I'm Burnt Out. (life update) - bankruptcy, back to school, coping with loss

Namee Park
24 Sept 202307:07

Summary

TLDRThe speaker shares their journey of going full-time back to university while managing a business and three kids. They discuss downsizing due to market changes and the challenges of balancing work and family life. Despite hardships, including business losses and the impact of COVID-19, they emphasize the importance of giving and volunteering as a way to find joy and community support during difficult times.

Takeaways

  • 🎓 The speaker is going full-time back into University while managing a business and three kids.
  • 🏠 They are downsizing their living situation, moving from a studio house and apartment to a simpler apartment due to the extra work and cost involved.
  • 📉 The business has faced significant changes and losses in the market, especially after the onset of COVID-19.
  • 🗺️ There were plans to move out of the country, with a house secured in the States, but these fell through, leading to a decision to stay in Canada.
  • 😴 The speaker expresses a sense of exhaustion and being in a 'down mode' in life.
  • 🤔 The community often asks how the speaker manages their responsibilities, to which there's no clear answer but acknowledges the reality of life's ups and downs.
  • 👨‍👧‍👦 The speaker's children are at different ages, with the oldest being 10 and the youngest starting elementary school, indicating a change in family dynamics.
  • 📚 Both the speaker and their partner, Michael, may return to full-time studies if job applications are not successful.
  • 💰 The family's financial situation has fluctuated greatly, from having substantial savings to considering bankruptcy.
  • 🌱 The speaker believes in the power of giving and volunteering during hard times, as it creates community and can help one's own situation.
  • 🙏 From a faith perspective, the speaker and Michael are Christians who find solace and joy in helping those less fortunate, viewing it as a loan to God that is always repaid.

Q & A

  • What major life change is the speaker going through?

    -The speaker is going through the transition of going full-time back into University while managing three kids and trying to make their business work.

  • Why is the speaker considering downsizing their living situation?

    -The speaker is considering downsizing because they have two places they use for both work and home, which involves a lot of extra cleaning and costs. Additionally, the market has changed significantly since the pandemic.

  • What was the speaker's plan regarding moving out of the country?

    -The speaker had plans to move out of the country and even secured a house in the States, but everything fell through in the last couple of weeks, leading to the decision to stay within their country, Canada.

  • How does the speaker describe their current state of fatigue?

    -The speaker describes their fatigue by stating they are 'so tired' and that they are currently in a 'down mode' in life.

  • What is the speaker's strategy for managing their workload with three kids and a full-time job?

    -The speaker doesn't provide a specific strategy but implies that they are trying to take things slow and learn from their current situation, suggesting a need for balance and adaptation.

  • What is the speaker's educational background and current status?

    -The speaker has been enrolled in University for 11 years but has only completed half of their credits. They have two more years left to finish their studies.

  • How has the speaker's financial situation changed over the last few years?

    -The speaker's financial situation has fluctuated significantly, going from having savings and investments of 220,000 to considering bankruptcy due to large expenses and risks.

  • What is the speaker's approach to dealing with hardship?

    -The speaker believes in giving as a way to create community and find support during hardship. They have been volunteering and giving to charity, which has brought more joy into their lives.

  • What is the significance of the Old Navy saying mentioned by the speaker?

    -The Old Navy saying 'slowest steady steady is smooth, smooth is fast' signifies the importance of taking a slow and steady approach to achieve long-term success and stability.

  • What role does faith play in the speaker's life during difficult times?

    -Faith plays a significant role as the speaker and their partner are Christians who believe in giving to the less fortunate as a form of loan to God, which will be repaid, thus finding solace and purpose in helping others.

  • What is the speaker's view on the current economic situation?

    -The speaker acknowledges the signs of a potential recession, such as rising gas and grocery prices and interest rates, and refers to it as a 'recession core', indicating a period of economic downturn.

Outlines

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Related Tags
DownsizingParentingUniversityBusinessCOVID-19FinancialVolunteeringCommunityCanadaLifeUpdate