August 7th – 1pm -5pm

Chapters Bayview Village

2901 Bayview Ave Unit 132

North York, Ontario

M2K 1E6

August 21st 1pm-5pm

Chapters Woodbridge

East Woodbridge Centre, 3900 Hwy 7 West, Unit 1

Woodbridge, Ontario

L4L 1A6

(905)264-6401

August 28th 1pm – 5pm

Indigo Richmond Hill

8705 Yonge Street

Richmond Hill, Ontario

L4C 6Z1

(905)731-8771

September 25th 1pm-5pm

Chapters Woodbridge

East Woodbridge Centre, 3900 Hwy 7 West, Unit 1

Woodbridge, Ontario

L4L 1A6

(905)264-6401

Indigo Yonge and Eglinton – Coming Soon!

Chapters Square One – Coming Soon!

Here is a list of ways that you can enhance your money relationship.  Ask your self how you can treat your money better to enhance your commitment to it?

1. Do you always get the highest level of interest from idle money?  Making sure that your money is always getting the highest return is a way to treat it properly.  If you have money sitting in an account and not making a good interest return search for the best premium rate savings account and transfer that money!

2. Are you being charged for having too many bank accounts? Do you go down a block to save other ATM fees?  Do you pay a monthly fee when there is a way to keep a minimum deposit to save that amount?  If you’re charged 8.95 a month in your bank account and it  takes a minimum monthly balance of $1,500 a month to wave that fee – that is a $107.40 savigngs a year equivalent to a 7% return on $1,500.

3. Do you always scan your statements to make sure that you aren’t “dinged” any extra charges?  I’ve saved hundreds of dollars by doing just this to every bill that comes through my door.  It shows that you love your money if you’re always watching out for it.  

4. Do you know what your net worth is right now?  If you don’t add up all of your assets and minus your liabilities.  Knowing how much you are worth will help you make big picture purchases and investments.  It’ll help you keep moving towards your net worth goal! 

5. How much interest are you paying on all of your debts?  Can you lower your interest rates right now and save loads of money?  Put in the time and call your credit card company, bank or loan company.  See how much you can save by lowering your interest rates, increasing your payment amount or payment frequency.  On mortgages these changes add up to a ton of cash. Treat your money like any other relationship and benefit!  

Have a great week,

Dave

1. Keep Calm, and Carry On.  The worst thing to do in markets like yesterday is to give into your fear.  Keep rational.  CBNC and BNN are all about the story and fear sells advertising and markets.  Keep your head in a good place.  Tomorrow is another day.  Take advantage of opportunities instead of running from them. 

2. Zen Zone.  Before every trading day I think about those days when I was quit witted, making good decisions, and profiting.  I remember what I was thinking that day, what my motivations were and how if felt at the end of the day when I had made all of the right decisions.  Starting that day in the “zone” is crucial to keep you on the ball. 

3. Keep Your Eye on the Ball.  Remember what your ultimate objective is and write it on a piece of paper and keep in in view.  If it is capital preservation, short term gain, or yield for the long haul, or other write it down.  When you process information when the market is crappy you’ll keep your eye on the ball and take actions to support what you want to achieve.  

4. Why do you want it?  Why do you really want the money that you’re making?  Is it family? freedom? security? achievement? or fun?  Anchor yourself to your desired future enjoying the money and re-enforce why you are going to make it or make more of it.  What that money will actually do for you and what happiness it will bring you.  

5. Celebrate!  When you’re a star in the market. Make sure you recognize it and reward yourself for being such a champ.  Re-enforce your positive actions while investing and you’ll repeat them in the future to make even more money. And you know how I love making more money.

Have an amazing week,

Dave

1.  Scouting Parties:  Shopping for the best deal is a war of attrition.  You need to scout out what you LOVE, and then keep checking back for it to go on sale.  I have a routine where I keep checking my favourite stores to see when my prize sweater or amazing shoes go on sale.  I keep my visits frequent until I don’t think my target item will go any cheaper or I risk the chance of losing my size–and then I pull the trigger.  Buy it with cash and celebrate your victory.  If it doesn’t go on sale or I lose my size–I didn’t really want it that badly.   
 
2. Love it or Leave it:  Make sure that when you buy, you buy something that makes your heart go “thump”.  Buying because you’re bored, your friend bought something and you feel you need to also, or because you just got dumped is no way to shop.  Make sure that when you try on that sweater or swirl in that dress it gives you butterflies.  You’ll wear it a hundred more times than something that you kinda like.  Plus, think of all those extra sweaters that you half-like sitting in your closet.  If you hadn’t bought them you could have allocated their costs toward your ULTIMATE something, something.  

3. Buy Classics:  Make sure that when you buy, you buy good quality, classic products that you won’t have to pitch next season.  We are all about the average cost per wear over here.  A classic piece is timeless and contributes to your clothing basics.  Keep in mind what classics you still need to buy, and when shopping hit them up first. 
 
4. Befriend the Sales People:  If you’re charming and lovely with the sales people they’ll tell you when things are going on sale, hold things for you, and invite you to the friends and family nights.  Allies are crucial in retail reconnaissance.

5. Save the Money First: Make sure you have the money saved before you buy anything.  This allows for you to truly enjoy the product without any money malice.  Open a savings account and deposit your budgeted allowance for shopping into it.  Make a list of everything that you want to buy in priority.  If you see a fierce fleecy thing – add it to the list.  When you have enough cash to buy the number one shopping priority on your list, and it’s the right price, strike!  
 
These strategies will help you to get things for the best price and guilt free.  It makes shopping more enjoyable and gets you more bang for your buck.  You are now master of your mall jungle!  

Love your money and there will be way more to love,
 
Dave

I love money. I’ve always loved money. Loving money has allowed me to start my own ideal coaching business, buy my dream car for FREE, horseback ride every Thursday, travel more, and spend time with the people in my life I truly love. You should live your ideal life too.  This book will teach you how to dream your ultimate life then realize it by allocating the financial resources. Learn to optimize everything financial in the following book chapters:

1. Love Your Money – Simplify Your Financial Life
2. Live Like You’re Already Rich – How to become wealth like rich people do
3. Setting Goals For Your Ultimate Life – Dream your ultimate life than live it
4. Budgeting For Your Goals – How to track and save to pump back into your happiness
5. How to Use Money and Credit – How to win by using cash and cards
6. Investment Portfolios – How to build a zero dollar portfolio
7. Wealth Equals Income Steams – True wealth is built on multiple streams of income and how you can do it!
8. Mortgages and Loans – How to borrow to benefit you and save tens of thousands on your current mortgage
9. Insurance – How to only buy what you need!
10. Shopping – How to shop like a pro and save
11. Money and Relationships – How to pick the perfect money match
12. Financial Checkups – How will you know when you’re wealth?

Love your money and it’ll love you back with an Ah-mazing life!

Dave

1. Set your payments from monthly to bi-weekly–or even better weekly. Bi-weekly payment means you make one extra payment per year compared to monthly. Over the amortization time of your mortgage these extra payments will save you thousands.  
 2. Round up your payments. If your bi-weekly payments are $829.68, for example, round them up to $900. The extra $70.32 bi-weekly will save you even more over the amortization of your mortgage.  

It is so hard to step away from your prime minus variable rates when they are so low. I had a rate of prime -.85 before I sold my place. If you do decide to stick to your variable rate and hope that interest rates climb slowly over the next few years, increase your payments so that you are making the payments that you would be in a five year fixed. There are two advantages to this:

1. You will be paying down your principal very quickly, which will equal less principal to pay back when rates go back up. It will save you bundles in the long run.  
2. You’ll also be used to the payments at a higher interest rate. When you need to renew or decide to go with a fixed rate, you’ll have a few years of already making payments at that higher rate.  
 
Try out some of the mortgage calculators online like the one below to see how much interest you save with the different options, along with how many years you’ll “bump off” your amortization, instead of it bumping you off. And mortgage free years are years that you can spend that mortgage money on your extra special life!  

You’re on your way! What is your next step? Money. Now ask yourself, how can I possibly get this boat? How much do you have saved? How much will it cost? How many months of saving will it take to buy the boat? Is there something that I don’t want that I could sell to contribute to the boat, like a smaller boat or old tires in the garage? Keep asking how, how, how can I get that boat in a practical and responsible manner?  What resources can support me to get this boat?
  
Once you have a financial plan (see my blog on how to get a free car; it works for boats too), have the savings come out automatically from your pay. You’ll know every month that when a deduction towards your ULTIMATE dream comes off your pay, you’re getting closer to your dream. Be sure to get the best interest possible for your dream too. Shop around for the best interest rate to contribute to your goal. You’ll find yourself putting away your birthday money, working extra shifts, or cutting back on dinners out to get to your ideal future faster.  
Whatever you dream of when you’re alone, this is the day to make your very first step towards it. How do you eat an elephant? One bite at a time.  

Have an awesome week,

Dave
 
 

Step 1:
Figure out where you want to be. It is crucial to envision yourself debt free on a particular date in the future. Day dream of yourself looking at your financial statements and knowing that you are master of your own house. You don’t owe anyone anything. Bask in that feeling of complete freedom and then remember that joy when you’re about to charge more crap you don’t need.  

Step 2:
Map out where you are. Take an evening, open a bottle of wine or drink of your choice and make a list of every debt you owe and the interest rate. Include overdraft, credit cards, department store cards, bank of Mom and Dad or Auntie Gertrude, student lines of credit, personal lines of credit, home owner’s lines of credit, auto loans, rrsp loans and mortgages. Make sure to include if you have a don’t pay now until later loan too. Just because you aren’t spending money on it right now doesn’t mean it isn’t debt.

Step 3:
Which of your debt products have the highest interest rate. This can be emotional interest too. If Auntie Gertrude makes you feel like jumping out the window every time you’re at a family event then prioritize that she needs to be paid off first. The killer interest rates come with department store cards and credit cards. Department store cards have up to 30% interest and credit cards are around 20% interest. If you buy a $1000 sofa on a department store card and only make minimum payments you’ll have paid $1,000 MORE in just over three years at 30% compounding interest. You could have had two sofas if you paid cash.  Crazy, right?

Step 4:
How you are going to bust that debt? Everything is on the table now. Remember how AMAZING you felt owing no one anything? First, holster the cards. Put them in the freezer or bury them in the living room fern. Next, figure out how much you need each month to pay all essential bills, eat and minimum payments on all of your cards. If you don’t need it don’t spend it. Deduct that from your monthly after tax salary. With the extra income throw it on your debt — highest interest first. Make it a game. We all love games! Try to live on as little as possible for one month. Brown bag lunch, drink office coffee, eat at home, watch TV, play board games or have a “nookie” night with your love monkey instead of going out. Use your imagination and cheap out for only 30 days and make a huge dent in your debt. It’ll feel incredible.

Step 5:
Make more money to throw on the debt. Put everything you don’t want on e-bay, craig’s list, take to a pawn broker or have a garage sale. Old comics, jewellery, coins, toys and collectibles can make you a tidy sum. Old furniture, cars, boats or trailers that you never use can get you a quick cash hit too. Ask for a raise or try to get extra cash doing something that you love to do anyway. Whatever you’re awesome at — try to sell it for some coin. Collect as much money as you can from selling your services or items that you don’t need and put it right on that debt. Be sure to celebrate your success every time you see that balance drop. Hard work deserves a pat on the back. Make sure you know how much you owe at all times to keep your eye on the prize.

Step 6:
What can you live without after your cheap-o month? Commit to an amount that you want to allocate to the debt and every pay transfer the money in chunks to pay down the most expensive debt first. Use cash for everyday variable spending and limit it by taking a tiny set amount out each week for the entire week.  When it is gone it is gone.  Calculate based on your payments when you’ll be debt free and mark your “liberation” day on a calendar. Write the date on your day timer or on the back of a card and carry it around in your wallet. It will motivate you every time you look at that date so post it everywhere. Tell your closest friends and family to crystallize how important the date is for you.

Step 7:

Dream how you’re going to reward yourself for that hard work.  When you’re debt free of all of your consumer debt (not including investment loans or a mortgages) you’ve turned the tables.  The consumer shackles are off and you need to be treated well for your discipline and industriousness.  Think of a “carrot” that will get you through your weak moments and think of how sweet that prize will be when you’re there!