Transcription
Julie Finn:
You know when I took a job, in my head it was my forever job. It was, "I'm going to retire from this company." Because I had the structure, because I had the support, I had a very clear plan and I had very clear strategy in place and that made all the difference.
Bobbi Rebell:
You're listening to Financial Grown Up. With me, financial planner, Bobbi Rebell, author of How to be a Financial Grownup. You know what? Being a grown up is really hard especially when it comes to money, but it's okay. We're going to get there together. I'm going to bring you one money story from a financial grownup, one lesson, and then my take on how you can make it your own. We got this.
Bobbi Rebell:
Hey Financial Grownup friends. I remember my first day at my first post college job as what was called a news associate at CNBC and thinking, and this is true, "This is literally the best job on the planet. I can't believe I got the job. There's money associated. It comes every two weeks. I would literally be happy doing this job forever." I wanted it to be my forever job. I hope you guys have all had that feeling, the excitement and optimism of working somewhere you hope you can stay forever.
Bobbi Rebell:
That was Julie Finn at Deloit. She climbed her way up in the consumer product strategy field and had finally made it. They were super family friendly there. Whatever she needed, they were going to work with her to make it happen. But then, something changed. We'll get to that in a sec.
Bobbi Rebell:
But just quickly, welcome to our new listeners. So excited the show continues to be discovered and thank you to all of you regulars for sharing it. Please keep telling your friends. Word of mouth is everything. It is the best way for people to find out about our program. It matters a lot. We keep it short, as you guys know, around 15 minutes, but a lot of our listeners like to stack a few together. Think of it like flex time for podcasts.
Bobbi Rebell:
Let's get to Julie. She is a business coach and host of the Working Mother's Mentor Podcast, but it was not long ago that she was in what she thought was her forever job, until we now know, it wasn't. The story gets really interesting. Here is Julie Finn.
Bobbi Rebell:
Hey, Julie Finn. You're a Financial Grownup. Welcome to the podcast.
Julie Finn:
Bobbi, thank you so much. I'm excited to be here.
Bobbi Rebell:
And I'm excited to learn so much from you because you are a business coach and you host the Working Mother Mentors Podcast, which is very popular. I hear you have some great guests on there.
Julie Finn:
Like you.
Bobbi Rebell:
You've actually turned a lot of your life experience into things that you are teaching so many others so that's great. Congratulations on all your success.
Julie Finn:
Thank you. I really appreciate it. It's been quite a journey. It's so fulfilling to be able to do work that you love and to know that you're serving others and empowering and inspiring others so it's been fantastic.
Bobbi Rebell:
And you brought a money story with you that has to do with something that can be very delicate and really has to be handled the right way in order to have the right financial future, financial exit, I should say and that is my not so sophisticated way of saying that you're going to talk about exit strategies and the different ways that you've handled them at different points in your career. Go for it.
Julie Finn:
Yes. That's exactly right and that's funny because when you sit down and think about it, career choices, the choices to take a job or to leave a job, are really some of the most important financial decisions that we make, but we often don't frame them that way. We frame buying a house or making an investment as a financial decision, but oftentimes when we think about career, we don't think about it that way. Particularly for those of us who have made decisions around leaving jobs later in our careers. I have two big leaps. One in my 30s and one in my 40s and those are massive decisions. When I look back over those choices that I've made, it's interesting to see how I've matured and I approached it very differently when I was in my 40s than I did when I was in my 30s.
Bobbi Rebell:
So let's get specific. Tell us what happened.
Julie Finn:
So when I was in my 30s, when I was making the decision to leave a job, it was really based on the fact that I'd just had my first child. I wanted to go part-time. I wasn't able to do that. I felt backed into a corner. It wasn't a positive, happy, leave. It wasn't a leave that was planned in advance. It wasn't strategized. It was more of a leap versus fast forward about ten years. I really worked hard with the company, and it was Deloit and they were super family friendly. They tried very hard to accommodate what I needed at that stage.
Julie Finn:
What I found is that dropping to part-time, which is what my intermediate solution was, wasn't the silver bullet that I envisioned it to be. I think for a lot of working moms, we think, "Wouldn't it be great if we could have a big corporate job with full benefits and work part-time and work from home?" That for me was the holy grail. It's what I had written down on a piece of paper that's what I wanted. That's what Deloit provided for me.
Julie Finn:
The decision to leave was not an obviously one. It was a really difficult one because I had a "good job". I knew that if I was going to make a leap from a job like that, it had to be based on something really compelling pulling me, and it had to be based on a really logical strategy.
Julie Finn:
What I did this time in making that decision, is I got support. I worked with coaches. I took online courses. I went to conferences. I made sure that I surrounded myself with others who made similar decisions. I sought out support from my mentors. It made the decision a positive one and it made the transition a successful one.
Julie Finn:
I found that even though I loved my company and I had a great time, I wasn't passionate about the work and I knew there was other work I wanted to be doing. Historically, I did consumer product strategy which is great training and I got to work with a lot of great clients and great people, but what I'm passionate about is inspiring and supporting women, particularly professional women in living the big life that they are here on earth to live, to overcome the fears and the doubts, to stand in their power.
Julie Finn:
I got frustrated working with so many really smart women who would doubt themselves and who often were making trade offs when children came into the mix and they didn't really know how to handle it. That's part of the reason why I started the Working Mothers Mentor, first as the podcast, to give people inspiring stories behind the scenes of really successful people to show you not only how they juggle everything but how they made career decisions, how they built their business, and to show you the messiness, not just the shiny, glossy stuff that you often see. Then also providing actual support through programs and coaching.
Julie Finn:
So the transition from Deloit has been a really positive one.
Bobbi Rebell:
And part of the takeaway of that is as good willed and as well intentioned as the company may be, that does not mean it is your forever job.
Julie Finn:
That's exactly right and that's part of the reason why it was such a hard decision because I was already over 40. When I took a job, in my head it was my forever job. It was, "I'm going to retire from this company." So making that decision to leap into entrepreneurship in my mid 40s, for a lot of people, it's a very scary time to make any kind of massive career change.
Julie Finn:
For me, part of my tip for people, is make sure if you're making any kind of pivot or massive change that you don't try to do it unsupported and you don't try to do it unguided.
Bobbi Rebell:
So what is the lesson for our listeners from your story of leaving Deloit for your own entrepreneurial adventure?
Julie Finn:
The real lesson is don't make any big leap of any big decision unsupported and unguided. I think when I look back over the different decisions I've made in my career, early in my career I often felt like I was winging it whereas with this leap, because I had the structure, because I had the support, I had a very clear plan and I had very clear strategy in place and that made all the difference.
Bobbi Rebell:
Let's talk about your every day money tip because that also goes along this theme but let's get very specific. What is it? What could people do?
Julie Finn:
I think it's very important for us all, all professionals whatever level you are, to continue to invest in yourself in terms of your education and your access to expertise. What I mean by that is in addition to reading books and having mentors, think about online courses, think about investing in a coach, think about going to conferences. I think for a lot of us, particularly when the busyness of family life and trying to keep our career on track, when that comes in development seems to disappear. We might do something in our company. They'll have professional development but I'm talking about you personally, things that are important for you.
Julie Finn:
For me, like I said, part of what made the decision easier is the fact that I invested. I took online courses to improve the skills where I needed. I invested in coaches to give me the confidence where I needed it, to give me the push where I needed it, to give me the guidance where I needed. The important lesson here is don't try to go it alone. Make sure that you continue to invest in yourself and that way when you are making these big decisions you're completely educated around them.
Bobbi Rebell:
Now are the ways that people who maybe tight on money can better afford these things because it can get expensive and where is the balance there? Because you're struggling to pay your bills, you want to build up things like and emergency fund so you maybe can take the leap to be an entrepreneur. How do you know how much is the right amount to spend in time and money.
Julie Finn:
That's a really great question. In terms of time, I think for a lot of us, we would say we don't have enough time. So it is about making the decision to prioritize. I think when you take a step back and look, you can certainly find maybe it's two hours a week, maybe it's for a season, maybe it's a weekend conference. It's about the prioritization, making the time.
Julie Finn:
In terms of money, we should all start to work on having a development part of our budget. Again, if you take a look at your budget and if you look at things that maybe you're spending money on, getting your nails done, or getting your hair done, or something that feels maybe a little bit less necessarily. If you took some of those resources and invested in attending a conference or working with a coach or if you can't afford a coach one on one, investing in a group coaching program. That's often a way to have access to a very seasoned, experienced coach but without having to pay the fee that you would pay for one on one attention.
Julie Finn:
I think the other thing is there are a lot of great platforms where you can access online platforms that are less expensive like Udemy, Teachable. So you can find courses for as little as $69. Some of the more sophisticated courses obviously can cost you a thousand, two thousand dollars, but you can get started with any budget.
Bobbi Rebell:
Thank you so much. So tell us more about what's going on with you, because I know you offer some of this.
Julie Finn:
Yeah. We're having a great time over at the Working Mothers Mentors. In addition to the podcast, we have a group coaching program that's launching soon. That's really designed to support women who are considering leaving their corporate jobs in order to start a business either as what a lot of people affectionately call a side hustle or to fully replace their full time income. We also offer group coaching and one on one coaching programs. The idea is really to support working moms who often feel like they're juggling so much and they don't really know where to go for support. That's really our mission.
Bobbi Rebell:
Where were you a few years ago? I needed you so much. I'm so happy that you're here now though doing all this for so many people that will really benefit from it.
Julie Finn:
Thank you so much. That's exactly why I do it. I needed me ten years ago and I needed me again three years ago and I couldn't find me and so I decided to become me. So thank you.
Bobbi Rebell:
Before I let you go, tell us all the social channels and where people can find you.
Julie Finn:
Our website is theworkingmothersmentor.com and that's a great hub to find out more about our coaching programs, to find out more about the podcast. The podcast also called the Working Mother's Mentor. You can certainly access on any platform where you currently listen to podcasts like your podcast. On social, you can find you on Facebook and Instagram @theworkingmothersmentor. Twitter @mothersmentor and me personally, Julie Finn, on LinkedIn.
Bobbi Rebell:
You're the best, Julie.
Julie Finn:
Thank you, Bobbi.
Bobbi Rebell:
Hey friends. So companies have a long way to go towards keeping more women in the workplace, but Julie's story at least shows real progress at some. No hard feelings, it just didn't work out.
Bobbi Rebell:
Financial Grownup Tip #1: If and when you leave a company, take a we from Julie and be gracious. As great as Julie's story is, sometimes we don't have the best feelings when we leave a job, and it is really tempting to let them have it, but the truth is, those former coworkers and bosses could well become the best assets you have in your future business ventures.
Bobbi Rebell:
Financial Grownup Tip #2: Julie mentioned the importance of investing in continuing education throughout your career. You know I'm a big fan of this. Many online courses are actually free and those that are not often go on sale. Sometimes your employer will pay for your classes. Make sure that you know if there are any requirements like getting a certain grade. If your employer does not pay, you can also often deduct education from your taxes if it meets certain criteria.
Bobbi Rebell:
I'm going to leave some links in the show notes bobbirebell.com/podcast/JuliFinn. I was also leave links to some popular online course websites like Udemy, which often has sales as I mentioned, classes can be under $10 there, and Coursera which has partnerships with universities including my alma mater, Penn.
Bobbi Rebell:
Thanks to Julie for candidly sharing her amicable breakup. It is one thing to storm out of a job you hate. It's another to just well not be that into it anymore and leave in search of finding your true love in terms of your career.
Bobbi Rebell:
So thank you to Julie for helping us realize sometimes life isn't so clear cut and getting us one step closer to being Financial Grownups.
Bobbi Rebell:
Financial Grownup with Bobbi Rebell is edited and produced by Steve Stewart and is a BRK Media Production.
