An avid fan of personal finance (PF) blogs. Most PF blogs preach saving or cost cutting your way to saving for your retirement. Though the coupon cutting advice, maybe sound advice, the rewards are minimal, especially when you take into account inflation.
But recently, I have wrapped my head around a new breed of PF advice which states that saving your way to richness is not the most efficient way. The new PF approach involves one thing ~ finding ways to make more money!!! Personal finance blogger AJC’s www.7million7years.com Blog offers three clear rules for building wealth fast HERE, HERE, and HERE. AJC, who started off 30k in debt and ultimately rose to become a multi-millionaire in the short span of 7 years.
The Grand Experiment…
AJC recently offered an opportunity seldom heard of within the PF industry. His way of giving back, known as the 7 Millionaires … In Training! ‘Grand Experiment’. The contest provides 7 lucky individuals the opportunity to gain a mentor, learn from someone who has made millions, and all his advice for free, no strings attached. This was an offer I had to pursue not only of the reasons of working with AJC but more importantly to quill my entrepreneurial bug and to pursue my long standing goal of creating a business along the USA\Mexico border region.
Our parents never saved for their retirement. They lived paycheck to paycheck giving us what we needed without planning for their futures. Not knowing what type of retirement they would have to endure until they were actually retired, and then having only to adjust. One thing they have instilled in me is that this country owes you nothing. This has led us to make clear changes right now so that our retirement will be better. My promise to you, if chosen for the lucky 7. Quitting is never an option. Fast on my feet, I aim to get rich by taking clear concrete educated steps towards my goal of 3 million in 5 years. We participate with the intention to apply what we learn. Watching from the sidelines just won’t do anymore, especially when we see several of our friends taking our parents approach to retirement. We’ve stayed the course and eliminated our bad debt (car and credit card debt). We’ve picked up our first rental property, and are considering our first land purchase.
We aim to center our money making machine around the USA\Mexico border our goal has two twists: first to understand money through a multi-cultural, multi-lingual, multi-national perspective and second to capitalize on existing partnerships like the Security and Prosperity Partnership of North America.
In conclusion, goals are hard, but harder the person who must look himself in the mirror and know they did not try. Striving to gain the type of knowledge that will release my internal need to succeed has brought me here. Applying to the 7 millionaires in Training (7MIT’s) contest was a no brainer. Free mentoring from a person who has been in our shoes. AJC’s intentions seem legitimate and if not then we will be the stronger for enduring. I know that this is my calling; this experiment only brings it to the forefront.
Luis
