We  at RMD have committed to this ride of facilitating the conversation of financial literacy. I have found that establishing good habits is the first step. For me, I need habits that appeal to my senses and are easy to implement into my lifestyle. I need to see it, hear it, and talk about it if I am going to understand something new.  So with that said I will share with you my daily routine that helps me reclaim my dime. 

Habit #1. Watch some financial news: The local news is wack (except the weather lady, she's usually fine). They cover so much negativity/doom and gloom that I don't find any inspiration to step out of my door and get to the paper-chase. Instead, I wake up at 5:30 am and turn on CNBC. By that time, I'm catching the last half of "The World Wide Exchange". Then, I gear up for "Squawk Box" at 6 am. There are two important things that I get from the morning financial news: financial dialog and the "guest" lineup. 

 Squawk Box: cnbc.com

Squawk Box: cnbc.com

     a.  Financial dialog, at times, can sound like an entirely different language.

Guy 1: "Whats your position on EUR vs. AUD?"
Guy 2: "I'm going long."

WTF does that mean?? Are we investing in stock or are we about to run a Hail-Mary play to win the game against the Vols? 

Watching financial news allows you to observe people's interaction during conversation about money. You get to see charts and graphs, as well as hear opposing views on various topics. For me, hearing this gibberish prompts me to start googling terms, companies and people throughout the day so the next morning, I'll be able to understand the news a little bit more. 

b. Guests on local or traditional morning shows are usually some kind of celebrity or "culture influencer". On Squawk Box, you may wake up one morning and see a former "Fed Chair" (Chairman of the Federal Reserve), or the CEO for the company YOU work for. To add a little spice, Shark Tank's Kevin O'Leary is a reoccurring guest host whenever Joe Kern or Andrew Sorkin are out. Whenever that happens, I'm generally late for work.

Habit #2. Read something financial. Whether it's a financial trade magazine, Yahoo finance articles, researching a company's stock or a book... every day you should read something finance-related. I'm currently reading a book called Bad Samaritans: The Myth of Free Trade and the History of Capitalism (don't ask, I'm a nerd). Strangely, this book has provided me insight that I never would've gained if I hadn't picked it up. It shed light on some of the international trade agreement moves of our current Cheetoh in Charge (POTUS), and how these same moves have been used by other country leaders through out the history of this thing called free market capitalism

It may also be good to keep a couple of apps on-hand that provide immediate investment news. I use Barchart, StockPro, Investopedia and Yahoo Finance a lot. Learn.Stockpile.com also has a great site for you to learn more about investing when you need to start at the "Barney basics"


Habit #3. Have money conversations. You have to find a person or group of people that you can practice your new language with. Whether it's in-person, on-line, or over the phone. Start by attempting to strike up conversations with your friends and family. You may be surprised who are active investors and just don't speak much about it. Facebook has TONS of groups that you can jump in and meet new people who may have the same desires as you: to learn more from others 

These are just a few habits that help me stay focused throughout out my day. Let us know some of your habits that keep you focused on your dime! Follow us! @reclaimingmydime

Written by: DJ Johnson for ReclaimingMyDime.com
DJ is the Director of Operations for AB+L Radio & Editor in Chief for ablradio.com