Alright, now that you’re all grown up (right?), you’ve got an education, and you’re on your way to a building a budding career, it’s time to get on your feet financially. There are a few key goals you can begin to achieve right now that will set you up for financial success in life. By following these goals myself, I was able to go from having thousands of dollars of debt when I graduated college, to having a net worth of over $300,000 just 10 years later. Let’s explore those goals here, … [Read more...]
How to Get Started Investing in Stocks
In the last post, we talked about how a young and dumb version of myself lost thousands of dollars by doing some pretty boneheaded things when I started my "investing" career. If you missed that one, you can check it out here. You'll want to understand the lessons within that one before getting too far into this training. Now I want to help you with your next question - how to get started investing in stocks. In this training, I want to introduce you to a simple way to do just that … [Read more...]
How I Lost Thousands of Dollars in the Stock Market, and How My Grandma Saved Me From Myself
I've been answering quite a few questions on Quora lately from novice investors. I guess it's good that people are at least asking questions rather than sitting and doing nothing, but either way, it's a little bit scary what's out there. These are the wrong questions to be asking. They're all centered around getting rich quick - which I'm sorry to tell you, doesn't happen with investing unless you're hustling and have a lot of money to throw around. But then I think back to how … [Read more...]
Financial Automation: All of the Apps, Websites, and Services I Use to Drive My Financial Automation System
Until today, I haven't gone into great detail about the inner workings of my financial automation system that I yap about so much, not because I'm hiding it or anything, but just because it's a bit of a bear. But I've been getting a lot of questions about how I pull it all off lately from a lot of eager readers - including my buddy Justin from Limitless365 who I just profiled in the previous post - so I've decided to pull back the curtains and reveal it all. Here it is folks, in … [Read more...]
What To Do With Your Tax Refund to Improve Your Financial Position and Avoid Financial Peril
Here we are - right in the thick of tax season in the United States. What to do with your tax refund is likely one of the biggest questions on your mind, and the dangerous temptations to make bad decisions are coming from everywhere. Banks are offering you crazy amounts of cash for new accountsCell phone companies are offering ridiculous buyouts on your contractsWhat was once a Lee's Famous Chicken is now a tax preparation office, who will obviously get you a "max refund" (they won't and … [Read more...]
How to Think Differently About Money This Year
Let me ask you a question. Have you ever sat back and thought about how your mindset about money might be affecting the financial position that you're in, or even the life position that you're in? Most mass media blogs only seem to talk about "saving money" "cutting back" "reducing costs" etc. Why? Because it's easy to optimize what you already have, and it's incredibly easy for them to write about this. Optimization is an important part of your personal finances, but cutting … [Read more...]
Seven Silly Personal Finance Myths That Are Making You Poor
If you've been a part of Academy Success for any decent amount of time, you'll know that I tend to think a little bit differently than the masses. Ultimately, the masses are largely ordinary, and if you wanted to be ordinary, you wouldn't be reading this right now. So today, as part of our goal to create a better financial life for you this year, I challenge you to behave more like the financially successfully by busting open a few myths you may have ingrained into your mind - probably … [Read more...]
The Only Three Money Principles You Need to Be Rich
I could easily pull a page out of every other financial blog out there, and toss you up a big list of 72 ways to make yourself rich, but while those articles get a lot of buzz, they're just too complicated and shallow, and rarely help you think differently about the way you live your life. As you likely already know, I'm not here to pull in billions of pageviews. I'm here to help you behave successfully, and make real tangible changes happen in your life. So as I start to gear the content … [Read more...]
Good or Bad? How Our Parents Have Influenced Our Financial Habits
Many people blame their parents for facing financial failures or drawbacks. Did your dad’s nose bar you from getting a prom date? And, what about your mom’s hips that absorb every piece of chocolate that you have? Well, the shape of your wallet could also be impacted by your parents, but these traits come from your upbringing, not through genetics. My attitude about money, whether I spend, save, find a financial balance or even the amount of money that I earn, is most often determined by … [Read more...]