BZ Podcast Review 12: Pursuing FI with Millennial Money
Grant did everything he was supposed to do by working hard, going to a good University and do whatever his parents asked him to do. However when he graduated, he was unemployed and with no direction in life. He has to move back to live with his parents, which is not easily. You can imagine the disappointment he has in himself. However it is this desire to live a better life that make him turn his life around from being broke to financial freedom and create the websites Millennial money which has tens thousands of followers. Today we are going to review some of the key learnings Grant has along the way of pursuing FI.
Key Takeaway
1. When you are stuck, admit it
2. Setting your consulting fees: If you are not hurting a little or getting pushed back a little, you are not charge enough.
3. As a freelancer, what are you selling?
You wan to make your client look good in front of their boss
Selling is storytelling. There are hundreds of people out there who can do the work you do. What they don’t have is you. Lead with your story and that is what makes you stand out. You can selling at a human level. Try to connect your story with their story.
4. We are in a gig economy. Everyone wants to have a side hustle and everyone wants to become a money nomad and they should. However a lot of them did not fully optimize their full-time yet. Are you paid enough for the work you do? Are you making full use of the benefits at work? One way is go talk with a recruiter to learn
what is the competitive salary in the market for the work you do
what additional skills you need to acquire to get $50k more pay
what company has remote work policy that allows you work from anywhere.
After doing this, it is either a 20-minute meeting with your boss talking about your salary. Or work hard to get those additional skills and get a better compensated job.
For example, if you are a freelance ppc manager, who want to get some job on the side. Tell the recruiters that. Nowadays a lot of company prefer to hire freelancers instead of full-time. Let the recruiters do the selling, you just need to deliver the work.
5. There is a limit on how much you can save. However there is no limit of making more. You should cut back on unnecessary expenses however for those small things in life (coffee) that make you enjoy life, you should just enjoy that.
6. Side hustle to invest. Invest all your side hustle savings
7. Morning routine vs. Doing nothing. Either way is good. You just need to find the right balance about doing things. Sometime doing nothing or just sitting underneath a tree helps you think through life.
8. Always put life before money
9. Life is like music, it means to be played.
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Credited to: ChooseFI
