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Diane
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I like it... the car and the article. Now how to afford one, or the insurance. And is there a back seat for the dog?
Profile Information
- What's Your Number?
- 8,500,000
- What's Your Date?
- July 1, 2014
- What's Your Life's Purpose?
- To Scare Myself into Living Large
Diane's Photos
Diane's Blog
RE Debt can make you rich
Found this blog by Terry Sprouse called Fixer Uppers and Rental Houses and he's reviewed a book out called Real Estate Debt can make you Rich - which he recommends, citing a good section on learning how loans are created and risks calculated by the loan company. Anyone ever hear of it before, or can give some more insight into what he or the author is saying (granted that's limited by the blog content unles… Continue
Posted on January 8, 2009 at 9:00am — 4 Comments
In Praise of Small Business
Thru one of my Twitter friends, I ran across this blog that gives reasons why a small business is better than a large one. My own last company-I-worked-for wrestled with the headaches of how to keep these positive "small company" traits while growing into a big business. When I left, they were losing big time...
What are your thoughts? Are these too generic to be usef… Continue
What are your thoughts? Are these too generic to be usef… Continue
Posted on December 29, 2008 at 6:40pm — 2 Comments
Whose Math, Whose Judgment, Whose Analysis?
KC raised a question in another blog about whether or not we (I think he meant us here on Share Your Number) should put in some search parameters to use one stock analyst's ideas on how to pick a stock. I say "Ix-Nay" on that, but perhaps that is where he should be on stocks and it is a good place to start when one is learning (copy someone else's method).
Some other guys who are learning about stocks are reaching out thru a StockTwit group using Twitter. You can learn a bit more about them her… Continue
Some other guys who are learning about stocks are reaching out thru a StockTwit group using Twitter. You can learn a bit more about them her… Continue
Posted on December 19, 2008 at 1:51am — 3 Comments
How to Justify Buying a Bugatti Veyron
A bit of humor, a bit of income - you guys have got to check out the latest article I put on eHow.
I'm not a veritable font of How-To's but this one was a little fun and tongue-in-cheek about what we are doing here - and why not? See if you can figure out what was borrowed from us and if maybe you too should add the Bugatti Veyron to your "must have" list!
http://www.ehow.com/how_4651087_justify-buying-bugatti-veyron.html
Okay, I have other postings to do today, but housecleaning and dinner s… Continue
I'm not a veritable font of How-To's but this one was a little fun and tongue-in-cheek about what we are doing here - and why not? See if you can figure out what was borrowed from us and if maybe you too should add the Bugatti Veyron to your "must have" list!
http://www.ehow.com/how_4651087_justify-buying-bugatti-veyron.html
Okay, I have other postings to do today, but housecleaning and dinner s… Continue
Posted on December 2, 2008 at 3:46pm — 5 Comments
Comment Wall (19 comments)
- At 11:14am on August 1, 2009,
KC said… - Hi Diane. Just seen your comment on How high your mountain and wondered if you'd had any other thoughts along those lines.
I especially like the way you took up the "4 hour workweek" idea that it might be quite possible to have a millionaire lifestyle when you have far less money - in the book he checked the prices and found it was quite possible if you went and visited Argentina, as a for instance.
You might be interested in the blog niche called "location independent" or "mobile lifestyle" or "digital nomad" which has explored this idea by visiting across the border in Mexico.
Admittedly they had come from a very expensive part of the US (San Francisco) so they noticed the discount in the cost of living more markedly.
One of Freepursuits blog about Mexico
KC
- At 5:14pm on December 21, 2008,
Julian Hebbrecht said…
- Just what I thought, Zulu dancing. LOL or was it the celery peeling that you meant?
- At 4:05am on December 21, 2008,
- Thanks for your message. Actually, I am officially retired. I used to teach English at big Japanese companies like Panasonic, Sapporo Beer, Dai Nippon Ink, etc. and at junior colleges and high schools. Unfortunately, all those jobs were kind of free lance so I was never entered into any pension scheme or anything. I saved some money and invested it in mutual funds but after the financial debacle of this year, I'm not sure there is much left.
My school now is far too small to employ people. I teach one-to-one lessons now to adults and there pay me quite well but there are only so many hours in a week that I can teach of course. All my students stay with me because of some special connection we have established. If I would hire another teacher to teach for me, many students would quit I think. So indeed, I am the manager, the only teacher and the man Friday as well.
By the way, what the heck is Zumba? It sounds like some kind of Zulu magic. LOL
- At 2:53pm on December 19, 2008,
Andee Sellman, One Sherpa said…
- Hi Diane,
The mastermind group is a paid service as Adrian points out. I guess there are somethings that I can't find for free and I don't mind paying for things that have a great deal of value. As an older person I'm finding more and more that the online experience is so completely different to the business models that I've been using all my life that I need a kick start and therefore paying a few dollars to get access to high quality thoughts that are completely different is OK. One of the people who participates quite effectively in the group is a lady called Roz Savage. You can find her at www.rozsavage.com Why not send her a note and ask her about the Australis media masterminds group and see what she says.
- At 10:34pm on December 18, 2008,
Adrian said… - The 'internet markting mastermind group' sounds a bit like our 'grand experiment' at 7m7y.com .... except it's about personal finance, there's no charge, and only 7 (incl. Diane) are actively featured (although, as many as want to participate, can).
I like your reservoir v river analogy ... but, in practice, they are the same thing: you need either cash or a 'cash equivalent' (e.g. business, real-estate investment, royalty stream, etc.) to provie the source for the 'river of cash' ...
... in this post, I explain why even a royalty stream is not really our Number, because you have to keep working it, albit not as hard as working, say, in a salt mine :)
http://7million7years.com/2008/09/08/if-its-not-passive-its-active/
- At 8:47pm on December 18, 2008,
- Hi Diane,
Monetising intellectual property is something we can all do over the net. Even when we get OLD! Learning how to use social media and all the online tools correctly is the challenge but you get lots of leverage from the safety of your own home. I'm part of a mastermind group studying social media at the moment and it has really challenged my thoughts on how to go about business and what sustainable business models will look like in the next few years. If you wanted to have a look at the guys website it is http://www.australismedia.com/masterminds . I'd be really interested in your comments
- At 3:07pm on December 18, 2008,
- Hi Diane,
Sorry about misunderstanding the numbers. Hope the new one is correct. I think of the number as an income number and not a single amount of money. The reason for this is that I have had over a million before but as you know the markets can change really quickly and assets can fall. My goal is ongoing sustainable cash flow because then I have a river rather than a reservoir. If I can make a money machine it can keep on printing more which I can keep using
- At 7:51am on December 11, 2008,
Matt Ruehl said… - I am a Computer Systems Analyst for the Water utility in Cincinnati. I do a lot development work and project management work.
- At 4:49am on December 6, 2008,
KC said…
- Its interesting how you see it - it sounds like you're already prepared to do this "out of the box" thinking that may be required now.
My sketch of how charities operate is just re-stating the model of the great US philanthropists like Carnegie: give a ton of money to a Foundation in your name, and this acts as the lump sum from which you obtain interest from safe, government-backed investments, and you leave the lump sum alone, and only spend the interest on the charitable endeavours.
But with interest rates moving towards zero, it looks self-evident that they will have to dispense with this model if they're to do anything while interest rates are so low. It will be interesting if the law regarding how charities should operate will have to alter too - or whether the Foundation has the right to either keep the lump sum untouched, or whether they can choose to spend it if they wish.
Although you can imagine the "suits" who act as administrators to Foundations getting very worried at the prospect of even a tiny "erosion" of the lump sum, for they may feel it is their primary duty to keep this intact, even if it means the Foundation may have to stop operating until the interest rates start to rise, so then they can go back to having some interest-sourced funds to spend.
- At 7:00pm on December 4, 2008,
KC said…
- Yes you're right - micro-loans can do far more to help the poor than a transport airplane full of four-by-four vehicles and their Western aid workers. Interestingly that Nobel Laureate's Grameen Bank has started to come in for criticism from the poor themselves now that its starting to act like the corporate it has inevitably become.
I was particularly affected when the British newspapers carried the story of a village in India that the residents wanted somebody to buy, because all the farmers there were so in debt to the seed merchants that they couldn't buy any seeds to produce the crops to get them out of debt, and suicides were escalating because there literally was no way out. (And for elderly Americans, I guess there are echoes there of the effects of the dust-bowl years in the West).
Further, the effects of this constant, unaltering poverty in the rural areas means people flock to the already over-crowded cities seeking any sort of income, when it would be so much more sensible to allow them to continue farming and providing food in the country. Could this be another example, like the credit crunch, of the fallibility of markets?
Thank you for reminding me that micro-credit banks are the way to go: although sadly, talking of banks, as charities in the West are required by law to only invest in "safe" government-backed interest-bearing securities, then with interest rates plummeting, my target "share your number" has to grow, as you need an even larger lump sum for the charity to get a sinking bank interest rate on. Maybe its time to attempt to "think outside the box" to overcome that problem, especially as interest rates are predicted to go to zero - then what will charities do? Shutdown? Scarey times, especially after Japan has been in these super-low interest rate doldrums for a decade, with no sign of it ending. Sorry to be so depressing. But thanks for your post.
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