Comments on: My Thoughts on “The Millionaire Inside” http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 25 May 2012 00:18:02 +0000 hourly 1 http://wordpress.org/?v= By: Lauren http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-118361 Lauren Wed, 04 Jul 2007 18:36:02 +0000 http://allfinancialmatters.com/?p=1827#comment-118361 I just finished watching this show and I was outraged at the vague advice these "experts" were giving. All the realstate expert was do is talk about how she made her millions but not really how do it if you are on a tight income. Also, I was disgusted on how she said it's fine if your a spender and you don't have to change your spending ways to make money. Unbelievable! The other women basically said go find money - How? by getting another job? Every one except Bach, had confusing and worthless advice for the average person sitting at home. I was looking for more tips that were realistic, like Bach's advice on upping your contribution to your 401K. I just finished watching this show and I was outraged at the vague advice these “experts” were giving. All the realstate expert was do is talk about how she made her millions but not really how do it if you are on a tight income. Also, I was disgusted on how she said it’s fine if your a spender and you don’t have to change your spending ways to make money. Unbelievable! The other women basically said go find money – How? by getting another job? Every one except Bach, had confusing and worthless advice for the average person sitting at home. I was looking for more tips that were realistic, like Bach’s advice on upping your contribution to your 401K.

]]> By: Jonathan http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-117302 Jonathan Fri, 29 Jun 2007 21:05:00 +0000 http://allfinancialmatters.com/?p=1827#comment-117302 I just watched the 2nd in the series, and it was even more painful than the first. It was so repetitive that I couldn't even finish watching it! I just watched the 2nd in the series, and it was even more painful than the first. It was so repetitive that I couldn’t even finish watching it!

]]> By: ThickenMyWallet http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112386 ThickenMyWallet Tue, 12 Jun 2007 16:15:09 +0000 http://allfinancialmatters.com/?p=1827#comment-112386 Having not seen the show, isn't putting on 4 "experts" going to confuse the audience? Everyone has a different way to make money and, if you put 4 different experts on 4 different ways to make money, you are really confusing the audience and doing more harm than good to the viewers. Gotta love tv. Having not seen the show, isn’t putting on 4 “experts” going to confuse the audience? Everyone has a different way to make money and, if you put 4 different experts on 4 different ways to make money, you are really confusing the audience and doing more harm than good to the viewers.

Gotta love tv.

]]> By: Rob http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112172 Rob Mon, 11 Jun 2007 21:02:13 +0000 http://allfinancialmatters.com/?p=1827#comment-112172 I agree, I had to turn off half way through as I could not believe what I was watching. How can CNBC ever believe this was a responsible use of their airtime. This show was more akin to a late night paid advertising spot, full of hype, one sided opinion, no substance and an audience that seemed to suck it all up. The only thing missing was the phone number to call to buy the book, DVD and the 'I'm rich your not' T Shirt. Although I missed the end so maybe they did. I agree, I had to turn off half way through as I could not believe what I was watching. How can CNBC ever believe this was a responsible use of their airtime. This show was more akin to a late night paid advertising spot, full of hype, one sided opinion, no substance and an audience that seemed to suck it all up. The only thing missing was the phone number to call to buy the book, DVD and the ‘I’m rich your not’ T Shirt. Although I missed the end so maybe they did.

]]> By: JLP http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112152 JLP Mon, 11 Jun 2007 18:47:18 +0000 http://allfinancialmatters.com/?p=1827#comment-112152 SoundofGold, Investing all of one's money in one stock IS stupid - if's and's or but's. S-T-U-P-I-D! Phil Town was an idiot to make that retired guy out to be a hero. SoundofGold,

Investing all of one’s money in one stock IS stupid – if’s and’s or but’s. S-T-U-P-I-D! Phil Town was an idiot to make that retired guy out to be a hero.

]]> By: Luke http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112130 Luke Mon, 11 Jun 2007 16:56:28 +0000 http://allfinancialmatters.com/?p=1827#comment-112130 Phil Town made my head nearly explode...Wow what a goof... He congratulates an older guy in his 60's for dumping ALL he has into Force Protection [FRPT]? Holy smokes. This Phil Twon character should have said, "Well done." but then went on a tirade for all the folks watching to NOT do that, but he didn't. That type of behavior from this panel is unacceptable. Like moneymonk said...This smelled of 'staged'. Soundofgold...How can you say placing ALL of your money into ONE stock is a good thing? Phil Town made my head nearly explode…Wow what a goof…

He congratulates an older guy in his 60′s for dumping ALL he has into Force Protection [FRPT]? Holy smokes. This Phil Twon character should have said, “Well done.” but then went on a tirade for all the folks watching to NOT do that, but he didn’t. That type of behavior from this panel is unacceptable.

Like moneymonk said…This smelled of ‘staged’. Soundofgold…How can you say placing ALL of your money into ONE stock is a good thing?

]]> By: JLP http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112128 JLP Mon, 11 Jun 2007 16:43:22 +0000 http://allfinancialmatters.com/?p=1827#comment-112128 Moneymonk, Oh, I'm sure you're right! At least I hope you're right because I would hope that a lot more people would be skeptical. I hated the show but it gave me some good blogging material. Moneymonk,

Oh, I’m sure you’re right! At least I hope you’re right because I would hope that a lot more people would be skeptical.

I hated the show but it gave me some good blogging material.

]]> By: js http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112127 js Mon, 11 Jun 2007 16:42:32 +0000 http://allfinancialmatters.com/?p=1827#comment-112127 The audacity of the network putting on such a irresponsible show is astounding...it is comical if not actually sad! They repeatedly contradicted themselves and horribly misguided an usually misinformed public. On one hand they said you should be diversified and then promoted the fact that some old guy rolled dice hit the lottery on forest protection. HOW irresponsible is that? The Guy who stood up as if that old guy hit a homer should be fired immediately. I guess I will continue to dollar cost average into index funds, make my 11% per year, and be broke when I am 60. LOL. I wonder which theory Buffett would side with? The audacity of the network putting on such a irresponsible show is astounding…it is comical if not actually sad!

They repeatedly contradicted themselves and horribly misguided an usually misinformed public. On one hand they said you should be diversified and then promoted the fact that some old guy rolled dice hit the lottery on forest protection. HOW irresponsible is that?

The Guy who stood up as if that old guy hit a homer should be fired immediately.

I guess I will continue to dollar cost average into index funds, make my 11% per year, and be broke when I am 60. LOL.

I wonder which theory Buffett would side with?

]]> By: Moneymonk http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112126 Moneymonk Mon, 11 Jun 2007 16:34:50 +0000 http://allfinancialmatters.com/?p=1827#comment-112126 I'm not trying to be funny. But I truly feel that some of that stuff is staged. I remember when PHIL TOWN pick a woman out of the sudience ( on the first espisode) and look at her bag and notice it was a COACH bag. So he went on to talk about COACH stock. How did he know what bag she had if it was out of his sight. I just think the whole thing was staged. Same as the man that put all his money in one stock. I think they picked him out of the audience on purpose. I’m not trying to be funny. But I truly feel that some of that stuff is staged.

I remember when PHIL TOWN pick a woman out of the sudience ( on the first espisode) and look at her bag and notice it was a COACH bag. So he went on to talk about COACH stock. How did he know what bag she had if it was out of his sight. I just think the whole thing was staged. Same as the man that put all his money in one stock. I think they picked him out of the audience on purpose.

]]> By: Jeff R. http://allfinancialmatters.com/2007/06/09/my-thoughts-on-the-millionaire-inside/comment-page-1/#comment-112106 Jeff R. Mon, 11 Jun 2007 13:33:47 +0000 http://allfinancialmatters.com/?p=1827#comment-112106 I thought the whole program was very disappointing. I don't know why David Bach was even there. I know from his teachings that he doesn't share the overly risky tactics of the other guests on that panel. He looked uncomfortable and out of place. Also, I didn't like hearing from the woman who was the real-estate expert. I didn't like how she referred to people who rent as 'stupid'. I understand that renting is not the best financial choice, but everyone has different circumstances. I thought the whole program was very disappointing. I don’t know why David Bach was even there. I know from his teachings that he doesn’t share the overly risky tactics of the other guests on that panel. He looked uncomfortable and out of place.

Also, I didn’t like hearing from the woman who was the real-estate expert. I didn’t like how she referred to people who rent as ‘stupid’. I understand that renting is not the best financial choice, but everyone has different circumstances.

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