Gobundance and their M1 program
Investor · Scottsdale, AZ · Member since 2016 · 32 posts · 19 votes
I learned about Gobundance through a couple of the podcasts on BP. They also have a program for individuals with < 1 mil net worth called M1 or march to a million. I am considering joining at 300/ month.
Here is why I want to join:
Has anyone had experience with this group. It is a substantial investment, I would appreciate any feedback or advice.
Yes, I am a member of the Gobundance group. It has dramatically accelerated my businesses, is a great group of guys, and is a lot of fun. It is a Mastermind, NOT a guru group. There is no course you sign up for, sit through, and then leave to forget about. There are members from all walks of life. It's about successful, like minded individuals getting together either physically or virtually, pooling talents and resources, and pushing each other to be the best each person can be.
The M1 program was created because so many people asked for it - they wanted to be in Gobundance but didn't meet the requirements. Thus, a program was created for those people who have all the traits and drive to become successful but just don't have the financial numbers yet.
I'd be happy to answer any specific questions.
Also, while I am a member, I do not receive any income from it, so I am willing to share simply because I know how much it has helped me and others I know who have joined.
Best Regards,
Andrew
Hey everyone! I'm new to this site and somewhat new to the mindset and path to financial freedom and growth. I have been working hard over the past year to start saving money and reasearching ways to create different types of businesses and investments to create the life I want. However one of the biggest things that I'm struggling with is that it's hard for me to pick one goal, stick to it, and keep myself accountable to quantifiable progress. I have been trying to find like minded people around me to have the types of relationships i see in gobundance but i havent had much luck. Just a lot of people who talk and talk and talk but dont do anything. I cant seem to find a good mastermind network to plug into. This m1 program seems like exactly what I've been looking for, but I'm just starting out and can't afford 400 a month that could be going into my investment or startup accounts.
Does anyone here have some good suggestions of how I can find a group like those in the m1 and gobundance programs but not such a huge investment? Within a year or two I will join these programs, but right now I'm just trying to start the type of life that will make 400 a month not such a huge deal.
If you've read this far I appreciate it and would love feedback!
TL;DR (Too long didn't read): just starting out, need a mentor/mastermind group that's more affordable while I work my way up to these programs.
P.S. I'm a 27 yr old working full time military and going to school full time, and over the past year I've gotten all of my loans and bills paid off, gotten my credit score to "very good" and saved up a little over 10k. So I'm not on the level of probably most of the people on this forum yet. But hey, that's why I'm here.
I'm in M1 - and @Michael Sjogren is a familiar face :)
Here's how it works:
You get put in a group of ~ 30 people. That group is then subdivided into two groups - two "PODs" (a smaller group in that group - usually 10-15 others) with two supervisors (presumably from GB?) who help with the logistics.
There are two challenges each week - usually one is a video from Rock Thomas that has you brainstorm how you are going to improve your life, limiting beliefs, etc. The other challenge is usually along the same lines (often exercise, financial planning, etc.).
The challenges or exercises might be things like filling out the "One Sheet" (which is basically a big spreadsheet with goals, net worth, etc). Other challenges might be about doing a certain exercise regiment (they have their "G9", which is pushups, situps, etc for 1 minute each), dealing with personal finances, etc.
After the first 5 or so weeks, your POD starts meeting virtually once every two weeks or so to hold each other accountable and share wisdom + present on a topic.
You're also assigned an accountability partner - I tend to meet with mine once a week and we discuss strategies for making more money and holding each other accountable to what we said we'd do the week before. About once a month grab a few beers in person (we happen to be geographically close).
There are two more things (and these are for all M1 members - not just your group): a very early morning call with Rock Thomas (on wednesdays) - usually it's basically him lecturing on a subject (they record the calls so you can watch/listen to them later). There's also a Monday call in which an expert is interviewed (this might be in finance, meditation, etc.)
There's a lot of content and lots to take advantage of - including connecting with members in other groups (but still in m1). (for instance: After doing my first 4-unit buy and hold, I've been doing some trading and was able to connect with someone from one of the other groups who does option trading for a living.)
Most of the members are involved in real estate, so if nothing else it seems like a great place to network.
As for logistics - it seems like M1/GB is still trying to figure things out. They do all of their communication on FB (in one or two private facebook groups - one for the M1 group your in your pod and one for all M1 members). Communication and finding things can be difficult at times. I'm surprised they've chosen to go with FB instead of something else (or building a custom site).
Regarding mentorship, I've found the program isn't really structured to get a direct mentor. This is actually what I was looking for but I think it's a logistics nightmare for them. I think, though, that there are still other ways to get mentorship in the program - something I'm still exploring.
I would say it's been very helpful so far to me - if for nothing else, just in personal budgeting. I would have said a few months ago that I didn't need to improve in personal budgeting, but I've already saved what I've paid for M1.
I signed up for the 6 month plan. I still have a few months to go and look forward to it, but wonder where/how they will be adding additional value.
I consider Rock Thomas and the org in general a really good one - certainly not a sleazy guru (although I suppose a thread like this doesn't fit in anywhere else on BP). I think they are out there to help you along the path and would recommend it to anyone who is looking for a way to improve their net worth.
As an update to anyone interested in M1, they have made some changes to the program that I feel merits an update. I can't remove my previous post and can't, in good conscience, leave my previous review in light of what I now know.I believe that based on the additional content that has been added and some of the changes that have been made to the program, it is worth the investment of time and money. While I am still unaffiliated with the program, I do know many people who are in it and I have no reason to question their feedback and experiences. The program is teaching valuable content and will certainly put people in close proximity to successful millionaires who can change their success trajectory. As they say, it is not WHAT you know but WHO you know.
@Michael Sjogren did you ever join M1? I'm interested.
Yes @Joseph Duff. Happy to answer any questions. Been a gamechanger for me.
@Brad Pickett, @Max L. Horton, @Jamie Garcia- I am looking into joining Gobundance and would love to hear your feedback if you have the time to provide it. Either on here or a PM would be appreciated.
Thanks,
Mark
Hi @Andrew Cushman, @Scott Huggins and @Brad Pickett and any current or former M1 members,
I'm interested in joining the M1 after hearing about it on a podcast with Rock Thomas. What is your experience with it? Also how does it compare to 1 Life Fully Lived?
Thanks,
Sebastian
@Sebastian Hauer , I didn't go through the M1 program but I can highly recommend it. I sometimes contribute to the group, and I've known Rock Thomas personally for about 6 years. He is authentic, high energy, a jedi of business and wealth creation, and a master of accountibility. I've seen a number of guys graduate the M1 program and become "whole life" millionaires.
1Life Fully Lived is the non-profit started by Tim Rhode, who is one of the founders of the Gobundance mastermind (which is what gave birth to M1). 1Life isn't a full-on program like M1. 1Life is geared towards getting the word out to people on how to dream, plan, and then live their ideal life. Much of that is done through 1 or 2-day conferences. The focus now is becoming more on bringing hope and options to inner city people. So while 1Life does a lot and I would recommend going to an event, it's not a long-term structured program like M1.
If you'd like to talk more about M1 feel free to PM me.
Andrew
Thank you @Andrew Cushman for your explanation. I will take a closer look at the M1 program.
Sebastian
Hey Sebastian
1 Life is a great charity and fantastic way to get involved in your community to help teach and mentor kids that don’t have the opportunities we have. My wife and I are also M1 alumni and definitely recommend it if you are serious about success. Rock is a fantastic guy and we are very grateful to him and the M1 community he created. M1 is continuely evolving and improving and we have several local people in Charleston. We are also in the process of organizing a local meetup centered around like minded people that want to learn more about it first hand to and discuss what it is doing for us.
Happy to answering any questions or put you in touch if you are interested in signing up.
This thread has been very helpful and I appreciate the honest opinions here. I am currently considering joining the M1 program so if anyone has any feedback or opinions they think are important to consider, I openly welcome them.
Thank you to everyone who has contributed to this post. Is there any recent or current alumni of the M1 program who can give me a bit more information and their own personal experience? I'm interested in joining
I'd like to echo the thank you to everybody that has contributed to this post. I recently listened to Rock's podcast which intersected with reading Think and Grow Rich, so the idea of joining a quality mastermind is really resonating right now. One of my medium-term goals is to be a Tony Robbins Platinum Partner and I think GB or M1 might be an excellent springboard to making that economically feasible. I'm going to explore both GB and M1 further. Thanks again.
Seems like we are hearing a LOT about GoBundance on the BP podcasts of late. I really want to keep an open mind, however, it does smell a bit like a Guru/Mentor type setup..just with a monthly fee instead of a lump sum. Does anyone else get that feel? This is based on nothing more than my general skepticism so I could be totally wrong. I can literally find NO negative information on them...which, being that this is the internet, seems strange (posibly very good.)
Id like to second that @Richard Sherman. I cant seem to find any real negative comments, but that seems kinda fishy. Does anyone have any recent experiences with M1? Does it work with a full time job and very busy schedule? About $600 per month seems steep for an accountability group. Setting goals and holding myself accountable has never really been an issue for me. Is the mentorship high quality enough to warrant the price?
@Chris Reichelt The sound of crickets again...haha...I actually posted another topic on this when I realized this one was 2 years old. Have not heard anything back yet. I ABSOLUTELY have a tendency to be skeptical to a fault, and I know that, but whenever I start hearing things that make me feel like I am at a mix of an MLM conference and Tony Robins audiotape I start really wondering what is going on.
@Josue Llanas, @Hans Christopher Struzyna, @Nick Gaines, @Noel R., @Richard Sherman, @Chris Reichelt
Hi guys, I've also been investigating M1 and have spoken with a few of the current members on the phone. I do plan to join in the future (it's on my goal list) but I can't swing the finances right now. And I that's exactly what I told them. Can't afford it now, call me back in 6 months. They were total understanding and in no way tried to pressure me to join now. I like that.
Anyway, my understanding is the higher price tag per month is only for the first year. Then it drops dramatically after 12 months.
If you want to know more about how the group works, check out this Youtube video that M1 posted.
In the end, if you want to know more about M1, fill out the application on the website and talk with someone in the group. And to be honest, if you don't feel comfortable taking that step, then you absolutely need to do it. That's the whole point of the group. To push you outside your comfort zone.
As for why we are hearing a lot about GoBundance on the recent podcasts, that's because both @Brandon Turner and @David Greene are active members. And if they continue to talk about it, it must be working for them otherwise they wouldn't be actively involved. And I wouldn't say they are trying to push it. They just talk about what interests and benefits them.
@John Clark thank you for the honest input and for the video link. One of my strengths/weaknesses is my skepticism. I will admit that some of the buzzwords and descriptions cause some negative reactions for me, but I realize that this can be a blind spot for me. I do like that you did not get the hard sell, that is a good sign.
I submitted a request to learn more and will report back. I am unsure of exactly what the overall value proposition is. I have considered joining EO in the past and it always came back to not being able to stand some of the "requirements" and how important money and material things seemed to be to most of the people I met (I know this is an unfair statement to the whole organization and I have some good friends in it..again..I am very much a contrarian and dislike structure imposed by others, which is why I started my own business.
Sorry for the long rant. I will report back. @John Clark Remember, you are always your limiting factor. You do not need anyone to make you successful, you have everything you need to do it yourself so do not feel like you need something like this.
@John Clark Sure thing. EO is Entrepreneurs' Organization and is a networking/best practices organization (I am sure I am doing it a disservice with this description) as some business owners I respect say it was life-changing for them. I think EO has a 1 million revenue number required for your business and there is also YPO which I think is north of 7 million revenue number. I am not sure if either is comparable to GoBundance or how they differ etc and anyone who knows more is more than welcome to chime in.
This is not regarding their M1 program, it is regarding the Elite (greater than 1 million net worth). I was reading the requirement and thought...that's the exact same language as the SEC for the definition of an accredited investor.....which seems odd. In the application, they later specifically mention this. I do not understand how an accountability group with a fee needs to verify that the members are accredited investors.....
"To qualify for Elite Membership you must be an accredited investor: net worth of at least $1,000,000, excluding the value of one's primary residence,(Net worth is the value of all assets including businesses owned, minus the total of all liabilities, including the value of any businesses that you own.) or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount ."
@John Clark @Richard Sherman @Chris Reichelt @Noel R. @Nick Gaines
Hey guys,
Sorry for the delayed response. Thanks for tagging me @John Clark otherwise I wouldn't have seen the updates to this post. I want to share my own personal experience since joining the tribe.
I am also very skeptical when it comes to these things but I do know the power of a mastermind from Napoleon Hill. The beginning is all very exciting. You are given a hard look at your net worth (not just in finances but in relationships, family, health, bucket list adventures, etc.), given information on DISC profiles, and a lot for me to remember right off the top of my head. I am about 4 months into the program. You are given challenges every week. One on Sunday and one on Thursday. They are meant to push you and build you up to the person that you have to BECOME in order to get to a million.
For me these things are great and sure I could find all these things online by myself but, being able to network with people all across the US is a game changer. The network that Rock Thomas created is incredible and everyone is willing to help each other out. I now have two new business partners through the tribe. Also, it is very easy to be resourceful when you can reach out to anyone and ask questions. Plenty of people have already helped me and my business to cut some learning curves.
If you guys have any questions or want to talk to me about my experience, feel free to shoot me a DM and we can go into it deeper.
Thanks @Josue Llanas I did an application to see if I can learn some more. I have not heard anythign yet, but I am not in a rush either. I aprpeciate the info and recommendation, sounds like has been a valuable investment for you so far!
@John Clark I submitted an app for the Gobundance program, but have not heard anything...for a couple of weeks. Odd. I wonder if they are not taking new members...or maybe I am blacklisted somehow? haha