A career backup plan is part of your financial plan

Things were going so well for you financially, until your career took a nutty turn. If this hasn’t happened to you, it will. And you most likely know someone whose financial life has already been affected by a sudden career change. Kathleen McDonald Siegmann, founder of Career Investments, recently joined me on The Pete the Planner Radio Show to discuss this very topic.

No matter how good of job you’ve done budgeting and no matter how much money you have saved, a sudden career change can mess you up for years unless you take some time to put together a career emergency plan. Who do you know that could hire you tomorrow, in the event that you lost your job? What parts of your network could you lean on in if your work life started to go awry? Kathleen does a great job addressing these questions and more in the clip below.

 

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