June 28th, 2018
Mark Podolsky buys land from people that don’t want it and sells it to people who do.
He’s done this over 5,000 times since he started in 2001, and he averages a 300% return on every deal. For example, if he buys a parcel of land for $2,500, he would sell it for $10,000, making a $7,500 profit.
As Mark says:
“There are billions of acres of raw land and only a handful of people doing this.”
So he launched The Land Geek to teach others how to:
“Learn the Art of Engineering Geeky Systems that Create, Grow, and Protect Your Cash Flow.”
When I heard about Mark’s success in land, I had a few questions, and maybe you are wondering these things too:
Who owns land and why do they want to sell it to Mark, and for so little?
Who’s buying this land from Mark and why would they pay 4 times the price?
Why don’t the buyer and seller do this directly? Why do they need Mark to be in the middle?
These and all the other questions you have about buying and selling raw land will be answered by Mark in this episode. But first, let’s hear about Mark’s personal finance story.
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39 -Tyler Sheff
June 22nd, 2018
This episode is about the Future of Payments in Canada and around the world.
How do you pay for things today, in your personal and business lives?
Cash, cheque, credit, debit, wire transfers, email money transfers?
Maybe you’re living in the future and pay for everything with your phone.
Have you ever wondered if cash and cheques, aka paper transactions will always be around? Did you know that 875 million cheques were written in Canada last year?
That might surprise you if you don’t even have a chequebook.
But many businesses still rely on cheques to make all of their payments. It provides a paper trail, or audit trail, if you always have the Canada Revenue Agency on your mind.
Will it always be this way? What does the future of payments hold?
To understand the future, it might help to understand more about how payments are processed today.
In May 2018, I was at the Payments Canada Summit and interviewed 4 people about the future of payments:
Sue Whitney of Payments Canada - 2:18
Sam Mulligan of Mobeewave - 11:32
Chris Chan of Dwello - 15:44
Laurence Cooke of Nanopay - 30:06
38 - Mark Podolsky
June 14th, 2018
Gord Stein wants you to build 2 million dollars in wealth over the next 10 years.
If you implement every cashflow savings idea in his book, and then take that saved money and invest it over 10 years at 7%, you will have an extra $2 million.
How does that sound?
Ok, maybe every part of the book doesn’t apply to you, but with 60 different cashflow recipes, you will find some area of your life where you can save.
The point is that, wherever you are spending money in your life, you need to review that spending every so often to see that it makes sense.
Paying $100 a month for a storage locker? What’s really in there? Could you sell the stuff, and invest the $100 a month instead?
Buy your lunch every day at work for $10? That’s $50 a week. $2,500 year.
If you invested $50 a week for 10 years, you would have $38,000. In 20 years $114,000.
This isn’t about giving up stuff, it’s about making little changes in your expenses that don’t really impact your quality of life, but free up small amounts of cash flow.
And if you apply these little changes to all the areas of your life, the little bits add up.
Gord spent 2 years compiling the list for you and put it all in a handy guide he called the Cashflow Cookbook. He sat down with me in Toronto to tell his personal finance story.
37 - The Future of Payments
June 7th, 2018
Barry Choi wasn't always a personal finance expert. Back in his 20s he didn't know anything about investment fees or what he should be investing in.
But when someone suggested that he might be paying more than he needed to, he quickly found that it was even worse than he thought.
That incident from 10 years ago kicked Barry into high gear and created the personal finance expert we know him to be today.
Barry is also one of Canada’s leading travel experts and blogs about his travels, and various personal finance topics on his site moneywehave.com
Barry has been published in the Globe and Mail, Toronto Star, Financial Post and MoneySense magazine, just to name a few, and he’s made many appearances on Canadian TV over the years.
Barry joined me in Toronto to tell his personal finance story.
36 - Gordon Stein