I responded to myself, "In theory, you can't afford not to!" As she shared, she disclosed that the dynamics with her boss were so bad, she was getting physically ill. She was experiencing headaches and developing gastrointestinal issues.
That conversation years ago was a defining moment for me as a career coach. Up until that point I've never encountered a client who was in a situation that personally destructive. And though there were all sorts of coaching points regarding how she could be managing her responses differently in a highly dysfunctional environment, by the time I'd learned of her situation, the dismantling of her health and wellness had begun.
From that memorable moment forward, I vowed to include the message of financial planning in my initial coaching assessment. It pains me deeply to hear people enduring terrible, unhealthy work environments because they can't afford to quit. I say, "Never, if you can at all avoid it, be in a position where you are held hostage to these kinds of situations because of money." Also consider that this scenario is more prevalent with women than men.
A colleague reached out to me recently and shared this:
" As a working-age woman, I was surprised to learn from a recent CNBC article that only 53% of us have started planning for retirement compared to 65% of our male peers!"
This blog is based on this book. In it are actionable ideas on being a better manager: The 1% Edge - The Workbook - Power Strategies to Increase Your Management Effectiveness