---
title: Money Management Tips from the 'West Texas Investors Club'
description: Self-made millionaires and reality TV stars “Butch” Gilliam and “Rooster” McConaughey explain how to manage your finances effectively.
authors:
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    url: https://money.com/author/tomvollkommer/
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    former_staff: true
published: '2016-07-13T10:30:10.000Z'
modified: '2016-07-13T10:30:10.000Z'
section: Personal Finance
tags:
  - Money
  - video
  - Wealth
word_count: 105
canonical: https://money.com/money-management-tips-west-texas-investors-club/
type: Article
source: structured-blocks
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> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).

![Screen Shot 2016-07-12 at 10.02.15 AM](https://img.money.com/2016/07/screen-shot-2016-07-12-at-10-02-15-am.png)

Wayne “Butch” Gilliam and Mike “Rooster” McConaughey of CNBC's reality show *[West Texas Investors Club](http://www.cnbcprime.com/west-texas/)* struck it rich with a combination of making sound, disciplined investments along with calculated gambles in the oil industry. They sat down to offer some money management advice that they best money management decisions that they have learned along the way. On their show, Gilliam and McConaughey listen to pitches from entrepreneurs hoping that the pair will invest in their business. One key element of their advice: Be careful about delegating management of your own money.

*West Texas Investors Club* airs Tuesday nights at 10 p.m. Eastern/Pacific time on CNBC.

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