Comments for 7million7years

Comment on Are polar bears left-handed? by My Journey

My Journey — Wed, 08 Feb 2012 08:33:07 +0000

I am the worst! I will ALWAYS look things up and call BS on people. I truly believe you have disspelled all of those myths (but then again I have been reading this blog for 18 months or so and maybe just maybe I am affected by the kool aid LOL)

Great round up post!

Comment on Devolving the Myth of Income … Part I by Are polar bears left-handed?- 7million7years

Are polar bears left-handed?- 7million7years — Tue, 07 Feb 2012 11:40:46 +0000

[...] – The myth that a high income equates to wealth [...]

Comment on Advice for a new multimillionaire! by khorlin

khorlin — Sat, 04 Feb 2012 01:26:49 +0000

I love the comment of high flyer to conservative investor, it makes good sense. Sadly in the coperate world once you get a promoted, upgrade car or more holidays or bigger house. This is the sad reality. However for me i am eyeing my next 20 property investment…:)
Welcome Back

Comment on Are polar bears left-handed? by GREAT IDEAS lead to BETTER OUTCOMES » When choice goes bad

GREAT IDEAS lead to BETTER OUTCOMES » When choice goes bad — Fri, 03 Feb 2012 02:08:17 +0000

[...] the bad – Apparently Howard Hughes remarried and lived in Alabama until into his nineties. All polar bears are left handed. Ducks quacks don’t echo. Bountiful information also means more misinformation. Who is best [...]

Comment on Advice for a new multimillionaire! by traineeinvestor

traineeinvestor — Thu, 02 Feb 2012 06:41:50 +0000

Absolutely – getting it and keeping it are two very different games

That said, if I had to advise anyon who received a windfall and wants to stay wealthy it would be along the lines of:

1. don’t tell anyone
2. keep doing what your’re doing for 6-12 months (i.e. until the adrenaline wears off)
3 don’t go on a shopping binge (bad habits are hard to break)
4. do a realistic budget
5. invest as per your post after you have educated your self on investing (and until then nice boring CDs etc only)

PS – wellcome back, your fans missed you

Comment on A new kind of slum dog millionaire … by Adrian

Adrian — Wed, 01 Feb 2012 03:29:43 +0000

@ Dragoncar – Thanks for your comment.

That’s not to say that the “25% of the population [that] has a houshold income less than $22,500″ is actually HAPPY with their $22.5k p.a.

Comment on A new kind of slum dog millionaire … by Dragoncar

Dragoncar — Tue, 24 Jan 2012 08:53:55 +0000

A little late to the party but…

To be fair, 25% of the population has a houshold income less than $22,500 (2005, wikipedia).

So those 25% were pretty close, because they actually do live on around the SWR of $500k. Plus, whenever you talk to people about retirement, there are usually additional assumptions, like expected social security payments, pensions, etc. that they are not including in the $500k.

Moreover, in 2003, the median houshold lived off $43k. And don’t forget that at least some of that (hopefully) was going towards retirement, so actual expenditures were even less.

If someone gave me $1m I’d retire now. And by retire I mean quit my job and do something else I enjoy (perhaps for profit).

Comment on Why did Warren Buffett buy half a dozen MLM companies last year? by Justice Matshili

Justice Matshili — Sat, 31 Dec 2011 03:22:07 +0000

There are more people failing in conventional businesses all over the world, after borrowing lots of money from banks, than those who succeed. It is therefore wrong and inconsistent for any person to demonise MLM and consider it an industry hard to succeed in. Which business has ever been easy to do? The truth is business in general is tough and it is not for everyone, else every person would be a business owner. The reality is every business demands TIME, EFFORT and MONEY, but most people who join MLM businesses (no matter how good their compensation plans may be)hope to make millions from just taking care of the MONEY part of the equation and then doing nothing after that… neglecting both TIME and EFFORT. These three have to be consistently and consciously pursued for any business, especially MLM, to succeed.

Comment on Copying the magician … by luis

luis — Mon, 26 Dec 2011 22:07:19 +0000

Would love to here about “refinance at regular intervals”, I’m in possible expansion mode but not sure when to make a move…

Comment on … another man’s poison! by luis

luis — Mon, 26 Dec 2011 22:03:41 +0000

Dear Josh, where’s you blog that tells us how to make money in penny stocks? Oh you don’t share your advice, and you don’t have the time, or your too good for us. I for one have wandered back here and the message here is still the same. Use debt wisely.