The $7 Million 7 Years Wealth System

Photo credit: bigpicture.posterous.com 401 Que? Very punny title, Ryan … I’ll leave the comedy to you, from now on Ryan raises the critical conundrum coherently (see, I’m already switching from puns to alliteration?!): when does it make sense to invest inside the tax-advantaged vehicle v outside? One gives you tax and employer-matching advantages and the [...]

The Fund Josh explores 401k v Roth IRA’s …. I’m not sure of the specifics around these things, but I presume one taxes money out but not going in and the other is the opposite. I wonder if Josh can tell us which one is better? Also, by switching to a self-directed retirement account, Josh can [...]

Really Bad Decisions Who knows? Lee might be racing for bottom rung on the 401k ladder … but, he also knows that his path to wealth lies elsewhere. That, in itself, is a good thing ________________________ How about hearing the worst first? For 27 of the 40 years I worked in church related ministry, most [...]

401K? No way! First cab off the rank – Scott – weighs in with a barrage of reasons why he does NOT have a 401k, or the ‘doctor equivalent’ thereof … … I can’t judge Scott badly because: a) He has a strong saving ethic and a positive and – apparently – rapidly improving net [...]

My Chevy’s got a 401k block … I couldn’t think of a way to both wrap up the previous week’s set of posts on cars and begin this week’s series on retirement savings, hence the ‘punny’ title! And, it wouldn’t be fair for me to lecture the 7MITs on their cars if I didn’t recount [...]

Get Your Motor Runnin’… Jeff discovered something that I found out by accident fairly early on, and that’s  “I could buy a high-end used European sports car for less then a low-end new econo-box” … I used that little ‘trick’ to buy myself a 10 year old (1972 model … it was 1982 at the [...]

Diane’s Odyssey I like the pun, Diane! It looks like Diane’s major decisions will be the financial ones (how much to pay. where to get the money from) for her NEXT vehicle … _______________ So Adrian says, “Tell me about your car” and I go, “So, what ya wanna know?” What I drive:  2000 Honda [...]

Ultimate Driving Machine Photo credit: wadan I agree with Mark, it appears that 7m7y is the new hangout for BMWphiles (and, the occasional pickup truck owner). My wife thinks like Mark: she went for the ‘green experience’ with a hybrid Lexus SUV … ________________________________ It is apparent that we have a bunch of BMW fans [...]

You Have Got to Be Kidding! Speaking of ‘shooting’: every time I read a post from this guy, I’m glad that he decided to shoot for – and hit! – a spot in the Final 7 … I only have one question (for now): how does a dirty ol’ pickup truck haul ITSELF off to [...]

The Driving Machine The image is mine … since Josh likes BMW’s nd snowboards, I thought that this image of a BMW with matching snowboard would be appropriate From Josh’s comments on Ryan’s post, the BMW ‘fetish’ comes as no surprise A caviar taste requires a Greek shipping magnate’s bank balance … let’s see as [...]