Episode description

023 | 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