7 Millionaires … In Training!

Photo credit: pencilsoda
This last post in the current series signals the return of the 7 Millionaires … In Training ! to its ‘old’ home right here at the NEW, REVAMPED, BIGGER, BETTER, BRIGHTER, ALL-STAIN-REMOVAL:  http://7m7y.com.
Soon, we move on to the next phase of this ‘grand experiment’ and ask the 7MITs to really examine: “is [...]

Onward!

Photo credit: Maggie’s World
This is the last of our transition posts!
IMHO – where H = humble as well as honest – it starts to get VERY exciting / challenging – interspersed with long periods of boredom – from here …
…. so, let’s make this a last-but-best post: Mark knows [...]

Automated Budget?

Photo credit: urbanraven
Another great graphic! Thanks, Mark …
Unlike those whose MM101 issues are at the fore, Mark has a good income and low cost base so the ‘pressure’ to budget, etc. seems less … but, how important do you really think it is? Any advice for Mark on his spending / saving habits?
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I must [...]

MM101 Summary

Photo credit: janet7r
I hope that Mark actually bought some of that ‘prime HK land’ at those bargain Monopoly-comparison prices … it’s kind’a like the McDonald’s Index except that select HK property has probably skyrocketed in value compared to US since Mark was 5?!
And, just look at the reason that Mark gives for not blindly [...]

Just Numbers
Mark discovers that living his “Life’s Purpose” too early can have a financial cost … do you see something a little ironic in this?
What advice can you give Mark?
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I’ve been tracking my numbers using Quicken for a while. I remember using it a lot more a few years ago when I [...]

Good Debt?

Photo credit: revdancatt
Sounds like Mark has embraced the concept of ‘good debt’ pretty quickly; I wonder where he intends to live when he converts his current home to a rental? I am also wondering why he is planning to ‘flip’ it in 2 -3 years for another?
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I must admit, I came from a culture [...]

201K

Photo credit: krodinjw
Mark’s experience (50% losses in his 401k; 75% losses in his Roth IRA) prove that it’s not the 401k or the Roth IRA that is the problem, it’s what you put IN them that counts … in Mark’s case, he’s prepared to wait 20 to 30 years to cash them out … presumably, [...]

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 …
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It is apparent that we have a bunch of BMW fans here! Looks like BMW [...]

Housing Situation

Photo credit: patchworkpottery
It’s only three posts in, and we have already covered a lot of ground on the subject of houses and housing … you should also be able to see that this blog is unusual; it’s like an iceberg: only 10% can be seen ‘above the ground’ (i.e. in the post, itself) … [...]

Connecting the dots

Photo credit: turtlemom4bacon
Aside from finding the quality of graphics on this site is definitely on the improve Mark has provided a great summary of the steps (and the reasons why) of this ‘grand experiment’ for new readers, even before we get to his table. Thanks, Mark!
It looks like Mark has no [...]