47: Financial Considerations for Leaving Your Corporate Job

Rock Your Reinvention: Tips For High-Achieving Women Who Want to Successfully Exit Their Six-Figure Corporate Career

• Are the golden handcuffs of your corporate job preventing you from pursuing a more fulfilling career?
• Does the idea of investing your money leave you with more questions than answers?
• Do topics like investment strategies, estate planning, and retirement goals make your head spin? (Never mind things like insurance analysis or tax planning.)

If you're looking for someone who can handle a wide array of financial situations, today’s guest interview is exactly what you’re looking for!

Anna Wolford, a certified financial planner (CFP), from Parallel Financial is here to help answer your questions and help you think about money with a fresh perspective!

Anna takes a holistic approach to your personal and professional needs. We dissect how fear might be holding you back from creating the life you desire, share guidance on how to make a career pivot more easily, and why you need an investment advisor or CFP if you want to increase your returns.

Key Takeaways:

1. The Importance of Holistic Financial Planning: When planning your corporate exit or managing your finances, consider all aspects—investments, insurance, goals, and risk tolerance—to make informed decisions.
2. Money is Morally Neutral: Money itself is just a tool, and how we use it determines its value. Breaking down old money mindsets can help shift our perspective.
3. The Downside of Cash Reserves: Sitting on too much cash can have negative consequences due to inflation and other factors. Having an objective partner ensures you strike the right balance for an abundant future.
4. Navigating Fear and Scarcity Mindset: Fear often holds people back from making bold financial moves. Sometimes, creating a ‘manufactured’ scarcity can drive better financial discipline and long-term success.
5. Understanding Different Financial Roles: Knowing the difference between a financial advisor, financial planner, and a certified financial planner (CFP) can help you choose the right professional based on your specific needs.

One stat that I mentioned in the show was, people who have an advisor can 2x their returns, but only 35% of people have an advisor.

I also found this one on NerdWallet: Working on a financial plan now can potentially increase your retirement savings by 4x in the future. (2024 T. Rowe Price Study)

Next Steps: If you're feeling overwhelmed by the financial aspects of planning your corporate exit or just need a more comprehensive approach to your finances, connect with a certified financial planner like Anna Wolford.

Email: [e-mail]
Phone: [phone]
Website: parallelfinancial.com
Connect with Anna on LinkedIn

Don’t go it alone—getting expert advice can save you time, stress, and money in the long run!

If you enjoyed this episode, please consider leaving a review and sharing it with someone who might benefit from these insights. Until next time, keep rocking your reinvention!

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If you're looking for additional support through coaching, visit my website to learn more about working together and my signature program EDIT Your Life™: www.karinfreeland.com/life-coaching
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