How to Weigh Career Moves for Financial and Lifestyle Gains

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 19 August 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn how you could save money by caring less about what other people think and how to weigh the pros and cons of a job offer. How can you save money by not caring about others' opinions? How does commute time factor into whether you should take an in-person job? Hosts Sean Pyles and Sara Rathner discuss freeing yourself from the pressures of social validation and adopting smart spending habits to help you understand how these approaches can boost your financial well-being. They begin with a discussion of saving money by “not caring,” with tips and tricks on avoiding unnecessary spending influenced by social media influencers, focusing on purchases that genuinely make you happy, and recognizing the fleeting dopamine rush from new buys. They also delve into strategies such as choosing unique vintage clothing, the benefits of a capsule wardrobe, and making thoughtful car-buying decisions. Then, hosts Elizabeth Ayoola and Sara Rathner talk to Andrew, a listener in Miami, about his decision to start a new job that would increase both his salary and his commute time. They discuss the trade-offs of job changes, the impact on work-life balance, and questions you can ask yourself to help align your career progression with core values. To see how much car you can really afford, check out NerdWallet’s auto loan calculator: https://www.nerdwallet.com/calculator/auto-loan-calculator In their conversation, the Nerds discuss: financial freedom, mindful spending, frugal living, social validation, smart spending, career decisions, financial well-being, fashion trends, financial fulfillment, savings boosts, self-esteem, social media influencers, vintage clothing, capsule wardrobe, car buying decisions, reliability over status, environmental impact, job change, lengthy commute, work-life balance, company culture, strategic financial decisions, emergency funds, automating savings, daycare expenses, salary increase, family time, freelance work, retirement savings, job switching, higher salary, outsourcing home tasks, remote work, hybrid roles, practical tips, dopamine hits, fashion creativity, and consumer purchases. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Teddy Roosevelt once said,
0:02.0	comparison is the thief of joy.
0:04.6	But if you're not careful,
0:06.2	it can also be the thief of your hard-earned money.
0:09.3	On this episode, we'll help you find ways to save money
0:11.8	by simply not giving up about what people think.
0:17.1	Welcome to NerdWallet's Smart Money podcast.
0:19.7	I'm Sean Piles.
0:20.7	And I'm Sarah Rathner. Later in this
0:22.5	episode, I am joined by our co-host, Elizabeth Ayola, to talk with a listener about how they should
0:27.4	weigh the pros and cons of accepting a job offer that requires a big lifestyle change. Is a bump in
0:33.9	salary necessarily worth it? But first, we're going to talk about how you can save money and probably your self-esteem
0:40.3	by not caring what people think or comparing yourself to others.
0:44.2	If you are a millennial who was bullied into purchasing crew socks because the TikTok
0:48.4	youths made you feel bad about your ankle socks, this segment is for you.
0:53.4	So, Sarah, I know this idea of not caring what
0:55.7	other people think, not basing yourself worth and how you stack up to others and using it as a way
1:00.6	to save money is something that's been top of mind for you lately, right? It actually came up in a
1:05.7	Slack conversation with a coworker where we joked about having to Google certain Gen Z phrases to find out what they mean.
1:12.2	And I remember being 22 in my first full-time job. And co-workers at the time would ask me to define
1:18.2	millennial slang. And now I'm the old. It's kind of freeing, not understanding what people
1:24.8	are talking about sometimes.
	...

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