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? Talk to me about how you got from there to where you are now. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Thank you so much for joining me today, Tasha. Still, the pair remains on the Alphabet board and have retained more than half of the companys voting rights. Youre a lawyer. Click here to learn more about our programs and courses. Schmidt Futures, their philanthropic organization, has announced initiatives such as a fund to provide 50,000 students with free internet. You've probably picked up on this by now, but One Big Happy Life is all about balancing building wealth while also enjoying life today. Understand what it's going to take to get your business from where it is right now to where you need to go and look realistically if your job is stopping you from doing that, then you need to make a choice, like start cutting back on your hours so that you can grow your business. Got it. Of course, everyone thought I was crazy, but in the span of a year, I went from not even having a driver's license, so not even owning a car, to owning a car, buying my first house, and yes, also having my daughter. Grab your copy of First Steps to Leaving the Law A free guide for when you want out, but youre not even sure where to start. Since joining, I've been able to take decisive action in my finances, and feel confident in those decisions (particularly with regards to retirement), and decrease my stress with unexpected and/or irregular bills. Click the button below to join the invitation list for Wealth Builders Society. Unfortunately, the sheen wore out on this position, and Tasha became miserable. We like to say we're personal finance for people who like nice things. I thought I hated the law. Because I know a lot of people say, Well, I can't take a pay cut or I have all of these bills or my mortgage is this much, and so I want people to recognize that everything about your life is a choice. I've done some really complicated stuff, like written the first agency determination where we included LGBT status under The Fair Housing Act. Tasha Cochran: I really enjoyed the intellectual aspect of law school. Then third, I would say to hire a coach because trying to figure it out on your own, no one has time for that. I'm like, This is no way to live, so I decided to change jobs. There is no hard sell to tie you into something, it is quite the opposite in helping you build the analytical knowledge, skills and network to make informed decisions. Don't tell yourself a story that's going to keep you stuck in a box that you don't want to be in. This field is for validation purposes and should be left unchanged. It was always supposed to be something fun for her to do on the side of being a lawyer. You're doing this because you want to, you don't have to push yourself this hard. That's the other thing. Before starting at the CFPB, Tasha received a check from Youtube for a video she had created earlier. Sarah Cottrell: Oh, yeah. We use cookies on our website to give you the most relevant experience by remembering your preferences and visits. Tasha Cochran: Oh, you are absolutely not the only one. Click here to learn more about Wealth Builders Society. But I also recognize that I can't share that message if I'm not making money. Welcome back to another episode. I love that your journey takes into consideration quality of life, enjoying the life we are currently in instead of waiting 30 years before enjoying it. Zoom CEO and founder Eric Yuan benefitted from an astronomical growth in his company's share price as millions of people around the world turned to its video conferencing app for remote work and virtual hangouts. Her fortune stems from the Apple and Disney stock she inherited from her late husband, Apple cofounder Steve Jobs. It's a small percentage of the comments for sure, but every time it comes, it still hurts. We were just looking at it as this fun little side hustle. Tasha Cochran: Yeah. Sarah Cottrell: Awesome. Secondly, quoting Eleanor Roosevelt, It takes as much energy to wish as it does to plan. Dont just stop at wishing and hoping. 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. That's really challenging. The cookie is used to store the user consent for the cookies in the category "Performance". Despite a purported tech exodus, the Golden State is home to more billionaires than ever. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. There are actually so many things that I miss. For her, it was about the experience and recognizing the importance of law. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. 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. I don't know if I'm the only one who's had that feeling but it was very frustrating for me. Not consenting or withdrawing consent, may adversely affect certain features and functions. 22.10.28 Palm Springs Theme About Page Template [DO NOT EDIT], Course Palm Springs Course Sales Page Template Do Not Edit. 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. I said, Well, I'll fit in that niche as well., Sarah Cottrell: Yeah. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Sarah Cottrell: I love that advice. I had never thought about or planned out the details of my dream life until I joined Wealth Builders Society! Now, talking to my husband about finances and planning for the future is MUCH easier. One Big Happy Life now helps people find balance in their lives while building wealth and living a happy life. Global Main Line: 855-663-9584. Tasha Cochran: The same banking regulatory work but on the bank side. I can just nurture it. Now, in terms of building a business on YouTube, this is what I will say, we started out primarily as YouTubers because there was nothing else. Escucha y descarga los episodios de Lessons from a Quitter gratis. She went to the FDIC to do regulatory work, but she wasnt working as a lawyer. How to Invest Your Money & Start Building WealtH WITH EASE >>>. That's really challenging, and yes, you also have to deal with the trolls, the people who are sitting behind the safety of their keyboard who have never risked anything whose lives are super safe but they want to throw rocks at you and tear you down every single day. And it is incredible to me and a kind of solidified to me that people just need a mirror held up to them to see their own blind spots. But how do you make that happen in a busy world? Have a great week. In terms of, let's see, way, way back, how did I become a lawyer. Yes, work, but not feel so compelled to be a super achiever anymore. Debts are structured to be paid off in X amount of time. The Wealth builders team is a great group of people with a community alongside them that are genuinely committed to the financial independence of their members. Yuan has said that other areas of giving will include climate change and social equity. 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. Tasha Cochran: Absolutely. Today, youll read about Sarahs conversation with Tasha Cochran of One Big Happy Life. It will turbo-charge your trip to success. That's how I was able to figure out like, Hey, yes, I can totally buy a house even as a single teen mom.. Tasha Cochran: Oh, thank you for having me, Sarah. We talked and he gave me excellent proactive advise and discussed the idea of me joining the Wealth Builders Academy and Community. 2023 Former Lawyer. 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. The hours were better than other firms she had been to, but they still werent the best. By clicking Accept, you consent to the use of cookies. Two and a half years later, video creation has made Tasha a six-figure entrepreneur. I didn't have any expectations of what law school was going to look like or what the practice of law was going to look like because maybe I'm one of the few people that did not watch Law & Order or any of those legal drama shows so I didn't have any glamorous thoughts in my head about what it would be like. Tasha Cochran is an attorney, co-founder of One Big Happy Life, and a true trailblazer for lasting and effective financial freedom. For me, that balance worked out really well. Tasha is a shining example of what it is like to craft your own journey . Getting a structured approach to building wealth is amazing, and if you implement what you learn in Wealth Builders Society you really will see big, positive changes! Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Quoting Tasha, its personal finance for people who like nice things. Lets get right into Tashas story. Oh my gosh. During that time, I was able to do that because I just started to study personal finance and the law. Sarah Cottrell: Got it. What's really fun and one of the things that I love about our approach is that we actually show our numbers. It's been truly life-changing and given me the tools and mindset training I need to create a vision for that dream; and an action plan to bring it to fruition. One of them would be the retirement master class where we teach people the concept that we call the minimum savings rate. 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. You can grab Tashas free budget template to help you start budgeting one year at a time! Sarah Cottrell: Yeah. When I was 18 years old, yeah, we're taking it way back, so almost 20 years ago, I became pregnant with my daughter, Alexis. Frankly, it makes people look at debt and feel bad about their debt. We teach people how to enjoy life, enjoy the things that they want to have in their lives, so live full lives, and yes, spend money, but also balance enjoying life today while also building a seven or multi-seven figure nest egg. And we are making some strides very quickly and I want to be able to offer that if you can't afford the program. But even though she took the bar and became licensed, she was already in a good position with the HUD and even got a branch chief position. She was in a rotation with the DOJ, doing criminal law, which invigorated Tashas love for being a lawyer. It makes it more real and scary sometimes, but at least I can see it. I really enjoyed working at the firm. Sarah Cottrell: I think that is something that is really important for lawyers and non-lawyers and pretty much everyone in between. Because when your lawyer job is supporting your business, well, it doesn't matter what your business is doing. Tasha Cochran: Sure. Disclaimer | Privacy Policy | Terms of Use, Copyright 2023 Lessons From A Quitter, All Rights Reserved, How Tasha Cochran Built a Multiple Six Figure Side Hustle While Working as an Attorney. His fortune was further buoyed by his 33% share of work collaboration company Asana, which he cofounded in 2008 and took public in September 2020. She took a job that didnt require a law degree. The technical storage or access that is used exclusively for statistical purposes. I ended up getting a random check from YouTube because three years before, I had done a big chop where I cut off all of my chemically relaxed hair and went natural to grow out my curly hair. The people who aren't one of us are less than us. I don't have to feed it super growth-fueled. All Rights Reserved. When I got there, I had to tell the ethics department like, Hey, I'm doing this little YouTube thing. The cookie is used to store the user consent for the cookies in the category "Analytics". Identify how big the gap is between where you are and where you want to . Tasha Cochran: But I was committed and part of it was with my daughter, I only breastfed for six weeks because I couldn't afford a breast pump that was high quality and the military didn't facilitate pumping and storage of milk. When I found Scarlett on YouTube, her advice always just made sense! With my next child, which I had also waited so long to conceive and then struggled so long to conceive, I definitely wanted to do this so I was like just so focused on breastfeeding for a year, at least. Those are our two primary revenue sources. That was our goal. This is the minimum amount that you need to save every single month if you want to make sure that you can retire when you want to at the kind of a lifestyle that you want to live. Hire a coach, it will turbo charge your trip to success. And that is the beauty of personal finance. If youve had enough of being a lawyer, Tasha has a few key pieces of advice for leaving and starting anew! Become an inevitable millionaire linktr.ee/onebighappylife Posts Guides Reels Videos Tagged 22.10.28 Palm Springs Theme About Page Template [DO NOT EDIT], Course Palm Springs Course Sales Page Template Do Not Edit. I want people to know like when you are going out to start your own business, there is so much mindset work and so many things to figure out so many moving pieces to really keep your business going and you don't feel it until you're doing your business full-time. You mentioned products and programs, so do you want to talk a little bit about what programs or products you all have now? 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. Its one way of getting the message out to people and the beginning of the businesss value ladder. 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. Because I know a lot of peopleand I include myself in thisthey go to law school sometimes because they're interested in the law or they've had some particular experiences that made them interested in contracts or just whatever aspect of law there is out there that someone might be interested in and then they get to law school and it is a little bit of a different experience. Click here to learn more about Wealth Builders Society. Neither one of my parents graduated from high school and so just going to law school really opened my eyes to what was possible for me, and just to be around people who had these big visions and goals, and yes, some of them, they want to be president, and that's incredible to be around a group of people where anything is possible. I went to community college first and then I got my college degree. Yeah. Your children, their lives are going to be okay if they need to downside. The one thing, my favorite thing that I love to teach people about, is having a one-year spending plan. It's entirely possible. And, if youre serious about taking the big step and leaving the law, grab the First Steps To Leaving The Law. These cookies ensure basic functionalities and security features of the website, anonymously. Sarah Cottrell: I love that. I just posted this on Instagram Stories right before we started but I watched, well, I watched a number of your videos, but in particular the last day as a lawyer video and I was just like, This is amazing! So why don't you introduce yourself to the listeners and let them know a little bit about who you are? Six months down the road and I will now be debt free and generating savings and wealth within the next 18 months rather than the 5+ years I had previously thought it would take! I'm seeing the breakthroughs that people are having in my group program. This I have done, and am now undertaking the 9 steps and am very excited about what the future holds. I feel much more knowledgeable about my own finances now. That is what led me to make my next and final jump in the legal field which is I went to the Consumer Financial Protection Bureau as an attorney. Unfortunately, the experience didnt live up to what it was said to be. Click here to learn more about Wealth Builders Society, Not a member? I help lawyers who are considering leaving law explore alternative careers and identify the next right step for them. See more ideas about design working, design, website design. You are such an inspiration! It was more holistic and realistic than any other financial advice I have heard and at the time, I had some extra income to put toward Wealth Builders Society and felt it would benefit me greatly in the long run. There's a lot more pressure involved too. Third, did I mention the structure? LIVE INVESTING WORKSHOP! Then, of course, my therapist who I can talk to, and he gives me also that perspective of like, You're being too hard on yourself. That's not true at all. Although the pandemic brought travel plans to a halt and delayed Airbnb's Nasdaq debut, cofounder and CEO Chesky's patience paid off when the home-sharing company finally went public in December. So, Tasha started to look into what she wanted her business to be and how she would make it profitable. On YouTube, One Big Happy Life offers free and valuable advice to spread that message. In undergrad, I worked in the veterans affairs office, helping veterans navigate the student loan and veterans educational benefits process. The other thing that I was going to mention, I know on your channel, you have a video, I think it released pretty recently where you talked about the growth of the business from your first year until now and the exponential growth that occurred year over year, I will definitely put a link to that and also to the net worth stuff in the show notes so people can check that out if they're interested. I'm like, Something's got to change. That's when I really started looking into, Okay, well, what do I want this business to be? Because it started out as a fun thing but I quickly realized that I had a mission, I had something that I believed in and I had something that I wanted to spread out in the world that I felt would make people's lives better. I'm a big fan of therapy. Sarah Cottrell: Oh my goodness. A year after that, I left and I went to a public interest law firm and it was just amazing. Filed in: Financial & Net Worth Updates. I put in time for writing and then I'm like, Whatever time is left, that's the time that I can a lot to work. Tasha Cochran: Exactly. This has been such a fun conversation. Plus get instant access to an exclusive wealth masterclass. Get clarity on your reason 'why' and overcome inertia by setting your 1, 3 and 5 year goals and set your sights on creating a lasting family legacy. I tried litigation. I would say maybe one of the first things is to understand that you're not locked in to any particular course of action because of your finances. This cookie is set by GDPR Cookie Consent plugin. I won't even call them financial experts because they don't even call themselves financial experts, they're financial entertainers. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". I can just let my business grow. But, it also invites people to interact with the business through programs and other products. Not a member?lick here to learn more about Business Simplified. Often, and again, I'm totally speaking from my own experience here, often I think that part of that turns into not really thinking about yourself as a whole person, mind, body, soul, spirit, and just thinking of yourself as like how much work can I do? To provide the best experiences, we use technologies like cookies to store and/or access device information. I need concrete facts and numbers to learn and grow (and not panic! I love that I have my family that can cheer me on but I also love my business coach who is several steps ahead of me. I know it hasn't been very long but I would love to know what, if anything, do you miss from practicing as a lawyer and what are the things that you have gained from walking away from that to build this business? Honestly, that's why I love the Full Focus Planner. You don't have to choose to continue to live in that house. You think that yes, it's awesome to be able to do anything you want but when you can do anything you want, now you need to decide, Oh, my gosh, what should I actually do? and then create a system from absolutely nothing. Don't just stop at wishing and hoping, actually create your business plan, actually have your profit plan. Was it three years ago that you first started making additional videos? Get started today before this once in a lifetime opportunity expires. Because when you're just learning from marketers who are B2B, well, it doesn't always translate as well when you're trying to use the same tactics on people, like regular people who have to use their regular dollars to pay for things. Not a member? I just threw the video up on YouTube because I watched YouTube videos of people doing the same thing. Because when I was pregnant with my daughter, I didn't even have a driver's license. Not a member? Make your business approach a priority. I ended up doing consumer finance work as part of that fellowship and that's when it really hit home that oh, obviously, that is what I should be doing. Add in your lifestyle spending "You want to set a certain number of financial goals that you hit every year," Tasha Cochran said. Now, One Big Happy Life is its own business, with Youtube acting as a branch. 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 . Sarah Cottrell: Yeah. I think certainly anyone who has kids can understand how it can sometimes pretty radically shift your priorities. While a lot of channels on this list focus on living frugally in order to reach financial independence, One Big Happy Life approaches this differently. Because I think, not just with working for yourself but also people who are thinking about leaving the law, there are so many mindset issues that need to be overcome and so I would love to hear you talk about that a little bit more. It was frustrating for me working on the legal side where we're gathering all of these experts from all across the country, all across the world, all of these statisticians sitting there trying to figure out how do we enhance consumer access to credit, how do we increase consumer education where we're having symposia about the importance of building a strong credit report, and then we see the financial entertainers giving out all of this misinformation. You also have the option to opt-out of these cookies. I've gone from being a single teen mom living under the poverty line to living the life of my dreams while also creating a multi-million dollar legacy for my children. She also realized that she had very little interest in making hair videos, so she decided to rebrand and focus on personal finance. Dont let money block you from being happy. Elon Musk and Larry Ellison might have moved away, but California is still home to a record 189 billionaires. If it's making money, great, and most of us will end up just pouring all of that money right back into the business. 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. Yes, I took economics but nothing specifically about entrepreneurship or starting a business. Is the ROI there? For me, it was just going to law school to be able to understand those things and I definitely got that from law school. It took me about a year after law school to recognize that consumer finance and banking regulatory work is what I was interested in. Seriously, you can get it and start today. Tasha Cochran: Yeah, it's going to be a physical planner so that people can have something tangible to track their progress throughout the year. Between the hours and commute, Tasha was barely home. I tried white collar, and it was just not interesting to me so I decided not to go to a firm and decided to do a public service fellowship instead. I was barely home. As long as your nest egg is big enough to cover your debts, you're good. I am about six weeks out from being a lawyer. Also, this idea that, Well, I left the law for this thing so I've got to do well at it, all of that pressure is really challenging.
(855) USE-OPSEC
sales@opsecconsulting.com