Comments on: Passion before money …

By: moneycometh

moneycometh — Fri, 13 Mar 2009 02:33:17 +0000

If I never had to worry about money again, I would invest in more cash producing assets. Basically, I would be creating money for generational wealth. If I were to pass away within 5 years, I would buy everything that my family needs. Then I would make a will. I would give away my wisdom, as to how I made all of money, to willing ears that want to heir. In the in end, I would thank God for the opportunities for doing everything I just listed.

By: AJC Feed: Thursday @ 8pm CST (9pm EST / 6pm PST)!! «

AJC Feed: Thursday @ 8pm CST (9pm EST / 6pm PST)!! « — Wed, 15 Oct 2008 09:40:14 +0000

[...] Adan’s 13. y.o. Brother Asks: When am I going to learn that in school? [...]

By: AJC Live Thursday @ 8pm CST (9pm EST / 6pm PST)!! « How to Make 7 Million in 7 Years™

Wed, 15 Oct 2008 09:32:36 +0000

[...] Published October 15, 2008 Rich Tags: millionaire, money, Rich, Starting Out, wealth Adan’s 13. y.o. Brother Asks: When am I going to learn that in [...]

By: Show me the money! « How to Make 7 Million in 7 Years™

Show me the money! « How to Make 7 Million in 7 Years™ — Fri, 10 Oct 2008 10:44:33 +0000

[...] b. Your Life’s Purpose – but, the closest he seems to get to helping you understand what that might be is when he quotes directly from George Kinder’s Big Three Questions. [...]

By: Di Eats the Elephant

Di Eats the Elephant — Wed, 08 Oct 2008 17:16:35 +0000

The question about education is interesting. I’ve also been doing a lot of thinking about it.

I think that much of what the US still has to offer the world IS a good education, but when you look at what is taught, we are not taught modern history until we become undergraduates in college, and even that is superficial. Much of what we learn in the public schools takes us (or took those of us growing up in the 60s and 70s) up to WW2 only. And the economics of most of the wars was never discussed. It was always the idealism that was discussed.

When I first went to college – in 1979 – the question making the rounds was the changing face of college educations from teaching people how to think to teaching people how to do something (accounting, for instance). Yet, much in my own field is stuff that cannot be learned in schools until you hit a master’s degree, and again there is no diving down deep except in one’s own job (unless you’re doing a PhD thesis on something). I’m beginning to think that a college degree should be something that is worked for only after exposure to working.

I also disagree that people will put back more than they take out. I too, used to be idealistic, Jason, but I have not seen that people tend to be that way at all. More that they are made of good intentions perhaps. If it were a requirement of the program that they do something, then they would probably agree and uphold that, but I doubt a voluntary basis would have the same result. Just my opinion. Perhaps there would be another way to get this back.

By: AJC

AJC — Tue, 07 Oct 2008 21:44:15 +0000

@ Adan – My son’s interest in money and business is mostly ‘self taught’, although I do answer any questions that he asks. However, you are right about the schools: they teach cooking but not finance.

Luckily, with eBay and other online marketplace, kids can pretty much teach themselves, if they have the desire …

@ Jeff – That’s probably enough, although a better title would have been “A Retirement Worth Living”

By: Jeff

Jeff — Tue, 07 Oct 2008 20:17:36 +0000

I read Esienberg’s book as well. His number is alluded to quite often, but not really detailed in any manner that helps the reader calculate anything.

Eisenberg’s number was a good read and opened my mind to the idea of having a retirement worth living, but that’s about it.

-Jeff
Learn to manage money at Minding My Own Business

By: Adan

Adan — Tue, 07 Oct 2008 15:25:40 +0000

@ Jason– I love your idea for a fund for education for the less fortunate. Although, I think, that we need to go back to actually teaching the subjects that matter earlier in life. The education system has become an institution that teaches how to pass a standardized exam rather than learn the subject. In many cases I feel we don’t need school. For example, I am trying to instill some of the lessons Adrian talks about in his blogs to my 13 yr. brother and I find myself “biting my tongue” he asks, “When am I going to learn that in school?” The truth is he won’t see it in school or at a university level most of the time. But no matter what our Life’s Purpose is we all need to know these lessons, even if your Life’s Purpose is to be a policeman, fireman, doctor, or anything else one aspires for.

By: AJC

AJC — Tue, 07 Oct 2008 12:32:24 +0000

@ Jason – I would be interested in seeing your Lee’s List (if you are working on one): http://7m7y.com/2008/10/03/crevices-and-foot-holds/ … does your Number account for this fund? Thanks for sharing …

@ Jeff – I cheated I had read Kinder’s questions elsewhere then came across them again in Eisenberg’s book, The Number (which, I think, actually has very little to do with Your Number!)

By: Jeff

Jeff — Tue, 07 Oct 2008 10:47:31 +0000

AJC – I’m impressed that you read Kinder’s book. I picked it up but became disinterested as we delved into the “pain” aspect of money.

Maybe I’ll finish it someday as it appears I put it down before the really good stuff came along.

Thanks
-Jeff
I’m managing my money, are you managing yours?