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.



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








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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.


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




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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.




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

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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.



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


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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.



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

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