Key attributes to achieving financial success and creating wealth for your family are 1) discipline and 2) consistency. Its not luck or good fortune. Its not winning the lottery or inheriting money. It isn't spending on posh cars and clothes. Its the ability to be financially disciplined on a consistent basis. Financial discipline comes in … Continue reading Traits of the Wealthy: Discipline and Consistency
There is an inverse correlation between the price of the car you drive and building wealth. Cars are possibly the biggest wealth-destroying purchase you will make throughout your lifetime. From the moment you drive the car off the dealer lot, you lose up to 30% of its value. Don't be tempted into driving a nice … Continue reading Top 3 cars for Wealth Building
These 7 steps will help Canadian families build wealth and get ahead. Being able to get ahead through the daily grind of family life is important for successful future. Measure your net worthGet on a budget, or at least track your spending.Cut out the unessential expensesGet out of debt and stay out of debtBuild a … Continue reading 7 Ways for Canadian Families to Get Ahead
Wealth built hastily, dwindles.
My mother, who shaped most of my life and who died from a 2 decade battle with cancer when I was 23, once said to me, "no matter how good you think you are, there is always somebody out there better." Shocking to hear when you are an idealist teenager. But brilliant advice as it … Continue reading Life advice: Take action
With shout out to Van Halen and their 1980 hit, Everybody Wants Some. Van Halen (with David Lee Roth) one of the greatest rock bands. First lesson to be learned when you enter the work force, and begin supporting yourself is everybody does want some. Everybody wants a piece of your pay cheque. It was … Continue reading Everybody Wants Some
Turning 30, I thought, would be a difficult birthday to digest. It represented not necessarily the beginning of the end. But, perhaps, the end of the beginning, to paraphrase Churchill. A distancing from youth and innocence. As it turned out, turning 30 was a breeze - it was turning 29 where I had the challenge. … Continue reading You have to measure it to expect progress.
At any age of your adult life, debt proves to be one of the worst ideas for building wealth and creating a stable household. From student loans in your early 20s, car and consumer loans, debt acts like an anchor on your income and prevents your family from building proper wealth. The only except is … Continue reading Debt is a bad idea