The $7 Million 7 Years Wealth System

Photo credit: http://www.bangitout.com It’s always tough – but, good – to be first out of the gate (I imagine that’s a horse-racing term) … and, Ryan’s certainly taken the leap. Love the image, Ryan! One of the things that we’ll be exploring with Ryan as we go along is how best to commercialize his ‘new […]

Financial Tune Up After Jeff’s ‘quick and dirty‘ post became an intriguing set of discussions around his business / investing aspirations, I hope that you are finding these exercises worthwhile following along with? Even better, if you find an issue raised – or financial situation disclosed – that has some parallel with your life, you […]

Quick and Dirty… I couldn’t resist adding the photo … But, a short post can be a sweet post, if it tells you what you need to know. So, did it? What else can Jeff tell us and what can you tell (well, suggest to) him? _____________________ I feel bad even calling this a “post.”  […]

Flying on Auto Pilot… It’s interesting, as Jeff points out, the different views that each of the 7MITs have towards so-called ‘tax-advantaged retirement accounts’ … for example, Jeff views them as ‘investing’ and almost sees his investments in real-estate as ‘distractions’ from his investing strategy … I’m not here to pass judgement on any of […]

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 […]

From what I can gather, Diane has made some good decisions (e.g. pay cash for a car instead of a loan); get an MBA … but, hasn’t really been able to financially ‘cash in’ on it, and is now either looking for work – or, ‘semi retired’ – and currently drawing down from her retirement […]

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 […]

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 […]

Start Here Photo credit: massdistraction Mark is income ‘rich’ compared to what he needs to spend; now, imagine adding: wife, children, dog, college fund, bigger house (hence, bigger mortgage, bigger land tax), more food, clothes, it’s enough to make you want to stay single …. is that a dream or a financial nightmare? 🙂 Looks […]

What’s Going On Diane told us all about her revised Number in this comment to my recent post: I worked my number up again last night. If I am getting this part of the exercise, it is to make us take a hard look at our “wanta” haves and look at see what we will […]