Comments on: 7million7year's April Fools Day Joke!

By: Shae

Shae — Thu, 01 Apr 2010 19:57:23 +0000

Hello there, Happy April Fool’s Day!

This old gal was trying on one of those blouses with a plunging neckline and after looking herself over in the mirror, asked a saleslady if she thought it was too low-cut.
“Do you have hair on your chest?” the saleslady asked.
“No!” she squealed.
“Well then,” the saleslady said, “it’s too low-cut.”

Happy April Fool’s Day!

By: Ooops! She broke the 25% Rule …. « How to Make 7 Million in 7 Years™

Ooops! She broke the 25% Rule …. « How to Make 7 Million in 7 Years™ — Fri, 29 May 2009 11:47:35 +0000

[...] Ooops! She broke the 25% Rule …. Published May 29, 2009 Your House 0 Comments Tags: 7million, 7million7years, house, Investing, millionaire, money, Rich, Saving, Starting Out, wealth I wrote a post some time ago about how I broke (nay, smashed!) the 20% Rule when I bought my latest house – considering that we paid $4 mill., are about to renovate for at least $1 mill., and still own another $2 mill. house that we haven’t been able to sell due to the crash, I’d say that we need some major corrective action … which, I outlined in this post. [...]

By: DIY Property Management? « How to Make 7 Million in 7 Years™

DIY Property Management? « How to Make 7 Million in 7 Years™ — Sat, 18 Apr 2009 13:40:53 +0000

[...] have a smaller portfolio of investment property than previously [AJC: unfortunately, I also have a larger portfolio of for-my-own-use residential property than planned or ideal], having sold the ‘jewel in my investing crown’ due to market conditions [...]

By: Adrian

Adrian — Fri, 03 Apr 2009 21:56:27 +0000

@ Money Funk – the only ‘softer side’ of me is the gooey stuff between my ears … it didn’t work so well, this time

@ Rick – We did that BEFORE we upgraded

Actually, Rick, we did think about it until we counted pennies and realized that we COULD afford the house IF we did one of the following:

1. Take out a HELOC (or mortgage) on, say, 50% of the house, OR

2. Apply, say, 50% of the equity in the house (remember, we paid cash) to another investment; for example, there is a commercial building that I am looking at … it’s possible that a bank will let me 100% finance, using my house as equity. If not, we simply finance both 50%.

The key here is:

a) Will we then meet the Equity Rule? YES

b) Will w then meet the income Rule? YES

If so, we CAN afford to keep the house …

By: Rick Francis

Rick Francis — Fri, 03 Apr 2009 16:49:43 +0000

>Where were you when I needed you, Rick?

Sorry I didn’t advise you earlier , but I actually do have some money saving advice now:

Reevaluate the pool and tennis court-

Consider this- how often are you _REALLY_ going to use them… if it isn’t all the time then does it makes sense to own it instead of renting it?

Why not just join a nice health club? For the cost of the renovations you could pay the membership for years. You leave the maintenance costs and hassles to someone else, and a club should offer a more social environment- and better services.

-Rick Francis

By: Money Funk

Money Funk — Fri, 03 Apr 2009 15:21:52 +0000

Wow ACJ, you opened up and shared a softer side of you.

Actually, that is atrocious of you to break the rules! lol! Glad on my part, to see someone else has weathered the mistakes in hopes that I may learn from it. What do you do with a 4.5-mil dollar house? iHmmmmmm…

By: Steve

Steve — Fri, 03 Apr 2009 03:25:13 +0000

A Man with a plan. I have great confidence you’ll come back from these mistakes.And you have some learned lessons you will carry with you into the future. Great Post.Thanks for sharing.(Salamat) thats thanks in Tagalog.