I love when I see people online that are killing it in life — Daniel Dipiazza from Rich20Something is one of those people.
He’s also someone you can learn a lot from and is a genuinely solid dude.
I had a coaching call with him last week to help improve my blog, book sales and pick his brain on how he’s succeeded in freelance writing.
It was a fantastic session and has given me a ton of positive feedback to keep grinding.
He was also generous enough to give me a chance to attend an awesome seminar with thought leaders, authors, and online personalities this weekend. Today I am flying out to Long Beach to attend the “Success Live” seminar with some incredible speakers
His story is super inspiring and am sure it will help you create an epic life on your terms.
So who is Daniel from Rich 20Something and how can he help build the life you want?
How To Quit Your Job: My Story of Leaving a $100,000 Career
One of the biggest things you can do when planning to quit your job is to have a clear vision of what you want with your freedom.
My vision is simple, help people live life on their own terms. I LOVE getting emails, texts, DM’s from readers say I have inspired them and helped them start a side hustle, save more, or start a plan for their eventual “escape” from the real world.
That is 100% my goal, help people live a better life.
I’ve always said “saving to save” money never really works. You might save some money but unless you have a clear-cut goal of what to do with your money there is a good chance you’ll spend instead of saving.
When I was planning to quit my job I saved for a while, roughly one year to get to the number I was comfortable with. I made sure to save outside of my emergency fund and retirement savings.
I opened an Ally savings bank account and titled it “The Plan” and stashed away money each month. To ensure savings, automate a percentage of each paycheck. Try to save 90% of all bonuses or raises, and start a side hustle to earn more.
Every little bit adds up and gets you closer to your plan!
Created A Money Plan
I HATE using the word budget so we’ll call it a money plan. As I was making roughly $100,000 at my job I knew I wouldn’t make that beginning self-employment. My spending has always been pretty “frugal” so I didn’t have to cut back on much. The biggest thing I did was create a good old Excel sheet to set hard budgets for each area of my life. I also use Personal Capital to help track my net worth, investment returns, and spending habits.
I am happy living on less (temporarily) to create my own future. Would you be ok making 1/3, 1/2 or 3/4 of your current salary to live life on your terms? Could you eliminate anything each month to get you there?
I bought these courses to help me get started for making money online through freelancing, blogging, and other sides hustles.
Making Sense of Cents Affiliate Course ($297): Michelle is a hero to the blogging world, she was featured in Forbes last year for making nearly $1,000,000 (yes, one million) through her blog. This course is super helpful and easy to understand and implement to my site.
Upwork – Freelancers Course ($500): Danny M. is the king of Upwork, the top freelancing site to find jobs online. He made over $100,000 his first year and shows the tips and tricks for others to get started freelancing.
Believe In a Budget ($197): Kristin has created a great, easy to understand course on how to use Pinterest. She’s been able to grow her traffic significantly and I am finally implementing to my site.
I Will Teach You To Be Rich ($2,395): Ramit is the example of someone who has really succeeded at helping people AND created a successful online empire. This course focuses on how to build online courses to sell your expertise to the world. This one wasn’t cheap, roughly $2,400 but was able to pay in installments over a year.
K Money Mastery ($97): This course shows you how to create e-books to sell on Amazon Kindle Publishing. The creator, Stefan James, has done an amazing job on his website showing others how to build an online empire with tons of different revenue streams.
Udemy ($10-$20/per course): If you haven’t used Udemy yet I highly recommend the site. You can learn just about anything on this course and the prices are very affordable. I’ve bought courses on so many topics. Some of which include: Amazon Kindle Publishing, Building a Personal Brand, WordPress, Options trading and many others.
The total costs of all my courses were around $3,700 and am confident they will pay off. Remember the best investment you can make is in yourself!
The six months leading up to quitting my job I bought as many big items as I could. I wanted to buy everything I could while I still had a consistent income.
- New (used) Car: This was unplanned but I was prepared. My old car must have known about my future plans and wanted to die when I still had a job to secure a loan. (Link)
- As an aspiring professional golfer, I bought an annual golf club membership (one-time fee)
- Office furniture (future tax deduction)
- iMac. No office could be complete without it.
- Life insurance (annual payment)
- Supplies for the house
- Books – With more time at home I could finally read some of my 300+ books on my Amazon wishlist. I bought roughly 75 to conquer for the rest of 2017.
Opened a new credit card
Before I left my job I opened a new Citi Diamond Preferred credit card. I hadn’t opened a new one in two years and was about due to help my credit utilization ratio. The reason I went with this card is that it had the longest 0% APR time — 21 months! With all the uncertainty of online income, I figured it would be helpful to give myself a little cushion with zero percent interest.
I’ll make sure to not carry a balance past 30% of my credit limit and have it paid off before the 21 months. I highly recommend 0% balance transfer offers for anyone who has big purchase or going through a transitional time in your life.
Tons of people stay in jobs they hate because of comfortability and money. But you don’t have to stay stuck in a job in you don’t’ like. If you follow these steps, talk with friends and family, and focus on your passions you can succeed. Whether it’s a photography business, travel blogging, writing or anything else. Start planning to change your life and live it on your terms 🙂
Daniel Dipiazza aka Rich20something is a very successful online entrepreneur, author, and social media influencer.
His story is pretty incredible and shows how you can (in his words) “get out of the 9-5 slog.”
He started blogging in his basement while working at Longhorn Steakhouse but wasn’t a huge fan of management at the restaurant. Or the mindless duties that came with the job.
One day he thought to himself – “Why are you wasting your potential at this job that means nothing to you, around these people who don’t inspire you?”
After one shitty day at work, he said no more and went out on his own.
Since then he’s started three successful businesses (with no start-up capital) and made his first million by starting Rich20something.
He published his book this year and is a top seller on Amazon. He also has a podcast, Youtube channel, and very strong online presence.
Here’s what I learned from reading his awesome book, “Ditch your average job – start an epic business and score the life you want.”
New Way of Life
Daniel (and myself) see the unlimited potential in today’s world thanks to the internet. Opportunities have never been more abundant.
You simply have more choices now than ever.
Gone are the days of having to go to school, “pay your dues,” climb the corporate ladder for 40 years, and retire at 65. You can do this still but now you have other options!
The old school style thinking didn’t work for me so I quit my six figure job in May to create a life on my own terms. This is what his book is all about!
His book (and other materials) teach people how to start businesses they care about and live a better life.
Why don’t more people try to do what Daniel did? Besides, 80% of people hate their job why stick with it?
Lots of reasons; competition, fear, uncertainty, and limiting beliefs.
Here are his thoughts on them:
Don’t Worry About Competition
Daniel discusses how so many people never start a website, publish a book, or build a business because of the fear of competition.
But in today’s online world, competition is a good thing.
As he said, “Life without variety sucks and often times customers will buy from you and your competitors multiple times.”
Competition instead should be looked at as a good thing — it means people are buying since it is working for other people.
There are so many other blogs out there but it didn’t stop me from starting this one.
You might also like: How to start a blog in 10 minutes
Once you understand that competition is a good thing and not a bad one it will also help you get over a major fear of not succeeding because you think it’s too crowded.
You don’t have to quit the day job like he did without a plan in place. With freelancing, you can still keep your job and build your skills until you’re ready to take the leap (more on freelancing soon).
There is uncertainty in any career path you take in life. Whether you become a lawyer, doctor, or sales rep there is uncertainty in every level.
Is Money The Answer?
So does he just want you to get rich? Nope….
So many people think that money is the answer to all problems in life? Seems like almost everyone thinks that money cures all.
While money does make life better in a ton of ways it will not fix everything. As Daniel and Tom Bilyeu discuss in this episode of his podcast, there is something known as the hedonic reset point.
Fancy terms I know, but the hedonic reset point basically means that you get used to whatever you have in your life. For example, if you buy a sports car or big house it will feel good at first and then will begin to feel normal as time goes on. See picture below:
This is why you can’t be 100% motivated only to make money — you need to have a plan on what you want to accomplish with it.
By freelancing or starting your own business you will be learning new skills, following your passion, and use your money for what you care about.
Quit Your Job?
So are we saying you should quit your job now and figure it out like we did?
No — definitely not.
So, what’s the answer?
You don’t need to quit your job (yet)…you can absolutely freelance while you work full time and scale it up.
Freelancing doesn’t have to be an end all, be all. You can ramp it up if you need more money as you prepare for a vacation, holidays, or simply want to pay off debt quicker.
Freelancing is the way the world is going. You get to make your own schedule, charge your own rates and can do what you love.
I’ve started freelance writing this year and been fortunate enough to write about stuff I love. But when you are starting out freelancing (not just writing) you don’t have to automatically go for your passions, you might need to build your skills first.
Daniel talks in depth about freelancing with his course, Freelance Domination 2.0 and in his book. He considers freelancing the “bridge between your nine to five and true independence.”
Do you need to be passionate about it?
While passion will help you become persistent he says you don’t need to be at the beginning of your freelance journey. Instead, focus on being really good.
Once you master your craft then you can branch out and do what you’re passionate about.
Do you need to be an expert?
No, but the better you are at one or two specific tasks the more you will be able to charge.
Again, you don’t need to be an expert you need to be able to do it better and quicker than the person who wants the work completed.
Daniel talks a lot about how difficult it is to focus in today’s world.
At any given time we have notifications from Twitter, Facebook, Snapchat as well as text message and emails. Sometimes calls, but let’s face it we rarely use our phones to actually “talk” to people.
The best way to be productive and efficient with your time is by practicing deep focus — based on the topic of the best selling book Deep Work.
I’m very interested in the habits that successful people share, hence why I wrote my book – Advice For My Younger Self – Successful Habits for Health and Wealth.
Here are a few habits that Daniel discusses in the book that really resonated with me and I think will help your life:
Make Better Lists
How often on Sundays (or whenever you make a list) do you start planning the next day and end up with 15 things to accomplish?
If you complete 6 or 7 of them you still probably did a lot but in your mind, it will feel like you didn’t complete as much as you should have.
As someone who is trying to publish a book per month, write three new posts per week, work on my golf dreams, fitness, freelancing, and blog promotion I understand the importance of maximizing each second on the day.
But I was super guilty of making long lists only to complete most of them but not always the hardest.
Instead, create a list of 4-6 items and complete every single one.
Start off your day with the hardest task.
If you start with the hardest task you will complete it when you are fresh and creative. You’ll also start building confidence for the day and keep checking off your lists.
I’ve read enough books that tell me to meditate but I won’t lie I’ve never followed through. My personality always wants to be moving so meditation never seemed to fit.
But I took his advice, downloaded the Headspace app and have been at it a week now. I start each day with it and so far have loved it. I highly encourage an app like Headspace as it guides you through the process and only takes me 10 minutes.
Invest In Yourself
As Warren Buffett has said, “Invest in yourself. You are your own biggest asset by far.”
You are at a place in your life today from your past choices to invest in yourself (or not). Daniel recommends investing in yourself by constantly reading and I completely agree.
Reading is on the way best (and oldest) ways to learn something new and invest in yourself. For more ideas to invest in yourself check out my full post.
These are three great habits that I encourage you to add to your life to help you reach your goals!
The main reason I love this book and his content is that it challenges you to think differently about work, retirement, and self-employment. I covered a fraction of the book and highly recommend reading entirely to open your eyes to endless online opportunities.
Don’t spend your whole life working to work — find how you can side hustle or build your own business for long term fulfillment.
I firmly believe that people aren’t after money as much as they are fulfillment.
As Tony Robbins says, “Success without fulfillment is the ultimate failure.”
If you read this book I am confident it will challenge you to think differently, start freelancing and maybe build a business.
There are no downsides, only unlimited potential.
Break the 9-5 slog and start living your life!
What are your thoughts on traditional retirement or working for someone else? Freelancing on the side?
Let me know in the comments!
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