An emergency fund is for dipping into when you don’t have a choice, while a walk-away fund is for when you want to make a choice.
Illustration: Alice MollonWhen I graduated from college in 2011 into a slow job market, I was happy to take any job.
But two years later, I found myself stuck in a role without a career trajectory or opportunities for growth, and I realized I had to walk away.
I got some other gigs lined up, asked for a small raise, and when they said no, I also said no, getting out of that dead-end job.
Ever since then, the power of saying no to jobs—of having options—has stayed with me.
Persons:
Alice Mollon