Comments on: I Don't Know How to Spell Millionaire, But I is One! http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars-2/ Life On Your Own Terms Mon, 13 Feb 2012 00:01:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: George http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars-2/comment-page-1/#comment-12842 George Wed, 13 Aug 2008 22:22:50 +0000 http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars/#comment-12842 Audio Man - You make an interesting point. I would argue that leverage only exacerbated the bigger problem. If I add leverage to any asset where my return is lower than the cost of my mortgage, the only thing that can rescue me is the "greater fool" - someone who pays yet more for an asset that wasn't worth what I paid for it. That's exactly what we saw with the "bubble". Audio Man – You make an interesting point. I would argue that leverage only exacerbated the bigger problem. If I add leverage to any asset where my return is lower than the cost of my mortgage, the only thing that can rescue me is the “greater fool” – someone who pays yet more for an asset that wasn’t worth what I paid for it. That’s exactly what we saw with the “bubble”.

]]> By: Audio Man http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars-2/comment-page-1/#comment-12841 Audio Man Wed, 13 Aug 2008 03:13:54 +0000 http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars/#comment-12841 I wonder whether leveraging into property to such an extreme level is a wise move given the sub-prime property crash we've seen. In such, such optimism and enthusiasm about leveraging into property was what created the bubble in the first place. I wonder whether leveraging into property to such an extreme level is a wise move given the sub-prime property crash we’ve seen. In such, such optimism and enthusiasm about leveraging into property was what created the bubble in the first place.

]]> By: George and Mary-Lynn http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars-2/comment-page-1/#comment-12840 George and Mary-Lynn Wed, 14 May 2008 22:14:01 +0000 http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars/#comment-12840 Nick you offer up some fantastic advice! Thanks so much...and your donation is in the mail! Nick you offer up some fantastic advice! Thanks so much…and your donation is in the mail!

]]> By: Nick Schmidt http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars-2/comment-page-1/#comment-12839 Nick Schmidt Wed, 14 May 2008 20:40:02 +0000 http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars/#comment-12839 I'm currently taking donations to allow me to become a millionaire. LOL. JK.. Unless you really want to give me money.. Investment properties are always a good investment. Sometimes, they do better than the stock market. However, again you have to the money 1st in order to invest in them. It is good idea if you develop a friendship with a contractor whenever you renovate a new property. I was a contractor for a company in the summer breaks during college. I noticed the good relationship between the owners & contractors. Both parties helped each other advance themselves in that industry. I’m currently taking donations to allow me to become a millionaire. LOL. JK.. Unless you really want to give me money..

Investment properties are always a good investment. Sometimes, they do better than the stock market. However, again you have to the money 1st in order to invest in them.

It is good idea if you develop a friendship with a contractor whenever you renovate a new property. I was a contractor for a company in the summer breaks during college. I noticed the good relationship between the owners & contractors. Both parties helped each other advance themselves in that industry.

]]> By: George and Mary-Lynn http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars-2/comment-page-1/#comment-12838 George and Mary-Lynn Wed, 14 May 2008 19:10:33 +0000 http://biggsuccess.com/2008/05/14/tips-to-lead-you-to-a-million-dollars/#comment-12838 Amy, we confident with your attitude you'll get there! Bob, well OshKosh B' Gosh that just might work! Thanks to you both for stopping by. Amy, we confident with your attitude you’ll get there!

Bob, well OshKosh B’ Gosh that just might work!

Thanks to you both for stopping by.

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