Comments on: Celebrating Spending Week! http://7million7years.com/2008/04/09/celebrating-spending-week/ 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: All I got is my bike, a beautiful sunny day and a new Nikon D40! | Life of (f)Utility: Hacking the Human Race http://7million7years.com/2008/04/09/celebrating-spending-week/comment-page-1/#comment-707 All I got is my bike, a beautiful sunny day and a new Nikon D40! | Life of (f)Utility: Hacking the Human Race Mon, 05 May 2008 13:33:59 +0000 http://7million7years.wordpress.com/?p=152#comment-707 [...] did my part to jump start the economy and bought a nice camera. I’ve always loved taking pictures with my point-and-click and [...] [...] did my part to jump start the economy and bought a nice camera. I’ve always loved taking pictures with my point-and-click and [...]

]]> By: AJC http://7million7years.com/2008/04/09/celebrating-spending-week/comment-page-1/#comment-706 AJC Wed, 09 Apr 2008 17:51:07 +0000 http://7million7years.wordpress.com/?p=152#comment-706 Everybody - Guest Post courtesy of Alex, today! Seriously, thanks for your contribution today Alex. To me Saving and Spending are the Yin and Yang of money ... isn't it sensible to provide at least some commentary on how to control the rush of cash as it leaves your wallet? PS Buying condos (presumably to earn income) isn't Spending ... it's Investing. Good luck with it ... just remember sooner is (much) better when it comes to investing. Everybody – Guest Post courtesy of Alex, today!

Seriously, thanks for your contribution today Alex. To me Saving and Spending are the Yin and Yang of money … isn’t it sensible to provide at least some commentary on how to control the rush of cash as it leaves your wallet?

PS Buying condos (presumably to earn income) isn’t Spending … it’s Investing. Good luck with it … just remember sooner is (much) better when it comes to investing.

]]> By: Alex Le http://7million7years.com/2008/04/09/celebrating-spending-week/comment-page-1/#comment-705 Alex Le Wed, 09 Apr 2008 15:37:41 +0000 http://7million7years.wordpress.com/?p=152#comment-705 I'm curious a bit by your topics. No doubt spending money is social responsible, creating more jobs, and help boost the economy. My list of worthy cause to spend money on, as a consumer: Camera - I want a Digital Rebel to start dabbling into photography. Only when I have $1000 to spare. Travel - Once every 2 or 3 months, I want to get out and visit people. So far this plan has been working out pretty well and I enjoyed it a lot. It doesn't have to be that expensive (can be) but I have friends from college to crash so a trip will cost around $500 - $600 or so for a weekend get-away (plain tickets include). I figure, 6 times a year only cost me roughly $3,000, which I can make anytime by working some extra weekends, while I can get to know a tons more people, new network, see new places, and become richer as a person. Once you know and see more, you will less likely to judge other people and be more opened to ideas. Occasional self-indulgences such as an iPod. I can't live without the iPod since I spend roughly 1 hour everyday on the road. It's a $300 well-spent. Donation to my Church. I'm not Christian but I do believe money should be used for good-will action as well. I rather give to the church than give to the tax-man. Learning and education: I gotta keep constant up-to-date in my field, also, I want to enrich myself too with other interesting hobbies in music and art. This won't be much, but I will probably end up taking one college-level class every semester when I have the luxury of having time and money. Long-term plans: Buying condos and rental properties. This will for sure boost the economy, one "$150,000" or "$200,000" at a time. Continue to invest in micro/peer-to-peer lending. I have a decent account in Prosper so I'd like to keep that rolling. I hope that I can help other people through financial hardship and at the same time, make decent return with my money. Oh, AJC, I have a question for you about P2P lending -- wonder if you can share your opinion. Never, ever, get into credit card debts. I've been debt free for the last 2 years now and I never want to get back into carrying revolving debts. I’m curious a bit by your topics. No doubt spending money is social responsible, creating more jobs, and help boost the economy. My list of worthy cause to spend money on, as a consumer:

Camera – I want a Digital Rebel to start dabbling into photography. Only when I have $1000 to spare.

Travel – Once every 2 or 3 months, I want to get out and visit people. So far this plan has been working out pretty well and I enjoyed it a lot. It doesn’t have to be that expensive (can be) but I have friends from college to crash so a trip will cost around $500 – $600 or so for a weekend get-away (plain tickets include). I figure, 6 times a year only cost me roughly $3,000, which I can make anytime by working some extra weekends, while I can get to know a tons more people, new network, see new places, and become richer as a person. Once you know and see more, you will less likely to judge other people and be more opened to ideas.

Occasional self-indulgences such as an iPod. I can’t live without the iPod since I spend roughly 1 hour everyday on the road. It’s a $300 well-spent.

Donation to my Church. I’m not Christian but I do believe money should be used for good-will action as well. I rather give to the church than give to the tax-man.

Learning and education: I gotta keep constant up-to-date in my field, also, I want to enrich myself too with other interesting hobbies in music and art. This won’t be much, but I will probably end up taking one college-level class every semester when I have the luxury of having time and money.

Long-term plans:

Buying condos and rental properties. This will for sure boost the economy, one “$150,000″ or “$200,000″ at a time.

Continue to invest in micro/peer-to-peer lending. I have a decent account in Prosper so I’d like to keep that rolling. I hope that I can help other people through financial hardship and at the same time, make decent return with my money. Oh, AJC, I have a question for you about P2P lending — wonder if you can share your opinion.

Never, ever, get into credit card debts. I’ve been debt free for the last 2 years now and I never want to get back into carrying revolving debts.

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