Tuesday 10 November 2015

Blog list

Hey everyone, We decided to make a list of all our blogs put into one place so you can look at all the tittles and pick out which ones you would like to read. Hopefully a few will interest you. We hope you enjoy what you read, and can learn something for whatever it is you choose to read. Thanks for the support!

This is our first blog, which is just a introduction. If you'd like to know a bit about us, check it out.

This blog is written a bout a few people that were average people or had nothing to their name, and turned it into a fortune. 

These two blogs give a few idea's of how you can increase your income, in a way that could be a lower tax bracket then what your currently in. These work in any city, especially expensive city's such as vancouver. 

Here is a list of some blogs that you can get a bit educated on a topic of your choice, to learn how you can increase your income, and learn how to start investing.

Here are two examples of how to make cashflow in two different asset class's. 

This blog will open your mind to prepare you for a glimpse of the future

If you own mutual funds, give this a read for sure. It could be very rewarding if you learn a bit about mutual funds and decide to take action 

These three blogs will open your mind on becoming successful. It isn't what you do but how you do it, and why you do it. We give a few examples of vehicles you can use to get to the level of success you want, but ultimately, its your why that pushes you be successful at whatever it is that your doing. This is where you should start if you do not know the secrets to succeeding at anything you want to succeed at in life.

The first two blogs are reviews on a book and a teacher, that educate you on the stock market. The book is a great read. The last blog is a teach on financial education. He is my favourite person to learn from.

This is a little story about the progress and past history on our journey. Give it a read.

Here are the last of our blogs.

I hope you have found some that sparked your interest, and you enjoyed. Feel free to follow us on twitter, facebook, and you can even add my facebook account personally. Thank you for reading. 


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Sunday 1 November 2015

Grow your Income by opening your mind

Hey everyone, welcome to another blog from My Journey To The millions! Today's blog, we will talk about growing your income. You have to open your mind to get to the next level financially and you must push past that fear of losing!


If you want to grow your income, you must open your mind on ways to make income. You have to be willing to take risks with your money. You can't looking at your only source of income coming from selling your time. You can only get so far by asking for raises. You can't go spend more than you earn, and you cant be scared to lose all that you've saved. Knowledge is more important than money, so don't be scared to spend time and money on your education. If you know how the process of making a lot of money, you can easily repeat it if you lose all your money. If you have a lot of money though and you lose that, without the knowledge of how to regain it, your lost. That cancels out winning the lottery as a way to grow your income. The person who is to scared to take a chance on an investment, other than a 2 percent guaranteed investment, or a mutual fund will not get ahead but neither will the person who throws their money in an investment without any knowledge on it. One thing I believe is that to get more in life, you must give more in life. I daily donate a portion of my income. I told someone that recently and they thought I was crazy, they said think about how much that is in the long run. Those who fear losing money will not get ahead which is why I give daily. So if you truly do want to grow your income, your going to have to get your financial statement in order. Your going to need to use a portion of your income to power build your asset column with positive cash flowing assets. You can invest in a portion of income towards capital appreciation assets but those don't increase your monthly income. Look for a service you can provide to others part time to grow an extra income on the side. Perhaps a small part time business, whether it be starting in your garage, or on your computer over the internet. Your goal is to slowly increase that income until it reach's or surpass's your income from your job. Once this happens, I would suggest you you quit your day time job and work and growing your cash flowing asset column to the next level. Why do I say that? I've heard people say that if they had $20,000 dollars residual income coming in from investments, they would still work for money to make 200 a day. Why would you go to work and spend your valuable time making $200 a day when you know how to make $20,000 a month without working? What's more likely, you doubling your income from your job to $400 daily, or you repeating the process you have already done to create another $20,000 residual income to total $40,000 monthly income. If you know how to accomplish that first step, and you have more time to focus on doing it over again, how long do you think it will take you to double your passive income? Stop thinking small and picturing 30 dollars as an hour of a time. Think big.



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Friday 30 October 2015

My journey to the millions

As a young kid, I hated school. I felt lost from having to wake up to go to school which I did not feel a need to go since I didn't understand what joy there is from going to school for 12 years, just so I could graduate to get a job until I'm 65. That thought didn't excite me at all, and it made me hate school. Once I hit high school, I dropped out instantly on the first day and didn't make it back until 2 years from that day. I started at an alternative school, and shortly after, I started buying and selling random items such as bikes, games, gaming systems, etc to make a profit. To boost my money to play around with, I got a job at Mcdonalds. I didn't like the job, but I did like the people I worked with. I had started to finally find meaning in life as I watched my small part time business rack in more profits as I had more money to play with. After about 9 months, I had to quit my job to focus on my small business that was earning more income than the job by twice as much at some periods of time. I slowly started to get bored of this business and was introduced to multi level marketing. I joined instantly and started to learn, and grow as a person. My business did very terrible, I lasted 3 months before I quit but this opportunity was what made me realize is I am meant to be an entrepreneur. I used the time after this to start studying investments such as commodities, and the economy. I worked on learning how to position myself with the profits I made from my small business that I gave up to start to pursue something new, and what I started with was buying gold and silver. I bought the majority silver at $25 an oz, which hurt me since it is currently at $21 today which is 3 years later roughly. For my second investment, I wanted to get in the stock market but I was only 18 and had to be 19 to open an account. I found a trusted person to open an account that I could have control over, and I bought a solar panel company, stock symbol YGE for 3.50 a share and sold it at 5.75 a share three months later. At the time, I had no idea what I was doing, but I got pretty lucky with this trade. I would had held on to this but I transferred the funds into my name as I was finally 19, and my stock broker took over from there. My stock broker has made a few killing stock trades in the past couple years. He focus's on penny stocks, which most are garbage in my opinion, but I believe my first trade was AIX.V and I flipped it from 3.5 to 5.5 cents. Another great trade was DIDG at 5.5 cents, sold at 9.9 cents. That was a nice trade, and still is in my top two trades to date. My next venture was starting my own small junk clean up business. I bought myself a truck and starting using people I know in the construction business as leverage to find work. I was renting a Dump trailer for a monthly fee and made a few decent jobs that were nice profit. This came to an end when I lost my drivers license from having to many tickets as a new driver. I wasn't the brightest kid growing up. I gave up on that business and started to focus again on investments. I found an investment in a small construction business that was offering around 4x my investment to fund them. It was initially going to take about a year to receive my return, it ended up taking a period of two years and the returned amount 3x my investment, since it was not a locked in number. Still a great investment though of course. One thing I also tried was binary options. Short story, I lost all my funding I put in within the first day. After this I continued to look for ways to get rich and make it big. I decided to do day trading, since I loved the stock market already so much. I did make a few good trades, including one that I made a 50% return on in a matter of 4 minutes, but I parked all my money into a pump and dump failure, when I thought it was a great discount to buy. I lost it all. This was a big set back in my investing since my silver was at an all time low at this point and I lost all the money I put in the pump and dump, and was using my other investment income to live off.

I have made many mistakes, and have made a few really good investments. Today, I look back and go what the hell was I thinking. I have been focusing hugely on education and if I new what I knew back when I was 17, I probably would have made it by now. What I am focusing on now is using other peoples money and other peoples time to create income now. My investments now are being aimed for cash flowing assets. I am now focusing my money on cash flowing stocks while I get educated in the real estate market to learn how to make money there. I have made enough mistakes to instantly jump into any more get rich quick schemes, so now I take the time to get educated on the subject before throwing money at it. One investment right now I have is using other peoples money, and other peoples time to create a return of roughly 30% percent minimum (could be as high as 100%) to create money that I can use to purchase some cash flowing assets with. All I want to focus on is growing my monthly cash flow income from investments to $3000-5000 so I can spend my time however and continue growing my investments with that money. I have learned that true wealth is time and freedom. It does not matter what my net worth is from these assets, all that matters is I continue to grow my assets and have the freedom to spend my time however I would like. I am now 21 and the goal is to be rich by the age of 25, with 10,000 cash flow income coming in every month from assets.


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Tuesday 27 October 2015

How to build true wealth

Hey everyone, welcome to another blog from My Journey To The millions! Today's blog, We will be talking about creating wealth. We will be going through cash flowing assets and creating money to build time freedom.  We hope to educate you more financially so you know the other options out there other than getting a job. 

If you want to be truly wealthy, with time and money, your going to need to start building assets. The definition of an asset is something that puts money in your pocket. It does not matter what you choose to use to get to this goal, but I highly suggest you look to create cash flowing assets rather than assets you hope to go up in value. It makes so much more sense to get paid to take the risk while you wait for the appreciation of that asset. One example of an investment I am doing right now is using other peoples money and other peoples time to create a small amount of money that I plan on using to acquire a positive cash flowing stock from its dividend. I have high hopes for this stock, and I will be paid to take on the risk.

You too can do similar investments like this through wholesaling real estate and using the gains from it to buy cash flowing assets of your choice. The rich create money and have their money work for them. If you want to be truly rich, you must create money. You can do this by starting a business, and taking it to the stock market. When you sell a portion of your company, your creating money. Your like a bank, printing money out of thin air. You can do this by adding value to a property, or wholesaling real estate or doing rent to own real estate deals. You must open your mind so you can begin to see how you too can do this. It does not need to be just real estate.

So if you want to be truly rich, the two things you must do are learn to create your own money, and start acquiring cash flowing assets. These are the true secrets to building wealth. Wealth is Time and Freedom. Money gives you the freedom to do whatever you want, and Time is everything. Do not say time is money because it will be pretty sad if all the banks started writing checks for everyone and said your life is now mine, thank you. Time is everything.




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Friday 23 October 2015

good debt vs bad debt

Hey everyone, welcome to another blog from My Journey To The millions! Today's blog, we will be teaching the difference about good debt and bad debt. We hope to educate you more to help you benefit from debt with this knowledge.

If you have never heard of the term good debt, you may be wondering how can debt be good? We are generally taught to stay away from debt, pay off your credit cards, and pay off your mortgage as fast as possible. Its a good strategy for the average person of course, but for those of you who want to take your financial IQ to the next level, and use OPM ( other peoples money) like the 1% do, than your going to need to get educated. First of all, lets get the basics over with. Good debt is something that puts money in your pocket. Bad debt is something that takes money out of your pocket.Lets say you can borrow $1000 at 5% and use it to make 6%, that is good debt that puts positive income in your pocket. This is normally done with real estate. An investor can purchase a $170,000 dollar house, for a mortgage payment of $700 monthly (at 3%), and the seller is willing to do seller financing for the 10 percent down payment, with lets say a payment for $400 a month. Expenses for tax's and insurance cost $250. In total, all expenses are $1,350. If this house rents at $1,700, it cash flows positive income of $350 a month. That's not bad for using 100% other peoples money. This is what an infinite return comes from. These are just practice numbers though, for a real example, you can check a real life example, in the expensive real estate of Canada, here: Cashflowing property example. This is a cash flowing asset. This same example would be considered a liability if the rent was only $1,300 a month causing your income to be negative $50 a month. That would be an example of bad debt. Same with buying a T.V on your visa. That is bad debt, unless your renting it out, and the rent income is higher than your monthly payment for it.

Lets use another example. Lets say you manage to use your credit cards to buy shares of a company, or you take a mortgage from the equity of your house, or whatever the case is. Does that make it good debt or bad debt? If you borrow the money at 4% and the stock pays a dividend at 5%, then this would be good debt. If the stock shares you own do not pay a dividend, it is a liability. It can only become an asset the second you sell it for more than you bought it for, and the cost of borrowing the money. This is similar to gambling. You do not know 100% if it will go up in value. Until you sell it, you still pay the monthly payment for borrowing the money, and still have the expense for holding it. I do not recommend getting into stocks that way though of course. This is what most people in the lower mainland in british columbia, canada are doing with Real estate. They are buying property for the hopes of capital gains, which is crazy for the average person. The educated business person with a good plan I'm sure can do it well and lower their risk. People buying for capital gains, are gamblers for the most part. 

Good debt can also be used to create an asset, such as a business. You will need to be very educated and have a really good strategy and team, to pursue an investor to give you money though. Lets say you have a wonderful business plan of producing this product, which doesn't matter to much what the product is. You have a team that has experience in successful business and they know how to market, increase sales, how to take a company public on the stock exchange, and all that other good stuff you need for a company to succeed. You take your business plan to an investor asking for $250,000 with a return of whatever amount you agree on, you show them your team, they are happy and agree to do financing with you. Awesome, you now have the debt. Now its your turn to make this debt good debt or bad debt. In a few years, your business is doing extremely well, you pay off the debt, and the agreement for borrowing the debt, and now you , and your partners are left with a dividend paying you from the company an agreed upon amount. This is now good debt. This example is very difficult to do, considering most company's fail in there first 5 years. If you are educated though, this is the highest return investment you can build though of course. Another way you can use debt to become a cash flowing asset is by using OPM to invest in oil wells! This is also a high risk investment, which you will need to be highly financially educated to do but it can pay off big as well. 

I am not saying their is anything wrong with that beautiful new car that costs you $500 a month roughly. What I am saying is consider buying an asset with debt first so you can have your asset pay your bad debt. A $500 dollar rental property can pay off your car payments.The best thing is when your car is paid for in a few years, your asset is still bringing income in your pocket, and might even have equity in it you can use to purchase your next investment.



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Tuesday 20 October 2015

Cash flowing Stock option trade example

Hey everyone, welcome to another blog from My Journey To The millions! Today's blog will be an example of a current trade I am placing on a demo account that is cash flowing from a dividend, as well as lasts months example of a cashflowing stock option trade. 

Recently, I started trading with a demo account to gain experience with stock options. So far, my account is up in its first month 5%- .03% for expenses. A total of 4.7%, which is pretty good compared to any mutual fund I know of. The first month, I sold options of $DIS and $GORO which both had options used on the expiration date. As of today, I have put in a bid for $GORO at limit of $3, which last trade was at 2.91 so I will probably get in a bit lower. I have bought put options for 15 cents a share, with a safety net at 2.5. My prediction is this could go up higher. I am a big silver fan and this company produces silver and other metals. I also like the big dividend on this company as well. These are my trades I am doing to start learning to cash flow on the stock market. Remember, cashflow is king. Capital gains is not as important as cashflow. Cash flow allows you to buy your time back. Time is everything, remember that. Capital gains is also taxed higher. I will do an update when the expiration date on november 15th comes to talk about the process I've made on this trade. Ill have one of two outcomes no matter what though. I will win, or i will win, by learning.

Update: The first months cashflow from stock options was made by risking money to sell an option for instant cash. If you do end up having to buy the stock, you can continue renting out these stocks by selling options for monthly cashflow. The second months strategy for cashflow is by buying a high dividend stock and paying for a safety net to reduce risk. Of course the value can go up and down but the cash flow is what is important. Just wanted to provide a bit more information to help others understand how its cashflow.

Update: The trade I used on GORO was terrible. I exercised my option, limited my loss which is good atleast, but it was a big loser. To make up for a bit of the loss, I bought call options of apple at 115 for I believe 5 dollars a share, So I now have the option to buy apple at that price and It is currently in a positive position at the moment. I am going sell put options for SLV to hopefully gain some percentage back. SLV is looking like its getting ready to hit its bottom or break through it perhaps, so I am waiting to decide when to sell the option depending if it breaks its support. A better, cheaper way to had profit on GORO could had been to buy call options which would have lost all of its value, but perhaps could had saved money. I will not be buying one month contracts anymore, 2-3 months will be the minimum I will buy for stock options after this lesson.

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Monday 19 October 2015

Cashflowing property example

Hey everyone, welcome to another blog from My Journey To The millions! Today's blog, we will be going through the expense's and income of a property. The big question is, DOES IT CASHFLOW?

Recently I have found a Duplex property for sale. We will be dicussing if it is an opportunity or not, and helping your mind take a look at some of the numbers.

The first thing we are going to take a look at are the numbers to see if it works

The Sq Ft of these units are 650 ea, with one bedroom one bathroom. 4 units of course are in the duplex.

Appraised value $ 474,000
Initial purchase price $435,000
Intiial down payment $87,000
Traditional invester mortgage $348,000
Mortgage 2.7%
closing cost- legal fees $950
Inspection $500
Property tax transfer $4900
Total cash out $93,350

Rent $3200
Vacancy 1%
Vanancy amount $32
Net Rent $3,168

Strata expense $520
rental expense/ Management $200
Property tax expense $388
Utililities $0
Mortgage payments $1,408 (2.7% 5 yr fixed 30 yr am)
Total $2,516

Cashflow $652
Annual cashflow $7,824

As you can see, the house is $39,000 below the assessed value. Assuming this is number is true, that means your networth instantly goes up that much. The cashflow  would be an estimate as you can only hope you don't lose your tenants but the rent levels would be quick to replace another tenant as they are average for the area.  The building is fairly new, built in 2008. To make the best of this deal, we would need to add value to the property. Overall it looks like a nice property with positive cashflow, but you still need to add in repairs that may be needed in the future, as well as property insurance. Repairs will be good in a way considering you can use a line of credit against the equity of the house, Then the property will also go up in value from the improvements made to the property. Equity is great for a source of money you can use for another investment in the future.

These are my thoughts on a current deal I am looking at. The two ways of income I am looking for to do this deal is a JV partner, or to wholesale this deal. With this deal, you could also whole sale it with sellers financing closer to the appraised value for interest income witch is another good idea for this property. I have
an opportunity to get in at it for 428,000 myself.



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Monday 5 October 2015

Penny stocks opportunity

Hey everyone, welcome to another blog from My Journey To The millions! We will be going through penny stocks and how to learn to profit from them. We have a few different strategy's you can learn to profit if you choose to use this as an extra source of income


Is there opportunity in penny stocks? A lot of people have lost quite a bit of money in this type of investment, but is their still opportunity? Of course. 90% of stock traders are loser, which is a similar statistic as anything else that you can be successful at. Penny stocks have big risk, but have huge reward, so how can you be one of the top 10% that get that huge reward? Education. One way I have made some successful trades is by technical trading. By learning this technique, you can learn when to buy and sell for a quick flip. If you know what your doing, this reduces quite a bit of risk. Another way you can see potential reward in a company is by learning how to read financial statements. If you can do this properly, which is an education I have yet to learn, you can find earning winners and power growth companies and hold on to them for a few months, or year. If you can read the financial's, and know the management is good, you can profit greatly. Another way is learning how to predict trends. You can find up trending stocks that you can hold for a few days, weeks or even months using technical trading skills. You can also use trends to track what industry's will be starting to turn around. For example, right now, silver is in more demand each year from different types of industry use having to do with technology. If the demand keeps going up, than prices will continue going up. I would not suspect 2011 was the last time we will see $50 silver. I can predict, we could hit that level again in 2-3 years. If the economy booms, silver demand goes up. If the economy crashes, its like gold. It becomes an investor safe haven. Price once again, goes up. My favourite thing about where the price of silver topped is its same high as back in the early 80's. That's a double top, so it offers a lot of potential when the dam comes it breaks that high. That is a trend you can use to predict what industry's will go up. Silver prices will bring up all company's mining silver, or perhaps even company's that do some sort of business with silver company's, or own silver mines. To start profiting from penny stocks, I suggest you begin educating yourself on one or more of these strategy's. Don't put all your money at risk at first, you want to be educated before you put it all at risk. Reduce your risk first by learning as much as possible but still take action by perhaps using a small amount or demo account. You can also find a stock broker who is professional at this. Not all stock brokers are going to be a professional at this though! Ask them if they invest in stock themselves or is that nice car they are driving paid by your commission. Ask to speak to other satisfied clients so you can learn what to expect. The more educated you are, the more you know if they are good at what they do when you ask questions. Using a stock broker as leverage to save you time is smart, even if you are educated and know how to choose your stocks yourself. Stock brokers may know of stocks being pumped up for whatever reason. The book rampaging bull is a book that you can learn a bit about pump and dumps. Timothy syke's is where you can learn about technical trading, he has a lot of free youtube video's and you can learn lots of the web about technical trading for free. 



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Thursday 1 October 2015

Steps to success

Hey everyone, welcome to another blog from My Journey To The millions! We will be talking a little bit about some basic steps to helping you accomplish your goals and becoming successful at whatever it is you may choose to be successful at. Enjoy! 

No matter what it is you want to be successful at, you must have a perfect picture painted of where you want to be in life. You must know exactly what you want, and start to write a plan of how you can get to that goal. You may not know all the steps,but you have to start writing a plan of action. You can never give up on your goal, you must always push further to get to where you want to be. The first thing I suggest you do is write your goal on paper. Be very detailed. Put this somewhere in your room where you will see if daily and read it every day. You need to become obsessed with this goal in order to keep your mind motivated and working to accomplish what you would like to accomplish. You must put your plan of action close to this as well. you need to make sure you do everything on your plan of action. Its okay if you change it, not everything will work out how you hope it would. You will run into problems just don't let that stop you. If it was easy, everyone would do it. You must be committed to learning everything in your field that can help you accomplish you goal. You have to be obsessed with it. A good idea would be to have small goals that will slowly help you get closer to your main goal. Set a date for every goal for the time you wish to have it accomplished. A great book you can read is think and grow rich that will help you learn the secrets to success. These are basic first steps you can take to start your journey if your truly serious about wanting to make a change, and create your dreams into reality.

Check out our other blogs everyone on the link below! Hope you enjoyed our steps to success starter blog. We have plenty of other great blogs you can view, for free, any time you want. Feel free to like out facebook page to get access to every blog we post and motivational quotes! Have a good day everyone!

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Tuesday 29 September 2015

Why you need education but not your traditional education from school

Hey everyone, welcome to another blog from My Journey To The millions! We will be talking about education and why it is needed to become successful as well as what type of education you need. Not all education is the same, some may be useless towards your goal.

If you want to become successful, education is a must have. When I say education, I am not talking about social studies or science, or any subject schools teach. Those subjects are important in ways though. The education I am talking about to become successful is being educated in whatever you are trying to become successful at. If it was sports, you need to know everything about the game, who is successful and why they are successful at it. I will use finance to describe what type of education you need to become successful and wealthy. To become wealthy, you need to be educated in real estate, business, commodities and stocks. Even focusing directly on just one of these can make you wealthy but you need to be educated in tax's, how you can raise capital, how you can add value, increase sales, protect your self legally from being sued or protect yourself from a market crash by learning about options trading. You need to be educated about debt and need to be educated in the people who are also educated in the fields you'll need to know to conduct business with, such as stock brokers, realtors, mortgage brokers, attorneys, and so much more. If you are not educated, you will make mistakes. Mistakes though are great, because if you make a mistake, you learn something new. It's a lot better to make all your mistakes with little cash, rather than to get a head start or get lucky and make mistakes with tens of millions of dollars.Whatever is it that you want to be successful at, you must learn every single thing about it. You must find mentors and coach's and people who can help you get to where you need to go. If you were a singer/band and were trying to get famous, you would need to be educated in marketing online, and need to network with the right people who can get you gigs and get your album published and all the other stuff you need to know. The thing is with school, it gets you an education but it doesn't pay off on your dreams and goals. It just prepares you for a job, rather than a dream life. Get educated in what you need to be educated in to accomplish what you want to accomplish.

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Saturday 26 September 2015

Un-Mutual funds WHAT YOU NEED TO KNOW



Hey everyone, welcome to another blog from My Journey To The millions! We will be talking about mutual funds and if they really are a good investment. If you have some of these, you need to read this. They are good for some people but not everyone! 


Mutual funds, are they mutual? Really? Lets evaluate this. The mutual fund company takes your money and uses it to invest. They use 100% other peoples money. They use 0 of their own money, take 0 percent of the risk. Alright, it seems unfair so far but they get 50% of the profits and you get the other 50%, so its fair right? No, its still not fair. Why you may ask? BECAUSE THEY GET MORE THAN 50%. They keep 80% and you get 20%. You pay 80 percent in commissions and fees, how in the world is a mutual fund mutual in any way?! Now the best part of this is the tax benefits. Who gets the tax benefits, them being taxed as a corporation, with plenty of tax benefits, or you, paying tax on it as EARNED INCOME, THE HIGHEST TAX OF THEM ALL! Okay, we have pointed out the bad in mutual funds, but at least you can get contribution from your company and they match it, depending where your from of course, and the company. That makes up for it right? No. They would pay that in your wage any ways, you just lose out on this benefit if your not able to contribute money directly from your pay check! Mutual funds are un-mutual and a scam in my opinion! Now that being said, some people need to invest in these because its their only chance for retirement since they choose not to get financially educated. The best retirement plan is to build cash flowing assets rather than capital gain assets. perhaps retirement plans will change in the future. Hope you all are a bit more educated now on Mutual funds if thats what you choose to call them any more that is. Have a good day everyone and thanks for reading.

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The face to the name
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How to get ahead in the city of Vancouver #2 MUST READ

Vancouver is a very high cost place to live in Canada. With such high expenses, how can you expect to get ahead? It's not like you can go just get a house and rent it out and expect to see a positive cash flow after all expenses. Not to mention 50% average tax bracket that the average person pays in taxes that has a job.

Hey everyone, welcome to another blog from My Journey To The millions! We will be talking about a few ways how one can get ahead in Vancouver. We have made a blog about this subject in the past, but this is the new updated version and better than ever! This can apply to anyone in a expensive city or even cheaper city.

First off in a country with so many taxes, and high ones as well, the best way to get ahead is to learn how to make money and keep more of it in our pockets! Our real estate market is very expensive with some houses costing more than a million dollars and that's with a tiny lot house! In my first blog, I mention a good way to capitalize on this is to be a salesman because a commission on such a highly valued property would be a large check in your pocket, and the amount of transactions happening means there is a lot of checks to cash! If your one of the top real estate agents in the 10% that are making all the money, you'll be noticing giant leaps in income compared to the past. The problem with this is keeping money in your pocket. Making that much money puts you in a huge tax bracket! How can we make this type of money and keep more in our company? Invest in your education on real estate education. Some strategy's I have learned are wholesaling and rent to own. Wholesaling gives you the option to charge a finders fee and you can set up the right business system to pay less in taxes! A consulting company can pay as little as 12% in tax not to mention some other great benefits it has. Rent to own can give you monthly cash flow and a nice pay check in two to three years depending how you structure the deal. These two incomes can help you get ahead for sure.

Another way you can get ahead is by using your TFSA. Income untaxed? Awesome. The limit is up to 25,000 last time I checked, but may have changed. There is a yearly contribution amount of 5000, but I heard it was boosted to 5,500 this year. Problems can come with this though. Risk. We do not know what stocks will go up or down but I personally am strongly confident that gold and silver will go up in coming years, and oil may be presenting opportunity as well so gold, silver and possibly soon, oil stocks may be a great choice to hold in this account. If you do not know which ones to buy, perhaps diversify. Make sure they are producing the commodity. Silver and oil company's are available on the market to buy for 90 percent discount then their 2011 highs and they are still producing and profiting. These could be a great buy if the silver and gold bull is still existing. Find one with a nice dividend and its a bonus income! Increasing your income is the greatest way to getting ahead. If your educated, you should be able to find a rental apartment that is cash flowing in Canada somewhere. This requires a 35% percent down payment, which can be funded by seller financing or a joint venture. Cashflow will buy back your time so you can spend your time learning how to get ahead even more! 

I also stated in my first blog on this subject, that network marketing or multi level marketing is a great way to get ahead! Anything that creates cashflow is a great way to get ahead! Success in any business, or investment takes the same time and effort to become successful so don't put MLM down. Get educated. This still gives you better taxs benefits than your job, write off's, and teach's you great sales skills. This strategy on cash flow creating takes the same effort but less money than starting some sort of other business. Unless your starting a big business that has great tax benefits and your using other peoples money to get ahead, than you wont get to far by starting a small business. You can get your small business to become big, but it takes the same effort as MLM so think twice before you say anything bad about it. 

There are lots more strategy's on how you can get ahead! Cashflow is one of the greatest ways to get ahead, keep that in mind. You can win the lottery and have 50 million, but if you spend that all than youll probably lose all you bought with it in the end. Now imagine 10,000 dollars monthly cash flow! You dont need to work, and you have all your time to yourself. You can use this time to grow your knowledge and double your monthly cashflow! Thanks for reading everyone, and hope you learned something new. Be open minded. The mind is like the umbrella, works best when its opened. Remember to talk to an accountant to learn your tax benefits! choose them carefully, not every accountant knows the benefits of corporation tax laws.

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Thursday 24 September 2015

The pathway to success

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about the path to success. Its not an easy one, and its not a short one.

I have been trying for about 3 and a half years now to find a way to become successful. What I have learned is its not easy, its not meant to be easy and it never will be easy. There is a reason for this of course though. It's a test, if it was easy, everyone would be successful. My goal that I would consider my self successful if I hit a million dollars net worth, and recently if added 10,000 passive cash flow monthly. The reason I have added 10,000 dollars as passive cash flow monthly is because it does not matter if you have a million dollars because your going to lose that in a bad investment or spend it. The reason why its not easy is because you have to learn on the way to success. In my case, anyone can make a million dollars. Making a million dollars is only half of the work. Keeping that million dollars and being able to re make that million dollars once more if you lost it is what you learn on the way to success. Your goal could be different than just money but it still requires the same process.

In my personal opinion, asking "what's the best way to get rich?" is one of the most stupid questions you can ask about money. There is no get rich quick scheme's and if there is, chances are you will lose all that you make eventually. What I have learned with trying multiple things to hit my goal is that the rate of the goal is the same winning percentage in anything you do. I have tried a junk removal business, two multi level marketing companies, day trading stocks, investing in random stuff and what I've learned is its possible to achieve a financial goal with any of those but you must truly be interested in whatever path it is that you'd like to go down. If you get bored, chances are you will quit that path and try another one that is if your that determined to hit financial freedom. It's a long path to success, but every time I try something new to achieve my goal, I learn and grow every single time. The time that it takes you to achieve your goal is the time your shaping your body mind, and soul into becoming the person required to achieve those goals. Your recreating yourself on this journey. Do not give up, keep going. Some people are able to change and adapt quickly, some people take longer but this is a process anyone can do and its a process that has to be gone through for any goal weather its money, sports, or anything else in the world. If your learning more, if your changing more than your growing into the person that you have to be to be successful at your goal.

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The face to the name




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Monday 25 May 2015

Rampaging Bulls book review

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be a book review on the book "RAMPAGING BULLS" by Alexander Tadich. This book is about the stock market, but focus's mainly on smaller cap stocks.

I just finished reading Ramping Bulls today, and my opinion of the book was that is is a great book. It starts off as a page flipping story that gets you interested and into the moment as he explains a story for a big promotion of a company from the past. He explains the stages of trading experiences that you go through before you become an expert trader, starting as the naive beginner, and finishing as a master trader. The story he explains doesn't seem to have to much help to how you can profit of penny stocks, but it gives you a few ideas how you can learn and grow through the stages of learning how to trade penny stocks, and what mistakes he made. The story will keep you glued to the book though, I had read half of the book after the first two days of purchasing it. After the story, at the end of the book, he gives you a series of questions to ask your self about potential companies to buy and you give them a score to see if they could be a buy or not. The book is a great book for any beginner's and I recommend it to be read before anyone starts jumping into penny stocks. This book is about 20 years old though, so times have changed how promoters work, most pump and dumps now are down through massage emails and subscriptions to "stock tips" as they call it. The information age is changing everything, but this book is still useful for learning how to profit of penny stocks and promoters today,

Thanks for reading! Feel free to take a look at more of our blogs by clicking below! 

The face to the name
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Wednesday 13 May 2015

My thoughts on Timothy sykes

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about Timothy Sykes and penny stocks. We will be talking about Tim's subscription to his penny stock alerts and about the risk penny stocks have.

 Timothy Sykes is a professional stock trader, who is quite famous for his industry. He has a website, www.profitly.com, which has his subscription as well as a few other traders you can subscribe to. His cost for her real time buying alerts are about 50 dollars a month. The problem is, even if you have this real time alert, by the time he post an alert, which normally takes about two minutes, the price action of his alert normally has made a huge move of 10-15 cents because he buys it right at the break out. For the people that chase this, and get in at this higher price, they hold more risk and are more likely to lose. He does not expect people to chase his alerts, he says they are their so you can learn the patterns he trades. Sometimes, you can manage to get in at the same price though and win big as well, and if you sell when he sells, you may also be missing out on a majority of the up trend. What I've learned from his trade alerts is to evaluate the price action myself instead of selling and buying when he does. He misses out on a lot of price action because of lack of patience which could be a great amount of profit for those who chase the stock getting in 10-15 cents after he gets in. I would not recommend chasing stocks, as I have lost by doing so. I do think his chat room though is worth it though to find stocks that are making big moves or news.

Tim also has video lessons that are hours long, but the cost is very high. I have not spent any money on these videos, because they sell in the multiple hundreds to almost a thousand. He always has them 50 percent off it would seem as a promotion they try to use to sell more, but they are still way to overpriced. One or perhaps multiple have all sales go straight to donation though, which is generous at least. These video lessons may be fairly priced or overpriced due to how small the teachings of penny stock investing is. If more people start producing what Timothy Sykes offers, perhaps the price of his products will go down due to competition. His long term news letter  he has offers stocks that are held for weeks or months, this costs 200 roughly a month, which is quite pricey. I would hope that most of these picks are winners and higher amounts so costumers of this product can manage to profit after his $2400 yearly price.

Penny stocks have great potential to make a lot of money in a short amount of time, but it also works the other way around as well. Its easier to learn than becoming a doctor and also much more rewarding if you choose to stay on this path but the things I dislike about being a stock trader is that you go into the category of a specialist/professional rather then an investor or big business owner. There is less leverage then other investments in this, and higher taxes than those two categories. It still is a great opportunity though currently as we are in a stock bubble or highly active stock market, whichever you would like to call it. Just be careful to learning and start with a small amount. Don't be trading off emotion selling when it starts going down to put you in a lose to see it bottom out a few cents lower then your price you sold it at then shooting up way past your buying price. Good luck to all, thank you for reading.

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The face to the name

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Tuesday 5 May 2015

My thoughts on Robert Kiyosaki

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about the famous financial author, Robert Kiyosaki. I will be letting you know how I feel about him and his educational products.

I have personally ready about 10 books from Robert Kiyosaki, and I have loved them all.as Currently, I am in the middle of reading "Why we want you to be rich" with Donald Trump as an author as well.  I've always wished he had a book that more focused on his story of trial and error to becoming the successful man he is today but he doesn't mention much about it in just one particular book. There is bits and pieces in each of his book mentioning his struggles and success's in the past. He doesn't talk about any particular way to make money, saying that the stock market is the way to make money, or real estate is the way to go. He understands there is money to be made in any market, any day. You can become rich off the stock market, Real estate market, business, and everything else. He doesn't tell you what to do, or focus on how to get rich. Instead, he focus's on explaining its your why that counts more than your how because your why will push you to find your how. Every ones how will be different because we all have interests in different things. He teaches you about cash flow, and cash flow quadrant. He also educates you about business, and some real estate. Over all, he is my favourite author at the moment. The only thing I dislike about him is how he mentions the Rich dad Poor dad story quite frequently in his books, which if you've read more than one of his books, you'll be reading previously read paragraphs again. I recommend you read his books, and also play his cash flow game. The game is great game and you can play online for free on his website.
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The face to the name


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What it takes to become rich

Hey everyone, and welcome to another blog by My journey to the millions. Today's blog will be about what it takes to be rich. Its not always easy but you got to push through to become successful and make your goals manifest.

For those on their path to becoming rich, you've probably been working hard, and smart. You've probably been searching for different ways, and different ideas to get you to your goal. you probably realized getting rich isn't easy but I'm sure you know its worth it. There are millons of ways to become rich, every thing you look at provides an opportunity to creat wealth beyond your imagination. Whatever path you may choose to take to create your dream has a similar forumla as any other path to get the success you truly want. In order to achieve success, the saying you must see it to believe it is true. You must see your dreams and goals in your mind before it can manifest. The time limit for how long it will take before you accomplish what you want is always unknown but setting goal dates will help you accomplish your dreams and goals much faster. If you truly want to be rich, you can not give up ever. Chances are you will fail mutiple times but your not truly failing until you choose to give up permnately. Even if  you quit your current idea to try something new to become rich, you start back at step one and have to start that progress all over. You need to make sure whatever it is your using as a vehicle to get rich is something you love to do, even if you don't see the results you want as soon as you would like. You can't be lazy, you must read, study, learn and work harder than those who already have what you want. Successful people dont like to sleep, and they are willing to work 12 hours days, 7 days a week. Even when times are hard, keep pushing. You must  want to win. You will regret it for your entire life if you give up. Sometimes you may have to take a leap of faith. I can promise you if you never give up, you will be thankful for the life you create for yourself. Good luck to all and work hard everybody.

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The face to the name

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