Thursday, June 4, 2015

Best Advice You Can Get In Your 20s IF You Want to Be Wealthy

What the hap's everyone?

Announcing the Launch of the Health and Wealth Network ...

It’s the aquila’s turn to be carried by this legionary.  My last blog post was meant for future members of Camp Rich, Spartans.  This one is slated for future members of Camp Wealthy, Romans.  Before I share what I know about what it takes to be wealthy, I will give you a summary look at the contrasting archetypes that are Spartans and Romans.  These descriptions are straight out of my eBook money personality, self-discover quiz: Do I Want to Be Rich or Wealthy? (Free when you subscribe to this blog).

Spartans belong to Camp Rich.  Some of their characteristics include:

Following the financial future path society believes is the most reliable.  They experience intense fear when presented with a new venture.  If they choose in favor of the venture and fail at it, they are critical of their decision to have undertaken the venture and of themselves.  They agree with the statement: There’s a finite amount of money and money-making ideas are hard to come by.  Like everyone else, they have negative thoughts about their personal potential enter their minds; they listen, and respond by acquiring more self-learning or education to shut these thoughts down.  Stress from lack of money is motivation to stop spending, to hold and scale back.  Their biggest deathbed regret is not having saved enough for retirement, and would be proud of never having experienced financial ruin.  Finally, if you forced a Spartan of Camp Rich to rank the following two words: “Assets”/Retiring,” in order of importance, they would always produce: 1) Retiring, 2) Assets, in this order.  Spartans are not obsessed with acquiring assets; they’re obsessed with saving enough for a plush retirement.
Romans belong to Camp Wealthy.  Some of their characteristics include:

Not playing by society’s rules when it comes to their financial futures.  Like everyone else they experience new venture fear, but are able to make fear an afterthought by channeling all of their focus on the “reward” directly in front of them.  They are very capable of putting the sting of failure (from a monetary endeavor) past them.  They live by the motto: There’s an abundance of money and money-making ideas.  Like everyone else, they have negative thoughts about their personal potential enter their minds; they ignore them, and get busy building their empire.  Stress from lack of money is motivation to keep doing, not hold or scale back.  Their biggest deathbed regret is NOT having experienced financial ruin; rather, it would be not having given their dream venture a shot.  Finally, if you forced a Roman of Camp Wealth to rank the following two words: “Assets”/“Retiring,” in order of importance, they would always produce: 1) Assets, 2) Retiring, in this order.  Romans are not obsessed with retirement; they’re obsessed with acquiring assets.  

Let’s also now look at the Spartan pyramid of financial success and then compare it to the Roman pyramid:

The Roman pyramid of financial success would look like this:


*See how assets fall into play at the bottom.

Interesting, isn’t it?  Now I have to confess something.  Even though I am a Roman at heart, I have for the longest time lived the life of a Spartan.  I didn't know any other way to live until my mid-twenties.  By then, I had embarked on a Spartan road that was difficult to turn back from, and now I’m stuck in the middle, building a Roman empire with a Spartan foundation.  Is this even possible?  Yes.  That’s why you don’t have to be in your 20s to benefit from the rest of this article.

To help me, help you, I have enlisted a very special guest for all of you, my father-in-law, Travis Grimmett.  I have met many Romans in my life, but this one, happens to currently be staying in my home, convalescing from a leg infection.  So it is easiest to call on him (he’s not going anywhere anytime soon) to share what the Roman way of life is all about.  But first, a little bit about Mr. Grimmett:

He attended some college, but never graduated.
He once worked for a phone company (would lease actual phones to people back in these times) and quit, despite his boss letting him and his co-workers sit around doing nothing all day.
He worked as a car salesman for several years and quit.
He played tennis at various country clubs in So Cal during his formative years.
He once ordered and purchased a Mercedes roadster (his dream car, a 380SL convertible) from a dealer here in the Los Angeles area, only to have it confiscated by U.S. Customs agents at his home two days later.
He’s been a builder, developing communities from the land, up.
He’s been a real estate investor.
He’s been a hard money lender.
He’s bought and sold companies (and their shares) listed in the OTC market.
He’s been shot at by an angry construction worker at one of his developments.  Funny story.
He had a barbecue island business once, and had to sleep on the showroom floor many nights.
There’s not a story I've heard from him that didn't include the mention of his partners….meaning, he’s always had others with skin in the game, working with him.

I’d like to finish up by giving young people key insights about becoming wealthy that I've come to realize now in my late thirties.  Millennials (and the rest of us still trying), if you want to be wealthy, the secret is…

Start a business!  I cannot stress enough to you how incredibly profound having started, my LLC, has been for me.  I have learned more about becoming wealthy and being a Roman in one year, than I ever did in all the years before I turned 38.  In all honesty, I seriously think I've even gotten smarter, like picking up a few IQ points, just from starting my own business.  It’s laughable, I know, but if I believe it, what does it matter, right?  CCM, LLC allowed me to fully appreciate the power of CCM blog, and of my media channels.  The passive income I have coming in from my eBooks, and CCM blog, all funnel back into my business.  Instead of talking about it, let me show you:

Now imagine the oval becoming larger as each of the three sources produces more income.  That’s where this bad boy is going, y’all!

I know what you’re thinking, Carlos, starting a business takes lots of capital.  Capital that we don’t have!  This is a 20th century mindset.  The cost of starting a business is free in some cases or less than a few hundred dollars in many others.  Here’s what you do, for regular track, as opposed to fast track naturals that become start-up CEOs, e.g.

Ages 14-18:

Add followers to your Twitter, Pinterest, Instagram, and Facebook, like your life depends on it. Start asking for your peer's emails your senior year and create an email list using a free service like

Build the biggest possible following you can get!  Be sure to engage your followers, even if at this point in time you have no idea what type of business you want to someday create.  Just stay active!  Be like this teen here: Marc Guberti, @MarcGuberti.  I have been following Marc on Twitter for over a year and he has shared some very useful information on his timeline.  Marc is a blogger, author, digital marketing expert, and you name it.  He’s got over 200K followers on Twitter!  If Marc wanted to create a course for high school students using Udemy on how to be entrepreneurial like him, do you know how many people would sign up for it?  Thousands!  I’d be the first to recommend it to all my social media contacts.  It’s a known fact that high school students learn from their peers better than they do from their teachers or adults!  Marc, do us all a big societal favor and please, please, create a “Be Like Marc” Udemy course for HS students.

Also, keep track of the trends.  This should be a natural thing to do since you are a part of the youngest consumer group. Trends may inspire your big payday!

Ages 19 and older:
Continue building your social media following.  Create surveys asking your contacts to inform you of the problems they are having.  Send out these surveys as many times as it takes for you to get viable data that could lead to the start of a problem solving (and potentially lucrative) business.  Pick the platform to resolve your followers’ problem.  The platforms are:

  1. A unique website you own that is an e-commerce site.  Remember, I recommended Steve's site, a few blog posts ago as the best for providing subscribers with awesome AND free information on making bank doing e-commerce.
  2. A blog.  Instead of struggling to find a niche, do this:  Go to some of the best affiliate websites, like and look at all of the Advertisers, i.e., the businesses paying affiliate marketers for promoting and selling a product.  Make sure that your future blog, a) helps solve your followers’ problem, and b) that there exists plenty of advertisers.  Why?  Because even though you may be able to solve your followers’ problems with great content, and with a product you created that’s for sale, you do not want to exclude other possible streams of income.  Starting a blog can be technical.  Clearing this hurdle leads to others, obviously, but I want you to have the best chance at getting started.  For the most comprehensive information online about starting a blog, go to one of the sites I frequent often, The Penny Hoarder: How-to-start-a-blog-the-ultimate-guide.
  3. A network marketing company. In addition to learning about leveraging your time and duplicating, a great direct-sales company will train you in approaching a warm market, prospecting, sales calls, presenting to people, moving product, and much more. However, this platform is not solely about gaining skills. If you're persevering and work your business following the system your sponsor shares with you with fidelity, you can make thousands of dollars a month doing NM. Google: Best network marketing companies or something similar and explore the possibilities.
  4. YouTube. Though many have become YouTube celebrities, and have made hundreds of thousands a year from their videos, I suggest you use this platform to support #1 and #2 above. Sure you could try to build channel subscribers all through high school with videos of you playing video games in your room or teaching others about healthy hair products. It's been done. You'd be better off waiting to use YT to visually enhance your platforms, 1, 2, and 3.  

Though you can become wealthy in other ways, e.g., by building a real estate empire, getting in on the ground of a start-up, an inheritance, etc., the previous four recommendations are saturated with free online information you could absorb and put to use, spending very little to begin.  Other benefits of starting a business right out of high school is the lessons you will learn from the mistakes you make.  I have learned that business development leads to mistakes, which lead to new insights, which lead to discoveries that are the lifeblood of what could end up being an entirely new, better designed, and more lucrative business.  This is essentially a description of entrepreneurship.

Finally, wealth can be squandered.  We've seen it happen over and over.  My father-in-law squandered most of his wealth.  That is why if becoming wealthy for many Romans is never about retirement.  It's about building a legacy, of leaving something behind to be remembered for.  It's why Warren Buffett is still working, and why despite many wealthy people being loaded beyond belief do not stop acquiring more wealth.  Let me leave you with this last image, painting what I mean:

I appreciate you stopping by CCM Blog. To keep tuning in without missing a beat, I encourage you to subscribe. Thanks!

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