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jon f. ellis

thinking forward and now

Posts tagged with "How to be a millionare"

New Year's Resolutions are really new life resolutions

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Things I've never done but still on my way-pre-bucket list:

- Own a boat
A couple friends of mine have owned boats, large and small, and they talked me out of buying one myself. I still have that craving. Bob Camel's huge multi-bedroom boat sat at the Sarasota Yatch Club largely unenjoyed, and he offered to lease it to me as a home, kinda like living Sonny Crockett style, Miami Vice. I declined and leased condo on the beach. Regrets.
But the truth is, I fell in love with sailing. The few times that I have been sailing, it was an exhilirating experince. My friend John got tired of his sailboat. I shoulda bought it when he offered.

- Build the perfect dream solar home
I've bought a few homes and usually sold them within a few months or years, but never built that dream house. I own plans to several homes, all of then both passive and active solar.
My perfect home would use less than 10% of the power that you use in your house every day, or about 1,000,000 to 2,500,000 kileowatts. When I was living downtown Orlando, I found my daily energy consumption was about 15,000,000 watts!!! A one bedroom apartment using more energy than some villages in Africa!!!
When I bought the land in Colorado, the idea was build a home and a guest house so any one of my friends can get away (or crash). Too bad I was scammed and found that one can't even put in a foundation most places at Forbes Park. Hint: DON'T BUY LAND IN FORBES PARK!!!
The Poconos and several other places are looking promising.

- European Holiday

Did Canada and Mexico, time to catcha REALLY long flight.....

- India Trip
I have so many friends there, it's a crime if I don't visit.

- Rich Uncle
Not likely to have bambinos of my own, so I've planned to be the uncle who leaves behind the Cribs and Cars, College money and Emergency funds and stuff. Broke all my rules and tend to spend the principal instead of the interest from my family rich uncle fund. Emergencies tend to make you act outside of your plan.
Follow this rule: Put money in diverse investments (I use Ameriprise, Wachovia, and HSBC because of thier stability and relatively high yield, especially HSBC) and ONLY spend the interset.

EVEN IF THERE'S THOUSANDS AND THOUSANDS IN THE ACCOUNT, ONLY MAKE THE INTEREST AVAILABLE FOR FAMILY EMERGENCIES.

And Never spend the interst without a meeting of a few family members to decide if it's worthy .. don't let yourself be the Decider, even if you contribute most or all to teh fund.
Make your family rich uncle fund over $200,000 via mutual contributions and follow the above rule and you'll start to see some great results, according to every book I've read on the subject. As long as the principal is never touched, and some of the returns are capitalized, you will have a million dollar family fund and even more credit in a decade.

- Space Flight
It is now possible to spend a day in space for a reasonable price. I want to see the whole Earth a few orbits myself, from my own point of view.





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December 2009
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