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Episode 2237:
Cyrus Purnell of Financial Finesse explains the financial mistakes that are easy to make when starting a new job, drawing on his own first change of employer in 17 years. He covers budgeting for a different pay schedule, comparing health insurance options, revisiting your retirement plan and digging into lesser-known employee benefits. The takeaway is to treat a career move as a chance to review every money decision rather than running on autopilot.
Read along with the original article(s) here: https://www.financialfinesse.com/2018/07/10/common-mistakes-to-avoid-when-starting-a-new-job/
Quotes to ponder:
"There is nothing more fundamental to your finances than your cash flow."
"Sometimes you can find hundreds of dollars of savings in your employee benefits, but you have to take some time to read up and maybe do some digging."
"Your employee benefits are a valuable part of your compensation, so make the most of them."
Optimal Work Daily is a daily career advice podcast where we narrate the best articles on productivity, entrepreneurship, and work-life balance, read to you by a professional narrator so you can grow your career a little more every day.
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