That's really challenging that you just don't really have to deal with in the law. We were just looking at it as this fun little side hustle. Even if they need to switch schools, they will be okay. The roadmap and content videos with the coaching sessions have been so valuable. It's incredible how that can help empower you to take charge of your finances. 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. But, it also invites people to interact with the business through programs and other products. I won't even call them financial experts because they don't even call themselves financial experts, they're financial entertainers. 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. It makes it more real and scary sometimes, but at least I can see it. Click here to learn more about The Sophisticated Investor. I can just nurture it. 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. The founder and president of philanthropic vehicle Emerson Collective, Powell Jobs has put money into causes including education, immigration, environment and the media. The Menu. After her stint in public interest law, Tasha made a few moves around the industry a few times before landing in a private firm. 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. It could be a federal agency or some non-profit, something related and that would enhance my expertise for the position that I was in and so I decided to do a rotation with DOJ. Hi, everyone. You can get it at onebighappylife.com/budget. Sarah Cottrell: Got it. 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 . This field is for validation purposes and should be left unchanged. I started thinking about, Well, what am I interested in talking about? It happens to be personal finance. Add in your lifestyle spending "You want to set a certain number of financial goals that you hit every year," Tasha Cochran said. 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. It's also helping me to dream even bigger dreams and attach it to a goal/date and money goal. We did pay off our student loans last year but after 10 years of working as lawyers. How do you do all those things and also still build wealth? 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. I'm seeing the breakthroughs that people are having in my group program. 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. ONE BIG HAPPY LIFE 2023 | ALL RIGHTS RESERVED | LEGAL. All Rights Reserved. These cookies will be stored in your browser only with your consent. The cookie is used to store the user consent for the cookies in the category "Analytics". When Tasha started her business, she didnt know how to run a business. But, it works no matter what. 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. ), then in legal publishing, and finally as an appellate court staff attorney. Tasha Cochran: The same banking regulatory work but on the bank side. 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. A go-at-your-own-pace training for\u0003course creators & copywriters ready\u0003to book clients & sell programs.\u0003every time you hit that "send" button! You guys are in for a treat. 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. Money shame is real. Canal: Lessons from a Quitter. Sarah Cottrell: Awesome. When I was plotting out my day last night, which is seriously this is the first day I've used it, so this is me gushing about a thing I've used for all of one day, but I was looking at it and I'm like, Okay, I have all these things that I want to do because I started with my big three, and then I started plugging them in I'm like, But I need to work out. I heard my therapists voice say, You don't need to do anything, you want to do this so you can choose to do this.. 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. 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. Did you go into banking because you had that interest in finance? Life isn't just about one thing but money touches on just about. Then I was able to then head my career in that direction. 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? There are many different paths to wealth for any given person. Do you have anything else that you would like to share with our listeners before we go? Is the ROI there? 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. 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. One of the misconceptions people have is that if you just pay your debt as agreed, you'll always be in debt. 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. This sparked an interest and became a hobby for Tasha. 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. This was supposed to be this really low-key fun thing that we were doing. We also use third-party cookies that help us analyze and understand how you use this website. I went to Yale and then after Yale, I went into banking regulatory law. Both of them, the way that they have structured their business, it's a cult-ture where, oh no, seriously, they otherwise anyone who doesn't believe what they believe and they do it by allowing the people who believe what they believe to get a feeling of superiority over the people who don't believe. 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. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. By clicking Accept, you consent to the use of cookies. I'm also in the midst of creating a planner that goes along with Wealth Builders Academy and it's called the Wealth Planner. And we are making some strides very quickly and I want to be able to offer that if you can't afford the program. Treat it as a priority. all rights reserved. Who doesn't love planners? One Big Happy Life is a family channel with an emphasis on building wealth. I can just let my business grow. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. 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 breastfed for two years. 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. 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. Sarah Cottrell: What kind of work did you do at the Consumer Financial Protection Bureau? 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. 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. Tasha went into law school without expectations of what law school and working as a lawyer were really life. In 2012, he bought a controlling stake in the NBAs Memphis Grizzlies. 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. I went to community college first and then I got my college degree. There were a couple of moves. Let's get right to it. But I also recognize that I can't share that message if I'm not making money. This is especially great if you're going to be making a transition but it's good no matter what. It's one way of us getting our message out to people and it's the very beginning of our value ladder. Oh my gosh. Before I do, I wanted to quickly let you know that I started offering free coaching. Talk to me about how you got from there to where you are now. Tasha Cochran: I really enjoyed the intellectual aspect of law school. I really, really love personal finance. Pera, who is Ubiquitis CEO and chairman, took the company public in 2011 and now holds nearly 90% of its stock. We'll send you doses of life-changing inspo right in your inbox each weekeverything you need to create the life you want. It's always like you look back on the path that you traveled and you realize that oh, there were connections there. By the second year, they made $76,000, which a lawyer may think is relatively low for the amount of work. 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. Wealth Builders was recommended to my by my business coach and I organised a chat with Kevin Whelan. We were retained council for banks to help make sure that they were complying with the various consumer protection regulations. I have like a million questions I'm going to try to be semi-organized. Tasha Cochran: Hi. 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. Because I think there were a couple different, or maybe at least one more move in there, and so I'd just love to know exactly how you moved through that and also at what point you started thinking, Hey, maybe I actually don't want to practice anymore? 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. I don't have to feed it super growth-fueled. The life that you were born to live starts now. 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. I'm like, But there are people in the New Jersey Office, why am I in New Jersey?. 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. 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. 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. What year did you graduate from law school? And that is the beauty of personal finance. 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? I have a couple questions about what advice you would give to people and the first is just generically what advice do you have for people who are looking to leave the law? There wasn't information for those people. Honestly, that's why I love the Full Focus Planner. For me, that balance worked out really well. There was still a billable hour requirement and there was a certain amount of face time that was required that I really didn't like. This conversation today is my conversation with Tasha Cochran of One Big Happy Life. 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