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“I bought myself a Peloton a few weeks after I was laid off”

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iwillteachyoutoberich.com

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ramit.sethi@iwillteachyoutoberich.com

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Wed, Jan 12, 2022 05:28 PM

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I asked what the most you spent on your Rich Life was. Here’s a great response. To view this em

I asked what the most you spent on your Rich Life was. Here’s a great response. To view this email as a web page, [click here]() “I bought myself a Peloton a few weeks after I was laid off” Last week, I asked you what the most you spent on your Rich Life was. Here’s a great response I received from reader Amanda: "Your question today really spoke to me. In 2020 I was laid off due to major Covid staffing reductions at my then employer. A few weeks later I bought myself a Peloton. I have always been good at 'paying myself first' and automating my savings and investments so I don’t even think about them or see the money in my 'spend' bank account. So I knew I had the money, and honestly being laid off and not being able to go to a fitness class anymore were making me truly depressed. My husband says what a baller move it was that I got laid off and bought a Peloton, but really I think it speaks to how much I had set myself up for success and knew I could pay for it. I landed a new job a few weeks later, and it’s the best job I’ve had yet. And I still use the Peloton every day! For me it was the perfect example of living my Rich Life, and I owe it all to you because it’s a purchase I wouldn’t have considered before reading your book and your blog." This is such a great story (apart from being laid off). I love hearing how readers are able to use what I teach to live their Rich Life. Thanks for the inspiration, Amanda. Three barriers to a Dream Job After speaking to thousands about their Dream Jobs, I’ve learned a lot about what holds us back from finding ours. It’s critical to understand your own psychological barriers around finding a Dream Job BEFORE you jump into the tactics. If you recognize any of these barriers, you’ll be MUCH more likely to land your Dream Job. If you don’t, you’ll keep trying to apply tactics without understanding why they aren't working. Let me share 3 mental blocks I’ve noticed that hold most people back from finding a Dream Job. MENTAL BLOCK #1What IS a Dream Job? Most of us don’t really know. I've surveyed hundreds of thousands of people about what they want out of their career. The results are clear and consistent: - The first is more money. Could be to pay off student loans or to build our savings or take an amazing vacation. - The second is a flexible schedule. Some of us care about working from home, or the freedom to go to yoga on Tuesday afternoons, or to be able to pick our kids up from school. - And finally, we want to feel passionate about our work. We want to have a PURPOSE when we go to work. But without a clear roadmap to get those things, we get bogged down by uncertainties. We start to ask questions like “What if I jump to another job and I don’t actually like it?” or “I don’t want to close any doors by choosing that industry...” We get so paralyzed that we just end up spinning and eventually do nothing. MENTAL BLOCK #2It’s just EASIER to do nothing. Ask most people how their job is and what do they say? "Fine." Their coworkers? “They’re fine.” Their projects. "Work's work." It’s not the most exciting job, but you can do it. And you get paid “okay.” If you're like most people, you have no BURNING complaints, except for that little nagging feeling in the pit of your stomach telling you, “Is this it? Is this what I was meant to do for the next 40 years?” Still, even that isn’t enough to make a change. It's easier to just do nothing. So that's what most people do. No wonder they're stuck in the same dead-end career track year after year. (Note: This is NOT how Top Talent searches for a job. The best candidates know where they work is one of the most important decisions in their lives … so they take it seriously. They spend time, they [follow a system](), and they are ACTIVELY involved.) MENTAL BLOCK #3Keeping your head in the clouds. When I ask people “What does your Dream Job look like?” usually they tell me things like: - “Oh, I want to double my salary while working 25 hours and never needing to check my email on weekends” (Read: fairy tale answers) - “I want to work with innovative, growing companies that add value by leveraging my unique management skills” (Read: jargon garbage) I actually remember when I said that I wanted to work no more than 40 hours per week or on weekends. But then I got a job I loved and enjoyed the work I did. Suddenly the hours didn’t matter so much anymore! People say they want all kinds of things. Just think about all the stuff your friends said they would want in a romantic partner. Now look at who they’re with today. Most of the time, they don’t know what they’re talking about. Focusing on vague intangibles gets you nowhere. You need to get SPECIFIC about what you want. Quick example from someone who's eager to grow their career: BEFORE: “I’m passionate about working in the right organization with the right people in order to grow the fastest.” OK, I’m also passionate about eating salsa, but that won’t help me narrow down my dream role. The “right organization” with the “right people” doesn’t tell you anything! What does a more specific answer look like? AFTER: “I’m looking for a position as an Inside Sales Associate at a social networking company in San Francisco.” This is so much better! Notice how specific it gets with the type of company and even the location. It will be much easier to find this role at this company than "the right organization with the right people." Some people resist getting specific. They don't want to close any doors. So they stick to vague goals like “I just want to help people!” endlessly sifting through job board sites, and shotgunning out resumes to anything that “looks good.” Then they feel dejected when they never get a response. DON'T MAKE THIS MISTAKE! By getting specific upfront, you’ll avoid this Spiral of Doom and land your Dream Job much faster. Don’t worry if you don’t know every detail yet. I have several resources to help you out: - [How to find your Dream Job: Career research guide]() - [Find Your Dream Job](), my proven system to help you find and land a job you love “I want to pay for convenience, but my husband thinks it’s lazy” When we don’t have a lot of money, we have to do things ourselves. We mow our own lawn. We clean (or don’t clean) our apartment. We recruit friends and family to help us move. We eat ramen instead of a ham sandwich or a Chipotle burrito. But as we make more money, a funny thing happens. We often don’t adjust our thinking. We think, “Why pay someone to do that? It baffles my mind when people want to pay other people to clean the house for them. I think it’s lazy.” It’s a thought that I run across a lot. If we create an identity around doing things for ourselves, we will find it very difficult to change that identity as our wealth increases. That quote about being lazy comes from this week’s podcast guest, Jack. Jack and his wife Gemma earn more than $200k per year, but when they moved recently, Jack would not pay $1,500 to move three blocks. He thought it was a waste of money and that they could just do it themselves. When I dig a bit into Jack’s background, I discover that he grew up middle-class in Ghana, and his family had help around the house. Interesting! Whenever I find contradictions like that in someone’s money philosophy, I know I’ve found gold. There’s even more going on with Jack and Gemma. Gemma is also an immigrant — she grew up in the Dominican Republic. And Gemma currently makes significantly more than Jack does, which he struggles with. These different cultural and gender codes are creating tension when they discuss — or don’t discuss — their finances. Listen in as I help Jack uncover some of the invisible scripts that are guiding his money philosophy and as I help Jack and Gemma think through how they could have more productive money conversations. [Click here]() to listen to my conversation with Gemma and Jack on the latest episode of the I Will Teach You To Be Rich podcast. New episodes are released Tuesday mornings. Subscribe on [Apple](), [Spotify](), or anywhere you get your podcasts. What’s included in Find Your Dream Job I’ve spent years studying how people define and get their Dream Jobs. I put it all in my Find Your Dream Job program, which shows you how to: Discover what and where your Dream Job actually is - Find your Dream Job — whether in-person or remotely - Identify the RIGHT (and WRONG) companies for you - Identify the RIGHT (and WRONG) jobs for your unique skills, passions, background, experience, and lifestyle goals (even if you want to switch careers) Improve your work/life balance - Negotiate working from home...or anywhere you want to be (could be PT, FT...even a complete relocation to another city) - Negotiate flexible hours (e.g., Fridays off, work from 10 to 7 instead of 9 to 5, etc.) - Find 100% remote companies - Confidently set boundaries so that you can enjoy your time off without feeling like you “should” be thinking about work Find "hidden" career opportunities you never knew even existed - Tap "shadow market" job openings before they're announced publicly - Find, authentically connect with, and get advice from insiders at your dream companies - Address the invisible scripts that keep you from networking, negotiating, getting a promotion, balancing work and life, etc. - Build a Rolodex of VIPs who can help you grow your career — no sleazy networking involved Stand out from the crowd on Day 1 - Write an attention-grabbing resume and amazing cover letter, based on dozens of examples from successful students from all different industries - Nail your next job interview with word-for-word scripts and mock interviews - Properly follow up after the interview and never feel left wondering “What’s going to happen next?” - Impress any interviewer before the conversation even starts Optimize your current job, benefits, & salary - Convince your current company to allow you to work remotely (scripts included) - Turn your current job into your Dream Job - Ask for a raise and make an irresistible case - Get far more interesting and exciting projects at your existing company Make more money - Finally get paid what you're worth - Engineer a bidding war between multiple companies and rapidly increase your compensation - Negotiate for not just more money, but also better benefits and cool perks - Fast track your salary potential over the life of your career All of this in Find Your Dream Job — including all of the prewritten interview & negotiation scripts, the email templates, the hiring manager confessions, the live teardowns, the 6-figure resumes and cover letters, and the full Dream Job Playbooks… [Inside the Dream Job System] Join now and you'll get access to all this in 10 minutes. All of it protected by my 60-day, 100% money-back guarantee. If this sounds like something you need this year, [click here]() to join. [Signature] WHAT TO DO NEXT CHECK IT OUT: If you're interested in a proven system to help you find and land a job you love, check out our program, [Find Your Dream Job](). [SIGN UP]() LISTEN: [Click here]() to listen to my conversation with Gemma and Jack on the latest episode of the I Will Teach You To Be Rich podcast. [SIGN UP]() How did you feel about today’s email? [Hated it]() [It Was Fine]() [Loved It]() [insta]() [facebook]() [twitter]() [youtube]() [Linkedin]() [Podcast]() This email was sent to {EMAIL}. If you no longer wish to receive these emails you may [unsubscribe]( at any time. 548 Market St #89946 San Francisco, CA 94104-5401

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