Tag Archives: get rich

Feb 26 2016

You’re Doing It All Wrong (The Truth About Financial Freedom)

Budgeting your moneyYou don’t need to earn a lot of money to achieve financial freedom quickly. You just need to follow two simple rules:

  1. Live within your means (and)
  2. Invest the rest.

I’ve never paid myself more than $60,000 a year, I don’t live frugally, I spend $700 / month on food, entertainment and other stuff plus I donate $100 monthly. Yet I still manage to invest nearly $18,000 each and every year.

Isn’t it about time you make a spreadsheet, face your own truth and make some changes in your life? Take a look at mine and see how you compare, look for places you can improve and make decisions about what expenses truly bring you sustained happiness and which ones are holding you back from achieving your potential.

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Dec 27 2015

Do Just One Thing Great in 2016

To all of my entrepreneurial friends, if you read just one book this year, I strongly recommend this be it.the-one-thing

After mentoring nearly a hundred entrepreneurs in 2015, and my going through my umpteenth own self-discovery phase, I’ve noticed one of the biggest mistakes made by almost everyone is a burning desire to do more. This is the not only the wrong approach to achieving success; as you gain momentum in different areas you continue to de-focus yourself and push yourself further away from achieving the potential that you are capable of in any singular focus.

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Nov 18 2015

A Single Sacrifice Is All It Takes To Retire Early

necessity-vs-luxuryLast night I met with a colleague of mine who said she didn’t have any money to invest in her retirement. As it turns out, within five minutes I found several instances where she was believing her own lies. The biggest one? Her car costs as much as her mortgage… that’s nuts!

Mortgage ($810 mortgage + $140 property tax)
$950 / month

Car ($465 payment + $250 insurance + $240 gas)
$955 / month

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Jan 14 2013

Start working for yourself without quitting your job!

Early RetirementWouldn’t you love to work for yourself?  Are you afraid to quit your job?  Surprisingly, you don’t have to!  You don’t even have to work any additional hours!  What am I talking about then?  It’s simple.  Start saving today!

Alright… at this point I’ve lost a solid percentage of my readers, individuals who simply aren’t willing to sacrifice their own “perceived happiness” just to save.  But hold up one minute there… what exactly is a sacrifice?

When I used to have to wait to purchase something I thought of it as a sacrifice as well, but as time has went on and wisdom has slowly creeped into my head I now realized that I had a threatening disease known as first-world slavery and that making the actual purchase is the sacrifice.  What?!  Am I completely nuts?  No, in fact I’m not!

Recover from these words, regain your composure and then continue reading my blog please.   It’s okay… you can do it.

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Oct 2 2012

Quit gifting your financial freedom to the government

Financial freedomWhat if I told you that there is a legal way to pay less tax every year?  What if I told you that there was also a way to retire earlier and with more money than you would have if you continued down the path you’re on right now?  Would you take advantage of this?  Of course you would!  Well then keep reading and let’s get started…

Almost every individual has a tough time saving.  In fact, almost half of all individuals are living paycheck to paycheck… and sadly, this includes thousands of people making $100,000+ salaries!  Terrifying!

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Sep 26 2012

Change The Way You Think About Purchases, Quit Being A Slave To Your Possessions

Slave to MoneyLast week one of my friends was talking to me about her weekend filled with her perceived much needed bout of “retail therapy”.  She talked about all the new clothes and shoes, and even more clothes that she bought!  She upgraded her iPhone to the latest version and she even managed to go out to both lunch and dinner twice!

We both know what happened after.  I completely lost it!  “Are you nuts?!” I exclaimed, “I cannot believe my ears!”.  She smiled and retorted in sarcasm, “I know… I know… I went a little overboard, but I work hard so I deserve it!”.  Ironies abound, what she didn’t realize was she was about to start working even harder just to cover the costs of all of these material possessions.  Believe me, I was once in this trap for several years of my life… I know this situation all too well.

After some coaxing I convinced her to reveal the details of her purchases over the weekend so that I can create a case study to present back to her (I got her permission to post it to my blog as well).  I just couldn’t take it that she was about to set herself up for decades of suffering and I had to at least try to pull her out of the trap of first-world slavery (self-inflicted by the lust for unnecessary physical possessions).

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Sep 24 2012

Want to Achieve Financial Freedom? Stop Spending So Damn Much!

Saving moneyOver the past several months I’ve had dozens of discussions with family, friends and colleagues surrounding various topics related to investing in order to achieve financial freedom.  These discussions have blurred a number of different topics – What are the best investments?  What exactly is financial freedom?  How do I approach an opportunity?  How do I get over my fears?  And the list goes on.

Today I’d like to cover one of the most important topics to achieving financial freedom.  This topic in particular revealed both significant discomfort and resistance from the majority of my colleagues during our conversations – saving for financial freedom!

Saving for financial freedom isn’t a new concept.  It’s not even a complicated one, it’s simple, spend less than you earn and save the rest; optimally save as much as you can.  After all, if you aren’t capable of saving, you won’t have very much money to invest towards achieving your financial freedom!  Ironically, in almost every instance where the topic was brought up, the reactionary comment was something along the lines of “I can’t save any more money; I’m already barely getting by!”

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Apr 17 2012

OREIO Event Recap: Don R. Campbell, President of REIN

Ontario Real Estate Investors Organization (OREIO)Last night, my business partner Reid and I attended the Ontario Real Estate Investors Organization (OREIO) monthly event at the Travelodge Hotel on Carling in Ottawa.  This month I was very excited, because this month the presenter was one of my mentors and educators and the catalyst which brought me out of the phase that many investors get into known as “analysis paralysis”.  The presenter was none other than Don Campbell himself!

For those of you who don’t know Don Campbell, he is one of Canada’s most experienced real estate investors.  He wasn’t born into riches, didn’t have a silver spoon, he started when he was working at a customer service desk at Sears and worked his way to where he is today, one accomplishment at a time.  It wasn’t an easy ride, there’s no such thing as easy money, but he worked through the challenges as he faced them and any real estate investor can save themselves thousands or even millions in mistakes learning from his experience.  He is a realist at heart, and isn’t afraid to share both the successes and challenges he’s been through.

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