David Koch’s 6 Life Lessons and His Road to Glory


A seven network star, David Koch who started from the bottom has grown to a big level within no time, and here’s all that you need to know about his secrets. Do you think that you will get your salary doubled within no time? Success doesn’t come overnight; it takes time and a lot depends on the way you carry out things.

Be an Opportunist

David Koch himself was an opportunist when they offered him the job as an editor. As time passed by, he worked on his basics and kept grabbing the right opportunities at the right time, and today he hosts the show. A seven network star, at times, can’t believe that he has grown exponentially. So, it’s all about grabbing the right opportunities when they come your way

Don’t Wonder ‘What If’ – Just Give it a Go!

“Always have enough confidence in yourself to give anything a go. But also have enough confidence, if it doesn’t work out, to go and do something else.” That’s the single best bit of advice I’ve ever received, and I’ve tried to follow it to the letter. It came from my father, and I’m trying to pass it down to my children. In essence, it means never be scared of an opportunity. Grab it, give it your best shot, and if it doesn’t work out, then move on to something else. But never be left wondering ‘what if?’

Be Unique

When I was a young, ambitious 25-year-old journalist, I looked around at all the finance media icons to see what I could learn and how I could be as good. They were all highly skilled with great contacts and much older than I was.

So I looked for what could be the next big thing in finance journalism, something so new and different than the usual rules wouldn’t apply and age wouldn’t matter.

I’d seen the boom in personal finance media in the US while visiting my parents, who were living in San Francisco at the time. So I decided to do the same thing in Australia. I think the key in any career is to look around and find an in-demand specialty where you can develop a unique set of skills that can set you apart from the rest.

Set Your Goals

Every New Year I ask Libby and the kids what goals they’ve set for themselves for the next 12 months. For years they’d laugh at me. As they got older, there were fewer laughs and even a couple of answers.

Life’s so busy these days that we don’t seem to take a deep breath, stop and think about what we want to do as individuals. But if you don’t have some sort of map, how do you know where you want to get to?

Always Keep a Back-Up for Your Salary

I’ve always vowed I’d never depend on radio or television for a living. While they’re great jobs, in some ways they’re horrible industries to be in because they’re so cutthroat and volatile. When you have a single income, a couple of kids and a mortgage, that volatility is unacceptable. So I’ve always worked other jobs on the side because I don’t want to put the family at risk.

That little stash of cash from a second job gives you a fallback position for when things go wrong and flexibility.

There’s no doubt money is important. Being paid what you’re worth is important. But it isn’t the be all and end all.

My top priority has always been to be in a job I love and then be paid appropriately for doing it. I’ve always thought it’s better to be happy to be paid a little below what you’re worth and keep your job than push for every last dollar and run the risk of being let go at the next downturn.

Like most industries, the media runs in cycles.

So many people stress about how much they’re being paid down to the last dollar. I tend to look at the other rewards first and balance them up — enjoyment, colleagues, potential, conditions.

Find a Mentor

A Mentee always needs a good mentor to guide him through his thick and thin. When you graduate from school, you can’t make a decision on your own. A mentor is required to show you the right path towards success, likewise a professional mentor can make a huge difference to your life.

So, don’t overlook this aspect, and find the right mentor who can show you the right path, and uplift your spirits when you feel low and beaten down.


Please enter your comment!
Please enter your name here