More Money Now : A Common Sense Approach to Financial
So you're holding this book in your hand, wondering:
Just what does this WWE Superstar know about the
world of finance? Have you ever been down to your
last twenty-seven dollars, out of a job, and wondering
what you were going to do? If anyone needed to
learn about finance, it was that person -- and
he was me. I've had to learn through my own mistakes,
and now you can learn from me. I break it all
down for you in easy-to-understand language:
* Give Yourself a Pay Cut
* Set Your Goals Before You Start
* Living Within Your Means
* You Can't Crash-Diet -- Or Crash-Budget
* Good Debt vs. Bad Debt
* How Much Can You Spare?
* Keep It Simple
* Buy-and-Hold Doesn't Mean Buy-and-Ignore
might not work on Wall Street nor have a finance
degree, but I've learned how to save, how to invest.
And you too can Have More Money Now.
© Reprinted by permission. All rights reserved.
Chapter One: Play The Hand Dealt You
great poet Robert Frost said he could sum up everything
he's learned about life in three words: It goes
when you realize that the past cannot be changed
and only the future remains will you be able to
plan that future. It is very easy to know where
you want to be, but if you don't know where you
are, then you will have an extremely hard time
planning a route to get there.
are counseling offices around the world full of
people that want to blame the system for their
circumstances. The sun was in their eyes, their
shoes were untied, or -- ever popular -- their
environment was not conducive to success. For
goodness' sake, if Abilene Christian University
had not discriminated against me with such silly
rules as attending class and making good grades,
I would have graduated with honors.
Carl Jung said, "When you realize that the
whole world has problems, then you are on your
way to mental health."
you realize that you are not the only person in
the world who has a mortgage and other problems,
then you can figure out a way to a better future.
Everyone has problems to deal with; the key to
success is how you deal with those problems.
all your time is spent thinking about how badly
life has mistreated you, all your time is spent
in the past and you are ignoring your future.
You are gravely mistreating yourself, and there
won't be any improvement in your situation. However,
you can't spend your time patting yourself on
the back either, which is also doing your future
no good. You simply have to play the hand dealt
you are in life, good or bad, there is nothing
you can do about it. You can only control where
you will be in the future.
have never been to Dr. Jung's office, but I have
been to the office in Vienna, Austria, of his
main rival -- Dr. Sigmund Freud. In 1994 I was
working in Vienna for Otto Wanz and Peter William
for the Catch Wrestling Association. On a day
off, my wife, Cindy, and I decided to go sightseeing.
Actually, we spent most of our time sightseeing;
I once told Otto that this wrestling every night
was really getting in the way of us seeing the
decided this day to go to see Dr. Freud's preserved
office. As we entered the office, I realized that
we were standing in front of Dr. Freud's famous
couch. It was roped off, and there was a guard
there. I couldn't resist the temptation of sitting
on the couch, so I waited for the guard to leave
the room, then I moved past the barricade and
sat on the famous couch. Nothing happened. I did
sit on the couch, but the envy that Dr. Freud
was so famous for talking about never materialized.
If it did, I sure wouldn't admit it here.
can spend all your time griping about the past,
talking about opportunities missed, or you can
spend it planning a better future. A lot of people
around the world do exactly this. They gripe about
where they are in life and the circumstances that
got them there. They spend so much time griping
about the past that their future is affected negatively
by the fact they won't spend any time planning
to make it better. The cards you are dealt have
to be played in the best possible way. Griping
about the dealer won't help you any.
options when I was released from the World League
were simple. I could gripe about bad knees and
unfortunate timing, or I could go on with my life
and figure out what I was going to do next. I
had wasted what I made financially, though I had
an extremely good time doing it. And I do mean
a good time. Actually, I had a great time.
always fun to blow money. The problem was, I didn't
find a medium where I was enjoying life and also
preparing for a future. I had priced perfection
into my future, something virtually everyone does.
However, pricing perfection into your future can
be extremely dangerous. You will see this phrase
quite often in this book.
I don't believe in making yourself miserable now
because you are planning for your retirement.
You have to enjoy life now; there is no guarantee
you will be on this earth until retirement.
is about living, not just existing.
money and opportunities are too hard to come by
to waste foolishly, and I decided not to let that
on the Bread Line
day I was released from the World League, I didn't
have many options. I kept going on up I-35 back
toward Athens, realizing that there was nothing
I could change about what had happened with my
career and my finances. The past was gone; there
was nothing I could do to change the fact that
I was broke. I had to have a plan. I had realized
this at last. I guess some things have to be learned
the hard way for some people -- but learn I did.
I knew that whatever I did, if I were fortunate
enough to make decent money again, I would not
blow a second chance.
came to the realization that five years from that
point, I needed to be better off than I was then,
or I would have just wasted five more years. Although
having $28 in my bank account would have been
a little bit better, I also realized I needed
to quantify how much better off I wanted to be.
was hard admitting to myself that where I was
financially was not where I should be, but I knew
that was the truth. I had to come to the realization
that I had not been good with my finances. It
is extremely hard to admit failure. Remember,
I said this was easy, not painless.
yourself of that reality is the first, and usually
the hardest, step in figuring out your next move.
A lot of people know where they want to be. But
unless you know where you are currently, you can't
plan the most direct route to get there.
had spent three years playing professional football,
and fulfilled one of my childhood dreams. I thought
I would play a lot longer, but that didn't come
to pass. I had always thought I would enjoy being
a wrestler. I am not one of these guys who got
into wrestling because I had no other options.
Being a wrestler was appealing to me. I wanted
to be part of this great entertainment genre.
was a big fan at a time when Texas wrestling was
in its heyday. I used to love to watch wrestling
every Saturday night at ten o'clock with my grandfather,
Cato Sheerer, who I thought the world of. I remember
pulling for Fritz Von Erich and rooting against
Skandor Akbar. Little did I know how fond I would
grow of Akbar as my manager when I started out
as a bad guy in Texas, and how much he would help
me in the wrestling business.
even set up a wrestling ring made of garden hose
wrapped around trees, and the neighborhood kids
and I would wrestle. I was the reigning champion
of Hailey Street.
actually have a past of violence in my family.
I am descendant of the MacGregors from Scotland,
of which Rob Roy was the most famous. In fact,
Rob Roy was the one that got our name banned for
many years. I still plan on returning to Scotland
and reclaiming my homeland one day.
during its heyday, wrestling was done in territories.
The Von Erichs in Dallas and the Funks in Amarillo
ruled Texas. These were the two wrestling shows
I got to watch when I was growing up in Sweetwater.
There was a World Wrestling Federation then, but
it was a northeastern territory, and we didn't
get any of their television programming.
guys could be one character in one territory and
a completely different one in another territory.
There were no national television deals like there
are now. A wrestler may have been a good guy in
Minneapolis, but when he came to Texas, he could
be a bad guy and few, if any, fans knew. Television
deals were syndicated locally or, at best, statewide.
though I was basically starting over, I looked
at my situation as a chance for a second career.
I had always thought football was going to be
my career path. Now I was getting a chance at
another dream, and a second chance at my financial
are all kinds of stories about people breaking
into the wrestling business. There is no one tried-and-true
way. There's no college draft, no true farm system.
You have to promote yourself and learn the hard
way how to get to the top. Some make it through
a certain contact. Some are second- and third-generation
wrestlers. Others spend years on the independent
circuit, hoping someone from WWE picks up on them
or hears enough about them to give them a look.
There is only a certain amount of WWE television
time each week. People who make it to WWE aren't
exactly happy about giving up their roster spot;
they worked too long to get there. Of course,
out of the many that try, most never do make it
I got started, options were there, but I had already
defined my goal. I knew where I wanted to be.
The hard part was planning the road map of how
to get there. That was the first part of my route.
I wanted to go to the best wrestling school around.
or wrong, I felt playing at a Division II college
hurt me in the NFL and World League drafts. Some
great players have come from smaller schools --
the best receiver to ever play, Jerry Rice, went
to Mississippi Valley State; Walter Payton, one
of the NFL's all-time leading rushers, went to
Jackson State; and Tennessee quarterback Steve
McNair played at Alcorn State. There are plenty
of small-school NFL success stories. But for the
most part, players at that level have a mark against
got in touch with Brad Rheingans, one of the best
220-pound Greco-Roman wrestlers in our country's
history. Brad finished fourth in the 1976 Montreal
Olympics. He was the favorite to win gold in the
1980 Summer Games in Moscow, but the United States
boycotted the games. It's amazing how something
like the Olympics that is supposed to be apolitical
could be used as political leverage. All the boycott
did in 1980 was hurt the dreams and goals of a
bunch of our young men and women who wanted so
badly to represent this great country. Brad was
now running a wrestling school in Minneapolis
and had (and s...
More Money Now (version 1)