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Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living ...
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We dive into a common listener question: Can I afford a career break or sabbatical? Career breaks for family, travel, burnout, or realignment are becoming increasingly common, and we wholeheartedly support the idea. However, the financial and mental preparation required for taking time off extends far beyond just checking your savings account balance. We provide essential, step-by-step guidance on all the considerations to thoughtfully answer this question, including your emergency fund, medical insurance, rehireability, planning for the worst-case scenario, navigating debt, and more. Learn how to create a financial plan that ensures you enter your break from a position of financial strength and confidence.
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/139-can-i-afford-to-take-time-off-financial-considerations-for-a-sabbatical-or-career-break/
142 episodes
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