Comments on: Your Perpetual Money Machine won't start?

By: Under the spotlight: Josh «

Under the spotlight: Josh « — Mon, 08 Jun 2009 08:40:09 +0000

[...] http://7million7years.com/2008/11/06/your-perpetual-money-machine-wont-start/ [...]

By: Accumulating 7 million dollars worth of property in 7 years? « How to Make 7 Million in 7 Years™

Thu, 18 Dec 2008 14:08:39 +0000

[...] money machine, real estate, Rich, wealth I wrote a series of posts about how to build a Perpetual Money Machine, and Caprica asks: I thought the title of this blog was called 7 million in 7 years, not 1 million [...]

By: AJC

AJC — Sun, 09 Nov 2008 21:37:18 +0000

@ Caprica – No prob. – it’s inspired me to do (another) f/u post, anyway … stay tuned!

By: Caprica

Caprica — Sun, 09 Nov 2008 21:05:15 +0000

thanks for that.

I realized after I posted my response I already knew the answer …, which was to start one or more businesses to help you generate enough money to buy your passive income source.

Like all things in life, I tend to shoot before I aim.

By: AJC

AJC — Sun, 09 Nov 2008 19:14:46 +0000

@ Caprica – Good question; here’s how I did it:

http://7million7years.com/2008/04/25/my-7-million-dollar-journey/

How YOU do it will depend on your starting point and ending point (is it really 7m7y that YOU need? Or, 1m20y? Or, somewhere in between?):

http://7million7years.com/2008/09/30/its-the-gradient-of-the-curve/

By: Caprica

Caprica — Sun, 09 Nov 2008 10:24:32 +0000

Nice posting AJC, but I thought the title of this blog was called 7 million in 7 years, not 1 million in 20 years?

How do you go about accumulating 7 million dollars worth of property in 7 years and be in a net cash flow positive position by the end of 7 years?

By: AJC

AJC — Sat, 08 Nov 2008 04:33:59 +0000

@ Scott – It’s when the financial adviser starts to give you spinal traction that you have to worry … reminds me of a sign in a pizza shop in Melbourne when I was growing up:

“We have an agreement with the bank: they don’t make pizza and we don’t cash checks”

… except ‘checks’ was spelled ‘cheques’ in Australia, where ink is cheaper

By: Scott

Scott — Fri, 07 Nov 2008 16:23:03 +0000

Amen. It’s kinda funny, one of my patients is a financial adviser in a big firm here and we talk about finance often when he’s here receiving care and he’s a big proponent of much of the ‘bad’ financial advice that you always read in popular media concerning money. Ideas such as diversify as much as possible, dump your stocks for bonds in this market, turn over to cash in this market, real estate is a bad investment in this market because of the housing bubble,etc. etc.. and the funny thing is, i’ve explained this exact advice to him (which is basically in stark contradiction to his advice)that was in this post over the last couple of visits that he has come in.

A dr., giving a financial ‘expert’ advice on money,who would have thought? lol.