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!

Recently I had seen the cost of my bill creep up to around $86 with tax based on my usage.  Knowing that there are all of these new telecom competitors entering our market with fantastic smartphone right now is a great time to smoosh you bill.  I called yesterday and reduced my bill from around $86 a month to $52 including tax!  Total score, right.  If I stay within my plan limits that will save me $408 a year!  That is enough for a flight to LA or NY to have an amazing weekend with friends.  Here are my steps to get those same savings while improving your plan and then re-invest them into your own happiness !  Win win win.

1. Run around town and check out all of the carriers Smartphone plans and deals.  Be sure to check your office fax room fist.  The best deals are offered to employees of large companies so see if you can get a group rate based on your employer.

2. Find the best deal that would reduce your bill to around $50 that includes unlimited after 5pm and weekends calling, over 500MB of date or more based on your usage, unlimited texting, and all the Voicemail and caller ID options.  You should be able to get your smartphone bill down around $50 a month.  No one needs to spend more than this on a phone bill.  If data is your money evil then look for wi-fi locations to use less.

3. Call your carrier and ask them to cheapen your plan based on the fact that there are all of these new competitors out there with cheaper plans.  This guy is just a door to the person who has the real power to humour them as the try to take $5 to $10 off your bill or tell you that is the cheapest.  Say “Thanks so much but it is still way too much, can you now tell me how much it would be to cancel”.  Now watch the alarm bells go off as he offers you the moon and his first born.  Ask to be transferred to the customer loyalty department if he doesn’t send you directly there.  Now you’re “wurking” it out the right way.  You are on your way to crazy savings!

4. When you get to the loyalty department charm them with everything you’ve got.  This department gets all of the livid customers and you being cheeky and flirty is a welcome treat for them.  I’ll joke and say “Sandy – is that the best you can give your favourite customer?  I’d cancel and pay the fee just for the principle that you’re not giving me your best deal!”  ”You know I’m your favourite customer Sandy – give me your best plan”.  The telecoms are being squeezed by the new competitors and they have lists of all the best deals.  Have them compare your usage to the list of competitor plans they have and get the cheapest rate you can.  Play hard to get until you have your ideal plan for as cheap as you can get it.  It’s like dating – they’ll chase what runs!

5. Once you get your best plan keep scouring the earth for a better deal.  If you find one call them up and try to get that option.  If your bill ever gets messed up or they charge the wrong amount – phone your smartphone company and try to get some free stuff.  Again ask for the loyalty department and see what they can do for you.  They’re your money saving buddies!

6. Buy the common stock of your major telecom and let the dividends pay your smartphone bill.  They all pay great dividends, have great growth potential as mobile phone penetration in Canada increases and are telecoms are relatively recession proof.  Your phone would be the last thing you would cancel if you were down on your luck.  If you get a 3-5% dividend yield from owning your own telecom like Bell, Rogers or Telus with a $10,000 investment – you would get $300-500 a year to go towards your bill.  Why not get them to pay the entire thing?

Hope you enjoyed my blog today.  Keep loving your money and there will be $408 savings to love you back from your bill!

Have an awesome week,

Dave

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.