Young and Profiting (YAP) with Hala Taha

Rachel Rodgers: Million Dollar Decisions, Why We Should All Be Millionaires and How You Can Become One | E249

Oct 9, 2023

Rachel Rodgers, a self-made millionaire who grew up in a low-income household in Queens, shares her journey from poverty to success. She discusses the importance of financial security, making million-dollar decisions, and helping marginalized communities make money. Other topics include transitioning from law to business coaching, valuing yourself correctly, and the hazards of being a solo entrepreneur.

01:04:36

Episode guests

Rachel Rodgers

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Episode notes

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Quick takeaways

Recognize your worth and the value you bring to the world by shifting to value-based pricing and charging based on the impact and benefits you provide.

Take the challenge to make $10,000 in 10 days by being creative, believing in yourself, and trying different strategies to generate income.

Hiring a team is crucial for long-term business success and growth, as solo entrepreneurs are less likely to receive investments and may struggle to sustain their energy levels.

Deep dives

Recognizing Your True Value

Recognize your worth and the value you bring to the world. Don't undervalue yourself. Shift to value-based pricing instead of hourly compensation. Double your prices and charge based on the value you provide. Don't focus on time, but on the impact and benefits you offer.

Introduction

2min

Growing Up in a Low-Income Household and Aspiring for a Better Life

19min

Using Shopify and Indeed for Success

7min

Making More Money: Investing in Skills and Entrepreneurship

19min

Sponsors and JustWorks for Payroll, Benefits, and HR Support

7min

Outsourcing Tasks and Monetizing Events

3min

Event Model, Economics, and Coordination

4min

Building a Community and Networking for Success

7min

Exploring the Benefits of Pipe Drive CRM

2min

Rachel Rodgers grew up in a low-income household in Queens, learning how to live with the power out and not having enough food in the house. She saw her parents hustling to keep their heads above water, and realized early on the importance of money and financial security. She resolved to learn how to make enough of it to pursue her dream life. In today’s episode, Rachel shares how she went from growing up low-income to becoming a self-made millionaire, and how you can do it too.

Rachel Rodgers is the founder of Hello Seven, a multimillion-dollar company that teaches women how to earn more money and build wealth. Rachel’s ground-breaking work has seen her featured in Time, Forbes, Entrepreneur, Fast Company, The Washington Post, NBC News, and Cosmopolitan. Her mission is to teach women — especially women of color — how to end the cycle of overworking, under-earning, and financial stress once and for all.

In this episode, Hala and Rachel will discuss:

- Learning to hustle on a low-income

- Taking a leap of faith as an entrepreneur

- Transitioning from law to business coaching

- Helping marginalized communities make money

- Why you should care about diversity if you care about the bottom line

- Executing the ideas you believe in

- Making million-dollar decisions

- Putting a monthly value on your dream life

- How to make $10,000 in 10 days

- How to value yourself correctly

- The hazards of being a solo entrepreneur

- And other topics…

Rachel Rodgers is an intellectual property attorney, business coach, and published author. She is the owner of a multimillion-dollar business, mother of four, and visionary featured in publications like The New York Times, Women’s Health, Forbes, Entrepreneur, Fast Company, and on hit programs like Good Morning America, E! News, and The Drew Barrymore Show. She is the founder of Hello Seven, a company dedicated to helping historically excluded people make more money. Her nationally bestselling book, We Should All Be Millionaires: A Woman’s Guide To Earning More, Building Wealth, And Gaining Economic Power, is a powerful guide to creating abundance in your life.

Resources Mentioned:

Rachel’s Website: https://helloseven.co/

Rachel’s LinkedIn: https://www.linkedin.com/in/rachelannerodgers/

Rachel’s Twitter: https://twitter.com/RachRodgersEsq

Rachel’s Instagram: https://www.instagram.com/rachrodgersesq/

Rachel’s Facebook: https://www.facebook.com/rachelrodgerslaw/

Rachel’s Podcast: https://helloseven.co/podcast-page/

Rachel’s Book, We Should All Be Millionaires: https://www.amazon.com/We-Should-All-Be-Millionaires/dp/1400221625

LinkedIn Secrets Masterclass, Have Job Security For Life:

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