The $7 Million 7 Years Wealth System

After much ado, we are back with the newly upgraded, bigger, better faster 7m7y.com: home of the 7 Millionaires … In Training! ‘grand experiment’ in millionaire-making You may not notice much change, but ‘under the covers’ is a small block supercharged chevy engine in place of the 4 cylinder Corolla engine that we had in [...]

Liftoff! Well, as I mentioned before, we actually lifted off before we reached the launch pad …. ooops But, in personal finance – thus, this ‘grand experiment’ – we’ll actually be doing a lot of back-tracking even as we move forward at great (I hope!) speed … … in fact, some horses have jumped right [...]

Under the spotlight: Josh I’m starting a new ‘occasional series’ where we put one of our 7 Millionaires … In Training! – or, any other reader – under the spotlight when there is an interesting or unusual aspect of their journey towards their Number / Date that needs to be discussed. Josh is the lucky [...]

Making Money 201? I now realize that I was a little premature running the photo of the space shuttle actually launching off the pad; where we’ve really been until now is back at the Launch Control Center making sure that we are all prepared for the flight: suits [check]; oxygen [check]; flight training [check]; flight [...]

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

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 [...]

Take note of Ryan’s list of 5 things that he has learned from this ‘grand experiment’ so far … they are all important observations. Ryan may be surprised to learn that I am equally risk-averse and DO advocate a safety net … As Ryan asks, what advice can you give to Ryan? I’m sure that [...]

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 [...]