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023 | Career Hacking With ESI Money

ESI from ESI Money is on the podcast today talking about Career Hacking and how you can set yourself up to earn millions more over a working career with seven simple steps.

In Today’s Podcast We Cover:

  • ESI from ESIMoney.com is here to discuss ways you can increase your earnings through Career Hacking
  • ESI retired at 52 and reaching “financial independence” in his early 40s. He lives in Colorado, which is where many FI bloggers live
  • Your career is a multi-million dollar asset and it is important to focus on maximizing your earnings
  • There are steps you can take to increase your lifetime earnings while in the same job
  • Start with a higher beginning pay and how to get there
  • Start with a career that has a higher opening pay; negotiate your starting salary; increase your pay through education/degrees
  • How we can use this knowledge and apply it to our kids for ‘second generation fire’
  • How to get higher than 3% raises per year and how that can lead to millions of dollars of extra income through a career
  • Seven actionable steps to earn more money on yearly raises and grow your career
  • Step 1: Perform as well as possible in your job
  • Sit down with your boss and discuss expectations and make them quantifiable
  • Document your success and keep your boss informed, which helps “manage your boss”
  • Step 2: Be likeable or ‘more likeable’
  • People like to reward and promote people they like, so be nice and considerate
  • Step 3: Networking is essential
  • You need to help others as much as possible so they will be willing to help you in the future
  • ESI’s actionable tips on how to use LinkedIn to create and foster a network of valuable connections
  • How ESI reached out to his network when he was looking for a new job and he landed a job in Colorado through the network
  • Step 4: Be more attractive
  • Dress a little bit nicer and pay a little more attention to your appearance; “date your career”
  • Step 5: Continue learning and developing your skills
  • How Warren Buffett believes public speaking increases your career value 50%
  • Scott Adams’ ‘talent stack’ to create a valuable set of skills for your life and career
  • Trying to get better at life skills a little bit at a time every day
  • Step 6: Manage Yourself
  • Life skills you need to navigate life and your company politics, etc.
  • Create a system to getting things done in life for personal motivation and drive
  • Find yourself a mentor to guide you
  • How ESI uses a system he learned early on in his career to manage himself
  • How Brad and ESI both use ToDoIst to manage their lives
  • Step 7: Market Yourself
  • How you can get huge pay increases when you move to a new job and how to find new options
  • Hot Seat Questions
  • Favorite life hack: living in low cost cities and communities
  • Biggest financial mistake: Waited to start investing until after he got married.  Lost 5-7 years of compounded returns
  • Advice for your younger self: Start saving and investing earlier and more significantly

Listen to Brad and Jonathan’s thoughts about this episode here.

Links from the show:

Books Mentioned in the Show:

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