Podcast: Career Shifts and Cash Flow: Navigating Finances in Career Transitions
A career change can have a significant impact on your finances. It may involve a temporary decrease in income or require additional education or training expenses. A career change may also increase your income, but this could result in a phenomenon called lifestyle creep – where former luxuries become perceived necessities. When making a change in your career path, regardless of whether it’s planned or not, it’s important to re-evaluate your financial situation to ensure that you stay on track to meet your financial goals.
Wealth Management by CommunityAmerica Wealth Advisor, Taylor Ahern, and CommunityAmerica Financial Well-Being Coach, Ryan Steitz, discuss different financial strategies to consider when changing careers. Learn about transitional budgeting and instilling smart investing habits in the Community Conversation podcast. Listen in at the link below.
