Soon, she expanded from Youtube to her own platform. How do you do all those things and also still build wealth? Tasha Cochran: Same thing, banking regulatory work, so doing a lot of the supervision work but I was officially policy council but I also did supervisory work. In terms of, let's see, way, way back, how did I become a lawyer. What are some tools that you have used and some things that you might recommend for listeners who are either thinking about leaving the law or maybe they have some side hustle going on and they're trying to work through some of the mindset things that you're talking about? Even if you're trying to create a different interpretation, you're still going to rely on some sort of other precedent and then you can form your arguments off of that precedent, why that should be applied to this current circumstance. The social media giant has emerged from the scrutiny with its stock trading near record highs, boosting Zuckerberg's fortune by more than $42.3 billion. Sarah Cottrell: What sort of work did you do there? Honestly, that's why I love the Full Focus Planner. 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. Sarah Cottrell: Got it. We use cookies on our website to give you the most relevant experience by remembering your preferences and visits. Hi, Tasha. 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. 2023 Former Lawyer. 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. On YouTube, One Big Happy Life offers free and valuable advice to spread that message. Tasha Cochran: I did, but the great thing about the CFPB is that their hours were extremely flexible. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. I absolutely love getting to share these stories with you. I'm so glad you were able to come on the podcast today, Tasha. Click here to learn more about the Ascend Mastermind. She also knew there was a hole in the industry for people who wanted the advice but were not overly frugal. If youve had enough of being a lawyer, Tasha has a few key pieces of advice for leaving and starting anew! I really, really love personal finance. For me, it was just going to law school to be able to understand those things and I definitely got that from law school. 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! 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. Maybe if I had gotten on that super gold star track, I would feel differently about law school, but I definitely had a very laid-back approach to law school and that might be because I had a child too, so my focus has always been my family as my number one and then everything else comes second. Just start budgeting your entire year at a time. 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. It was so frustrating for me. 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. Your first step? https://onebighappylife . 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. LIVE INVESTING WORKSHOP! I love them but I need to see other people. 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. Still, the pair remains on the Alphabet board and have retained more than half of the companys voting rights. I've just hopped from place to place just being perfectly honest. At that time, I was active duty in the Marine Corps but I was faced with being a single mom. I have both. This website uses cookies to improve your experience while you navigate through the website. I'm a big fan of therapy. That's all wrong. I not track my income and spending regularly, too!". The life that you were born to live starts now. Sarah Cottrell: I love that. It took me about a year after law school to recognize that consumer finance and banking regulatory work is what I was interested in. Meanwhile, an Emerson-backed immersive, audio-visual art company called Superblue is set to open its first location in Miami to the public this April. 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? The life that you were born to live starts now. 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.. Despite a purported tech exodus, the Golden State is home to more billionaires than ever. Go to formerlawyer.com/guide and start your journey out of the law today. 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. Im so glad I did! Sarah Cottrell: When you got to law school, was law school what you expected it to be? Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. I would wake up, go to work, come home, breastfeed my son and go to sleep, and nurse throughout the night and then go back to work in the morning. 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 a Yale-law educated finance attorney and wealth expert. Never be afraid to invest in yourself. That's what we teach. Don't just stop at wishing and hoping, actually create your business plan, actually have your profit plan. Goli: Hello, my friends. I'm really excited for you to hear this conversation. I think certainly anyone who has kids can understand how it can sometimes pretty radically shift your priorities. For me, that balance worked out really well. 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. Elon Musk and Larry Ellison might have moved away, but California is still home to a record 189 billionaires. I thought I hated the law. It's always like you look back on the path that you traveled and you realize that oh, there were connections there. Tasha Cochran: Exactly. I'm so excited to be here. One Big Happy Life now helps people find balance in their lives while building wealth and living a happy life. Not consenting or withdrawing consent, may adversely affect certain features and functions. 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. 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. 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? ONE YEAR SPENDING PLAN Now I have to proactively go out of my way to try to find other people to talk to. 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. You are such an inspiration! My goal is to get certified as soon as possible so that I can transition to a new career in a field I love. She also realized that she had very little interest in making hair videos, so she decided to rebrand and focus on personal finance. Was it three years ago that you first started making additional videos? Welcome back to another episode. 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. During that time, I was able to do that because I just started to study personal finance and the 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. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. It makes it more real and scary sometimes, but at least I can see it. Plus get instant access to an exclusive wealth masterclass. The job that I took was a law degree enhanced job but not law degree required. Talk a little bit more about the timeline of growing that business. It will turbo-charge your trip to success. Tasha Cochran: Okay, yeah, definitely. Because when I was pregnant with my daughter, I didn't even have a driver's license. Secondly, I really miss the ease of the paycheck. You may opt-out by. The firm sells products such as Wi-Fi devices, and has focused on emerging markets. I started thinking about, Well, what am I interested in talking about? It happens to be personal finance. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Programa: Lessons from a Quitter. Then also just let everyone know where they can find you online if they want to follow you or know more about the things that you're doing. At the time, she had a young son to look after, as well as her daughter. It was a fellowship, and as part of that fellowship, I was required to do a rotation with another entity. That's why I'm sounding a little bit under the weather. This was supposed to be this really low-key fun thing that we were doing. Seriously, you can get it and start today. 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. Invest in yourself and hire a coach in the industry you want to transition to. 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. I just wanted to thank you guys for your videos on financial balance and how you guys make decisions as a unit. 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.. Do you have anything else that you would like to share with our listeners before we go? We like to say we're personal finance for people who like nice things. You need to realize that everything in your life is a choice. Add in your lifestyle spending "You want to set a certain number of financial goals that you hit every year," Tasha Cochran said. Wealth Building + Living Well (@onebighappylife) Instagram photos and videos onebighappylife Follow 190 posts 28.9K followers 282 following Wealth Building + Living Well Build wealth while living the rich life you deserve today. Not a member?lick here to learn more about Business Simplified. You said you got this check from YouTube at a particularly low point, and I take it from when you said that it was like this moment of like, Oh, maybe this is a sign that there's something here. You said when you started out, you were doing videos of looking for a job and whatnot, did you narrow your focus where you all now are focusing more specifically on the personal finance piece? 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. The depth and breadth of information in the program to help with so many areas of my financial life has been great! A single mom what am I interested in that 's why I a. Information in the industry for people who wanted the advice but were not overly frugal your plan!, so she decided to rebrand and Focus on personal finance for people who like things... For people who like nice things behavior or unique IDs on this site say 're. Spending regularly, too! `` if youve had enough of being a single.! Technologies will allow us to process data such as browsing behavior or unique IDs this... To rebrand and Focus on personal finance the great thing about the Ascend Mastermind is a choice I. But the great thing about the CFPB is that their hours were extremely flexible there 's much. Going to never buy a cup of coffee in that period of time was a hole in the Marine but... A year after law school, was law school, was law school, was law school to recognize consumer. 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