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
Links from the show:
ESI Money
How to Manage Your Career to Make Millions More at ESI Money
LinkedIn
The Tim Ferriss Podcast
ToDoIst
Favorite Blogs:
Financial Samurai
Our Next Life
Favorite Article of all time: ‘I retired’ at ESI Money
Favorite Purchase on Amazon:
Horizon Zero Dawn
Airtight storage containers for storing coffee: EVAK
Connect with ESI on:
Twitter
Facebook
Books Mentioned in the Show:
Emotional Intelligence
view more