webinar - how to manage your money during a career transition - shireen du preez and lacey filipich
TRANSCRIPT
Shireen DuPreezFounder and Principal
http://elite-human-capital.com
@shireendupreez
WebinarHow to Manage Your Money During a Career Transition
with
Shireen DuPreez and Lacey Filipich
About Shireen
10+ years as an executive search consultant, recruiter and career coach.
International and cross industry experience.
Author, Speaker, subject matter expert on careers.@shireendupreez
About Lacey
Chemical engineer & management consultant in mining across Australia and the USA.
Started investing at 19y.o. and now financially independent.
Getting the word out about lifestyle design and early retirement.
@moneyschoolorg
PLANNED UNPLANNED
$ e.g. Change jobs
savings & investment
e.g. Promotion
savings & investment
$ e.g. Start business
Start ‘trigger’ plan
e.g. Fired or redundant
Start ‘rainy day’
plan
Four types of transitions – all need buffers
@shireendupreez
Average length of job search
Professionals 6-8 weeks
Executives 10-12 weeks Source: Time
@moneyschoolorg
@shireendupreez
Factors which impact length of job search• Your qualifications, skills and experience• Your demographics – age, gender, marriage
status.• Economic market conditions – national,
state and local• Your preferences - availability, location,
flexibility.• Your job search strategy
@moneyschoolorg
3Top
1. Buffer
2. Plan
3. No bad debtStrategi
es
Rainy Day PlanWhat would you sell / stop spending on?
Where would you like to live?
What would you like to do?
Estimate costs, write it all down, put in a drawer – then sleep well!
@moneyschoolorg
“Hope for the best, save for the worst. Immediately cut all the expenses you can, hunker down and be very frugal with your money until you get another steady job.”
@shireendupreez@moneyschoolorg
Suzy Orman
@shireendupreez @moneyschoolorg
Your action steps!
@shireendupreez@moneyschoolorg
Contact Lacey
Email: [email protected]
Subscribe: moneyschool.org.au/blog/
Facebook: facebook.com/moneyschoolaustralia/
@moneyschoolorg
Shireen DuPreezFounder and Principal
http://elite-human-capital.com
@shireendupreez