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Radical Personal Finance

390-How (and Why) to Engineer Your Layoff! Interview with Sam, the Financial Samurai

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 26 October 2016

⏱️ 79 minutes

🧾️ Download transcript

Summary

Have you ever thought about engineering your layoff from your job as a means to advancement to your next opportunity?

After all, if you get laid off instead of quitting, there are a whole host of benefits to you. (severance, health insurance, etc.)

But, how do you do it?

And, is there a way to do it ethically?

My guest today has written the book on the subject.

His name is Sam and he is the writer behind the popular personal finance blog www.FinancialSamurai.com and his book is entitled "How to Engineer Your Layoff: Negotiate a Severance and Be Free!"

Enjoy the show.

Joshua

 

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge,

0:05.2

skills, insight, and encouragement you need to live a rich and meaningful life now while

0:11.8

building a plan for financial freedom in 10 years or less.

0:14.7

My guest today is Sam from Financial Samurai and Sam.

0:18.3

Primarily we're going to talk today about your book.

0:20.6

I want to dig into it as I think this is such a valuable topic. Your book is

0:24.0

is called How to Engineer your layoff, negotiate a severance and be free.

0:27.0

But before we get to that, you have an interesting financial independence

0:31.0

and financial freedom story of your own, which in my opinion

0:35.2

very much fits the tagline of this show.

0:37.9

I'd love for you to share a little bit about your career history and how you moved from the place of an employee through the ranks and ultimately wound up becoming a

0:47.1

financial independent, becoming financially independent to set the context for our conversation today.

0:52.2

Sure, well thanks for having me on the show.

0:55.0

It's good to be here.

0:56.0

Financial Samurai started in 2009 during the depths of the financial crisis.

1:01.0

I was actually working in the financial services industry and

1:06.4

basically I was losing all my money. I thought I did everything right. I had a

1:09.8

diversified net worth, but my net worth was getting pounded just like everybody else by probably

1:15.2

around 35% in a matter of 12 months, really, during the depth of the crisis.

1:23.1

So I started a financial samurai just to try to make sense of all the chaos.

1:26.2

My career started in 1999.

1:29.2

I graduated from college then.

...

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