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How one woman saved 50% of her income to fund a career change

How one woman saved 50% of her income to fund a career change

FromCooking the Books with Frances Cook


How one woman saved 50% of her income to fund a career change

FromCooking the Books with Frances Cook

ratings:
Length:
35 minutes
Released:
Dec 25, 2022
Format:
Podcast episode

Description

Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how one New Zealander used financial independence to fund a career change. Hosted by Frances Cook.
We often talk about financial independence in terms of its most famous acronym, FIRE, for Financial Independence, Retire Early. 
But many people chasing financial independence aren’t actually interested in retirement. They’re instead after the financial security that allows them to make whatever career choice is best for them. 
Hopes and dreams are all well and good, but unfortunately, it often takes money to fund them. 
Many of us would be interested in starting our own business or going after a career change, but the reality is, it’s hard to make that leap without some financial security behind you. 
Today’s guest knows all about that. 
She went from spending everything she earned, to saving 50% of her income, within a year. 
She then used that to reconsider her career options, start a side hustle, and then dove in to turn that side hustle into her own business. 
Here’s how she made it work. 
For the latest podcast, I talked to Christel Maurer, from The Money Journey.
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Released:
Dec 25, 2022
Format:
Podcast episode

Titles in the series (100)

Each week the New Zealand Herald and BusinessDesk's Cooking the Books tackles a different money problem. Hosted by Frances Cook.