This week on Careering with Kevin Cameron, we are joined by Todd Roselle, a good friend and founder of Blue Rock Financial Group. Todd shares incredible insight on the financial psychology and planning for career changes. Many clients approach Todd when they are moving towards being "more in control of their time" or simply face unplanned financial situations.

We dive into the critical importance of creating a personalized financial strategy that prepares you for any pivot. Todd emphasizes that money management is a constant thing, and stresses how a little planning can make a big difference in how soon you can leave an uncomfortable work situation. We talk about the biggest fear people have when considering a career transition, which is usually related to money. Todd gives tangible tips for mitigating the stress of job uncertainty and what to do when contemplating a significant professional change.

Key Takeaways

Financial Freedom is about building a buffer and designing your life to provide for your family, not just accumulating wealth.

The biggest financial fear during a career change is uncertainty, which can be overcome by planning for different "what if" scenarios.

Proactively saving into accessible accounts like a brokerage or cash reserve is a great way to be prepared for an unplanned layoff or period of transition.

Retirement Planning often involves coordinating tax strategy, investment allocation, and retirement income streams, especially when transitioning careers later in life.

Episode Highlights

The biggest tip Todd gives people around financial readiness for a job change.

The three buckets of money and where to save your accessible cash reserves.

Why the Affordable Care Act and COBRA are critical components of a career change plan.

The importance of thinking about your money consistently versus constantly.

Why people "get stuck" in their jobs and the role planning plays in finding freedom.

Timestamps

0:15: Why Todd is the perfect guest for a career conversation

2:40: The financial reality of unplanned career changes

6:35: The mindset shift needed for financial control

11:55: The biggest fear clients have when changing jobs

15:00: Where you should be putting your money now for career pivots

18:40: How to treat your savings like a "next door millionaire"

21:10: Health coverage options like COBRA and ACA

25:25: The psychology behind why people stay in jobs they don't love

30:10: How your network is your net worth in job searching

34:50: The two important timelines to remember for investments

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Production Credit: Edited and produced by @the32collective_ / https://www.the32collective.co/

Connect with Todd

bluerockfg.com Blue Rock Financial Group - Advisor & Planning Service

In this episode, Kevin Cameron tackles the job search journey, particularly focusing on the challenges and opportunities presented by the end-of-year holiday season. He emphasizes the need for job seekers to maintain a strong level of engagement and actively continue networking, even when things are slowing down. Kevin Cameron highlights that while the process might be slower in November and December, and pick up again in January, candidates should focus on leveraging this unique period. He states that right now it's an opportunity to reframe the search and focus on refining your approach and skills.

Kevin Cameron encourages proactive steps like having your 'elevator pitch' ready and being prepared to talk about your job search strategy, even with friends and family during holiday events. He advises that networking during the holidays can be less pressured, stating, "It seems like a little bit too much, but it's not crazy. And you can notice it in a good time and people that don't want to be that person, okay?".

Key Takeaways

Negotiation is a professional skill you should always try to use, and many people don't negotiate salary, so asking puts you ahead.

The holiday season slows the hiring process but creates unique networking opportunities and less competition, so stay engaged and keep up the momentum.

Use the slower period to improve your elevator pitch, job search strategy, and overall narrative for better positioning in the new year.

Attend holiday events and strategically reconnect with people , making sure to ask how you can help them first before asking for a referral or opportunity. Be aware that hiring slows down, especially after November , and plan for a strong restart in January.

Timestamps

00:00:23 Today we're going to highlight several things that we're going to talk about today.

00:00:46 So, you're considering what to do next with your job search.

00:01:42 Kevin Cameron would encourage you to also share it with somebody else.

00:03:04 So, it's not going to be the fastest thing on earth.

00:03:33 Most people are going through this process when.

00:04:36 I cannot emphasize enough good contacts and good connections.

00:05:32 And that's reconnecting. 00:06:40 That's the one rule that we should emphasize.

00:07:07 Should I take time off for the holidays?

00:07:37 The process will be a little slower.

00:08:08 So, that's what we want to talk about.

00:09:40 So, and this also plays in really well.

00:10:48 Make sure that you understand the terms.

00:11:43 But there's several different things that you can look to.

00:12:47 So, you should always be talking to the next person.

00:13:21 Can you also utilize AI?

00:14:15 So, right now, around the end of November and the end of December.

00:15:08 But that's the next piece.

00:15:37 You need to reconnect to those folks.

If you found this advice valuable, please hit subscribe , leave us a review or follow @careeringwithcameron_ so you don't miss our next episode! Share this episode with a friend currently navigating the job market!

Production Credit: Edited and produced by @the32collective_ / https://www.the32collective.co/

In this episode, Kevin Cameron tackles the often nerve-wracking process of negotiating a job offer. He provides listeners with a playbook for confidently navigating salary, benefits, and overall compensation. The key is approaching negotiation as a problem-solving exercise, not a battle, and understanding that negotiation is often expected and not a mistake. Kevin Cameron reminds you that "they're typically going to have some buffer, a little bit of a little bit of a little bit more, more, more charged emotionally than others ." The goal is to get to a place where both parties feel it works well, ideally landing you somewhere in the max band of their salary range.

Key Takeaways

Negotiation is a professional skill you should always try to use, and many people don't negotiate salary, so asking puts you ahead. Know your target number and your "walk away" number before you start. You should aim to negotiate more than just salary; consider benefits, tuition reimbursement, and other pieces of the total compensation package. Have a clear understanding of the full job offer, including the benefits statement, to ensure you're making the right decision. Avoid letting the process become emotional or adversarial; keep it calm and controlled.

Episode Highlights

Understanding the Negotiation Process: Learn how the different layers—the recruiter, the HR generalist, and the hiring manager - are typically involved in negotiation.

Compensation and Benefits: Kevin Cameron details the many items that can be negotiated, including professional development/tuition, sign-on bonuses, PTO, and flexible work arrangements.

The Power of Asking: Discover what stops people from negotiating and why you should absolutely go for it, using your current and future role as leverage.

Timing Your Negotiation: Understand when in the process you should introduce a negotiation and how to manage the back and forth.

Timestamps

00:00:54 We're going to dig into negotiation: Kevin Cameron starts talking about why negotiation is important and why people should do it.

00:01:21 It's a very scary place: Hear how common it is to find the negotiation process intimidating and what the right mindset should be.

00:01:40 The kind of things we do: Learn about the importance of homework and representing yourself in the negotiation.

00:03:40 You're pretty blunt: Discussion around transparency and how being direct in your needs can be an advantage.

00:05:32 First piece of information: Understand the importance of obtaining your total rewards statement and what it details.

00:06:50 You can negotiate: An overview of the various components beyond just salary that are negotiable, such as paid time off and flexible work.

00:10:04 Professional development: Digging deeper into non-salary items like tuition reimbursement and development budgets.

00:14:18 Signing bonus: Insights into what a signing bonus is and the "clawback" clause often associated with it.

00:15:33 The recruiter: Explaining the role of the recruiter (whether third-party or in-house HR) and their position in the negotiation process.

00:20:00 Don't fake it: Advice on maintaining authenticity and avoiding attempts to bluff during negotiation.

If you found this advice valuable, please hit subscribe, leave us a review or follow @careeringwithcameron_ so you don't miss our next episode!

Share this episode with a friend currently navigating the job market!

Production Credit: Edited and produced by @the32collective_ / https://www.the32collective.co/