Comments on: Interview with a millionaire http://www.christianpf.com/interview-with-a-millionaire/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 05:30:02 -0600 hourly 1 By: Until Debt Do US Part http://www.christianpf.com/interview-with-a-millionaire/comment-page-1/#comment-6619 Until Debt Do US Part Fri, 26 Sep 2008 14:41:44 +0000 http://www.christianpf.com/interview-with-a-millionaire/#comment-6619 Great Article. It is always great to hear about these stories about people who worked hard and invested wisely and were able to make a million. I'm impressed! It gives hope to the rest of us. Great Article. It is always great to hear about these stories about people who worked hard and invested wisely and were able to make a million. I’m impressed!

It gives hope to the rest of us.

]]> By: bob http://www.christianpf.com/interview-with-a-millionaire/comment-page-1/#comment-6377 bob Sun, 14 Sep 2008 20:00:47 +0000 http://www.christianpf.com/interview-with-a-millionaire/#comment-6377 Thanks guys, I appreciate it - I am glad you enjoyed it!! Thanks guys, I appreciate it – I am glad you enjoyed it!!

]]> By: Success Professor http://www.christianpf.com/interview-with-a-millionaire/comment-page-1/#comment-6359 Success Professor Sun, 14 Sep 2008 04:07:53 +0000 http://www.christianpf.com/interview-with-a-millionaire/#comment-6359 Excellent article. I really appreciate the car philosophy. That is what I plan on following from now on. I bought my current car new, but I'll drive it for a long time - well it's already at 120,000 miles and still runs perfectly. Excellent article. I really appreciate the car philosophy. That is what I plan on following from now on. I bought my current car new, but I’ll drive it for a long time – well it’s already at 120,000 miles and still runs perfectly.

]]> By: Martin http://www.christianpf.com/interview-with-a-millionaire/comment-page-1/#comment-6356 Martin Sun, 14 Sep 2008 02:33:00 +0000 http://www.christianpf.com/interview-with-a-millionaire/#comment-6356 Great article. I definitely agree with Bill's comments - as I see far too many people focussing on buying the next new car, or buying a bigger/better/flasher house, even though the house/car they currently have is adequate.... Instant gratification is definitely a big problem, and it seems to be a particularly large issue with the Y generation. Great article. I definitely agree with Bill’s comments – as I see far too many people focussing on buying the next new car, or buying a bigger/better/flasher house, even though the house/car they currently have is adequate….
Instant gratification is definitely a big problem, and it seems to be a particularly large issue with the Y generation.

]]> By: GHolmes http://www.christianpf.com/interview-with-a-millionaire/comment-page-1/#comment-6350 GHolmes Sat, 13 Sep 2008 16:20:09 +0000 http://www.christianpf.com/interview-with-a-millionaire/#comment-6350 Enjoyed this post. Very wise to have actually talked to someone. I dont fear inflation as much as I do our country being in so much debt. For me the the true inflation is the "inflation" of my wants. Had I chose not to have a car payment earlier I would be light years ahead of where I am at now. Enjoyed this post. Very wise to have actually talked to someone. I dont fear inflation as much as I do our country being in so much debt. For me the the true inflation is the “inflation” of my wants. Had I chose not to have a car payment earlier I would be light years ahead of where I am at now.

]]> By: bob http://www.christianpf.com/interview-with-a-millionaire/comment-page-1/#comment-6335 bob Thu, 11 Sep 2008 22:07:11 +0000 http://www.christianpf.com/interview-with-a-millionaire/#comment-6335 @Curt I agree a million isn't what it used to be, but it is a lot more than a lot of people have at retirement. As far as dealing with inflation, you bring up a good question. I don't know what is going to happen in the future, but hedging against it with stocks isn't a bad idea - or precious metals, or TIPS... I guess it comes down to diversifying... @Curt
I agree a million isn’t what it used to be, but it is a lot more than a lot of people have at retirement.

As far as dealing with inflation, you bring up a good question. I don’t know what is going to happen in the future, but hedging against it with stocks isn’t a bad idea – or precious metals, or TIPS… I guess it comes down to diversifying…

]]> By: Curt http://www.christianpf.com/interview-with-a-millionaire/comment-page-1/#comment-6334 Curt Thu, 11 Sep 2008 21:54:26 +0000 http://www.christianpf.com/interview-with-a-millionaire/#comment-6334 Excellent article, but a millionaire is not that big of a deal anymore. I just read that their are now 10 million millionaires in the world. The reason is because many of the largest nations have Central Banks that are increasing their money supplies very fast - which is the result of double-digit inflation in many many parts of the world. Saving many is becoming a loosing game unless governments return to sound money practices. Bill, could get wipped out by inflation within the next few years. The resent bailout by our government and increases in debt are sure to force more money printing, resulting in more inflation. I hate to say it but, if you have money - spend it while it still has value. Sound money management practices are based on sound government monetary policies. What do you do when you don't have a sound money policy and the government is stealing through inflation? Do you just overlook that and hope it goes away? In the 70's, the dollar lost 70% of its value. That means if you worked and saved your entire life to get a million dollars in the banks, it would only be worth 300k. In the coming decade, I'm not so sure sound money management practices are going to work. Excellent article, but a millionaire is not that big of a deal anymore. I just read that their are now 10 million millionaires in the world. The reason is because many of the largest nations have Central Banks that are increasing their money supplies very fast – which is the result of double-digit inflation in many many parts of the world.

Saving many is becoming a loosing game unless governments return to sound money practices. Bill, could get wipped out by inflation within the next few years. The resent bailout by our government and increases in debt are sure to force more money printing, resulting in more inflation. I hate to say it but, if you have money – spend it while it still has value.

Sound money management practices are based on sound government monetary policies. What do you do when you don’t have a sound money policy and the government is stealing through inflation? Do you just overlook that and hope it goes away? In the 70’s, the dollar lost 70% of its value. That means if you worked and saved your entire life to get a million dollars in the banks, it would only be worth 300k. In the coming decade, I’m not so sure sound money management practices are going to work.

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