Just start budgeting your entire year at a time. 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. We're three years in, I'm definitely better at dealing with those comments than I was three years ago, but every single time, it's just devastating because you're pouring your heart and soul into this thing and this random person comes and just rips up your painting. I did criminal law. . Outside of tech, which is the source of wealth for 44% of California's billionaires, the state is also home to large concentrations of fortunes stemming from finance and investments (23%), as well as real estate (7%). Treat it as a priority. My name is Tasha Cochran. 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. Get started today before this once in a lifetime opportunity expires. It will turbo-charge your trip to success. Tasha Cochran: Sure. Sarah Cottrell: Okay. I cannot thank you enough for this education!. 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. Make your business approach a priority. Frankly, it makes people look at debt and feel bad about their debt. I'm a senior reporter covering venture capital and startups. 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. 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. Our primary program with One Big Happy Life is Wealth Builders Academy. 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. Tasha Cochran has come a long way from her time as a single mom earning $14,ooo annually while serving in the Marine Corps. That life that you've dreaming of? Sarah Cottrell: Is that going to be like a printed thing or electronic? I came to the United States when I was two years old. Sarah Cottrell: Yes. It took me about a year after law school to recognize that consumer finance and banking regulatory work is what I was interested in. Sarah Cottrell: Okay. Why don't you tell us a little bit about that business, and then can you take us way back and talk about what got you started on the path to law school in the first place? 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. That's not true at all. One of the things that I love about the perspective that you bring is my husband and I both went to law school, we had law school loans, that's a lot of debt. Debt, all it is, is a contract, it's just a financial instrument. My goal is to get certified as soon as possible so that I can transition to a new career in a field I love. Sarah Cottrell: This episode of The Former Lawyer Podcast is sponsored by my free guide: First Steps to Leaving the Law. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". Then when I was in law school, I was in the Mortgage Foreclosure Clinic, which I absolutely loved, but for some reason, when I went to the firms during the summers, it never occurred to me to try to be in their finance groups. 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. It's entirely possible. As a lawyer who works in consumer finance, I could see just how much misinformation was being spread by financial gurus. Youre a lawyer. 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 just threw the video up on YouTube because I watched YouTube videos of people doing the same thing. 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. I won't even call them financial experts because they don't even call themselves financial experts, they're financial entertainers. Sarah Cottrell: Awesome. She took a job that didnt require a law degree. I've just hopped from place to place just being perfectly honest. The only billionaire in the top ten not based in the San Francisco Bay Area, real estate mogul Bren's net worth fell by an estimated $200 million as Covid-19 dented the value of his properties. I'm so excited to be here. 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. It was so frustrating for me. And yes, I want to enjoy my life too! It was a laid-back approach since she was also a single mother. Not consenting or withdrawing consent, may adversely affect certain features and functions. The hours were definitely better than some of the bigger firms that I worked at but they were still law firm hours. Tasha Cochran: Okay. 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? In March, the Broad Institute of MIT and Harvard announced the launch of the Eric and Wendy Schmidt Center after the couple gave $150 million for an initiative funding research that combines biology with machine learning. all rights reserved. I have like a million questions I'm going to try to be semi-organized. Tasha Cochran is an attorney, co-founder of One Big Happy Life, and a true trailblazer for lasting and effective financial freedom. But beyond the credentials, I'm also a person with hopes, kids, student loans, a mortgage, and a dream to leave a legacy behind. We teach the wealth-building process from the beginning to the end in a holistic, easy to follow blueprint. 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. There are many different paths to wealth for any given person. I had a bunch of recordings scheduled for this week and also came down with a killer cold. 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. It lowered my anxiety! By clicking Accept, you consent to the use of cookies. Tasha Cochran: Oh, you are absolutely not the only one. Its taught me that finances are about so much more than just numbers! I thought I hated the law. Let's get right to the show. Understand what its going to take to get your business from where it is right now to where you need to go. Our mission, here at One Big Happy Life is to inspire you to create a life that you love waking up to every single day. The cookie is used to store the user consent for the cookies in the category "Analytics". Now I have to proactively go out of my way to try to find other people to talk to. Talk to me about that. And that is the beauty of personal finance. Sarah Cottrell: Yeah. This is where our family shares our tips and tricks for on how we manage our money, DIY our home decor, and organize the lives of two working parents and two kids while . Identify how big the gap is between where you are and where you want to . I don't have anything to prove. The company launched Zoom Cares in mid-2020, and has awarded grants to organizations combating Covid-19 and six education non-profits. How do you do all those things and also still build wealth? WELCOME TO ONE BIG HAPPY! But, as the revenue started to grow and the business started to take up more of her time, Tasha realized that she didnt have a business model and mind. Even if they need to switch schools, they will be okay. This has been such a fun conversation. 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. By the second year, they made $76,000, which a lawyer may think is relatively low for the amount of work. Youre that girl and a superstar is what you're saying. Secondly, I really miss the ease of the paycheck. This cookie is set by GDPR Cookie Consent plugin. Real stories from one of a kind business owners who started with courage and ended with successful digital courses. With the law, one of the things is you're working with a body of information that came before you. Hi, everyone. 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. 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. But how do you make that happen in a busy world? Goli: Hello, my friends. Life isn't just about one thing but money touches on just about. Sarah Cottrell: Oh, yeah. While Tasha did enjoy being a lawyer in a private firm, it started to weigh on her. I really enjoyed it but then I decided to go practice law. 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. On YouTube, One Big Happy Life offers free and valuable advice to spread that message. When you are in business for yourself, there are no rails, you're just floating out in the ether trying to make something out of absolutely nothing. 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. 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. That's part of what you guys are talking about. 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. The hours were better than other firms she had been to, but they still werent the best. This I have done, and am now undertaking the 9 steps and am very excited about what the future holds. On YouTube, One Big Happy Life offers free and valuable advice to spread that message. Its one way of getting the message out to people and the beginning of the businesss value ladder. If it's making money, great, and most of us will end up just pouring all of that money right back into the business. 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. Learning to know my numbers is key!!! Sarah Cottrell: I love that. With Musk, the world's second richest person, and Ellison, no. 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. Like yesterday, I plugged in the fact that we had this podcast interview today so that I'm knocking out the most important things and I'm setting that time aside including time for my family. Imagine you're in kindergarten, you just made your perfect little house and a little kid comes and rips your painting up, how that feels is like you just lost everything from that one person's comment. 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. But, it works no matter what. As a result, I bought a house, opened up a joint checking account with my partner, and to boot I got a promotion at work! By year two, after honestly busting our butts over that second year, and we made $76,000 the second year which seems awesome but not from a lawyer's perspective, I'm like, I'm working way too hard to just make $76,000 a year. Click here to learn more about The Sophisticated Investor. Not a member? Seriously, you can get it and start today. Global Main Line: 855-663-9584. 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. You need to change this.. Don't be afraid to invest in yourself. 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. Those are our two primary revenue sources. It's all about optimizing your finances, it's not about feeling bad about it, it's doing your absolute best with what you have right now. So, she decided to change jobs again but stay in the same field. But I also recognize that there was a dearth of information for people who aren't interested in being uber frugal, people who want to live the normal life where, yes, they may work for 30, 35 years but in a job that they love, they want to travel, they want the house, they want the kids. Tasha went from working as a lawyer to running her own online business and growing it to six, and hopefully soon, seven figures. Wealth Builders Society: Join the invitation list and be the first to be notified when enrollment opens. Thank you so much for joining me today, Tasha. Pera, who is Ubiquitis CEO and chairman, took the company public in 2011 and now holds nearly 90% of its stock. 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. 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. Youve already done it before. Sarah Cottrell: Got it. Canal: Lessons from a Quitter. 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. Sarah Cottrell: Got it. 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. LIVE INVESTING WORKSHOP! Yes, work, but not feel so compelled to be a super achiever anymore. 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. 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. You mentioned products and programs, so do you want to talk a little bit about what programs or products you all have now? Tasha also has a business coaching program called Ascend Mind. To me that was like a step off onto the mommy track, but it was still valuable work experience that would benefit me when I switched back over to doing legal work. 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. 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. Unfortunately, the sheen wore out on this position, and Tasha became miserable. More than half of the 35 Californian newcomers became billionaires thanks to a growth in tech industry assets. Create the Life You Want That life that you've dreaming of? take the. Stop looking at your life as paycheck to paycheck or month to month. Instead now, One Big Happy Life is its own business and YouTube is one arm of that business. You just have to look at it as this debt is a thing, it's here, what can I do to service this debt and meet my financial obligations but also enjoy my life and plan for my financial future? You are such an inspiration! I absolutely love getting to share these stories with you.
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