Comments on: Proof It’s Possible to Become a Millionaire

By: J. Money

J. Money — Mon, 23 May 2016 19:05:07 +0000

In reply to Dave.

To the Millionaire club?

Sure! Just tell us what’s on your “to do” list to make it to a million and we’ll add you up on it :) Drop it in the comments at the end of this post for me:

https://eliteedgemoney.com/2008/04/my-millionaire-to-do-list/

Thanks! And hope you achieve it!

By: Dave

Dave — Wed, 18 May 2016 11:41:34 +0000

Is there a form or a sign up sheet where I can sign up to join this club?

By: J. Money

J. Money — Tue, 08 Apr 2014 21:02:53 +0000

In reply to wes@GenWiseWealth.

That’s a helluva great (and simple!) equation! If only more people listened to it :(

My philosophy on investing savings? I just wrote up a post on the order of where all my “extra” money goes (ie your savings/investments). Is this what you mean?

https://eliteedgemoney.com/2014/03/what-to-do-extra-money/

By: wes@GenWiseWealth

wes@GenWiseWealth — Tue, 08 Apr 2014 13:04:26 +0000

It’s great to hear about the different paths we take to reach our final destination of financial freedom…whether that be $1m, $5m, or heck $100m dollars or more.

In my mind, it all comes down to a simple equation:

Income – Spending = Savings and Investment

(see my blog post: http://www.genwisewealth.com/the-simple-equation-for-wealth/)

J. Money,
What is your philosophy on how people should invest their savings?

By: J. Money

J. Money — Thu, 23 Jan 2014 16:02:41 +0000

In reply to jim.

HAH! Rock on man – congrats!! A million dollars is still a million dollars no matter how you slice it :) Going now to update the Millionaire list – way to go.

By: jim

jim — Wed, 22 Jan 2014 22:20:39 +0000

You can add Jim #99 as having crossed the $1M mark now too. I didn’t realize it ’cause my wife does most of our budgeting, but when I read your article I added the #’s in my head, asked her if she realized we were past the $1M mark and she said, “yeah” – like so what? She said ours doesn’t really count (in her head) until our mortgage is paid in full and our investments are a much more over $1M than they currently are – in order to account for market risk. Not quite sure how her brain works – but you may now mark off #99.

By: J. Money

J. Money — Wed, 20 Nov 2013 21:45:39 +0000

In reply to JoeTaxpayer.

All good things to think about, brotha… I plan on having my expenses cut down wayyyyy less by the time I “retire” myself, and perhaps that will include getting rid of our house and living in a cabin in the woods I build by hand myself (Hah! yeah right).

Question for you though – if you don’t include your house in your net worth, how do you offset the mortgage(s)? Or are you guys mortgage free these days?

I always feel like either both should be included, or none at all, or one side is more skewed than the other… Then again, I look at my net worth as all assets – liabilities which would be different if you’re only tracking stuff for retirement income or accounts only, etc…

By: J. Money

J. Money — Wed, 20 Nov 2013 21:42:06 +0000

In reply to Vincci. When you do, send me the link to it and I'll add you as a new member to our club ;)

By: J. Money

J. Money — Wed, 20 Nov 2013 21:41:19 +0000

In reply to Micro. Okay, but please wait for me to show up so I can nab them too!!!

By: J. Money

J. Money — Wed, 20 Nov 2013 21:40:46 +0000

In reply to Brian @ Stocks and Cents. I'm checking... and not seeing anything yet! ;)