Comments on: Devolving the Myth of Income … Part II http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/ 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: Adrian http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-586 Adrian Sun, 11 Jan 2009 03:18:29 +0000 http://7million7years.wordpress.com/?p=109#comment-586 @ Steve - I'm so glad that you wrote this comment as I've been itching to write a post about the fallacy of dividend paying stocks ... look out for it in the next few weeks! @ Steve – I’m so glad that you wrote this comment as I’ve been itching to write a post about the fallacy of dividend paying stocks … look out for it in the next few weeks!

]]> By: steve http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-585 steve Sat, 10 Jan 2009 22:09:19 +0000 http://7million7years.wordpress.com/?p=109#comment-585 well, what i liked about it is the dividend paying stock situation. certainly i wouldn't consider as an only avenue to wealth, but do you feel dividend paying stocks are a better choice than non dividend paying stocks? It would be a part of a total package i think . Something in stocks, something in real estate, and of course buying or starting a business that can generate a substantial income . The article talks about many stocks. some did well while others did less than stellar, so if chosen properly, you should be able to expect somewhere near 10 % a year i would think. well, what i liked about it is the dividend paying stock situation. certainly i wouldn’t consider as an only avenue to wealth, but do you feel dividend paying stocks are a better choice than non dividend paying stocks?
It would be a part of a total package i think . Something in stocks, something in real estate, and of course buying or starting a business that can generate a substantial income .
The article talks about many stocks. some did well while others did less than stellar, so if chosen properly, you should be able to expect somewhere near 10 % a year i would think.

]]> By: AJC http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-584 AJC Fri, 08 Aug 2008 04:16:44 +0000 http://7million7years.wordpress.com/?p=109#comment-584 @ Steve - You mean the article that promotes a method of investing that returns "a little over 8.68% annually ... while not earth shattering by any means, compare[s] very favorably with the market's performance over the same period. From July 1988 to now, the S&P 500 has advanced ... around 7.86% annually." Am I missing something here, Steve? @ Steve – You mean the article that promotes a method of investing that returns “a little over 8.68% annually … while not earth shattering by any means, compare[s] very favorably with the market’s performance over the same period. From July 1988 to now, the S&P 500 has advanced … around 7.86% annually.”

Am I missing something here, Steve?

]]> By: steve http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-583 steve Fri, 08 Aug 2008 01:55:40 +0000 http://7million7years.wordpress.com/?p=109#comment-583 I have just read an artile that is relevant to an artile you wrote a while back. This artilce concerns the topic of diversifying in your portfolio. You made it clear that you feel diversifying is not the best choice, unless of course , you wish to do just average and maybe not retire rich. Please read this article and give myself and the others here, your view about what you read here. I find it fascinating to say the least. I don't purport that he is write in his article but would really love to hear your views on the story... http://seekingalpha.com/article/84850-investing-in-dividend-paying-companies?source=d_email I have just read an artile that is relevant to an artile you wrote a while back.
This artilce concerns the topic of diversifying in your portfolio.
You made it clear that you feel diversifying is not the best choice, unless of course , you wish to do just average and maybe not retire rich.
Please read this article and give myself and the others here, your view about what you read here. I find it fascinating to say the least.
I don’t purport that he is write in his article but would really love to hear your views on the story…

http://seekingalpha.com/article/84850-investing-in-dividend-paying-companies?source=d_email

]]> By: AJC http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-582 AJC Tue, 15 Jul 2008 23:54:56 +0000 http://7million7years.wordpress.com/?p=109#comment-582 @ Donovan - I like your question so much that I will devote an entire post (3 to 4 weeks time) to answering it, because super-high-income can be a curse - not the blessing that the rest of the world imagines it to be. In the meantime, keep in mind that the 'rule' on what you can spend on a house is governed primarily by your Net Worth - not by your income: http://7million7years.com/2008/02/04/how-much-to-spend-on-a-house/ @ Donovan – I like your question so much that I will devote an entire post (3 to 4 weeks time) to answering it, because super-high-income can be a curse – not the blessing that the rest of the world imagines it to be.

In the meantime, keep in mind that the ‘rule’ on what you can spend on a house is governed primarily by your Net Worth – not by your income:

http://7million7years.com/2008/02/04/how-much-to-spend-on-a-house/

]]> By: Donovan http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-581 Donovan Tue, 15 Jul 2008 20:46:11 +0000 http://7million7years.wordpress.com/?p=109#comment-581 My questions is, if my income is roughly $1,000,000 to $2,000,000 a year and I have no debt other than two small car loans. How much house can I afford? My questions is, if my income is roughly $1,000,000 to $2,000,000 a year and I have no debt other than two small car loans. How much house can I afford?

]]> By: AJC http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-580 AJC Sat, 05 Apr 2008 19:42:06 +0000 http://7million7years.wordpress.com/?p=109#comment-580 @ Rob - now, I understand it's "Rob IN Madrid" not "Robin Madrid" ... sry :) BTW: we loved Madrid; you're v. lucky if you live there. Aaah, I see ... I linked everything BUT the main one ... ooops. Fixed! @ Rob – now, I understand it’s “Rob IN Madrid” not “Robin Madrid” … sry :) BTW: we loved Madrid; you’re v. lucky if you live there.

Aaah, I see … I linked everything BUT the main one … ooops. Fixed!

]]> By: Rob in Madrid http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-579 Rob in Madrid Sat, 05 Apr 2008 18:34:35 +0000 http://7million7years.wordpress.com/?p=109#comment-579 It would help if you provided the link to previous entrys for those that didn't read them. It would help if you provided the link to previous entrys for those that didn’t read them.

]]> By: AJC http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-578 AJC Mon, 31 Mar 2008 02:26:03 +0000 http://7million7years.wordpress.com/?p=109#comment-578 @ Thomas - I am not a believer in 'one trick ponies' when it comes to investing ... I will cover lots of: Uncommon Wisdom, How To's, and Rules of Thumb as this blog runs its course, but the bottom line is that YOU will need to do what YOU are comfortable with. First rule: save until you have enough to invest ... then invest it all and repeat! @ Tim - Thanks for your comments ... I wish that I had this information 10 years ago, too!! ... that's why I'm writing it for you :) @ Thomas – I am not a believer in ‘one trick ponies’ when it comes to investing … I will cover lots of: Uncommon Wisdom, How To’s, and Rules of Thumb as this blog runs its course, but the bottom line is that YOU will need to do what YOU are comfortable with.

First rule: save until you have enough to invest … then invest it all and repeat!

@ Tim – Thanks for your comments … I wish that I had this information 10 years ago, too!! … that’s why I’m writing it for you :)

]]> By: Tim http://7million7years.com/2008/03/30/devolving-the-myth-of-income-%e2%80%a6-part-ii/comment-page-1/#comment-577 Tim Sun, 30 Mar 2008 21:20:05 +0000 http://7million7years.wordpress.com/?p=109#comment-577 Bravo! This is a great post.....very succinct and right on the money. It should be required reading for anyone serious about saving and wealth acquisition. I wish I head read and understood this ten years ago. I now only have to follow this the next ten years! Thanks for your great blog. Bravo! This is a great post…..very succinct and right on the money. It should be required reading for anyone serious about saving and wealth acquisition. I wish I head read and understood this ten years ago. I now only have to follow this the next ten years!

Thanks for your great blog.

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