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    Millionaire in the making profile

    >Scoff!< I wanna be profiled as a millionaire in the making. I'm a year younger, making as much as both (combined), and own more property with less in expenses! Sign me up to retire with $300K! LOL!
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    What Step Did You Take Today?

    HOT! 
    That's my situation.
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    Is 20% Equity TOO Much!?

    REAL ESTATE 
    ^ Oh, right. That's true. My interest write-off is WAY more than my -$165 cash loss. Thanks.
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    $3,000 to $1,000,000 in 15 months: HOW TO DO IT

    IDEA 
    Lottery? Odds of winning the Powerball jackpot: 1 in 146,107,962. Odds, playing 3,000 times: 1 in 146,107,962 (the same) Odds playing 3,000 tickets one time: 1 in 48,703.Still not the best odds, BUT Odds of winning $3 (tripling your money): 1 in 69 Out of 3000 tickets, about 43 will win >$3...
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    Is 20% Equity TOO Much!?

    REAL ESTATE 
    Explain that one to me: I can write off my mortgage payment? Meh... It's a nice property and BRAND NEW. I have no doubt that I will make a hefty profit when I sell it decades from now. And that's my original plan: Buy and hold in an up-and-coming town. I think the fastlaners here were...
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    What Step Did You Take Today?

    HOT! 
    Tweaked ad placement on my 'blog based on Analytics click-patterns. Wrote content for a new vegan website I'll be rolling out any day now. Changed the angry thug CDs in my car's changer to nicer, more positive stuff to help me deal with my commute in a good way.
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    Panhandling

    OFF-TOPIC 
    Like many of you, I've been skeptical of panhandlers ever since meeting a "pro." It's a shame, because there ARE down-and-out people out there, and many of them are surely panhandling. I wrote an article on finding a reputable charity on my 'blog. I link to a great tool that rates the...
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    Is 20% Equity TOO Much!?

    REAL ESTATE 
    ^ Mm... not really. I've only had it for 3 months. I bought it to hold it, so I don't want to lose my fortitude now. I realize that the negative cash-flow is ugly to some, but hey: the mortgage payment will stay the same while my rents will go up. I'll be profiting in no time. ...IF I...
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    How to save $1,000 AND find more time for you

    HOT! 
    Agreed! Cable = Bad! And satellite. And all other methods of paying someone to inject crap into your head.
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    Is 20% Equity TOO Much!?

    REAL ESTATE 
    :hurray: YOU GUYS RULE!!! Thanks for all the help. In response... Yeah, I kind of figured there would be mortgage insurance involved, though I hadn't considered distressed vs. appraised values. Good idea for creating equity. I have some other money, but it's better spent retiring more...
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    Is 20% Equity TOO Much!?

    REAL ESTATE 
    Some of you might have already suggested some ways for me to deal with my alligator. To recap: $175K, purchased with $35K (20%) in January @ 5.75%. $870 mortgage, insurance + $95 HOA - $800 rent = -$165 cashflow. :smxE:I have now learned that 20% is a lot of equity for an investment property...
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    What Step Did You Take Today?

    HOT! 
    Today I tweaked one of my newer sites, published a 'blog post, read a chapter in an inspirational book, sent out some good vibes for manifestation, looked into borrowing some of my equity to buy more property... Tonight, a blog carnival submission bonanza!
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    Renters' "Bidding War?"

    REAL ESTATE 
    Ha. I see how my comment was misconstrued. My mistake. I am running a background check today, but I think I have decided on a couple who has agreed to the rent I've asked... Not the guy who bid over.
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    What Step Did You Take Today?

    HOT! 
    Good for you guys! Today I bought some self-improvement books I intend to review. if they are good, I'll promote them through my Amazon Associate account and make them pay for themselves.
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    What Step Did You Take Today?

    HOT! 
    ^Habit #7, right? Though I think Covey uses a saw... Anybody else doing something fastlane with his/her Sunday?
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    What Step Did You Take Today?

    HOT! 
    I just registered a new domain and its misspellings that redirect. I'll be building a new site today. Edit: Three hours later, here is what I've built: Vegan Gentleman.
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    What Step Did You Take Today?

    HOT! 
    YAY! I'm happy to see this is sparking some discourse! Good work, guys! I really think the key is to do something, ANYTHING, every day!
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    What Step Did You Take Today?

    HOT! 
    I'll start. Today, I restructured my 'blog template and optimized my Adsense placement.
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    What Step Did You Take Today?

    HOT! 
    What did you do for yourself today? How did you work to escape the rat race? What about your actions was fastlane? We all know that Paralysis by Analysis is a deadly disease. :smxE: Many of us are guilty of the Ready-Aim-Aim-Aim... Method. :coco: The only way to get going is to GET GOING...
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    SUCCESS STORY: rugreedy

    EXECUTION 
    ^Thanks for the thoughtful response. A lot of millionaires responded by putting an ROI spin on it: Will I derive something (pleasure, attention, adrenaline) that makes a supercar and "investment?" Thanks for helping me understand and prioritize.

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