Tag Archives: money

There’s a MAJOR stock market crash coming! – Stock Series Ep. 1 w/ Jim Collins

In this 10 part video series, Jim Collins shares his advice about investing in the stock market. He’s been investing for over 40 years and financially independent for 25.

Today’s topic: Why you should expect several major stock market crashes in your lifetime and that’s OK 🙂

Valuing Your Time (feat. Joshua Sheats, Jason Fieber, and Kraig Mathias)

Last year we made a video about how your free time cannot be valued the same as your hourly wage. This week we wanted to revisit that idea with the help of Joshua Sheats (Radical Personal Finance), Jason Fieber (Dividend Mantra), and Kraig Mathias (Create My Independence) as our special guests.

Links:
How Much is Your Free Time Worth – https://goo.gl/oZoPfG
Most Profitable DIY Skills for Beginners – https://goo.gl/B93xMC
The Convenience Paradox – https://goo.gl/TtV9BM

Joshua Sheats – http://radicalpersonalfinance.com/
Jason Fieber – http://dividendmantra.com/
Kraig Mathias – http://createmyindependence.com/

What Is Your Financial Situation? | Fix Your Finances

Before we can begin to talk about budgeting or investing, we need to get an idea for where you’re at financially. The easiest way to do that is to start tracking your spending for a month.

You can do that by hand, but there are websites and software that will do it for you. We use http://mint.com. We have been using it trouble free for over 5 years. It’s tracked and categorized almost 6500 transactions!

While we’re waiting for data to accumulate, you can calculate your net worth to see where you stand financially.

NOTE: If you are a viewer outside of USA, you can purchase a program called “You Need A Budget” (YNAB) that makes manual expense tracking easy.

Fix Your Finances – Series Introduction

Our most requested video topic is basic personal finance. In this new video series we want to cover the fundamentals of managing your money with simple explanations that anyone can understand.

Topics will include:
Budgeting
Credit Cards
Living Below Your Means
Getting Out Of Debt
Emergency Funds
Insurance (Health and Life)
Taxes
And many others!

Let us know if the comments which topics you’d like covered so we can add it to the list!

Everyone Thinks About Money

People often assume we obsess over money. That’s actually pretty far from the truth. In fact, we propose you might think about money more than we do.

What’s more important is that you approach every financial decision from a place of strength and control, not weakness. In the video, we discuss a few reasons why our lifestyle lends itself to that mindset.

How to Get a Promotion (The Hard Way)

This video started as a response to a question about getting ahead on minimum wage. But I quickly realized that my advice for someone working an entry level job is the same I would give myself today to get noticed.

The short version is you need to become your boss’s most responsible and reliable employee.

Here’s a few ways you can do that:

  1. Show up early or on time for every single shift. No excuses.
  2. Always be working. Even when things are slow, never stop doing. Depending on your line of work that might mean cleaning or organizing, stocking, or even just smiling and greeting. (When all of your co-workers are on their phones, you be doing side work.)
  3. Be a good co-worker. Being unlikable will cast a shadow on all of the hard work you’re doing. Do the things that make their jobs easier, even if it makes yours more difficult.

Once you’ve proven yourself responsible, you’re ready to become a silent influencer. Silent influencers are the ones who are quick to perform and slow to take credit. The raise themselves up by bringing everyone around them with them. (Example in video)

Once you have influence, you’ll be given more responsibility and opportunities to prove yourself. Now is the time to step up and perform. You need to become INVALUABLE. We are not paid for our time, we’re paid for the value we create. Make sure you provide more value for your boss then you are paid for. Only then are you in a position where you can confidently ask for a promotion and raise.

UPDATE: One of our subscribers dhawkins0000able had some great tips to add to the list. Here they are:

1) Show up. Be on time, if not early.–Sounds simple…it is. Don’t call in sick 5min before your shift…call as early as possible.
2) Volunteer. Sometimes managers would let us pick from a list of closing duties…picked the hardest, nastiest, or dirtiest (cleaning floor drains, grease vents)–This helps you stand out as a “go-getter” and “hard-worker”.
3) Ask. Express an interest in becoming a shift leader (advancement), and work toward it (learn SOPs).
4) Be Flexible. Often, the more flexible with your schedule, the more opportunities you will be able to accept. Would you be ready if a 3rd shift supervisor slot became available?
5) Attitude. Smile, and act like you want to be there. Nobody likes to be around people who just sap the energy right out of you.

Life with Mike | Business Failures, Frugality, Adventure | Mike and Lauren LIVE!

Our 2nd LIVE show! Every Tuesday at 8:30PM EST. Tonight we’re going to talk about life with Mike from Lauren’s perspective. How does she keep supporting my continual failed business attempts? Did she inherit my frugality?

Be sure to make comments in the comments section to the right of the video player on YouTube. Thanks!

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