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The 21-step mentoring program that Ryan is trying to sell you is, in fact, one of the best-selling products of MOBE. That’s why he is trying to hide the company name (MOBE) in his sales pitch. And that’s why the My Millionaire Mentor sign-up button sends you to the MOBE page:
My Millionaire Mentor Review – Scam or Sweet Opportunity $500 Profit Guaranteed Ok people it is time for another review of a “money on autopilot system” that claims you will get rich in no time, and without you having to do any work at all. What is My Millionaire Mentor? Is it legit or is it just another scam?
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So you know about some of the powerful savings tools, but you may be wondering where you get the extra cash to invest. Well, there can be a number of places – it first starts with your budget. Match up your monthly income with your expenses for the month. Can you cut back on your dining out? Do you really need that manicure once a week? Can you save money on your current insurance? Try shopping around for other carriers for better rates. Do you really need permanent life insurance (whole or universal life) when you could be saving hundreds with term insurance? (see Buying Life Insurance: Term versus Permanent)
“Three streams of income seems to be the magic number for the self-made millionaires in my Rich Habits study, but the more income streams you can create in life, the more secure will your financial house be,” he writes.
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What, exactly, does it take to become a millionaire? If you’re like me, you may envision Scrooge McDuck swimming the backstroke across a sea of gold coins, the spoils of a charmed life. The reality, however, is that most millionaires have built their wealth through scrappy perseverance and a diverse portfolio.
Create a budget and stick to it religiously. Before you go out shopping, calculate exactly how much cash you need and leave the rest behind. Leave the plastic behind too — studies show that people spend significantly more when they are carrying a credit card.
Don’t let your family or friends take second choice while you pursue your ambitions. There is no choice you have to make. Just educate yourself a little… If people only knew that with a little bit more information they could be 1000 times more successful.
you have to have disposal income to start investing. If you are in debt, you need to pay off the debt first or you will never be out of debt. Paying off a house is a debate that many have. If you have car/credit card debt, pay those off first. Then, The simplest way to invest is to go to Vanguard/Fidelity, pick your Brokerage house and set up a brokerage account and start to buy an index mutual fund that contains the total US stock market and a fund that contains the total international stock market. you are now diversified and own every stock. the aveage, basic investor will never pick the correct stock to make them money. Just buy index funds since they are the cheapest funds to own. If the Dow goes up 10%, your fund goes up 10%. .001% of the money managers can consistently beat the market and you will never have access to those people. Then if you get more education and understand the mutual funds, you can move in ETFs, which are mutual funds that trade like stocks. Most of these are cheaper than mutual funds. Do some research and look at the expense ratio of what these funds charge to hold. That is your single most important factor. A mutual fund with a 1% expense will eat 20% of your profit if the fund earns 5%. ETFs and some Index mutual funds have an expense ratio of less than .15%, some lower than .10% because they are not actively managed. Go to Vanguard.com and learn about the mutual funds and ETFs.
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