2213: My Very Best Career Move by Lisa Whitley with Women Who Money on Career Change

[00:00:00] You're listening to a quick ad. You know what else is quick? Selling your car on Carvana. Just put in your vehicle information and we'll give you an offer. Done. No hassle, no negotiation, no guy from an online listing lowballing you. Which means by the time I'm done explaining this, you could have basically done it. Still haven't started? Hey, better late than never. Sell your car today on Carvana. Pickup fees may apply.

[00:00:29] UKG is the workforce operating platform with unified HR, payroll and workforce management. Built to solve the unique challenges of frontline work. Powered by People First AI and decades of labor data, UKG turns workforce intelligence into real time decisions around staffing, pay, compliance and productivity. Enabling every worker to confidently take action as work happens. Because when work works, everything works. Learn more at ukg.com slash work. UKG, HR, pay and workforce management.

[00:01:00] This is Optimal Work Daily. My very best career move by Lisa Whitley with womenwhomoney.com. Because it was a village called Zambezi and it was in Zimbabwe, I had arrived, alphabetically speaking, at the end of the world. And it was the best career decision I had ever made.

[00:01:19] In 1991, I was hired by the San Francisco branch office of a major Wall Street firm. Since defunct, while I was completing my MBA in finance in the evenings, working with government bond salesmen, they were all men, my stated job was administrative support. My real job was to watch and listen and learn. A couple of years later, degree in hand, I was promoted to an analyst position at their New York headquarters. And so, I was on my way.

[00:01:47] Wall Street in the early to mid-90s was on the heels of the previous decade's introduction of Gordon Gekko and leveraged buyouts to the public discourse. And just before the glamorous rise and fall of dot-coms, Wall Streeters were not regarded as the good guys. But then, as now, there was some amount of public fascination with the prominent personalities. And the money, of course. Much less of it then than now, but still.

[00:02:12] So, you can imagine that when I pulled up stakes after four years in Manhattan and joined the Peace Corps, there were questions. What was I thinking? It was the best career decision that I had ever made. I did not actively dislike my investment bank career, but I didn't have any particular affection for it either. I enjoyed the salary, obviously, but it wasn't enough to compensate for that familiar-to-many Sunday night ennui, or even dread when you realize that you're on the cusp of yet another work week.

[00:02:39] So, why Peace Corps? I knew that I wanted to travel, not just for vacation, but to live overseas for an extended period. I had a broad interest in the economics of developing countries. But that's all I knew. I didn't have a lick of practical experience in any of this. Nor did I know what kind of job I wanted or even who an appropriate employer might be. I solved the conundrum by finding a quote-unquote employer that checked my most essential box,

[00:03:06] the opportunity to work overseas in a job broadly related to economic development. The trade-off was that I wouldn't receive pay, an unconventional choice in your mid-30s. I was fortunate. A few years at an investment bank meant that I could afford a break from paid work. My new career. Working for a United Nations-funded NGO, my job was to advise new entrepreneurs as they established their businesses. The most important lesson I learned was that P&L statements and competent marketing strategies

[00:03:35] had very little correlation with business success. Instead, it was essentially the confluence of political intrigue, macroeconomics, and social norms that drove the developing businesses' outcomes. Peace Corps was immediately followed by another tour through graduate school. Then, finally, an 18-year career as a foreign service officer. That career would not have happened without making the initial investment in Peace Corps. Those two years in Zimbabwe gave me the information I needed to uncover the specific aspect of international economic development

[00:04:05] that could be my passion. It provided a proof of concept that I could enjoy living in a developing country. In Zimbabwe, I came to understand who the different players are in the international development industry and where my skills would fit in best. I believe the general contours of my experience, if not the specifics, are broadly replicable. The biggest obstacle to making a career switch can be the very understandable compulsion that you need to know exactly what the next chapter will look like before you take the plunge.

[00:04:33] Not being able to completely articulate that future state can easily lead to paralysis. Becoming a Peace Corps volunteer was obviously not going to be my ultimate next career. Rather, I identified a next step that responded to the two things that I did know I wanted. I used the information I gained at my Zimbabwe career way station to decide where to go next. Financial Aspects The personal finance part of my experience is also generalizable.

[00:05:01] While fully acknowledging that I had the great benefit of a well-paid job for several years, nevertheless, I was considerably aided by the fact that I had consciously chosen less expensive and, yes, less prestigious schools for both my bachelor's degree and MBA. At the time of those decisions, I did not have the slightest clue that my path would lead me to the Peace Corps. Still, I instinctively put a high value on maintaining flexibility. I could pull up stakes not because I had a particularly large savings account,

[00:05:30] but because I was unencumbered by debt. A zero-salary intermediate step may not be realistic for many, but the choices that you make now can allow you the freedom to flex later. Final Thoughts I said that joining the Peace Corps was my best career decision, but in retrospect, perhaps it was the collection of micro-decisions in the preceding years that were the best decision. Those are what provided the financial and emotional ballast to take that tremendous leap of faith.

[00:06:03] You just listened to the post titled, My Very Best Career Move, by Lisa Whitley, with WomenWhoMoney.com. Shaq here. What's it like to buy a car from Carvana 100% online and get it delivered to your door? Let me tell you. Your car is here, Mr. Shaq. Thank you, Mr. Carvana guy. Can't wait to take it for a spin. Only the best for you, Mr. Shaq. Hey, have you always been so big, tall, and handsome? Not always. I was 6'10 once. Seven days to love it or return it, Mr. Shaq. Not that I would.

[00:06:32] You never do. No, I never do. So buy your car today on Carvana. Delivery fees may apply. See our seven-day return policy at Carvana.com. UKG is the workforce operating platform with unified HR, payroll, and workforce management built to solve the unique challenges of frontline work. Powered by People First AI and decades of labor data, UKG turns workforce intelligence into real-time decisions around staffing, pay, compliance, and productivity, enabling every worker to confidently take action as work happens.

[00:07:01] Because when work works, everything works. Learn more at UKG.com slash work. UKG. HR, pay, and workforce management. And a big thank you to Lisa, who is a team writer over at Women Who Money. And I also, of course, want to give our appreciation to Amy and Vicky, who co-founded the site, Women Who Money. And it is a website that provides helpful information on personal finance, career, and entrepreneurial topics so that you can confidently manage your money, grow your net worth, improve your overall

[00:07:31] financial health, and eventually achieve financial independence. To check out more of their content, you can visit them online at WomenWhoMoney.com, where you will find, among other things, some great articles, as well as directories, recommendations, a glossary, and more. So again, you can find all of that over at WomenWhoMoney.com. But I think my work here is done. That's another edition of Optimal Work Daily in the books. I hope you have a great rest of your day, and I will see you back here again tomorrow,

[00:08:00] where your optimal life awaits. I hope you have a great rest of your day.