Comments on: What’s Your Investment Plan?…Part II

By: Chad

Chad — Sat, 03 Nov 2007 09:50:11 +0000

I’m really glad you wrote this… reminded me of what I have lost focus on lately: leverage and building cashflows to finance other businesses. I wouldn’t be surprised if you read Kyosaki’s books.

Invest earnings back into your business.
Invest in yourself.
And something I’ve done recently, investing in people, like Ron Paul (if you haven’t heard of him: http://www.youtube.com/watch?v=FG2PUZoukfA )

I love the idea of $100/day. It’s similar to that $5/day ebook. It’s not the dollar amount that’s magic, it’s having specific goals, being focused (remove distractions) and taking persistent action.

Warmly,
Chad

By: Jim Novak

Jim Novak — Wed, 31 Oct 2007 10:50:29 +0000

Amit,
Who the hell cares what you do with your money, It’s nobodys business. When I start making 100 a day it will be heaven for me! just keep feeding me your tips, and some campaigns (products) you push.

Cheers,
Jim Novak

By: Stockshaker

Stockshaker — Wed, 31 Oct 2007 05:20:59 +0000

I have all my money piled up in my living room.

Damn Benjamins covering my keyboard.

By: REC

REC — Wed, 31 Oct 2007 04:12:23 +0000

Jeff,

Chill. Just chill.

By: browie

browie — Wed, 31 Oct 2007 03:00:48 +0000

That’s great, I’d love to get to the $100 mark, shoot I’d go for $50/day for a while.

By: Jeff Roth

Jeff Roth — Tue, 30 Oct 2007 23:41:59 +0000

It’s funny Amit’s last post was about YOU the readers (what you are doing for your future, with your money, etc) and he got 30 responses back about him and what he’s doing with his money and acquisitions of “showing off”…I’m just wondering who’s making this blog all about the world of Amit Mehta…Amit or his readers?

FYI: I know Amit and NO he does not have all of his money piled up in his living room and he doesn’t snicker all day long about how he’s richer than you.

By: REC

REC — Tue, 30 Oct 2007 17:47:05 +0000

Old,

Outside the box thinking is a good idea. Amit has spoken a lot about working outside the comfort zone.
Do illegal stuff, NEVER. I have a wife and kids. And its wrong, very wrong. Success is not just about Money.

Susan,

The mortgage brokers in my opinion can take a lot of the blame. They got all these new loans together in one package,
held them for a year or two, then one day you get a letter saying your mortgage has been sold to some other bank. The broker didn’t care about any other bank or home owner. Now the real banks who took on these loans have home owners that are having trouble making payments. There are other ways to invest in Real estate without owning a property. But even with that the market is rough these days.
Right now even when it seems hard, we are in the right place at the right time. I think AM is going to take off in the next year or two.

By: susan

susan — Tue, 30 Oct 2007 16:44:04 +0000

Andy,

I live in Boston as well, but I don’t own a home (can’t afford one) and I wondered how all those people making 50k or 60k a year were buying homes worth 500k 2 years ago. Does anyone wonder why this sub-prime mess is happening?

Anyway, it’s yet another reason why I decided to start looking into AM. I saw a couple of friends who bought houses which they really couldn’t afford. They tried to turn them into investment opportunities by renting them out to tenants, but that didn’t work and one is in foreclosure right now.

So, I do agree with Amit when he says the focus should be on trying to accumulate CASH IN THE BANK; you can take money with you to any part of the world (can’t do that with a house) the payout in real estate takes too long (who wants to wait 30 years before they see a positive ROI?)

I’m surprised amit didn’t mention one of the attractions to AM – which is the lower barriers to entry than other traditional businessess (or is this not the case?)

By: old

old — Tue, 30 Oct 2007 15:06:42 +0000

hey REC you should try doing thinks a bit illegal, or , outside the box.

you may find that you will not be tired anymore but actually energized by all the money rolling in so quickly.

the down fall is that it would all come to an abrupt end very soon and your dreams would be crushed like mine. but hey atleast you can say that you took a walk on the wild side for once.

By: Andy

Andy — Tue, 30 Oct 2007 15:05:22 +0000

Susan,

You have to remember that Amit lives in Boston which is one of the most expensive places to live in the country. I can also tell you that my wife and I gross about $105,000 a year and we are lucky if we have $500 at the end of the month. This is not hard to do when you have school loans, mortgage, two car payments, and daycare to pay for. Do I live above my means? Not now, but I did when I was in college, and unfortunately that is true for a lot of people. Now I have to catch up.