As Scarlett Cochran was growing up and moving into her professional life, she had a pretty clear definition of what “rich” meant. Over time, that definition changed dramatically.
After seeing the realities and requirements that her rich life demanded, she knew it was time for a change.
Now a former corporate lawyer and the Author of It's Not About the Money, Scarlett shares how she reinvented herself and pursued a new rich life that was better for her and her family.
Overview: How to Create Your Rich Life w/ Scarlett Cochran
Scarlett Cochran reviews the following:
- The moment that drove her to change career paths
- How Scarlett defines rich personally today
- Why it's never too late to create your rich life
LISTEN AND SUBSCRIBE ON:
Key Takeaways
Here are my top three takeaways from my conversation with Scarlett Cochran.
Crunch Your Happiness Numbers
There was a point in time when Scarlett was working countless hours so she could maximize her income and live a rich life (or so she thought at the time).
Over time, she realized that wasn’t the rich life she wanted. She wanted her time back!
So she crunched the numbers to see how much she ACTUALLY needed to make to live comfortably
If you’ve never thought about how much you need to live comfortably, I challenge you to think about it and do this exercise.
If you don’t have control of your time and want more control over it, re-analyze your budget and your expenses. This simple activity may give you some time-capturing epiphanies that may just lead you to your rich life.
Know What You Don’t Want
If you don’t know what you want out of life or you can’t easily define your rich life, start with what you don’t want!
For example, my long-term life goal is to never work on Mondays and Fridays. I would like to always have a 4-day weekend and a 3-day workweek.
Wouldn’t that be COOL?!
Now, that’ll take some time to get there, but I have a goal to work toward. And man, will that make me feel rich. Rich in TIME!
Get Inspired by Other People’s Positive Stories
Again, if you’re looking for inspiration in creating your rich life. Scarlett has a different POSITIVE take on social media.
Look for stories (like Scarlett’s) that inspire you and give you a roadmap to follow.
Surrounding yourself with positive examples, people and news, in general, can help you to have that rich life quicker than you might think.
Guest Bio – Scarlett Cochran
Scarlett Cochran is a lawyer, wealth expert, and founder of One Big Happy Life, where she has taught millions of people how to spend guilt-free while also building wealth for their best financial future.
She’s also the author of the new book, “It's Not About the Money: A Proven Path to Building Wealth and Living the Rich Life You Deserve.”
When she’s not helping people live a rich life, she’s enjoying spending time with her two kids and watching sci-fi TV shows.
Resources – Scarlett Cochran
One Big Happy Life (YouTube)
It's Not About the Money (Book)
Podcast Resources:
- Make My Kid a Millionaire Course: Want to make your kid a millionaire? Learn more about my course!
- Family Wealth + Happiness Guidebook: Get the 10 steps to young family wealth and happiness for free by signing up for our bi-weekly newsletter. This 39-page PDF gives the tools, guidance and resources to achieve your own version of family financial independence.
- MKM Coaching: Looking for someone to walk alongside you on your financial independence journey? Grab your free 15-minute consultation today.
- Corporate Financial Wellness Presentation: Contact me to discuss how I can support your company's overall financial wellness.
- Recommended Resources: You won’t reach your financial goals without the right tools. Here are my suggestions!
Carpe Diem Quote:
“Your self-worth is determined by you. You don’t have to depend on someone telling you who you are.”
– Beyoncé Knowles
What do you think of the advice from Scarlett Cochran? How do you define a rich life?
Please let us know in the comments below.
