The $7 Million 7 Years Wealth System

Making Money 101? Of course, what we’ve been doing over the last few weeks is quietly reviewing the ‘financial picture’ for each of our 7MITs … I hope that you have taken the opportunity to do the same? Perhaps your financial picture overlaps in part with one or more of the 7 Millionaires … In [...]

Going For Launch … I would like to open one of the most important discussions that we will have on this site; it starts by summarizing from your Networth IQ profile (you do have one, don’t you?!) the following numbers: i) Income Statement (actually, this isn’t even in the NWiQ!): – Your current AFTER TAX [...]

Are you an optimist or a pessimist (I’m already on record on this subject)? It might depend upon how well your assets outweigh your liabilities … … this diagram shows quite nicely how the cash flows – out! – for each liability …. does that mean that a liability = bad? Not necessarily, it depends [...]

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 [...]

If your house is your biggest purchase, then your next biggest purchase is likely to be your car … … but, you aren’t most people! I assure you – that through the course of this experiment, if you choose to participate actively along with our 7MITs – you will make MUCH bigger purchases by way [...]

Is your home your castle or your dungeon? What a fantastic finish to 2008! I hope that all of our readers – following the ‘live out loud’ examples of our 7 Millionaires … In Training! – now have a great idea of how much money they need, by when, and roughly what ‘tools’ will be [...]

Sorry, AJC is traveling, so no LIVE Chat and no posts until Jan 5th 2009 … have a happy and safe Xmas/Chanukah/Kwanzaa and New Year!

AJC @ 7million7years live THURSDAY @ 8pm CST (9pm EST / 6pm PST) Josh # 2 Asks: Hey, my name is Josh and I am 24 years old and I am a huge personal finance junkie. I really enjoy reading your site so far. I was particularly intrigued about your post about renting vs buying real [...]

A ‘secret’ book project … When I launched this site – and, found the 6 Millionaires … In Training! – I made sure that everybody who applied knew that I had a book or two in the off’ing … The work we are doing here will the subject of at least two books: one now, [...]

Special Announcement! I have been working on a project … call it a labor of love (when you find out what it is, you’ll decide that if this is my idea of ‘love’, I need psychiatric treatment) … and, I want you to participate! Let me take you back to where this project had it’s [...]