Watch this video to the end to see how a smart marketing strategy can make any shlubb rich(er) quick(er) … … look and learn Read Full Story

Motley Fool tells us about Lou Eisenberg who just seems like another Global Financial Crisis statistic: broke and living in a mobile home, supported by $250 per week in Social Security and pension payments … … except that in 1981 Lou “won what was, at the time, the largest-ever lottery payout”, valued at $5 Million. Now, with the 25 year inflation rate averaging around 3.25% (at least, according to my calculations), I put that at something approaching $9.5 million 2009... Read Full Story

Lots of people trusted this man with their money, but more on that later … First, I want to tell you about The Finance Buff who wants to offer you personal finance advice … he also wants to know how much you’re prepared to pay, claiming that there’s an under-serviced market here for inexpensive, unbiased personal finance advice: Usually an under-served market exists when there is a big gap between what customers are willing to pay and what it costs to produce what the... Read Full Story

I was really impressed with the quality of our readers’ analysis of last week’s video post (from ABC’s excellent show, the Shark Tank, which is about a group of entrepreneurs who listen to various pitches before deciding whether to invest their own money), so I thought that I should do this follow-up piece, while the video is still reasonably fresh in our minds. In case you didn’t see the video, or need a refresher, here is the link: http://7million7years.com/2009/11/... Read Full Story

Forget the “banks make money from thin air” assertions at the beginning of this video, but watch the cartoon rendition of the creation of the modern-day banking system for an understanding of how banks really work. While it is true that the dollar is no longer backed by gold (in 1933, President Franklin D Roosevelt suspended the standard and revoked gold as universal legal tender for debts), just remember that each George Washington is still backed by “the full faith and credit o... Read Full Story

Note: There is a poll embedded within this post, please visit the site to participate in this post's poll. Watch this video – remember, these are real investors, preparing to invest their OWN MONEY if the right idea(s) comes along – then answer the poll (and, please make a comment if you can … it would be great to be able to share WHY you feel that way): Read Full Story

Albert Einstein was wrong … the financial experts are wrong … and, we’re about to debunk perhaps the greatest – and, most misleading – of all finanical ‘truisms’ … … and, you’ll be able to say that you read it here first You see, the cornerstone of almost all personal finance books and philosophies is the so-called ‘Power of Compounding Interest’ … if you need a primer, check out this little video that I ran last ... Read Full Story

Many thanks to my new blogging friend, Kohti, for pointing me to an interesting new online game purporting to teach me all about money … …. but – with all the greatest respect to the game’s authors – if I had played this game 7 years ago, I think I would have been depressed. You see, it encourages you to create a character (mine was a 20-something year old, single male earning around $24k p.a.), and make some buying decisions: - some mandatory (accommodation; cl... Read Full Story

You think you need to dig yourself further into debt to get that new car? Think again … … there’s always another way [Hint: even if a Higher Power doesn't simply drop one into your lap, you could try saving up for one ] Read Full Story

Note: There is a poll embedded within this post, please visit the site to participate in this post's poll. I’m not sure why I have never asked this question directly before, but I would dearly love ALL of my readers to take the 20 seconds that it would take to let us all know what Number you are aiming for (i.e. how much you need in order to stop work and finally live your life)? Of course, no such poll would mean anything without also knowing when you want to finally stop work … ... Read Full Story