As we approach the site’s second anniversary, I’m celebrating by having a Labor Day sale over the next few days (yes, it’s a bit after-the-fact, but I was traveling right after the holiday). I regularly receive emails asking me when I’m having a sale and/or opening up the forums for membership and now it’s here!
If you want to cut to the chase and simply take advantage of the sale asap, you can do so here.
Otherwise, this post will share some updated information on the forums, provide details on the sale, and highlight some thoughts from forum members and mentors on how the forums have helped them.
Growth of the Forums
Here are some interesting facts about the MMM:
- There are now over 6,000 threads in the forums. For comparison, ESI Money has just over 1,000 posts.
- Traffic in the forums is just short of twice the traffic at ESI Money. Yep, it’s a pretty active bunch. I personally spend about twice as much time there as I do on ESI Money (I probably write the equivalent of one post a day there with my various comments).
Our top ten forums topics of all time are:
- “Humble Brag” (where we celebrate each other’s successes)
- Real Estate Syndications – Insights and Lessons Learned
- Housing Gone Wild (current trends in real estate)
- Individual Stocks and the Stock Market
- All About Real Estate
- ISE – Invest Spend Enjoy
- 30 to 60 (months to go) group thread (countdown to FI)
- Digital/Crypto Asset News & Updates
- Going Back into the Office
- The Villages Retirement Community
Top forums topics over the past month or so include:
- No Credit Card for Convenience Users: Dave Ramsey Rant
- How much income do you need per year to feel financially healthy?
- Things You Can’t Live Without/Want
- The benefits of having kids later in life
- What NOT to do: The day I lost $459,000
- How many cars is too many to own?
- Worst half year start for S&P 500 in over 50 years
- Are You Frugal?
- EV vs. non-EV costs: my BMWs
- Sold my home and made $800k in profit…need tax advice to avoid a large tax bill
In short, we cover a wide range of subjects with a breadth of experience, opinions, insights, and success.
No, we don’t always agree with each other either (we often don’t), but anyone looking for thoughts on any financial topic will certainly get many perspectives to consider, which is one thing I love about the forums.
The Value of Being a Member
During my last sale, I had a reader ask this (edited for brevity and clarity):
I would like to see results from the members; at xxx.xx dollars or xxx.xx dollars doesn’t matter – it’s the price. What is the gain for the person paying the price? I’ll pay… no question — but is there a results page (not a review page).
My response was as follows:
Everyone has a different set of goals and thus different outcomes. That is what I have tried to capture on the testimonials page.
In other words, your goals would be different from mine which would be different than anyone else’s. There is no one set of financial results because all our needs are unique and individual.
This is one reason there’s a seven day no questions asked guarantee. You don’t need to take anyone’s word for it — you can check it out for yourself and see if you think there’s value for you or not. If not, no problem — your money is returned.
That’s a great answer IMO, but I also took the original question to heart and asked the members the following question (FYI, I’ve taken out people’s names in these responses):
In a post on another thread, [a member] said:
“Thanks to a post here by @ESIMoneyBlog, I found out that AAA offered the best deal and I ended up saving over $700 per year on my home, auto, and umbrella insurance.”
I LOVE to hear feedback like this as it’s a concrete way MMM has helped someone.
So I’m wondering…how has being a mentor/member of MMM helped you?
As a mentor, I still learn something new quite often.
Here would be the top concrete results I’ve seen personally from being involved with the MMM:
- The HSA discussion got me to move most of my $30k from cash to index funds. That money is now worth almost $50k…even with the recent market downturn.
- I was introduced to real estate syndications here and got help vetting the best options for me. That led to me selling my properties, investing the proceeds in completely passive syndications, plus banking a few hundred thousand for strategic buys and/or a new house purchase maybe in the future. It also eliminated my top stress activity every month – dealing with my property manager. 😉
- The on-going ISE discussion has challenged and helped me 1) spend more money on things that make us happier (like going to The Villages in the winter) and 2) define what really makes me happy (and realize a big part of this is helping others).
Those are the main ones…there have been many little ones (like suggestions on buying a specific item over another).
I have also benefitted from the friendships, camaraderie, the ability to bounce crazy questions off people who have a wide variety of wisdom and points of view, and simply people in similar situations/with similar goals who “get” many of the issues I have to deal with.
Anyway, looking for the ways you have benefitted…appreciate anything you have to share.
And now, in a series of bonus posts to my regular schedule over the next few days, you’ll hear some of the almost 100 responses on that thread.
I’ll post some today, some Thursday, and some on Saturday…all while the sale is going on.
This post will contain fewer comments (at the end) since I also need to take space here to detail the key parts of the sale, but believe me, you’ll get some very tangible and valuable comments from members over the course of the series!
Let’s start with the sale details then I’ll end with some responses to my question above.
The 2022 Labor Day Sale
Here are the details this time around:
- The current sale is on the annual membership only. The annual membership regular price of $590 is now on sale at $295 (HALF PRICE!) until 5 pm Mountain time on Monday, September 19. That is a very long window and should give everyone who wants to be part of the forums a chance to sign up.
- If you want to take advantage of the sale, go to the MMM main page for all the specifics. Note: After you join, you will receive an email with all the details of how to access the forums, set up your account, etc. within 24 hours of signing up.
- We have instituted the policy that your renewal price is the same as what you originally paid. Annual membership is automatically renewed and instead of getting you in for a year at a low price and then making you pay full price in year two like other memberships do, we renew your membership at the price you started with. However, if you cancel your membership (which you must do prior to it renewing) and want to renew at a later date, you have to do so at the current market rates.
- With the annual membership you also get the bonuses which more than cover the first year’s cost (the bonuses are delivered after your seven day trial period is over, generally about a month after you sign up.)
- EXTRA SPECIAL BONUS FOR FIRST ORDERS: In addition to the bonuses listed on the sales page, the first 100 people buying an annual membership during this sale will receive a Kindle copy of “Passive Income, Aggressive Retirement: The Secret to Freedom, Flexibility, and Financial Independence (& how to get started!)” by Rachel Richards. This is a Kindle book that I’ll send you the redemption code for. You’ll need to have an Amazon account to access it and these Kindle Books can only be redeemed by recipients in the U.S. You’ll receive the bonus when you’re emailed the other bonuses, roughly a month after you join.
- And, of course, there is still the seven-day trial period so you can try-it-before-you-buy-it. So what’s there to lose?
- There is also a monthly membership option available, but the details are different. There is no sale and no bonuses. It remains at $59 a month. This is because it’s much more of a hassle to manage monthly memberships and since so many upgrade to annual anyway, why not just focus on annual memberships? FYI, the monthly membership will be going up to $69 soon.
- I can’t guarantee that future sales prices will be this low. It’s likely that the annual cost will increase and thus the sale price will as well. Just want to be sure everyone has been warned.
- If you want to see what members and mentors like about the forums, check out the MMM testimonials page. I update it regularly so there’s always new content to see what people think about the membership.
- FYI, if you have completed a Millionaire Interview and it’s been published, you are entitled to free access to the forums as long as you agree to be an active member (and post once a week). I am currently scheduling Millionaire Interviews to run in April (and they keep coming), so the sooner you get one to me, the sooner it will be published and the sooner you can get in.
- The sales are becoming fewer and farther between as the months pass, so don’t assume you can miss this one and there will be another one next month.
And that’s it. The sale remains open for the next few days, but let me warn you: do not wait to purchase it.
Every time I’ve had a sale I have a handful of people contact me within an hour or two of the sale ending (a sale that was available for several days, BTW) saying they had meant to sign up but just didn’t get around to it and asking if they could they still have the sale price.
It might be cold, but I have never allowed this. If these people are 1) so disorganized and 2) feel like they should be treated specially compared to everyone else, they would probably not be people I’d want in the forums anyway. We have something special going on there and I want to keep that vibe.
BTW, the top reason people don’t join the forums, by far, is that they “don’t have time to check the forums”. Ok, I can see that. People live busy lives. But then again, you have to make time for your priorities in life and what’s more important than your family’s financial future?
The second most expressed reason for not joining is “I’m too cheap to pay for the membership.” I understand frugality, of course. I used it to great result as I grew my net worth. And being frugal is my middle name (“save”). Ha! But there’s also investing in yourself in a way that yields you multiple times a return back on what you paid. I think the MMM forums fall into this category. And you’ll see in the member comments how much value they are getting for the cost — making it well worth the investment!
The Value of Being a Member
To the point of “value for the price”, let me share a few of the responses to the question I posed above to MMM members:
“How has being a mentor/member of MMM helped you?”
Here are three of them, separated by dashes to indicate where one person’s comment ends and another’s begins:
There are many little things: shopping tips, links to information on topics I am interested in, etc.
The comradery and diverse points of view combined with civility are priceless.
I think the biggest tangible thing I got was finding the resources to learn about selling covered call and cash secured put stock options contracts. I have picked up at least $60k in cash premiums, net after closing the contracts out in the past year and a half.
I think one of @ESIMoneyBlog’s posts on his dividend investing journey inspired me to reshape my portfolio into a majority of dividend paying stocks. Currently have about $60k/year of dividends streaming in that I reinvest into new opportunities, along with options premiums.
All in all, a pretty good deal.
So many ways!
- Had two millionaire panels with awesome volunteers to share wisdom to college students
- Took a leap into a new job earning a lot more and actually having less stress
- Learning a ton about social security
- Learning everything from [mentor] (most interesting is SWR and teaching money to your kids) and wanting to be him when I grow up (seriously)
- Being inspired by people making big moves (thinking about [mentor])
- Hearing about what people would do differently on their journey if they could do it again and trying to apply that to my situation and values since I’m still in my mid thirties
- Having a vast amount of information that never runs out on so many topics
- Feeling camaraderie with this group. It seems silly at times but my friends I share with will give me a hard time: “yeah, what have your millionaire friends said about that?” Because of this, I’m hoping to make an in person meet up/event.
- Going from Dave Ramsey kindergarten education to MMM advanced degree…my brain still hurts on some topics.
I’m sure there are more but extremely appreciative to have this group and appreciative for @ESIMoneyBlog. Thanks to all members/mentors!!
I have benefitted by learning more on how others are using ISE, dealing with investing strategies, sharing their outlook on their life and navigating family relationships. Through this group I’ve learned that the norm is to have dysfunction in the family especially when it comes to money and how different people in the family value and deal with this.
I’ve learned from others how there are different phases to raising kids and educating them about personal finance based on where they are in life.
That’s it for today as I don’t want to make this post too long (congrats if you made it this far!) There will be much more in the days to come!
As you’ll see, the MMM forums help people earn, save, and invest money, of course, but they also help people save TIME (in getting to FI, in retiring earlier, etc.) which is even more important IMO.
I invite everyone to join now while the price is as low as it’s going to go. I hope to see you there soon.