010 How much money do you need for life after teaching?
Thinking about retiring early from teaching, about life after teaching, or looking for jobs for ex-teachers? This podcast will help teachers work out if they can afford to leave teaching and help them to start planning their next move.
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In this episode, I'm going to talk about some of the reasons why teachers are thinking of leaving the profession and how much do they actually need in order to leave teaching if that's what they really want to do.
The people who ask these types of questions tend to be twofold. Either they want to retire early and they are wondering if they have enough money to do so, or they are thinking of leaving teaching but are not sure how much money they will need to be able to do that.
Aside from the worries brought on by money, teaching stress also plays a big role as to why teachers are thinking of leaving because it's making their lives miserable. We'll look into these here in this episode and should you make up your mind to leave teaching, I am also going to share some steps that I encourage you to take to ensure that you are financially prepared to leave teaching.
[00:02:30] Why do you want to leave teaching?
[00:04:00] How much do I need to leave teaching?
[00:06:30] Download a pension statement
[00:09:30] Work out your survive or thrive costs
[00:11:00] 3 Steps to take before leaving teaching
Hi, I’m Eileen Adamson, teacher, money coach, host of Your Money Sorted Teachers' Podcast and ex co-host of BBC podcast Clever About Cash. I help female teachers to become happier, healthier and wealthier.