Bad Boss Good 401k

That Son-Of-A-Bitch Boss Taught Me the Importance of My 401k

It was a Saturday morning and the creative team was huddled in the office of the Executive Creative Director. The night before, he’d scrapped all the work we’d done the previous two weeks. So all ten of us waited there in his office at 8 a.m.

Bob walked in and said, “Well, the creative work for the pitch sucked. I need three new TV campaigns, outdoor and radio by Sunday night for the pitch on Monday at 8 a.m.”

Poof. There Goes the Weekend

Ted, a budding Art Director asked, “Bob, what was wrong with the work we did last week?”

Bob responded, “There’s a toilet in every room, huh?” Insinuating Ted was a bowl of crap…or his work was. I’m not sure.

I knew at that minute there had to be a better job for me. Have you ever felt this way?

This situation I was sitting in wasn’t anything new. Bob would call and tell me to get to the office for the next client pitch on a regular basis — always after hours. And – of course – it was always due yesterday. I’d work nights and weekends. I’d pulled all-nighters. And as a young 22 year old, I took the beatings and berating. And I produced.

As much as I wanted to quit, I also had to put food on the table, pay the bills, and try to keep my head above water. The bills were still coming and I couldn’t afford to leave. Plus, even if I jumped to another job, I could end up with the same or worse problems.

Have you ever felt stuck? You’re not alone. Many people stuck are in “dead-end” jobs. In fact, 52.3% of Americans are unhappy at work.

There Are Solutions to Getting Out. For Most: It’s Your 401k

I wish I could say some bolt of lightning hit me and I knew that my 401k was my path to salvation. But the truth is, I just signed up for it because my dad had always told me “pay yourself first, son.”

What I didn’t realize was that I wasn’t managing it right. If I’d had better advice early on, then, possibly, I’d be further ahead today.

Bob ended up getting fired. I went on to a better career. But I carried the lesson with me. Control your finances. Control your destiny. If you find yourself in the same situation, now is the time to take charge.

Blooom stands ready and willing to help. How? We help the generally un-helped put their existing 401ks to work so they can find financial freedom and spend their time doing badass things in life.

We only need five minutes of your time. You can then reduce your Bob time.

The information is provided for discussion purposes only and should not be considered as investment advice.

Kevin Conard

Kevin Conard is a Chartered Retirement Planning Counselor® and Co-Founder of blooom. With over 15 years working face-to-face with clients, and as the co-founder of another investment advisory firm that manages over $500 million, Kevin learned to take complicated subject matter and put it into easy to understand terms. At blooom, he’s unveiled these same simple concepts and oversees the construction of 401k allocations for blooom users.

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