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Financial Independence as a Key Goal of Successful Career Planning, with Paul Burrows (Ep 17)

Financial Independence as a Key Goal of Successful Career Planning, with Paul Burrows (Ep 17)

FromThe Job Hunting Podcast


Financial Independence as a Key Goal of Successful Career Planning, with Paul Burrows (Ep 17)

FromThe Job Hunting Podcast

ratings:
Length:
34 minutes
Released:
Feb 12, 2020
Format:
Podcast episode

Description

I want this podcast to be a one-stop-shop for you: career enthusiasts, job hunters, veteran professionals facing career disruption and transition, rising stars who want to learn as much as they can to enable their career progression and goals. Here you will to hear from experts and professionals that came before you, are a few years or decades ahead and have great stories and examples to share on how they have achieved their career goals.
For Paul Burrows, our guest today, the goal was to become financial independent and having the ability to make choices about where and when we wanted to retire, or how much he and his wife wanted to work. Paul is now financially independent and a few years ago he decided it was time to retire. He has been a great mentor to other professionals and takes a keen interest in career development, so I believe he is a great fit for this podcast, both with his career experience and knowledge, as well as by having the right mindset of giving back and helping others achieve their best.
Here are some key take-ways from the interview with Paul:
Redundancy experience:
Outplacement services only work to a certain point, but you need to be proactive and do the work yourself.
Be informed about what is going on in the corporate world: Paul reads the Australian Financial Review every day, and doing so during redundancy made him choose strategically his next steps.
Paul’s goal was not to waste his redundancy: I believe he meant both the financial package and the opportunity to Reset His Career!

 
Career Transition
If investing in education, do so for certifications and studies that are an absolute requirement for your career transition: Paul studied to become a Financial Planner, so in his case the training was a requirement.
Understand the difference in status you will experience by shifting careers, sectors and be ok with it: It’s a humbling experience.
Leverage from your previous career’s strengths, your original DNA, to help you springboard and move faster in your new career: In Paul’s case, once he gained initial experience as a Financial Planner, his business background got him higher paying jobs.

 
Retirement:
Test the waters before exiting the job market by doing contract roles and consulting.
Understand your personal needs: If you are like Paul’s wife and the social interaction and work still brings you joy, financial independence gives you the choice to also continue working, if you wish to!

 
Financial independence**:
Financial independence gives you choice.
Reward yourself by saving, not spending.
It’s never too late to start planning.
Set financial goals.
Understand that there will be sacrifices and that it can be boring.
Wealth is not income – wealth is assets.
Paul’s heros have been professionals that, with average incomes, were able to achieve financial independence.

 
 
I look forward to speaking to you soon! Remember to book your session with me by joining my community here: https://www.renatabernarde.com/join *
I hope you enjoyed this episode; look out for another great one coming up next week!
Bye for now
RB
*The career strategic sessions are only available for free for a limited time only, so if you are reading this in the future, the link may have gone, sorry!   
**The information in this podcast is general in nature and does not take into account your personal circumstances, financial needs and objectives. Before acting on any information, you should consider if it is appropriate to you and in particular, you should seek independent financial advice.
 
 
 
How to book a free career session with me, subscribe to my newsletter and download my free guides?
When you join the Reset Your Career Community, you will access high quality advice to help you make better plans for your future, apply for jobs with ease (and no stress), and feel in control of your career. Learn more here: https://www.renatabernarde.com/join 
 
Where to listen to this podcast and subscribe for future episodes
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Released:
Feb 12, 2020
Format:
Podcast episode

Titles in the series (100)

This is a podcast for well-informed job hunters and career enthusiasts. Hi, my name is Renata Bernarde. in 2018, I left my job to help others get their careers on track. My love for coaching started at a very young age. Over time, I realized that many professionals don’t know how recruitment & selection works, which negatively impacts their career progression. Today I host The Job Hunting Podcast, a 5-star rated show listened to in over 50 countries. I also coach the Job Hunting Made Simple program, teaching professionals the steps and framework to make career advancement simpler and less stressful. I live in Melbourne, drink too much coffee, and some say I can talk underwater :). Please subscribe, leave me a rating, write a review, and let the people you care about know this podcast exists! You can also learn more about me and my coaching services on www.renatabernarde.com. Do you want me to be a guest on your podcast? Speak at your event? Coach you? Reach out via email at rb@renatabernarde.com, and let’s make it happen!