Making The Case For Part Time With Bradley Rice
Episode 117
Episode Guide
Episode Timestamps
ChooseFI Podcast Episode Show Notes
Episode Title:
Enjoying the Journey: Bradley Rice’s Path to Balance
Episode Summary:
Choosing to prioritize family time over a high-income job can transform one's life. Bradley Rice faced this decision after his daughter was born, prompting him to seek a more flexible career path that would allow him to be present for her upbringing. With a background in economics and experience in the Salesforce consulting industry, he initially earned a high salary but realized working excessive hours limited his family time. After thoughtful decisions, including reducing work hours and effectively managing his consulting business, Bradley increased his income while greatly enhancing his quality time with family. This episode explores the mechanics of career transition and the philosophy that values time over money.
Key Takeaways:
- Prioritizing family over financial gain can lead to a more fulfilling life.
- Reducing work hours while maintaining income is achievable through strategic decisions and negotiations.
- Emphasizing the importance of time in the pursuit of happiness and financial independence.
Timestamps and Discussion Points:
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Podcast Intro:
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Introduction to Bradley’s Dilemma
Bradley Rice shares his realization that he needed to spend more time with his daughter after she was born. -
The Salesforce Career Path
Bradley describes his journey from a junior Salesforce administrator earning $40K to becoming a consultant making over $110K. -
The Importance of Time with Family
Discussion on how limited time with family led to the need for work-life balance; quote: “Time is our most limited resource.” -
Transitioning to Part-Time Work
Bradley discusses the decision to cut his income in half to prioritize family time and how he approached potential employers regarding part-time opportunities. -
Achieving More by Working Less
Bradley reflects on working about 25 hours per week while earning more than he ever did in full-time roles, emphasizing that flexible work can boost productivity and income.
Actionable Takeaways:
- Consider negotiating for part-time work if you value family time. [Timestamp: 00:23:10]
- Invest time in skill development to enhance career opportunities. [Timestamp: 00:10:08]
- Reflect on how to optimize your use of time for a more fulfilling life. [Timestamp: 00:17:51]
Key Quotes:
- “Achieving financial success doesn't mean sacrificing family time.” [Timestamp: 00:13:26]
- “Effective use of our 24 hours can redefine our lives.” [Timestamp: 00:17:39]
- “Making tough choices can lead to more fulfilling lifestyles.” [Timestamp: 00:23:10]
- “Flexible work can significantly boost productivity and income.” [Timestamp: 00:40:48]
Discussion Questions:
- What sacrifices are you willing to make to prioritize family time? [Timestamp: 00:15:15]
- How can flexible work arrangements enhance your personal life? [Timestamp: 00:23:10]
Related Resources:
- Salesforce Trailhead [Timestamp: 00:11:09]
Conclusion:
Bradley Rice’s story highlights the profound impact of prioritizing family over traditional career paths. By redefining success and embracing a flexible work-life balance, he not only achieved financial independence but also enriched his life with meaningful family interactions.
- Podcast Extro: "You've been listening to ChooseFI Podcast, where we help middle-class America build wealth one life hack at a time."
Prioritizing Family: The Journey to Personal Freedom
In today's fast-paced world, the balance between work and family can often feel like an elusive dream. However, for many, embracing the philosophy of financial independence allows for a lifestyle that prioritizes what truly matters: time with loved ones. Bradley Rice exemplifies this journey as he transitioned from a high-income career in the Salesforce consulting industry to a more flexible role allowing him to spend quality time with his family.
Understanding the Value of Time
Time is a precious resource, and prioritizing it effectively can redefine one’s life. When Bradley's daughter was born, he confronted the profound realization that his heavy workload and long hours meant limited time with her during her formative years. This awakening prompted him to reassess his life goals, leading to a transformative decision.
Embrace the Reality of Work Hours
Most professionals can relate to the typical 40 hours per week, but many fail to account for the additional hours spent commuting and preparing for work. Bradley practiced an exercise that helped put things into perspective: by successfully calculating how much of his day was genuinely available for family, he discovered that a substantial portion was consumed by work-related activities.
To gain clarity, calculate your effective working hours versus the time available for family and self-care. This simple exercise might inspire an awakening that could prompt profound changes.
Transitioning to Part-Time Work
Understanding that he could afford to cut his income in half to achieve a better work-life balance was not a straightforward decision for Bradley. However, making tough choices can lead to a more fulfilling lifestyle. He faced the reality of needing to initiate conversations with potential employers about part-time roles.
Take Action: Initiate Conversations
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Negotiate for Part-Time Work: If you find yourself yearning for more family time, consider approaching your employer about flexible work arrangements. Bradley emphasized that simply asking could lead to opportunities you hadn’t considered.
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Demonstrate Value: Show your productivity during trial periods or propose remote work options. Focusing on results can persuade employers of your efficiency, allowing for a more flexible arrangement.
Leveraging Skills for Increased Income
Despite transitioning to a part-time role, Bradley's story illustrates that financial independence doesn’t have to mean giving up on substantial income. By effectively managing his skills in Salesforce consulting, he could maintain and even exceed his previous earnings.
Optimize Your Skill Set
Invest in your personal development and certifications in your industry. Bradley initially earned around $40,000 but, through relentless effort and obtaining certifications, he skyrocketed his income to over $100,000. This same strategy applies to anyone seeking rapid career advancement.
- Salesforce Trailhead: A prime resource for those interested in pursuing Salesforce roles is Salesforce Trailhead. This platform offers free resources that help you build your expertise and even achieve certifications to boost your marketability.
Embracing the Journey
Achieving financial independence is not just about the end goal; it's about enjoying the journey along the way. After choosing to work part-time, Bradley reclaimed his afternoons for family adventures, creating lifelong memories.
Cultivate Flexible Time
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Use your newfound time to engage in activities that foster family bonds, such as trips to local museums, nature parks, or simply enjoying momentary downtime together.
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Focus on quality rather than quantity. Bradley utilized his time effectively by crafting meaningful experiences with his daughter, showing that every minute counts.
The Power of Reflecting on Your Values
The critical juncture of Bradley's journey highlights the necessity of reflecting on your personal values and adjusting your path to align with them.
Identify Your Priorities
Engage in self-reflection and consider which areas of your life truly bring you joy and fulfillment. What sacrifices are you willing to make for the sake of time? How can flexible work arrangements enhance your personal life? By answering these questions, you can pave the way for improved life satisfaction.
Conclusion: The Road Ahead
Bradley's journey distilled the essence of financial independence into a meaningful family life. It exemplifies that prioritizing time over money can lead to happiness and fulfillment.
In a world often fixated on wealth accumulation, remember that the true currency is time with loved ones. Reflect on your own life, explore job opportunities that offer flexibility, and most importantly, take steps toward creating a life that resonates with your values. Financial independence does not merely equate to monetary wealth; it is about crafting a life where you're fully present and engaged with what matters most.
Action Items
- Consider Part-Time Opportunities: Explore job openings that offer flexibility or part-time roles.
- Invest in Skill Development: Identify courses and certifications that align with your career goals.
- Reflect on Life Goals: Reassess your priorities and make decisions that align with your values, ensuring that you’re positioned for a fulfilling journey ahead.
Ultimately, the pursuit of financial independence isn’t solely about reaching a specific number in your bank account; it’s about enjoying the journey with those you love.
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Bradley has successfully reclaimed the hours in his day by transitioning to part-time work. He made this unconventional choice to take back his time when his daughter was born to spend more time with her. He works 20 hours a week, while still earning a high salary. Bradley openly talks about the path that allowed him to reclaim his time and how you can recreate a similar journey.
[elementor-template id="143609"]We All Have Choices Along The Way
Each of us makes different choices throughout our lives. We do so hoping to march closer to our long-term goals. Everyone has to make choices that align with their values, so each person’s journey will be different.
Having a high paying job certainly helps you reach your FI goals, but if it's taking away time from your life, you may question its true value. [highlight]In Bradley’s opinion, time is our most valuable resource because it truly is finite.[/highlight] Many of us would prefer to use that time to enjoy the important things in life, like our family. The pressure becomes especially noticeable if you have young kids because the time you have to spend with them while they are young is limited.
Even if you agree that that time is your most valuable resource, you may feel trapped in the mindset that there is no way to earn your current income while transitioning to part-time work. Caught between the fact that you have to work to provide for your family and the need to spend more time with them, the dilemma continues to grow more real every day.
Our guest, Bradley Rice, was faced with the same dilemma when he had his daughter. He knew that he didn't want to continue working full-time while his daughter was growing up. He needed to find a way to spend more time with her during her childhood. Bradley was able to make the switch to part-time and maintain a high salary in the process. It was an unconventional choice, but it worked out exceptionally well for his family. Let’s dive into his inspiring story!
Related Podcast Episode: Mindfulness And FI With Cory Muscara
Bradley’s Story
When Bradley was starting out in the working world, his goal was to retire at 59.5. Although he and his wife had always been frugal, the idea of early retirement had never been presented as an option. When he graduated college with a degree in economics, he quickly landed a job in a lucrative field as a junior Salesforce administrator making $40,000. Within two years, he was making $100,000 as a Salesforce consultant. At 24 years old, he was making $110,000 plus bonuses.
His young career was continuing to grow, but it was taking him away from is home for around 60 hours a week. At 27, the focus of his world changed when his daughter was born. He realized that he needed more time to spend with his daughter. Based on his work schedule and his daughter’s sleep schedule, he would only be able to spend up to two hours a day with her if he continued working this schedule.
Bradley wanted to find a way to raise his daughter in a “100% parenting” way. 100% parenting is something that each parent should decide on for themselves because it is a very personal decision. However, Bradley knew that only a few hours a day to spend with his daughter during the week was not his definition of 100% parenting. He chose to cut his income in half by working part-time to spend more time with his daughter.
Salesforce 101: How To Earn More through A Salesforce Career
Salesforce is a widely used CRM (Customer Relationship Management) platform that is used by large companies around the world. [highlight]According to Bradley, it is absolutely possible to replicate his success in this field even if you are starting with no knowledge of the industry.[/highlight] In fact, Bradley came into his first job with no idea where to start.
One of the reasons that Bradley made this choice is due to the high earning potential of his job. Before you decide that working part-time is completely impossible, let’s walk through how Bradley excelled in his lucrative career path.
The Secret to Bradley’s Success Through Salesforce
The best part about this success story is that there is no secret; anyone with the motivation can excel in this career path. The “secret” is to hard work and excel in time management.
Bradley decided that to outrun his peers, he would actually work from 8 AM to 5 PM every day. Instead of filling his time with chats at the water cooler and extended coffee breaks, he decided to spend any downtime he had working on new skills. During downtime at work, he was able to earn several certifications that allowed him to quickly outpace his peers.
Anyone can do this if they use their time wisely at work. Bradley mentioned that he was always someone that took the path of least resistance, but a combination of mentorship and the pressure of his first professional job led him to put in the effort at this job. If you find your own motivation for achieving similar success, then it is entirely possible to replicate it.
What I was doing different from my peers is that when I came into work and worked from 8 AM to 5 PM I actually worked from 8 AM to 5 PM. So if there was downtime at work, I didn't go hang out at someone else's desk, or go get coffee for an hour...If I had downtime I actually studied material online in order to get certifications. So instead of goofing off, I just put my head down and decided I was going to get really good at this.
How To Replicate This Success?
The first thing to realize is that you do not need to be techy or knowledgable about CRM platforms to replicate this success. However, you will need to be driven and reasonably intelligent. Do not be afraid to try replicating this success, even if it feels a little bit outside of your comfort zone.
Once you decide you are ready to give this a try, here are the steps you need to follow:
Log into the training with your training org credentials from the first step.
Complete your first set of training. Start with the Trailhead Basics and the Beginner Admin courses.
Now, you can choose to take any courses that interest you. Bradley recommends taking the Intermediate Admin course.
Once you are comfortable with the skills, your first tangible goal is to pass the Salesforce Administrator exam which costs around $200.
Now you are ready to start job hunting with these skills!
Of course, your first job with these skills will likely not be extremely lucrative, but there is ample opportunity for upward mobility within this industry. The income limits of these jobs are phenomenal and have the power to supercharge your path to FI.
Your Income Potential With Salesforce Skills
At Dreamforce, an industry conference this year, the recruiting company Mason Frank performed a survey of the average salaries of the attendees. The survey was divided by roles, which will give you an idea of the earning potential for anyone with these skills.
Here’s a look at the roles within the industry and the income limits associated with each:
Administrator roles are generally considered the easier Salesforce positions. They understand what employees need and find ways to automate complex business processes. Generally, the earning potential is between $80,000 to $100,000
Developer roles are more involved in writing the Salesforce code. The earning potential is upwards of $130,000 to $200,000.
Salesforce consultants work with several companies on different projects. Due to the higher level of responsibility, consultants can easily make between $100,000 to $150,000 plus around $30,000 to $50,000 in bonuses depending on performance.
Salesforce team managers work with a team of people to deliver Salesforce services. At this highest level, the true cap is around $250,000 for someone with several years of experience.
As you can see, the earning potential as a Salesforce expert is high. If you choose to pursue this career, then you will have the potential to supercharge your journey to FI. However, you may decide that working full-time to maximize your income is no longer your priority. At some point, you may be forced to make a big decision between a high salary and more time at home.
How To Transition Into Part-Time Work
Before you automatically assume that working part-time is not an option for you, allow yourself to really think about the possibility. In many situations, your employer may be willing to work with you. At the very least, it doesn’t hurt to ask. In most situations where you are contributing value to an organization, they will not fire you just for asking about a part-time opportunity.
However, transitioning to part-time may not happen overnight. You may need to execute a very awkward conversation about your desire to spend more time at home. The transition will likely be uncomfortable, but it may be worth it in the end.
Related Podcast Episode: Drift With Bradley Rice
Why Bradley Did It
Before Bradley went part-time, he decided that he valued his time more than his current high salary. After all, we each start with only 24 hours in a day. Eight of those are for sleeping and 10.5 goes towards working and working related activities like commuting. We are left with just 5.5 hours for other life obligations, which may sound like a lot. However, when you factor in things like chores, preparing food, and side hustles, there is really only an hour or two of downtime to enjoy.
Those precious hours of downtime were not enough for Bradley, so he decided to make a change.
Once he determined his values, the next step was to find a way to reclaim his time. The natural solution was to transition into part-time work. Based on Bradley’s earning potential, he had the luxury of making this incredibly unconventional choice.
How Would His Income Be Affected?
Of course, he also had to get comfortable with the fact that cutting his hours also meant cutting his high salary. Luckily, this was a relatively easy decision for him. He was earning more than he ever expected to. Combine that with his frugal lifestyle, and he knew he would be fine with half his current income. Luckily, his wife was on board and together they decided to pursue a better work-life balance.
How He Did It
After deciding to go part-time, the next step was actually getting there.
First, he applied for full-time jobs that he was slightly overqualified for to get started. Next, he contacted the company’s recruiter and explained that he would like to perform the job duties part-time and from home. After convincing the recruiter to put him through to the hiring manager, he pitched his case:
Look you have someone in the office 8 hours a day... they are standing at their co-worker's desk talking about the latest trending YouTube video or how terrible the Superbowl was and taking half hour coffee breaks and hour and half lunches... and they are 30 minutes late to work everyday and they are really checked out at 4 PM every day... So what you are really only getting out of someone is maybe a five hour day... I'm sit down at 8 AM and I'm going to work until noon and I'm actually going to work. I'm going to take zero breaks. I'm not going to leave my computer and I'm going to knock this out for you. I'm going to be 100% responsive, I'm going to be the best employee you've ever had.
He's made this pitch twice and been hired both times. It's a win-win for everyone since the company gets the same job done but at half the cost.
Can You Transition Into Part-Time Work?
First, you need to be in a position of power. If you have nothing to lose, then there is no harm in asking. If you are not in a stable financial place, then you will have to take the job you can get. A solid financial foundation will allow you to make a power play for the work schedule you desire.
Most people are open to interesting and unconventional ideas, so it is worth asking for a part-time or work from home transition. However, not every job can be done remotely, so you need to consider that before asking for work from home arrangement.
If you are considering following Bradley’s path with Salesforce, then you will need two innate skills. You must be a self-starter that can work without anyone watching you. And you should have a mind that enjoys thinking about how a business works, even if you do not have experience in the field.
Life After The Transition
Now that Bradley is working part-time from home, the way he spends his time is much different.
The transition came with a pay cut that would push their FI date back into their mid-50s. They were willing to make the switch to maximize their current happiness. Although the Rice family made this decision knowing that they could live on half of Bradley’s income, he ended up making even more than his full-time salary in 2018.
Related: What Have You NOT Sacrificed On The Journey To FI?
Bradley was able to move to a local company that allows him to work remotely on a part-time basis after a two week trial period that sold them on his abilities. Even though they weren’t even hiring when he reached out, Bradley started messaging everyone he could find on Linkedin. In the end, the company turned out to be a great fit. The company gave him W-2 status which brought benefits like healthcare and retirement accounts.
After a few weeks, he realized that he could do the job in less than four hours a day. So instead of sitting idle, he used his downtime to start a consultant company on the side. After around two hours of paperwork and $200 to file it, he was officially an LLC in Florida. Quickly, he had clients to work with. In total, he spends around 25 total hours of work each week.
Here’s the best part: in 2018 he made $170,000 even while working just 25 hours a week. That’s $110,000 more than he thought he would make as a part-time worker! With that higher income, he ended up fast-tracking their FI date while transitioning to part-time work. However, this process has shown him that he enjoys working for a few hours a week, so will probably continue working around 5-10 hours a week even after they hit FI.
Bradley says he owes all of this success to getting his priorities in order. Taking the time to think through what he valued gave him the guiding light he needed to make the transition. After reclaiming an extra 5.5 hours a day, he has around 12 hours of flexible time to spend each day. Most of that time is spent with his daughter on outings to things in the Tampa area.
Last year, the family even tried out a year-long road trip! After around four months, they decided to stop their RV trip and had the choice to travel or live anywhere in the US but chose to visit family and friends. Bradley plans to return to Tampa with his young family soon.
How To Connect With Bradley
If you would like to learn more about how to replicate this success story, then reach out to Bradley. The easiest way is through Facebook in the ChooseFI Facebook Group. Just search for “Bradley Michael Rice” to connect. Feel free to reach out via messenger to talk through anything you’ve heard today.
Or, if you want to dip a toe into the world of Salesforce yourself, Bradley created a free 5-Day Salesforce Challenge to help you discover if Salesforce is something that might change your life like it did for him.
The Hot Seat
Favorite Blog: What's Up Next podcast.
Favorite Article: "The Tail End" on Wait But Why
Favorite Life Hack: Working part-time. If you can find a way to work part-time or work from home, then take it.
Biggest Financial Mistake: A series of car buying mistakes for a second car that eventually decided we didn't need.
The Advice You Would Give Your Younger Self: Be more aware of house hacking or real estate as a path to long-term income.
Which purchase have you made over the past 12 months that has brought the most value to your life? Percolator, which is a type of coffee maker, because it makes strong coffee by recycling the water over the grains. It was only about $40 on Amazon.
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New to FI? Be sure to check out Episode 100: Welcome To The FI Community!