Comments on: 10 Ways To Blow Your Severance Package http://www.thewisdomjournal.com/Blog/10-ways-to-blow-your-severance-package/ Wise Choices. Improved Finances. A Better Life. Sun, 05 Feb 2012 12:01:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Business Books Giveaway http://www.thewisdomjournal.com/Blog/10-ways-to-blow-your-severance-package/comment-page-1/#comment-9512 Business Books Giveaway Fri, 10 Apr 2009 22:31:07 +0000 http://www.thewisdomjournal.com/Blog/?p=641#comment-9512 [...] 10 ways to blow your severance package [...] [...] 10 ways to blow your severance package [...]

]]> By: Business Books Giveaway Roundup @ Finance Portal http://www.thewisdomjournal.com/Blog/10-ways-to-blow-your-severance-package/comment-page-1/#comment-9486 Business Books Giveaway Roundup @ Finance Portal Wed, 08 Apr 2009 13:16:00 +0000 http://www.thewisdomjournal.com/Blog/?p=641#comment-9486 [...] 10 ways to blow your severance package [...] [...] 10 ways to blow your severance package [...]

]]> By: Larry Jones http://www.thewisdomjournal.com/Blog/10-ways-to-blow-your-severance-package/comment-page-1/#comment-9465 Larry Jones Fri, 03 Apr 2009 17:41:59 +0000 http://www.thewisdomjournal.com/Blog/?p=641#comment-9465 Great post! People are clueless on how to handle a severance package after they lose a job. You would think people would use common sense and bank their money as they go through a financial crisis. Unfortunately, though, with the lack of financial education in this country, they do stupid with zeros on the end. Great post! People are clueless on how to handle a severance package after they lose a job. You would think people would use common sense and bank their money as they go through a financial crisis. Unfortunately, though, with the lack of financial education in this country, they do stupid with zeros on the end.

]]> By: The Personal Finance and Better Life Mash-Up | My Super-Charged Life http://www.thewisdomjournal.com/Blog/10-ways-to-blow-your-severance-package/comment-page-1/#comment-9461 The Personal Finance and Better Life Mash-Up | My Super-Charged Life Fri, 03 Apr 2009 11:00:50 +0000 http://www.thewisdomjournal.com/Blog/?p=641#comment-9461 [...] lot of people are getting severance packages.  Ron at The Wisdom Journal warns to avoid these 10 Ways To Blow Your Severance Package.  Stretching out whatever is offered as long as possible is probably the better [...] [...] lot of people are getting severance packages.  Ron at The Wisdom Journal warns to avoid these 10 Ways To Blow Your Severance Package.  Stretching out whatever is offered as long as possible is probably the better [...]

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]]> By: Do You Dave Ramsey? http://www.thewisdomjournal.com/Blog/10-ways-to-blow-your-severance-package/comment-page-1/#comment-9459 Do You Dave Ramsey? Thu, 02 Apr 2009 18:33:31 +0000 http://www.thewisdomjournal.com/Blog/?p=641#comment-9459 Good article... I recently accepted a buyout and have been active in the job market for a couple weeks. It would have been so easy to burn through a huge chunk of my buyout if had not been paying attention... and even if my intentions were noble (paying off our last non-mortgage debt) it would have taken a bite out of the buyout amount. Leaving the total intact - less minimal monthly operating expenses - insures that we have a long runway in the event the job market is as bad as the media makes it out to be. Fortunately, the media is wrong - go to Indeed.com or Oodle.com and setup a couple searches and daily reports if you question the current hiring market. This activity doesn't temp me to suddenly liquidate my buyout, but rather it inspires to me to land something soon. Then I'll have a job with a similar income to my last job AND a (reasonable sized) pile of money! Spending opportunities will always exist... so it just makes good sense to wait until you're spending from a position of strength. Great topic, thanks for sharing! Dave Good article… I recently accepted a buyout and have been active in the job market for a couple weeks. It would have been so easy to burn through a huge chunk of my buyout if had not been paying attention… and even if my intentions were noble (paying off our last non-mortgage debt) it would have taken a bite out of the buyout amount.

Leaving the total intact – less minimal monthly operating expenses – insures that we have a long runway in the event the job market is as bad as the media makes it out to be.

Fortunately, the media is wrong – go to Indeed.com or Oodle.com and setup a couple searches and daily reports if you question the current hiring market.

This activity doesn’t temp me to suddenly liquidate my buyout, but rather it inspires to me to land something soon. Then I’ll have a job with a similar income to my last job AND a (reasonable sized) pile of money!

Spending opportunities will always exist… so it just makes good sense to wait until you’re spending from a position of strength.

Great topic, thanks for sharing!
Dave

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