Jessica Chou
speaker
64 appearances
1 recordings
1 series
first heard Nov 2023
last heard Nov 2023
Jessica Chou’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Is it important to you?
It's like prioritizing, right?
Maybe first prioritize your emergency fund, because that's very important, and then retirement.
And then if you're like, actually, at this point, I have this retirement fund, but I know in two years this isn't going to work out for me, then you might want to reevaluate your savings plans.
But the first step is realizing, okay, I need this fund or I want to be saving for this.
I spoke to a financial advisor, AJ Ayers, and she was basically like, the secret to financial independence is either make more money or save more money.
And the making more money is, okay, if you are in a job that isn't paying you what you need to live or isn't paying what you want to get for your quality of life, then you might have to make some real evaluations of like, is this the industry you want to be in?
Do I want a career change?
Do I need a pivot?
And I think when a lot of people think the FU fund, they're like, oh, it's like fund money.
And a lot of people that I talked to were like, I'm never going to have that.
Just I would ask them about like, hey, like, do you have this fund or have you thought about it?
And they'd be like, oh, you know what?
I don't think about it because I don't think I'm ever going to be able to get that fund.
Maybe we're not in a position to have the type of money that you can do whatever you want with and not have any consequence.
But maybe we are in a position to build up some money that can allow you to do something if you really do want to change.
And that's why I started writing the piece is I wanted to figure out, you know, how much is that middle ground of an options fund, of an FU fund that isn't tens of millions of dollars that allows me to go on vacation forever.
And so when I spoke to AJ, she had this calculation, which was basically, you
If you like your quality of life now, then your calculation is your current paycheck, your take-home pay for the month multiplied by how many months you would want to take for yourself.
So if it's, I want enough to cushion me for 12 months if I need to take a break and I want to leave this job.
Showing 41–60 of 64 · page 3 of 4
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