Most people’s largest asset is their 401k. It usually gets treated like a savings account: make monthly contributions and then pray that the balance is dramatically higher when the time comes to withdraw. Sadly, most people have absolutely no idea about how to manage their largest asset; in my opinion that’s crazy!
The irony of this 401k Meetup group is that the person hosting it does NOT have a 401k! I used to, but left corporate America over a decade ago, at age 41, to manage my own dollars. Over the years, I’ve shown lots of people how to do the same. I’m continually shocked/amazed that people are totally uneducated about how to do this – the impact can be dramatic.
Another irony: most people say they’d like the ability to leave their job, yet they spend all of their time figuring out how to get a raise/promotion. Typical raises are 2 to 5%. If you’ve been working for a few years, your 401k is probably greater than $50k. Earning a few extra percent per year on the 401k will dwarf any raise you’ll get in salary. And this is something that you can get year after year after year, without kissing up to your boss! In addition, the time/energy spent learning to do this is far less than the time/energy you’ll spend to get that raise.
There is nothing to buy (or sell) at this session. Ever wonder why there is nobody providing guidance/education about 401k? It’s because the finance industry can’t easily get paid by showing you how (that’s assuming they even know). I’m willing to take on the task, and do it without getting paid.
95% of achieving & maintaining time freedom is about the "how to think"...only about 5% is about the "how to do". I co-host a podcast called Investing From The Beach, where we discuss the "How to Think" aspects of achieving time freedom. Listen on iTunes or at http://www.InvestingFromTheBeach.com
I've been managing my own money for years; I’ve shown lots of people how to manage their money; I’ve gotten lots of feedback from people that I’ve helped, stating that I’ve helped change their life. If you attend, and TAKE ACTION, your life might be changed as well….