The Personal Finance Show

The Personal Finance Show is a place for people to tell their personal finance stories. Everyone has a personal finance story.

57 - Arian Beyzaei

November 9th, 2018

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At 22, Arian Beyzaei is Vice President of Operations at Enriched Academy and has investments of over $100,000.

At 16 he read Rich Dad, Poor Dad by Robert Kiyosaki and told his parents he wasn’t going to college or university.

They were not happy with his decision.

That year he saw Enriched Academy on Dragon’s Den and decided he wanted to join their mission to help Canadians learn, understand and control their money.

Though he was young, the founders of Enriched Academy were impressed by Arian’s passion for personal finance and his willingness to learn and let him join the company as an intern at 17.

He was hired on full time after 8 months and since then he has presented to tens of thousands of Canadians and has been the keynote speaker for hundreds of different corporations.

Arian joined me in the studio to tell us his personal finance story.

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58 - Liz Enriquez

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56 - Danielle Alexandria

November 2nd, 2018

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Danielle Alexandria wants to help you create true wealth and freedom for the rest of your life.

She believes that creating wealth isn’t just about investing in funds and letting them grow for 40 years. A more holistic approach is needed.

As a financial empowerment coach Danielle will help you overcome your limiting beliefs about money, heal your emotional wounds and help you develop the mindset of the wealthy.

Your thoughts about money might be holding you back. You might think that you can never be wealthy or that attaining financial freedom is not possible.

Well, guess what, if you keep thinking these thoughts, there’s a pretty good chance they are going to come true!

Psychology plays a huge role in finances and Danielle is here to help you break down whatever barriers are between you and financial success.

Danielle joined me in Dufferin Grove Park in Toronto to tell her personal finance story.

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57 - Arian Beyzaei

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55 - Robert Gignac

October 26th, 2018

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Robert Gignac wants you to know that you are capable of creating the financial future you desire.

But you can’t create a financial future if you don’t know anything about your financial present.

17 years ago, Robert lost his job in IT and realized he was actually doing ok financially. Sure, the money he had accumulated wouldn’t last forever, but as long as he generated some income to fill in the gaps along the way, he would be fine.

Robert only knew this because he had a financial plan in place.

If you are laid off and don’t have a financial plan, the only thing you can do is wonder if you’re going to be ok. You might get stressed out looking for a new job and panic if you don’t find one right away.

With a long-term financial plan, you don’t have to wonder. You’ll know if you’re ok or not.

But this personal finance stuff is really dull so Robert decided to write a book called Rich Is a State of Mind, to try to convince Canadians that taking control of your money is easier than they might think.

A highly sought-after speaker, Robert delivers dynamic keynote speeches and interactive workshop programs to International organizations, financial industry conferences and private clients.

He also has a podcast called Money, Motivation and More and a TV show called We Talk Money.

Robert joined me in the studio to tell his personal finance story.

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56 - Danielle Alexandria

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54 - Rona Birenbaum

October 19th, 2018

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Rona Birenbaum wants you to be financially successful.

Rona started out in the financial services industry at a time when sales commissions were huge and the focus was on making money for yourself, and not necessarily your clients.

Rona decided that this was all wrong and in the year 2000 she founded Caring For Clients, Toronto’s best financial planning firm.

At Caring for Clients, Rona and her team do something called Integrative Financial Planning. Sometimes referred to as holistic planning, it means looking at your whole financial picture. I believe this testimonial from caringforclients.com says it best

"Rona and the team at Caring for Clients helped us put together a plan that is far beyond financial advice. Their unique holistic approach had us explore all aspects of our life to ensure that we had all the necessary support in place for our future."

Over the years, Rona realized that paying for a full financial plan from Caring for Clients wasn’t always in the financial best interest of prospective clients. So with the help of new technology, she recently created ViviPlan.com, where you can still get a great financial plan, but for a fraction of the price of a full-blown Caring for Clients plan.

I visited Rona at her office in downtown Toronto where she shared her personal finance story.

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55 - Robert Gignac

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53 - Darlene Patgunarajah

October 11th, 2018

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Darlene Patgunarajah never fit in with the status quo. Darlene is a pioneer.

She started out as a registered nurse, and is currently working at an agency for financial advisors. This is not a very common career path.

Darlene is an excellent example of someone who built her own career path by creating new roles and systems that fit her skills and interests.

Just because you started somewhere doesn’t mean you have to end up there.

Just because a role doesn’t exist, doesn’t mean you can’t make a case for its existence.

It’s ok to reinvent yourself and even take a pay cut rather than stay somewhere that you don’t belong.

It is only by trying different things and making changes that you are able to find your true calling.

Darlene joined me in Toronto in Trinity Bellwoods park to tell the story of her non-traditional career path and how she managed her personal finances along the way.

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54 - Rona Birenbaum

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52 - David Jenkins

October 5th, 2018

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David Jenkins wants to help you learn about investing. But he doesn’t want any compensation.

David wants you to pay it forward. If you learn something from his website, he wants you to make a donation to charity instead. David’s charity of choice is the Sanfilippo Children’s Research Foundation which was created to help find a cure for Sanfilippo Syndrome, a degenerative and terminal genetic disorder that affects children.

To try to simplify the complex world of investing, David created a website called theansweris.ca. It’s a financial education website that provides step-by-step instructions for a Model Long-Term Investment Portfolio containing six low-cost ETFs that are well-diversified both geographically, and more importantly, by economic sector.

But David doesn’t want you to just jump right in - he wants to make sure you understand the service he’s providing - and therefore he made it so that you have to complete a 6 question quiz before you proceed.

Especially if you are new to investing, it can be dangerous to follow David’s 100% equity model ETF portfolio if you don’t fully understand that he wants you to buy and hold for at least 10 years.

It’s also important to understand that the information that he provides is purely educational and is just one option for investing your money. David is a self-taught investor and is simply using this website to convey what he’s learned to whoever wants to listen.

Similar to what I would do as a personal finance coach, David is simply interested in providing you with information to help you make the right decisions for you. Please be sure to read all the disclaimers on theansweris.ca when you check it out.

David joined me in the studio earlier this year to share his personal finance story.

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53 - Darlene Patgunarajah

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51 - Live from FinCon 2018

September 27th, 2018

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After driving for 20 hours to Orlando, Florida from Hamilton, Ontario, I decided that my 51st episode of the show would be a live solo episode from the podcast studio at FinCon 2018.

What am I talking about for 25 minutes?

Podcasts, of course!

I listened to 18 hours of podcasts during my drive. The last 2 hours I had a live person in the car, Sarah Li-Cain, from the website High Fiving Dollars and the podcast Beyond The Dollar, so I turned the podcasts off and we had a conversation instead!

Many of the episodes I listened to were more than an hour long so I didn’t listen to as many as you might be thinking. In today’s live, unedited, solo episode, I talk a bit about FinCon but mostly about the 7 podcasts I listened to during my 2.5 day road trip. Here they are, in no particular order:

Stacking Benjamins
Afford Anything
Beyond The Dollar
The Money and Media Podcast
Mo’ Money Podcast
The Fairer Cents
The Money Millhouse

You should check out all of these podcasts, but also all of the podcasts nominated for Plutus Awards this year. You can find the list here.

If you need to pick one, I 100% recommend The Fairer Cents. Tanja and Kara are talking about things we should all be talking about and they are really good at it. This is my favourite podcast.

I had a great trip down travelling through 8 states - New York, Pennsylvania, West Virginia, Virginia, North Carolina, South Carolina, Georgia, and Florida. On the way back, I get to add 2 more states, Maryland and the District of Columbia.  See you when I'm back in Canada!

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52 - David Jenkins

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50 - Tina from Money Flamingo

September 22nd, 2018

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Tina from Money Flamingo will reach semi-retirement in 863 days.

Money Flamingo is an Australian blog about Financial Independence and Retiring Early, also known as FIRE.

There are many FIRE bloggers on the internet, and I will have a Canadian one on the show in the near future, but Money Flamingo is a bit different and not just because Tina and her husband are Australian.

In May of 2018 they started Project 1000, which is their plan to build their nest egg to $500,000 in 1000 days, then quit their regular day jobs, work part-time for 10 years while their nest egg doubles to $1,000,000, which should provide them with financial independence and the option to stop working.

You won’t find Tina’s picture or last name on the episode cover, because, like most FIRE bloggers, she prefers to remain anonymous. If you had a plan to quit your job in less than 3 years, you might not want your employer to know about that either.

You can check out Tina’s progress at moneyflamingo.com and decide for yourself whether you think their plan is feasible. Many people have achieved early retirement, and there are many ways to get there, depending on various factors like how much you want to spend today and what you intend to need for funds when you do stop working.

But Tina and Mr. Flamingo only started focusing on early retirement recently. A lot had to happen in Tina’s life before she even realized financial independence was possible for her and her husband. Tina met up with me somewhere(it’s a secret!) in Sydney, Australia to tell her personal finance story.

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51 - Live from FinCon 2018

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49 - Bessie Hassan

September 14th, 2018

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Bessie Hassan is passionate about helping people find better deals and save money.

Bessie is the Australian Head of PR and Money Expert at Australia’s largest financial comparison site, finder.com.au.

I reached out to Bessie for the Australian Personal Finance Series because I think it’s so important to provide everyday consumers with as much information as possible, so they can make informed financial decisions. Not only does Bessie do that at Finder, she does it in a way that is relatable and accessible and helps promote financial literacy.

I met up with Bessie at the Finder headquarters in downtown Sydney, or CBD, Central Business District, if you’re Australian, where she shared her personal finance story.

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50 - Tina from Money Flamingo

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48 - Kylie Travers

September 7th, 2018

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Kylie Travers turns obstacles into opportunities.

During a 3-year period, Kylie Travers lived through spousal abuse and subsequent divorce, she was homeless, robbed of everything including her underwear, she was temporarily paralyzed, had a cancer scare, and on top of all of this had to figure out how to support her 2 girls who had been diagnosed with learning disabilities and needed extra care, which costs extra money.

But Kylie didn’t let any of this get her down. In that same 3-year period, she was a speaker at the first FinCon conference in Chicago in 2011 and won best international personal finance blog at the Plutus Awards at FinCon 2012 and 2013.

Kylie runs her own successful business, where she is consultant, influencer, ambassador, marketer, and is involved in charity work in Australia, which led to her being named finalist for Young Australian of the Year in 2015.

Kylie has written several personal finance books which are available on her personal finance site called The Thrifty Issue and has a ton of free resources and blog posts at kylietravers.com.au.

In July 2018 I travelled to Australia to join my wife, Kaila, who was doing a one month exchange with a Sydney hospital as part of her McMaster University Medical training here in Hamilton. We already had plans to head to Melbourne for a weekend, so I reached out to Kylie, who lives there, and she agreed to meet me in Carlton Gardens to tell her inspirational personal finance story.

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49 - Bessie Hassan

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47 - Eric Arnold

August 31st, 2018

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Eric Arnold’s personal finance story is not for the risk-averse.

Eric is what you might call a serial entrepreneur.

Whatever people have in their brain that prevents them from taking huge risks… yeah, Eric doesn’t have that.

What does this mean for Eric?

It means when the rest of us were working our 9 to 5s - making spreadsheets for our bi-weekly paycheques, Eric was building businesses.

Some did very well and some did not.

With success comes failure, but Eric learned something from every business.

Today Eric is CEO of Planswell, a company that provides free financial plans to Canadians. Planswell is doing great, having raised $13 Million dollars to date and so far providing free financial plans to over 100,000 Canadians.

But a lot happened before Planswell was even an idea. Here’s Eric to take us through his personal finance story.

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48 - Kylie Travers

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46 - Boyce Collins

August 24th, 2018

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Boyce Collins doesn’t want you to become house poor.

As a mortgage broker, his responsibility is to get you the best mortgage for you. This isn’t always the case when you go to get a mortgage from a bank. And the best mortgage isn’t necessarily the one that leaves you strapped for cash if the interest rate changes by a quarter of a percent, or leaves you with an empty bank account every month.

If you listen to the show, you’ve heard me say this a bunch of times: banks care about making money. They don’t care about you.

After talking to Boyce for over an hour, I actually believe that he cares about his clients.

A house is usually the biggest purchase of your life. So for the biggest purchase of your life it really makes sense to me to go see a specialist.

Boyce currently works for The Personal Mortgage Group, a brokerage founded by his mom, Suzanne in the early 90s. This brokerage is all about trust, integrity and financial wellness. They have 92 5-star reviews on Google and if you’re in the Hamilton area, you should really check them out.

But Boyce wasn’t always the mortgage expert he is today. Here’s Boyce to tell his personal finance story.

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47 - Eric Arnold

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45 - Engel Jones

August 17th, 2018

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Engel Jones has conducted over 2,000 interviews since 2016. They were all at least 12 minutes long.

In 2016 Engel decided that he was going to do 1001 interviews in 3 months, using a framework of questions that he came up with that take around 12 minutes and are meant to help you discover Your Own Unique Real Self. He called it Twelve Minute Convos. This was all done from his home in Trinidad with guests from everywhere in the world.

Let’s think about this for a second: 1001 interviews divided by 90 days is around 11 interviews per day.

When I schedule interviews for The Personal Finance Show, I do one, maybe 2 per day. Whether it takes an hour or 12 minutes, interviewing someone takes a lot of energy and creativity.

When the 1001 interviews were completed, Engel released a workbook called Your Own Unique Real Self, a reflective self-discovery guide, which is now available on Amazon.

As if that wasn’t enough, in 2017 Engel decided to try it again! This time focusing on interviewing other podcasters. He got to 813. That’s 1814 conversations in 2 years. My 12 minute convo was episode 1,437.

And as of March 2018, which is the last episode published on iTunes, the episode count is at 1987.

But it doesn’t end there! In June of 2018 Engel and his wife Amanda(who is a registered nurse and published author) decided to leave Trinidad and make a 12 week journey across North America to meet and do follow-up interviews in-person with as many previous guests as possible.

So they are way past 2,000 episodes now - they just haven’t been published on to the podcast feed yet. They are all on Facebook and YouTube if you search for #12minconvos. The in-person interviews are currently at episode 289 and you can find me on episode 106

It was a privilege to host Engel and Amanda at my home in Hamilton, and provide them with a place to stay while on their journey. If you like what they are doing and want to throw them some support, head over to gofundme.com/12minconvos.

Engel agreed to take a break from being the interviewer for a whole hour, to share his personal finance story and how 12 Minute Convos came to be.

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46 - Boyce Collins

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44 - Tom Kuegler

August 10th, 2018

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Tom Kuegler graduated from college with a degree in marketing, over $80,000 in school debt (that’s US dollars by the way) and couldn’t find a job in marketing.

He realized that he was good at writing and started taking whatever writing jobs he could. At one point Tom would write 2,000-3,000 words a day at his online writing job and he was only making $15 for every 600 word post. Have you ever tried consistently writing 2,000 words every day? It’s hard. And even harder when it’s about things you aren’t even interested in.

Today, Tom has 23,000 followers on the popular blogging platform Medium.com and that number grows every day. Tom has been so successful on Medium that he launched an online course called The Medium Mastery Academy, where he shows you how to get followers on Medium and how to monetize your writing skills as he did.

But Tom only got to where he is today because he never gave up on himself. I think it’s sometimes too easy to keep a job we don’t like because it pays well enough and there’s $80,000 of debt staring us in the face.

Tom joined me from the other side of the world in Indonesia to tell his personal finance story.

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45 - Engel Jones

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43 - Leanna Haakons

August 2nd, 2018

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Leanna Haakons grew up in a family of entrepreneurs. She realized early on that if she wanted to make a living for herself that she had to build skills and take advantage of opportunities as they came to her.

So it’s no surprise that at the age of 30, she is running her own financial services marketing firm, Blackhawk Financial, and is a best-selling author with her new book Young, Fun and Financially Free.

Often we think that we have to sacrifice today to build wealth for the future. And we also think that money management has to be boring and complicated.

Leanna wrote her book to help you realize that you can create a wealthy future and still life the good life today. A lot of it has to do with having the right mindset. And it doesn’t have to be so serious!

Leanna joined me from Vancouver to tell her personal finance story and how she is able to be Young, Fun and Financially Free.

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44 - Tom Kuegler

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42 - Ian Clarke

July 26th, 2018

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Ian Clarke was the Chief Financial Officer (CFO) of Maple Leaf Sports and Entertainment (MLSE) for 26.5 years and as of 2017 is the current CFO of the Greater Toronto Airports Authority (GTAA).

As a CFO, he manages the finances of corporations, but is corporate finance really that different from personal finance?

As it turns out, they are pretty much the same except for the human emotions that are involved in personal finance.

Emotional spending and emotional investing can lead a rational person to spend money they don’t have or gamble money they can’t afford to lose.

But often the way out of a bad financial situation is to put the emotions aside and treat our personal finances like a business.

In a business, you are accountable for your financial actions, as you should be in your personal life.

But what happens instead is that you might decide you want to buy something, before you calculate whether you can afford it. It is this kind of behaviour, encouraged and promoted by the credit card companies, that leads people into real financial trouble.

So have a listen to Ian’s personal finance story, and his experience as a CFO, and hopefully you will see the value in his rational approach to money management, and life in general.

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43 - Leanna Haakons

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41 - Brian Daley

July 19th, 2018

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Did you know that it can cost $30,000 to hire someone in the tech industry?

Let’s say you have a company and you want to hire a data scientist or mobile developer. Maybe you’ll pay them a $100,000 salary. Tech recruitment companies could charge you 30% of that first year’s salary to find you the right person.

Why would you pay this much to hire someone? Well, hiring is complicated.

You want to find the right person, but you might not have the network or the resources to do that. You don’t want to waste your time and end up having to settle for whoever’s available, so that’s why recruiters exist. They’re specialists.

Plus, the best people are going to go to the Googles and Microsofts of the world and if you are a small company, they might not even know you exist.

But there’s gotta be a better way than spending $30,000 to hire someone, right?

That’s what Brian Daley thought when he started his new company SmartRefer, which is the first open-source employee referral platform to leverage blockchain technology.

Brian didn’t start out in the recruiting business, or the tech business, but he always had this philosophy of keeping his options open, and constantly building skills and relationships.

Let’s hear Brian’s personal finance story and how his personal philosophy has led him to where he is today.

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42 - Ian Clarke

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40 - Mark Rivard

July 13th, 2018

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What does a book about quitting smoking have to do with your personal finances?

That’s what I asked my friend Mark Rivard when he told me about his personal finance story.

I know you’re thinking, if you quit smoking, then you save money. Sure that’s part of it, but the money saved on cigarettes is not going to make a huge dent in $20,000 of credit card and student loan debt.

When Mark told me his story, I knew that other people needed to hear it.

You see Mark got a bit too comfortable living off the generosity of others.

We all go through periods like this in our lives. Maybe we’re just figuring things out and a friend or family member helps us get through the low income, or financially difficult times of our life.

But how do you learn to take care of yourself financially, when you’re so used to relying on handouts?

Where does the motivation come from to make a change?

Just because people keep offering you help, doesn’t mean that you should take it.

And this advice also extends to the “help” that credit cards offer you in times of need. Credit cards can often seem like a great tool to fund the life that you want. But they come at a huge cost, which you might not realize until you’re swimming in debt. At that’s the point when you might really need help, but you already used up all of your handouts. What do you do in this situation?

I’m so glad that Mark decided to open up and tell his story. It’s important to hear and I hope that hearing it helps you or someone you know make a positive change.

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41 - Brian Daley

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39 - Tyler Sheff

July 6th, 2018

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Tyler Sheff doesn’t believe that real estate is a “get rich quick” investment. His team understands the value of the old saying that “slow and steady wins the race”.

Many people look to real estate as a way to make some quick money, or guaranteed returns.  But it’s way more complicated than that and if you don’t understand what you’re getting into, you can easily lose your shirt, and more, by getting into real estate with a lack of financial intelligence.

Tyler started Cashflow Guys because he knows how challenging it can be to deal with all the pieces of the puzzle.  Tyler is so serious about making sure that you are a good fit with his program that he doesn’t just take anyone as a client.  There are some people that just don’t have the right mindset to get into real estate right now. And if Tyler notices that, he tells them to keep their money and sends them packing.

This isn’t about Tyler making money while others lose money.  His whole business is about connecting the right people and ensuring that everyone involved is successful.

But Tyler didn’t get into real estate until later in life.  Let’s start at the beginning - to a small town called Hamburg, New York.

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40 - Mark Rivard

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38 - Mark Podolsky

June 28th, 2018

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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.

FREE PASSIVE INCOME LAUNCH KIT

Mark, is offering his $97 Passive Income Launch Kit for FREE to listeners of The Personal Finance Show. If you like what you hear in today’s episode, just email support@thelandgeek.com and mention that you heard Mark on the show and you’ll get the kit for free.

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39 -Tyler Sheff

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37 - The Future of Payments

June 22nd, 2018

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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

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38 - Mark Podolsky

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36 - Gordon Stein

June 14th, 2018

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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.

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37 - The Future of Payments

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35 - Barry Choi

June 7th, 2018

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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.

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36 - Gordon Stein

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34 - Jeff Cates (Small Business Episode)

May 31st, 2018

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Jeff Cates is the president and CEO of Intuit Canada, the company behind QuickBooks Online, TurboTax and Mint.com.

There are 13 guests on this episode!

Here are the times they all appear if you’re looking for someone specific:

4:55 - Jeff Cates, President and CEO of Intuit Canada

25:34 - Claire Niburski from Knit Technologies 

26:50 - Rhys Mohun from FundThrough

27:50 - Christian Ali from Dream Payments

29:43 - Brendan Woods from AutoEntry 

31:01 - Paul Abrams from WayPay 

31:54 - Geoffrey Gualano from HubDoc 

32:52 - Charmaine Cheung from Plooto 

33:59 - Lisa Zamparo from lisazamparo.com

35:03 - Elliott Stone from MDTax 

36:42 - Cathy Bonch from ACCPro Services

37:33 - Londale Lindo-Sewell from ACCPro Services

38:10 - Vicki Curtis from Curtis-Villar and her new company Digitfy Inc.

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33 - Raj Lala

May 24th, 2018

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Raj Lala is an investment fund artist.

I talk about exchange traded funds(ETFs) a lot.

How the best portfolio is a diversified portfolio. And how the simplest way to diversify is to buy a handful of ETFs that are built to mimic certain parts of the market.

Robo-advisors, for example will usually have what we like to call “buckets” made up of ETFs that balance each other out to try to achieve an overall return, depending on your level of risk tolerance.

But how are these ETFs built?

Who creates funds and how are they created?

The answer is that there are a handful of people out there who are skilled at taking a bunch of investments and packaging them together in a bundle, or fund.

This is more of an art form than something you can learn about in books.

The art of fund-building is something that is acquired over years of practice, but there’s also a lot of natural talent to start with, like someone who is a great artist or musician. You have to have some talent to start with and then you hone your craft.

Raj Lala is one of these artists.

With his new company Evolve ETFs, Raj is focused on investments encompassing topics that intersect in Canadians’ daily lives.

Products like their North American Gender Diversity ETF, which invests in top North American companies as ranked by Equileap’s extensive Gender Scorecard, which includes 19 criteria of gender balance and gender equality.

I met Raj at the Evolve office in Toronto where he shared his personal finance journey and the idea of investing in financial products that mean something to you.

NEXT EPISODE

34 - Jeff Cates

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