The $7 Million 7 Years Wealth System

My Recovery… Congratulations to Jeff, a recovering budgetaholic … he had an unusual spending month, which happens when you are trying to budget: Life gets in the way! What advice can you give Jeff, other than telling him that MY wife had to cooperate for the one month that we did this exercise … and, [...]

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 / [...]

April come she will “There is no debt that spending time with your child is not worth” … beautiful! This one statement summarizes the issue with money: sometimes Life gets in the way! Is that a problem or an opportunity? How do we deal with Life when it does get in the way of our [...]

April Spending Josh has come up with the honest truth about budgeting:” little purchases add up quick” … print it in B I G letters, frame it and hang it on your wall and you won’t go too far wrong … What can you add? ________________________ So the month of April is over and I [...]

Photo credit: www.hot-screensaver.com On a Budget? No Problem! For a moment I thought this was Jeff’s post … after all, he’s the pilot, right? But, no, this is Ryan’s post and he chose the image … I like Ryan’s ‘electronic envelope system’ for budgeting expenses throughout the month. Would a cash budget be more effective? [...]

Where Did All the Money Go? OK Scott is off the hook for not doing this exercise … … but only because he actually already has a pretty strict budgeting system in place: I love the idea of withdrawing a certain set amount from the ATM each week for things like personal spending and entertainment [...]

“Let the Records Reflect” It’s probably no great surprise – given his slightly more advanced age – that Lee found that fully HALF his spending (assuming that April was a typical month) is on the two great American excesses: drugs (of the legal kind) and food (eating out) … now, I’m really curious as to [...]

The ‘No Budget Budget’ Note: You need to be a Premium Member to view this content: Stay tuned …

Dealing with alternative courses of action in your financial plans For those who asked, Diane is still here with us; she just took a small detour along the Road of Life to reconnect with those important to her … under such a situation, personal finances can wait a tad But, Diane is weighing up lots [...]

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 [...]