This is how the pandemic — and the Great Resignation — reshaped the rules of personal finance.
. Many of those callers were considering their own Big Quit, but they weren't sure whether they could do it, or how to go about it.Schlesinger says questions about switching jobs with a view to achieving better work-life balance aren't unheard of in the personal finance world, but they became a lot more common during the pandemic. She describes herself as inundated.
"I would say to people, you're just starting out. Here's what you have to do: You need an emergency reserve fund, you need to pay off your debt, and you need to try to put money into retirement. And I would often give those things equal weight." Schlesinger says COVID-19 put end-of-life considerations onto the front burner for a lot of people. She heard an especially painful story from one caller, who told her about a blowup over a family business."Someone died and there was a small business involved and there was no instruction. Like, 'what are we doing with this business? Well, dad would've wanted us to keep it, but mom really needs the money.
The big barrier to making change — even when it seems the obvious choice — is fear. But the way Schlesinger sees it, the pandemic forced change on a large number of people. And they had to face those fears.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
80% of Workers Who Quit in the ‘Great Resignation' Have Regrets, According to a New SurveyA new study from Paychex reveals that the majority of professionals who quit their jobs during the great resignation now regret their decision.
Read more »
Majority of workers regret quitting during 'great resignation'Workers who quit their jobs during the 'great resignation' now regret the decision, finding they miss their work friends and a healthy work-life balance.
Read more »
This Spring's 'It' Bag Will Make Your Office Commute EasierThe Spring 2023 Bag Trends Celebrate the Power of Purses
Read more »
Mastercard’s NFT Leader Quits, Mints His Resignation Letter on the Way Out'I have long been fascinated by the potential of Web3 to change the world for the better and I believe that now more than ever is the right time for me to fully immerse myself in the space,' wrote Satvik Sethi.
Read more »
Mastercard's NFT product lead leaves role, mints resignation letter as NFTTo finance his next step, Sethi minted his resignation letter as an NFT for 0.023 ETH. So far the mint netted him $624.
Read more »
Nifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and moreThe Bitcoin Ordinals project is raising transaction fees on the blockchain, Mastercard’s nonfungible token (NFT) lead has quit and minted his resignation letter, eBay has opened new roles related to Web3 and OpenSea creators get a bunch of new tools.
Read more »