Order of Man - Get Your Financial House in Order ｜ FRIDAY FIELD NOTES

00:00:00.000 You're a man of action. You live life to the fullest, embrace your fears, and boldly chart

00:00:05.000 your own path. When life knocks you down, you get back up one more time, every time.

00:00:10.440 You are not easily deterred or defeated, rugged, resilient, strong. This is your life. This is who

00:00:17.240 you are. This is who you will become. At the end of the day, and after all is said and done,

00:00:22.800 you can call yourself a man. Gentlemen, what is going on today? My name is Ryan Michler,

00:00:27.620 and I am the host and the founder of the podcast and the movement that is Order of Man. As of the

00:00:34.140 end of this year, we've been going for about four and a half years, and I'm absolutely blown away with

00:00:39.040 the level of growth. You know, I didn't throw my hat in the ring in reclaiming and restoring

00:00:43.520 masculinity without some sort of hope or goal or ambition to make this the most successful 0.96

00:00:48.840 resource for improving your life as a man. But I'm, I wouldn't say surprised, but

00:00:57.360 I am, I don't know how to say it. I guess I would just say that, uh, I'm honored you're here.

00:01:03.740 It's amazing how many men that we're reaching. And that's a testament, not to necessarily what

00:01:07.960 we're doing or what I'm doing or how great I may or may not be at podcasting, but the fact that this

00:01:13.940 message needs to be heard and it's resonating with you and millions and millions of men across the

00:01:19.100 planet. You guys are helping your families. You're stepping up in your communities. You're connecting

00:01:23.080 with your kids. You're fixing yourselves. You're, you're just improving who you are as a man. And

00:01:27.220 that helps you. That helps your family and that helps society. So I'm glad to be leading this

00:01:32.400 movement. Uh, this is a podcast. If you're new, uh, dedicated to giving you the tools and resources

00:01:36.760 you need to step up and become more capable as a man right now, you're listening to your Friday

00:01:41.040 field notes, which is my thoughts and ramblings and ideas from throughout the week. And I've got a very,

00:01:46.400 very important one lined up for you today on the topic of finances. Uh, because a lot of you guys

00:01:52.220 are going to be thinking about that as we get into new year's and new year's resolutions, et cetera,

00:01:55.840 et cetera. So, uh, we're going to jump right into this thing without any announcements. Uh,

00:02:00.480 I may have some announcements or some tips or resources for you from, from throughout today's

00:02:06.100 discussion. But, uh, like I said, we'll just jump right into it today. We're going to be talking

00:02:11.160 about getting your financial house in order. I know, I know that this is crucial. Uh, this is critical

00:02:17.060 for you. Look, being wealthy doesn't necessarily and inherently make you a man, but having capital

00:02:24.780 building up your resources, building up your financial equity will help you do the things

00:02:31.000 that will make you more of a man. It will help you engage with your community. It'll help you be

00:02:35.720 more engaged at home. It'll help you bring products and goods and services to market that are going to

00:02:41.140 serve you and those who you're trying to help and serve in some capacity. So this is a good thing.

00:02:48.180 This is an important thing. And it's frustrating for a lot of guys who have had not had money in

00:02:53.080 their lives because of how challenging it is and how consuming it is when you're broke. That's all

00:02:58.240 you're thinking about. All you're thinking about is how am I going to pay the mortgage? How am I going

00:03:02.020 to put food on the table? How am I going to make my living? Uh, and you don't have the capacity

00:03:06.420 physically, mentally, emotionally for anything else more pressing than that. So today I've got,

00:03:12.060 I don't even know. I've got maybe 10 tips here. I just wrote some things down. Uh, I am

00:03:16.880 maybe a little bit more qualified to talk about this than your average Joe, because I spent about

00:03:22.540 nine years as a financial advisor. Now I'm not going to give you any specific financial tips.

00:03:27.960 Uh, these are general tips that I think will help you if you adhere to these principles and these

00:03:32.400 strategies and incorporate them in your life. So let's just get right into this, uh, without a

00:03:37.080 whole lot of other introduction or beating around the bush. Let's just get into it. Number one is

00:03:41.960 commit to being wealthy guys. If you want to build wealth in your life, you have to commit to building

00:03:47.780 wealth in your life. You have to commit to being wealthy. You have to commit to having money and you

00:03:53.080 have to reconcile the idea that just because you're wealthy doesn't inherently make you bad or greedy

00:04:01.840 or a pig or any number of, of demeaning titles that people like to place on those who have built

00:04:10.560 wealth. This is an increasingly, well, it's just an increasing problem in society. As I see so many 0.52

00:04:17.440 people who villainize those who have managed to build wealth, they talk about their greedy, their pigs, 0.97

00:04:23.760 they're hoarding money. It comes at the expense of everybody else. And that just isn't the case. 0.94

00:04:28.500 Wealthy people, at least the overwhelming majority of wealthy people have built that wealth through

00:04:35.420 hard work, through ingenuity, through creativeness and offering a product, a good, or a service to

00:04:41.980 the market in exchange for money. Money is simply a medium of exchange. That's all it is. And if you

00:04:50.440 believe, if you believe that building wealth or the wealthy are inherently wrong or evil, et cetera,

00:04:56.440 et cetera, then you're at the same time, closing yourself off to building wealth in your life.

00:05:02.460 And you will potentially even subconsciously, uh, sabotage yourself and keep yourself from building

00:05:10.520 the wealth that you say you want, but deep down, you can't seem to reconcile. And there's this conflict

00:05:15.740 between what you want and what you think you're supposed to have, or what people will think of you

00:05:21.820 because you built wealth. So look, I've, I've had both. I've been poor in my life. I've been pacing

00:05:28.020 around in my life in a backyard, wondering how I'm going to make the mortgage payment.

00:05:31.960 Uh, my businesses almost failed. In fact, my financial planning practice early on was really,

00:05:37.060 really struggling. And I've been in positions where I've had moderate levels of wealth and been able

00:05:42.060 to do the things that I want to do. And I'm telling you that it's better to have money.

00:05:46.060 Money. You can donate more to charity. You can be more engaged with your family. You can invest in

00:05:50.980 causes that are important to you. You can build goods and services. You have the emotional and

00:05:56.000 mental freedom to be able to focus on more pressing issues than wondering how you're going to put food

00:06:01.300 on the table or clothes on your back. It's always better to have money. And people will say, well,

00:06:07.240 money makes you bad. Or, or you hear things like, uh, money is the root of all evil. Well,

00:06:13.240 money is a magnifier. So it's only going to make you more of what you already are.

00:06:18.280 So if you have some thoughts in your mind that, uh, aren't virtuous or moral, then money is going

00:06:25.500 to enhance those thoughts and also give you the ability potentially to even act more so on those

00:06:30.720 thoughts. But if you're a moral human being with a good moral compass and a code of conduct in which

00:06:36.760 you operate and a heart to serve and a desire to lead in your communities and your businesses and your

00:06:42.220 family, then money is going to more effectively help you do that. So the first step to building

00:06:47.640 any measurable amount of wealth in your life is to commit to doing it. And then we can move into

00:06:53.160 these next few steps that I have for you. But if you don't have the mental commitment,

00:06:56.900 then you'll give up, you'll sabotage yourself unknowingly. Uh, and you just won't build the

00:07:01.860 wealth that you would like to have that most people would like to have. All right. Number two

00:07:05.780 is pay off your debt. It's pay off your debt. It's amazing to me how much debt that we collectively

00:07:14.660 have amassed from student loans to, uh, medical bills, to car payments, to mortgages, uh, personal

00:07:23.320 loans. It's absolutely ridiculous. And what has happened is we collectively have normalized debt. 0.60

00:07:31.420 But it is not normal and not healthy to owe somebody else something, maybe for a certain

00:07:39.720 period of time, maybe you leverage a loan in order to secure assets that you can build

00:07:44.320 and grow a business, uh, or to secure a home. But ultimately you need to pay that thing off

00:07:49.080 as quickly as possible. The other thing that we've run into is mistaking the notion that you

00:07:55.080 can afford something with the notion that you can afford the payment. And those are different

00:08:00.840 things. You might be able to afford three or $400 in your budget, but you can't necessarily

00:08:05.700 afford 50, $60,000 on that new truck that you want. And I've noticed in my life is I have

00:08:11.800 continued to enslave myself in debt, uh, is it's destructive. It's it, it destroys capital.

00:08:21.080 It destroys resources, not those who's collecting debt from you, but for you, it destroys your

00:08:27.000 peace of mind. It destroys your sovereignty because this, this debt's just looming and

00:08:32.080 hanging over your shoulder and you can't think about anything else. So number one, commit to

00:08:38.900 being wealthy. Number two, pay off the debt. And that takes a high level of commitment.

00:08:43.460 That means that you're going to have to stop spending on things that you normally would spend

00:08:47.140 on that. You're going to have to forego a couple of opportunities or a couple of vacations or a

00:08:51.420 couple of new purchases because debt becomes the number one priority. Get that stuff paid off as

00:08:57.240 quickly as possible. Uh, I happen to like Dave Ramsey's debt snowball. He talks quite a bit about,

00:09:02.560 which is to take your lowest debt balance and apply all your discretionary income towards that

00:09:08.580 one. First, not distribute it evenly across all debt, just the lowest debt balance. First,

00:09:13.980 once that's paid off, take the payment and your discretionary income, roll it to the next highest

00:09:19.920 debt, uh, balance, and then move from there. That to me, based on my experience with hundreds

00:09:27.080 and hundreds of clients in my financial planning practice over eight to nine years seems to be not

00:09:32.440 only the best financially when you look at the numbers, but there's a lot of, uh, a lot of

00:09:37.000 considerations that go well beyond the math and, and having that debt paid off that way in a debt

00:09:42.580 snowball fashion is the best in my experience. So pay that debt off. Number three, do a weekly

00:09:48.460 budget. This is nothing new. A lot of people talk about a budget. A lot of people talk about making

00:09:53.360 sure that you're tracking your income and expenses and where the money's going and where it's coming

00:09:57.380 from. All of that is wonderful. But if you're only doing it once a month, it's just not enough.

00:10:01.720 Too much happens between the beginning of the month and the end of the month for you just to focus on

00:10:06.780 this thing. One time in a 30 day timeframe, I would say, do a weekly meeting and make sure it's

00:10:13.000 scheduled. I would recommend that you do it the same day every single week. So you get in the habit

00:10:20.160 and you get at the routine of saying, okay, Monday evening is our debt, uh, is where I go in and I

00:10:25.460 budget or Thursday morning or whatever, whatever it is for you, but it's gotta be a weekly meeting.

00:10:31.760 And so what you're going to do is you're going to take a spreadsheet or you're going to take a tool

00:10:36.180 that you might use like a mint or your banking software or QuickBooks or into it, any of these that

00:10:42.800 you might use. And you're going to go in and you're going to categorize. I happen to use QuickBooks

00:10:48.020 syncs directly with my bank. And then what I'll do is I'll go in there and I'll say, okay, well,

00:10:52.900 here's my expenses. And it automatically classifies them. If it doesn't know what it is,

00:10:57.820 it asks me what category I should place it in. I start categorizing these, it starts learning,

00:11:02.520 which is nice because that means my budgeting meeting every week is quicker and quicker because

00:11:08.460 it starts to identify what it is. The other thing that it's helped me do is not spend so much simply

00:11:13.540 because I don't want to categorize it and I don't want to go through there. And that is the value of

00:11:17.920 doing it weekly is because it's on the top of your mind. You're more aware of what's going on.

00:11:22.620 You're more aware of your income and expenses. It's it's, it's on the forefront of your mind.

00:11:27.380 And it's been said that what gets measured gets improved. So if you want to lose weight,

00:11:31.560 of course you've got to work out, but you should also jump on the scale. If you want to pay off

00:11:35.760 debt, it's not always comfortable to know that you've amassed a hundred thousand or more of debt,

00:11:40.200 but you've got to know that in order to pay it off. If you want to know where your income and

00:11:44.440 expenses are going and all your money seems to be slipping away from, well, then you've got to look

00:11:48.420 at it and figure out what exactly is happening to your income. What is happening with your expenses

00:11:53.120 and where all your money is going on a weekly basis. Now, number four is very much on the same

00:11:59.480 line. And this is going to apply more. If you're married, you have a partner, somebody that you're

00:12:04.580 managing the money jointly. Uh, and that, uh, somebody is spending out of the same account as you.

00:12:11.160 And that is a money meeting. Now this is separate than a budget. Although the budget is, could be

00:12:17.620 inclusive of that. A money meeting is sitting down with your wife or your partner, your significant

00:12:23.160 other, talking with them about any upcoming expenses, upcoming income, uh, where she is spending

00:12:31.560 money, where you're spending money. If there's any unforeseen events, this is Christmas time we're

00:12:36.580 talking about here. So usually there's some extra spending and trying to figure out like,

00:12:41.380 what are we spending money on? And just getting on the same page. It's very, very important. We

00:12:47.040 have talked about the importance of communication in this podcast at length. And it is amazing to me

00:12:53.700 how many husbands and wives do not communicate about this stuff. Typically what happens is the husband

00:12:59.740 takes care of the financials and the wife doesn't really know what's going on. So she may be spending 1.00

00:13:04.860 money. The husband isn't including her, but then he gets mad for her spending money. And she doesn't 0.99

00:13:09.500 know how much money they have or how much money she should spend. And so they're like, there's this

00:13:13.500 conflict. The way that you figure out and fix that conflict is you communicate with each other.

00:13:19.860 It's that simple. Just communicate with each other and talk about what income is coming in,

00:13:25.420 what expenses are going out, what unforeseen events may we have that, that are coming up like Christmas

00:13:31.240 or little Timmy's got to get some braces. These are the things that you need to be aware of.

00:13:36.760 Get on the same page. And also there's accountability built into this. If my wife, 1.00

00:13:41.740 for example, is spending money and she doesn't think I'm looking at it, there's no, there's no

00:13:46.480 reckoning there. And maybe reckoning is not the right word to say, but there's no level of accountability

00:13:51.360 there and vice versa. If I'm just spending money and she never gets an opportunity to look at it,

00:13:55.760 I can be reckless with what I'm doing. So I prefer to allow her to see and explain to her

00:14:01.380 what it is I'm doing and how I'm using the money to better our situation. And also I want her to

00:14:06.940 know how, what she's doing and how her decisions are bettering or worsening our situation. And that

00:14:12.780 tip number four about having a money meeting with your significant other is a very good step in that

00:14:18.800 direction. Number five. Now, when we're talking about building wealth, a lot of us talk about,

00:14:25.000 you know, paying off debt and investing in the stock market or businesses or real estate or whatever

00:14:29.840 it is we're going to do. And we're going to get into that. But one commonly overlooked area is to

00:14:35.800 develop valuable skills. That is an investment in yourself and investing in yourself in developing

00:14:44.020 and building valuable skills that can be traded in the market for money is going to return dividends

00:14:51.040 to you. It is such a valuable thing to do. So when we're talking about investments and we're talking

00:14:55.960 about businesses and real estate in the stock market and exotics and everything else, it, we shouldn't

00:15:00.880 overlook investing in ourselves and building up valuable skills that we can then go out into the market

00:15:07.440 and utilize. And people will pay us for those goods and services. So if you need to go to a conference

00:15:13.720 or you need to pick up a new designation or certification or you need to learn a new trade,

00:15:19.840 it's okay to invest in yourself. Now be very, very careful about going into debt. I'm not going to say

00:15:25.940 there's good debt and bad debt, but I am going to say there's prudent debt. There's decisions that you

00:15:31.060 can make where it's prudent that maybe you do go into a little debt in order to invest in a valuable

00:15:36.220 skill or resource that you can then utilize to return that money back to you. Make sure that

00:15:42.960 you're developing valuable skills. And along the same lines, number six is look to your current

00:15:49.620 situation. You may be able to get a promotion. You might be able to go in today. Even this is an

00:15:56.680 exercise that you may be in the position where you can do right now, where you can go talk with your

00:16:00.940 manager, supervisor, boss, and ask for a raise and say, I would like a raise because of X, Y, and Z.

00:16:07.320 This is actually a very good time to do it because we're moving into the new year and the budget and

00:16:13.940 everything else is going to be flexible and allowable for that come the new year potentially. So go in,

00:16:20.080 talk with your supervisor, manager, boss, whoever makes those decisions, explain to them why you deserve

00:16:25.320 a raise. And here's the kicker, not even the kicker, the important thing. Explain and

00:16:30.700 communicate and illustrate why it is in their best interest to give you a race.

00:16:36.200 If you can do that, it's going to be very, very difficult for that individual not to want to give

00:16:41.600 you a raise. So what would be in their best interest? Well, it gives you freedom. It gives

00:16:45.960 you flexibility. It gives you maybe some, some clout that comes with a promotion that may allow you to

00:16:52.460 invest in new things and build up the organization and build up the company. And these are all important

00:16:57.600 things for the organization. So talk about what you have done well for the organization and why

00:17:03.600 they're in a better position because you are at that company. I would be very, very careful of

00:17:08.800 delivering any sort of ultimatums. Now you might do that as a last, last effort resort. If you've got

00:17:14.800 something lined out already, but I'd be very, very careful about bluffing. And I've heard people do this.

00:17:20.100 They'll go in, they'll say, Hey, if I don't get a raise, then I'm going to leave and go work with

00:17:24.300 this other company. And it's a bluff to get a raise. And then the company says, okay, well go

00:17:28.600 ahead and do that. Well, now you're in trouble and you got to backpedal out of that a little bit.

00:17:32.640 That actually is a scenario that happened to me when I was very, very young. And I think my second

00:17:37.200 or third job, and I asked for a raise that way. I said, if I don't get a raise, I'm going to have to

00:17:41.280 leave. And my boss at the time said, okay, well go ahead and leave. And I had to backpedal out of that

00:17:47.460 situation and ended up working out, but I would be very, very careful of delivering ultimatums

00:17:53.280 unless they're backed up. That's what it can't be a bluff. It's got to be legitimate. And that

00:17:58.840 gives you power in the negotiating table as well. The other thing along the same lines, and again,

00:18:02.780 we're still on point number six is potentially just starting a new business. How can you generate

00:18:07.360 more money in your household? Can you sell a few items around the house? And if you do, then apply it

00:18:11.940 to debt, which was point number two, pay off that debt. These things all work together. If you have a yard

00:18:16.680 sale or you sell some furniture or sell some things around the house that maybe you don't need,

00:18:20.260 maybe you have a few more guns as if that's a thing that you'd like. Maybe you sell a gun or two,

00:18:25.320 whatever. You know what you can sell and what you don't want to sell. But if you'd use that,

00:18:30.420 take that, invest it back in yourself, take that money and pay off debt, take that money and invest

00:18:34.700 it somewhere else, which we're going to get to here in a minute, but be very prudent. But there's

00:18:39.120 opportunities to sell things around the house. There's opportunities to pick up some freelance work,

00:18:44.160 to do some work off the side. There's also moonlighting where you take what you're currently

00:18:50.140 doing and assuming that your company is okay with this, that maybe you do some of the same work on

00:18:56.260 the side. So you're not having to learn a new skill. But there's some side work that's in line

00:19:01.620 with what you're already doing. That's a thought as well. But make sure again on that one, make sure

00:19:05.840 your company knows. So there's no conflict of interest there and your bases are covered. All right.

00:19:11.040 Number seven. Now we've talked about paying off debt. We've talked about investing in yourself.

00:19:15.260 We've talked about making more money, money, meaning budgeting, et cetera, et cetera.

00:19:21.060 Now let's talk about investing. So number one, just start putting money in the bank. That's the

00:19:26.280 very first step. A lot of people will say, Hey, you know how much money or, or where, where should I put

00:19:30.940 my money? What's the best rate of return that you can get me? And my answer to that is how much money

00:19:36.420 are you saving? And a lot of times I'll hear people say, well, I'm not saving a thing.

00:19:39.820 If you're not saving a dime, it doesn't really matter where you put it because zero or a hundred

00:19:44.480 percent return on zero is zero. It's not, it's nothing. So you need to learn how to set money

00:19:51.960 aside. So I would get a separate account, potentially even a separate bank account in a separate bank

00:19:58.440 and start depositing money there on a weekly basis. Or every time you get paid, you know,

00:20:04.420 I make $2,000 or I make 5,000 or I make $10,000. Great. Take 200 or 500 or a thousand and just have

00:20:10.820 it automatically deposited into that bank account where you can wash your hands of it, not think

00:20:15.800 about it. If you're not looking at it, you won't know what's there. And then one day you'll go back

00:20:20.580 in a year or two and look at it and you'll have 12,000, 20, 30 grand in that account before you know

00:20:26.300 it. So just get good at saving money. I don't even care if it's $20, $20 is infinitely better

00:20:33.020 than zero. All right. $500 is better than 20, a thousand is better than 500, but you'll get to

00:20:40.400 that point. But you have to start. What a lot of people will say is they'll say, well, you know,

00:20:44.800 I can't, I can't save as much money as I'd like. So I'm just going to wait until I get to that point

00:20:49.020 where I can save as much as I want. That's not how this works. That would be like saying,

00:20:53.080 I don't want to go into the gym until I get in shape. You go to the gym to get into shape.

00:20:59.040 You start investing with what you currently have so that you can build up to the day

00:21:03.760 when you're investing, how much you think you'd like to start investing. Do it now with regardless

00:21:09.520 of how much money it, I don't even care if it's a dollar, do it now, get in the habit,

00:21:13.960 build the systems in place, have the infrastructure to be able to house those resources as you up your

00:21:19.200 contribution levels. And you'll be in a much better position. Number eight. So, so number seven

00:21:25.660 was putting money in the bank. All right. You've got money in the bank. The debt's paid off. You're

00:21:30.160 having a weekly meeting. Your wife is on board with what you're doing. You've developed new skills.

00:21:34.860 You're getting paid more because you asked for a promotion or you got a raise, or you started a

00:21:38.620 new business, or you went and worked with a new company. Now, what do you do? The first thing you do

00:21:43.780 is you don't move into real estate or you don't move into business, or you don't move into paintings

00:21:47.880 or cars or exotics. So now what you do, the first step in building wealth is to start channeling some

00:21:54.840 of your resources, some into a diversified, broadly invested, low turnover, mutual fund.

00:22:05.820 I'm not going to give you specifics on what fund, but you want something that is low cost,

00:22:11.400 that's low turnover, and that is broadly diversified. And you want to start putting money

00:22:17.520 into there. Again, I'm not going to get into the specifics of funds. I'm not even going to get

00:22:22.220 into the specifics of, should I do a Roth IRA or a 401k or a simple IRA or a simplified employee

00:22:29.300 pension or a 401k or just standard mutual funds. You need to figure out what it is you want to do,

00:22:36.440 potentially talk with a financial advisor or potentially your advisor who helps with your

00:22:40.440 employee retirement services. They will help you with that. But again, you want to look for

00:22:46.400 low cost, low traded, low turnover, and highly diversified mutual funds. That is going to be

00:22:56.060 your best route. And you're going to start channeling some money there outside of what

00:22:59.680 you've already built in your bank account. That's step number, I guess you'd say two, when it comes to

00:23:04.660 building wealth, step number one is just starting to put money in the bank. Then from there, now that

00:23:11.360 you, again, you've paid off debt, you've learned valuable skills, you're getting paid more. You're

00:23:16.920 having meetings with your wife. You've got money set aside in the bank account. You're funneled,

00:23:20.660 funneled some money into your retirement plans or mutual funds. Now, what do you do from there? Okay.

00:23:25.680 Now you can look into real estate. Now you can look into businesses, potentially maybe even some

00:23:32.460 higher yield, higher risk investments that might come or present themselves because of the position

00:23:39.720 that you're in. But you have to do this sequentially. You have to do this in order. If you don't do it

00:23:44.800 in order, you're going to find yourself in a bad situation. I know people who have never saved a dime

00:23:50.200 in their life. And then they take a course on how to invest in real estate and they buy the first

00:23:56.600 property that they see. And they lose their shirt because they haven't built up the skillset in order

00:24:03.720 to be able to make those types of investments successful. So I'm not saying that those are

00:24:08.820 things you shouldn't do. You should just do them in order of priority. And I just gave you the priority

00:24:14.940 because that was step number. I believe that was number nine. Let me look here.

00:24:19.660 Yeah. That's number nine. So nine is to invest in real estate and business and number 10. And I think

00:24:27.740 this caps it all rather nicely. If I do say so myself is you want to find and start communicating

00:24:35.860 with and start befriending the most financially successful people that you can. I'm not saying

00:24:41.800 that's the only people that should be in your circle. And I'm not even saying that if somebody

00:24:45.000 isn't financially successful, they shouldn't be in your circle. I am saying that there should be

00:24:49.620 very, very financially successful and wealthy people in your sphere of influence. If you don't

00:24:56.520 have those people in your sphere of influence, you are missing a great opportunity to build tremendous

00:25:01.960 levels of wealth and allow somebody else to walk you, to coach you through the process of building

00:25:08.220 wealth in your own life. These are financial advisors. These are friends. These are people who have

00:25:13.620 invested in real estate. These are people who are business owners. The more you get around these

00:25:18.020 individuals, the more you will learn, the more you will grow, the more calculated risks that you'll

00:25:23.140 take, the more equipped you will be to make these important financial investment decisions. And the

00:25:28.160 better off that you're going to be financially, how do you do this? Just look at your inner circle

00:25:32.760 and ask yourself who is the wealthiest person that, you know, then get creative on how you can get

00:25:38.800 introduced to that person and, or begin to establish a deeper, more connected, meaningful relationship

00:25:46.280 with this individual guys. What I want to say is we cap things off on those 10 points to getting your

00:25:50.920 financial house in order is that you have to have the mindset for wealth. You have to want to have this.

00:25:58.260 And also you have to want to do this the right way. If you want to get rich, quick scheme or program,

00:26:04.200 who knows? It might actually work. It's not sustainable. It's not replica replicatable.

00:26:11.260 And more often than not, you're probably going to lose on that deal. The mindset is that I'm going

00:26:16.940 to build wealth the correct way. I'm going to look for opportunities as they present themselves.

00:26:21.880 I'm going to position myself by paying off debt, by having my meetings, doing my budgeting,

00:26:27.620 putting money in the bank, building the habits. I'm going to position myself to take advantage of

00:26:32.440 opportunities. When they arise, I'm going to make prudent decisions. I'm going to learn from the

00:26:37.460 best by having those friends. I'm going to avoid making the mistakes by again, having those friends

00:26:43.640 in my life. And I am committed in 2020 to building tremendous levels of wealth because not that it's

00:26:51.720 noble to be wealthy. Although I will say wealth is often an indicator of adding value, which I believe

00:26:58.580 is noble and virtuous, but in and of itself, it's not, but you have to have it into the mindset that

00:27:04.840 you can be a more capable man. If you are wealthy, you can invest in people. You can give back to

00:27:13.160 charities. You can start organizations. You can deliver valuables and goods and services. You can

00:27:19.080 have more experiences with your family. Life is just better. Again, it's a magnifier. Wealth and money

00:27:25.180 is a magnifier of who you currently are. If you have noble intentions, wealth is just going to

00:27:30.820 magnify those intentions. If you have less than credible and noble intentions, money's going to

00:27:38.700 magnify the opportunities that you have to be immoral, to do things that we wouldn't, we wouldn't

00:27:44.580 consider ethical potentially even, and are ultimately destructive to you, your wellbeing and those around

00:27:50.200 you as well. So there it is guys. 2020 is the year of building wealth. I want to see you guys

00:27:55.700 get raises, get promotions, get out of debt, start investing, start in serving your families,

00:28:01.700 building new products and services and goods to offer the market. And I believe if you follow these

00:28:06.800 10 steps, you will do that. If you have any additional steps, please leave those in the comments.

00:28:11.540 If you're listening to this on YouTube or watching it on YouTube, rather if you're not watching on YouTube,

00:28:16.340 feel free to go over there and check it out or hit me up on Instagram and Twitter at Ryan Mickler.

00:28:22.060 My last name is spelled M I C H L E R. Let's connect over there. The accounts are growing and I'll make

00:28:28.120 a post and you can just comment on there with your number one tip for building wealth in 2020.

00:28:34.900 All right, guys, I hope that helps. I hope that serves you. I'm excited to see where you guys take

00:28:39.120 this and take this advice and apply it in your lives and start building the wealth that,

00:28:42.920 uh, that you'd like to have and that will do you and those around you. Good.

00:28:46.940 We'll, uh, we'll be back on Tuesday for the interview show show, uh, which is Christmas week.

00:28:52.800 So you guys are having a great vacation if that's the case and that you have a great Christmas week

00:28:57.300 and, uh, we'll catch you then go out there guys, take action, become the man you are meant to be.

00:29:02.260 Thank you for listening to the order of man podcast. You're ready to take charge of your life

00:29:06.880 and be more of the man you were meant to be. We invite you to join the order at order of man.com.

00:29:12.920 Thank you.

Order of Man - December 20, 2019

Get Your Financial House in Order ｜ FRIDAY FIELD NOTES

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