More Than Enough – Dave Ramsey

More Than Enough - Dave Ramsey

I have realized that the lessons money teaches us are no only financial, they are spiritual; they create new character qualities; and they will improve your relationship with your spouse, family, and loved ones.  After more than five thousand hours of answering financial questions on “The Money Game” I have seen again and again that money is just the method that the Great Teacher has chosen to expose and correct our flaws as well as give us “ataboys” for a job well done.

Do you feel like I am going overboard?  I’m not if you want excellence in your life, relationships, and finances. You see, if you want uncommon results you have to think and do thinks that are uncommon.  If you want things you have never had, you have to do things you have never done.  Vince Lombardi said “The quality of a person’s life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavour”.

Albert Schweitzer said: “Man must cease attributing his problems to his environment, and learn again to exercise his will, his personal responsibility”.  Enough whining, I am sick of whining… Whining is a sign of lack of character on your part.

When bad stuff happens resist the human urge to blame and instead join the elite group called the doers.

I have had she-bears get violent with me for suggesting that purchasing $178 tennis shoes while the electric bill is not paid is stupid.  There is an old Danish proverb that says if you give a child everything he wants he cries and a pig everything he wants when he grunts you will have a fine pig and a sorry child.

James Baldwin says that children have never been very good at listening to their elders, but they have never failed to imitate them.

Ready for a test?

  1. What missing or twisted value has been holding me back?
  2. What could I do this week that would give me more connection to my spouse, my child or my best friend?
  3. Are there any ways that I could better show my boss my loyalty tom job and my coworkers?
  4. What activities am I involved in that I could fire myself from that would simplify my life?

Proverbs 9:18 says “Where there is no vision, the people perish” Perish as in die? YES.

The six figure earners all think in five year blocks or more of time. They are very unconcerned about today except for how today is a building block toward their vision, which may not be fully realized for another twenty years.  They think long term in all decisions.  Six figure earners think about the long term implications of every move they make and don’t make those moves unless they move them one step closer to their vision.

Short term thinking is why the poor get poorer.

Vision will make you an investor instead of a consumer; it will make you think ahead five, ten, or twenty years instead of only thinking about today or tomorrow.

Separating your money when you live in a couple only put you in the spiritual and emotional position of separation: You remember, what do you do right before divorce?

Patrick Overton: “When we walk to the edge of all the light we have and take that step into the darkness of the unknown, we must believe that one of two things will happen, there will be something solid for us to stand on, or God will teach us how to fly”.  Hope moves us forward when logic and energy are gone.  Hope is a motivator.

Soup is good for you:  Go to your local homeless shelter and volunteer to serve soup.  Take your mate and your kids with you; it will do the family good to reset the view of reality.

Most folks don’t know what real problems are, and the serving of soup will make you ashamed for having worried about whether there was enough in the budget to gibe Barky the schnauzer a haircut.

*Use a symbol of hope: Be it a light house or something else as a way to raise your chin toward heaven when you lose directions.

Sharon and I have made a pact that nothing major financially will be done without agreement with the other.

So if you are trying to get your wife to share in budgeting and planning you need o treat her with respect.  Try approaching her like this:

  • Honey, I’d really like to have your advice on our budget.
  • We need to think about how we are going to save money, but I cannot do this without you.
  • Our future is important, and both of us need to plan it together.

Andrew Carnegie said: “The average person puts only 25 percent of his energy and ability into his work.  The word takes off its hat to those who put in more than 50 percent, and will stand on its head for those few and far between souls who devote 100 percent”

“What is the first requirement for success?” Thomas Edison was asked. His answer? It is “the ability to apply your physical and mental energies to one problem incessantly without growing weary”. If you get up at 7 AM and go to bed at 11 PM, you have put in sixteen good hours, and it is certain with most men that they have been doing something all the time.  The only trouble is that they do it about a great many things, and I do it about one.  If they took the time in question and applied it in one direction, to one object, they would succeed”.

Focus has the power to create permanent change where nothing else will or can.  You can focus. You can endure anything for a short period of time. Six months, a year, or even eighteen months, compared with the rest of your life it is a very short period of time.  

The mother of more: Momentum.

Voltaire said: “Work keeps us from three evils: boredom, vice, and poverty”.

Work is doing it. Discipline is doing it every day. Diligence is doing it well every day.  Diligence is not just showing up, or just showing up every day; diligence is showing up every day with Excellence.

St. Ambrose said: “Work like it all depends on you and pray like all depends on God”.  Prayer is vital, but God is not in the business of rewarding lazy.

Jim Rohn says: “You will build more wealth if you trick yourself into discipline.  The pain of discipline weighs ounces, but regret weighs tons”

Teach the children: There has never been a child born who gets up every morning, makes his bed, cleans his room and brushes his teeth without instruction.  By removing work from a child’s life you cripple them.

It would be a shame for any of us to have discipline in just one area such as building up wealth and not have the health to enjoy it, the relationships with spouse and family to share it.

Patience is golden because it will increase the satisfaction you take from achieving your goals and desires.  And patience is golden because it is formed from heat much like pure gold is.  To purify gold the goldsmith of old would stoke the fire to bring the gold to a boil, and as the gold boiled the dross, the impurities, would rise to the top. The goldsmith would skim off the junk until he could see himself.  Problems that we face, the heat of life, make the junk come to the surface, and God skims the junk out of our lives until He can look at us and see some of Himself.

A lack of patience causes debt.

Patience is growing up.  Patience knows that one definitions of maturity is learning to delay pleasure.

Patience will cause you to build wealth because you are willing to save and pay cash instead of borrow.  When you don’t have any payments it is easy to save and invest enough to become wealthy in just a few years.

The Goose with the Golden Egg: they were becoming steadily wealthy, then greed kicked in, now they had no goose and no more eggs.

** If you are not listening to your spouse sit down tonight for at least twenty minutes to talk and listen.  Remember to listen even if you don’t care about the curtains she wants to buy.  Chose one night each week when the two of you will forgo TV and listen to each other.  Learn the count-to-five rule.

Try letting the kids plan one Saturday a moth. Yes, you may end up sitting through some activities you’d rather not, but you will not only learn patience, you will also gain years of memories and shared time with your children.

When you have contentment you can easily get out of debt.  When you have contentment you can easily save and invest.  When you are content it changes your giving habits and your relationships.  When you are content it brings an inner strength that will push you into another zone.  You are able to move fast or slow, and you are able to have patience or intensity when you are content.  Contentment is a magnificent personal gift.

Contentment is not apathy and yet we often confuse the two.

What is that causes one couple to be able to prosper on an annual income of $35.000 while the other is heading toward bankruptcy with over $84.000 in yearly income?

*** Juliet Schor in The Overspend American: Research shows that each added hour of TV viewing per week increases the spending by roughly $200 per year.  So an average level of TV watching of fifteen hours per week equals nearly $3.000 extra spent per year!

The Bible says in Proverbs 28:20 “A faithful man will abound with blessings, but he who hastens to be rich will not go unpunished”.  The reason the get get-rich quick folks are punished, usually by losing their riches, is because character is more important than circumstances in the scope of eternity.  Get-rich-quick folks still need to mold their value system into one that can truly find happiness. They are looking for love in all the wrong places, so the punishment is not for the offence off trying to get rich quick, the punishment is a course of correction so that we learn to look for contentment and happiness  where it can really be found.

In order to have deep, abiding contentment in your financial and relationship decisions, you have to reach the pint you just don’t care what “people” think.  I drive a ten year old car with over 150,000 miles on it and I keep it in near perfect condition.

My pastor told me that his father had to walk 6 miles to work, they would come into the home with dust to his knees from the six mile hike, and he would wash and sit down to eat.  Each night they thanked God of honest work.  My pastor said he never once heard them whine about the circumstances.  Where have those men go? Don’t get me wrong, I don’t want to walk six miles to work, but where have those men gone?  Those were people of deep character who understood that not having everything was not the end of the world.

Hate is not the opposite of love, apathy is.

Why does “giving” work in the formula for more than enough? Giving works because you are designed to be a giving being.  Your wiring schematic is built for giving.  You are made in God’s image and He is a giver; so that means in order for you to be all you can be you must be a giver too.  Your emotions, spirit psyche and even your chemistry are changed to a higher level when you give.  When you give creativity is enhanced.  When you give, passion, joy and intensity come to you like waves crashing at the seashore.

After one of my seminars a pastor approached me.  He said that in 35 years of ministering a large congregation he had never had a couple file for divorce who gave their Christian tenth of their income.

When you give you are getting maximum horsepower out of your personal design.  People who don’t give are stopped up.

You are planting seeds when you give and when you don’t give.  If you plant nothing, by default you planted weeds.  If you plant corn don’t scratch your head and wonder why you got corn. The earth and life will return to you what you plant in great abundance.  The sad thing is that most people don’t plant and are real confused as to why they get a great crop of weeds.  You must plant on purpose what you want, become a farmer for life.

“Money is a terrible master, but an excellent servant”.  If you want to be a powerful giver you should view your wealth as the goose and give the golden eggs.  If you give away the goose, the golden eggs are gone, and so is your ability to help others.  Those of you who think “those nasty rich people should be made to give up the wealth they have earned” are not only stupid, your shortsightedness kills the goose, and the poor are not really helped.

Many off the wealthy understand it is not a privilege, but instead a great responsibility to have wealth.

Andrew Carnegie said: “surplus wealth is a sacred trust which its possessor is bound to ADMINISTER in his lifetime for the GOOD of the COMMUNITY

This release of emotional ownership is called generosity.  The folks who are able to emotionally release the ownership of stuff and feel more like managers don’t worry as much.  This release of ownership virtually guarantees that as you build wealth you won’t become arrogant.  It is very hard to be arrogant about something you manage for someone else ( God ). Remember that is the emotional position those who have more than enough put themselves in.

Prosperity may be a bigger test than poverty when it comes to exposing your weaknesses.  Fear, worry, selfishness, and arrogance are all some people get with wealth.  People who get it know that a firm grip on the money is not the path to happiness and fulfillment.  True prosperity is not wealth, it is “more than enough”, which can include wealth, but must include the loose holding of that wealth.


Money Rules – Gail Vaz-Oxlade

Money Rules - Gail Vax-Oxilade
YOUR money is YOUR responsibility.
If you won’t take the time to figure out how it works, you shouldn’t be surprised when it doesn’t work for you.

Rule #4: You must have POA’s: 

Dying is easy.  Not dying and becoming incapacitated, that really sucks.  And if you don’t have all your i’s dotted and T’s crossed, it will suck even more.  Just because you are married, don’t assume you can make decisions for your partner.  Since he had never executed POA’s, Kathryn could not touch his bank account, she tried to keep the mortgage paid and buy food for the kids.  At least go to the Ministry of Attorney General website and download the kit.

Rule #14: Don’t let your lender decide how much home you should buy:

Letting your lender decide how much you can afford to borrow is like putting a fox in charge of the hen house.  Lenders are perfectly happy to lend you far more than you can afford to repay.  In 2011 a study came out showing that 700.000 Canadians could not handle a $200 increment per month in their mortgage payments, while another 200.000 Canadians could not handle ANY increases at all.  With rates at historical lows, there is only one way for rates and payments to go: UP!

Rule #21: It is not how much you make, it is about how much you keep:

Saving is a habit. Either you get in to the habit of saving and having something in the future or you don’t.

Rule #29:  You can have it all, just not at the same time:

Rule #40: Figure out your money set point:

Everyone has a money set point. When you reach yours, you feel rich and stop paying attention to the details.  It may be a low set point, just $500 is all it takes to make you think you are invincible.

Rule #56:  Leveraging is not for everybody:

You should never leverage unless:

  1. You are an experienced and knowledgeable investor, and
  2. You are prepared to loose money.

Rule #83:  Calculate the real profit on your home:

One of the favourite delusions people like to share is “I made a gazillion dollars on the sale of my house”.  Your profit is not just the sale – buying difference.

Here are some of the other things besides selling price that you should take into account:

  • The interest you have paid through your mortgage.
  • The property tax you have paid.
  • The cost of maintenance and upkeep.
  • The costs associated with selling the home.

Rule #110: Ash these questions before you borrow:

  • What will my payment be?
  • What will this loan end up costing me in the long run?
  • Can I get a better rate if I secure the loan?
  • How long will it take to repay the loan?
  • Is there a penalty or fee to repay the loan early?
  • If I miss a payment, how will that affect my interest rate?
  • What will I give up to get this?

Rule #112:  Ask for a cash discount:

“You may not be able to discount between cards, but there is nothing in your agreement with Visa that stops you from giving me a cash discount.  So you can give me 1% off for cash, or I’ll use my credit card and you can pay 2 to 4 % for processing this transaction”.

Rule #143: Designate beneficiaries on everything:

Want an easy way to avoid probate costs and pass assets directly to those you want to have them?  Make sure you have a beneficiary on the plans themselves ( TFSA, RRSP, Life insurance plans ).

Rule #171: Work harder to pay more taxes:

When I tell people that they should make more money, very often the response I get back is “it’s not worth it to have another job because I will end up paying the whole thing in taxes”

Good Lord! So the reason you are not prepared to make more money is that you don’t want to pay more taxes?  You would rather stay broke, poor, or in debt because you want to screw the Tax Man? Really?

Rule #173:  Your bank will give you all the rope you need to hang yourself:

Banks are in the business of selling money.  If they think you are a higher risk, they simply charge you more interest to make up for that risk.  But they are more than happy to help you borrow your way into Debt Hell.  Counting on the bank to lend you only as much as you can afford to borrow is like counting on the fox to take care of the chickens.

I am surprised when I come up a 21 year old making $24.000 a year to whom a bank has given a credit card with a $15.000 limit, banks don’t care about your ability to repay the balance in a timely fashion anymore.  Now they are most interested in keeping you on the minimum payment hook for as long as possible because you are a cash cow!

YOU have to know how much you can afford to borrow.

Rule #211:  Self employment is tax smart:

Start a business form home, however small, and magically, expenses from internet access to plumbing details become at least partly deductible.

Rule #223:  Open an RESP for your kids:

Rule #229:  Ask yourself, would you pick it up?

I tell people to move their savings account to another bank paying 2% more.  They do a quick calculation in their heads and say something like “On my 10.000 emergency fund that is just $150 a year”

So along comes my friend Victoria, her question would be “So, would you bend down and pick it up?  Would you pick the $150 if it was on the ground?”

Rule #232: Don’t buy now and pay later:

The biggest problem with BNPL is the ease with which people can take home stuff they have yet to pay for, making it feel like they go a special deal, and leaving them with the euphoria of purchase without the pain of payment as an offset.  BNPL encourages people to spend more than they would if they were shopping with cash.  Physiologically we need the pain pleasure balance to help us prioritize.  Removing one side of the equation lets us delude ourselves.

If you don’t have the money to pay for something, you don’t have the right to take that something home.  If you have the money, pay for it and be done with the transaction.

Rule #235:  Calculate the Cost Per Use to determine Value:

If you are buying a pair of shoes that you will wear all the time you should be prepared to pay a little more so the shoes last and they are comfortable.  But if you are dropping $800 on a pair of high heels that you will end up wearing four or five times you are looking at a $160 – $200 a wear cost.  Dumb!

Rule #245: Don’t make yourself house poor:

Home ownership is NOTHING like renting.  If you think you can afford a home because the mortgage payment is almost like aren’t, you are going into home ownership blind.

You will have utility costs, taxes, insurance, and maintenance when the roof leaks or the furnace gives up.

Calculate your maintenance budget.  Use the rule of thumb of between 3% to 5% of the value of the home.  If you are not prepared for the costs associated with home ownership, you will end up filling the gap in your cash flow by using credit and your savings will go to hell.

Rule #247:  Name a contingent subscriber on your RESPS:

The money you put in an RESP does not belong to the beneficiary until it is paid out.  All the money you are piling up for your kids remains your money until you start doling it out.

Since kids who are the beneficiaries have no legal interest in the plans, you would be very wise to name a “contingent subscriber” for the RESP when you open it up.  If you don’t and you die intestate ( without a will in place ) the plan will likely be terminated and all the contributions and income earned put into your estate.

Since the plan has been terminated, the Canada Education Savings Grants would have to be repaid to the government.  Don’t what that to happen? Make a will. Name a contingent subscriber; your children’s guardian would be a natural choice.

Rule #248: Cross cheques to protect yourself:

According to the law, if a third party ( cheque cashing stores like money mart )accepts a cheque that it does not know has been stopped, it can treat it as a valid cheque and collect the money from the issuer ( YOU ! ).

If you are writing a cheque that may have to be stopped ( to a supplier you are not sure of, or post-dated cheques that might need to be cancelled down the road  ) cross your cheques and write “Not Negotiable” between the lines.

If a third party accepts a crossed cheque and finds out the cheque was stopped, they can’t come after you.  It must seek recourse after against the body that cashed the stopped cheque.

Rule #258: Leave $1.000 of your emergency fund in your checking account.


The Little Book of Real Estate Investing in Canada – Don Campbell

The Little Book of Real Estate Investing in Canada – Don Campbell

Treat real estate like a business, purchase properties in areas where the economic fundamentals support the greatest possibility for equity appreciation, and only by properties that produce monthly net cash flow.

I learned, very early on, to only take advice from someone who has been very successful in what I want to be successful at.  You will notice I did not just say relatively successful, and I am also not talking about someone who got lucky in a hot market.  I want to learn from, discover insights from and hear the good and the bad side of the investment world from someone who has seen it all and knows how to respond to all market conditions.

Residential properties located within 800 metres of light rail or rapid transit stations typically can charge rents that are 5 to 11 percent higher than the prevailing market.

National stats mean nothing to the sophisticated investor.  The fact that prices are up 5 percent across the country means nothing in a city where they have dropped 5 percent or have risen 8 percent.  Ignore national stats.  Focus on your chosen geographic zone.

The 10 Fundamentals of Successful Real Estate Investing.

  1. Mortgage Interest Rates.
  2. The disposable income effect.
  3. Increased Job Growth.
  4. The Real Estate Doppler Effect.
  5. Local Regional and Provincial climates.
  6. Critical Infrastructure Expansion.
  7. Areas in Transition.
  8. Creating Highest and Best Use.
  9. Buy Wholesale, Sell Retail.
  10. Quality Proactive Marketing.

The Pseudo-Fundamentals

  1. Renovation and Sweat Equity.
  2. Speculation.

I expanded our portfolio while staying true to the 3 most important principles of my system:

  • Cash flow is King.
  • Market Appreciation is a Bonus.
  • Following the economic data is the foundation to making great investment decisions.

Your job as an investor is to study the fundamental, analyze the actual property you are buying and then manage that property through all types of market conditions, not to out-guess the cycle.

The strategic investor knows that if he can’t find positive cash flow properties in his target market, the system is working, not broken.

I believe that sound investment advice, given by someone who is actually experienced and doesn’t profit if you buy a property, is available; just be careful of pretenders.  I only take advice from someone who meets the following criteria:

  1. They must be actively investing in Real Estate.
  2. They must have at least 10 years of personal experience investing in Real Estate, which ensures they have come through the ups and downs.
  3. They must have been successful over that time.  This point is critical because lots of unsuccessful investors turn to teaching rather than becoming better investors.

Over time I have learned to give myself a pat on the back every time I walk away from a property that would have wakened my portfolio because that is exactly what a sophisticated investor is supposed to do.  

Regardless of what is at the root of the problem with a property ( financial or economic fundamentals, access to renovators ), if my system tells me I can’t fix it within my parameters, I must move on.  The fundamentals may be telling me to buy, but I simply cannot justify borrowing money to invest in a property that can’t provide cash flow.

A strategic investor would wait until the project starts, then buy from the speculators who want to get out with their quick buck.  Because the investor’s decision is based on fundamentals, he gets the benefit of lower risk with long term profits.  In sum, the sophisticated investor might keep an eye on properties affected by a hot tip.  But they are unlikely to buy until the development proceeds.  Veteran investors sometimes joke that they make their money as settlers, not as pioneers.

You must always take responsibility for the bad results in your business if you also want to take credit for the good results.  Ignore this rule and you risk your reputation as a professional.

Rules of Engagement when communicating with team members:

  1. Set goals and write them down so everyone agrees on the expected volume.
  2. Have an agenda for every meeting and stick to it.  No rambling or tangents.
  3. Separate the person from the problem.  Come up with solutions, not blame.
  4. Discover the team member’s real motivations.  Often is not money, even if they say it is.
  5. Only respond to reason, not pressure.  ( Stick to your system! )
  6. Be willing to walk away before you saying something you will regret.

Credible Real Estate Investors:

  1. Show up on time for appointments.
  2. Do what they say they will do.
  3. Under promise and over deliver.
  4. Know they are judged on the reputation of the people they choose to do business with.
  5. Like knowing their record can speak for itself.

Riding a bicycle is one way to increase your physical fitness and improve your chances of living long and healthy life.  Of course, jumping on a bike for the first time in years and sprinting at an Olympic pace can have exactly the opposite effect, making you unwell to the point at which you require resuscitation.  That is why slow and steady progress over a few years ( giving you time to build up to Olympic levels ) is so critical.

Building your portfolio slowly and steadily, rather than pushing for explosive growth all at once, can lead to your achieving the equivalent of an Olympic level in a financial goal.  Building it fast and furiously can lead t catastrophic financial and emotional issues.

Real Estate investor Thomas Beyer of Prestigious Properties compares real estate to a satisfying dinner:

Real estate is like a three course meal.  The appetizer is the positive cash flow, always appreciated but nor required as break even is okay too.  The main course is the mortgage pay down and must be there moth after month.  You will get rich and fat just on the main course.  The dessert is the equity appreciation.  Like an appetizer it is always appreciated but not required for a meal or wealth creation.

Unfortunately beginning and inexperienced investors only focus on the dessert, and just like in real life, if that is all you eat you will die soon.

Top Reasons to Invest in Real Estate:

  1. It is a more tangible investment, one you can see, one you can improve to maximize return, and overall you are more in control of it.
  2. Tenants help pay the mortgage and expenses, and after 25 years of so, you will have a fully paid investment to help with your retirement.  We certainly can not count on Canada Pension Plan to fund our retirement.
  3. If you can’t get financing on a single family home, then a multiple family dwelling is a more affordable entry point into the real estate market, which will help you build your equity.
  4. Historically real estate has delivered strong returns.



The Money Answer Book – Dave Ramsey

The Money Answer Book
** Boundaries by Dr Henry Cloud.

If you want to invest in real estate start slowly. Real estate is a good plan only with money lying around so you don’t get into trouble. The real estate investors I know who are still around after 20 years did it with mostly cash. Investing with cash takes longer, but you don’t wind up broke and bankrupt. Study and read while you pile up cash, and then buy your fist property at a serious bargain.

The difference between saving and investing is that savings accounts are for money that you would like to use in the next five years.  If you are willing to leave money alone for more than 5 years then you can begin investing.


Patience is better than strength.  Controlling your temper is better than conquering a city.  – Proverbs 10:32


Four tips on buying a vehicle:

–          Only buy a new car if you are very rich.

–          Only drive a car that has taken its big hit in terms of depreciation ( at least 2 years old ) and pay cash for it.

–          If you currently have a car payment and you cant pay it off in 18 months, then you need to sell off the car and pay the debt.

–          Cars, trucks, and motorcycles should not have a TOTAL value that exceeds half of your annual income.



I Will Teach You To Be Rich – Ramit Sethi

I will teach you to be rich
When it comes to weight loss, 99.99 percent of us need to know only two things: Eat less and exercise more.


Listen up, crybabies: This isn’t your grandma’s house and I’m not going to bake you cookies and coddle you. A lot of your financial problems are caused by one person: you.


On average, millionaires invest 20 percent of their household income each year. Their wealth isn’t measured by the amount they make each year, but by how much they’ve saved and invested over time.

Frugality, quite simply, is about choosing the things you love enough to spend extravagantly on—and then cutting costs mercilessly on the things you don’t love.

Context Matters: you’re probably right when you think your friend can’t afford those $300 jeans. I’ve been trying to be less judgmental about this. I’m not always successful, but I now focus on the fact that the sticker price doesn’t matter—it’s the context around it. You want to buy a $1,000 bottle of wine? And you already saved $20,000 this year at age twenty-five? Great! But if your friends are going out four times a week on a $25,000 salary, I bet they’re not consciously spending. So although it’s fun to judge your friends, keep in mind that the context matters.

Buffett realized long ago that having money doesn’t require you to spend it and that the money you don’t spend can be invested.

Of course, like buying, renting isn’t best for everyone. It all depends on your individual situation. The easiest way to see if you should rent or buy is to use The New York Times’s excellent online calculator “Is It Better to Rent or Buy?” It will factor in maintenance, renovations, capital gains, the costs of buying and selling, inflation, and more. You can find it at

Your Money The Missing Manual – J D Roth

Your money, the missing manual
Nobody cares more about your money than you do. the advice that others give you is almost always in their best interest—which may or may not be the same as your best interest. Don’t do what others tell you just because they’re compelling. Get advice from various folks (and books like this one), but in the end, make your own decisions.

Action beats inaction. It’s easy to put things off, but the sooner you start moving toward your goals, the easier they’ll be to reach.

To build wealth, you’ve got to spend less than you earn.

American culture is consumption-driven. the media teaches you to want the clothes and cars you see on TV and the watches and jewelry you see in magazine ads. Yet studies show that people who are materialistic tend to be less happy than those who aren’t. In other words, if you want to be content, you should own—and want—less Stuff.

Caught Up in the Rat Race typically, as your income increases, your lifestyle grows with it. When your boss gives you a raise, you want to reward yourself (you deserve it!), so you spend more. All that new Stuff costs money to buy, store, and maintain. Gradually, your lifestyle becomes more expensive so you have to work harder to earn more. You think that if only you got another raise, then you’d have Enough. But in all likelihood, you’d just repeat the process by spending even more. Psychologists call this vicious cycle the hedonic treadmill.

Is this spending aligned with my goals and values?

Idea: Checklist before buying something.

40% of happiness comes from intentional activity—the things you choose to do. Whereas circumstances happen to you, intentional activity happens when you act by doing things like exercising, pursuing meaningful goals, or keeping a gratitude journal.

It’s not how much you have that makes you happy or unhappy, but how much you want. If you want less, you’ll be happy with less. this isn’t a psychological game or New Age mumbo-jumbo, it’s fact: the lower your expectations, the easier they are to fulfill—and the happier you’ll be. that’s not to say you should lead an aimless life of poverty; quite the opposite, in fact. But most people confuse the means with the ends. they chase after money and Stuff in an attempt to feel fulfilled, but their choices are impulsive and random.


Couple Millionnaire de l’immobilier – Jacques Lépine

Couple Millionnaire de l'immobilier
Couple millionnaire de l’immobilier – Jacques Lépine

Logiciels comptables pour évaluer les propriétés : Hopem, Proprio Expert de Magex Tech, Side Manager.

Questionnaire au propriétaire P89.

Pour un calcul rapide de rendement, le prix demande doit être entre 12 et 15 fois les revenus net avant le paiement de l’hypothèque pour être intéressant.

  • Entretien et réparation est aprox 10 – 15 % des revenus
  •  Taxes aprox 5%
  •  Assurances aprox 4%
  •  Frais d’administration aprox 5%

Exemple : Si l’entretien est 4% des revenues, il faut investiguer d’avantage, il est possible que toutes les dépenses n’aient pas été déclarées, mais si il est vrai il es signe d’une bonne gestion.

Mise de fond :

  • 5% pour maison unifamiliale
  • 10% Multi familial si on y habite.
  • 15% Multifamilial si on n’y habite pas.
  • 15% multi, plus de 6 unités, en tout cas.
  • 20% pour ne pas avoir besoin de l’assurance de CMHA or Genworth.

Le Millionnaire que j’appelais Grand-Papa – Martin Paquette

Le Millionnaire que j'appelais Grand-Papa
C’est étrange comme le vent éteint les petites bougies, mais anime les plus grands feux.

Les femmes savent des choses par instinct, nous comprenons seulement les choses par des faits. Elles ont une longueur d’avance sur nous.

Le vrai principe, je l’applique et je le prêche toujours : pour devenir riche et réaliser les choses que l’on veut, il faut toujours réinvestir la moitié de ce que l’on gagne. Si tu gagnes un dollar, mets cinquante cents de côté pour réinvestir plus tard.

J’ai déjà dit que si les gens pouvaient connaître et voir les résultats de leurs efforts, tous deviendraient et demeureraient motivés. C’est pourquoi les gens qui travaillent dans les grandes organisations sont si difficiles à motiver; ils ne sont responsables que d’une partie de la réalisation et souvent très loin des résultats. On dit souvent que la routine détruit la motivation.


The Secret – Rhonda Byrne

The Secret
The Secret – Rhonda Byrne

This is a magnificent universe.  The universe is bringing all good things to me.  The universe is conspiring for me in all things.  The universe meets all my needs immediately.  The universe is supporting me in everything I do.

The law of attraction is jus figuring out what will help you generate the feelings of having it now. Do whatever you have to do to generate the feelings of having it now and then remember them.

All you require is you, and your ability to thing things in to being… Everything that has been invented and created throughout the history began with one thought.

You must feel good, you must feel good about you.  Praise and bless every square inch of your body.  Think about all the perfect things about you.

It takes no time to the universe to manifest what you want.   The universe does everything with zero effort.  There is no time an there is no size for the universe.  You provide the feelings of having it now, it will respond – whatever it is.

When things are going wrong you must stop and move yourself out of that frequency, take a few moments and shift yourself.

You can also turn waiting into a powerful time to create your future by imagining all the things you want.

At the end of every day, think through the events of the day.  If any events of moments did not go the way you wanted, replay them in your mind in a way that fits you.  In this way you are cleaning up your frequency from the day.

Make a list of things to be grateful for.  This shifts your energy and starts to shift your thinking.

“Money comes easily and frequently”

Make space in order for things to start to come, “Act as if”.

For relationships to really work we need to focus on what we appreciate about the other person, not what we have been complaining about.  -> Think about al the reasons why you love her / him, then write them.

This might be the reason of problems in the relationship: focusing on what we don’t want.

“There is more than enough good to go around.  There are more than enough creative ideas.  There is more than enough power.  There is more than enough love.  There is more than enough joy”.

We often get distracted with this thing called our body that just holds our spirit.

You are God in a physical body.  You are spirit in the flesh. You are eternal life expressing itself as you.  You are a cosmic being. You are all power.  You are all wisdom.  You are all intelligence.  You are perfection.  You are magnificence.  You are the creator and you are creating the creation of you on this planet.

Visualization – > Emotions – > Feeling as if having now ( which is the real feel, no time, no space ) – > Attraction and manifestation.

The “hows” are the domain of the universe, it always knows the shortest, quickest, fastest, most harmonious way between you and your dream

||| Be aware of your thoughts.  Stop and ask yourself “What am I thinking? What am I feeling? “ |||

To love yourself fully you must focus on a new dimension of you. You must focus on the presence inside you.  As you focus on the presence within, it will begin to reveal itself to you.  It is a feeling of pure love and bliss, and it is perfection.  That presence is the perfection of you.  That presence is the real you.  As you focus on that presence, as you feel, love and praise that presence, you will love yourself fully, quite possible for the first time in your life.

Any time you look yourself with critical eyes, switch your focus immediately to the presence within, and its perfection will reveal itself to you.  Focus on and love the presence within you and perfection will manifest.

The only thing you need is to feel good now.

Do what you love.  If you don’t know what brings you joy, just ask “what is my joy?” as you commit to your joy, you will attract an avalanche of joyful things because you are radiating joy.

Now that you have learned the knowledge of the secret, what you do with it is up to you.  Whatever you choose is right. The power is all yours.

Link to book in Amazon: The Secret – Rhonda Byrne