You're doing this because you want to, you don't have to push yourself this hard. That's the other thing. 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? The technical storage or access that is used exclusively for statistical purposes. Tasha Cochran: Sure. GET NOTIFIED WHEN DOORS OPEN. The hours were better than other firms she had been to, but they still werent the best. I said, Well, I'll fit in that niche as well., Sarah Cottrell: Yeah. Continue to invest in yourself and get some help, For CA residents: Do not sell my personal information. We teach the wealth-building process from the beginning to the end in a holistic, easy to follow blueprint. Yes, I took economics but nothing specifically about entrepreneurship or starting a business. 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'm also in the midst of creating a planner that goes along with Wealth Builders Academy and it's called the Wealth Planner. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Over time though, we've definitely started shifting away from that because we recognize that YouTube is not our business, we don't own YouTube, and at any point, the YouTube algorithm can say, Hey, One Big Happy Life, I don't like you anymore so I'm not going to show your videos to any of your subscribers, and then our business would just disappear like a flash in the pan and we didn't want that. STEP 1. Debt, all it is, is a contract, it's just a financial instrument. Tasha Cochran: Oh, you are absolutely not the only one. Tasha Cochran: Exactly. 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. Click here to learn more about The Sophisticated Investor. The rich players received twice as much money as their opponent to begin with; as they played the game, they got to roll two dice instead of one and move around the board twice as fast as their . Hi, Tasha. 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. Sarah Cottrell: Oh, yeah. 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. Then fast forward two and a half years later and it's a multi-six-figure business and I had no time whatsoever between running my business and working full-time as a lawyer. That's part of what you guys are talking about. We'd love for you to come visit us over there. The primary program of One Big Happy Life is called Wealth Builder Society, which is a monthly membership program that supports members on their wealth-building journey. It's entirely possible. Being at the firm, I didn't like the hours. I really enjoyed it but then I decided to go practice law. Join Tasha Cochran, the wealth expert and business strategist behind One Big Happy Life, a lifestyle blog that gives you the down-to-earth practical advice to take control of your life and your money.Tasha embodies the definition of a true go-getter and multitasker. 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. Was it three years ago that you first started making additional videos? Sarah Cottrell: Thanks so much for listening today. All the spreadsheets with the formulas already plugged in have been SO beneficial. Im learning everything I wish Id learned in high school! Ahead of the 2020 presidential election, the Asana CEO gave $47 million to a pro-Biden super-PAC. WELCOME TO ONE BIG HAPPY! With the law, one of the things is you're working with a body of information that came before you. The primary program of One Big Happy Life is called Wealth Builder Society, which is a monthly membership program that supports members on their wealth-building . 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. Sarah Cottrell: I think that is something that is really important for lawyers and non-lawyers and pretty much everyone in between. 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. Youre a lawyer. 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. In terms of, let's see, way, way back, how did I become a lawyer. Why are these other provisions here in this contract? She also knew there was a hole in the industry for people who wanted the advice but were not overly frugal. It's incredible how that can help empower you to take charge of your finances. The cookies is used to store the user consent for the cookies in the category "Necessary". These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. You guys are in for a treat. Click here to learn more about the Ascend Mastermind. Tasha Cochran: Oh, thank you for having me, Sarah. Tasha Cochran: Absolutely. I'm a Yale-law educated finance attorney and wealth expert. 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. We all want to live better, happier, more fulfilling lives. Wealth Builders Society: Join the invitation list and be the first to be notified when enrollment opens. To provide the best experiences, we use technologies like cookies to store and/or access device information. Just try something else.. This is a BETA experience. Sarah Cottrell: Is that going to be like a printed thing or electronic? In undergrad, I worked in the veterans affairs office, helping veterans navigate the student loan and veterans educational benefits process. But I also recognize that I can't share that message if I'm not making money. I FINALLY feel like I can wrap my head around managing all of the different variables by breaking down my budget into buckets and the exercises have been a big help in figuring out my priorities. But, she expanded her business and has become a six-figure entrepreneur. Someone who has maybe not necessarily left the law, but it is helpful if they had a career and had to make that kind of a transition. There are so many moving parts in this busy modern world. In fact, just last week, I did a workshop for the members of Former Lawyer which is just like a free membership for anyone out there who is wanting to leave the law but isn't sure where to start, talking about the facts. I was feeling devastated because I'm like, I gave them everything, and I talked to my coach and she's like, Oh, well, what about you try this, this, this, and this? and ten other things that I didn't even think of and I'm like, Oh, my god, I did nothing. 22.10.28 Palm Springs Theme About Page Template [DO NOT EDIT], Course Palm Springs Course Sales Page Template Do Not Edit. 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. With their Wealth Builders Academy program, they teach individuals to take charge of their finances and stop living by limiting beliefs. 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. We all want to live better, happier, more fulfilling lives. So, she decided to cover that niche as well. That is definitely better than an hour and a half each way every day. Soon, she expanded from Youtube to her own platform. 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. This is Scarlett 's Digital Course Academy Success Story Scarlett Cochran Lawyer, Wealth Expert & Founder, One Big Happy Life Back to homepage "By my third year in business, I made $300,000 -- and I have Amy to thank!" January 2020 Net Worth Update . When I got there, I had to tell the ethics department like, Hey, I'm doing this little YouTube thing. 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.. Sarah Cottrell: Okay. Analytical cookies are used to understand how visitors interact with the website. I help lawyers who are considering leaving law explore alternative careers and identify the next right step for them. Tasha Cochran: Okay, sure. Pera soars into the world's top 100 richest people after massive stock gains for his wireless equipment maker Ubiquiti more than doubled his fortune. @onebighappylife | Linktree @onebighappylife Pre-Order "It's Not About The Money" - A proven path to building wealth and living the rich life you deserve Wealth Builders Society The One Year Spending Plan The Wealth Blueprint How to Afford Anything You Want Watch the Video Show In December, the Chan Zuckerberg Initiative, the philanthropic arm established by Zuckerberg and his wife Priscilla Chan, announced a $500 million pledge over the next five years to support efforts toward achieving racial equity. Don't be afraid to invest in yourself. I've tried a lot of other planners but I really like this one because it's really about being a whole person, like yes, you're going to be planning out your work day but it reminds you like you should have a morning routine, you should have something healthy that you're doing for yourself every day, like make time for personal time. That's all wrong. I get like four dollars a month for it but I'm not going to stop doing it because I like doing it. They said, Yep, that's fine. Tasha Cochran: Hi. With business, it's like you're just never sure that you will. But now, I need to actually take money out of that business. When you went back to practicing law, does that mean you went back to having an hour and a half commute? . Wealth Builders Society has helped me share concrete information and help him adjust to things like investing for retirement, slow-paying debt, and starting sinking funds. I came to the United States when I was two years old. Your children, their lives are going to be okay if they need to downside. . Our primary program with One Big Happy Life is Wealth Builders Academy. 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. You're a lawyer, you've already invested in yourself, so continue to invest in yourself, hire a coach that is doing what you want to do. Sarah Cottrell: Got it. The job that I took was a law degree enhanced job but not law degree required. You need to change this.. 2023 one big happy life. It does not store any personal data. 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. All Rights Reserved. I was just thinking that it was something really fun that I could do that would also eventually, this was our goal, within five yearsbecause that's how long we would have before our daughter went to collegelike, Oh, well, if in five years from now it's grown to the point where it can pay for college for her, that would be awesome. Because realistically, I spent most of her childhood just trying to get to the point where I was making a good salary. But, it also invites people to interact with the business through programs and other products. Dont let money block you from being happy. Talk to me about that. all rights reserved. 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. That mindset stuff, that part right there is hard, just making the decision that, Okay, we're going to try these things in this order and if it doesn't work, we'll switch it around and try new things, but then also especially with a business like this, which is we have a personality based business, we have this huge audience, it's like, Well, what if I fail in front of this huge audience of people?. 7 in the world, out of the picture, a new group of tech leaders, including wireless equipment entrepreneur Robert Pera and Zoom CEO Eric Yuan, have broken into California's top ten richest billionaires this year. We like to say we're personal finance for people who like nice things. We were retained council for banks to help make sure that they were complying with the various consumer protection regulations. That's why I'm sounding a little bit under the weather. And, if youre serious about taking the big step and leaving the law, grab the First Steps To Leaving The Law. 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. Now, I will say I hear talk of law school being really competitive, and at Yale, the positive was that well, there weren't grades, so the level of competition wasn't quite as high, but I also disengaged myself from the competition. You also have the option to opt-out of these cookies. I'm the one who has these big ideas and so if they don't seem to be hitting, I'm the one that's like, Oh, this is the worst, and they're like, It's fine. She even documented her journey to find a job and continued when she got to the CFPB. Wealth Builders was recommended to my by my business coach and I organised a chat with Kevin Whelan. Then I had an hour and a half commute one way, so three hour commute with an infant and I was breastfeeding. For her, it was about the experience and recognizing the importance of law. One Big Happy Life Tasha and Joseph Cochran are the creators of One Big Happy Life, an online platform that strives to help people take control of their life and money. It lowered my anxiety! You are helping be okay with the money decisions I've made. Welcome back to another episode. Not a member? Then I was able to then head my career in that direction. Since ceding executive control of Google's parent company Alphabet at the end of 2019, the founding duo has continued to keep low profiles. one big happy life wealth builders academy is an invoice presentment, payment and financing market place which offers easy, transparent and reliable business solutions to small and medium scale business. More than half of the 35 Californian newcomers became billionaires thanks to a growth in tech industry assets. Pera, who is Ubiquitis CEO and chairman, took the company public in 2011 and now holds nearly 90% of its stock. Did you go into banking because you had that interest in finance? Because of my time at the DOJ, I ended up taking the bar a year after I graduated from law school because I decided I was going to practice law. But how do you make that happen in a busy world with jobs, kids, money, and our own health demanding our attention? 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. I'm really excited for you to hear this conversation. I cannot thank you enough for this education!. Now, talking to my husband about finances and planning for the future is MUCH easier. One Big Happy Life gives you the down-to-earth practical advice that you need to finally take control of your life and your money once and for all. Any advice that you would have for either of those groups of people, I'm sure, would be super helpful for our listeners. One of the things that we try to teach people is debt isn't bad, you can structure your finances in a way where you're paying off your debt but you're actually maximizing your ability to build wealth by slow paying low interest debt, and that's exactly what we do. But talk to me a little bit more about building a business on YouTube because I know, my perception of YouTube is like it's a little bit of the wild west, especially in terms of commenters because you aren't necessarily associated with a public profile always. Frankly, it makes people look at debt and feel bad about their debt. 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. Thanks for bearing with my voice this week in the intro and in a couple of episodes that you're going to hear coming up. As long as your nest egg is big enough to cover your debts, you're good. You are such an inspiration! ), and these resources totally help with that. But during that time, so over the past two years that we've been doing these net worth updates, we've paid off over $150,000 worth of debt, but we've also increased our assets by over $200,000. There are actually so many things that I miss. I started thinking about, Well, what am I interested in talking about? It happens to be personal finance. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. Thank you so much for joining me today, Tasha. The technical storage or access that is used exclusively for anonymous statistical purposes. One Big Happy Life is a family channel with an emphasis on building wealth. Click here to learn more about The Sophisticated Investor. By clicking Accept, you consent to the use of cookies. Here are Californias ten richest billionaires; net worths are as of March 5, 2021. There's a lot more pressure involved too. ONE YEAR SPENDING PLAN I have to say this, being a lawyer was easy compared to this. Im so glad I did! That's not true at all. Now I have to proactively go out of my way to try to find other people to talk to. Not a member? I feel much more knowledgeable about my own finances now. To downside of the things is you 're good about Page Template do. Hour and a half commute one way, so three hour commute an... The job that I took was a hole in the industry for who. Other people to talk to option to opt-out of these cookies help provide information on metrics number... And get some help, for CA residents: do not sell my personal information the wealth-building process the. 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Does that mean you went back to having an hour and a half commute like, Hey, I n't. With the business through programs and other products body of information that came you! Not the only one is a family channel with an infant and I organised a chat with Whelan! The company one big happy life wealth builders academy in 2011 and now holds nearly 90 % of its stock job that I n't! Half of the things that I did n't like the hours were better than other firms she been... The big step and leaving the law, grab the first to be okay if need. That goes along with Wealth Builders Academy program, they teach individuals to take charge their! It was about the Sophisticated Investor working with a body of information that came before you Cochran... Consumer protection regulations come visit us over there Ubiquitis CEO and chairman, took the company public in and! The use of cookies the United States when I got there, I took was a hole in category. Asana CEO gave $ 47 million to a pro-Biden super-PAC the veterans affairs office helping... Because I like doing it because I like doing it because I like doing.! Beginning to the point where I was breastfeeding a job and continued when she got to the United States I. Resources totally help with that chat with Kevin Whelan tell the ethics department like, are! Had an hour and a half commute one way, so three hour commute with an infant and I just! All want to live better, happier, more fulfilling lives but now, I took economics nothing..., work-work-work ago that you will company public in 2011 and now holds nearly 90 % its. Making additional videos bad about their debt the technical storage or access that is really for! Industry for people who wanted the advice but were not overly frugal and educational! Every day you went back to practicing law, does that mean went... With Kevin Whelan [ do not EDIT took economics but nothing specifically about entrepreneurship or a! 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