 0:06:36.720 --> 0:06:38.680 How it's gonna make you feel, Yeah, exactly. Let's talk 0:06:38.680 --> 0:06:40.840 about our feelings a whole bit. Actually, we will talk 0:06:40.839 --> 0:06:43.120 about that comes into feelings a little bit, because that 0:06:43.200 --> 0:06:45.480 is important. Well, I think it's it's very important. And 0:06:45.520 --> 0:06:47.359 we need to discuss that too. But but when it 0:06:47.360 --> 0:06:50.480 comes to compensation, the average wage jump is is almost 0:06:51.320 --> 0:06:54.400 higher when you switch jobs. That's that's on average, and 0:06:54.400 --> 0:06:56.200 when you opt to stay with your current employer, the 0:06:56.200 --> 0:07:00.600 average wage increases closer to five So you're making more 0:07:00.600 --> 0:07:04.000 money with every paycheck. It's a great thing because you're 0:07:04.000 --> 0:07:06.560 gonna be able to reach your financial goals more quickly. 0:07:06.920 --> 0:07:09.520 But like you said, Matt, it's it's important to think 0:07:09.520 --> 0:07:12.280 about other factors. To one of the other factors, specifically 0:07:12.360 --> 0:07:15.040 in in the money in the context of money, is 0:07:15.080 --> 0:07:18.600 to be sure to factor in your total compensation, not 0:07:18.760 --> 0:07:21.880 just the headline salary number. I think sometimes people think 0:07:22.160 --> 0:07:25.480 just about, well, am I going to get a boost 0:07:25.520 --> 0:07:27.960 in pay, but you're missing out maybe on some of 0:07:28.000 --> 0:07:30.720 the other benefits that your current employer offers that might 0:07:30.800 --> 0:07:33.560 actually put those salaries more in line with each other. 0:07:33.960 --> 0:07:35.520 So we want to make sure that you hear us 0:07:35.520 --> 0:07:39.559 clear clearly. Quitting isn't an inherently bad thing, but even 0:07:39.640 --> 0:07:42.600 good things can be done badly, and especially when money 0:07:42.640 --> 0:07:44.840 and benefits are on the line, we want to make 0:07:44.840 --> 0:07:46.840 sure that you're not screwing it up. Yeah, before we 0:07:46.880 --> 0:07:48.520 go any further, let's go ahead and kind of touch 0:07:48.560 --> 0:07:50.440 on emotions a little bit because what it makes me 0:07:50.480 --> 0:07:53.400 think about our alleys doing the emotional side of things. 0:07:53.440 --> 0:07:56.080 It is important to be well rounded here because just 0:07:56.080 --> 0:07:58.000 think about what we've lived through over the past two years, 0:07:58.040 --> 0:08:00.800 right like that it has had a significant act on 0:08:00.960 --> 0:08:03.760 all areas of our lives, including our work lives. And 0:08:03.800 --> 0:08:06.720 so it makes sense that covid UH and it's disruptive 0:08:06.800 --> 0:08:09.640 effects that it might lead folks to make some different choices. 0:08:10.080 --> 0:08:13.960 But it is also important to avoid emotional decision making 0:08:14.200 --> 0:08:17.000 because changing jobs it can be a wonderful thing, but 0:08:17.040 --> 0:08:19.600 the grass isn't always greener on the other side. It's 0:08:19.640 --> 0:08:22.240 it's easy to think that though, when your emotions are 0:08:22.280 --> 0:08:25.440 in charge, you know, considering that, I think for most people, 0:08:25.600 --> 0:08:27.720 the fact that the pandemic is behind us, like that 0:08:27.800 --> 0:08:31.040 the worst might be behind us, that is encouraging because 0:08:31.040 --> 0:08:33.400 I think that means we might be able to make 0:08:33.600 --> 0:08:37.400 decisions with the more level head as opposed to feeling 0:08:37.440 --> 0:08:39.720 like that we might be making decisions based on emotions. 0:08:40.000 --> 0:08:41.439 I'm just thinking back to what it looked like when 0:08:41.440 --> 0:08:44.360 our kids were virtual schooling or learning at home. We 0:08:44.400 --> 0:08:48.600 couldn't visit our friends and towards exactly just pitsion fits 0:08:48.679 --> 0:08:50.920 and refusing to get on the computers. And look, we 0:08:50.920 --> 0:08:53.160 couldn't travel. There are so many things that we couldn't 0:08:53.200 --> 0:08:56.520 do that I know personally it was difficult. Kate and 0:08:56.559 --> 0:08:59.000 I we were thinking about making some significant changes to 0:08:59.040 --> 0:09:00.880 our lives, but we were recogniz eyes that you know what, 0:09:01.080 --> 0:09:02.640 I don't think this is the best time to make 0:09:02.720 --> 0:09:07.080 a major, significant disruptive change like this in our lives 0:09:07.200 --> 0:09:09.560 while we are currently in the midst of something that 0:09:09.600 --> 0:09:11.880 feels incredibly disruptive. Sometimes right in the middle of a 0:09:11.880 --> 0:09:14.880 stressful situation, you will choose to do something that is 0:09:14.920 --> 0:09:17.160 not in your long term best interest because you just 0:09:17.160 --> 0:09:19.000 gotta get get out of that. Situations like the fight 0:09:19.080 --> 0:09:22.680 or flight right and and interestingly enough, matt one survey 0:09:22.720 --> 0:09:25.680 showed that three quarters of folks who changed jobs during 0:09:25.679 --> 0:09:30.679 the pandemic have admitted feeling surprise or regret. And basically, 0:09:30.720 --> 0:09:32.800 I think what they found out was maybe their new 0:09:32.840 --> 0:09:35.640 employer overpromised and under delivered. That that was the case 0:09:35.679 --> 0:09:37.480 for a lot of folks, where it certainly seemed like 0:09:37.480 --> 0:09:40.080 they were jumping ship to two sun of your skies, 0:09:40.480 --> 0:09:43.839 and in reality, the job, the work environment wasn't like 0:09:43.920 --> 0:09:45.800 they wanted it to be, and so they're just not 0:09:45.880 --> 0:09:47.640 as happy as they thought they were going to be 0:09:47.880 --> 0:09:50.800 after moving on from their old employer. And then there 0:09:50.840 --> 0:09:53.160 was this article published in the Wall Street Journal last 0:09:53.160 --> 0:09:56.319 week about what they're calling boomerang hiring, and uh, it 0:09:56.320 --> 0:09:58.720 turns out a lot of employees who left in a hurry, 0:09:58.760 --> 0:10:01.000 they're finding themselves on happy in a new role with 0:10:01.000 --> 0:10:04.240 another company, and so they're they're like asking for their 0:10:04.280 --> 0:10:06.679 old jobs back. Many have only been in their new 0:10:06.800 --> 0:10:09.640 role for three, four or five months and they're reinterviewing 0:10:09.760 --> 0:10:11.839 with their old company. They're going back to an old 0:10:11.840 --> 0:10:14.240 position or to a new position that's been created for 0:10:14.320 --> 0:10:17.320 them at their old employer. And so it's just important. 0:10:17.360 --> 0:10:19.440 All that stuff kind of goes in and it makes 0:10:19.480 --> 0:10:21.400 me think that it's important to be quitting for the 0:10:21.559 --> 0:10:24.480 right reasons. That is what's going to help minimize regret. 0:10:24.840 --> 0:10:26.480 You don't want to, like you said, not be making 0:10:26.480 --> 0:10:28.880 an emotional, knee jerk decision, because I think that's going 0:10:28.920 --> 0:10:32.920 to have the most significant potential for a lot of regret. Yeah, 0:10:32.960 --> 0:10:34.480 not only is it important to make sure that you're 0:10:34.679 --> 0:10:36.559 quitting the right way, but that you're doing it for 0:10:36.640 --> 0:10:39.480 the right reasons. Okay, so let's talk about what you 0:10:39.480 --> 0:10:41.960 can do if you are thinking about quitting. If you 0:10:42.000 --> 0:10:44.000 love your job but low pay is the main reason 0:10:44.000 --> 0:10:47.520 for leaving, it's worth having that conversation before you know 0:10:47.559 --> 0:10:49.360 you show up and slap down your two week notice. 0:10:49.840 --> 0:10:52.319 Your manager or your boss might have a lot of 0:10:52.400 --> 0:10:55.400 leeway to provide a meaningful pay increase right now, but 0:10:55.520 --> 0:10:58.199 only if you ask them, And so quitting in order 0:10:58.240 --> 0:11:00.439 to get paid more, it's it is a legitim reason 0:11:00.480 --> 0:11:02.040 to move on. You know, if you can get paid 0:11:03.000 --> 0:11:05.480 more with another company, leaving might be the right course 0:11:05.480 --> 0:11:08.760 of action. But if you love your current employer and 0:11:08.760 --> 0:11:10.960 you're realizing that, you know what, the only thing that's 0:11:10.960 --> 0:11:14.040 really causing me to look elsewhere is the pay, then 0:11:14.080 --> 0:11:17.120 give them a shot keeping you with a salary increase. 0:11:17.160 --> 0:11:19.840 Don't leave without at least asking for for higher pay. 0:11:20.320 --> 0:11:21.679 And the same thing can be true to not just 0:11:21.720 --> 0:11:24.800 for for pay, but maybe it's just some different opportunities 0:11:24.840 --> 0:11:26.280 that you're looking for, or maybe you're looking for a 0:11:26.280 --> 0:11:28.880 different role within that company. Assuming that it's a great 0:11:28.880 --> 0:11:31.200 company that that you enjoy working for, make sure that 0:11:31.240 --> 0:11:34.200 you don't leave without having that conversation. It makes me 0:11:34.240 --> 0:11:36.560 think of like, let's say you left your partner because 0:11:36.559 --> 0:11:38.680 they put their toilet paper on the wrong side of 0:11:38.679 --> 0:11:40.800 the role, like they were doing it incorrectly, and you 0:11:40.840 --> 0:11:44.679 never even have the conversation. Yeah, it's like no, no, wait, 0:11:44.720 --> 0:11:47.520 if they're perfectly every other way, have the conversation because 0:11:47.520 --> 0:11:49.840 it's it's one of those things that can get worked out. Right, 0:11:49.880 --> 0:11:51.719 you want to leave over something like that, well, that's 0:11:51.720 --> 0:11:53.360 the thing to do with it. It's a big deal. 0:11:53.400 --> 0:11:54.880 But you still don't want to leave over or something 0:11:54.920 --> 0:11:56.920 like like. Again, as I think over the think through 0:11:56.920 --> 0:11:58.600 the past two years, I do think that we have 0:11:58.840 --> 0:12:01.839 stopped making for progres us in how well that we're 0:12:01.880 --> 0:12:04.439 able to communicate with with other folks, especially in person, 0:12:04.440 --> 0:12:06.560 because I mean, so many folks are working from home. 0:12:07.040 --> 0:12:10.080 They are interacting with their bosses and their coworkers digitally, 0:12:10.240 --> 0:12:12.880 and sometimes you do need that face to face. Yeah, agreed. 0:12:13.040 --> 0:12:15.400 All right, Let's talk about flexibility too, because that's that's 0:12:15.440 --> 0:12:18.800 another reason that folks might consider leaving their job. Work 0:12:18.840 --> 0:12:20.559 from home is is obviously one of the things that 0:12:20.600 --> 0:12:22.679 people want a whole lot of. And so if your 0:12:22.679 --> 0:12:25.120 company has called you back into the office, but you've 0:12:25.160 --> 0:12:28.480 gotten used to not coming into to not commuting. I 0:12:28.559 --> 0:12:30.480 guess I get the distaste for being back in the 0:12:30.520 --> 0:12:32.960 office full time. Like we talked about recently, there there 0:12:32.960 --> 0:12:36.199 are some perks for going back into the office, especially 0:12:36.240 --> 0:12:38.960 for folks who are earlier on in their careers and 0:12:39.000 --> 0:12:40.920 for lots of jobs. It's it's just it's just so 0:12:41.000 --> 0:12:43.760 much easier to advance in your career if you're around 0:12:43.840 --> 0:12:46.920 your coworkers, if you're kind of immersed in the company culture, 0:12:47.320 --> 0:12:50.640 and the psychological impacts of being seen at your job. 0:12:51.080 --> 0:12:53.240 They're actually bigger than you think. I think sometimes people 0:12:54.040 --> 0:12:56.679 think that they can progress at the same route in 0:12:56.720 --> 0:12:59.839 their career, that the same at the same speed being 0:13:00.080 --> 0:13:02.080 at home full time, And I just don't think that's 0:13:02.080 --> 0:13:04.280 the case for most people in most companies. Well and 0:13:04.320 --> 0:13:06.440 even just like individual well being, right, like I mean, 0:13:06.480 --> 0:13:09.800 aside from progression and advancements in your career, just like 0:13:09.840 --> 0:13:11.880 you said, like the ability to be seen what I see, 0:13:11.920 --> 0:13:15.120 there is a more personal, sort of deeper human level 0:13:15.160 --> 0:13:17.240 of understanding when when you're able to see somebody and 0:13:17.280 --> 0:13:19.199 appreciate that you know the work that they're doing. When 0:13:19.200 --> 0:13:21.720 you can appreciate them as a human being. That's something 0:13:21.840 --> 0:13:24.520 that is also easier to be done in person than digitally. Yeah, 0:13:24.520 --> 0:13:26.360 I think full time work from home has made a 0:13:26.400 --> 0:13:28.320 ton of sense for a large chunk of this time 0:13:28.640 --> 0:13:30.959 that we've had it because it has helped curb the 0:13:31.000 --> 0:13:33.920 spread of a virus. But I do think as things 0:13:33.960 --> 0:13:36.120 are getting back to normal, there are a lot of 0:13:36.120 --> 0:13:38.120 plus sides to being back in the oppress for people. 0:13:38.400 --> 0:13:40.720 And you know, maybe you just really do hate that 0:13:40.720 --> 0:13:42.400 commute though, Like, if it's the case that you still 0:13:42.400 --> 0:13:44.839 don't want to return to the office at all, then 0:13:44.840 --> 0:13:47.199 be sure to talk with your manager or your boss 0:13:47.200 --> 0:13:48.720 to see if there's some sort of middle ground that 0:13:48.720 --> 0:13:51.480 you guys can hammer out. Just start the conversation, because 0:13:51.679 --> 0:13:53.600 that's another thing where you don't want to quit without 0:13:53.679 --> 0:13:57.720 having the convo. There's a chance that these rules aren't 0:13:57.720 --> 0:14:00.160 hard and fast, that they're based on your specific, big 0:14:00.200 --> 0:14:02.960 situation and the value you bring to the company, the 0:14:03.040 --> 0:14:05.400 value you bring to the table that your employer is 0:14:05.440 --> 0:14:08.360 willing to offer a workaround for the schedule that you 0:14:08.400 --> 0:14:10.679 need to keep, And so these are conversations that are 0:14:10.679 --> 0:14:13.160 worth approaching. It's not it's not worth leaving in a 0:14:13.240 --> 0:14:16.480 huff just because the mandate from on high it isn't 0:14:16.520 --> 0:14:19.360 conducive to the way you want a need to work. 0:14:19.440 --> 0:14:21.760 That's right. So let's talk about networking here for a second, 0:14:21.800 --> 0:14:24.680 because even if you're not looking to quit, having a 0:14:24.840 --> 0:14:28.160 robust professional network is always important to do. A friend 0:14:28.200 --> 0:14:30.920 of the show Jordan Harbinger, he calls this digging the 0:14:30.960 --> 0:14:33.320 well before you're thirsty, and so you want to have 0:14:33.400 --> 0:14:35.760 this contacts, You want to have those relationships in place 0:14:35.800 --> 0:14:38.120 before you need them. Makes me think of the show alone. 0:14:38.200 --> 0:14:40.600 We've talked about this here on the show before. It's 0:14:40.600 --> 0:14:43.040 where they get dropped off and h it's really beautiful. 0:14:43.200 --> 0:14:45.000 A lot of times it's it's remote, so you're just like, 0:14:45.040 --> 0:14:47.960 oh wow, this is beautiful, this is amazing. And oftentimes 0:14:47.960 --> 0:14:50.000 the weather is nice. But if you enjoy the scenery, 0:14:50.040 --> 0:14:51.560 maybe a little too long you put off building a 0:14:51.640 --> 0:14:54.720 solid shelter, you put off finding a way to uh 0:14:54.960 --> 0:14:59.000 procure some food, then you are going to be too malnourished. 0:14:59.000 --> 0:15:00.640 You're gonna be too cold to be able to build 0:15:00.680 --> 0:15:02.880 it when you need to build that shelter. In a 0:15:02.880 --> 0:15:05.320 similar way, having a robust network of friends in the 0:15:05.360 --> 0:15:08.560 industry is massively important. And I'm not just talking about 0:15:08.760 --> 0:15:11.280 folks who you think can do something for you in 0:15:11.280 --> 0:15:13.920 the here and now. Looking to help others is also 0:15:14.040 --> 0:15:16.160 an important piece of the networking puzzle. You never know 0:15:16.160 --> 0:15:17.960 when that intern is going to become your boss, right well, 0:15:18.000 --> 0:15:20.000 and don't only look to like the long term when 0:15:20.080 --> 0:15:21.880 it might come full circle. But even just looking to 0:15:21.960 --> 0:15:23.640 some of the different ways that you can assist somebody, 0:15:23.640 --> 0:15:26.080 where you can help somebody advance in their career, is 0:15:26.160 --> 0:15:28.960 just something good to do in and of itself. Yeah, 0:15:29.080 --> 0:15:31.120 networking is. I think networking is a lot of fun, 0:15:31.280 --> 0:15:32.720 just kind of getting to know other people. You're a 0:15:32.760 --> 0:15:35.160 social dude, Yeah, yeah, I just enjoy it anyway. I 0:15:35.160 --> 0:15:39.040 love meeting people of all sorts, of different backgrounds and interests. 0:15:39.360 --> 0:15:42.560 But it can be potentially helpful to you in the future. 0:15:42.680 --> 0:15:44.200 But more than anything, I just think of it as 0:15:44.360 --> 0:15:47.480 a good time, as an enjoyable thing to do. Yeah, 0:15:47.520 --> 0:15:49.280 and to be able to help other people is something 0:15:49.280 --> 0:15:50.760 we need more of in the world. We need more 0:15:50.760 --> 0:15:53.480 people not networking just to further their own careers, but 0:15:53.560 --> 0:15:56.480 to really seek to make all of us better. Just 0:15:56.480 --> 0:15:59.360 to not be a jerk. This is more than not 0:15:59.400 --> 0:16:01.160 just being a jerk, like, okay, how can actually be 0:16:01.280 --> 0:16:03.840 a kind and helping persons? Exactly? All right, Matt, We've 0:16:03.840 --> 0:16:06.480 got more to get to you about quitting and doing 0:16:06.520 --> 0:16:09.480 it the right way, and specifically, they are a bunch 0:16:09.680 --> 0:16:13.040 of financial things you need to consider before you quit 0:16:13.080 --> 0:16:15.640 your job, like how do you think about those benefits? 0:16:15.840 --> 0:16:17.760 How do you ensure you get the most out of 0:16:17.800 --> 0:16:20.560 them before you actually walk out the door. We'll talk 0:16:20.600 --> 0:16:32.440 about that right after this. All right, we are back 0:16:32.440 --> 0:16:34.920 from the brink. We're talking about quitting your job the 0:16:35.160 --> 0:16:38.760 right way, and so it's obviously it's crucial to assess 0:16:39.120 --> 0:16:40.800 why it is that you're quitting in order to make 0:16:40.840 --> 0:16:42.880 sure that you're making a good decision. We talked about 0:16:42.880 --> 0:16:45.520 that earlier on. As we said, moving on to a 0:16:45.560 --> 0:16:48.280 new job that can lead to a massive salary bump, 0:16:48.320 --> 0:16:50.520 which can make a big difference not only in month 0:16:50.560 --> 0:16:53.560 to month but also over the years where you're able 0:16:53.600 --> 0:16:57.000 to impact your ability to build wealth. But it's important 0:16:57.000 --> 0:17:00.160 to have your personal finances in solid shape before where 0:17:00.200 --> 0:17:02.040 you take a leap, and the most important part of 0:17:02.040 --> 0:17:05.560 that equation having a robust emergency fund that gives you 0:17:05.920 --> 0:17:09.400 uh the financial ability to whether a period of unemployment, 0:17:09.520 --> 0:17:12.560 if you're quitting without knowing where you're going. So we're 0:17:12.560 --> 0:17:14.960 talking about here, isn't gear one that two thousand phone 0:17:15.040 --> 0:17:17.719 or sixty seven dollars of emergency fund, But you probably 0:17:17.760 --> 0:17:20.480 want to have something a little more solid, something more 0:17:20.480 --> 0:17:23.560 in that three to six months worth of expenses range. 0:17:23.880 --> 0:17:26.119 And that's what's so interesting about this too, because depending 0:17:26.119 --> 0:17:28.960 on your lifestyle, it's this is an incredibly customizable number. 0:17:29.000 --> 0:17:31.920 It all depends on how it is that you live 0:17:31.960 --> 0:17:34.280 your life. It all depends on the expenses that you 0:17:34.320 --> 0:17:36.360 have coming out of your budget every single month. Yeah, 0:17:36.359 --> 0:17:38.600 And one of the ways to make that money extend 0:17:38.640 --> 0:17:40.960 a little bit further in your emergency fund is to 0:17:41.000 --> 0:17:43.959 actually change your budget from the normal budget you use 0:17:44.000 --> 0:17:47.000 every single month to what we call a bare bones budget. 0:17:47.200 --> 0:17:49.080 And that's something we want you to kind of figure 0:17:49.080 --> 0:17:51.960 out ahead of time, so that you can instantly cut 0:17:51.960 --> 0:17:55.160 back if need be, uh, if you end up leaving 0:17:55.160 --> 0:17:57.639 a job and you don't necessarily have a new one yet, 0:17:57.800 --> 0:18:00.119 having a bare bones budget on hand can be really 0:18:00.119 --> 0:18:02.520 helpful because it can help you stretch those dollars even further, 0:18:02.560 --> 0:18:05.560 help you get more months out of your emergency fund 0:18:05.800 --> 0:18:07.959 if need be. It makes me think about when your 0:18:08.000 --> 0:18:10.280