The Truth About Starting a New Career in Your 30s
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Should you keep investing during a career change, or build your emergency fund first? Brad and Haylee are in their 30s with three kids, a $173,000 net worth, retirement savings, and suddenly much less predictable household income. Brian and Bo break down how to manage money during a career transition, when to prioritize cash savings over Roth IRA and 401(k) contributions, why the employer match still matters, and how much emergency savings a family may need with variable income. They also explore financial advisor careers, retirement planning, family finances, cash flow, home-buying goals, and setting a realistic timeline for a career change.
Timestamps
00:00:00 Career Change With 3 Kids and $173K Net Worth
00:04:32 Their Careers, Moves, and Financial Journey
00:08:03 Losing a Job Changes the Entire Plan
00:09:31 How They Built $110K+ in Investments
00:10:36 How Do You Save During an Emergency?
00:13:24 Starting a Financial Planning Career at 35
00:18:17 The Worst-Case Career Change Scenario
00:22:13 What Would Make This Career Change Successful?
00:29:30 Should They Keep Investing Right Now?
00:31:47 Why Cash Matters More Than Investing Right Now
00:38:34 The Family Farm and an Important Estate Conversation
00:42:12 Should They Start Saving for Their Dream Home?
00:48:26 The Financial Plan: Stack Cash and Set Deadlines
🔗 Financial Order of Operations → https://moneyguy.com/guide/foo/
🔗 How to Know When You’re Financially Ready to Start a Business → https://moneyguy.com/guide/how-to-know-when-youre-financially-ready-to-start-a-business/
🔗 How Much Should You Save? → https://moneyguy.com/resource/how-much-to-save/
🔗 8 Questions to Ask Your Financial Advisor → https://moneyguy.com/resource/8-questions-to-ask-your-financial-advisor/
🔗 Net Worth Template → https://moneyguy.com/resource/net-worth-template/
🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.
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