Ryan Inman: Financial Tips to Help Prepare for Your Quit!
Release Date: 09/03/2019
Should I Quit 'Quit Happens'?
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Well friends, all good things must come to an end...or must they? Take a listen to how the Quit Happens podcast got started, what role it served, and why I'm considering quitting my own quitting podcast!
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Chris Marhefka: The Many Quits Required to Find a Life of Alignment
Quit Happens | How (and why!) to strategically quit your job, leave your relationship, or part ways with toxic mindsets.
Chris Marhefka had the American dream. He owned a number of successful businesses, he had a happy marriage, heck, he was even on TV at one point! But when he dove into personal development, he realized how many of the things that seemed to be perfect were actually holding him back from his full potential and a life lived in true alignment. So he quit...and quit and quit and quit...his way to a new level of happiness.
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Quitting COVID Fear Overconsumption
Quit Happens | How (and why!) to strategically quit your job, leave your relationship, or part ways with toxic mindsets.
Is there a pandemic? YES. Do we have to spend our quarantined days in fear? NO
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Kyle Brown: Facing Fears: When Making Big Quits Means Abandoning the "Secure" Life
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If you've faced quitting a job to strike out on your own but feared letting go of that steady paycheck and stability, this episode is for you. Trainer, nutritionist, and all-around health expert Kyle Brown tells us how a near-death experience led him to face that fear and make the quit... and the incredible things that have happened since
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Quitting My City, My Home, and My Comfort Zone: Lessons learned from my month in Colombia
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Well friends, big updates in my life - many quits on the horizons. And lessons to be learned in quitting attachments that may be holding you back!
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Mike Salemi: Gracefully Navigating Quits that Affect the Ones You Love
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Ever had to make a quit that could impact your entire family? Kettlebell sports champion and trainer extraordinaire Mike Salemi did, and he shares how he was able to preserve his relationships while doing what he knew was best for himself and his future.
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The Pre-Quit! How to say NO now, so you don't have to QUIT later!
Quit Happens | How (and why!) to strategically quit your job, leave your relationship, or part ways with toxic mindsets.
In today's episode, I answer a listener question on how to know when to QUIT something before you've even agreed to it...meaning how to know when to say NO now so you don't have to face a QUIT later!
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Dr. Nisha Mehta: Let Your WHY Be Your Guide: Quitting Your Way To Work-Life Balance
Quit Happens | How (and why!) to strategically quit your job, leave your relationship, or part ways with toxic mindsets.
Many people feel like their job has to be all or nothing. This is especially true in very demanding fields like medicine and law, where the expectation is that the hours are long and the work is intense.
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The New Year's Eve Quitstravaganza - What are you quitting as we move into 2020?
Quit Happens | How (and why!) to strategically quit your job, leave your relationship, or part ways with toxic mindsets.
Making resolutions for the new decade? Well how about making some promises to QUIT the things that aren't working for you and leave them in this decade? Mindsets, habits, jobs, relationships - if they're not taking you places you want to go, maybe don't take them into 2020!
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My Favorite Holiday Quits (a not-exactly fireside chat w/ Lynn Marie)
Quit Happens | How (and why!) to strategically quit your job, leave your relationship, or part ways with toxic mindsets.
This holiday season, are you stressed about presents? Dreading family gatherings? Feeling lonely? Refusing to let yourself stop working?
info_outlineAre you financially prepared to quit your job to start something new? There are so many aspects you need to consider, and financial expert, Ryan Inman, is proof that sometimes taking that leap with only your savings account is enough to land on your feet.
Ryan started his business, Physician Wealth Services, after leaving a hostile work environment. He got to the point where he just couldn’t take it anymore, so left his job without any notice. While Ryan landed feet first, he also had a solid savings account built up after years of working.
Perhaps the most important interpersonal lesson from Ryan is that you should always endeavor to help people without the expectation of anything in return. This is how you build relationships and your network, even if you didn’t have an existing one when you started your new venture.
Ryan talks us through how to prepare your finances for quitting your job. It starts with knowing how much you spend each month, building a savings pot (or nest egg), and speaking with people in your new industry about what kind of money you can expect to bring in.
When it comes to saving money, it’s easy to listen to experts weighing in on your weekly Starbucks. But why should you cut something out of your life that brings you joy? Save money on something that you don’t like and that isn’t necessary.
Finally, Ryan gives us the low-down on student loan debt. There are things you need to know about your student loan repayments, even if you aren’t thinking of quitting your job. But if you are, there’s also a host of things you should avoid if you’re encumbered with debt.
Do you know how much money you’re bringing in each month, and how much you’re spending? What expenses can you cut out of your life to save money? How will you handle your debt when you quit your job? Let us know in the comments on the episode page!
In This Episode:
- What happens when you take a leap and leave a job without notice
- Why you need to leave hostile work environments when there is a better life out there
- How to build your network from the ground up
- Why you should help people without any expectation of something in return
- How to prepare your finances for quitting your job
- Why you should speak to people in the career you want to switch to
- How to choose what to save money on; it’s not necessarily about the Starbucks
- What some things to avoid are if you want to quit while you have significant amounts of debt
- What you need to know about student loan repayments
Quotes:
“If I don’t do this now, I’m never gonna do it. So let’s jump in!” (6:56)
“When it comes to saving money, I want you to think about cutting something that doesn’t make you as happy as other things.” (18:15)
“If you have student debt, it might stink, it’s not the sexiest thing in the world, but please understand what kind of debt you have. Is it federal, private, what repayment options are available to you because before you quit, you want to understand this? It might have drastic implications on what you do going forward with your loans.” (24:21)
Links
Find Ryan Inman and Physician Wealth Services Online
Follow Ryan Inman on Twitter | LinkedIn
Get 10% off your order of Remarkable Wellness adaptogenic mushrooms with code QUIT10!
Check out the full episode post here
Keep up with everything Quit Happens here
Follow Lynn Marie on Twitter | Facebook | LinkedIn | Instagram
Podcast production support by the fine folks at Counterweight Creative