Comments on: The most important question that you can ever ask about your own business … http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/ How to make 7 million in 7 years ... Thu, 24 May 2012 01:26:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Some financial advice for the blogging community … « How to Make 7 Million in 7 Years™ http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-560 Some financial advice for the blogging community … « How to Make 7 Million in 7 Years™ Wed, 30 Apr 2008 15:03:44 +0000 http://7million7years.wordpress.com/?p=91#comment-560 [...] the potential to return much more and scale much better … and, who the hell are you going to sell it to, [...] [...] the potential to return much more and scale much better … and, who the hell are you going to sell it to, [...]

]]> By: AJC http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-559 AJC Sat, 29 Mar 2008 07:34:15 +0000 http://7million7years.wordpress.com/?p=91#comment-559 @ gAs - Thanks for your comment. No, I started a business so that I could fund investments that would eventually provide $250k/year in passive income (i.e. w/o working). Read this page for reviews of books on real-estate: http://www.johntreed.com/bookreviews.html Read this book for a Warren Buffet-style stock investing strategy: http://www.amazon.com/Rule-Strategy-Successful-Investing-Minutes/dp/0307336131 Good luck w/your dreams ... they just MIGHT make you rich! AJC. @ gAs – Thanks for your comment. No, I started a business so that I could fund investments that would eventually provide $250k/year in passive income (i.e. w/o working). Read this page for reviews of books on real-estate:

http://www.johntreed.com/bookreviews.html

Read this book for a Warren Buffet-style stock investing strategy:

http://www.amazon.com/Rule-Strategy-Successful-Investing-Minutes/dp/0307336131

Good luck w/your dreams … they just MIGHT make you rich! AJC.

]]> By: grownANDsexy http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-558 grownANDsexy Sat, 29 Mar 2008 05:44:54 +0000 http://7million7years.wordpress.com/?p=91#comment-558 Well this is interesting. I have been on the pursuit of opening a business and I find what you have written something I have figured out for myself (just not as developed). If I understand what you wrote correctly, you figured out a way to earn 250,000 a year so that you can start the business of your dreams? What did you do (other than real estate and investment) to keep your business afloat? My second question is what book do you suggest would be great informational tools to understand how to invest in real estate and the stock market? I have read Rich Dad Poor Dad, The Takeover, I'm reading a book by Warren buffet right now as well as 2 others I plan to get into in the future. All of it bout understanding real estate and investment. I am well aware of having a million dollars in a investment that gives you 5% APR gives you 50,000a year... so having 5 million at 5% will give you 250,000 a year... But how do you stay focused? Real estate and investment isn't my dream, my dream is to make the web a better place and to educate and entertain at the same time. I actually love urban planning and can see myself being interested in becoming a real estate developer (my background is in Architecture and Design), but I much rather make the web a better place that be the black Donald Trump. Well this is interesting. I have been on the pursuit of opening a business and I find what you have written something I have figured out for myself (just not as developed).

If I understand what you wrote correctly, you figured out a way to earn 250,000 a year so that you can start the business of your dreams? What did you do (other than real estate and investment) to keep your business afloat?

My second question is what book do you suggest would be great informational tools to understand how to invest in real estate and the stock market? I have read Rich Dad Poor Dad, The Takeover, I’m reading a book by Warren buffet right now as well as 2 others I plan to get into in the future. All of it bout understanding real estate and investment.

I am well aware of having a million dollars in a investment that gives you 5% APR gives you 50,000a year… so having 5 million at 5% will give you 250,000 a year…

But how do you stay focused? Real estate and investment isn’t my dream, my dream is to make the web a better place and to educate and entertain at the same time. I actually love urban planning and can see myself being interested in becoming a real estate developer (my background is in Architecture and Design), but I much rather make the web a better place that be the black Donald Trump.

]]> By: AJC http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-557 AJC Fri, 28 Mar 2008 21:52:53 +0000 http://7million7years.wordpress.com/?p=91#comment-557 @ Alex - Now I remember :) Thanks. The 'kettle' story can be found here: http://www.psitek.net/pages/PsiTekTAGR15.html @ Alex – Now I remember :) Thanks. The ‘kettle’ story can be found here: http://www.psitek.net/pages/PsiTekTAGR15.html

]]> By: Alex Le http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-556 Alex Le Fri, 28 Mar 2008 20:57:05 +0000 http://7million7years.wordpress.com/?p=91#comment-556 The enchanted kettle story is from the book "Think and Grow Rich". The enchanted kettle story is from the book “Think and Grow Rich”.

]]> By: AJC http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-555 AJC Fri, 28 Mar 2008 19:02:59 +0000 http://7million7years.wordpress.com/?p=91#comment-555 @ Alex - I will share more of 'my story' as we go along, but only where it serves to illustrate the point. MY story is always boring ... YOUR story is always exciting: one, you READ ... the other, you DO ;) @ Anthony - I'll have to look up that 'enchanted kettle' story ... can't say as I've heard of it 'fore. It's interesting, that both of our examples (McDonalds and Coca Cola) involve a guy who BOUGHT an under-developed business/concept and took it to massively greater heights. Who had the greater imagination: the McDonald Bro's or Ray Croc? Prob. a bit of both ... right? @ Alex – I will share more of ‘my story’ as we go along, but only where it serves to illustrate the point. MY story is always boring … YOUR story is always exciting: one, you READ … the other, you DO ;)

@ Anthony – I’ll have to look up that ‘enchanted kettle’ story … can’t say as I’ve heard of it ‘fore. It’s interesting, that both of our examples (McDonalds and Coca Cola) involve a guy who BOUGHT an under-developed business/concept and took it to massively greater heights. Who had the greater imagination: the McDonald Bro’s or Ray Croc? Prob. a bit of both … right?

]]> By: Anthony Imperioli http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-554 Anthony Imperioli Fri, 28 Mar 2008 18:51:33 +0000 http://7million7years.wordpress.com/?p=91#comment-554 Great post. Reminds me of the story about the enchanted kettle and the most important aspect to have: imagination. The guy who started Coca Cola spent his life saving's on the recipe. Calculated risk, belief, and imagination. We don't need to know how you achieved your goal because knowing you took massive action is enough and men/women of action are favored by the Goddess of Luck. Great post. Reminds me of the story about the enchanted kettle and the most important aspect to have: imagination.
The guy who started Coca Cola spent his life saving’s on the recipe.
Calculated risk, belief, and imagination.
We don’t need to know how you achieved your goal because knowing you took massive action is enough and men/women of action are favored by the Goddess of Luck.

]]> By: Alex Le http://7million7years.com/2008/03/28/the-most-important-question-that-you-can-ever-ask-about-your-own-business/comment-page-1/#comment-553 Alex Le Fri, 28 Mar 2008 18:22:20 +0000 http://7million7years.wordpress.com/?p=91#comment-553 Care sharing more about your massive action? I know exactly why I want to be in business(es): to generate enough cashflow for me to quit working the 9-to-5 job. What after that I still need to find out but right now, I am focusing on building up my passive income portfolio. That's the only way out of this rat race. Can you please do easy with the ellipses? It seems like you were walking down memory lane to collect past events for the post and the ellipses seem to reflect that and break down the flow of the writing. Alex Care sharing more about your massive action? I know exactly why I want to be in business(es): to generate enough cashflow for me to quit working the 9-to-5 job. What after that I still need to find out but right now, I am focusing on building up my passive income portfolio. That’s the only way out of this rat race.

Can you please do easy with the ellipses? It seems like you were walking down memory lane to collect past events for the post and the ellipses seem to reflect that and break down the flow of the writing.

Alex

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