http://7million7years.com/2008/08/02/why-the-wrong-people-are-rich/ How to make 7 million in 7 years ... Thu, 24 May 2012 09:20:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://7million7years.com/2008/08/02/why-the-wrong-people-are-rich/comment-page-1/#comment-1507 Just make a move! « How to Make 7 Million in 7 Years™ Tue, 12 Aug 2008 10:23:20 +0000 http://7million7years.wordpress.com/?p=280#comment-1507 [...] wrote a piece about the 80/20 rule: how 80% of the people do nothing. I then broke the remaining 20% who do [...] [...] wrote a piece about the 80/20 rule: how 80% of the people do nothing. I then broke the remaining 20% who do [...]

]]> http://7million7years.com/2008/08/02/why-the-wrong-people-are-rich/comment-page-1/#comment-1506 AJC Mon, 04 Aug 2008 19:58:34 +0000 http://7million7years.wordpress.com/?p=280#comment-1506 @ Rick - risk, sacrifice and I'll add non-conformance (is that a word?) - taken together, that pretty much sums it up ... thanks! @ Rick – risk, sacrifice and I’ll add non-conformance (is that a word?) – taken together, that pretty much sums it up … thanks!

]]> http://7million7years.com/2008/08/02/why-the-wrong-people-are-rich/comment-page-1/#comment-1505 Rick Francis Mon, 04 Aug 2008 18:33:58 +0000 http://7million7years.wordpress.com/?p=280#comment-1505 Why the ‘right’ people are rich AJC, I think you left a few key things in this post- risk and sacrifice! I love knowledge but it isn’t enough on its own. I suspect your advisors could make as good a rate of return if they were willing to take the same risks. If they also made equivalent sacrifices to get similar amounts to invest they should have similar results. Shouldn't you be rewarded for taking those risks? Didn't you have to make sacrifices when you started your business or expanded it either by putting in more work, or not taking as much personal compensation? If so those are some very valid reasons why you are rich and your advisors are not. -Rick Francis Why the ‘right’ people are rich
AJC,
I think you left a few key things in this post- risk and sacrifice! I love knowledge but it isn’t enough on its own. I suspect your advisors could make as good a rate of return if they were willing to take the same risks. If they also made equivalent sacrifices to get similar amounts to invest they should have similar results.
Shouldn’t you be rewarded for taking those risks? Didn’t you have to make sacrifices when you started your business or expanded it either by putting in more work, or not taking as much personal compensation? If so those are some very valid reasons why you are rich and your advisors are not.
-Rick Francis

]]> http://7million7years.com/2008/08/02/why-the-wrong-people-are-rich/comment-page-1/#comment-1504 AJC Mon, 04 Aug 2008 15:14:04 +0000 http://7million7years.wordpress.com/?p=280#comment-1504 @ Josh - no doubt about it! @ Josh – no doubt about it!

]]> http://7million7years.com/2008/08/02/why-the-wrong-people-are-rich/comment-page-1/#comment-1503 Joshua H. Mon, 04 Aug 2008 03:09:55 +0000 http://7million7years.wordpress.com/?p=280#comment-1503 Interesting comparison. I guess you don't want to be one of those people who contract "paralysis by analysis". I'm thinking the key here is to just make a move, even though it may not be most perfect move? Interesting comparison. I guess you don’t want to be one of those people who contract “paralysis by analysis”. I’m thinking the key here is to just make a move, even though it may not be most perfect move?

]]>