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Life Kit

Can you afford to make a big life change?

Life Kit

NPR

Health & Fitness, Self-improvement, Kids & Family, Education, Business

4.33.9K Ratings

🗓️ 30 September 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

Longing to quit your job and follow your passion? Or perhaps take a break to travel? Or move to a new place? First, you'll need to look at your finances. In this episode, Jill Schlesinger, a certified financial planner and business analyst for CBS News, walks through her five steps for assessing your financial situation before a possible life change. This episode originally published Feb. 28, 2023. 


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Transcript

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0:00.0

This message comes from the podcast Landlines with Allison Williams.

0:04.1

The girls and get-out actress and her lifelong best friends,

0:07.3

an early childhood educator and behavioral therapist,

0:10.0

invite you to join the group chat every new parent needs.

0:13.4

Listen wherever you get your podcasts.

0:16.0

You're listening to LifeKit from NPR.

0:23.3

Hey, it's Mariel.

0:25.4

Have you ever found yourself toiling away at work, feeling completely burnt out, and thinking,

0:31.8

you know, what if I just quit?

0:34.4

Could I do that?

0:35.7

Or maybe your work situation isn't dire. Like, it's fine, but you're ready

0:40.8

for something new. You want to try another kind of job or start your own business. Or maybe you want to

0:46.9

leave a marriage or move from your cold, dreary home state to a tropical climate that also happens

0:53.9

to be more expensive.

0:55.6

So often these callings feel impractical and out of reach.

1:00.3

And you might feel like, how could I leave something I've invested so much into?

1:05.6

This is called the sunk cost effect.

1:07.1

It's actually like behavioral economics.

1:10.2

And it's actually pretty dangerous because just

1:13.3

because you've sunk some time, energy, and money into something doesn't mean that's the best

1:18.9

thing for you to continue doing. That's Jill Schlesinger, a business analyst at CBS News, an author of the

1:24.6

book, The Great Money Reset. She says, if you're considering a reset,

...

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