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:
- ESI Money
- How to Manage Your Career to Make Millions More at ESI Money
- The Tim Ferriss Podcast
- ToDoIst
- Favorite Blogs:
- Favorite Article of all time: ‘I retired’ at ESI Money
- Favorite Purchase on Amazon:
- Connect with ESI on:
Books Mentioned in the Show:
