Comments on: In Review http://7m7y.com/2009/05/27/in-review/ Learn how to make $7 million in 7 years ... a NEW guided learning experience. Join now! Thu, 29 Jul 2010 11:21:19 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Scott http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1828 Scott Thu, 28 May 2009 11:54:08 +0000 http://7m7y.com/?p=1980#comment-1828 Thanks guys, my gut tells me that, but it's great to hear it from the outside :) Thanks guys, my gut tells me that, but it’s great to hear it from the outside :)

]]> By: Adrian http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1827 Adrian Thu, 28 May 2009 08:19:02 +0000 http://7m7y.com/?p=1980#comment-1827 @ Mark - You are 100% right ... Scott gave his own answer when he said: "Well, that’s the thing [i.e. stocks / commercial real-estate] I don’t know for sure in this market, lol. But I do have a fairly firm handle on what a successful practice can bring ..." The path to wealth always begins with what you KNOW and are passionate about; Scott can then learn/add INVESTING to the mix to create his own <a href="http://7million7years.com/2008/09/09/how-to-build-a-perpetual-money-machine/" rel="nofollow">Perpetual Money Machine</a> with the additional cashflow created. @ Mark – You are 100% right … Scott gave his own answer when he said: “Well, that’s the thing [i.e. stocks / commercial real-estate] I don’t know for sure in this market, lol. But I do have a fairly firm handle on what a successful practice can bring …”

The path to wealth always begins with what you KNOW and are passionate about; Scott can then learn/add INVESTING to the mix to create his own Perpetual Money Machine with the additional cashflow created.

]]> By: Mark http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1826 Mark Thu, 28 May 2009 03:36:31 +0000 http://7m7y.com/?p=1980#comment-1826 I agree with Josh and Adrian that starting a new clinic is the best approach. You already got the expertise and know how to do so. It will be easier this time and a very safe bet. Then I'll look into owning the commercial property and you might be going in at the right time. Looks like things are aligning for you nicely. I agree with Josh and Adrian that starting a new clinic is the best approach. You already got the expertise and know how to do so. It will be easier this time and a very safe bet. Then I’ll look into owning the commercial property and you might be going in at the right time. Looks like things are aligning for you nicely.

]]> By: Scott http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1825 Scott Wed, 27 May 2009 21:23:34 +0000 http://7m7y.com/?p=1980#comment-1825 Well, that's the thing, I don't know for sure in this market, lol. But I do have a fairly firm handle on what a successful practice can bring and those numbers I quoted above are very conservative numbers for a practice that's doing "well" but not necessarily knocking it out of the park. Phil town seems to think that commercial real estate is going to start dropping soon for obvious reasons as many businesses continue to decline, so it might be smarter to wait for the bottom before purchasing. I haven't educated myself enough on stock purchasing yet, so I agree with Josh that the stock market might be a more risky place for me at the moment. Well, that’s the thing, I don’t know for sure in this market, lol. But I do have a fairly firm handle on what a successful practice can bring and those numbers I quoted above are very conservative numbers for a practice that’s doing “well” but not necessarily knocking it out of the park.

Phil town seems to think that commercial real estate is going to start dropping soon for obvious reasons as many businesses continue to decline, so it might be smarter to wait for the bottom before purchasing.

I haven’t educated myself enough on stock purchasing yet, so I agree with Josh that the stock market might be a more risky place for me at the moment.

]]> By: Adrian http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1824 Adrian Wed, 27 May 2009 21:15:09 +0000 http://7m7y.com/?p=1980#comment-1824 @ Scott - ... and stocks? Commercial real-estate? @ Scott – … and stocks? Commercial real-estate?

]]> By: Scott http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1823 Scott Wed, 27 May 2009 16:10:16 +0000 http://7m7y.com/?p=1980#comment-1823 Thanks Josh! Adrian, I did the numbers on a "highly-likely" scenario for 5 years from the day I opened another. The results are pretty astonishing and provide between 75-100% annual compound growth rate. :) Thanks Josh!

Adrian, I did the numbers on a “highly-likely” scenario for 5 years from the day I opened another. The results are pretty astonishing and provide between 75-100% annual compound growth rate. :)

]]> By: Adrian http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1822 Adrian Wed, 27 May 2009 15:47:48 +0000 http://7m7y.com/?p=1980#comment-1822 @ Scott - The prize is behind Door # 3 (it always is) ;) Work out what you think the compound growth rate will be on each option over the next say, 5 years; then we can discuss ... @ Scott – The prize is behind Door # 3 (it always is) ;)

Work out what you think the compound growth rate will be on each option over the next say, 5 years; then we can discuss …

]]> By: Josh http://7m7y.com/2009/05/27/in-review/comment-page-1/#comment-1821 Josh Wed, 27 May 2009 14:22:28 +0000 http://7m7y.com/?p=1980#comment-1821 Scott, although starting a business (the next clinic)may be considered high risk to some, seems like with your track record it's the most conservative option, probably more conservative then investing in stocks. I say, invest in what you will enjoy learning about. Just as long as it will get you to your number. Scott, although starting a business (the next clinic)may be considered high risk to some, seems like with your track record it’s the most conservative option, probably more conservative then investing in stocks.
I say, invest in what you will enjoy learning about. Just as long as it will get you to your number.

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