A 10 Point Financial Survival Guide for Your 20s

It’s been said time and time again that we Millennials don’t appreciate the value of hard work. That we’re good for nothing deadbeats who don’t have any goals or ambitions.

If I felt that were true, then I wouldn’t have started New Inceptions. However, I know that there are many of us who are doing great things, but due to our focus on those great things, we start losing perspective in other areas of our life.

One of the things I believe that many of us don’t get the chance to focus on is finances. I know I didn’t know how to handle most of my finances until after my mom passed. It was because I suddenly had my inheritance that I was like “whoa, I need to figure out what I’m to do with these funds!”

So, now that it’s been a few years of managing assets, I feel that I should share with you some of the things that I did that have helped me keep above water.

Things I wish I would have Done in My 20s

1. Educate myself more about how long term investing works with day to day expenses. You know, I talk all the time about how I started paying attention to finances when I was in high school. And later in my early 20’s, I read Rich Dad Poor Dad series of books. But the truth is, the stuff I learned about finances is so out there from your day to day issues, that I started living for the future and not really paying attention to money planning that would benefit me in the nearer term.

For example, until 2011, I had no idea what IRAs (Roth or traditional), mutual funds, and annuities were or how they worked. I had no idea what index funds were and why I might like those more than mutual funds. No idea. I had no idea what I could be taxed on until I was actually taxed on it. Common Stock vs Preferred Stock? Distributions? Not a clue.

However, I have found some resources that have helped me get a better grip on where I am and what I’m looking to do, and I believe you’d get plenty out of them yourself.

Radio and TV:

  • Dave Ramsey Show (Start here if possible! Kinda all over the board.)
  • Suze Orman (She can be pretty truthful at times. However, you can tell she has passion!)

Blogs:

Books:

2. Build a Line of Credit

If you’re worried about taking on debt as a 20 something, that’s fine. Especially if you’re in college and don’t have a way to pay pack a huge debt that you can easily rack up on credit cards. That said, you need to realize that eventually you’re going to probably want to get a mortgage for a house. Let me tell you this can be a problem, even if you’re willing to put in 50% of the down payment. Any credit card will do nicely for this. Personally, I recommend something with a $1000 limit so that you don’t get tempted to use money that’s not yours on that new TV or wardrobe.

3. Start Tracking My Credit Score

If you’re going to start a credit card, you need to keep track of your credit score. The easiest way I’ve found to do this is by using a free service, but many times you’ll find out that they somehow start charging you on a monthly basis if they ask for a credit card or bank account. The best way to do that is through one of the three credit bureaus such as Equifax.

4. Start Watching My Identity

There are tons of ways that a person’s identity could be stolen today. So when you do use a card, you should probably figure out a way to put monitors up for your own piece of mind. Personally, I have two subscriptions. I use LifeLock AND Equifax to monitor my identity. I would think that LifeLock is good enough (there’s different plans available – I think mine is $100 a year?), but Equifax and the other credit bureaus have the ability to actually do something about your credit while LifeLock just monitors.

Even if you don’t get a service like LifeLock, I recommend checking your credit score at least once a year.

5. Start a retirement account.

Many people think that the word retirement refers to an age. To me, retirement doesn’t take an age. It takes an amount of money. It is the point where you no longer have to work to support yourself. Am I to that point? No. I don’t know if I ever will be. However, that doesn’t keep me from investing. The sooner, the better. In Tony Robbins book, he says, “You have to commit a certain percentage of your income to savings for your financial freedom. Whatever that number is — 10%, 15% — stick to it in good times and bad. Have it taken automatically from your paycheck and put directly into a retirement or savings account.” He says that if start doing this from your 30’s or especially your 20’s, you’ll live comfortably just as you hit your mid 50s.

In other words, it’s better to own a piece of Apple then it is to own the newest Apple phone. Personally for me, as I’m writing this, the one stock I do have is in Tesla and currently it’s up from where I bought it at $189/share to roughly $280/share. I also have a couple annuities, a mutual fund, and ownership in a couple of businesses, and some other odds and ends. Make money work for you sooner than later.

6. Start an emergency fund.

Even if you happen to strike it rich in your 20’s through your first job, you need to save some of that money. Always pay yourself first. Yes, I’d recommend starting to invest some of that, but you also need to keep some of it relatively free just in case. I mean, let’s face it – stuff happens! Instead of taking on more debt to pay for an accident with your car or first house, you’ll be able to pull from this emergency fund. I’d say make it a goal to set aside $1000 as a good starter amount. As you get older, you can increase it to better suit your needs.

7. Make a Plan to pay off Student Loans.

Currently, most of us who go to college do so partially thanks to Fannie Mae and friends. So make it a goal to start eating this elephant one bite at a time as soon as you get the previous items knocked out. First and foremost, get to the ones that have variable interest rates. You never know when the government will jack these up. After than, start looking at your federally backed loans. While the smaller per month payments might sound more manageable, in the long run you’re actually paying more through the interest. If you’re single and working, now’s a great a time as any to get started on repaying your loans. Get them knocked out before you start trying to do anything else in life such as starting a family or buying a house. I’d recommend using 10% of your paycheck towards paying them off.

8. Hustle Everyday (or at least every other day)

I was just listening to a podcast of Lewis Howe’s where he interviewed Kimberly Guilfoyle. Besides the fact that she’s a ball of fire (and if you listen to the interview, it’s easy to see why), she also has hustled most of her life. I mean, wow. Her track record is totally impressive. One part of the interview that stuck with me was when she was talking about when she was in school that she not only was a full time student getting a 4.0, she was also doing an internship at the local DA AND was manager in retail. I mean, that’s like… super hard. Being a student getting good grades was hard enough, let alone adding two other completely different roles on top of that!

Obviously, this shows that she hustled. She didn’t want to have loans when she was done. But it’s not like she did anything special. You can have her results too. Maybe instead of taking a non-paying internship, you can pick up something part time? Or if you already do work part time, perhaps you can pick something else up? Maybe be a tutor if you’re a upperclassman? Or if you’ve already graduated and are working in your first job, maybe the best thing you could do is start your first official business?

The point is, don’t put all your eggs in one basket. You never know what’s going to fall out the bottom.

9. Become a Picker

One of my favorite shows that I’ve been watching for a few years now is American Pickers. I started watching because of the old junk that they found and found value in – I inherited plenty and have a curiosity about it. Anymore, however, I’ve been watching to see how they start their negotiating with the people that they buy from. If you think about it, negotiation is something that those who are highly successful in business deals know how to do. Also, if you’re familiar with the movie Erin Brokovich, you’ll remember this clip. Needless to say, if you can learn to make a strong case to get something you desire, you’ll have the world by the horns.

10. Set Long Term Goals

Even though I read Rich Dad Poor Dad in my early college years, I never truly set any goals from reading it. I think if I had, I would probably be in a different financial situation than I am now. I’ve recently come to the conclusion that when it comes to goals, you definitely need a destination. However, I don’t know if the steps are nearly as important as everyone eludes to. If you don’t take part in the journey, it doesn’t matter where your destination is, you’ll never get there. Right?

If this is the case, it makes sense that we should be able to vividly describe what our ideal goals are. Where are you? Who are you with? What are you doing? These are all things that I think you should think about as you’re on your journey. That end might change a little here and there, but you’ll be much better off for doing it than if you had not.

Whatever your goals are, write them down and start working on them asap.

Can you think of any other financial goals a 20-something should do? Share them below in the comments!

11 Ways to Be Happier Day to Day

Empaths and Narcissists. Two very different types of people. You could say that they’re extremes. On one hand with the empath, you have a person who feels everything that is going on with themselves and the people around them. Perhaps they feel that they’re “out of this world” or misplaced because they see all the emotion. That they have superhuman powers to read people. To sense vibes. Many times, they absorb all these emotions that are around them feeling weighted down by the burdens of the world.

On the other hand, you have the narcissist. One could say that this is the opposite of the empath. They look at others as instruments to get what they want. Many times, these people have become like this because of some sort of pain they received earlier in their life. Furthermore, the narcissist won’t realize that the world doesn’t work this way. That the world is a two way street. They’ll literally do anything to get where they want to get to in life.

In either case, neither will likely be able to create their own happiness. The empath might think that having their own happiness is too selfish. The narcissist, on the other hand, will think that their unhappiness is everyone else’s fault. So why should they put time into it if no one else will?

That said, I think most of us that have struggled or currently struggle with being happy fall somewhere between these two extremes.

Your Happyness is Yours to Build

Just like many things, Happiness is a journey, not so much a destination. The Founding Fathers knew this when they mentioned it in the Declaration of Independence. If you should remember anything about July 4th this weekend, is that in the United States it is the God Given Right to live life, be free, and strive towards our own happiness – whatever that might be. So as we come to this celebration of what the US stands for, I wanted to break down 10 things that we can do to be more happy.

The reason why I recommend the Four Agreements on a regular basis is because I believe it has led me to be happier myself. The agreements are as follows:

Be Impeccable with Your Word

Don’t Take Anything Personal

Don’t Make Assumptions

Always Do Your Best

In these four, I’ve come up with a list of 11 key everyday practices that can help you gain more happiness daily.

Be Impeccable with Your Word

Stop Complaining

Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems. – Zig Ziglar

Chances are you don’t want to be around some that complains all the time. So why would anyone want to be around you if you do? If you must complain, give yourself 5 minutes to do so. Better yet, instead of complaining about something, instead look for a possible solution? No solution? Focus on the positive and perhaps cut a joke.

Focus on the Positive Things in Life

When you focus on problems, you’ll have more problems. When you focus on the possibilities, you’ll have more opportunities. – Unknown

The more you focus on negative things in your life, the more they’ll come in. It will show up in your work, your relations, and everything else. Instead, shift your attention to the positive perspective. In return, more positive things will come.

Blame yourself, not others

The moment you take responsibility for everything in your life is the moment you can change anything in your life. – Hal Elrod

Every one us is where we are in life due to choices we’ve made in the past. Sure, our circumstances are different, but more often then not, many of us take the easier route which in the long run makes us weaker for the hard stuff in life. Take the challenges as they come in life and you’ll be prepared for when crap really hits the fan.

Don’t Take Anything Personal

Stop Caring About What Others Think of You

If you care about what other people think, you will always be their prisoner. – James Frey

Every great leader, artist, entrepreneur, and/or political leader (George Bush is a painter now… wha!?) ignored what people thought of them at one point or another. If they didn’t, they wouldn’t be able to take off. Instead, if others are tearing you up, realize it’s more than likely because they’re envious OR threatened by you.

Stop Needing to Be Right All the Time

Humility is the solid foundation of all virtues. – Confucius

Learn to laugh at yourself. It’s ok to stand up for things you really believe in, but not on every subject. In stead of trying to be right, learn how to see other people’s point of view. When I argue politics on Facebook, I typically do after understanding the other side’s perspective. Start asking more questions to see other’s points of view, it might open a whole new perspective for yourself… one that you incorporate your old perspective and theirs into an ultimate right answer! 😉

Don’t Make Assumptions

Stop Judging

Ask Questions to Clarify

Begin challenging your assumptions. Your assumptions are the windows on the world. Scrub them off every once in awhile or the light won’t come in. – Alan Alda

This is simple. If you’re interested in being successful, learn to make things clear at the beginning. Yes, it’s impossible not to assume 100% of the time, especially if you’re doing something that has been multiple times before, but make sure you’re always asking questions to clear things up before it gets worse.

Always Do Your Best

Be Present

What is presence? It is a grounding and harmony in this very moment; it is a physical alertness, an emotional acceptance, a spiritual awareness and union with what is in front of us in the here and now; it is a vital consciousness to who we are and what we are sensing; it is a mindfulness to what is meaningful; it is the Way – Brendon Burchard

Brendon talks all the time about his life mission being “Did we live? Did I love? Did I matter?”. So often we find ourselves living in the past in how good things used to be. Or we live in the future in how we want things to be. Live in the present. You’ll never get to the future you want if you don’t appreciate where you are now.

Be Fearless

Being Fearless isn’t being 100% not fearful, it’s being terrified but you jump anyway… – Taylor Swift

Fear is a strong motivator in life. Perhaps possibly the strongest to not be great. Perhaps you’re worried about leaving friends behind. Perhaps you’re worried that you might fail in whatever you’re setting out to do. The hard truth is that at the end of the day or even your life, you’re going to wish that you at least tried to do something vs always dreaming “what if”. Don’t waste the gifts that you’ve been given. Go Do Your Thing.

Stop Being So Hard on Yourself

The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel. – Steven Furtick

I know I’m my own worst critic. I know that inside of us there’s a fan and there’s the scrooge. For many of us, we’ve been told our entire lives that we can do anything we want to do… just don’t screw up. Furthermore, school taught us, pass without failing.

What we don’t learn until after school is that we don’t learn in life without failing. Failing is part of life. Once you accept this, then you start relying more on the fan to motivate you. The scrooge will always be there saying, “you don’t deserve to be awesome”. However, as you start gaining success, you’ll listen to the fan more and more. While you might not be perfect, you give value to others.

Stop Worrying About the Small Stuff

Worry is a misuse of the imagination. – Dan Zadra

We worry about everything and anything. Part of limiting what influence the scrooge has is to realize that others aren’t perfect either. Just because someone isn’t replying to your emails, texts, or phone calls doesn’t mean they suddenly don’t like you.

Learn to focus on what you can do in the current moment and not worry so much on what the outcome is going to be.

Your Turn

So below in the comments, let me know what you do to feel happier on a day to day basis. Are there any tricks or tips that you do when you feel yourself getting down? Chime in and share!

5 Ways to Make Marriages Work

So, a few weeks ago during the middle of the Millennials as Entrepreneurs series, there was a little article that made some waves in my Facebook News Feed. While many friends agreed with it, Maria and I kinda thought it was a little off center.

As we were reading it, it occurred to both of us that the problems that the author, Anthony D’Ambrosio, noticed were superficial problems. That said, I think in general that the problems that many Millennials have are due to much deeper problems. Problems that are going to take some actual time and possibly some self investigation to figure out.

So, here’s my tough love advice in how Millennials (well, really, anyone) can make marriages work. After reading this list, I hope you’ll have better luck in the marriage department!

Statement 1: Sex Becomes Almost Non-existent

My Response: Check Yourself Before You Wreck Yourself

First and foremost, let’s not confuse sex columnists with relationship columnists. They are not one in the same. Sex experts generally run in the same circles as pickup artists and porn stars, while you usually find relationship columnists in circles of people like John Maxwell, Les Brown, or a Gary Chapman. They’re typically not the same people.

Need an example of who you might listen to? Ok. Then let’s take an example that I’m sure you’re familiar with: Dr. Drew Pinsky of Loveline.

Now, Dr. Drew has been in many of our lives since we were growing up. (It’s still hard for me to not think of him AND Adam Carolla hosting the show.) However, he’s not just about sex, even though many of us would think he is. He’s actually a licensed Physician and Surgeon. On top of that he’s been married since 1991 and has a couple of kids. So obviously, you can listen to him as he does have experience.

In contrast, sex educators like Emily Morse and Sandra Daugherty, while they might actually have credentials to talk about sex, you can tell just by listening to their podcasts that they have issues with relationships.

Also, you’ll also notice that in the political spectrum, relationship experts are generally more conservative while sex experts are more liberal.

So make sure you’re getting advice from the right kind of expert here.

Now that we have that ironed out, here’s something else to consider. Gary Chapman’s book, The 5 Love Languages tells you all you need to know about filling up your partner’s love tank. In the article, Anthony says that sex is the “most important part” of a relationship. Well, there’s a type of person that’s like that in Gary’s book. There’s also 4 other types of people who think that the most important part are other things.  One guess is that Anthony and his spouse might not have had matching love languages.

My recommendation? Find a partner who shares the same love language you have so that you don’t have to think about what fuels their fire, so to speak. 

Statement 2: Finances Cripple Us

My Response: Learn How to Live Under Your Means

Having grown up as the only child of a single mom, I’ve kind of always known about the problems of the household. People need to vent at times and frankly who else was she going to tell? Of the many things that my mom could have talked about, the thing that she did talk about the most was finances. I think mainly because she didn’t understand them herself until she was in her late 40’s. Even then, she wasn’t a master. So she made sure that I was interested enough to study them myself. In the end, I learned how to be frugal. Lol, who am I kidding. I might suffer from being a tight wad… but I’d sooner be that than out on the streets.

One of the things that Anthony talks about is that he can’t live life because of all the debt he has.

Well. I don’t have debt. Not much, anyway. Hell, I didn’t even have a credit card until a couple of years ago. Why? Cause either a.) I worked my tail off to get what I wanted in college and bought with cash. or b.) mom helped.

NEEDS vs WANTS

However, her helping me didn’t come free. There was a trade off somewhere. Many times my WANTS were put aside for my NEEDS. For example, I’ve never owned a brand new car. Would I like one, sure. Who wouldn’t? But instead at college, I rolled around in my 1983 Oldsmobile Firenza and later my 1995 Chrysler Lebaron. I made the trade of getting a college degree vs having a sporty looking import. (A side note, it’s 2015 and I just scored an awesome 2007 Dodge Magnum. Pretty pimp if I do say so myself. Has the space for the future me but the engine of the now me!)

Another want? To go on vacation. Like, for it to be paid for and not worry about money. As far as vacations go, the last vacation I took was my honeymoon in 2013. Thanks to gifts from my wedding. Before that, the last vacation I had was in 2003 to Las Vegas… where I didn’t play anything more than $50 at the slots? All other trips I’ve taken have been road trips to visit family. Not really vacation.

Don’t judge your life based on other’s high points.

Another thing he mentions is that he sees others having awesome lives. That we’re “forced to see the life everyone else is living.”

I don’t know what kind of life he’s living, but the awesome pictures that I see others posting on Facebook and other social media are more than likely those people’s high points. To judge yourself based on an endless stream of those highs, is really not fair to yourself. So stop it. Seriously. The people who travel all the time? They probably aren’t in a steady relationship unless you see that person too. The person who posts pictures of their family? They probably desperately want some alone time. One thing that has helped me out quite a bit is learning how to curate my news feed. Now all I get are pictures of cats, memes, and political stuff. Totally ok by me!

That said, if you have no idea how finances work, then you’re going to be the victim of your circumstances. Unfortunately, that rarely ends up at an ideal destination. Want to start learning about finance? A great source would be Dave Ramsey’s show and/or podcast. He’ll give you all the tough love you want.

Statement 3:We’re more connected than ever before, but completely disconnected at the same time.

My Response: Put down the controller and go outside, kid.

People who can’t learn to put down their phone or tablet or put down their laptop, apparently were never told to go play outside as a kid. I admit that I am the definition of a gamer and even I know when I’ve had enough. But that’s because I’ve been around technology all my life. I was a geek before it was trendy. I have this clock inside of me that tells me when it’s time to do something productive.

So, first hand, I’ll tell you this: If you want to lose time quickly, stare and interact with a screen that has moving things on it. Time will fly by, I guarantee it. Likewise, as an adult, poking at social media all day isn’t any different. The same synapses are firing in your brain.

Going outside to play makes life slow down as a kid. As an adult, putting down your phone and just being present is what you should be striving towards. Stop worrying about things you can’t control. You’ll drive yourself insane if you do otherwise. Don’t let your social media and technology control you. Learn to control it. Learn to know when enough is enough.

Statement 4: Our desire for attention outweighs our desire to be loved

My Response: There’s an empty hole inside you, dear serial selfie taker.

I have never taken a selfie. Not once. Have I had other take a picture of me? Yes, of course. There’s a difference. In my case, a big difference. I’ve never enjoyed having pictures of me taken – even when I was a kid. I know a part of it was that I didn’t like looking good in pictures – that kind of still lingers to this day. However, I think the biggest thing was that I didn’t like being the focus of attention. I’ve never been interested in being a celebrity.

However, there’s a difference in being a celebrity vs what celebrities have, don’t get me wrong. If I could be a part of the infamous 1%, I would. Even with the media hating on them and people constantly trying to assassinate them or the need of constantly having to worry about million dollar deals on a daily basis, I’d think that would be awesome. Why? Simply because with money does come options to help people in ways that no one person can do otherwise and frankly, who wouldn’t want the ability to have the finer things in life if it was desired?

But outside of being a teacher and speaker, I have no interest in being in front of people. If I am going to be in front of people, I better be adding value to them. 

Statement 5: Social media just invited a few thousand people into bed with you.

My Response: This is actually a continuation of Statement 4…

Ok, so you don’t take selfies. I’ll give you points for that. But why would people feel it necessary to take pictures of their wardrobes? Or during their date? Why? What’s that going to get them? Again… you’re going for bragging rights or least some form of being a celebrity. The last I heard, true celebrities are made the old fashioned way. They’re selected by the powers that be. Just because some people Liked your last Instagram picture, doesn’t make you an insta-celebrity. If you want people to stick around in your life, leave them feeling better than when they came in it. They’ll never forget you.

So, that’s just my 2p…

What about you? Are you or anyone you know struggling with the above problems? Are you guilty of some of these? Is your significant other? How about a friend and their mate? Did you say anything similar to what I’ve said above? In the comments below, I’d like to hear about cases in your life… and if they were a friend, what you told them!

The Emperor of Books on Empire Road

Somewhere on a road in South Africa is a homeless man. This homeless man, is no beggar, however. Instead, he earns by adding value to those around him. How? By doing something that is so inherently simple but so removed from his current condition that it’s kinda out of this world.

Philani reviews books. Not only does he review the books, but he also reviews authors AND publishers as well. The guy is amazing. To have that kind of knowledge, you have to have to read a ton!

When asked why he doesn’t sell drugs, he says, “I hate what drugs can do to you. You continue on into a money making machine.”

Watch more about Philani below:

In a world where people are looking for the next handout, this should serve as motivation for them to add their voice to the world. This guy is homeless – but yet he has it figured out. He’s adding value to the world and I’d be surprised that he’s on the street that much longer. Comment below on how you are or could possibly add value to the world.

How to Successfully Go Through the Minefield

Recently, I had the chance to listen to Tom Kunz, past president of Century 21, tell a story about a fellow who had the opportunity to have a private golf lesson with a certain professional golfer. There wasn’t much to the story but there was definitely a key part that I remember that went something like this:

“(The man) was out playing golf with the professional golfer. The Pro was watching him, trying to find out how the guy could improve his swing. In doing so, the Pro asked the guy what club he used the least and asked for it. The Man gave him the club and the Pro continued to swing the club as he would with one of his.

The ball flew and landed where he had aimed. He then turned around to the Man and said “Well, we now know it’s not the equipment!”

What Does It Mean?

There are various things we can pull from this story. For instance we could have realized that people are professionals because they can do things that most others can’t do as well. To become a pro, he probably had to put a lot of time into his craft.

The obvious thing I got from this story was that most of the time… it’s not the equipment. It’s not anyone else’s fault that you haven’t succeeded. You are a product of your own choices. The man probably wasn’t great with that club because he hadn’t used it.

Association is Key

Even those two things stick out there’s probably a more important aspect that is probably more important that might escape all of us at first. We might miss the forest for the trees. How? Well, this story reminded me that is association is important. Luckily, the man in the story had decided that he wanted to have help with his golf swing and found someone that had success at the level that he wanted. It would have taken him a lot more time if he had tried finding out the problem himself. Heck, he probably might not have ever tried using the club and would have focused more on just changing his swing on other clubs that he was better at. Now he knew that if he spent more time honing his time on this new tool, he might have more success in the future. Which was the better path to take? Personally, I don’t know. I’m not a golfer. However, the Pro had more experience and gave the man a pro’s perspective.

Once you figure out where you want to go in life, association with those that have been where you want to go is very important. It’s better to get experience from those who have already gone through the minefield so that you don’t have to find out the answers yourself.

Thoughts?

Personally I have gotten to associate with plenty of people who are where I want to be in the future. But I still would love to get more time in with those are more successful than me in topics like internet marketing, passive income, and success.

What are your thoughts in finding association. Is there anything that is key that you would look for when you are looking for people to help you?

I look forward to reading your responses. Have a wonderful week and congratulations to the Boilermakers football team who once again was able to beat Ohio State! Boiler Up. 🙂

Cheers!

plague of millennials

The Plague of the Millennials: Impatience

Recently I became a certified John Maxwell Coach, Trainer, and Speaker. I did this by taking a trip to his home town of West Palm Beach and had a week long training session of learning the basics of being a coach and a speaker. It was a really unique experience and one that I had to do something I hadn’t done in 7 years – fly! (Which in itself as an experience getting down there, but that’s another story altogether!)

One of the things that I was thinking during the trip was what my niche is going to be in the near future as I start this very interesting career of adding value to others. I had several ideas, but I kept coming back to one main one: creating leaders in the “Lost Generation”.

What makes up this generation? Mainly Millennials. They are those who are commonly thought as Gen Y’ers or to employers: those who want to do little work but get big rewards. I know I’m guilty of having this mentality – it’s why I knew I needed a coach. And in return, I want to be the coach for those who realize they need that help as well. So I know there’s a market – and this post I read recently reinforces that.

I like to think of myself as a Gen XY’er. And while Jason has good points, one thing I disagree with is his perspective of Tim Ferriss. To me, what little I read from Tim’s book (I’m getting better at reading books all the way through!) – he’s pretty close to the ideal world of the Gen Y’er. However, it’s not Tim’s fault that they want this – it’s the environment of the current generation. People are products of their environment.

True, many Gen Y’ers don’t know what it’s like to have to work for something. And when they do, they expect results quickly (again, I understand this perspective from first hand experience!).

However, I do understand the “farmer’s” perspective. You put enough seeds in the ground then you’re going to get a harvest. The more seeds, the larger the harvest. Meaning, anything you stick with for a long time and consecutively work at, you’re going to get good at it – at least. The problem I see is that people aren’t patient. They never learn fully how to use the farming equipment. Furthermore, if those people have kids, then those kids are even less patient.

This is what happened with many Millennials. And I believe it can completely be altered into something productive. However, too much patience can be a problem as well (as I’ve found out).  Why? Well, going back to the farming analogy, if you spend too much time with one seed and not planting others, there’s a good chance you might not any harvest at all. Put that impatience to good use and you can get reward from the ideas of the “4 Hour Work Week” – just like Pat has.

What are your thoughts in impatience in Millennials? Is that’s what “wrong” with them?

Class Warfare 101

I listen to and read a numerous amount of sources about politics. One of those sources is reddit. If you don’t know what reddit is, I highly recommend you take some time to make an account and explore it. Whatever your interests are, you probably can find a subreddit there.

One of the subreddits that I follow there is the “political” one. For the most part it’s full of progressive thinkers.You can find that out yourself by checking it out at reddit. As a follower of this blog, you probably know that I take the opposite stance of that perspective. I don’t understand how people can think that the economy can be fixed by just spending money… the government spending money – that we continuously have to raise the debt ceiling. I mean, we might as well raise it to a Gazillion dollars, ya know?

Today there was a post that was shared from a lefty blog that just made me laugh. (Here’s the link to the reddit link.) It just boggled my mind. Basically the writer of the post was going on about how there’s more of an income gap between classes here in the US than there are Egypt.

Well, duh. Yes there is.

Egyptians were under a dictatorship… we’re not. I would assume they were forced to be in certain income brackets – where, we’re not. No one is stopping anyone here from starting a business and making more money… other than the Bush and Obama administrations taxing and spending more.

Face it, the reason we have an income inequality gap is because the wealthy isn’t doing anything with their money (smart thinking!!) because they don’t know what to invest in because the past two administrations suck and the poor needs that money flowing otherwise they get poorer.

The writer of this post simply was wanting people with less money than “wealthy” people to envy them. Make them think that they’re the problem. That they’re the ones to blame. This has all the makings of class warfare ala Nazism vs the Jews.

I mean according to this blog… apparently all rich people are bad. So you best not try to be one yourself!! You’ll be bad too!

This is silly.

In my experience, money is simply an amplifier of a person’s personality. If the person is bad, they’ll do bad things with the money, if they’re good, they’ll do good things with it. In either case, they shouldn’t be forced to do anything with it. That’s essentially what taxes look like to everyone. However, taxes are needed – but definitely not in the percentages we see today through different classes. If they are forced to, others should pay their fair share of taxes if we’re gonna tax the heck out of the wealthy. People who are willing to work for that money shouldn’t be penalized because they were successful in obtaining it. Most often than not, they weren’t shaisters to get it. Most wealthy people become wealthy by actually helping others in selling a product a service…

The Solution:

Let’s just have a flat tax on everyone so the job making wealthy know what they have to earn to out earn their taxes so they can buy that new mansion and the middle class can figure out if there’s indeed a need for new mansions – which would probably provide 3 or 4 jobs for a good part of two years for those who can’t start a business right now!

If you don’t start your own business (you’re own safety net), you’ll always be dependent on someone else for your income. It’s your decision to make more money than you’re paid on an hourly basis – not someone else’s. Maybe you’ll never make as much as them, but you won’t know unless you try. But you shouldn’t tear others down, just to build yourself up. Don’t blame others for your situation. Hitler did – it didn’t end up working out so well for him, did it?