Site Archives 7million7years
Bonus: Would You Give Away Your Last Penny?
Way back (KLE38), I asked you to wait, in case your ‘trigger finger’ was itchy and you felt compelled to give away your hard-to-come-by capital to anybody who asks nicely enough (e.g. family, friends, your local church, charities, etc.). Well, now that you have finally reached your Number, the pressure to give money away – […]
Checkpoint 7: Finishing Post!
Congratulations are in order: you have finally completed [bar one more Bonus KLE … stay tuned!] the $7 Million 7 Year Wealth System. Whether you choose to retire in the traditional sense (sitting on your hammock in the Caymans, drinking Pina Coladas) or check-out to fulfill some of your life-long dreams to [insert Life-After-Work dream […]
KLE 127: The 0% Withdrawal Rate
If you can’t be 100% sure that your money will last as long as you do, how do you happily and safely retire (meaning, stopping full-time work … better yet, only working because you want to, not have to)? Note: You need to be a Premium Member to view this content: The good news is […]
KLE 126: Looking For A Safe Withdrawal Rate
When you are working towards your Number, you have income to pay the bills, and have a little fun. Then, you are presented with the challenge of using the rest to try and prepare for the future … But, when you begin Life After Work (a.k.a. Retirement or reaching Your Number) you are suddenly stuck […]
KLE 128: Your Perpetual Retirement Machine
When you complete this (not quite) last KLE, you may see a short One Question survey (plus room to add comments, if you like). Please complete this survey even if you have not completed the other optional questionnaires along the way. Thank you. _____________________ When you finally reach Your Number, you want to live your Life’s Purpose […]
KLE 125: Transitioning!
You’re hard at work, trying to to reach Your Number, and you’ve cranked up your Perpetual Money Machine to make sure that you get there … … now, there’s not much to do except work the plan. So, let’s fast-forward a few years and think about what happens when you finally reach Your Number. If […]
KLE 124: Your Perpetual Money Machine Begins To Wind Itself Up
Your Perpetual Money Machine (KLE123) begins to wind itself up … when your passive investments become cashflow positive. This is a critical turning point, because … Note: You need to be a Premium Member to view this content: NOTE: The mechanical/electronic Perpetual Motion Machine is impossible in physics (although, quantum mechanics may provide a solution). The one […]
KLE 123: Building A Perpetual Money Machine
Building your own Perpetual Money Machine – something that keeps printing money even when you stop working or stop investing – is much easier than you may think. And, building such a ‘machine’ is ideal – and, quite necessary – for anybody who has an income stream that they want to guarantee … … and, isn’t that […]
KLE 121: Making Money 301 – How To Protect Your Wealth
We have described making money as a journey, one that is best broken up into three stages, two of which we have already covered (making sure that your financial house in order and accelerating your income). This Module – the final stage – is all about ‘protecting your wealth’ – like insuring or bullet-proofing your financial life. And, […]
CS12 – If it’s not Passive, it’s Active
Scott is a prolific inventor, actor, and a movie industry ‘mover/shaker’: I generate income through intellectual properties… Inventions, movie royalties and so on. I receive royalties every quarter (or so) from many sources, the total of which far exceeds the return on one million dollars in the bank. This is passive (royalty) money. Irrespective of […]
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