"My Job Pays Well, But I Hate It" - What Should You Do?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.2K Ratings
🗓️ 8 November 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:06.8 | investing, taxing. You've got financial questions, he's got financial answers. It's Brian Preston, |
| 0:14.0 | the money guy. Brian, this next question is from Aaron. This is like a life advice question |
| 0:23.0 | from the money guy. I'm 25 and way ahead on retirement savings, but I hate my job. The jobs I |
| 0:32.0 | really want, let's get Southern, the jobs I really want pay very poorly. How can I evaluate when |
| 0:40.1 | my army of dollar bills is strong enough to leave my job? So a young person has a job, pays well, |
| 0:48.7 | saving well, not happy, not content. How do you go about thinking, man, do I do this for a while |
| 0:57.5 | and kind of, quote unquote, suffer through it to build up a base or do I make a shit? How do |
| 1:03.8 | you navigate that? What's some advice that you would give to Aaron? It really is that whole |
| 1:09.3 | what's the why and building up and here's the question I'd have you say everything you want to |
| 1:14.1 | do doesn't pay well, is it doesn't pay well temporarily or is it doesn't pay well ever? |
| 1:19.7 | Oh, that's a huge difference. I think about because we even have a section of the office |
| 1:24.9 | tour whenever you guys come into the office, we call career changers corner where we've got |
| 1:31.2 | engineers, we've got music producers, we've got doctors, we've got former public accountants |
| 1:37.2 | that have all made the transition to becoming great financial planners. Look, in this industry, |
| 1:43.4 | if you're doing it right now, look, there's people always say do you want to be the stacking healthy |
| 1:49.3 | financial planner where you're building up clients over time or do you want to be the rock star |
| 1:53.6 | financial planner where you're selling everybody whole life insurance and making a fortune is |
| 1:57.2 | assuming your family's wealthy and you have enough friends and family that you can hook up and |
| 2:01.8 | and and and and and and and and feed off of. Most people, I think the healthy way is you're going to |
| 2:06.2 | do it slowly over time. So it's not uncommon if you transition to the career of like financial |
| 2:11.9 | planning. It's also the 10,000 hours needs to be paid respect to you might do this five, six years |
... |
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