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 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, […]

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 […]

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 […]