The $7 Million 7 Years Wealth System

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 […]

Photo credit: bigpicture.posterous.com 401 Que? Very punny title, Ryan … I’ll leave the comedy to you, from now on 🙂 Ryan raises the critical conundrum coherently (see, I’m already switching from puns to alliteration?!): when does it make sense to invest inside the tax-advantaged vehicle v outside? One gives you tax and employer-matching advantages and […]

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 […]

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 […]

An End… But Not Really A Goodbye As you read in Adrian’s post yesterday about the ‘secret’ book project,  I have accepted (and am totally honored by!!!) his invitation to co-author his book.  So, we had to play by the rules set forth from the start (The 7 Golden Rules) and so this is the […]

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, […]

The Last Piece of the Puzzle … Well, so far we have looked at our Life’s Purpose, found our Numbers, translated that into an Annual Required Compound Growth Rate, and thought about how we are going to achieve all of that … … our future vision is complete! Well, almost complete: In coming weeks we […]

Don’t break Harry’s Code … The 7MITs have a ‘code’ – not Harry’s Code that Dexter has to live by (as he carefully slices and dices not-so-innocent people in the darkly popular Showtime series of the same name), but Adrian’s 7 Golden Rules … … these rules are in place to ensure this site’s integrity […]

Sorry, no LIVE Chat tonight … back, at the usual time next week! ______________________________ How high is your mountain? Lee gently reminded me that I have used a similar post title before; and I have! That’s because, this is the second time that the 7 Millionaires … In Training! (and, hopefully, you) have taken a […]