3 November 2018
Question: According to MSN: Money, what are 12 signs you are financially ready to quit your job? (Prof Note: Look at this better as what 12 requirements must you have to ensure you are ok with a termination/reduction in force, etc)
Jobs data offer poll boost for Trump – Pg. 1
– Non-farm payrolls rose by 250,000 in October, eclipsing economists’ estimates for a gain of 190,000, …
– Average hourly earnings rose 3.1% year on year, the highest rate since April 2009
– Yesterday’s data are likely to strengthen the Federal Reserve’s determination to continue lifting interest rates, a policy vociferously opposed by the president. The US central bank is widely expected to raise rates by another quarter-point in December, with further upward moves possible in 2019
US exempts eight countries from Iran sanctions to keep oil prices in check – Pg. 1
– The US will allow eight countries to import limited amounts of Iranian oil even after it reimposes sanctions on Monday, damping fears about a supply shortage and sending crude to its lowest price in three months
Bond funds hit by biggest monthly withdrawals in almost three years – 13
– Bond ETFs have become popular with investors on the lookout for cheap, simple ways to get exposure to fixed income markets. But the deepening bond reversal led to the first monthly outflow in two years, …
– Bond funds around the world saw $36bn pulled out in the month to Wednesday, the biggest withdrawal since December 2015,…
– Within the broad bond fund category, US bond funds suffered net outflows of more than $13bn while political and economic uncertainty helped to drive $9bn from Europe-focused funds
– The fixed income ETF has now lost amost 8% of its value this year and is on track for its worst year since its inception in 2002
Answer: (1) You have a plan once you quit your job (Prof Note: You should always have a plan for a job loss); (2) You understand the fine print in your job contract (Prof Note: This should have occurred prior to signature); (3) You’ve prepared your resignation and resume (Prof Note: Resume should be up-to-date ALWAYS); (4) You know the details of your last paycheck (Prof Note: You should know the details of EVERY paycheck); (5) You’ve saved money for future business endeavors; (6) You’re able to travel (Prof Note: The best holidays are those between jobs as least responsibility); (7) Your debt is manageable (Prof Note: Your debt should ALWAYS be manageable); (8) You’ve addressed issues with your credit score (Prof Note: Negotiate credit lines; mortgages, etc while you have a job (if possible)); (9) You know your monthly expenses (Prof Note: You should ALWAYS know your monthly expenses); (10) You’ve accounted for costs covered by employer; (11) You have a robust savings (Prof Note: I am not a fan of spending principal. Do the hustle!); (12) You’ve locked in another source of income (Prof Note: You should always have other income sources unless precluded by corporate policy. And, then, if precluded, the parachute must be substantial enough to accept the risk. Do the hustle!)