Sam Dogen, a 47-year-old millionaire who retired at the young age of 35, has some unconventional advice for those thinking about leaving their jobs: aim to get fired instead of quitting.

Dogen, who once thrived as an investment banker, recently experienced a personal contradiction to his own advice.

Earlier this year, after taking a break from work since 2012, he made the decision to quit his job.

Despite having a substantial retirement fund that secures his financial future, Dogen’s recent departure offered him a unique perspective on resigning versus getting laid off.

In a recent conversation with CNBC, Dogen shared his thoughts on the benefits of getting laid off. He pointed out that being laid off often comes with a variety of financial benefits.

These include unemployment benefits, severance packages, and subsidized health care—perks that can provide a significant cushion as you transition to your next opportunity.

Dogen’s experience with quitting taught him valuable lessons.

After selling a large portion of his investment portfolio to buy a new home, he returned to the workforce only to leave within four months.

Unlike his 2012 exit, where he received a generous severance package, his recent resignation left him without any severance pay.

Dogen advises those considering quitting to communicate openly with their bosses. He suggests expressing dissatisfaction and giving notice that you might leave if changes aren’t made.

This approach might result in a raise or more flexible hours. He emphasizes that no employer wants someone who is disengaged.

Making a Smooth Transition

If quitting becomes unavoidable, Dogen stresses the importance of leaving on good terms. He recommends offering to help with the transition and discussing a severance package.

In his case from 2012, he stayed two additional months to train his successor, which ultimately benefited both him and his employer.

Understanding Your Rights

Dogen also highlights the WARN Act, which requires large companies to give 60 days’ notice before layoffs. This notice period often comes with the equivalent of 60 days of base pay, plus potential additional severance.

Looking Ahead

Dogen concludes that getting laid off can actually be advantageous compared to quitting. The benefits associated with a layoff provide a substantial financial runway, making it a more favorable option for those looking to transition smoothly to their next endeavor.

TDPel Media

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