John Corcoran from Smart Business Revolution is a networking expert. He tells us why networking is important and how he paid off $600,000 in debt.
Between 2006-2010 John racked up over half a million dollars in debt mostly through equity lines of credit. He was working during that period which is why he was able to get so much credit but he went back to law school and incurred $129,000 in student loan debt.
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He graduated law school at the worst time to find work as an attorney and worked a series of jobs for small firms. During this time he wasn’t making enough to tackle the debt mountain. It wasn’t until he started his own firm that he could start to make some progress. In 2010 he sold his rental property and a year and a half later sold his condo, it wasn’t a great time to sell but it enabled him to clear most of the debt. Not everyone has property to see in order to pay off debt but not everyone accumulated that debt by taking out huge lines of credit.
John has always enjoyed writing and has always been good at developing relationships. He married these things together and started Smart Business Revolution to teach others how to build relationships that will help further your career. Sadly, he confirms that it’s more whom you know than what you know. It’s not fair but you know it so growing your network is important.
What you have to offer others doesn’t always have to be related to your industry. You probably aren’t going to give Mark Cuban business advice but you might be able to tell him about a great new restaurant. Find commonality with the person you are trying to build a relationship with. Try just having a normal human conversation.
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Check out John’s article on how he paid off his debt and his website and podcast to help you build your business relationships.
Blue Moon: A Belgian white that a party guest left a lot of at Andrew’s house.
Yards Extra Special Ale: An English style ale.
Anchor Steam Beer: Finally, a West Coast beer on the show!
Smart Business Revolution/moneymatters: As a special gift to our listeners, follow this link to download John’s book about how to network in order to make more money. Thanks John!
Smart Business Revolution Podcast: We already know you like podcast so check out John’s.