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392: Getting Your Dream Job by Illustrating Your Value with Austin Belcak

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Austin Belcak says: "You should only be taking advice from the people who already have what you want."

Austin Belcak explains how deep research, cold emailing, and solving one of your dream company’s problems upfront accelerates job hunting–while building your skills.

You’ll Learn:

  1. Two common themes to successful job searches
  2. How to do cold outreach that gets responses
  3. Two ways to effectively illustrate your value

About Austin

Austin is the founder of Cultivated Culture where he teaches people how to land jobs they love without connections, without traditional experience, and without applying online.

Austin’s created a community of over 30,000 job seekers who have leveraged his strategies to land jobs at places like Google, Microsoft, Facebook, Apple, Amazon, and more.

Items Mentioned in this Show:

Austin Belcak Interview Transcript

Pete Mockaitis
Austin, thanks so much for joining us here on the How to be Awesome at Your Job podcast.

Austin Belcak
Pete, I am so happy to be here. Thank you for having me.

Pete Mockaitis
I think we’re going to have a lot of fun. You talk a lot about the career hunt and how it’s done better, but you’ve got a pretty dramatic story yourself of coming from a pretty miserable place it sounds like in your career to a much better one. Could you tell us the tale?

Austin Belcak
Yeah, absolutely. Just to give some people context around where we’re at now before we rewind. I work full time at Microsoft. I work in sales there on the advertising side of our business in New York City.

But on the side of that full time job, I run a site called CultivatedCulture.com, where I basically teach people to leverage some unconventional strategies to land jobs they love without traditional experience, without prior connections, and without applying online.

I started that about three years ago and since then we’ve grown the community to – there’s about 12,000 people in it now. About 30,000 people have come through the doors total. Many of them have gone on to land jobs at places like Google and Microsoft and Facebook, Apple, Amazon and many, many other industries as well. That’s basically where I am now, but to your point, it has not always been that way.

If we rewind the clock back to high school for me, which is now more years ago than I’d like to admit, I was dead set on being a doctor. I had taken all these classes in high school and biology really resonated with me and chemistry did as well. I thought this would be cool and doctors make a lot of money. They’re well regarded in society. Mom and dad would be happy.

I set my sights on that and I kind of tailored my whole strategy around getting into a college with a good premed track. I sort of made that happen. I ended up at Wake Forest University, which given the grades that I had and their programs, that was a good fit for me.

But I had gone to boarding school for high school and boarding school was awesome. It was a great experience, but it was a bit sheltered in the fact that while we had some freedoms on campus, there wasn’t that same level of exposure that you may get at a regular day high school where you have to drive there and you can go to people’s houses on the weekends and things like that.

I got to Wake Forest and the social scene was I guess we could say much more robust than it was in boarding school.

Pete Mockaitis
You talk about a robust social scene makes me imagine you doing keg stands. I don’t know if that’s what you mean by that, but-

Austin Belcak
That’s exactly what I mean by that, Pete. That’s exactly what happened. The first night literally we moved into the dorms and the first night I remember walking out with my new roommate and a couple of guys we met that day.

This car pulls up in front of us and they’re like, “Hey, you want to go to a party?” Alarm bells going off in your head and your mom’s like, “Austin, don’t talk to strangers. Don’t get into weird cars.” We’re like, “No, that’s fine.” Then we look behind him and there’s just this whole line of cars.

The next guy pulls up and says, “You want to go to a party?” We’re like, “Is this a thing?” They’re like, “Oh yeah, this is what happens.” Basically these cars pull up, you hop in one and they take you to a party. That was kind of the beginning of the end of my medical career as far as being a doctor goes.

Pete Mockaitis
Because you were just partying so much, you weren’t focusing on the grades or what happened exactly at this party?

Austin Belcak
Pretty much. All these freedoms that you never had at home are suddenly available.

That was way more interesting to me than class was, so I immediately failed chemistry my first semester. Then I went ahead and failed French the next semester. I rounded out my freshman year with a 1.99 GPA, which is not great. I don’t know too many med schools these days that are accepting kids with that sort of GPA. My dreams were kind of shattered.

I wasn’t too upset about it, but I kind of had this choice, I could continue to explore and try and find a new passion or I could continue enjoying this new social scene that was exciting and fun. I decided to do that. Basically, that carried me through. I kept my biology major.

That carried me through to junior year when my roommate’s dad, who is an orthopedic surgeon, he kind of plopped an internship in my lap with a medical device sales company. They were a subsidiary of Johnson and Johnson.

I worked there during the summer. They gave me a job offer at the end of the summer. They said, “It’s yours if you want it.” I thought that was awesome because that meant that I could totally slack off senior year and I had my job and I was good to go.

That’s exactly what I did. I didn’t apply anywhere else. I didn’t interview anywhere else. Then I graduated from college and I kind of got slapped in the face.

I hadn’t taken into account anything like cost of living, racked up about 10,000 bucks for the credit card debt in the first three months out of college literally just trying to make ends meet.

Then my boss was just terrible.
Then finally the job itself, I was getting up some days at 2:30 – 3 in the morning to drive two and a half hours to get to the hospital by 6 AM. That really was not super fun.

One day my boss told me in a very condescending fashion, “Maybe you should think about another career.” I actually said, “That’s pretty good advice at this point.”

I assumed that going to a four-year undergraduate college and getting degree would at least get me my foot in the door somewhere. It would give me a chance. Why else did I pay all this money for this degree? I set my sights on technology.

I set my sights on one of these leading tech companies and I applied to them. I got rejected pretty quickly.

I figured I needed to go get some advice. I stopped by my career counselor’s office at Wake Forest. I talked to my parents. I talked to my friends, who had landed jobs. I kind of tried to consolidate all of their advice. The common theme was that I should basically find jobs online, Tweet my resume for them, personalize my resume and my cover letter, apply for them and then kind of cross my fingers and hope that somebody got back to me.

If nobody got back to me, then the next step was to basically rinse and repeat until somebody did. I was told pretty frequently that it was a numbers game, so the more stuff I threw up against the wall, the better chance I had of something sticking and landing that job offer. I continued down that path.

I took a step back and I started applying to companies in the mid-tier startup range and didn’t hear anything from them. I started with early stage startups and didn’t hear anything from them. Then I was applying to companies that just had the word tech somewhere on their site. I still didn’t hear anything from them.

At this point I was really frustrated because I was doing everything I was supposed to do. I just had gotten this quarter of a million dollar education that’s supposed to get me a job. That’s the whole point of it. Here I was with nothing. I was incredibly, incredibly angry, but I didn’t know what else to do.

About that same time I was reaching out to some alumni at Wake and somebody I had a conversation with basically gave me a light bulb moment. They told me that I was taking advice from the wrong people. I thought that was crazy because throughout our lives when we grow up, the people that we look to for advice are our parents and our friends and our teachers and the people that we look up to.

I was like, “I don’t understand. What exactly do you mean?” He said you should only be taking advice from the people who already have what you want.” That really resonated with me because while my parents were successful in their own right and my friends had been successful out of college in their own right, none of them had come out with a terrible GPA and a biology degree and a job in medicine with three months of professional experience, and now I had aspirations to work at Microsoft or Google.

I realized that I needed to go out and find people who had done that and had done it successfully and quickly and who were around my age.

I immediately drove home and I wrote down criteria for my job search or my dream job, rather. Those were – there were four criteria. The first was to be working at a leading company like a Google or a Microsoft or Facebook; to be making over $100,000 a year; to be working in a major city like New York, San Francisco, and LA; and finally, to be doing that all before the age of 26 because I didn’t want to wait until I was 40 for all this to come to fruition.

I took my list of my criteria and I went out on LinkedIn and I found people who matched that criteria as best as I possibly could. I tried to find these young folks who are working at those amazing companies. I looked at their salaries on Glassdoor to make sure that they were in the range. Then I just started reaching out cold. I probably reached out to about 50 or 60 people. Roughly 10 to 15 got back to me. I started having-

Pete Mockaitis
That’s a decent ratio.

Austin Belcak
Yeah. I was very, very surprised, especially for the first pass. I think it was more beginners’ luck than anything because when I started my full outreach for the job search later on, the ratio was not so good and I had to do a little bit of learning to improve that. But for whatever reason it seemed to work out.

I had conversations with these people. I tried to learn as much as I could about their stories and the strategies that they used and how they approached this job search. There were a couple of common themes.

The first was that all of them had gotten in via a referral of some kind, which is really interesting to me. The second was that they all found creative ways to illustrate their value. They stepped outside of the box, the traditional box, of a resume and a cover letter and some interview answers to illustrate their value. That was also really interesting to me.

I took what I learned and I did a bunch of research. I basically made it my mission to turn the hiring process into a game and try to figure out how I could create some shortcuts. A lot of my time was spent learning how to build relationships with people I’d never met before, finding ways to understand the challenges they were facing, the challenges their companies were facing, new initiatives and projects that they were releasing, basically any way that I could add value.

Then I would go back and I would research those problems and I would come up with creative ways to highlight what I brought to the table and the tangible value that I offered if they took a chance on me. I basically spun those up over the next couple of years to land offers at Microsoft and Google and Twitter and a whole bunch of other places. The rest is history, so here I am.

But after I started working at Microsoft, I had a bunch of people from Wake Forest reach out to me and they were like, “Aren’t you the kid who graduated with like a 2.5 GPA? How the heck are you working at Microsoft?” When the 20th person asked me that I thought I’m having the same conversation with all these people, maybe I could find a way to write this down in a scalable fashion.

I started up my site. I came up with my name pretty off the cuff. I really just wanted to get this blog post out there. I wrote it all up. I did some promotion. It got an incredibly positive response from friends and family but also from strangers on the internet. That’s really how this whole thing started. Now we’ve been going strong from about three years.

Pete Mockaitis
Well, I’d love to dig into the particulars on these tactics, so the creative ways of demonstrating your value and acquiring these referrals. How did you do it and how have you seen other people do it successfully?

Austin Belcak
Definitely. The overarching theme here is find people who can have the biggest impact on the hiring decision for the role that you want, number one. Number two is to build a relationship with them regardless of whether you’ve met them or not.

I was talking to somebody earlier on the phone today and she was like, “You mean reach out to total strangers?” I was like, “Yeah, we’ve got to reach out to total strangers.” It’s overcoming that barrier as well. Then finally, those creative ways to illustrate your values.

If we start with the first piece there, when we talk about locating or identifying people who can have the biggest impact on the hiring decision, it really comes down to somebody who would be your manager if you got hired or would be your colleague sitting at the desk next to you.

I think a lot of people feel like reaching out to recruiters is something that is really important and needs to be done, but I personally don’t recommend it. Recruiters – it’s no knock against recruiters because what they do is really important, but they are inundated with emails and it is so hard to stand out.

Even if you do get the opportunity to stand out and they reply to you, their influence ends when they refer you in for an interview. They’re not going to be able to advocate for you through the hiring process. They’re not going to be in the room where the hiring decision is made.

But if you get in touch with somebody who would be sitting at the desk next to you on your team or would be your manager, they can also refer you in, but then they can also kind of be your champion internally and coach you through the interview process. They can advocate for you in the room where the actual hiring decision is being made. That is so critical.

But on top of that, they’re not getting bombarded with emails from potential candidates. It’s also a lot easier to get in touch with them using the right outreach strategies. That’s the first step is kind of getting yourself in the mindset of who to reach out to, why, and then we have to go out and find them.

Pete Mockaitis
Can you tell me in terms of the who, I guess how do you know that the person from the outside looking in, that the person you’re reaching out to would in fact be your manager or your colleague in the desk next to you?

I suppose in some ways if they have pretty specific titles, you can be like, “Oh yes, that’s dead on,” but other times the title might be something – I thinking of Microsoft, thousands of people might have the same title in terms of what they’re doing. How do you get clear on these would be the nine people that would be the influencers on what I’m really after?

Austin Belcak
Yeah, it’s a great question. I think you kind of hit the nail on the head, Pete. You’re never going to be able to – that’s not true. Never say never. You may get a tip on who the hiring manager is and that’s great. But in the majority of cases, you’re not going to be able to pinpoint the exact hiring manager. The best thing that you can do is take an educated guess. That’s exactly what you mentioned.

Let’s say I want a job at Microsoft in New York as an account manager. I can go look up all the account managers that currently work at Microsoft in New York. That’s probably going to be my best target base. I do know that if I reach out to all of them that I will hit somebody who will be on the team I’m being hired for because I reach out to literally everybody. That’s one way to cover it.

I also recommend reaching out to as many people as you can. A lot of people ask me, “Is it weird if I reach out to multiple people at the same company? What if they start talking about me? What if my name gets out there? Is that going to hurt my chances?” At the end of the day, no. That’s not what I’ve seen.

My background is in sales and I’m in sales now. There’s a nice little anecdote that sales people like to throw around where a lot of the deals get done or big steps or breakthroughs happen on the seventh touch point. It’s really about that familiarity. You kind of have to get – the more that you get in front of somebody rather, the more familiar you become and the more likely they are to then take that action.

Pete Mockaitis
Well, I’m thinking in a way I imagine if they do talk about you. Then it’s conceivably possible that they’d say, “Oh my gosh, why is this guy wasting our time? I already gave him the answers, so he’s talking to three other people who give him the same answers,” but I think it might be more likely that the response is, “Whoa, we almost never see candidates who are so committed as to go to this length to get in. That’s interesting. We should take a closer look at this guy.”

Austin Belcak
100%. That is – the majority of the times that I’ve gone through this and when I’ve coached people and gotten feedback, and even talked to the hiring managers themselves, that is the exact feedback we’ve gotten. People are typically – they typically see that as a sign of persistence and a sign of enthusiasm and motivation and a differentiator from all these other candidates who are just relying on the baseline or the minimum required to kind of get their foot in the door.

But on top of that, some of the other tactics we’re going to talk about in a second here are going to make it so that even if there was a doubt, even if they are kind of around the water cooler and they’re like, “Who’s this Pete person? His name’s come up. I don’t know. He’s kind of weird. He’s reaching out to all of us.”

Pete Mockaitis
Definitely weird.

Austin Belcak
The next step is going to wipe that off the table, which is once you’re able to – this is kind of two-fold. When we think about creating something valuable that illustrates our value and it is compelling to the person, there’s two ways to get it. We can either get it from the contacts themselves or we can get it through our own research.

One of the most important things you can do is put in as much time researching this company as you possibly can. If you do that ahead of time, if you do that before you reach out to people, you’re going to be that much more prepared when you are reaching out. You’re going to have better outreach, but also a lot of times somebody will – people will be surprised.

If you’ve never done cold outreach before, you never know when somebody is going to hit you back up and say, “Hey, I have time in two hours. Can we talk then?” Then the fear and the stress set in if you’re not prepared and you scramble to think of questions and you don’t know what to talk to them about.

But if you spent this time researching the company and you understand the challenges they’re facing, how they’re addressing them, the wins that they’ve had, what’s their current status on X, Y, and Z projects or X, Y, and Z brands, then you come to the table with that much more ammunition to start and drive the conversation. Doing some of this research ahead of time is really, really powerful, but it also allows you to come up with some value-add angles ahead of time.

Then you can either – basically the conversations that you have, you can flush those out. You can kind of validate them. You can tease them out with questions or posing different ideas or statements that relate to the thing you’ve come up with and you can gauge the response.

If the person on the other side says, “That’s actually something that we’re working on,” then great you kind of have something to work off of. But if they’re like, “Oh yeah, we tried that. It was terrible. Totally failed,” then you know that you kind of need to pivot. Getting that research in ahead of time is really, really critical.

When we’re talking about public companies, they tend to be a little bit easier to research than private companies. But just two of my favorite ways to kind of understand where things are going at a high level for those companies are one to listen to their earnings calls.

Every publicly traded company out there, every quarter they have an earnings call and they’ll share it publicly. If you just type in the company name and investor relations on Google, that page should pop up and they should have the most recent webcast.

Basically what they do is – the calls are typically about anywhere from 30 minutes to an hour long. If you’re pressed for time you can kind of find the MP3, and download it and then speed it up in iTunes, 2x, and save yourself some minutes.

But basically what they talk about is – it’s their presentation to the shareholders as to why the company is in the current state that it is and what they’re doing to make it better. If there’s a challenge, they’re going to address it. If there’s a win, they’re going to call it out. Then they’re going to talk about the future, “What are we doing to capitalize on the momentum of the win? How are we thinking about addressing or fixing the challenge that we saw, which caused numbers to drop?”

That’s a great way to get a high level overview of what happened recently and what the company is driving towards in the future. Then I like to go to a site called SeekingAlpha.com, which is basically-

Pete Mockaitis
Oh yeah.

Austin Belcak
Yeah, it’s a financial blog, where all these analysts kind of come together and they write pieces on different companies. You can go in and you can punch in the stock ticker for a company. There’s two columns. There’s a news column, which is basically your objective stuff like the “Dow dropped 460 points today,” “This stock was impacted X amount,” very objective.

But on the other side there’s analysis, which is where those analysts come in and they basically give their opinion. It’s really helpful because you can pretty much find five different angles on the same topic.

Somebody will tell you why Facebook’s handling of private data is going to be the demise of their company. Then the next article is how some guy is talking about Facebook’s handing of private data is going to help them learn and help all of us learn and it’s going to cause their stock to skyrocket in the future.

Regardless of which position you agree with, you get a sense of all the different angles that you could potentially approach this subject from. That is going to give you a lot of ammunition to have these conversations, but also come up with unique ways to add value.

I was just talking to one of the people that I coach. He was looking for a job at Apple. He couldn’t think of a way to add value. We went on the site and the third article down was Here’s Six Things Apple Isn’t Doing Right Now That Could be Making Them Millions of Dollars. They literally listed out six things and they had specific arguments for their ideas. We grabbed a couple of them and we threw them in the deck and put his spin on them and leveraged that as our value-add project.

Pete Mockaitis
That’s interesting when you say throw them in the deck and value add project, can we talk about when in the course of this relationship building do you trot that out? My hunch is it might be a little different. You say, “Hey, I’d love to chat with you about X, Y, Z.” They go, “Oh yeah, sure. I’ve got 15 minutes to chat in two hours.” You say, “Great.” Then you’re on the phone. It’s like, “Please open up to slide three.” How do you kind of time and sequence that?

Austin Belcak
Yeah, most definitely. It actually – the best answer that I can give is that it depends on the situation. If you’re reaching out and you can’t even get anybody on the phone and you can’t even get any replies, then you may need to trot it out at that point to add enough value to get a response, to trigger a response from somebody.

But let’s say that you are getting replies, things are working well, you’re getting people to set up meetings with you, typically what I like to do is have a few meetings first. I like to as soon as I start outreach, I want to have a general idea of the type of value that I could potentially add. My hope is that the conversation that I have with this person is going to one validate my idea in some fashion. Maybe give me some pieces of the greater picture or puzzle that I can then bake into the project itself.

Then I like to have a couple of these questions, so I get all these different perspectives or a couple of these conversations. Then once I’ve had a few of those, I’m sort of in this place where I’ve talked to the first round of people and I’m teed up for the second round of people. Then I like to approach it by following up. I like to use the value validation project as a means to follow up and drive the relationship with the people I’ve had conversations with.

Let’s say Pete, I reach out to you and we had a conversation, I’m going to go back and finish my project and then I’m going to send you an email. I’m going to say, “Pete, thank you so much for taking 30 minutes to chat with me last week. I really enjoyed our conversation, especially the piece around this challenge that you’re having about getting more new customers.

I’ve actually done some thinking about it and I’ve put together a few ideas around how I think you guys could leverage your existing audience to drive more customers through referrals. I’ve attached that here. Would love to get your thoughts. Email is fine, but if you time for another call, great.” Then I’ll email that off to them.

Basically what that does is one it allows me to follow up the first time. It provides value that showcases my skills, my experience, what I bring to the table, but it also opens up the door for a second follow up because if that person doesn’t reply, I can email them again and say, “Hey, did you get what I sent?”

But if they do reply then the conversation is going. Now maybe they give me feedback over email and now we’re going back and forth. They’re getting more invested in me with each email and with each suggestion or better yet we get on the phone and we build more of that personal rapport. We’re talking instead of typing. Maybe it’s even face-to-face in person. But we’re kind of building that relationship and I’m adding value that directly relates to that person’s team, that person’s company, a role that’s open.

That’s typically when I like to trot it out, usually about five business days or so after we had the call. Then when it comes time to interview, I usually like to bring it with me into the interview. Then we’ll have the interview as planned.

Then at the very end when the interviewer is like, “All right, thanks so much for stopping by. Is there anything else?”  I’ll usually say, “Yeah, there’s one more thing. I talked to a few people at the company here on your team and they told me that your biggest challenge is X,” or “You have this new initiative coming up called Y and I put together some thoughts around that.”

Then I’ll slide it across the table to them and I’ll just say, “No need to look at it right now. I know you’re really busy. I appreciate the time, but if you do have a minute to look at it over the next day or two, please do. Definitely let me know if you have feedback. Thanks so much.”

Again that opens the door for you to follow up with your interviewer and a lot of people struggle with that. Following up is key to making sure that you’re staying top of mind and that they are driving the interviewing process and the hiring process on their end. Those are kind of the two times that I like to bring it out and leverage it most. I think that’s a good segue into what exactly does that project look like.

Pete Mockaitis
Yeah. This reminds me, I think Ramit Sethi calls this the briefcase technique in terms of there’s a very kind of a dramatic moment. It’s like, “What? Nobody else has ever extracted a document and handed it to me. What’s going on here? Oh,” ….

Austin Belcak
And they all use that voice too. It’s great.

Pete Mockaitis
I don’t know if they’re saying this out loud, but they’re thinking it to themselves hopefully because it’s just a huge differentiator. I guess a real key is that you in those conversations you’ve done a good job of zeroing in on, yes, this is their biggest challenge and yes, these are some ideas that might be workable.

You’re also kind of getting some useful feedback in terms of “Oh no, they really hate podcast advertising,” I don’t know. But nobody hates podcast advertising. It’s so effective and been proven many times.

Austin Belcak
Speaking of.

Pete Mockaitis
For example if they’re trying to acquire new customers and you’ve got these ideas and you’re having conversations and they say, “Oh no, they are totally against this,” because, I don’t know, it’s not measurable, it’s very visual, whatever their excuse is. Okay, now you know, so you’ve something that is sort of new and distinctive and feels innovative, like you’re smart, but also not just sort of way crazy out there or disgusting to them for whatever reasons or bias they have against them.

You’ve sort of fine-tuned something that’s pretty excellent by the time you’re in the interview. That’s cool and it’s exciting. I imagine just about nobody does this because it’s too much effort and they don’t want to risk it when there’s no guarantee, but on the flip side if you think about the time you spend blasting applications to hundreds or thousands of opportunities, it’s probably more time effective than the alternative.

Austin Belcak
Most definitely. I’m actually going back a few minutes here. I’m really glad you brought up Ramit because that’s actually where this idea kind of came from. I watched that briefcase technique video.

One of the ways that I built the experience to be able to even be considered for some of these roles at Microsoft and Google was starting up my own freelance consulting firm for digital marketing. The briefcase technique was something that I used to land clients. When I started applying for some of these jobs, I thought why not do something similar for these companies. That’s exactly what it was born out of.

But I’m also really glad that you brought up the point of it taking a lot of effort. Two objections that I typically get are that it takes a lot of effort and what if a company just takes my work and runs with it. I totally understand where people are coming from with both of those. But first for the ‘it takes a lot of work’ piece, it definitely does. But to your point, how much work are you spending applying online every day and is that making you happy? Also is it bettering you?

Pete Mockaitis
Exactly. You’re learning a ton as you do this. Maybe it’s not applicable for Microsoft, but hey, Adobe is doing similar stuff.

Austin Belcak
Absolutely. It even goes beyond that. There aren’t too many transferable skills from applying online, but if you train your brain to get into this mode of consuming information with a lens of identifying problems and coming up with solutions quickly, that’s a pretty valuable skill to have anywhere in your career, whether you’re job searching, whether you’re trying to increase revenue or drive against goals that your boss gave you or come up with ideas to make a case for a promotion or a raise or starting your own company or business in pitching people.

No matter what you’re doing business-wise having a mindset of knowing where to find the right information, knowing how to tease out problems, that’s really, really valuable. This is kind of the first step there.

It definitely does take work, but you’re going to be that much better for it as a professional and as a person. That’s something I’ve seen direct benefits from even starting the business here and within my career at Microsoft.

Then the second objection is always what if the company steals my work and runs with it. I get what people are saying. There’s something that I’ve heard from a lot of people who advocate for the traditional job search and traditional business practices, which is basically if you’re good at something you should never do it for free.

I think that that’s changed in our world today because it’s so competitive. Whether you’re starting a business or searching for a job, there’s so much competition out there. If you’re willing to go the extra mile, a lot of people are still abiding by that methodology of not giving anything away for free and they’re the ones who are going to lose out.

If you really think about it, sure, you’re putting in a lot of time, but how much is a new job worth? When I got my job at Microsoft, I got a $60,000 raise. That’s by no means the norm, but the job before that I got a $20,000 raise, so let’s call that closer to even.

I think I spent probably maybe 20 hours coming with a value validation project for them and doing some research and putting it all together and then presenting it. If I think about it from that lens, I basically got paid 1,000 bucks an hour to come up with that project. I’ll take that hourly rate any day.

Pete Mockaitis
Oh sure.

Austin Belcak
That’s awesome. When people are worried about putting in the work and also companies stealing their work, I think you need to think of it more as the long-term strategy, a long-term investment. if a company is going to steal your ideas and just run with it, that’s a great litmus test for whether or not that’s a company you want to work for.

Pete Mockaitis
And if they steal your idea and you learn about that in the future, that goes on your resume.

Austin Belcak
Yes. Yeah, absolutely.

Pete Mockaitis
….

Austin Belcak
You have the proof. You can show when they executed it and when you came up with it and sent it to them.

Pete Mockaitis
That goes on your resume. They did almost all the work.

Austin Belcak
Yeah, I love it.

Pete Mockaitis
You did 20 hours’ worth. They did 3,000 hours’ worth.

Austin Belcak
Yeah, yeah. That’s awesome. That’s basically, it’s a short-sighted business strategy. All the great companies that I know, they want to invest in people who are going to bring great ideas to the table every day and they’re going to constantly be innovating and thinking of new ways to solve problems and be willing to roll up their sleeves.

On top of that, if I have an idea and I give you the framework, you’re probably not going to execute it the same way that I had in mind, whether or not it’s better or worse is up in the air. But if I’m a company I want to – I don’t want to just take this one idea.

I want to invest in the person who is willing to roll up their sleeves and work hard enough without even being employed at my company to come up with an idea like this because I know that once I bring them into the fold and give them all the inside information and the resources and all of that, they’re going to 10x those ideas and they’re going to be so, so impactful to the business.

If a company does steal your ideas, to me that’s a company that I don’t want to work for. Imagine what happens when they’re paying you and now that your manager is stealing all of your ideas the same way that they did when you applied for the job. That’s just a situation that you don’t want to be in. The great companies out there recognize that the person who is coming up with the ideas is far more valuable than the specific idea itself.

Then finally on that topic, how badly do you want the job? If you’re worried about a company stealing your project, just think about what you’re doing now. Is it working? Because if it’s not, if you’re applying online, if you’re trying to network and you’re doing this stuff and it’s just not working, you need to try something else.

If you’re so worried about a company stealing your project, but what you’re doing right now isn’t working, something has to give one way or the other. I’d much rather put in some time bettering myself, like honing my analytical thinking, my problem solving skills to come up with this idea that even if the company takes it and runs with it, like you said Pete, you can take the credit for it, you can put it on your resume, but you can also take that knowledge and the skills that you learned from going through that process and you can move on to the next company.

That’s how I typically handle both of those objections with people. But I’m happy to also give examples of specific projects that people have put together if you think that would be helpful.

Pete Mockaitis
Oh yeah, let’s hear examples of the projects and sort of the deliverable. It sounds like you’re working with PowerPoint slides and kind of what makes it great? Is there kind of a rough range of slides and what is the stuff that really makes you seem brilliant as opposed to like, “Yeah, okay. You Googled something. I’m not impressed.”

Austin Belcak
Absolutely. Right off the bat, I’d say that this is all about getting creative and focusing in on two things. One, what is valuable to the company, so what do they care about. Then also, what medium will help you best get that value across.

I mentioned PowerPoint decks because that’s what was easiest for me and that’s what was natural for me. But I know there are a lot of people out there who are into video or maybe they’re developers and they know how to code things and build things.

There’s so many different mediums that you can get the value across with that anything that you can do to stand out is great and anything you feel comfortable with is also great. A lot of people aren’t writers out there, but maybe they’re videographers. A video is great. But if you are more of a writer than a videographer, a blog post is great. Again, whatever you feel comfortable with.

Just to give a few examples. There are a couple that I really like. The first one is from a student named Cam. She was at Northeastern and she wanted a job at Airbnb. She had applied online and didn’t hear anything. She reached out to a bunch of the people who worked there. She also didn’t hear anything from her outreach.

We got to talking and I was like, “What do you want to do? Do you want to try and come up with something else? Do you want to move on?” She said, “I haven’t done everything I could possibly do to get my foot in the door here.”

She went out and she actually combed through social media to find pain points that real Airbnb customers had about the business. She screenshotted the pain points that people had. She consolidated them and she kind of analyzed them to find two that really stood out.

Those two were the lack of a keyword filter. Basically if I wanted to rent an apartment in Chicago for the night that had a hot tub and I could look right down into Wrigley, I don’t think that’s possible, but regardless, if I wanted that, I wouldn’t be able to search for that specifically. I would basically have to search for listings in Wrigleyville and then click on each individual one and see if it had a hot tub and a view.

That’s not a great user experience because it requires a lot of effort on the user’s end. Naturally people were upset about that. The second piece was getting in touch with their customer service. Apparently, Airbnb’s customer service is like notoriously bad. Cam came up with ideas for both of those.

For the first, she went out and she found people and she asked them to go through this task of finding listings with specific criteria and asked them for their feedback and how they would improve it. She took all of their feedback and the recommendations and she mocked it up into an actual flow of what it would like within Airbnb’s app. That was one solution.

Then the second was she went out and did a bunch of research on the benefits of live chat, so basically having a little widget on your site that would allow people to interact with the site immediately and get the help they need immediately without a huge cost or overhead to Airbnb itself.

Basically she went out and she found all these benefits that showed that having live chat increased customer retention and increased satisfaction, increased revenue, all these metrics that any company wants to continue to improve.

What she did was she put together a deck, where she basically teed up the – she had screenshots from all these people on social media complaining about the thing. Then she went through and talked about the methodology of how she got the results. Then she showcased the solution.

That was about an eight-slide deck. It wasn’t anything crazy. It wasn’t professionally designed or anything. Anybody listening to this could have put it together. But then she sent it out to the same contact that she had reached out to before and she got a reply the next day. She was in their office for an interview the next week. That’s a great, great example.

Pete Mockaitis
But did she get the job Austin? We’ve got to get closure.

Austin Belcak
She did. She did. Absolutely.

Pete Mockaitis
Hooray.

Austin Belcak
Yes, yes, yes. Of course, of course. I mean how could you not hire somebody who was doing that? Then that’s the whole point.

She went out and she found this tangible problem. She wasn’t like, “Hey, I think that your customers are having this issue.” She said, “Your customers are having this issue. Here’s how you fix it. I’m the person who has these kinds of ideas and will help you execute on that.”

Of course, they’re not – who’s going to hire somebody who’s just coming up with a resume and a cover letter, black and white ink, all of that, over somebody who went out and did marketplace research, customer research, and came up with actual tangible value for the company? That’s the type of thing that we’re talking about.

Just to give one more example that’s a very different end of the spectrum. There’s a guy named Tristan who he wanted job at Foursquare. This is about six – seven years ago when Foursquare was really booming. They were releasing an ad product. They had all these advertisers currently on the platform. They were looking to grow.

Tristan saw that they had an opening on their sales team and he really wanted it. Instead of just applying online, he went out and he basically mapped – he made a map of all the companies that were currently advertising on Foursquare. Then he went out and created a list of companies that were sort of lookalike, who matched the same criteria. Then he went and started reaching out to them. He generated about ten leads.

He got in touch with people, had conversations, positioned himself as a supporter of Foursquare. Then he sent an email to the CEO of Foursquare. He said, “Hey, you guys have an opening on your sales team. I’m really, really interested in it. I didn’t apply online. I didn’t do anything else, but I have ten people at companies who are ready to advertise with you today. I’m happy to give you their names and I’m happy to put you in touch with them. When can we meet?”

The CEO replied to him. They onboarded those ten companies. Tristan got hired not just as a regular salesperson, but actually as the director of sales.

Austin Belcak
Yeah. That’s another great example of thinking outside the box. He could have easily said – somebody who’s able to convince ten people to try a product for a company they don’t even work for has a good track record in sales ahead of time.

He could have easily said on his resume, “Over attainer, averaging 150% quota at my company,” but then he’d sound like exactly every other salesperson applying for the job. But by actually going out there and sourcing leads, which is exactly what they’re hiring this person to do and then bringing them to the CEO, again, same story as Cam from Airbnb. Why would they hire anybody else because they know that this person can do exactly what they’re asking for?

Pete Mockaitis
I like that because when we talk about value, which can be a nebulous word at times, it’s so precise in terms of okay, these are real companies, who are quite likely to give us real money real soon. That’s great.

Then that also gets you thinking in terms of the value you’re creating doesn’t just have to be thoughts, ideas, input from users or customers, but it could be real precise in terms of generating revenue like, “These are leads we might buy from you right now,” or slashing cost in terms of providing actual vendors.

It’s like, “I’ve spoken with three people who have experience in automating manufacturing packaging lines and can totally handle doing box-dried macaroni,” I’m just inventing a totally new example, “and are happy to chat.”

If you’ve already validated that “Yes, sure enough they’re looking to slash manufacturing cost and there’s a lot of waste showing up in packaging. It’s very manual to figure out where the problems are coming from and how to address them,” then that could really resonate. Then it’s like, “Wow, we’ve never heard of these companies before and we should,” or, “Yeah, we’ve talked to one of them but haven’t heard of the other two. You’re bringing in new stuff that we hadn’t even considered.”

You can only be perceived positively unless you did a really shoddy job in terms of “This isn’t a real problem that we’re worried abbot. This thing that you’re proposing is completely farfetched and unworkable.” Assuming that you’ve got a reasonable quality, it’s huge in terms of showing what you can do.

Austin Belcak
Yup, absolutely. That’s basically the overarching strategy there. The best way that people can get started is to just start reaching out to people who are in a position to help them get hired. I know that that can be somewhat of a daunting task for people who have never reached out cold before. I have plenty of resources on my site to help people with that. I have templates of scripts and all that.

But the best thing that I can recommend is just start with one person per day. You can even do one person a weekday, so just five emails a week. Just find somebody on LinkedIn. You can look up their professional email using a tool like Hunter.io or VoilaNorbert, V-O-I-L-ANorbert.

You get their email, you just shoot them a note and you say, “Hey, I’m really impressed with your experience and I’d love to learn more about how you were able to achieve and accomplish all the things that you have in your career. Can we talk more about it?” Definitely probably go into a little more detail and personalization than that, but something along those lines.

Just start sending one email a day and I promise you, you will get responses. When you start getting responses and you start having these conversations, everything else is going to kind of fall into place. That’s the best next step that I can recommend. Yeah, Pete, I really, really appreciate the opportunity and you having me on here.

Pete Mockaitis
Oh yeah, this was fun, definitely. Well, now could you share with us a favorite quote, something you find inspiring?

Austin Belcak
Yes. It’s not necessarily job search related, but it could be. But for me something that’s resonated and I’ve been trying to focus on is that “Comparison is the thief of joy.” I think that is a Teddy Roosevelt quote.

I don’t know if you’ve run into this building your business, but it’s very easy to go on LinkedIn or somebody else’s blog and be like, “Man, they have so many more visitors than I do,” or “so many more likes and they’re doing so much better. That’s something that I really struggle with personally. I have that quote written up on our chalkboard in our kitchen here. I’m trying my best to kind of abide by it every day and just focus on me.

Pete Mockaitis
How about a favorite study or experiment or bit of research?

Austin Belcak
Oh, I can relate this one to the job search. Interviews are very fascinating environments for me because I am a big psychology fan. One of the things that I always recommend to people – I have two. I don’t know if we have time.

But the first one I’d recommend is basically in a series of events, people are most likely to remember the first thing, the first event and the last event.

When we think about that in the context of interviews, interviews all sort of follow the same progression. There’s the intro and the small talk kind of before you sit down at the table. Then you dive into the questions. There’s some soft balls. Then maybe you get into behavioral, maybe technical, case study questions. Then towards the end of the interview, the interviewer asks you if you have any questions for them.

[51:00]

For the majority of interviewers out there, a lot of the answers are to the middle section are going to be the same. “Tell me about a time you failed. Tell me about your greatest weakness. Tell me about a time you succeeded,” all that stuff. The answers are all going to be sort of in the same ball park. But if we think about that principle where people remember the first and last event in the series, those happen to be the two events in the interview that we actually have the most control over.

You can drive the small talk at the beginning of an interview. If you do some research on your interviewer, you looked them up on Google, you looked them up on LinkedIn, maybe you find their Facebook profile, they have Twitter feed, and you try and find some piece of information that you can bring up at the beginning of the conversation that sort of sparks more personal talks so the formal barrier comes down.

That’s a great way to start the interview and that’s something that they’re going to be likely to remember.

Then at the very end if you can ask great questions. I also have an article on my site about – I just have a set of five questions. I know a lot of the articles I read give you like a million questions out there and tell you they’re all great, but I did a bunch of research using a lot of those questions and these are the five that I found to be the most effective.

But if you ask a great question that kind of incite a conversation and are a little bit on the unique side versus what everybody else might be asking, that’s also going to be very, very memorable. Doing both of these things will typically open up or give you some ammunition for a follow up.

Maybe that personal conversation – maybe this person tells you, “Hey, I’m getting married. I’m going on my honeymoon,” or “We had this vacation planned,” or “Hey, I just started brewing my own craft beer,” or “meditating,” or whatever. All of that is great ammunition for you to then go and follow up.

Ask them “What beers have you brewed? Where can I find a recipe?” “I love that book that you mentioned. Who’s the author again?” Then you can say – you can send them a follow up and say, “I read the book. My favorite point was X, Y, and Z. I totally understand why you said X about it.” It really opens the door to continue the conversation and continue building the relationship.

But that is a long-winded answer to your question, Pete.

Pete Mockaitis
That’s a good one. Certainly. How about a favorite book?

Austin Belcak
That’s a good one. I think my favorite book is probably recently probably The Power of Habit. That’s one that my wife and I both love. I think habits are so critical to success in any capacity. They really drive – once you read that book you realize just how much habits drive most of your life. If you can build the right ones, you’re definitely going to set yourself up for success.

Pete Mockaitis
And a favorite tool?

Austin Belcak
My favorite tool would probably have to be one of the ones I mentioned before, which would be Hunter.io or VoilaNorbert.

Pete Mockaitis
It’s really amazing ….

Austin Belcak
Yeah, they were a total game changer to me. But since I already mentioned them, for people wondering what they are, they basically allow you to look up anyone’s professional email address.

[54:00]

A related tool that should go hand-in-hand and I recommend to all my job seekers is it’s called Yesware, Y-E-S-W-A-R-E. It’s essentially an email tracker. This is a little bit creepy to be transparent, but it will allow you to basically see the activity on all the emails you sent.

You can when people open your email, how many times, how often, where, when, and if they engage with it. If there’s a link in it, it will tell you if they clicked on the link. It will tell you what device they opened it on. It’s pretty wild.

But the reason it’s so helpful is because when you’re reaching out cold to a lot of these people, you need to understand that a random email from a total stranger is probably low on their priority list no matter how badly they want to help you. Just because you don’t get a response, doesn’t mean that the person doesn’t want to help you or isn’t interested.

I gauge interest using email tracker. If somebody opens my email multiple times, then to me that is indicative that they’re thinking about it, they’re interested in it, they’re just very, very busy. I’m going to follow up five business days later. If they only open it once or they don’t open at all, then that means it’s time to move on to the next person.

Pairing using Hunter to find people’s emails and then using email tracker to gauge the engagement on their end, those are two of the most powerful tools you can use for finding strangers and reaching out to them and starting to build a relationship.

Pete Mockaitis
How about a favorite habit?

Austin Belcak
I think my favorite habit, which I haven’t done enough of recently is getting up early and working out. It doesn’t have to be – one of the things that – I’m pretty much an all or nothing type of person. I’m either completely bought into something and probably investing too much time and energy into it or I’m not doing it at all.

Something that I realized recently was that even just going and running on the treadmill for ten minutes makes a huge difference in my ability to focus and manage my emotions for the rest of the day.

Then also getting up early. A lot of people ask me how I run my business while having a full time job and getting up at 5:00 in the morning, 5:30 in the morning, working out and then coming back, I still have two hours before work to write some blog posts or do some outreach or whatever it is that I need to do. I think both of those combined are probably the thing that’s had the biggest impact on my life recently.

Pete Mockaitis
If folks want to learn more or get in touch, where would you point them?

Austin Belcak
Definitely. I always leave with anybody is welcome to reach out and email me. I can’t be the person to tell you to cold email strangers and then not be the guy replies. My email is Austin@CultivatedCulture.com.

[57:00]

Then if people want to take the next step kind of and dive into some deeper material, if people listening go to CultivatedCulture.com/Awesome, there are two resources there. First, I keep a lot of data on the strategies that I recommend to people. I don’t recommend anything that I haven’t tested out myself or with the audience. I consolidated the five most effective strategies that I found from coaching thousands of people for the last few years. Those are available there.

Then I also have a course that I call Resume Revamp. It’s my approach to writing an effective resume. Hundreds and hundreds of people have used it to transform their resume and land jobs at the places we mentioned before, Google, Facebook, Microsoft, etcetera. Again, that’s CultivatedCulture.com/Awesome. Yes, please feel free to reach out to me if you guys have any questions at all.

Pete Mockaitis
Perfect. Well, Austin, this has been a lot of fun. Thanks for doing what you’re doing and keep it up.

Austin Belcak
Thank you, Pete, likewise. I’m a huge fan of the podcast. For everybody listening, if you haven’t already, please go and leave a review for Pete because those are a big deal.

Pete Mockaitis
Oh thanks.

Austin Belcak
No problem.

386: How to Earn More, Spend Less, and Build Wealth with Mindy Jensen

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Mindy Jensen says: "A very small amount of work will yield so many results because you're so much better than your peers."

Podcaster and real estate investor Mindy Jensen shares strategies for building wealth.

You’ll Learn:

  1. The number one tip for earning more at your job
  2. The power of tracking your spending
  3. Tips for optimizing big expenses

About Mindy

Mindy Jensen is the Community Manager for BiggerPockets.com, and the co-host of BiggerPockets Money, a podcast for anyone who has money or wants to have more.

Items Mentioned in this Show:

Mindy Jensen Interview Transcript

Pete Mockaitis
Mindy, thanks so much for joining us here on the How to be Awesome at Your Job podcast.

Mindy Jensen
Pete, thank you for asking me to be on How to be Awesome at Your Job podcast. I’m super excited.

Pete Mockaitis
Oh, well me too. It was so fun to meet you at Podcast Movement. I’ve been a Bigger Pockets fan for a while. It was a bit of a celebrity sighting, like, “ooh!”

Mindy Jensen
Well, I am glad we could get together.

Pete Mockaitis
Me too, me too. I have huge thanks and appreciation for what you’ve done in my world of accumulating money and wealth in terms of did my first house hack, is a term I learned from you guys, which refers to buying a multi-unit property and renting out some units and living in one of them. It’s awesome to have tenants pay your mortgage for you. It’s a treat.

Mindy Jensen
You know what, who wants to pay their own mortgage when somebody else can pay it for you? If anybody wants to pay my mortgage, feel free.

Pete Mockaitis
That’s an open invitation. Well, I want to go back into time a little bit and hear a fun story about you took a distance bike ride from Seattle to DC. What’s the story here?

Mindy Jensen
I used to work at a gym and I was flipping through some magazine and on the back cover was this advertisement that had a picture of the United States and it had a drawing from Seattle to DC. It said some people would do this on an airplane. Then I started reading and I’m like, “Well, yeah, how else would you get from Seattle to DC?” I’m looking and I’m like “This is a bike ride? That sounds awesome.”

I did a little more research. It was a fundraiser for the American Lung Association. And I just thought, “I’m young, I’m not married, I don’t have any kids. This would be a super fun thing for me to do.” I called them up and they said, “Oh, that ride started yesterday, but we have another one next year.” I’m like, “Okay, good because I’m not in any sort of shape to actually be doing a cross country bike ride.”

I mean I didn’t spend a lot of time getting in shape before the next year. I just hopped on my bike and did it. Not the recommended route. But it was an amazing experience to be – I didn’t really have anything to do all day long except get to the next camp. I met a ton of really great people. I raised a lot of money for the American Lung Association. It was a really great experience. I’m super glad I did it.

Pete Mockaitis
Cool. That’s great. Was there a big old group of you all? How many were making the trek?

Mindy Jensen
I think there were 140 of us that year.

Pete Mockaitis
That’s awesome. So there was like support vans and camping and that?

Mindy Jensen
Yes. There were support vans. There was breakfast provided and dinner provided. Then everything else was – like, souvenirs and drinks and everything else was on your own.

Pete Mockaitis
Very cool, very cool. Well, kudos for that achievement and discipline and advance planning and some of those topics and themes come up on Bigger Pockets. Could you orient listeners who are not familiar with Bigger Pockets? What’s it all about?

Mindy Jensen
Bigger Pockets is a website where basically you can learn how to invest in real estate. There’s a right way and there’s a thousand wrong ways to do it. If you do it the right way, you can most likely make money, definitely not break any laws.

You really don’t know what you don’t know. Something might sound really easy and then you start diving into it, you’re like, “Oh, I didn’t think of that. I didn’t think of that.” Our site exists to help you think of that and think of that. We have a blog and a forum and now two podcasts, the real estate investing podcast and the money podcast because not everybody is in a financial position to just start investing right away.

Pete Mockaitis
Yeah, that’s true. When you say financial position, I’m reminded—my wife and I, we watched all the videos on buying your first property. I believe it was Scott Trench was the man on camera. He kept saying strong financial position with hand gestures. My wife and I, we kept alluding to that. “Do we have a strong financial position?” It’s wise advice as opposed to no money down stuff, which can up your level of risk.

Mindy Jensen
It can. Although, we do have a book called How to Invest with Low and No Money Down. No money down means none of your own money down, not no money down. Nobody’s going to give you a house without anything in it, except – actually there’s two.

If you can qualify for a USDA loan, which is more for a rural area or a VA loan if you are a veteran. Those are the only two loan programs that I know of that come with 0% down. But for the most part, you should have money to put into the property or at least have a cushion in case something goes wrong.

Pete Mockaitis
That is good. We ended up going with a Freddie Mac Home Possible program in a neighborhood that I guess they thought they wanted to encourage people to invest and move into from the last census track, but I’m sure when they update the census track it will probably no longer qualify. It was good timing.

Mindy Jensen
Yeah, that’s really good timing. They do lag – the government is the government. It is a huge slow-moving beast, so a lot of times what they think is rural, is no longer rural. I have a friend who got a USDA loan in one of the hottest areas in Northern Colorado, which is still considered technically rural, but they’ve got subdivision after subdivision popping up all over the place.

Pete Mockaitis
Oh, that’s good. Well, we’re starting to get into the tactical and that’s fine because I wanted to hear just one to orient folks. I think one cool, innovative thing that you do, which I had never even heard of is you purchase a home, you live in it for a while, while you’re renovating and then you resell it. What’s the story? How does it work?

Mindy Jensen
This is called a live in flip. I have done this eight times. I buy a house that is cosmetically ugly, but structurally sound so that I’m not moving into something that’s going to crumble around me. You’re not looking at something like a meth house or something with mold or something with significant issues.

I buy it. I move into it. It is my primary residence, so I get a lower mortgage rate because owner occupants have the lowest mortgage rates – owner occupants with the best credit have the lowest mortgage rates.

I fix it up for two years. Two is the magic number because if I sell it after two years, I pay no capital gains taxes on the increase – the difference in the value between what I bought it at and what I sold it for minus repairs. I pay no capital gains up to $500,000 because I’m married and up to $250,000 if I were single.

The house that I’m in now, I bought it for $176,000. I put roughly $100,000 into it. Currently I could put it on the market and sell it in a hot second for $500 or $525. There’s a significant amount of capital gains that I have realized in this home and I will pay no taxes on it when I sell it.

Pete Mockaitis
That is brilliant. That’s the kind of stuff that you pick up over at Bigger Pockets. I think that’s so cool. I just wanted to get that out there, so we can learn a little bit about you and sort of how you do your thing. But maybe let’s kind of get a broader perspective in terms of when we talk about financial freedom, how do you think about that and define it and what does that mean in real lived terms?

Mindy Jensen
I consider myself financially free, which to me means I don’t need to work in order to pay my bills, in order to feed my children, in order to put food on the table and have a roof over my head. I have enough money that I have saved up and invested so that I would never have to work again. That means that I can choose to work in a passion project, in a thing that doesn’t make me much money because the money is now out of the equation and now I can just do what I love.

Pete Mockaitis
That’s cool. What are you doing then?

Mindy Jensen
Well, I work at Bigger Pockets. I talk about real estate all day long. You alluded earlier, we’re kind of getting into the weeds, please reign me in because I can literally talk about this all day. And I do, that’s my job. I really love doing that. While I am well compensated, I could work there for free, just don’t tell my boss.

Pete Mockaitis
Yeah, that’s really cool. You hear that sort of enthusiasm for real estate on the podcast in terms of folks that they just eat, sleep, breathe and live it and love it.

Mindy Jensen
Yeah. I think that real estate is a really great investment. There’s a quote – I can’t remember who said it, “Buy land, they’re not making any more of it.” Real estate is – it’s not a totally finite amount or what am I trying to say here? Real estate isn’t a finite – there isn’t a finite amount of real estate in the world, but it’s still almost always rising in price.

Pete Mockaitis
That’s right and we have population growing. That’s another reason I’m a fan of farmland as investments go because we continue to eat year after year and there are more people doing it.

Mindy Jensen
That is absolutely true. Farmland is not something I really know all that much about.

Pete Mockaitis
Anyway, so we talked about the two-year strategy, the house hacking. I’d love to get your take both on the earning more and the saving more sides of things. You’ve learned a ton from your work and your research and your enthusiasm and reading and talking to people. What have you discovered to be some of the most effective approaches, we’ll start with earning more, that you think would be applicable for professionals working in a job right now?

Mindy Jensen
You want to make yourself invaluable. You want to be the go-to person for fill in the blank. Whatever it is, you want your boss to think, “Oh, I’ve got a project. I’m going to give it to Pete because I know Pete’s going to do it. He’s not going to give me excuses. He’s not going to be late.”

There’s kind of a shortage of people who do a good job. There’s a lot of people who do an average job, who do a mediocre job. There’s no shortage of people who do a bad job. But the people who are really, really awesome at their jobs, that’s not all that common. If you can stand out, you can be so much more valuable.

Then when you are invaluable to your boss, you go in and you ask for a raise. This is something that so many people struggle with. They don’t want to ask for a raise. What’s the worst that can happen? Is your boss going to fire you because you asked for a raise? He’s not the right person to work – he or she – sorry, I don’t want to be sexist – isn’t the right person to work for anyway.

If you go in and you have solid data to back up why you deserve this raise and what you’ve done in the past year, in the past six months, how your job has changed or whatever, the worst that can happen is they say no or they no not right now. If they say not right now, ask them when. But I think so many people leave so much money on the table simply because they don’t ask for a raise.

Pete Mockaitis
I like a lot of what you’re saying here and to dig into some more. But that point about it’s kind of rare that people are awesome at their jobs, I second that. In doing the research for, “Hm, would anyone listen to this podcast?” I collected three different survey tools, which is pretty cool, and I got a sense that between 4 and 18% of people in the US were highly interested in listening to a podcast that would help them be awesome at their jobs.

It’s funny because sometimes I have guests who say, “Who wouldn’t want to be awesome at their jobs?” It’s like, well, it’s kind of the majority. We are a minority, so thank you listeners. It’s great to have you and be in a cool kids club.

And I was chatting with my buddy, Carl. Carl, he was working for actually it was a mortgage company. Carl was getting promoted quickly. I was like, “Carl, what’s your trick. What are you doing?” He just said, “I’m doing my job. I’m supposed to follow up on these leads so that’s sort of what I do all day. Then other people they do that for maybe half of the day.”

The other half they’re kind of – well they’re sort of chilling out in whatever way with chitchatting with people or Facebook or their phones or sort of whatever distractions enter their world. Yeah, awesomeness is rare and valuable and can get you paid.

I want to hear a little bit about the data point. What are some of your favorite resources or kind of pieces of information and numbers you would point to when you’re armed to have that ‘please give me a raise’ conversation well?

Mindy Jensen
This isn’t a conversation you can plan for in five minutes. If you are going to ask for a raise, you need to plan that out because you want to start keeping track of what you’re doing every day. I’ve got a couple stories. I don’t want to get too far into the weeds.

But I had a friend whose boss came up to her one day and said, “I don’t think you’re doing what you say you’re doing.” She went home that day and called me up and she got all mad. She’s like, “I can’t believe she would ask me this.” A couple of month later she got fired because her boss kind of gave her a head up, “Look, I think you’re not doing what you say you’re doing,” and she never proved her boss wrong.

At almost the exact same time, my husband’s boss said the same thing to him, but my husband’s boss said this because my husband was working – living in Colorado, the boss was in Chicago. He was working from home. My husband started keeping track of absolutely everything he did every single day. He turned it in every week to his boss. His boss didn’t ask him to do this. He just did this on his own.

After 18 months – he worked for the government, so it’s kind of a long, drawn out process – but after 18 months, the boss came to him and he said, “You don’t need to send me these anymore. I totally believe you’re doing what you say you’re doing.”

Your boss gives you money in exchange for the job. You should be keeping track daily or weekly what you’re doing. Your boss doesn’t want to see a list of 365 days’ worth of stuff you did, but you can kind of keep track every day. “Oh, today I did this. Today I did that. I worked on this project,” so when it comes time to ask your boss for a raise, you can show them your log.

They’re not going to read it. They’re just going to like, “Holy cow, I can’t believe you did this.” Then show them some bullet points. “I got that big contract that you were looking for,” “I increased my sales by this,” “I did that,” or whatever it is. Having proof that you did it goes a long way to getting the raise.

Your boss is going to see how dedicated you are to the job just by showing him all the things that you have – all the things you’ve been doing. Another place to start looking is Glassdoor. It’s a good place to get a comparison of what people in your area are making for doing the same job that you do.

Pete Mockaitis
Right.

Mindy Jensen
If you’re making $50,000 and everybody else in your area is making 55, you can ask for 60. I would always overshoot. Ask for 60 and say, “Look, everybody is making this, but here’s all the things that I’ve been doing and here’s why I deserve it.” Just going in and asking for a raise is not necessarily going to get you anything.

Pete Mockaitis
I like that a lot. That practice associated with keeping track of what you’re doing I think would be so helpful on numerous dimensions. So many guests have said sort of their top habit for being awesome at their job is just having a simple list of okay, these are the one, two, three, limited number of things I’m going to do today, so they have that focus before emails or distractions sort of suck them into other agendas.

That practice one, gets you focused day by day and two, let’s you capture those bullets of achievement, whether that goes into a resume when it’s time to update it or for the annual review. You just have that ready to go and repurpose any which way to serve your needs.

Mindy Jensen
Yeah. I have one more quote that I’m going to butcher. It’s from George Carlin. Obviously he’s a comedian. He says, “Think of how stupid the average person is and realize that half of them are stupider than that.” Take out stupid and replace it with lazy. Think of how lazy the average worker is and realize that half of them are lazier than that. A very small amount of work will yield so many results just because you’re so much better than your peers.

Pete Mockaitis
Well, nice perspectives on the earning side. Any other favorite approaches you’d like to mention?

Mindy Jensen
No. There’s side hustles. If there’s no way to make more money at your current job, a side hustle is a great way to bring in extra income without committing to a totally second job. There’s – that, the sky’s the limit. What are your passions? What are you excited about? What do you want to do? Some side hustles pay more than others. Some are not so exciting. It depends.

I really think that at your main job, you’re most likely leaving a lot of money on the table simply by not asking for a raise, a specific dollar amount. “I’m making 50. I want to make 60, so I’m going to ask for 65. They win by giving me 61 and then I win because I only wanted 60,” or however that works.

Pete Mockaitis
Oh perfect. Let’s talk about the savings side of the equation. What are some of your favorite approaches there?

Mindy Jensen
My absolute favorite approach to saving money is to know where your money is going. You can’t know where to cut back, if you don’t know where it’s going right now. I used to say that your step number one is to check your spending, but really your number one step to having money should be to write down what your life goals are. What are your goals with money? What do you want to do with what you have?

After you’ve written that out, thought about what you really, really want, then start tracking your spending. You will be probably surprised at how you’re spending that you haven’t been tracking doesn’t really align with your goals. It might a little bit, but there’s always room for improvement.

One of the easiest ways to track spending is my friends over at WafflesOnWednesdays.com wrote up this amazing article. It is called How to Make Your Own Mobile Expense Tracking App in 30 Minutes. It’s free. They give you step-by-step instructions on basically how to take a Google form and create it to – customize it to your spending needs and put it on your phone. Every time you spend a dime, you track it in the spender – in the tracking app.

And what you will discover is “I do this too many times a month. I want to cut that back,” or “Wow, I didn’t know that about my spending. I’m glad I had this look at what’s going on.”

The first time I tracked my spending, I discovered that I went to the grocery store literally every single day. I was just picking up one thing. I was just picking up one other thing. When you go to the grocery store, you don’t just buy one thing. You buy one thing plus two others. But if you do that every day, that adds up to so much money spent. I was just going in, “Oh, I could use this or I could use that.”

It was between my house and the gym. I would go to the gym every morning, so I would just stop by on the way home. Once I started tracking my spending, I realized that’s not really what I want to be doing is throwing all of my money at the grocery store. I cut that back and my spending was cut – I’m not sure exactly how much I cut out of my spending, but it was significant and it was noticeable the next month.

Pete Mockaitis
I’d also love to get your take – so that mobile tracking app, that’s very clever. I’ve made something like that once to track my energy levels to sort of see, “Hm, are there some patterns associated with when I should do creative work versus focused detailed work.” That’s been very helpful. And so zippy, just push a button on the phone and boom, there’s a Google form and five seconds later you’ve got the data collected.

But for the lazy listener, who will say, “Mindy, can’t I just see what I’ve got on Mint.com. Won’t that sort of transaction log be sufficient for me when I use my credit cards?”

Mindy Jensen
You can if you like. When we first started tracking our spending, we had a spiral notebook with a pen and it was right by the door as I walked in, so I would see it and remember to mark down my spending. Whatever you can do to track your spending, whatever tactic works for you is the best option.

Pete Mockaitis
Very good. We mentioned Mint.com. What about, any other sort of software or solutions that are helpful for folks. We’ve got the Google form approach on your phone, we’ve got the notebook, we’ve got Mint.com. I’ve heard of YNAB, You Need a Budget. Do you know people who love that? Are there any other solutions you’d point to?

Mindy Jensen
I know people who love YNAB. I believe it has a bit of a learning curve, but I know they’ve got really great tech support that can help you through that. I haven’t personally used it, so I don’t – I can’t say that it’s great or it’s terrible or whatever. I’ve never used it.

What worked for me the most was that notebook on the counter because it was in my face as I walked in the door. Whenever I walked in, I walked in through one door, so having it there – whatever you can use to remind yourself.

Now that I have this on the phone, it’s kind of fun to have it on the phone and I don’t even leave the grocery store or the parking lot, wherever I’m at, before I track my spending just so I don’t forget it. Having it on my phone makes it really easy to – it’s in my head all the time and it’s a game. Now it’s a game, “Oh, how little can I spend?”

Pete Mockaitis
I’m also intrigued by you’re keeping this practice alive and well, though you mentioned earlier, you’ve done eight houses worth of these living in flips and you are currently at financial freedom. It kind of reminds me of Warren Buffet, who continues to live modestly and thoughtfully about his expenses even though he’s got massive wealth.

Can you give me a view into that mindset of you’ve got more than enough money and you continue these practices? Some might say that’s unnecessary, what’s your take?

Mindy Jensen
When I was doing a little bit of research for your podcast, I heard you ask people about their favorite quote. My favorite quote for decades has been from Coco Chanel. She said, “I don’t care what you think about me. I don’t think about you at all.” She’s really sassy.

But I don’t care what other people think of me. If you don’t like my car, I don’t care. If you don’t like my clothes, I don’t care. I don’t have the latest phone. I have the phone that I have figured out. I don’t want a new phone because I don’t want to have to figure it out. I’m not the biggest techie person on the planet.

I have a house that looks nice, but it’s also – it looks nice because I’m getting ready to sell it to somebody who cares what their house looks like. I don’t care that you think I live in a dump when I move from here to the next place, which will be a dump when I move in, because it doesn’t affect me  what you or what other people think of me.

I think that’s a really big part of financial freedom. I’m not trying to keep up with the Jones’s. I don’t even know who the Jones’s are. It’s just a mindset. It’s a confidence thing. I would rather spend time with my children than have the latest phone. I’ve got a really good bicycle that I’ve had for something like 17 years. It still gets me where I need to go, so why do I need a new one just because they came out with a new version of it. Does that make sense?

Pete Mockaitis
Absolutely. I think a large part of that is you’re really clear on what you want, what you value and the priority and thusly, the other stuff falls away.

Mindy Jensen
It kind of does. I buy what I want to buy and it’s because I want – I buy for quality when I’m buying something where quality means something to me. Like coffee, that’s a big one in the financial freedom world. “Oh, don’t go to Starbucks.” I don’t go to Starbucks. I don’t particularly love the taste of their coffee, but I buy good coffee and I make it at home. It’s good and I don’t care that I don’t have a green cup in my hand or I don’t have the red holiday cup or whatever they’re doing now.

Pete Mockaitis
When you talked about buying for quality, that reminds me of the book, The Millionaire Next Door, which is so great and full of research.

They mentioned that the average price of shoes for millionaires, like what do they spend on their dress shoes, I will not remember the number and it probably needs to be adjusted for inflation, but it was something like 200 bucks. It was not like 600-dollar crazy luxury brand, but it was also not the cheapos. It was a shoe that they hoped to resole it and wear for a decade or two or three.


Mindy Jensen
I will say that if you’re a man, you can get away with that. Lady’s styles go in and out. But again, if you don’t care – I’m trying to think what – I don’t even know if I have any dress shoes right now because I don’t dress up and go anywhere. That’s not something that I enjoy. I don’t go to the opera, the cinema – not the cinema, the theatre.

Pete Mockaitis
Oh, the theatre.

Mindy Jensen
Yeah. I don’t do any of that. I don’t – that’s not something I enjoy. I really loathe the opera. I’m not a fan. I’ll just leave it at that. I’m sure it’s beautiful and whatever. It’s just not something that I want to go to. But I do go to the symphony, the local symphony, which is held in the high school auditorium. You could – as long as you have on clothes, that’s all they need you to be wearing. That’s more my speed.

Pete Mockaitis
The dress code is clothes.

Mindy Jensen
Yeah, having a good quality item that – you spend on what is important to you. You save money on things that don’t matter, so you can spend on what’s important to you.

Pete Mockaitis
Well said. Let’s hear about some other approaches for the saving. Once you’ve got a clear picture on where your money’s going and some of the mismatches, you make some adjustments. What have you found to be some common recurring opportunities for lots of people overspend on this and there’s an easy way to stop doing that?

Mindy Jensen
A lot of people overspend on their phone plan, on their insurance, on recurring charges that they don’t really think about.


Okay, one thing that I have heard – one recommendation that I have heard from a lot of different people is to go through your credit card statements every single month and make sure that the recurring charges are the least amount that you can spend for the level of service or quality that you want.

Let’s say you have a phone plan from your big name phone company and it’s $100 a month and it includes unlimited texting and unlimited data. I don’t even know what’s available because I don’t use any data on my phone. But I use Ting, T-I-N-G.com. They run over the Sprint network. There’s a couple of different ones. Republic Wireless is another one. I think Cricket Wireless is also a low cost, but don’t quote me on that.

Where my plan, my basic plan is $15 a month. That includes unlimited Wi-Fi, phone calls, and a few other things, and like a gig of data or something that I never go over because I hardly ever use it. But they have different levels of plans and you only pay for what you’re using.

Pete Mockaitis
That’s fascinating. You can just sort of take your existing phone once your contract is up and say, “Hey, Ting me up.”

Mindy Jensen
It depends. You would have to talk to Ting to make sure that your phone is compatible. I think that not all phones are compatible. This is something that I don’t do a lot of. I got on Ting and then I never look at it again. I have the same phone for a long time because I don’t want to learn a new phone. I just want to have Google maps and the ability to text and make a phone call.

Pete Mockaitis
Got you.

Mindy Jensen
Then everything else is bonus.

Your insurance, your car insurance, your home insurance. One thing that I have noticed is that your premiums go up every year. If you shop around to other companies, you might get a teaser rate or you might get a lower rate simply because your insurance company is kind of banking on you to be lazy and not-

Pete Mockaitis
Like the cable companies do. Yeah.

Mindy Jensen
Kind of like the cable companies do, yeah. Do you need everything that’s in that list of insurance? When I first starting driving, I had full coverage. Now I have pretty basic coverage because I’m a good driver and I don’t hit people. I’m covered if somebody else hits me. I have enough money to cover the old car that I have, which I probably wouldn’t get anything for anyways.

I don’t have coverage if I hit somebody. I don’t coverage for my own vehicle. But I also haven’t been in an accident that was my fault since like 1992 or something like that.

Another thing to do is raise your deductible. My deductible when I was a kid was like $100 because I couldn’t scrape together anything more than that. Now I think it’s $2,000 because I can come together with $2,000 and have everything else covered.

Just review your recurring charges, ask for discounts everywhere you can. Again, what’s the worst that they’re going to do? They’re going to say no. Then you threaten to cancel the account or you cancel it and go someplace else that gives you a better price.

Pete Mockaitis
That’s nice. I also like one takeaway I picked up from Bigger Pockets is to focus in on the big areas of spending and to not stress so much, like the latte, “Oh I love the latte. I don’t want to give up the latte.” Well, the latte matters less than what you’re spending on your home, your domicile, your living arrangement, your transportation or car, and your food, your groceries, what you’re consuming, whether it’s out or in. Do you have any pro tips on optimizing those big ones?

Mindy Jensen
I do have pro tips on optimizing those big ones. Let’s start with your car. Do you need your car? Do you need it all the time? Do you have an alternative way to get to wherever it is you’re going in the car? Most people use their car to get to work. How close do you live to work?  Could you walk? Could you bike? Could you get a ride with somebody?

We have a guy at bigger pockets named Craig who used to rent out his car on Turo and made a lot of money doing it. He would take his bike to work. He would get a ride with somebody if he needed to. He just rented his car out all the time. That’s a way to get rid of your expense when you don’t really need the item.


Housing, you can – Airbnb, you can rent out the unused portions of your home. You can have a roommate. How much space do you have that’s just vacant and not being used ever? You house hack.

There’s a lot of ways to cut down your expenses, eliminate them, even make money on your previous liability, now it’s an asset, simply by tweaking something. If you don’t want to move, you could just rent out a room in your house. Maybe you’re not having your entire mortgage paid, but any portion of your mortgage that you don’t have to pay is a win.

Pete Mockaitis
Absolutely. How about on the food side of things?

Mindy Jensen
On the food side of things, I would absolutely recommend to plan your meals. Look at inexpensive food ingredients. Sweet potatoes are inexpensive and potatoes are inexpensive. Look for ways to build your meals around inexpensive staples with a pinch of something else.

If you are a meat eater, maybe you have a small amount of meat with your very vegetable heavy meal. I am a meat eater, so we do have a lot of meat. But I do have a daughter who saw this movie called Free Birds, which is a cartoon. That was the first time she equated turkey that you eat with turkey the bird and has never eaten a piece of meat since, so I have learned to do a lot of vegetarian meal planning.

Beans are cheap. Canned beans are cheap, but dried beans are even cheaper. You can buy in bulk. Plan your meals around these protein sources that aren’t meat, which is fairly expensive.

Pete Mockaitis
I love if you have dried beans, if you throw them in an Instapot, you can get them raring to go and eat pretty quickly without the whole soaking process, so there’s another one.

Mindy Jensen
That’s what I’ve heard. I don’t have an Instapot, so I can’t speak to that. But there’s – go to – excuse me – go to Pinterest.com and look up 50 billion recipes for insert ingredient here. “What I can do with canned beans?” or “What can I do with dried beans?” “Oh, here’s 47 recipes for you.” Chile is a super hearty meal that you can make and – you just throw in a bunch of stuff in that pot.

Pete Mockaitis
It’s wild just how far you can take this. The Wall Street Journal recently had an article about the FIRE movement, Financial Independence Retire Early. They profiled someone whose monthly grocery bill was $75 and that’s what does it for eating for one for a month, $75.

Mindy Jensen
That is not my budget. Good for her for being able to do it. She had tips like buy produce that isn’t optimal. I think there was this quote that was kind of bandied about in the FIRE community, “Oh, she eats brown bananas.” So what? That’s when they’re the best. The Chiquita banana song, “When they’re flecked with brown and have a golden hue, bananas taste the best and are the best for you.” I don’t know, sorry.

Pete Mockaitis
I love it. Any musical number is welcome. We’ll take them all.

Mindy Jensen
Great. My grocery store has a dented aisle. It doesn’t matter if there’s a dent. It doesn’t matter that something – the can is – the box is crushed on the corner unless it’s taco shells. Those are always just disintegrated. Don’t buy those in the dented aisle. But everything else – like I have a box of cereal it’s got a dent in it, so instead of $4.99, it’s $0.99. I’ll take that every day.

Pete Mockaitis
This is handy in terms of earning more and saving more. What do you see are sort of the most common mistakes or difficult decisions that folks are really wrestling with when they’re trying to get their financial house in order?

Mindy Jensen
Personal finance is personal. It means it’s what happens to your finances. If you want to go to Starbucks every morning, then go. Put that into your budget and cut back on other things.

What I see people doing is reading – there’s a guy who’s been blogging since the beginning of time called Early Retirement Extreme. He lives on beans and rice and peanut butter and jelly sandwiches. He’s okay with that. I’m not okay with that. I don’t live on beans and rice and peanut butter and jelly sandwiches. I see people thinking that it’s got to be this extreme thing when it doesn’t really have to be this extreme thing.

One of the things that we hear a lot on our podcast is “What did you do when you first discovered financial independence?” “Oh, I cut out everything.” Then month two, they add things back in. It is a good exercise to cut out everything to see what you really, really, really want, what means more to you than you thought it did and then add that back in.

But another way to do it is just cut out one thing at a time. Do you watch a lot of TV? We actually don’t watch a lot of TV, so we don’t have a TV plan. We just have Netflix. If you watch a lot of sports and it’s a big part of your life, then cut out something else that doesn’t mean so much to you. But don’t try to live my life because my life isn’t your life. You need to live your life. It all goes back to writing down your goals. What do you enjoy? What do you want out of this life?

Pete Mockaitis
I dig it. Well, Mindy, tell me, anything else you want to make sure to mention before we shift gears and hear about some of your favorite things?

Mindy Jensen
No, you’re pretty thorough, Pete.

Pete Mockaitis

Oh shucks. Thank you. All right, well, we heard your favorite quote, so how about a favorite book?

Mindy Jensen

My favorite book is called The Richest Man in Babylon. It was written in 1920 by George S. Clason. As you read it – it’s written in like King James Bible language, Shakespeare language. It’s – I love Shakespeare and I love that language, so it was fun for me to read. You don’t get a lot of books like that anymore, but it can be a little bit difficult to digest just based on the language.

But he talks about don’t spend every dime that you make. Don’t invest with people who really don’t know what they’re talking about. Pay yourself first. What’s really telling about this book is it was written almost 100 years ago and it’s all still true. There isn’t any bit of this advice that isn’t still valid.

Pete Mockaitis

That’s a good one. I remember I listened to an audio version of the book. I don’t know why, I’ll just remember it forever, the way the narrator did, it’s like, “The Richest Man in Babylon. Pay thyself first.” It was a good memory. Thank you.

Mindy Jensen

That is hilarious. Yeah, he probably sounds just like that. That’s a great-

Pete Mockaitis

It was very regal. It was like Patrick Stewart doing a Shakespeare thing.

Mindy Jensen

But it’s a really great book.

Pete Mockaitis

And how about a favorite tool?

Mindy Jensen

A favorite tool. I’m going to go back to that Waffles on Wednesday spending tracker, just because I don’t have a lot of tools that I use and I use that one all the time.

Pete Mockaitis

And a favorite habit?

Mindy Jensen

Favorite habit. Write down what you did that day. It’s really easy for Monday to turn into Friday and you get to the next Monday and you’re like, “Oh, what did I work on last week. I don’t remember.”

But get in the habit of writing down what you have accomplished, what you have worked on, even some failures, what you tried and didn’t work so that you can learn from that too so that you can represent yourself when you go to make a request for a raise, so you can represent yourself when you change jobs.

Do you remember what you did four jobs ago? I don’t. Four jobs ago was a really long time ago. But I don’t remember what I did four jobs ago, at least not day to day. “Oh, I entered products into the system.” That’s not exciting. What else did you do?

Pete Mockaitis

Very good. How about is there a particular nugget you share that really seems to connect and resonate and get retweeted?

Mindy Jensen

Save on the things that don’t matter so you can spend on the things that do.

Pete Mockaitis

If folks want to learn more or get in touch, where would you point them?

Mindy Jensen

I am all over BiggerPockets.com. You can find me on Twitter at MindyAtBP, M-I-N-D-Y-A-T-B-P, for Bigger Pockets. My email is Mindy@BiggerPockets.com. I am slow to respond. It’s not you, it’s me. I’m inundated, but if somebody has a question about anything I love talking about everything I just talked to you about.

Pete Mockaitis

Oh cool. Do you have a final challenge or call to action for folks seeking to be awesome at their jobs?

Mindy Jensen

I would just challenge everybody to start tracking what they’re doing with their life, what they’re doing in their job, what they’re doing with their spending. Just start keeping track of stuff. It doesn’t have to be some detailed minute-by-minute account of what you did at your job that day or penny-by-penny accounting of your spending, just a general overall picture will give you a lot of insight into how you are living.

Pete Mockaitis

Well, Mindy, this has been so much fun. Thank you for the good work you do at Bigger Pockets and sharing the good word. I wish you lots of luck in all you’re up to, the next house sale and purchase and all the rest.

Mindy Jensen

Pete, thank you for having me. I had a really, really fun time.

378: How to Tackle Uncertainty–and Enjoy It with Josh Kaufman

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Josh Kaufman says: "When you're doing something new, it is in your best interest to spend... time exploring all your different options."

Josh Kaufman shares his research regarding tackling uncertainty, the value of persistence in new skill acquisition, and best practices for self-directed learning.

You’ll Learn:

  1. The PICS formula for assessing your goals
  2. The five parts of every business mental model
  3. How and Why to pre-commit to learning a new skill

About Josh

Josh’s research focuses on business, skill acquisition, productivity, creativity, applied psychology, and practical wisdom. His unique, multidisciplinary approach to business mastery and rapid skill acquisition has helped millions of readers around the world learn essential concepts and skills on their own terms.

Josh’s research has been featured by The New York Times, The BBC, The Wall Street Journal, Time, BusinessWeek, Wired, Fast Company, Financial Times, Lifehacker, CNN, and many others.

Josh has been a featured speaker at Stanford University, World Domination Summit, Pioneer Google, and many others. JoshKaufman.net was named one of the “Top 100 Websites for Entrepreneurs” and his TEDx talk was viewed over 12 million times.

Items Mentioned in this Show:

Josh Kaufman Interview Transcript

Pete Mockaitis
Josh, thanks so much for joining us here on the How to be Awesome at Your Job podcast.

Josh Kaufman
Pete, it’s a pleasure. Thanks for the invitation.

Pete Mockaitis
Well, I’m excited to get into this discussion. One fun thing I learned about you as I was stalking you in preparation for this discussion is it still active that you have a monthly Dungeons and Dragons group going? What’s the story here?

Josh Kaufman
That is absolutely accurate. Actually, we just had I think it’s our one-year group anniversary this past Saturday.

Pete Mockaitis
Congratulations.

Josh Kaufman
It’s fun.

Pete Mockaitis
Tell me, what’s the – Dungeons and Dragons, it’s so funny. It has all sorts of connotations, but I want to hear straight from the horse’s mouth, what is it for you that drew you in and keeps you coming back?

Josh Kaufman
Oh, it is the most fun game that has ever been invented. It’s this really wonderful combination. When I try to explain it to people who have never played, it’s like imagine a game where literally anything is possible and people can do crazy things that you have not prepared for and don’t expect and there’s some way of figuring out if a character who tries to do something crazy in a story, if they can actually do that thing.

I love it in two ways. It’s this wonderful combination of group storytelling and improv. The storyteller kind of knows where it’s going to go, but doesn’t know for sure. The players have agency and latitude to do whatever they want.

Then the players can explore a world where they can and try and pull off things that are just really fun to think about and come up with creative solutions that the person w ho’s telling the story just never anticipated. It’s this wonderful combination of story and surprise and creativity. It’s the best.

Pete Mockaitis
Not to get too deep into the weeds, but I’m intrigued. How do you make the call on whether something that someone invents out of their head – I guess I just saw matches like “You are locked behind a dungeon door.” It’s like, “I’m going to pull out some – a bazooka and blast it away.”

I guess how do we determine whether or not they in fact can or cannot pull out a bazooka and blast it away? That’s always kind of been my sticking point looking out from afar, having not experienced it first-hand.

Josh Kaufman
Sure. There’s actually very active conversations in RPG circles about how you deal with this. I think the term is verisimilitude, so how much do you want to try to emulate real life in this fantastical story that you’re all telling together.

Every system has different ways of doing it. At least in Dungeons and Dragons, all of the player characters are playing an individual who has certain goals and desires and also, very important, a list of equipment that they have on them at their disposal, so pulling out a bazooka from nowhere is totally not kosher as far as the rules of the game.

Pete Mockaitis
It would be on the equipment list in advance is what you’re telling me.

Josh Kaufman
Exactly.

Pete Mockaitis
Okay.

Josh Kaufman
Imagine somebody like Conan the Barbarian fighting a dragon at the top of a mountain. The dragon is hurt and tries to flee and Conan flings himself off of a cliff and tries to grab the dragon in midair. Most games don’t really have a good system for figuring out what happens next.

The whole point of a rule system in a role-playing game is essentially giving you the tools to figure out just that. What is the situation? How difficult is it? What is this player? What are they good at and what are they not good at?

There’s a way to essentially reduce it to statistics of you don’t know for sure, you’re going to roll some dice to figure out what happens next, but how great are the chances that Conan will be able to leap far enough to get to the dragon and then hold on if they’re able to make contact. Things like that. It’s really fun.

Pete Mockaitis
I see, so you’re kind of jointly deciding that as a group.

Josh Kaufman
Yeah, and the really interesting parts are when the players figure out a solution to a challenge that you didn’t anticipate. At risk of going too deep, my players were fighting ice demons that exploded when they died this past Saturday.

Pete Mockaitis
We’ve all been there, Josh.

Josh Kaufman
Yeah, as you do. It was really interesting to see the group brainstorm and come up with solutions of how to isolate and then put these monsters in a position where they could be defeated without doing damage to the party.

There were five or six different solutions. Every player came up with their own take on it. But it was just really interesting to see with all of the different personalities and the different sets of skills at the table, everybody came up with their own little solution to figure out this thorny problem.

I was telling the story and I had no idea what they were going to do. The fun of it for me was putting a whole bunch of people in a situation and seeing how they tackled it.

Pete Mockaitis
Well, that’s nifty. You’ve compiled some wisdom when it comes to fighting fantastical and mythological beasts in your book, How to Fight a Hydra, but there’s more to it than just a fun fantasy fiction romp. Can you unpack what’s this book all about?

Josh Kaufman
Sure, so How to Fight a Hydra is compiling a lot of research into a universal problem that all of us have that’s we may have a big ambitious goal or pursuit, something that we want for ourselves and we’re not quite sure if we’re going to be able to pull it off. There’s a lot of uncertainty. There’s a lot of risk. There might be fear of the unknown or uncertainty that we have the skills that we’re going to need in order to get what we want.

A huge tradition both in ancient and modern philosophy about how to deal with topics like uncertainty and risk, but also a lot of new cognitive psychology or behavioral psychology. How do you get yourself to do something that you know in advance is going to be challenging or is going to be difficult?

I started researching this and started doing it the way that I did my previous two books, which were research based non-fiction. The funny thing about writing about uncertainty and risk and fear is that if you treat it that way, you start writing a book that nobody wants to read because those topics are inherently uncomfortable to think about too long.

That’s where the idea of instead of explaining how to do this, approaching it from the perspective of a story. Let’s take a person who is deciding to pursue something genuinely difficult, something that they don’t know if they’re going to be able to do and let’s follow them as they go through the process of accomplishing this very big goal and experiencing all of the normal challenges along the way.

Then watch them skillfully apply these things that we know from research works in these sorts of situations. It’s fiction. It’s a story, but it’s a story with an underlying logic and purpose that is very firmly rooted in this universal challenge that we all face.

Pete Mockaitis
I hear you. We won’t spoil the story elements, but within it, there are some components associated with sort of physical training and getting tougher as well as acquiring or crafting a sword in order to pull it off. Could you – at the risk of us entering into the boring territory for the book that nobody wanted to read – what are some of the fundamental steps and scientific insights associated with flourishing when you’re tackling a big project like this?

Josh Kaufman
There are a bunch of insights around – let’s group it around expectations going into something – a new big project, something you’ve never done before, something that is at the limit of your capability. And there are a few common patterns or denominators in how you approach that, and how you approach it makes an enormous difference.

Let’s say you want to enter a new career. You want to start a new business, pursue a creative project. Whatever it happens to be, there’s this undercurrent of, like, “I don’t know if this is a good idea. I don’t know if this is going to work. I don’t know if I invest my time and energy in this way I’m going to get the results that I want. I may have a vague idea of what I’m trying to do, but I don’t know what I’m supposed to do next.”

Those are all very common things that I hear from lots of different people and experience myself. One of the things that’s very useful to know from the beginning is that that is completely normal. It doesn’t mean that you are not up to the task. It doesn’t mean that this is a bad idea or there’s something wrong with you. It’s just a fundamental feature of the world.

These big things that we want to achieve, there’s an inherent element of uncertainty, complexity, variability, ambiguity and risk. Those things are never going to go away. If you understand that from the beginning, you can shift your mindset more from “How do I get this uncertainty to go away? How can I make it stop?” to more of a you are pursuing an adventure. You’re exploring something interesting. You are challenging yourself in important ways.

One of the things that makes an adventure interesting, or exploration valuable, is you don’t know how it’s going to turn out. That’s part of the fun. That’s part of the challenge. Just thinking about these things that we want to do more along the lines of adventures or exploration is a very useful way to think about the process of pursuing something in general.

Pete Mockaitis
That is really cool in terms of just reframing it as an adventure because we pay good money to experience adventure, whether you’re going to REI and buying some outdoor backpacking-type stuff and going out on a trail or a mountain or a campsite or whether it’s more indoorsy, a room escape adventure, you know?

Josh Kaufman
Yeah, definitely.

Pete Mockaitis
Paying money for that kind of experience or just a trip to the movies or a novel or whatever. Yet, elsewhere in life, we want that uncertainty gone. We would like to just sort of know how it’s going to unfold. That’s a pretty clever move in terms of by reframing the uncertainty into adventure, now it’s no longer terrifying and doubt-producing, but rather it’s fun and interesting.

Josh Kaufman
That’s absolutely the case.

Pete Mockaitis
Nifty. I imagine some ways that may be easier said than done, but let’s say you’re in the heat of it. Someone’s looking to change their career wildly from we’ll just say one field of accounting to another field of pinball machine design.

Josh Kaufman
Fantastic.

Pete Mockaitis
We’ve always loved pinball and this is kind of a crazy switch, but they think they’ve got some special skills and abilities and things to contribute there.

Let’s think about it. One person may very well be freaking out in this situation, like, “Oh my gosh, where would I even start? Why would anyone want to hire me? Should I quit my job? Should I not? That’s pretty crazy. How am I going to support my family, pay the mortgage?” Here we are in the midst of uncertainty and big dream and fear. Where do we go?

Josh Kaufman
Yeah, the first bit is exploring more fully what the new thing looks like. I’m guessing that our fictional example may have some experience doing this but may not have completed an entire project start to finish.

One useful thing about thinking about all of these transitions as adventures is there’s a certain amount of exploration that’s always going to happen, particularly at the beginning. There’s actually – I did a full essay about this on my website, JoshKaufman.net, about exploration versus exploitation.

There’s a lot of research about it in computer science, but it’s one of those generalizable things that’s useful in a lot of circumstances. When you’re doing something new, it is in your best interest to spend the vast majority of your time exploring all of your different options.

Maybe in this case, the individual is still working their day job, so there’s some risk mitigation going on there, but then most of the time and energy devoted toward this new activity is spent exploring.

What types of pinball things sound good? What are some of the different industries or businesses that you could work with? What do they tend to specialize in? What do they need? Are you going to build your own pinball machines or are you going to outsource it to a contract manufacturer? Are you selling it yourself or are you selling it through somebody else? There are all sorts of unanswered questions around this topic.

Spending a lot of time and energy in the exploration phase makes a lot of sense. You’re gathering information. You’re trying new things. You are testing to see what are the parts of the business or the venture or project that you really like and what are some of the things that you would rather avoid.

All of that exploration is extremely useful later when it comes to the second phase, which is called exploitation. Exploitation is when you’re spending most of your time doing the things that you know are rewarding.

Imagine you move to a new town and you don’t know which restaurants are good. You spend maybe the first couple years that you live there, you never eat at the same place twice. You explore lots of different options to see what you like and what you don’t like.

But the longer you live there, the more you know what’s going to hit the spot at any particular moment, so you spend more and more time doing the things that you know work and doing less and less of the time with things you don’t.

So for our aspiring pinball designer, after that period of exploration, they’re going to have a much better sense of what works and what doesn’t. Then the more and more things that work, the easier it’s going to be to make a transition from accounting to pinball.

Pete Mockaitis
That’s intriguing example there when it comes to the food. It’s so dead on because I found myself, particularly when I’m at a restaurant that I’ve been to several times, it’s like I’m torn. It’s like, okay, there’s one thing I know that will be delicious and wonderful, so I’m naturally drawn to that and yet, I’m also intrigued by the new and seeing what could be there.

I’ve had it go both ways. I try something new and it’s like, “Wow, that was even better than the thing I loved. I’m so glad I did that,” versus “Oh, this is kind of lame. I could have just stuck with the thing I knew was good and then been feeling more delighted post meal.”

I like that you’ve provided a particular rule of thumb here, which is in the early phases, you’re going to get a better bang for your buck by doing more of the exploration versus once you know the lay of the land, you’ll have a better return by doing the exploitation.

Josh Kaufman
Absolutely. And the additional wrinkle to this, so this is often in the research literature called the bandit problem because the classical mathematical formulation is you’re playing slot machines, which I do not recommend by the way, but for the sake of understanding, it’s a good example.

Imagine you go into a casino and you can play any slot machine you want. You don’t even have to spend money. It’s just the time that it takes to pull the lever and see the result. If you’re given this opportunity and you want to maximize your return from this experience, what do you do? Well, that’s where the exploration and the exploitation phase comes it.

You spend quite a bit of time testing different machines gathering data. Then after a while you start shifting to the machines that you know provide a much better pay off.

The interesting thing is you would think at a certain point that exploitation is the way to go. You just do the thing you know works over and over and over again. When you look at the studies and you look at the math, that’s actually not the case. There’s always a certain amount of your energy and attention that is going to be devoted to exploration because you don’t have perfect information about what is going to be the most rewarding thing you possibly could do.

The more time you spend, the more confident you can be that you’re on the right track, but it’s always beneficial to you to reserve at least some percentage of your capacity for trying new things and seeing if they work out.

Pete Mockaitis
Indeed. I guess it’s just my personality or strengths or whatever, it’s just like I find that exploration of the new is so much more exciting and interesting.

Josh Kaufman
I’m right there with you.

Pete Mockaitis
And sometimes to my detriment. It’s like, “No, no, Pete, just continue doing the thing that’s really working for you instead of gallivanting off to some crazy thing,” but the gallivanting is fun. I guess when you talk about the context of slot machines, which is gaming is for the purpose of fun, then that may be all the more true.

Josh Kaufman
Yeah, I think a lot of it comes down to – in the personal context, why are you doing this thing in the first place? There may very well be situations or decisions that you might make from a career standpoint that might get you a lower financial return than other options, but if you have a payoff in another dimension, so maybe it’s personal interest and engagement maybe it’s exploring an area that you really love and you’re willing to make tradeoffs in order to work in that area.

There are all sorts of things to optimize for that aren’t necessarily financial return. I think the more broadly you think about what’s the reward for this thing that I’m trying to do and how can I get more of the things that I care about, the easier it is to make those sorts of tradeoffs.

Pete Mockaitis
Well said. Okay, when it comes to the hydra fighting, any other kind of key takeaways that you think are particularly on point for those seeking to be awesome at their jobs?

Josh Kaufman
Yeah, I think the understanding that it’s going to be difficult and that’s okay, is a really great mental framework to begin and that most of these sorts of challenges are met by both improving your skills, so getting better at doing the things that are critical to achieve the results that you want, and persistence and specifically persistence in the face of frustration and difficulty.

And so it’s very easy, particularly early on – this is actually a theme in my second book, The First 20 Hours. When you’re doing something new or something you’re not familiar with or something you’re not very good at yet, that early experience of trying to make progress and not getting the results you want is extremely frustrating.

Understanding that persistence is the thing that allows you to push through those early barriers and solve the challenges and get what you want, the more you can understand that that is the path to victory. It’s not being naturally skilled. It’s not having some sort of magic problem-solving device. It is consistent effort, attention and energy over a long period of time.

That is setting you up for success in a way that a lot of messages in broader culture, just don’t really help you with.

Pete Mockaitis
Could you give us a couple, quotables or articulations of the counter message that’s suboptimal?

Josh Kaufman
Well, I think the best way to frame it—that I’ve seen in various forms is don’t compare your inside versus somebody else’s outside. social media does not do us many favors here because you tend to see the highlight reel of other people’s lives. You see the promotions. You see the vacations. You see the raises. You see the major status-oriented achievements. You don’t necessarily see, the struggle or the fear or the anxiety or the work that goes into a lot of  the achievements that other people have.

Understanding that everyone deals with the same challenges of not knowing what’s going to happen next, not knowing if an investment is going to pay off not knowing if something is a really great idea that’s going to change their life or career or a terrible idea that is going to blow up their life or career. It’s a universal problem.

Giving yourself a bit of grace and being comfortable saying “I may not be where I want to be yet, but I am on a path and I am working towards getting there,” that goes a very long way.

Pete Mockaitis
Not to kill dreams prematurely, but I guess the counter side of persistence is knowing when is it appropriate to shut down a plan that is not going to cut the mustard. Any pro tips on that side of things?

Josh Kaufman
Yeah, the biggest advice I can give in that regard is be very, very clear about what you want upfront. The way that I like to think about this most people’s goals or dreams if they’ve articulated them to themselves are very broad and very general. Broad and general to the point where it doesn’t really give your brain anything to work with in figuring out how to get there.

The acronym or approach that works really well for me is PICS, P-I-C-S. That’s positive, immediate, concrete, and specific. Those are the qualities that should apply. When you write down what you want, try to make it as concrete, specific, vivid and something that you can look into the world and figure out, “have I achieved this thing or not. Am I there?”

“I want to climb a mountain,” is very not specific. “I want to climb Mt. Everest by next year,” is much more specific. You can do something with that.

Pete Mockaitis
I like the acronym PICS just because that’s kind of what you’re getting at is we’re trying to paint a picture that’s super clear, that we know if we’ve hit it or have not hit it.

Josh Kaufman
Yeah, the more vividly you can imagine what your life looks like and what this thing you want to achieve looks like when it has been accomplished, the more useful it is going to be in terms of figuring out what to do next to get there.

Pete Mockaitis
That’s excellent. Then it’s easier to make that call. It’s like, “This is what I was going for and what I’m experiencing is in no way, close to that nor getting closer to it, over time,” so there you go as opposed to if it were fuzzy, it would be tougher to know that we’re not where we’re headed or where we wanted to be.

Josh Kaufman
Yeah, I think a lot of people experience that particularly early on in their career, where they have this image before they enter the workforce or in a new role about what it’s going to look like and what it’s going to feel like and what their life is going to be. And a lot of times, the early experiences don’t match up very well with that. it helps to be able to really articulate what am I trying to get out of this, what is the benefit for me, what do I care about and what do I not care about so much? And then be able to figure out, okay, on a day-to-day basis, is this thing taking you closer in the direction of where you want to be or is it actually taking you farther away?

In my corporate career, I was actually in product development in marketing at Proctor & Gamble, which a huge consumer goods company. I was really excited. I loved creating new things. That part was really great. I decided to move on from the company when I was in a meeting to prepare for a meeting to prepare for a meeting to prepare for a meeting.

Pete Mockaitis
Could you unpack that?

Josh Kaufman
Four levels of ….

Pete Mockaitis
The layers of the meetings. I’ve got to hear this.

Josh Kaufman
A lot of how product development works was we’re individual teams who are working on things and they would essentially pitch it to the vice president/president level in order to get funding.

I was having a meeting with my manager to prepare for a meeting with the brand manager of the product that this would be under to prepare for a meeting with the marketing director, and then to prepare for a the final pitch to the vice president and president to get funding.

And all of those meetings were important. And then I just looked at my life. I’m like, “I don’t want to exist in meetings for the rest of my career. There are other things I want to do.”

Pete Mockaitis
What’s intriguing is that the final, final meeting was still an internal one as opposed to say a venture capitalist or Wal-Mart, Amazon. Are they going to carry your product? It was still an internal one.

Josh Kaufman
Yeah, absolutely. I actually had quite a few meetings with Wal-Mart and Target and Costco and all the big retailers and somehow those were more straightforward than the internal meetings about how to allocate funding. It’s kind of funny.

Pete Mockaitis
Intriguing. Okay, well, so that’s a little bit about the hydra story. I cannot help myself if I’m talking to Josh Kaufman, I’ve got to get some of your wisdom when it comes to self-directed learning. I first heard about you when you came up with the notion of the personal MBA which sounds great. What’s your take here in terms of should nobody pay for a traditional MBA and how do you view this world?

Josh Kaufman
I think that if you’re already working at a company you like, you know you want to move up in that company internally there’s a requirement to have an MBA, uh, to have the position that you desire and the company is willing to pay for it, then that’s probably a pretty good reason to do it.

Pete Mockaitis
Okay, some stringent criteria.

Josh Kaufman
Yeah. Anything else aside from that it’s probably going to be more expensive, both in terms of financial time and opportunity cost than you expect and the value of the credential in and of itself is just not really great. In a financial sense, it’s almost always a negative ROI.

If the goal is to understand what businesses are, how they work, and either how to start a new business or make any existing business better, you can learn how to do that on your own. You don’t necessarily have to spend years and tens, hundreds of thousands of dollars to learn business skills. Business skills are very learnable on your own.

The goal with The Personal MBA was to create the best possible introduction, that I could make to the world of business. So assuming you know absolutely nothing about how businesses work, how can you understand all of the parts, that go into making a business work in a way that allows you to do important stuff, whether that’s making a new product, new company or just doing better in your existing job?

Pete Mockaitis
All right. You did a nice job of unpacking the key sub skills that are associated with the MBA and then you’ve got an infamous – maybe just famous, I don’t know about infamous – reading list associated with when it comes to strategy and these marketing and all these things that are handy to know to comprise what an MBA knows and getting there.

I’d love to get your take then when it comes to doing this learning on your own as opposed to in a classroom or a group environment, what are some of your pro tips for pulling that off successfully outside those supports?

Josh Kaufman
Yeah. I think the biggest thing is aside from the basics of setting aside time to read and research and think and apply, that’s going to be necessary in any case. There’s a particular type of thing that when you’re self-studying you should, look for.

A lot of traditional academic book learning is all about memorizing terms and techniques, so specific things that apply in specific situations. I think a much better way to approach learning for application in general is to look for things that are called mental models.

A mental model is basically a conceptual understanding about how a thing in the world works, what it looks like, how different parts of a system interact with each other. It’s essentially one level of abstraction higher.

It’s being able to see the same principles at work in, businesses in different industries, different markets, different products, products to services, understanding how things work at a deeper level and that gives you the ability to look at a situation you’re not familiar with and that you have no context about and have a place to start and have a place to figure out how you would go about getting more information or make decisions in this particular area.

And so, The Personal MBA is really designed around that idea. Let’s learn the most important mental models about business, about people because businesses are created by, run by, and run for the benefit of people, so let’s understand psychology and communication and how that works.

And then systems because most successful businesses are essentially comprised of systems, processes that can be repeated in order to produce a predictable result. The more you understand about systems in general, the more you’re going to be able to take that back to a functioning business or a new business and say these are the things that would probably make the biggest difference right now.

Pete Mockaitis
Could you give us an example of a mental model? It’s like, “Oh, because I understand this one thing, I can now take that with me and apply it to having a starting point for this other thing.”

Josh Kaufman
Sure. So one of my favorites, which is, early in the book for a reason is what I call the five parts of every business. And it’s uh, this very universal way of deconstructing a system or deconstructing a business into, universal parts that help you understand how it functions at a very fundamental level. The five parts are value creation, marketing, sales, value delivery, and finance.

Every business creates something of value to other people, could be it products, could be it service, could be a shared resource like a museum. There are all sorts of different ways businesses create value, but it always makes something that other people want or need. So it’s important to understand what that is and why people want or need it, how that value is created to the people who ultimately pay the business’s bills.

Marketing is all about attracting attention for this valuable thing that you’ve created. So how do you make sure that people know that you have something valuable to offer them?

And then from there, you can attract all the attention you want, but if nobody ever pulls out their check book or credit card and says, “Yes, please. I’ll take one,” you don’t have a business. You have something else. And so sales is the process of taking someone who is interested in what you have to offer and then encouraging them to become a paying customer of the business. It’s the part where, money flows into the business instead of running out.

It turns out, if you take people’s money and you don’t deliver what you promised, you’re not running a business; you’re running a scam.

Pete Mockaitis
You find yourself in prison.

Josh Kaufman
Exactly. So value delivery is the part where you have a paying customer. This is great. You have something valuable that you’ve promised to deliver them. Let’s deliver this thing in a way that makes the customer deliriously happy. This is everything from the construction of physical products, the, service, delivery, follow-up calls, and all of those things that turns a paying customer into a happy customer. That’s all in value delivery.

And then finance is essentially the analytical step. So, in, value creation, you’re usually spending money to make this thing. You’re investing. Same with marketing. You may be spending on advertising. You may be spending on any form of outreach to attract more attention to this thing you’ve made.

Sales is the wonderful part where money comes in. Then value delivery, when you are making your customer happy delivering what you’ve promised, you’re usually spending money there too.

And so finance is the process of analyzing all the money that you’re spending and all the money that you’re bringing in and answering two very fundamental questions. One, is more money coming in than is going out, because if not, you have a problem. And then, number two, is it enough. Is it what we’re bringing in from this system worth the time and energy that it’s taking to run the whole thing?

And no matter how large or small the business is, whether you’re one of the largest companies in the world or you are a company of one starting something new for the first time, if you’re bringing in money and it’s enough and it’s worthwhile to keep going, congratulations, you have a successful business. That’s all it takes.

Pete Mockaitis
Okay, so then that mental model there is you just said, hey, we’ve got these five components, so even if I know, know jack diddly squat about, real estate investing and, buying homes and renovating them and renting them out, by applying this model of the five key areas, I can sort of quickly get an understanding in terms of saying, “Okay, what is it that customers, people who rent apartments want?” and then away you go.

Josh Kaufman
Yeah, that’s exactly it. I was doing consulting and advising related to personal MBA for many years. It was really fun talking to people who worked in wildly different industries and markets, being able to come back to the same core process of okay, I may be speaking to someone who is implementing electronic health care records for midsized doctor’s offices with 10 to 20 doctors practicing.

That’s not an area that I had any direct expertise or experience in, but coming back to this framework, it was very easy to understand what was going on, what was important, where the opportunities were just based on a conversation around, “okay, these are the areas of this particular business that I need to know before we can dig in on here’s what’s going to be most beneficial and what you should focus on.”

Pete Mockaitis
Understood. Thank you.

Josh Kaufman
Sure.

Pete Mockaitis
Okay, well so then I’d love to go a little bit deeper when it comes to the how associated with, developing these skills. You’ve laid out kind of a four-step approach for learning a new skill within a mere 20 hours, not 10,000. How does this go?

Josh Kaufman
Yeah. This is part of my research for I did for my second book, The First 20 Hours. The goal for that one was to understand how to go from knowing absolutely nothing about something you’re trying to do to being reasonably good in a very short period of time. Usually that early learning is slow and frustrating, so anything that we can do to make it a little bit faster and way less frustrating is going to beneficial for us long term.

That goes back to the PICS acronym we discussed earlier. Like, getting very clear, very specific about what you want to do, how you want to be able to perform, and what that looks like when you’re done.

And so from there you’re able to take that image of what you want and, do what’s called deconstructing it into smaller parts. usually the skills that we want to learn, aren’t single skills in isolation. They’re actually bundles of different skills.

So a good way to visualize this is imagine a complex game like golf. So playing golf actually involves lots of different things. I don’t play myself, so apologies if the terminology is wrong. But driving the ball off of a tee and putting it into the hole, on the green, are two very different things.

And so the more you can understand what those isolated sub skills look like and which ones are most important to get what you want, the easier it is to practice the things that are going to, to give you the best return for your invested time and energy. You practice those things first.

Learning just enough to go out and be able to correct yourself as you’re practicing gives you the biggest return.

Too much research can be a subtle form of procrastination. That’s actually something that I, struggled with quite a bit. I want to know everything about what I’m trying to do before I do it. Spending just a little bit of time and energy researching just enough to go out and try to do it and to be able to notice when you’re doing something wrong and then try, go back again and self-correct. That’s really important.

There are two other things that are particularly important, so removing barriers to practice, some of those barriers can by physical, mental or emotional. Make it as easy as possible for you to sit down and spend some dedicated time getting better at this thing that you want to do. Then pre-commit to learning the most important sub skills first for at least 20 hours.

The pre-commitment is a very powerful tool from a psychological standpoint that makes it much more likely you’re going to practice long enough to start seeing benefits. So the early hours, super frustrating, so you need to have some type of method, some way of getting past that early frustration.

And the best tool that I found is pre-committing to a relatively short period of time and I recommend 20 hours as a nice happy medium for most of the skills that we would learn either in a personal or professional context.

Pete Mockaitis
That’s handy with the pre-commitment upfront. “Hey, this is what it’s going to be and I’m ready for it. I’m strapped in and we’re kind of pushing past it,” as opposed to, “Hey, it turns out I’m not good at this and I hate it, so we’re done.” That’s nice there.

When it comes to the sub skills, could you – I imagine it varies quite a bit skill to skill – but could you give us a further example of, what’s the approximate breakdown in terms of when it comes to sub skills, I think I might make it a bit too granular in terms of “There are 83 sub skills.” What do you think is kind of the right level of detail when defining the sub skills that we’re going to tackle?

Let’s say I want to be handy. I’m a homeowner now. I want to be handy around the house. It’s like, okay, well, we can talk about screwing screws. We can talk about drilling holes. We can talk about drywall. We can talk about furniture assembly, etcetera.

I think that it might be possible to subdivide it into a huge number of things and maybe, well, hey, being handy is a very broad thing that warrants that. But could you give me a sense for what’s roughly the right size of the piece when we think about a sub skill that we’re going to get our arms around?

Josh Kaufman
Yeah, so in an instance like that, I’m really glad you brought it up because you’re right, being handy is like a state of being that you develop over time. It’s hard to look at your day-to-day life and experience a moment where you think to yourself, “Wow, I have really accomplished being handy.”

Pete Mockaitis
I have arrived at handiness.

Josh Kaufman
Yes, like I’m here. But one thing that’s really useful in situations like these is to think in terms of discrete projects. So look around your house for all of things that you would want to change or improve.

So I think the drywall example is a really interesting one. Let’s say there’s a section of your house where for whatever reason the drywall needs to be replaced. Maybe it has dents in it. Maybe it wasn’t done well the first time, who knows. But there’s some section of wall where you want to do that.

That is breaking down this very meta ‘I want to be handy’ into ‘I want this particular section of my house to look good and having it look good requires drywall work.’ That gives you the context to figure out, “Okay, if I’m going to work on this piece of the house, here are all of the things that I’m going to need to learn how to do and here are some of the tools I need and here’s how I’m going to have to figure out how to get the drywall down.” You can start breaking it into smaller and smaller parts.

And then the practice of it might look like saying, “Okay, I’m going to try to replace this myself. And I’ve never done it before. I’m a little hesitant to do it, but it’s either going to be done or I’m going to put 20 hours into the doing of it.”

If you’re terrible and everything looks horrible and you need to hire somebody to fix all of your problems after the 20-hour-mark, great, but in the meantime you’re going to focus on solving this specific problem with the time you have allotted to it.

Pete Mockaitis
What I love about the 20 hours, to jump in there, is that it’s – on the one hand that seems like a crazy big amount of time if you think about someone who already knows what they’re doing. It’s like, this could be a one-, two-, three-hour job max for, uh, someone who’s uh, experienced with drywall. But you have laid it out that I’ve pre-committed to the 20 hours. The goal is to learn the thing such that I can deliver on this one project.

I think that does a huge service in terms of short-circuiting that frustration because if—if you find yourself in hour 16 like “This is insane. It’s taken me over five times as long as somebody who knows what they’re doing would take them,” you’d be like, “Ah yes, but I’m almost done and according to my 20-hour commitment, therefore I’m winning.”

Josh Kaufman
Yeah, totally. I really like um – there’s just something about making the commitment that short circuits all sorts of very detrimental things. The First 20 Hours, the first edition of the book was published in 2013.

And now like, five years later, having lived with this for a long time, every time I pick up a new skill, I have to think to myself, “Okay, I’m going to do this. If I’m terrible, I’m going to be terrible for 20 hours. If I don’t like it, if I’m having a miserable time, then I only am going to be miserable for 20 hours and then I can stop.”

But just making that mental shift of it’s okay if I’m not good at the beginning. It’s okay if it’s frustrating. I’m just going to push through that because I know that if I stick with it long enough at minimum I’m going to be a lot better than I was when I started.

Um so, there’s just a whole lot of excellent goodness in both letting it be hard, like not expecting it to not be because it very often is. It usually is. But then also helping to really shift into the mode of, um, not comparing your skills or abilities versus other people who have probably been doing it for a lot longer than you have.

Like, that’s a huge trap, both in skill acquisition, but also in business and creative endeavors in general. Like looking at somebody else and their level of development and expecting ourselves to have those skills and that level of development from hour zero.

This—this approach really helps you to hone in on, “Okay, where am I right now? Where do I want to be?” And then as you’re putting in the time, you can see yourself getting better and better and better.

It’s called the Power Law of Practice. It’s one of the most reliable, effects or studies in cognitive psychology. The first few hours that you practice something new, you will get dramatically better very, very quickly. It’s just a matter of sitting down to do the work in the first place and then persisting long enough to actually see that improvement happen.

Pete Mockaitis
I dig that. I also really appreciate the notion of the comparisons and how, I guess, silly and futile and unproductive that is in the sense of I can imagine, it’s like well, you can think about something that you’re amazing at and then say, “Well, what if my contractor tried to start a podcast or deliver a keynote speech or write a book?” It’s like, things that I’m good at.

It’s like, “Well, he’d probably not so graceful and elegant, kind of the way I do right now as I’m hacking through this drywall and doing a comically poor job.”

Josh Kaufman
Absolutely. That’s exactly the way to think about it. Like, there are things that you have become amazing at because you have learned and practiced consistently over a very long period of time. That—that’s just how humans fundamentally improve at everything.

And so you can take that general insight is if you approach the early part of the process in a skillful way, so knowing it’s going to feel hard and it’s going to feel frustrating. And that’s okay. That’s expected. If you can get through that early part, then you can become better at anything that you put your mind to. It’s mostly a decision of what to work on and of all of the things that you could work on or improve at, what are the things that are going to give you most of the results that you want.

Pete Mockaitis
Excellent. Well, Josh, tell me, anything else you want to make sure to mention before we shift gears and hear about some of your favorite things?

Josh Kaufman
This has been really great. I think the um, underlying theme of my work in general, and I have some new books that are in various stages of, of research right now, but I really try to focus on, on the, uh, straightforward, practical wisdom if that makes sense, just trying to understand important areas of life, figure out how to get really good results in that area, and describe it in a straightforward way.

If anyone decides to explore my work, I really hope that’s what they take away, whether it’s business or learning a new skill or tacking this big ambitious project you’ve always wanted to do, I hope you’ll take away some, um, very straightforward, very practical approaches and techniques that will help you get what you want.

Pete Mockaitis
All right. Awesome. Well now then could you share with us a favorite quote, something you find inspiring?

Josh Kaufman
I love quotes. I collect them. It’s hard to pick a favorite. So there’s one attributed to Andy Rooney that I think about a lot, which is, “Everyone wants to live on top of the mountain, but all of the happiness and growth occurs while you’re climbing it.”

Pete Mockaitis
Thank you. How about a favorite study or experiment or bit of research?

Josh Kaufman
Well, all of my books are my collected research,so that’s kind of an ongoing uh, uh project. Part of how the personal MBA came to be, was reading a bunch of business books and—and pointing folks to the ones that I—I found most useful.

A book that I’m in the process of reading now, by Mo Bunnell called The Snowball System, which the best way I can describe it is like, sales and business development for normal people, who may approach the sales or business development process with a little bit of trepidation or not wanting to be a salesy person. Mo does a really, really great job of making sales and relationships very practical and very accessible. I’m about halfway through it and I’m really enjoying it so far.

Pete Mockaitis
Excellent. How about a favorite tool?

Josh Kaufman
Favorite tool. Well, we were talking about this a little earlier. I’m doing a lot of podcasts and audio book recording.

Pete Mockaitis
Yes, you sound amazing.

Josh Kaufman
Thanks, yeah. So, so the microphone I’m talking into right now is the Mohave Audio MA-200. No joke I ordered I think it was 12 different microphones from various manufacturers. I spent—I spent like three solid days recording the same thing into each microphone and trying to compare how they sounded. This one is a really good one. If you do any sort of recording of any sort, I would highly recommend it.

Pete Mockaitis
How about a favorite habit?

Josh Kaufman
Favorite habit, so I am,  in the process of really firmly establishing a strength training routine. I have been exercising with kettle bells, which I love for all sorts of different reasons. They are inexpensive and compact. I used to live in New York City, so I could imagine myself having this in my former 340 square foot apartment. You can get a really excellent workout in about 25 minutes. In terms of return for your time and effort invested, it’s really high. You don’t have to spend hours in the gym every day.

Pete Mockaitis
Is there a particular nugget you share that really seems to connect and resonate with folks? They keep retweeting it and quoting you back to you.

Josh Kaufman
I think that one of the recent ones, which was related to Hydra, is about the idea of exploration. By virtue of doing it, you’re kind of committing to wandering lost in the woods for a while if that makes sense. So many of us feel really bad when it’s not immediately obvious where we should go next or what we should do next.

Part of understanding that this is an adventure and that adventure requires exploration and exploration involves being lost for a while. That’s something that a lot of people have seemed to find very useful recently.

Pete Mockaitis
If folks want to learn more or get in touch, where would you point them?

Josh Kaufman
Best place to go is my website, JoshKaufman.net. From there you can find links to the various websites for The Personal MBA, The First 20 Hours, and How to Fight a Hydra.

Pete Mockaitis
Do you have a final challenge for folks seeking to be awesome at their job?

Josh Kaufman
Sure. We’ll go back to our conversation about defining very clearly what you want, what that looks like, what your day-to-day life looks like when you get it, what you’re going to be able to do when you reach the level of skill or development that you’re looking for.

The more clearly you’re able to articulate to yourself what you want, what that looks like, and very importantly, what you’re not willing to do in order to get it – so are there lines you won’t cross, are there tradeoffs that you’re not willing to make? The more you are able to understand the full details, the full scope of what you’re trying to get, the easier it’s going to be for you to figure out how to get it and figure out what you should do next.

Pete Mockaitis
Well, Josh, this has been a load of fun. Thanks so much for sharing your expertise with us and you’re lovely sound over on the microphone.

Josh Kaufman
Thanks.

Pete Mockaitis
I wish you tons of luck with the hydra fighting and all you’re up to.

Josh Kaufman
Pete, this has been great. Thanks so much for inviting me.

369: Avoiding The Perils of Workplace Technology with Dan Schawbel

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Dan Schawbel says: "When you replace emotional connections with digital ones, you lose the sensation of being present and the feeling of being alive."

New York Times bestselling author Dan Schawbel discusses appropriate uses of technology and how to find fulfillment in your career.

You’ll Learn:

  1. How to set career expectations
  2. Three tips for increasing productivity and improving work relationships
  3. How (and when!) to use technology to improve relationships

About Dan

Dan Schawbel is a New York Times bestselling author, Partner and Research Director at Future Workplace, and the Founder of both Millennial Branding and WorkplaceTrends.com. Through his companies, he’s conducted dozens of research studies and worked with major brands including American Express, GE, Microsoft, Virgin, IBM, Coca Cola and Oracle. Dan has interviewed over 2,000 of the world’s most successful people, including Warren Buffett, Anthony Bourdain, Jessica Alba, Arnold Schwarzenegger, and me! He is the host of “5 Questions with Dan Schawbel”, a podcast where he interviews a variety of world-class humans by asking them 5 questions in less than 15 minutes. In addition, he has written countless articles for Forbes, Fortune, TIME, The Economist, The Harvard Business Review, and others that have combined generated over 15 million views. Schawbel has been profiled or quoted in over 2,000 media outlets. He has been recognized on several lists including Inc. & Forbes Magazines “30 Under 30.”

Items Mentioned in this Show:

Dan Schawbel Interview Transcript

Pete Mockaitis
Dan, thanks so much for joining us here on the How to Be Awesome At Your Job podcast.

Dan Schawbel
I’m very excited to be here, my friend.

Pete Mockaitis
I want to hear the story you recently conquered your fear of heights in Costa Rica. What’s the back story there?

Dan Schawbel
I was really anxious going to Costa Rica. I was watching all of these videos on YouTube of people canyoning and zip lining and I had so much fear. I’ve been afraid of heights my whole life.

My friends that I went with, they’ve done some crazy things in their life. My friend, Pete, he has zip lined in … places in the world. My other friend, we call him the crazy Russian, Slava, he’s bungee jumped, he’s jumped out of a helicopter, he’s done some crazy stuff.

And so, just going with them and knowing that I would be really pushed out of my comfort zone, gave me a lot of anxiety. And I have a lot of anxiety as is, so it just … up a notch.

I finally just gained the courage. I’m like, “Let’s do this. When am I going to go to Costa Rica again?” So we land, the next morning we go canyoning first. It was really intense because when you go in this canyon, you have to propel down these massive waterfalls. The first waterfall is like eight feet, but the second one is almost directly after that and that’s 150 feet. And I’ve never done this before.

And what I did was I went first because I knew the more I would wait, the higher my anxiety would be, more … I would be. I would always go first and that’s how I got around that fear is, “Hey, I’m just going to get this over with.” In many ways that’s how I’ve handled a lot of situations in life. I just replicated it in terms of to beat the fear.

A few days later we went zip lining and that was … the biggest and tallest zip lines in all of Costa Rica. I think one of the zip lines was a mile long. They would tell us that if you get stuck on the zip line, because you’re not going fast enough, then you have to crawl yourself back. maybe it happens a few times a year, but to me that builds up so much fear because what if I’m the person. What if I’m stuck and I’m looking down and you see the rainforest and the jungle and you’re like, “Oh my God, let me live through this.”

What really helped with the anxiety was going before my friends, but because it was a 75-year-old woman and five little kids who were zip lining with us. I was like, “Oh, if they can do it, I can do it.”

Pete Mockaitis
Oh yeah, that’s encouraging when the elderly pull it off. Great to hear. You did it. How do you feel?

Dan Schawbel
I feel good, but I’m also not ready to sign up for it again either.

Pete Mockaitis
Well, it also sounds like you’ve got your hands kind of full. You’ve got multiple roles going on, founder of Millennial Branding and WorkplaceTrends.com and partner and research director at Future Workplace. Can you orient us a little bit, what is your job, your thing, what do you do?

Dan Schawbel
For the past month, I’ve really come to the conclusion that I’m just a curious person who asks a lot of questions. I’d start there, because since 2012 I’ve conducted over 40 research studies, including this new one for Back to Human, the new book with Virgin Pulse.

I’ve raised hundreds of thousands of dollars. I’ve surveyed over 90,000 people in over 20 countries, and I do all the questionnaires, so I’ve had to think of many, many, many, many questions through that.

Then I’ve also interviewed over 2,000 people one-on-one. These are anywhere from professors to authors, to astronauts, to Warren Buffett, Donald Trump, a wide variety of people and each of those interviews is five questions …. It’s really about learning as much as I can from people and through data and create and … those stories through the media, through books, and through everything else I do.

So that’s the core of what I do is ask questions. I’m also you could say an entrepreneur. I’m partner … Future Workplace. I do all the research through them, but we also put on four events every year, two on the east coast of America, two on the west coast. These events are for heads of HR companies that we serve. We also have an AI course and we do workshops as well.

Aside from that, I’m … Millennial Branding, so that’s where I do a lot of speaking, and books, and spokesperson, deals with working with companies to get their message across to people my age. I’ve done a lot of media. I’ve written over 2,000 articles.

I’m somebody who has worked since I was 13. My first business was sophomore year of college. I had eight internships between high school and when I graduated college.

I worked for three and a half years at a company called EMC Corporation, which is now EMC Dell. Dell purchased them. I created the first ever social media position there that’s because outside of work I was really early into blogging. I started my own …, everything around personal branding.

Fast Company profiled me and through that EMC hired me internally for the social media position. If you go Twitter.com/EMC and Facebook.com and all those, I did all the original social media accounts back in 2007, so it was really early on in all of this. I’ve watched the whole thing play out.

Then over time, I’ve continued to write. My really true love is I like to focus on organizational behavior, how robots and humans collide in the workplace. I’m very interested in work culture and the labor market at a high level.

I like to see from a macro level what’s … in the economy, what’s happening in the world, are more people being hired, are people losing jobs because of technology, what do retentions rates look like, what – who’s hiring what?

I love all of that because from a high level I know what the market is, so I can give better advice from an individual level … invest their time, what they should major in, what skills they need to develop. But also more corporate standpoint, I understand what skills people have and what they’re looking for in their employers.

For instance, people my age, 34, or younger, they’re looking for flexibility in the workplace. Through the research, through conversations I have I’m able to make those recommendations.

The goal really, my mission is to help my generation through their whole career path from student to CEO. The first book, Me 2.0, helped them get from college to first job. The second book, Promote Yourself, is first job to management.

Then Back to Human is a leadership book for the generation because over … percent of people my age have a management title and above and about 5% have a director title and above, so to me this is the best time to help engage the next generation of …. And you know, for me, myself, I consider myself a leader in this space. I’ve been supporting this generation since the early days, the early 20s.

Pete Mockaitis
Cool. All right, that’s plenty. What’s your book, Back to Human, all about here?

Dan Schawbel
The thesis is that technology has created the illusion of connection when in reality, … using or misusing it, we are isolating ourselves to a more lonely, less engaged, and less committed to our teams and organizations.

People can all relate to this. The average person checks their phone every 15 minutes. We tap our devices over 2,600 times a day. We’re constantly using the technology. We’re not even thinking about using it. You see this everywhere we go.

Now, even though the book hits technology really bad, it does it to make bigger points about how we’re using it and when we’re using it.

For instance, you could use technology in order to discover people who might live in your neighborhood or your city so you can connect with them, but when you connect with them try and do it in a meaningful way on the phone or in person so you get to really know someone and form a stronger bond.

This happens in the workplace too. If we’re constantly using and abusing technology and thinking it’s going to solve all of our problems, it’s really not. It’s going to actually isolate us and bring us further apart.

You cannot solve an argument between two employers by texting. That’s just not going to cut it. It creates misunderstanding. One, face-to-face interaction is more successful … 34 emails back and forth. Instead of emailing someone constantly, hoping they understand you and know what to do next, all you have to do is walk four feet and actually talk to that person.

Because of the overuse and misuse of technology in our society and in the workplace, people are using it as a crutch and avoiding face-to-face conversations that are necessary in order to establish relationships that are required for long-term success and happiness.

Pete Mockaitis
Can you point to I guess a little bit of the mechanism or the line of causality or the evidence that says, that hey, this technology is in fact causing isolation and disengagement?

Dan Schawbel
Yeah, it’s actually in the study I did with Virgin Pulse of over 2000 managers and employees in 10 countries. We found that almost 50% of an employee’s day is spent using technology to communicate over in person. What’s happening with those employees is that they feel lonely … very often as a result of overusing that technology.

This is a big issue, especially in a world where … is much more dispersed. You have more people working from home than ever before. A third of the workforce works from home, but two-thirds of those people are disengaged because if you’re always working from home the whole time – and I work from home, it’s been almost eight years working from home you can become isolated and lonely because you’re not … human contact.

What’s really fascinating is we focused on all the benefits of working from home and … tons of research around the benefits that you get, the freedom of flexibility, you save commuting cost, but not enough people are talking about the drawbacks. The big drawback is that you feel isolated, lonely, and potentially disengaged.

We have bigger conversations around the full picture of this because sometimes people lie to themselves. They’re not consciously thinking about how working from home isolates them and impacts their health and wellbeing, which impacts productivity.

It’s like everyone talks about the glory of loving what you do and being passionate about what you do for work, but if you’re really passionate about what you do, it could become an addiction and actually isolate you from others because all you’re doing is work.

There’s the good and bad for everything. Part of what I want to do with this book is to reveal and make people more conscious of how and where they’re using technology and to try and make better decisions about that.

Pete Mockaitis
Yeah, I guess what I’m wondering is the extent to which the working remotely thing is causality versus correlation in so far as some people who want to work from home are already, aren’t super attached to their coworkers. They won’t miss like, “Oh, I’m so sad that I will not see these people on a regular basis,” as opposed to it’s causing it like, “Oh man, I’m out of the loop.”

Are you talking about people who are working entirely remotely or sort of the once or twice a week work from home crowd?

Dan Schawbel
I’m talking about entirely working remote.

Pete Mockaitis
Got you.

Dan Schawbel
If you work remote, you’re much less likely to want to long-term career at your company because you don’t have emotional attachment to the people you work with. You’re never there. You’re out of sight, you’re out of mind, which actually limits your career prospects.

It’s like Jack Welch used to always say when he was the CEO of GE, “Face time matters.” If you’re out of sight, you’re out of mind. You’re less likely to get a promotion.

Pete Mockaitis
Okay, got you, so these are fully remote workers.

Dan Schawbel
Yeah, so I’m talking about a fully remote worker. A third of the population works remote always or very often. It’s happening. Look at a company like Aetna. Over half the workforce works remote full time.

Other companies fall into this as well. That’s why you see this big backlash too. You have Yahoo, BestBuy, Reddit and various other companies like Honeywell that have forced employees to come back into the office. Now, they’ve forced employees to come back to the office full time, whereas Aetna says, “Hey, you can work remote fulltime.”

What I’m saying is more or less what you’re … to get to is let’s … extremes here. Let’s kind of meet in the middle and let’s customize work based on your individual needs.

It’s crazy. I interviewed 100 young leaders for my book, at least … of them are having kids this year. There’s a million new Millennial moms per year. If you’re having kids, you need some degree of flexibility. As if someone’s single or someone’s older, the benefits they need and the work they want is going to be a little bit different.

You’re going to care much more about retirement benefits if you’re 60 than 23. You’re going to care about flexibility in some regard regardless of age, but if you’re younger maybe you want flexible hours or telecommunicating, where as if you’re older, you want some other degree of flexibility. Like if you have kids, you want parental/maternal leave. That’s becoming a really hot benefit for many. Netflix gives unlimited.

I think it depends where you are in your career lifecycle, what you’re looking for at that time, and what your needs are, and then having a company and a manger step up and really lead by exhibiting empathy and understanding your situation, trying to create a good situation for you.

Pete Mockaitis
Okay. Then digging into some of the content of the book, you sort of suggest starting off by focusing in on fulfillment. What does that mean and look like in practice and what are some of the alternatives that people focus on instead?

Dan Schawbel
Great question. Life is too short and … work too many hours not to be fulfilled at work. The average work week is 47 hours for a fulltime salaried employee and 43 for an hourly worker. We’re spending so much time at work.

Anytime I stand in front of an audience of 50 to 6,000 recently, I always say, “How many of you respond to work emails on vacation?” It’s like 99% say they do. We’re always kind of working now. There’s an expectation, especially in the United States, that we’re working 24/7, which can be unhealthy and lead to burnout.

But the reality is if you do not like your work or you have a toxic work environment, where you don’t get along with your colleagues and manager, it’s going to affect your personal life.

This is why I put such an emphasis on improving the workplace, making people have healthier work environments because if you don’t have a good employee experience, it’s bad for the company, and it could be bad for your relationship with the people you’re closest with because you’re going to be complaining about work outside of work all the time.

Pete Mockaitis
Right, yeah.

Dan Schawbel
I put a huge emphasis on this. What I said in the book is you really have to focus on your fulfillment first. It’s like if you’re on a plane, they always say take care of yourself before you – if there’s going to be a crash, take care of yourself before your fellow passengers.

Same thing with fulfillment, you’ve got to get your stuff right because then you’ll be optimistic, you’ll be happy, you’ll be able to inspire and support people at a higher level. You’ve got to get your stuff right first before you help others.

The best way to start doing this is defining what makes you fulfilled. Think about what you’ve enjoyed in the past, what you think you’re good at, your values, what your previous accomplishments and experiments tell you. Really zone in on what you’re supposed to be ….

By the way, this doesn’t happen in one day. It’s not like you wake up and magically you know what makes you fulfilled. It’s being thoughtful. Taking notes. A lot of people keep journals now. I think that’s really smart, to write down how you feel when you do certain activities. Really narrowing that down is so important.

Then I think what happens in our society is people get distracted by technology. They get derailed from their own fulfillment. They try and live up to the expectations of others when we really have to take a step back and focus on ourselves and then our team second.

Pete Mockaitis
Okay, a couple things I want to dig into there. One, I’m a sucker for data. That 47-hour figure, so this is in the United States, those who are full-time salaried position.

Dan Schawbel
Yup.

Pete Mockaitis
So that does not include the commute. That is just straight up work time.

Dan Schawbel
Straight up work time.

Pete Mockaitis
… further.

Dan Schawbel
That’s by Gallup. That’s a Gallup study from 2014.

Pete Mockaitis
Got you. I’m wondering if it’s the mean or the median, but I’ll look it up on my own. Either way, it’s striking. 47 is a lot more than 40.

Dan Schawbel
Oh here’s another one for you. A third of people work on weekends.

I’m a data nerd, by the way. I’ve reviewed – I’m getting closer to over 8,000 research reports since I was a recent college graduate, so I’m really invested in this.

I have catalogued all the research over the years because I’ll tell you why I like research so much because when I was younger, there was so much ageism because I had a career blog. People were like, “What do you know about having a great career? You’re 22!” I stated early. I learned how to – internships, get a job, sell myself, build my personal brand. I knew that all early on.

It’s still a lot of ageism. I used data in order to combat ageism. “Hey, you don’t believe me? I’m going to point to data that you trust, so you now … be more seriously.” I always use data as a way to deflect ageism.

Pete Mockaitis
Oh yeah.

Dan Schawbel
And then … 2012 I had a great opportunity to analyze four million Millennial Facebook profiles. That campaign went well. Then I’ve just been addicted to data ever since because it’s … almost like you’re an archeologist and you’re digging up the next dinosaur bone. For me it’s I want to find something new, discover it, and bring it into the world, and distribute it to others so it benefits them.

From a corporate standpoint, from an individual standpoint, I think data is extremely valuable in today’s society when everyone’s thinking about the ROI of everything and also just to really identify what’s really happening in the pulse of the workplace.

Pete Mockaitis
Oh yeah. I’m right with you there. I don’t remember who said it. I think it was when I was learning to become a consultant at Bain. They said, “The only thing you can really rely on to be heard and credible and persuasive when you look so young and don’t know diddly yet about the industry is a fact.”

It was like, “Yup,” sure enough, a fact is a fact. They go, “Huh, okay. Well then that’s something that we’re going to work with a little bit.” As opposed to your opinion and you’re pontificating on how things should be when you’re not yet trusted for your pontifications. So I’m right with you there on the data.

Tell me when it comes to focusing on fulfillment, could you maybe set a little bit of an expectation on the grand scheme of fulfillment, I think it’s fair to say that no job will fulfill your every wish, want, desire, and need for that to bring about fulfillment and happiness in your life.

At the same time, I think there’s plenty of room to keep the bar higher than, “Well, you know, it’s a job. It’s a job and they pay me.” What do you think is sort of acceptable and to expect from a career versus asking for too much or too little?

Dan Schawbel
What I would say is it’s trial and error. What’s really interesting that I’ve been thinking about over the past year is no one has this all figured out. We’re all tweaking our careers. We’re pivoting. We’re learning more about ourselves as we experience new jobs and new projects.

For me, it took me a while to figure out what my mission was. I started young, of course, that helped, but I didn’t really put all the pieces together in my head until maybe three years ago when I came up with my mission statement that I put on my website. I now say I love research more than anything else. That’s why I’m like the chief question officer in a way because that’s a really key part of research in many ways.

I think you identify what makes you fulfilled based on self-reflection, based on feedback from others, and just being around people who give candid feedback, not ones who are yes men or yes women, people who are going to be real honest with you.

When I interact with pretty successful people in my network, a lot of them don’t get the best advice and get the best feedback because they’re getting complimented all the time because they have leverage in their careers. I stand out because I’m willing to give them criticism in the most genuine way possible and because of my track record, they take it seriously. Then they’ll take some of that advice to heart ….

I think you just need the right people around you who are going to be honest and if they see you doing something wrong or they see you unhappy, to just have them be honest and be like, “Oh, I see that you’re unhappy. This is not exactly what you should be doing or how you’re doing it.” Sometimes you might be in the right position, but doing the work in the wrong way, which will turn you off from doing the work and make you feel unfulfilled.

A lot of people give up quick, especially in today’s society. Everyone wants instant gratification. They build up all of it in their head that this job is going to be perfect and they’re going to be so happy. They’re unwilling to work to ensure that they have maximized their day … fulfills their personal and professional needs and are fulfilled overall.

I think that you can’t just rely on the company to … fulfilled. You need to be responsible for doing that and working within your company to make that happen. That could mean doing projects outside of what you’re hired to do. It could mean that you change the nature of your work and working in a lounge versus a cubicle because maybe that gives you more inspiration.

It could be you changing how you get work done or who you work with. Maybe your group is not the right team for you at work as a leader. Maybe you need to manage a different team.

And things change too. What if your employee quits? Then you’ve got to hire someone else. Or what if you get laid off? Then you’re looking for another job and you’ve got to maybe reinvent yourself because people aren’t hiring those with your skillset that was valuable three years ago, but it’s not now.

It’s a constant work in progress. I think people should do their best. I think people should reflect often and surround themselves with people who will be candid with them.

Pete Mockaitis
Okay, lovely. Thank you. I want to talk a little bit about some of your perspectives on how you’re doing the work. Let’s talk about the work/life balance. You say it’s a myth and we should look at work/life integration instead. What’s the full story here?

Dan Schawbel
Yeah, just based on how work is being done these days. It’s happening in the office. It’s happening remote. It’s happening in co-working spaces, at coffee shops. It’s all over the place. It’s very decentralized. It’s hard to know when to cut off work and when to do personal things. It’s becoming ever more blurred. But our personal and professional lives are very blurred because of technology.

Again, what I was saying before. It’s like you’re kind of always working even if you’re not at a physical office. Because of that we have to – we need a new solution because … is no longer effective like it was for our parents and our grandparents.

What we need to think of is work/life integration. Jeff Bezos calls this work/life harmony. The now former CEO of … when I interviewed her, she called this work/life integration as well and so has several other people in my network that I talked to because it’s all about taking the responsibility and accountability to say, “Okay, these are the five personal and professional things I need to do this day.”

Then carve out your schedule so you’re able to do those two, three, four, five things. It’s on you to figure out how to integrate the things that you need to do … fulfill you personally and professionally, not anyone else because only you know this. I think that’s really important.

Like for me, I’ll be doing this podcast and then in two hours I’m going to an event. I’m meeting friends there. Even though I’m going there for professional reasons, it’s also to be with my friends. Almost like as an excuse to see them. I’m constantly trying to figure out how to parley my personal and professional life together.

Like I’m going to LA and when I’m there I going to be doing some media for the book, but at the same time, I’ve already contacted some of my close friends who live there … dinners and lunches and get-togethers. So, it’s constantly figuring out how to make it work on a regular basis and blocking off times so that you’re fulfilled in both areas.

Pete Mockaitis
Any pro tips on any sort of powerful requests to make bosses or boundaries to set that for many people can make a world of difference?

Dan Schawbel
This needs to almost happen when you’re being interviewed. Just asking questions about from the employer’s standpoint, what are they looking for in work/life balance.

Then from the individual standpoint, just talking about the type of environment you work best in. If you really work well remote and then the hiring manager is like, “Well, we don’t let anyone work remote even for an hour here,” it’s probably not the company you want to work for.

It’s really having the conversations before you can start work so that once you know what you’re able to do and you accept that job, the expectations will hopefully be met. Rather than hoping it all works out when you already have a job, try and do it as early as possible in the hiring conversation.

If you already have a job and you’re like, “Okay, I’ve got to have this conversation,” it’s really about blocking off time with your manager and just seeing what the possibilities are and what the comfort level is. Because at Aetna for instance, they let employees work remote full-time, but they have to be at the office for the first six months to prove themselves.

Pete Mockaitis
Got you.

Dan Schawbel
You’ve got to earn the right to work remote full-time by showing that you can take the responsibility and do the work and deliver results.

Pete Mockaitis
Okay, got you. I also want to get some of your takes on productivity, shared learning, optimal collaboration. Can you give us some of your favorite tips and do’s and don’ts in this world?

Dan Schawbel
Oh boy, this is a big one. The shared learning chapter is become very popular because I think there’s so much learning that needs to happen now. You look at the way skills are now, the average relevancy of a skill is only five years. In order to keep up with the fast-paced business world we live in, we have to rely and support each other by sharing what we know openly.

Being a hog of information is going to lead to a shorter-term career that’s not going to be as fulfilling. If you’re more open to share, and you’re more open to accept the knowledge that other people have and train them, but also ask for help, you’re more likely to succeed because everything is in real time right now.

Information is moving fast. Things are changing. Companies are being acquired, merged. There’s layoffs. There’s new skills that are entering the arena, like artificial intelligence skills. If you’re able to work as a team collectively and lead a team where people are just helping each other, that team is going to hold strong. They’ll have stronger relationships, which will lead to higher performance.

The other thing I’ll say is for optimizing your productivity, again, technology can be good or bad, but when it comes to optimization, you can do a lot of things that save time, like use conference room booking systems or even your own calendar to block off time on people’s schedules so that you have time to meet people, be prepared for meetings so that you can facilitate or catch up with your colleagues. I think that’s really important.

Like I was saying before with work/life integration, use your calendar to block off time for meals, time for breaks. For every 45 minutes or so of work, you should take a 10- to 15-minute break. That’s what the research shows. I think that you need to do what’s right for you, but there are certain best practices that can help you, like having … environment that’s optimized so that you avoid distractions and you can concentrate on the work at hand.

But then also getting out. A lot of people have lunch at their desk and they should be having lunch with their colleagues so they can form stronger relationships.

Again, this really has to do with the pressure that employees are being put on right now because people are working harder than ever before for no additional money, so there’s this constant anxiety that people have that they have to always be working. But that leads to burnout and lower productivity. So I would avoid that.

Instead, I would really think about how you can at least one or two times a week have lunch with your colleagues, just so they’re seeing you, they’re hearing you. You can bounce ideas off them. The best ideas that I always get are when I’m talking with other people. I literally get my best ideas in conversations.

If you’re staring at your computer all day, you’re probably not going to be as creative. But if you are in new surroundings with new, diverse people, it’s going to inspire you.

Pete Mockaitis
Absolutely.

Dan Schawbel
I would say training people is really important. Sharing articles among your teammates. Anytime I see an article that would benefit my team with the artificial intelligence, I see it and I share it. I don’t even think twice because I know what my … want and I just keep delivering because then they’re going to be more prepared for their meetings.

Every morning I’ve had the same habit, which I think is extremely effective in what some of your listeners could take advantage of is I review all the latest research and trends in my own space every day. Then when I have meetings during the day or I’m speaking or I’m doing something, I’m or I’m … at things that I learned about four hours before.

I become extremely relevant because I’m always looking at these trends regularly. Things are changing so fast, so I almost can’t avoid doing that now. But by learning a lot, by sharing that knowledge and keeping up to the pace with things that are changing, you’re able to offer more, be more relevant, and smarter in your field.

Pete Mockaitis
Okay, cool. Well, Dan, tell me, anything else you want to make sure to mention before we shift gears and hear about some of your favorite things?

Dan Schawbel
Yeah. I think what I’m trying to really do is make people more conscious of how they’re using technology, not disregard human interactions.

The biggest thing that gets in the way of person-to-person human interactions is email. We’re sending way too many emails. Many times it just doesn’t make sense. You see a lot of my friends, they have hundreds of emails they haven’t even answered, which many could have been avoided by just one phone call to be honest.

We’ve dropped phone calls. We’ve dropped voice mails all for texting. We’re sending so many texts every day and it’s not getting us anywhere. Not all progress is true progress in my opinion.

That’s not to say technology can’t be good. Early in my career, I used technology to forge an incredibly big, vast great network, but it wasn’t until I started to meet those individuals in person where the real relationships prospered and became something more noteworthy.

For this book, when I was interviewing … leaders, it started off as me interviewing them, then us having a Facebook group to just share updates, but then what I did was I used the Facebook group to meet them in person all across the country. They came on a book tour with me.

I think that is a good case of going back to human, where the technology was used in the right way. It’s used for initial contact and used in order to get everyone on the same page with … and same vision, and then using in-person conversations and phone calls to really get to know people … and go with them.

Pete Mockaitis
All right. Got you. Thank you. Now can you share with us a favorite quote, something you find inspiring?

Dan Schawbel
I think the best quote in the book is “When you replace emotional connections with digital ones, you lose the sensation of being present and the feeling of being alive.” Other quotes that I really love that I said over the years are, “Learn from yesterday, live for today, and build your own future,” and “Invest in yourself before expecting others to invest in you.”

In terms of books, I’d recommend books that my friends … Dream Teams by Shane Snow, The Creative Curve by Alan Gannett, Superconnector by Scott Gerber and Ryan Paugh. These are all people I know personally, so it’s easy to recommend books because you trust them and what they’ve written.

I would say for the biggest challenge is the next time you’re in a meeting, have you and your teammates all put their phone in the middle of the table for the entire session and see what happens when you do that. You’re going to see what conversations take place, see what ideas are brought to the – brought up. Take notes. Then compare that to a meeting where phones were accessible and people were using them.

Pete Mockaitis
Okay, great. Thank you. If folks want to learn more or get in touch, where would you point them?

Dan Schawbel
Yeah, you could go take the self-assessment that’s in the book. It’s called WorkConnectivityIndex.com. It measures the strength of your team relationships. You can also listen to my podcast, Five Questions with Dan Schawbel, where I interview all sorts of people from Condoleezza Rice to Ann Jones, Richard Branson and five questions in under ten minutes, so quick, but you learn a lot by listening.

For everything else you can buy Back to Human on Amazon or Barnes & Noble, your local bookstore. Go to DanScawbel.com to follow all my research and articles.

Pete Mockaitis
All right. Cool. Well, Dan, thanks so much for taking this time and good luck with Back to Human and all that you’re up to here.

Dan Schawbel
Thank you so much. I appreciate it.

363: Three Ways to Increase Your Pay (and Make it Go Farther) with Andy Hill

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Andy Hill says: "There's an intrinsic pride that comes in there with having your money situation set."

Andy Hill shares how he got his pay bumped in three different ways…and how to keep that money from flowing out.

You’ll Learn:

  1. How to figure out when you should change companies
  2. Tips to boost the trait that helps you get a pay bump
  3. The best mental trick for saving money

About Andy

Andy Hill is award-winning corporate event marketing professional that has managed programs for luxury brands such as Gulfstream, Bentley and Audi of America. During his 15-year career, he’s grown from entry level to Director level by exceeding his client’s and his management’s expectations each year.

Andy also hosts a podcast called Marriage, Kids and Money that helps young families grow their wealth. The podcast was nominated by Plutus as “Best New Personal Finance Podcast” in 2017. He has partnered with brands such as Quicken Loans, Credit Sesame and Tomorrow to spread a message of financial wellness and security. 

His podcast and blog can be found at MarriageKidsandMoney.com and you can connect with Andy professionally on LinkedIn at https://www.linkedin.com/in/andrewrussellhill  

Items Mentioned in this Show:

Andy Hill Interview Transcript

Pete Mockaitis
Andy, thanks so much for joining us here on the How To Be Awesome At Your Job podcast.

Andy Hill
Pete, thank you so much for having me, man. This is awesome.

Pete Mockaitis
Oh boy. Well, I’ve been looking forward to having this chat for a while, and I think I want to start where the conversation really needs to start, which is your role in an ‘80s cover band.

Andy Hill
Oh, you did dig deep, didn’t you now? Okay. So, in my 20s…

Pete Mockaitis
Aren’t you still in your 20s? You look so youthful and handsome.

Andy Hill
That’s just the picture I still have on there. It’s totally 10 years ago. Overall I just like to try random things every five or six years just to kind of shake things up a little bit. So, I had an opportunity to go into an ‘80s cover band with a few of my friends. I was out at the bar, drinking and having fun and doing karaoke with one of my buddies, and maybe he was drinking too much, but after we finished our little set there, he goes, “Hey, you’re not too bad. We should start an ‘80s cover band.” And I was three sheets to the wind or five sheets to the wind, “Whatever you say.” And I said, “Oh yeah, let’s do it.”

So, he could play the guitar, I could sing, kind of. Then we found a random dude on Craigslist that could play the drums, and we were all set, man. So we started booking the local dive bars, after we practiced for about six months learning all the great ‘80s songs, ‘90s songs. And honestly, Pete, it was probably one of the most fun things that I’ve ever done in my life. Getting up there, making a fool of yourself, having some fun with your friends. And we blew some of these dive bars away, because we’d get a slot booked at like 1:00 am on a Wednesday night, and we would pack the place – something like 45 people there that’d be like, “You could come back whenever you want.” They don’t even care how we sounded, but no, it was probably one of the best things I’ve ever done in my life, honestly.

Pete Mockaitis
Oh, that is excellent. There really is just a thrill associated with performing and being in that groove. So, that’s really fun. So what was the name of the band?

Andy Hill
It was called Vermont Response. The street that we lived on was called Vermont, and it was sort of our response from living there. It was kind of lame, but it was fun.

Pete Mockaitis
And how would you characterize the message of that response?

Andy Hill
It was epic, I would say, mind-blowing and transformative. Talk about those for some career awards for you.

Pete Mockaitis
Those are nice. Speaking of things that are epic, mind-blowing and transformative, you’ve got a podcast that checks those boxes, called Marriage, Kids and Money. What’s the show all about?

Andy Hill
So again, in the spirit of trying random new things every so often, I started a podcast a couple of years ago because I wanted to start a conversation with young parents who want to build their wealth and give their families the best life possible.

Pete Mockaitis
Hey, that’s me.

Andy Hill
Exactly, exactly. You’re a young father, you’ve got a nine-month-old and you’re married and you’re looking at building your wealth, so you’re my exact demographic, my friend. I wanted to start that conversation and gather some like-minded individuals who want to figure out how to grow their wealth. But also it’s an opportunity for me to interview some really smart people who are millionaires, entrepreneurs that are doing so great by their family, and I get to share all those incredible nuggets with everybody who’s listening. So, it’s been a real treat for me, and the podcast has had some good growth over the past couple of years.

Pete Mockaitis
Excellent. Well, kudos and congratulations, and thank you for inviting me on the show. That was a good time. What really caught my eye about you and the show is when we met back in Podcast Movement over in Philadelphia. You had a few specific things you did that bumped up your income in the course of doing some smart career planning and maneuvering. And so I thought, “This is perfect”, because that’s one of the things my listeners are into, is making some more money from being awesome at their jobs. So, could you lay it out for us? What’s your story, and how did you do it?

Andy Hill
Yeah, so I’ve been in the experiential marketing world for about 15 years. So experiential marketing, just so you know, it’s anything that’s in-person manifested marketing for a brand. So instead of a TV commercial or an online ad, this is the stuff you’d see in-person, and call it like a conference or a trade show or a business meeting. That’s the type of stuff that I’ve been doing for the past 15 years. So, within that industry, I’ve had an opportunity to grow my salary in three key moments throughout my career. And I thought that would be kind of fun to share with your listeners today.

Pete Mockaitis
Please do.

Andy Hill
So a time, again, in my late 20s – and I’m very glad that you think I’m still in my 20s, thank you for that – I had the opportunity to go from manager to director. So this was a promotion opportunity within the company that I was in. And there was a position that was open. It had been vacated by somebody who was not on the team anymore. And I was in a more junior role, but I had developed a good reputation, working, going above and beyond my expectations both with my clients, as well as my management.

So, when that opportunity arose, I jumped at it. I expressed my interest, I set aside a time to speak with the president of the company and tell them why I would be a good fit, all the things that I had done up until that point, my experience with the client. And this was a coveted position at the time, so I wanted to do my best and put my best foot forward for it. So, I applied, I went through a review process, an interview process, and I got the job.

And with that, since I was a young whippersnapper, I didn’t think that they were going to probably give me the dollars that I thought were required for the position, because I had an idea of what the person who was in the position before was making. So, I made a suggestion on salary and they met me in the middle. But it was essentially a 46% increase in my salary, which when you’re not making a lot, that, call it a 3% increase can be very little.

So, if you get the opportunity to go from a manager to a director position, what I did is I tried to understand the landscape of what a director was making in that position, and I made the request for that salary increase, knowing the responsibilities that were going to be associated with it, the hours that were going to be associated with it, that travel that was going to be associated with it. And I was able to get that increase. So, that was the first bump up that I had within my first company at the same company.

Pete Mockaitis
Okay, very cool. So let’s dig into the magic behind it then. I guess you already had some good foundational points to work with, in terms of you had already been proactively overdelivering for clients and for management. And then when you saw the opportunity, you didn’t just click, click, apply. You went after it with some gusto, in terms of talking to the president of the company, saying that you’re very interested in it and making your case. And then you also did some proactive research, in terms of getting after what is the number, so that you can proactively suggest it and do some anchoring, as opposed to letting them just do what they cared to do with that number.

Andy Hill
Absolutely. And I think that since I was my best cheerleader… I know that sometimes the companies are doing their best to make as much money as possible, and yes, give fair raises or fair increases in salary, but you have to be your own advocate. So I was in that case, and that really helped.

Pete Mockaitis
Excellent, cool. Alright, so that was one good move. And you had a couple more.

Andy Hill
Yeah, a couple of years later. So that was 2010 when that happened, and 2013, about three years later, I had the opportunity to go from one company to another. So this is another opportunity when you can make more money in your career. So, I was very active on LinkedIn. When I say “active”, I mean I consistently shared information about my industry, information about my company, I constantly updated my profile based on experience that I had, awards that we were able to win as a company, and my volunteer efforts, things like that. So I wanted to be out there and create conversations.

Pete Mockaitis
So when you’re talking sharing – like every day, or what kind of frequency are we talking about here?

Andy Hill
I typically do about two times per week, and I’ve read some articles, I think HubSpot recommends no more than five times per week, just because it gets a little bit overdone, and also based on LinkedIn’s algorithm it touches quite a bit of your network between that two to five number per week. So, usually I take an opportunity to talk about my company’s services or my business accomplishments, things like that, that are relevant to keep people in the know about what’s going on, what’s going on with Andy, what’s going on with my company. And that helps keep the information going.

Pete Mockaitis
And in your world of experiential marketing, you are in a sales or business development function?

Andy Hill
Correct, yeah. So, another reason for me to put ourselves out there. I’m going put my company out there because we are constantly trying to earn new business. So that’s a big part of my role.

Pete Mockaitis
Okay, understood. So, you rocked at the LinkedIn, and what happened?

Andy Hill
So, I get contacted by a recruiter. And I really wasn’t actually looking to make a shift at that point, because I was pretty happy with my role. I was doing pretty well in it, and growing the business. But I took the call anyway, because I was interested in understanding what am I worth out there, what other opportunities are there out there, because it’s not bad to make a change every once in a while. So I got an offer from a competing company. I was at maybe a 30 or 40-person company, and then the company that was offering me the job was essentially the largest experiential company in the world. So I said, “Oh yeah, I’ll take that conversation. I’ll take that call.”

And through that conversation and the negotiations that went forward, I had the opportunity to make about 25% more than what I was making at that point. And luckily, at that same time I got two other offers on LinkedIn, at the same time. So, I essentially had three offers in front of me at one point, on one weekend, when I could review them with my family and make a decision that would obviously impact where we would go as a family, but also our income level. So, based on reviewing those three offers, I decided to go with the original offer because I was very excited about that company, working with the industry leader.

And at that point I let the other two companies know; one of them said, “Congratulations, good luck. We could never pay you that.” And the other said, “We’ll match it. Come over with us.” And at that point I had a decision to make, but I again stayed with the original offer because I was excited about working with that company. So, I would like to say that being active on LinkedIn and spending a lot of time on there and making my profile well known helped me to get those three offers at one time, because those were all not me seeking them; they were inbound offers from recruiters. So, that really helped me to jump up another 25%.

Pete Mockaitis
That’s cool. So, in the LinkedIn game, do you have any tips, in terms of when it comes to the content that you’re sharing? You could do that well, you could do that poorly. Any pro tips on how do you find and determine, “Yes, this is worthy of my imprimatur, my sharing of this broadly”?

Andy Hill
I try to make it industry-specific, specific to my company or specific to the industry that I’m in, to start to create conversations around that area. I might not be an influencer in experiential marketing, but I at least want to start some conversations that create that type of environment there. And with that, I’ve started some conversations, I’ve asked some probing questions: “What are your thoughts around this area?” And it starts to get engagement from people who are at least partners in the industry or potential clients.

And there’s a lot more people that are engaged on social media than ever before, so you’d be surprised at how much engagement you can actually get from those types of connections. So, I don’t have hundreds of thousands of connections on there; I’ve got maybe 2,500, but over the years that’s really helped me to expand my network, expand conversations, and then really do outreach both on a sales platform, as well as just opportunities like this to get a new job.

Pete Mockaitis
That’s cool. And could you share an example of a probing question? I’m wondering what the hottest, most controversial topic might be, or if that’s something that you shy away from, or something that you go for, like, “Yeah, this’ll get them lathered up!”

Andy Hill
Well, I still feel like LinkedIn is like being in the office. You might not say things that you would say on Twitter or on Facebook that you’d say on LinkedIn. I like to think of LinkedIn like I’m having conversations within the office, so I steer clear of political conversations, religious conversations, anything that might steer people in the wrong directions.

But as far as a probing question, one of our clients is Ally Bank, and I just posted something today about… They had a celebration yesterday for Online Savings Day as essentially a holiday that they created on Monday. So I threw out a probing question based on one of the articles that they had been a part of: “Do you think that you could go all online and not have a brick and mortar bank?” So having conversations like that not only helps to promote my client, but it also starts to create conversations. And a little conversation started to happen out of it. So, people understand who my client is, what we’re talking about within our industry, and then discussions start to happen. So, that’s just a little example.

Pete Mockaitis
Okay. When I mentioned controversy, certainly we’re not going to go, “Do you think Trump sucks? Why or why not?”

Andy Hill
Exactly. There’s some of that happening on there, unfortunately.

Pete Mockaitis
That would be ill advised, I think, as a career pointer, I’d suggest, because you’re going to infuriate half of the people that you’re engaging with. So there’s that. But that is a nice example, because I guess that could be a little bit, I don’t know if “touchy” is the right word, but if it’s a purely online only bank, then they’re hoping the answer for everybody is “Yes.” But not everyone does have that opinion. So, in a way that makes it kind of spicy, kind of interesting. It’s more, I guess, real instead of the polished branded advertisement messaging, in terms of, “We’re going to have a real conversation, in terms of there are some pros and cons about moving in this direction, and let’s hear what people think.”

Andy Hill
Absolutely. It’s fun to see the conversations being facilitated. Sometimes it’s just like a video or an article saying, “Here’s something that our company wrote”, or you just post the article. And that doesn’t really start any conversation or facilitate any conversation. So, I like to ask some questions like that, that are a little bit more engaging.

Pete Mockaitis
Okay, very cool. And so in so doing, you meet some new people and they think, “This Andy guy is pretty sharp. He seems to be plugged in to the right stuff.” And then over time that just makes people think of you when they’ve got an opportunity to dole out.

Andy Hill
Absolutely, yeah. And I’ve even had people reach out to me that asked me to post something on our company’s behalf, as opposed to our company, just based on the engagement that I’ve had on LinkedIn too. So, it pays, it shows, and that gives the opportunity to continue to expand conversations.

Pete Mockaitis
That’s really cool. Do you have any other quick do’s and don’ts for LinkedIn?

Andy Hill
Yeah, let’s see. No, I think we covered it.

Pete Mockaitis
Alright, very good. So then there’s a third step in your rise to wealth, and what was it?

Andy Hill
Yeah, so we touched on the opportunity to get a promotion within your current role, and then moving from one company to another. And then the last one is getting a salary increase in your same role at your current company. And that’s what I was able to do recently as well. So, the steps that I took to make this happen, especially when you get up to a director role and you continue to have more responsibility and expect more out of you for the increased pay – I wanted to not only request the additional salary increase, but I had to show that I was worth it. So for the couple of years prior to that, I worked on exceeding all of my goals and making sure that they were measurable, because sometimes it’s hard to go in and ask for more money if you can’t show how you measurably made change within the organization.

So, with that armed information, I had that actually written down, specifically what accomplishments or what expectations were asked of me, how I exceeded those, and how I did that consistently year over a year. So, I included that not only in an email, but also in a written letter that I in-person supplied to my supervisor, and then also verbally shared those expectations and accomplishments, and had that meeting face-to-face, and did it with confidence, because I was proud of what I had done. And when you’re able to sit down there and share what you feel like you deserve, based on some research that you could do maybe on Glassdoor or some conversations with people who are in your position, maybe at other companies or maybe some people you’re really close with at your company to get an understanding of what the going rate is for your role, so you’re not asking for something ridiculous.

I was able to go in there and have a good conversation, supervisor to subordinate, on what was fair for my role. And based on that conversation and the detail, I had asked for 10%, I got 8%, which was totally fine because I was happy with 8%. So, as you can see, as the roles continue, the percentage decreases just based on where you are and as your salary level increases. At least it has in my case. I’m very happy with that increase though recently. So, those are the three ways that I’ve increased my salary over the years, originally being in the five-figure range to now the six-figure range – from moving internally with promotion, from going one company to another, and then just asking for a straight up salary increase in the same role.

Pete Mockaitis
Well, that’s really cool. And so then, for the request of the salary increase in the same role, it seems like it was very clear what you were doing, in terms of there was some advance notice in terms of, “Hey, here’s the letter, and I want to set up this meeting.” And then away you went. Is that right?

Andy Hill
Right, exactly. Catching the supervisor off-guard maybe is something I didn’t want to do. So I had sent the email beforehand, had a phone call with the person just saying, “Hey, this is a meeting that I’d like to set up with you and discuss further”, so that they had time to think about it. And then obviously after the meeting concluded, it wasn’t like, “Yes, here you go!” There’s some time for the supervisor to consider it and think about it, and then speak to their senior management about it and then go from there. So, having some patience with the process and understanding that it might take a little bit of time is definitely suggested.

Pete Mockaitis
I like your point about the patience with the process, and I’m thinking about a listener who shared a story in which she’s asked a few times for a raise or a title shift because of generating some outstanding results, with regard to acquiring funds for the organization. And it’s really weird, because the response seems to be like, “Yeah, we really appreciate all your contributions. These are really great results. And yeah, we’re very excited and it’s important. But because of this upcoming reorganization or the way the budget is established…” There seems to be a force outside of strictly meritocracy and results generated that seems to slow it down. And I don’t know if you’ve got any pro tips for how do you handle that one and when do you say “Enough is enough” and you start looking elsewhere?

Andy Hill
I don’t know. I think for that person, if it were me, I would really analyze how much do I really like where I’m working. If I really like where I’m working and a raise would make me feel much better about where I’m working – that’s okay. But making a jump to a new company, you’ve got to think about a lot of other things besides just salary. You’ve got to think about your commute – is it shorter, is it longer? What are the benefits are associated with my role? Is there a flexibility with my schedule right now in the company that I’m in, and then the one I have to go to I have to kind of go crazy 10 to 12-hour days just to prove my worth in the beginning? Who’s my supervisor going to be? What’s the work environment like?

There’s lots of other factors besides salary if you were to move to another company. I’m not saying that you shouldn’t, but I would say do it for the right reasons. If you feel like you are kicking major butt and then you are not getting the money that you feel like you deserve and comparing that to some stuff on Glassdoor, maybe some conversations with other people who are in your role – then it can’t hurt to look. We’re in a good economy. Start some conversations.

A great thing to do is even just take some calls from recruiters or have some conversations to build up your confidence being like, “You know what? I am worth this. I’m marketable out there for this rate, and my company is not giving it to me.” So, I don’t know, maybe it’s some internal conversations to say, “How much do I really like working here?” And if you really like working there, outside of some of the salary type situation, salary conversations, it’s something to consider.

Pete Mockaitis
Alright, excellent. So Andy, you shared a number of cool fundamentals, associated with your three steps to higher compensation at work. Are there additional principles and tactics that you recommend, you’ve heard, you’ve seen effective for others in practice, that folks should tackle if they’re looking to bump up their pay at work?

Andy Hill
I think a lot of it before you ask for that money or before you take that next jump is, a couple of things. I think you just have to establish credibility. You’ve got to be somebody that people can rely on. Your reputation really matters in the workplace. If you’ve developed a reputation for somebody who says they’re going to get something done and they do it well and they do it above and beyond – that’s a great place to be as an employee, because people are going to have that…

Especially whatever industry you are, sometimes it’s smaller than you think it is. People know who you are at different companies. People are aware of who you are within your larger organization for being a leader. So, going above and beyond your job description, being reliable – I think those are great ways not only just to live personally, but also just to set yourself up for those raises and salary bumps.

Pete Mockaitis
Excellent. So, we talked about the “earning more money” side of things. I’d love to get some of your pro tips on the savings side.

Andy Hill
Sure, absolutely. With regard to being an employee, there are so many great opportunities to save for your future at your workplace. So, a great place to start, and it’s something that I ignored immediately when I was in my 20s is your office place 401(k). So, taking advantage of any match that might exist from your employer with 401(k), and also taking advantage of compound interest as early as possible. So, for those folks that haven’t signed up for their 401(k), you’ve got to start as early as possible and take advantage of that growth, because over time the more you put in it, the more it grows. So, taking advantage of the 401(k) is a great way to go.

Some companies have an HSA program – Health Savings Account – and this is also sort of a stealth way to save for your retirement as well, but it also is a great savings vehicle to help protect you in case of any health emergencies as sort of a savings backup as well. Outside of those two routes, an IRA – Roth IRA or traditional IRA, depending on your income level – are great ways to save for retirement. And then outside of that, if you need to trick yourself to save a little bit of money just in a savings account, you can also work with your employer to divert some of your salary straight into a savings account so you’re building up an emergency fund, so emergencies turn into inconveniences.

Pete Mockaitis
Yeah, that’s great. And it’s amazing how that works, in terms of your mindset: “Okay, this is the money I have available, because it’s the money that I see in the account that’s in front of me or that I’m logged into it.” And I remember at Bain, where I was working previously, it was so funny how this would happen again and again. You had the option to divert a portion of your paycheck into the travel fund. So, you could have pretax dollars funding your, here in Chicago, the Chicago Transit Authority CTA card, to ride the “L” – elevated line, or the bus.

So that’s kind of cool. It’s like, if we’re commuting with the train into work, why not use pretax dollars, save 30% plus. That sounds like a good move. But what was so funny was, because it was so easy to forget about, and people often for one reason or another didn’t use it, because they were traveling, out of town for a week here or there, or they ended up taking a taxi – that was back in the day – or something into work, given certain circumstances, or working from home, whatever.

It would just pile up such that two years, three years later when these employees are headed off to business school, they would have these epic transit account balances, and they would sell it at a discount. Like, “Hey, I’m off to Harvard Business School. Anybody want $800 of credit for the CTA? I’m selling it at a discount. Let the bidding begin, the auctioning.” And it just kind of cracked me up. I was like, that is the power of money quietly just being siphoned away that you don’t even see or think about until you open up the account a couple of days before you’ve got to move.

Andy Hill
Well, think about that CTA example with a 401(k) then – so it’s quietly going in there, but it’s going to build compound interest. So that $800 is going to be, I don’t know, it’s going to be a lot more than what you had. So, CTA example – that’s probably not the best, but definitely do your 401(k).

Pete Mockaitis
I guess what was so kicking – or I don’t know if that’s the word – it was so striking and surprising was how again and again and again, folks were surprised that this happened. They’re like, “Whoa, there’s a lot of money in there. Oh geez.”

Andy Hill
There needs to be an eBay store for the CTA cards.

Pete Mockaitis
I did buy one, but then go figure. I didn’t manage to use it all.

Andy Hill
That’s so funny.

Pete Mockaitis
That’s cool. Any other sort of ninja tactics or tricks when it comes to saving the money? One way – great, out of sight, out of mind. That’s a good one. Anything else come to mind?

Andy Hill
I love the automation side of things. If you can trick yourself into thinking that you don’t actually have that money coming into your account, you can’t spend it. I think that’s just a great way to trick yourself into saving money, both for your retirement, as well as for an emergency. And I think a lot of times if you have that money built up in your retirement, you have that money built up in your emergency fund, or just general savings, it gives you more confidence at work, it gives you a little bit more pride walking around. You don’t feel as timid to maybe ask for a raise, or ask for what you feel like you’re worth. So, I think there’s sort of an intrinsic pride that comes in there with having your money situation set. It also allows you to ask for some things you need, for some things you think you deserve, and gives you that confidence to walk around the office like you deserve it.

Pete Mockaitis
I think that’s really powerful. And I’ve been reflecting on the work of Chase Hughes, who I hope to have on the show shortly. He’s talking about those very things, like when you’ve got control over your environment, your time, your appearance, your finances, you just naturally have this extra confidence and status, and just ready-to-go-ness with you everywhere you go, whether you’re asking for more money or for a date, or for whatever you’re seeking.

Andy Hill
I agree, and I think your employer sees that too. They want to work with confident people, especially if you’re in front of clients. They want to put their best people forward. So, have that confidence and yeah, take care of your money.

Pete Mockaitis
I also want to get your take on – so, your podcast is called Marriage, Kids and Money. We’ve talked only about money, but I want to hit the marriage and kids part there for a bit. Boy, this is a tricky one. I don’t know if anyone has the foolproof answer, but the challenge associated with what some call work-life balance and others call work-life integration, can be that folks feel this guilt associated with, “Boy, when I leave work, maybe it’s at a reasonable hour, maybe it’s early, maybe it’s late – I feel guilty, like I’m letting down my boss or my colleagues. But I need to be there for my family. But when I have to work more at the office and I’m away from family, then I feel like I’m letting them down.” And so it’s like we’re committed to two important things, and some people are plagued by guilt they’re abandoning one of them. What’s your take on navigating this beast?

Andy Hill
Oh yeah, that’s a tough one. I think a couple of things. One thing that pops into my mind is just setting expectations, both for your family, as well as your workplace. So there are times that my wife understands that work is going to be nuts this week – I’m going to be traveling out of town, I’m going to be traveling globally, I’m going to be working until midnight. If I set those expectations up beforehand, there’s less family strife at home. Now, if you work until midnight every night with a regular salary job, that’s a different scenario. That’s maybe a conversation with your supervisor, or a lifestyle change, or a job change. But I think if you set expectations with your family, when those tough times happen, the conversations can be a bit easier.

The same thing can happen with your employer – setting expectations with them about when you’re available, how you’re going to be able to work. And yes, maybe this is more how you roll, but some things that I’ve done, when I get home on Friday at 5:00 pm, I’ve tried to do this as a practice for the past couple of years – I turn my phone off, I turn my email off, because I want to focus on my family. That can be different for everybody else, but the place that I’ve chosen to work is good with that, they’re okay with that. And yes, sometimes there are things that happen that require my attention over the weekend, but 90%-95% of the time it’s a practice that’s appreciated from other people that I work with, my supervisors.

I’m actually very proud to work for a company, to work for a supervisor that is a family man, that understands the things that I’m going through. I’ve worked in the past, and there’s nothing wrong with people in different situations, but I’ve worked with people in the past that are single and they live for their work. They work 80 hours a week and that’s all they can think about and they can’t understand why people need anything else. I don’t strive well in work environments like that. I like working with people who have a family, that have hobbies, that have things outside of their work life in order to be a fulfilling individual, to have something else. That’s where thrive.

And I think that’s actually a good thing for offices. That’s where creativity comes from, if you’re not just on email all the time, or your nose in work. If you go out, you spend time with your family, you experience culture, you experience music, different types of things that you can bring into your work life that actually excite clients or excite the individual projects that you’re working on – I think that’s a good thing. So I think setting expectations with your family, setting expectations with your workplace is a great place to start.

Pete Mockaitis
Yeah, very well said. And that’s good to note, in terms of, I remember one listener mentioned, “My boss and my boss’s boss and my boss’s boss’s boss – none of them have kids. And I do.” And I can kind of see that there’s a disconnect. Not to say that of course you must have the same life priorities and station in life in order to connect and resonate and understand and be flexible, but it does make you think in terms of, “Okay, are we aligned on this point? And if not, are you cool with this being a priority for me when it’s not for you?”

Andy Hill
Right, exactly, especially I understand you have a good female contingent that listens to your show. There’s going to be some time where if you want to have children, that your life is not going to be very close to somebody that doesn’t decide to have kids. Having a baby, going through the three months after having a baby, all the things that go through your life physically and emotionally – I feel like it’s a great opportunity to work at a place where you have people that understand your situation. And yes, it can’t be a quick change to switch jobs, but thinking about that and then putting yourself in the shoes of your employer – are they somebody that understands your situation? Did they have a wife in that situation? Did they have kids? I think it’s something to note for sure.

Pete Mockaitis
Very cool. Well, Andy, tell me – anything else you want to mention before we shift gears and hear about some of your favorite things?

Andy Hill
I think you did a great job, man.

Pete Mockaitis
Aw shucks, thank you. Cool. Now, could you tell us a favorite quote, something you find inspiring?

Andy Hill
Absolutely, yeah. One that I like is from Benjamin Franklin. It’s, “Diligence is the mother of good luck.” And I think that kind of talks about a little bit of what we talked about today. I think we can hope and pray for good things, we can hope and pray for good fortune to come our way, but we have to put the work into it, we’ve got to put the action into it. We have to fail. We’ve got to do some trial and error to get where we need to go, but you have to put action to it. So, I like that quote a lot. I end a lot of my shows with the quote “Carpe Diem” too. It’s all about action. What can we do to take action today to have our best life? So, that’s one of my favorite quotes.

Pete Mockaitis
And can you share a favorite study or experiment or a bit of research?

Andy Hill
Yeah. I don’t have a lot of experiments, studies or pieces of research that fit into a lot of what I’ve done at work, but one thing that I read about from Scientific American, which is a cool article that got me jacked up about fatherhood. There’s this magic moment when expectant fathers see that mid-pregnancy ultrasound for the first time, and instead of thinking of cuddling or feeding the baby, the dads’ brains go straight to, “What can I do to provide the future needs of this child?”

Pete Mockaitis
No kidding.

Andy Hill
“What can I do to save for their college? What can I do to help them with their future wedding?” And this is a research study by the University of Wisconsin. I thought that was super interesting, because that’s what happened to me. A lot of this drive to increase my salary, or to take care of my money, all happened around the time that I found out I was going to be a father. And I kind of went nuts on it. I kind of went, “Okay, wow, I need to protect my family. I need to go into Papa Bear protection mode.” And I guess there’s some science around it. So, I kind of thought that was interesting to share.

Pete Mockaitis
Well, that really is interesting. And I remember the very day my wife told me that we’re pregnant, and it’s on video. I sort of figured something was up when she was videotaping me opening a little gift bag with the pregnancy test in it. At first it was like, “Oh wow”, tears and joy and excitement and gratitude and “Wow.” And then, just moments afterwards, it I was like, “We’ve got to buy this house.” [laugh] I’m on video saying this, so it’s dead on. It was like, “We can’t keep frittering away $2,000 a month on this absurd rent. We’re going to buy a multifamily home and get our tenants to pay the mortgage for us”, which we pulled off, and it’s been quite pleasant. I recommend that strategy as one option for folks.

Andy Hill
That’s awesome. So you went into straight, “What can I do to protect my family? I want to give them the best.” That’s awesome.

Pete Mockaitis
We were kind of going to some showings here and there. And it was like, “No, this isn’t a hobby anymore.”

Andy Hill
“We need the nest.”

Pete Mockaitis
Yeah. And how about a favorite book?

Andy Hill
For my career, I would say one book that I read early on that I refer back to every once in a while is How to Win Friends and Influence People by Dale Carnegie. It’s a 100-year-old book, and I love the advice. It’s still super applicable to everyday life and my work life. It just has some very simple nuggets that can help you get by with everything that you do, especially in an office environment.

I try to do my best to smile, I try to do my best to remember people’s names. Even just at the local store, if you see somebody’s name tag, just saying their name. Everybody loves hearing their name, right? So you can do that at work – makes people feel good. Going out of my way to give thanks and appreciation to people. We have an opportunity at our office where we can essentially do a shout out for somebody who’s done something really great at our office. And we get the opportunity to fill out this form, and they get an award for it.

I love being somebody that goes super detailed in that form, and then hoping one of my colleagues gets the award. And luckily, I’ve been a part of, I think, three awards that have been given out because of the responses that I’ve given, and I love that. I love being able to give thanks and appreciation for people that I work with and that work really hard. A lot of those principals that came from that book, I still apply in my everyday life.

Pete Mockaitis
Awesome, thank you. And how about a favorite tool?

Andy Hill
Favorite tool. So, there’s a couple of them right now. I’m big into apps lately, so I like this one called Forest. It’s essentially a productivity app. So, I get a little bit cell phone crazy sometimes, where I’ll go on Twitter or Facebook or something like that. And if I really need to focus, I put on Forest, and it essentially gives you a timer on there. And if you say, “I need to focus for two hours”, you set the two-hour timer, and then the app will not let you do anything else on your phone. Essentially it’s growing a tree over those two hours. So if you decide to go outside of the app, then you kill the tree. So, don’t kill the tree. You’ve got to keep being productive and get your work done. So that’s helped me to sort of stay focused and not look at other things outside of work.

Some other things – I set some daily reminders in my Outlook. This is not really super techy, but I use Outlook like crazy. So, all the things that I need to do during the week, I set some daily reminders to get them done. So, those are dictating my day instead of email dictating my day, because sometimes you go super deep into email and then you don’t leave email hell until whatever, 7:00 pm, and you’re like, “I didn’t get any of the things that I was supposed to get done today.” So I use those Outlook reminders as sort of my reminder of what I need to do every single day.

Pete Mockaitis
And how about a favorite habit?

Andy Hill
Favorite habit. So, I guess I would say just generally effective time management. So, my colleagues and my superiors know that they can always rely on me, because I manage my time well. I think that I’ve gained their trust and their partnership because I can manage my time well. So I guess short and simple – time management.

Pete Mockaitis
And what are some of your practices in time management that make the difference?

Andy Hill
I would say getting a clear understanding of what I need to do each day in order to get it done right. So one practice that I’ve been doing that I actually got from Curt Steinhorst, who wrote the book Can I Have Your Attention? – he said at the beginning of each day, write down three things on a board or on a piece of paper that you have to get done today. Three things. It doesn’t sound like a lot, but with all of the distractions that we have at work – the pop-in meetings, somebody opening your door: “Hey, do you have a second”, or all the emails that come by – as long as you know, “I need to get these three important things done today, because people are relying on me” – that’s just one simple practice that I do daily that helps me have a complete day.

Pete Mockaitis
And is there a particular nugget you share that really seems to connect and resonate with folks and gets them quoting it back to you?

Andy Hill
With the podcast, again, I end each show with the same “Carpe Diem”. And that is something that the listeners of the show and also some people in my life have enjoyed from me. So I guess that would be something that I share, because without action we’re not moving forward, right? Seize the day and take advantage of it.

Pete Mockaitis
Very good. And if folks want to learn more or get in touch, where would you point them?

Andy Hill
Check me out at MarriageKidsAndMoney.com. I’ve got a website there, as well as a podcast you can find on any major podcast player by the same name – Marriage, Kids and Money.

Pete Mockaitis
And do you have a final challenge or call to action for folks who are seeking to be awesome at their jobs?

Andy Hill
Well, I guess it would come from some of our conversations today, Pete. I would say if you for a fact know that you’re exceeding expectations, you can prove it and you feel like you deserve a raise or a promotion – go for it. Yes, definitely look up the comparable salary on Glassdoor.com, have some conversations with colleagues that are in a similar area, find that fair number that you feel you deserve, and outline your accomplishments. Sit down with your manager and discuss it, but do it with confidence, because if you feel like you deserve it and you’ve earned it, you should be able to do it with confidence and pride, because you deserve it.

Pete Mockaitis
Awesome. Well, Andy, this has been a whole lot of fun. I wish you all the best, rock and rolling with experience marketing and all you’re up to!

Andy Hill
Thank you very much, Pete. This was a lot of fun.