4.6 • 631 Ratings
🗓️ 15 February 2018
⏱️ 46 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | Hey, I'm Shawna Compton Game. This is Millennium Money, and today we're talking unplugging in the Texas Hill River region. |
0:25.3 | Millennial Money with Shawna Compton game. |
0:29.4 | It will expand your brain. |
0:42.0 | Hey, we've got another Ask Shana question, and this question comes from Dakota. |
0:46.4 | Dakota says, hi, Shauna, I'm planning to move to a new city without job prospects. |
0:51.8 | I'm willing to work any job, but I want to be prepared to not have a consistent income. |
0:53.8 | How much should I save before leaving? |
0:56.0 | I have about $12,000 in savings, but the cost of living in the new city is significantly higher than in my current location. |
1:01.7 | Should I aim to cover expenses for a certain period of time? What's the best way to predict expenses |
1:06.8 | from across the country? Is it possible, in your opinion, for me to make this move and stay |
1:11.6 | financially intact? I'm too much of a planner to make this choice impulsively. Thanks in |
1:16.9 | advance for all your advice, Dakota. Well, Dakota, that is an awesome question. And I pick this |
1:23.2 | one specifically because I'm getting a lot of questions lately about people wanting to move, wanting |
1:29.0 | to even move out of the country or just to another state and trying to figure out whether it |
1:33.6 | makes sense. So I think there are a couple of things to think about. The first is, you know, |
1:39.6 | can you at least make some connections on LinkedIn or with friends in your new city to start |
1:46.5 | finding out about possible jobs before you even make the move. That's really going to give you |
1:52.7 | a leg up when you get there and you start looking for a job. But I think the important thing is |
1:59.1 | to try and at least get some kind of job once you |
2:02.0 | move, even if it's part time or a lower paying job, just to reduce the drag on your savings. |
2:08.9 | You know, a lot of times we're like, well, I'm going to hold out for my perfect job, |
2:13.1 | but holding out for your perfect job could sometimes take months, if not years, and really could leave you, |
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