Hi i'm tasha cochrane from one big happy life and this is the lifestyle fix brought to you by curiosity stream in today's video i'm gonna be talking to you about the six strategies that have set me on the path to building wealth my goal is to have an eight-figure net worth by the time i retire now this is an incredibly ambitious goal and . Once I put in my big rocks, then work can fit in after that. It was really empowering to make that switch because I wasn't doing that at first. Sarah Cottrell: Yeah. I think that is super wise, especially because I think a lot of people who go to law school have this internal drive where they feel like, not even like they feel like they need to be the best but they just feel like they need to be working as hard as possible and doing as much as possible. Look, I know that there are a lot of unhappy lawyers out there who are overwhelmed at the thought of leaving the law and literally don't know where to start. Join the WBS invitation list and be the first to be notified when the doors to WBS open. I'm like, This is no way to live, so I decided to change jobs. I'm your host, Sarah Cottrell. So then I made sure I put in my workout time, I put in my time with my family because those are the things that I absolutely want to do every single day. Because of her time at the DOJ, she took the bar a year after graduating from law school. create the life you want. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. The Facebook cofounder endured a year of challenges, including an advertising boycott by more than 1,000 companies, a federal antitrust suit and criticism over content moderation policies toward extremism. Our primary program with One Big Happy Life is Wealth Builders Academy. One of the things that I think is so important, and it's exactly the thing that you're talking about, is to get to that point, you need to be able to make decisions that work for you in your life. One Big Happy LifeMon, June 8, 2020 10:28pmURL:Embed:Join us inside of Wealth Builders Academy and start building your financial dream life! This experience was how Tasha first learned how important the law and money really are. To improve and concentrate over such thought process, here are the best 5 secret ways through which we can control are thoughts, minds and finally which can lead to happy life. That's all wrong. I went to community college first and then I got my college degree. Then secondly, I would say that the people, if you're wishing and hoping, there's this quote by Eleanor Roosevelt, I think, don't quote me on that, but that it takes as much effort to hope as it does to take action. Despite a purported tech exodus, the Golden State is home to more billionaires than ever. I have like a million questions I'm going to try to be semi-organized. Wealth Builders Society: Join the invitation list and be the first to be notified when enrollment opens. I've done some really complicated stuff, like written the first agency determination where we included LGBT status under The Fair Housing Act. Click here to learn more about Wealth Builders Society. After almost a decade in non-profit consumer finance, I started One Big Happy Life, where I've taught millions of people just like you how to take control of their money and start building wealth. One Big Happy Life now helps people find balance in their lives while building wealth and living a happy life. I am about six weeks out from being a lawyer. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. I decided that I would get out of the Marine Corps and pursue law and that's what I did. Expect from self: The problem is, we expect from others and that mostly hurts, and if we start expecting from self eventually we start improving and living. To provide the best experiences, we use technologies like cookies to store and/or access device information. Its taught me that finances are about so much more than just numbers! Trying to balance being a lawyer with making videos became too much for Tasha, so she decided to leave the law to pursue her online business. Goli: Hello, my friends. Because when your lawyer job is supporting your business, well, it doesn't matter what your business is doing. I thought that somehow when I started working for myself, that I would just be so much more productive, get so much more done in my business, but the reality is for the first few weeks the whole day would go by and I'm like, I did nothing. Now, oh, it's so bad and so now I have to get really structured about, Okay, here are my big three. I'm actually using, speaking of planners, Michael Hyatt's Full Focus Planner to really plot out my big three for the day, identify what's going on in my calendar. Tasha went into law school without expectations of what law school and working as a lawyer were really life. Let's get right to it. We had a nanny, so the nanny would just come here early in the morning so that I could commute in and have a full normal evening with my family because everyone's home by 4:00 PM approximately. I'm really excited for you to hear this conversation. Click here to learn more about our programs and courses. GET NOTIFIED WHEN DOORS OPEN. Today, youll read about Sarahs conversation with Tasha Cochran of One Big Happy Life. We had been trying to conceive for three years and we thought we were going to need to do IVF in order to have another child so we moved to the DC area and that's how I ended up working at a private firm. Sarah Cottrell: Got it. Just try something else.. I don't know if I'm the only one who's had that feeling but it was very frustrating for me. One of them would be the retirement master class where we teach people the concept that we call the minimum savings rate. All the spreadsheets with the formulas already plugged in have been SO beneficial. By clicking Accept, you consent to the use of cookies. I got the check in November of 2016. When her episode first aired, Tasha was only 6 weeks out from being a lawyer. Not a member? I think I got the impression from some of your recent videos that in certain ways, y'all are moving away from YouTube as your primary revenue generator so I would just love to know more about that and how that fits in with your transition to working in the business full-time as opposed to working as a lawyer. I think that I know exactly what you mean but can you explain a little bit more about just what that is in terms of mindset? Of course, you can find me at One Big Happy Life everywhere, onebighappylife.com and One Big Happy Life on YouTube and Instagram. Either there's like just don't care about anything and being somewhat irresponsible, which is not a great approach, or there's the if you buy a cup of coffee when you have a dollar of debt, you are the worst person ever. Become an inevitable millionaire linktr.ee/onebighappylife Posts Guides Reels Videos Tagged Quoting Tasha, its personal finance for people who like nice things. Lets get right into Tashas story. We were just looking at it as this fun little side hustle. Global Main Line: 855-663-9584. Thank you so much for having me. Unfortunately, the sheen wore out on this position, and Tasha became miserable. Hi, everyone. Yuan has said that other areas of giving will include climate change and social equity. Not a member? That hobby eventually led her down a path to create One Big Happy Life where she serves as a wealth expert and strategist to help others find sustainable and realistic solutions to building their wealth and lifestyles. Sarah Cottrell: I love that. How to Invest Your Money & Start Building WealtH WITH EASE >>>. I'm an introvert so I don't necessarily gain a lot of energy from being around people but for sure, and I know I've talked about this with some other guests, but leaving my lawyer job and then being in a position where I am not leaving the house very much, you realize like, Oh, I actually do miss just those little daily interactions that you don't get when you're working for yourself at home.. Click here to learn more about The Sophisticated Investor. If your job is stops you from doing that, you need to make a choice. I can just nurture it. That's awesome and partially a testament to my degree, and of course, my work experience. Now, talking to my husband about finances and planning for the future is MUCH easier. Welcome back to another episode. Are you ready to speak with us about helping to protect your financial future? Hire a coach, it will turbo charge your trip to success. Okay, maybe that's just me. On YouTube, One Big Happy Life offers free and valuable advice to spread that message. These cookies track visitors across websites and collect information to provide customized ads. So, she pursued law. Whereas when I was working at the firm, I was working at a minimum 9:00 AM to 6:00 PM, with the CFPB, I could choose to come in as early as 6:00 AM so then I could leave at 2:30 PM and be home by 4:15 PM. High profile departures such as Oracles Larry Ellison and Teslas Elon Muskboth companies and Musk moved to Texas, while Ellison personally relocated to Hawaiihave not dampened the prominence of Silicon Valley on the list. Thank you so much for joining me today, Tasha. Invest in yourself and hire a coach in the industry you want to transition to. Soon, she expanded from Youtube to her own platform. My experience at the FDIC definitely helped me make that jump because now I had experience working in private practice for entities and then also working at several different agencies at a high capacity so it all worked out. When I found Scarlett on YouTube, her advice always just made sense! The hours were better than other firms she had been to, but they still werent the best. She decided to remedy that with her knowledge and experience. I was just like, These are all the things that I've got accomplished, work-work-work. I really like this new approach like what you're talking about, considering myself as a whole person and not just the work that I need to do. Sarah Cottrell: What kind of work did you do at the Consumer Financial Protection Bureau? I'm not going to never buy a cup of coffee in that period of time. Realistically, there just was not a lot, and I think this is part of what you're speaking to, there's not a lot of financial advice out there for people who are in a position like we were in where it wasn't like, Oh, well, if you just tighten your belt for three months, then you can pay off your debt and everything will be perfect and wonderful.. While Tasha did enjoy being a lawyer in a private firm, it started to weigh on her. Your children, their lives are going to be okay if they need to downside. I was going to ask, can you talk a little bit more about, you said it's easier to work as a lawyer than it is to be working in your own business. We all want to live better, happier, more fulfilling lives. Basically, if all that you do in your life is make sure that you're hitting your minimum savings rate, you're good because yes, you can be financially independent and still have debt. There's almost this sense of like, Well, if you are buying a coffee, or I don't know, whatever, something like that, going out to dinner, you basically deserve to be in a horrible financial position. Does that resonate with you? If it's making money, great, and most of us will end up just pouring all of that money right back into the business. It's one way of us getting our message out to people and it's the very beginning of our value ladder. It's a small percentage of the comments for sure, but every time it comes, it still hurts. Between the hours and commute, Tasha was barely home. The technical storage or access that is used exclusively for statistical purposes. Click the button below to join the invitation list for Wealth Builders Society. Most people accept the limitations placed on them by society, never questioning how much more they're actually capable of. As the revenue started to grow and it started to take up more time, I realized that even if we didn't have a business model in mind, our business still had a business model and so the question is are we happy with the type of business that we are building? If you haven't yet, subscribe to the show, and come on over to formerlawyer.com and join our community to get even more support and resources in your journey out of the law. Sarah Cottrell: Yes. I decided, Well, it's time for someone else, someone with an actual legal background who has spent years working in this industry with financial institutions, for financial institutions, and also regulating financial institutions to come out and educate consumers on how they can make better financial choices. That's how we started to do more and more personal finance work. However, Tasha began her career journey as a 19 year-old single mother in the military. I cannot thank you enough for this education!. I set this super ambitious goal to hit seven figures next year and in perspective, three years ago, just about two years ago, we made $5,000 so to go from a $5,000 year to a seven figure year in four years is stupidly aggressive but maybe it's the drive. Money shame is real. But I was already in this position and I was working for HUD at the time in their Fair Housing Office and I ended up getting a branch chief position where I was in charge of a five-state region doing the intake for fair housing. As a lawyer, wealth expert, and mom to two kids, she'll discuss how she has been able to do it all while maintaining balance in . Tasha Cochran: I really enjoyed the intellectual aspect of law school. Then I also worked from home two to three days a week so I was only doing that commute two or three days a week. The company launched Zoom Cares in mid-2020, and has awarded grants to organizations combating Covid-19 and six education non-profits. Tasha Cochran: I graduated in 2011, so we're about eight years out right now. Tasha Cochran: Sure. You've now been doing the not practicing as a lawyer, working in the business full-time thing for I think you said six weeks? I went to Yale and then after Yale, I went into banking regulatory law. Continue to invest in yourself and get some help. Tasha graduated from law school without a plan to take the bar or work as a lawyer. Not consenting or withdrawing consent, may adversely affect certain features and functions. Number one, I miss leaving the house. You're not just like a widget who produces money and then puts it in the optimal place, you actually have to see yourself as a whole person and have some vision for what your life should look like, and I really love that. I feel much more knowledgeable about my own finances now. There's so much more that I can try. So just knowing that there are other things that I could try, I wouldn't have known that without her because if I had thought about those things, I would have done them in the first place. Contact Us Phone:+91-253-6651568 / +91-253-665569 When you graduated from law school then, did you have any inkling that you might not want to be a lawyer eventually, or at that point, were you on the path of like, I'm going to be a lawyer and that's what I'm planning to do? I have both. The one thing, my favorite thing that I love to teach people about, is having a one-year spending plan. Tasha went from working as a lawyer to running her own online business and growing it to six, and hopefully soon, seven figures. I'm like, Well, I just want to pay it forward. When I first started, I had no idea how businesses work or how online businesses work because I haven't taken a single business class. Sarah Cottrell: Yeah. But I also recognize that I can't share that message if I'm not making money. 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