Comments on: Seven steps to wealth

By: Tom

Tom — Wed, 12 Dec 2007 18:31:22 +0000

Susan – you make a good point. I think that's why these were
"Surprising Secrets" of America's wealthy. It does make sense that
those that want a more luxurious lifestyle would be more motivated
to earn money, work harder to earn that money and, ultimately, have
that money. However, the authors found out that the opposite was
true – those that live in luxury are often deep in debt. It could
be that those that that like to buy expensive clothes aren’t really
finding a way to earn more. Instead they are finding ways to borrow
more which, to them, is an easier route to those expensive clothes.
On the other hand, those that fit the “wealthy” profile described
in the book are leveraging their money to make more money. I do
think you have a good point though about why earn money if you
don’t have any desire to spend it. I’m reading the 4 hour workweek
which discusses some of these principles. I’ll probably incorporate
that into a future post.

By: Susan

Susan — Wed, 12 Dec 2007 09:38:56 +0000

I can’t agree on the first tip. Have you ever heard about this -
the more you spend, the more you earn. For instance, if you like to
buy expensive clothes but you can hardly afford it yourself now,
you are sure to find some ways to earn more. Look, people who like
luxury, do their best to earn the money for these luxury things.
And if you have no interest for expensive cars, clothes, luxury
apartment, and so on, why to make million dollars. Uhh, don't you
agree?

By: Tom

Tom — Fri, 30 Nov 2007 12:26:42 +0000

Of course I would use the wrong markup. Here's the proper link to
the discussion: "http://www.omninerd.com/blogs/Using_Financial_Advisers_and_Tax_Consultants">
Using Financial Advisers and Tax Consultants