You might have just landed on the page that changes how you look at money for the rest of your life.
Trust me. That’s a good thing.
Let me briefly explain….
MuM is the core principles of what this blog is about and what we are committed to. Most people have a HUGE disconnect with their finances and basically I’m fed up with it and not going to take it anymore. Boo-yah!
MuM was initially erected from the Roth IRA Movement where I inspired over 140 bloggers all to write about how freaking awesome the Roth IRA is all on the same day.
I followed that with the Life Insurance Movement making sure that you weren’t skimping out and making sure your family is protected. (If you still don’t have affordable term life insurance, go HERE immediately).
In 2013, I (with ReadyForZero.com) launched The Debt Movement where we are currently motivating people to pay off $10 million dollars of debt.
In January 2014 I launched what is now a lifetime goal: Operation: #investNOW. This movement is a bit different in that I want to encourage over 1 million people to invest in themselves.
Although these movement were all independent each other, they all had one similar underling theme:
—> It’s time to step up and take control of YOUR money. <—
Below is the core beliefs of what those movements were about and what The Money Uprising Movement (and this blog) stand for.
We Never Believe It’s
Too Late to Get Started
But just because you procrastinated for the last decade and haven’t saved a dime, doesn’t mean it’s too late.
It’s time to “soldier up” and figure out what the minimum item you need to do get started.
We Never Become
When I was deployed to Iraq, we were always instructed to not become complacent.
For us that meant don’t get too comfortable with our surroundings and let the enemy get us while our guard is down.
Are you “financially complacent’?
If you’re not sure, answer these quick questions:
- What is your 401k currently invested into?
- When’s the last time you checked your credit report?
- How much are you saving each month for retirement?
The subtitle of my book is “Take Charge of Your Money and Invest in Your Future”. The first part is most crucial “Take Charge of Your Money“.
Stop being complacent with your money and learn how to make fast cash!
We Know There’s More
Than One Right Way to
You should ONLY buy index funds. Why?
Active managed funds are the BEST thing ever! Perhaps….
You should NEVER use credit cards. Ummm….but I like getting cash back.
My motto has always been “different strokes for different folks.”
While I hate target date funds (and think you should, too), that doesn’t mean that you are WRONG for using them.
Be careful of those that look to cram their ideals down your throat. Just because it worked for them, does NOT mean it will work for you.
We Always Trust, but Verify
A good friend of yours suggests to invest into some stock that he has officially labeled “the next BIG thing”.
Do you dump all your money into it and hope for the best?
If so, slap the back of your hand and throw cold water in your face. If you are joining The MuM, you never invest into anything that you haven’t done a little bit of research yourself or at least obtained a second opinion.
Before you act on any investment tip, follow these guidelines:
Tell me you didn’t get excited about a stock tip from your co-worker that day trades their 401k? If you were my kid, I would put you in timeout.
Ask yourself, “Why is this so good?”
I love when people watch Jim Cramer and then come to me ready to buy some stock so they can make millions. Warning: I may head butt you for this stupidity.
Is it really a game changer?
If you invested every single penny you had into it and the stock doubled, would that drastically change your life? Reversing roles: what if you lost every single penny you invested into it? If that would affect you more than making a little bit of profit it’s not worth it.
Verifying also applies before hiring a trusted advisor. Surprisingly, more than 70% of other people don’t do a background check before hiring a financial advisor.
I say “other” because that’s not you.
We Keep Our Debt in Check – Fool!
Mr. T says, “I pity the fool that has too much debt!”
Okay, I really don’t know if he said that, but he should have!
I’m cool with people using credit cards for rewards that pay them off each month. What I’m not cool with is people abusing their credit privileges and constantly looking for how to get a loan from the bank to buy crap they don’t need.
Just because you can afford your monthly payment, doesn’t make you in financial good shape. That’s what one guy tried to make me believe and I filmed a financial rant video about him. Don’t be the topic of my next video.
You have been warned.
$50,000 of debt is not a “little bit of debt”!
To get out of debt you have to know what you’re working in. Drop the denial and attack it with a vengeance.
Debt can crush you. I’ve seen it firsthand with clients, friends, and my own family. Getting out of debt should be your priority.
If you’re in denial, don’t be. You need to know exactly how much debt you have. Some clients tried to convince me that they only had a “little bit of debt”. Turns out they had over $50,000 of debt!
<insert panic attack>
We Keep on Getting
After taking my last final of my senior of college I remember saying to myself, “I just took the last exam of my life. Yes!” =)
I couldn’t have been any more wrong. =(
Since then, I’ve taken tests for my Series 7, Series 66, Series 24, AAMS designation, insurance licenses and, the CFP® exam.
Above that I’m constantly devouring new books (especially love books for entrepreneurs), reading blog posts and trade publications, purchasing online courses and on and on and on.
I expect the same out of you. The world is every evolving and you HAVE to stay ahead of the curve.
For you, this could be getting your Masters or Doctorate degree. It could be getting a new certification for you current job.
Whatever it is, you have to stay hungry and keep advancing yourself.
Why? Because I guarantee there’s someone out there who’s just as hungry (or hungrier) as you and they’ll pass you up and leave you in the dust.
We Invest In Ourselves (because if we don’t, who will?)
One of the best things I’ve ever done personally and professionally is invest in myself. I mentioned above how I obtained my Certified Financial Planner designation.
Did I mention that I had to pay for it out of pocket? Did I also mention that I did not get a pay raise for getting it?
I put myself through the misery of an 11 month fast track study program because I craved the knowledge I would have from going through it. I also knew that while I wouldn’t see an immediate boost in income that eventually it would more than pay for itself, which it has 100x over!
- Traditional investing into my 401k through my business (stocks, mutual funds)
- Peer to Peer lending (accounts with Prosper and Lending Club)
- Enrolled in my 1st coaching program (The Strategic Coach)
- Invest time into a weekly mastermind group where we share business ideas
- Invest into my online business. I detail all of that here.
- Purchased several online training programs
- And on and on and on……
I’ll never stop investing in myself and you shouldn’t either.
We Never Blame Other People for Our Money Struggles
“My parents won’t help me out anymore!”
“My job sucks!”
“I just can’t catch any breaks!”
Listen. Life sucks and we all know it. You can waste your time complaining about your situation or you can do something about it.
Say and do something positive that will help the situation; it doesn’t take any brains to complain.”
Robert A. Cook
If you chose to join the MuM, it’s time to start doing. You are the only one that change your situation.
Sure, people are going to screw you over along the way, but it’s not your job to worry about them. Don’t worry. They’ll get theirs eventually.
Focus on what you can control. And for peep’s sake, stop blaming other people!
—> End Rant <—
We Take Care of
Our Battle Buddies
They know your darkest secrets and will go to bat for you even if it means they take the heat for it.
Most importantly, they are not afraid to “keep it real” with you when they know you’re screwing up.
If you’ve seen Good Will Hunting, then you would know that Ben Affleck’s character is the epitome of a battle buddy.