The $7 Million 7 Years Wealth System

The Revision of The Number… Scott has found the intersection between his Life’s Purpose and the Real World: it’s called his Number and he has just realized that his dream needs to be modified slightly to avoid it becoming a nightmare … Well folks, i’ve gone over it and over it time and again and [...]

The Elusive Number Photo credit: THEfunkyman Mark illustrates, in a practical way, the dilemma faced when considering one’s future from the perspective a young, single person who only needs a bag, a small stipend and some travel vouchers to be truly happy v. the family guy who needs the Gucci luggage and all the trimmings [...]

Ryan’s Number For those of you still struggling with the ‘mechanical’ aspects of this exercise – which (to paraphrase Ryan’s literally right-on-the-money comments) will be one of the most valuable things that you will ever do – I recommend modeling Ryan’s spreadsheet below. As to his analogy about cars, all I have to say about [...]

What’s Going On Diane told us all about her revised Number in this comment to my recent post: I worked my number up again last night. If I am getting this part of the exercise, it is to make us take a hard look at our “wanta” haves and look at see what we will [...]

I’m so glad that Lee joined our ‘grand experiment’; here is what he says on his own blog on the subject of planning: If planning is the way to success, it’s no wonder I’m always a day late and a dollar short. … Now, you just gotta love a guy who can write like that! [...]

In Summary… [private] Josh is the first to review his Number … if you will recall, his Lee’s List pretty much encapsulated his Number, as well. However, I’m sure that Josh is glad that he reviewed his requirement, calculations, and assumptions again as the issue of inflation came up, causing Josh to revise his Number [...]

Accounting for Inflation I just want to go over the way that we account for inflation when it comes to calculating our Number … [private] Let’s look at how Josh calculated his Number: 240K per year x 20 = 4.8 million. The amount I would need to realize 240K per year in interest.  If I [...]

Reviewing Your Number … We’ve calculated our Number before, but this is the first time that we are ‘open-booking’ this exercise with our 7 Millionaires … In Training! so if you are still working on your Number – or reviewing it – here’s how to go about it: [private] debbie1 Debbie sent me her spreadsheet [...]

Hopefully, by now you have an idea of what you are aiming for – as evolved through Your Life’s Purpose, Your Rear Deck Speech, and your Lee’s List – and are beginning to get a handle on your Number and maybe even your Date. But, Debbie asks an important question: [private] The number I’m recalculating/checking [...]

Reworking Your Number …We are rocketing to the last stage of reworking our Number (and Date) … … this is the last time that we will be doing this exercise on this site … the next step is start talking about how we’re going to get there … wherever ‘there’ may be for you! [private] [...]