Category: Small Business

A Day Well Lived

06/14/2013

Every single day gives us a new morning. We’ve awakened to a day that is free from mistakes. It’s full of hours and hours of opportunity. Do we fill those hours with doing the same old thing that got us into the state that we’re in
today?
Or do we throw aside some of those old routines and choices and try to work for something a little better in our lives?
Today is a day where you can complete a project that’s been on your mind for a while.

Today is a day when you can learn something new. Today is a day when you can invest the time to build a stronger relationship with someone.
Today is a day when you can set up things to save you time and money later on.
Today is a day to master one real estate strategy and take action...Read More

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Spend On Something Worthwhile

06/06/2013

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As you know I enjoy studying the habits of financially successful people. This allows me to learn from their mistakes and introduce changes into my own life. I read an article about Carlos Slim Helu, one of the richest men in the world with an estimated net worth of $US67 billion. He lives in a modest house he has owned for 30 years and his bedroom is the size of a hotel room. We also know that Warren Buffett has lived in the same 5 bedroom house for 55 years.

These billionaires know one simple fact and live by it: every dollar you don’t spend on something foolish is a dollar you can instead spend on something worthwhile.

What’s something foolish? A food item at the store you don’t really need. A bigger house than you need, which drains property taxes and maintenance and utilities from your pocket. An entertainment item you don’t have time for. The list goes on and on...Read More

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Overwhelmed? Take Time For Perspective

05/30/2013

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It has been a very difficult and stressful week. I was sick for 3 and was unable to put any logical thought into my writing. There have been many, many times over the past several years when I have felt completely overwhelmed by my work as a human resources professional, managing the Thornhill Wealth Forum, writing my book, investing in family and reaching true financial independence.

My big dream is to reach true financial independence.

By that, I mean that I have enough money socked away in relatively stable investments so that the income from those investments provides me with enough for my family to live on regardless of whether I’m actually earning income.

Why is that my goal? It’s not so that I can sit idle. It’s so that I have the freedom to take giant personal risks, like spending several months doing nothing but perfecting a novel or spending a bunch of time laying the groundwork
for a charity or making a real difference to the lives of a few people without having to worry about failure...Read More

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Set Goals That Get You Excited

05/09/2013

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Trying to be continuously motivated is tough. When you don't feel motivated it simply means that the thought of what you are intending to do is not compelling enough for you to move. From my experience this is because of one reason:
The thought of what you plan to do appears too vast in your mind, which creates the feeling which is the opposite to motivation – overwhelm.

What you are planning to do is not associated enough to a compelling outcome. This occurs frequently if the outcome you are working towards is too far into the future. For example, if you set a financial freedom goal of owning 10 real estate investments, do not plan to achieve your goal in 12 months. This is unrealistic, unless you win the lottery...Read More

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Yes, My Wife And I Do Argue About Money

05/02/2013

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I love my wife dearly and respect and value her opinions. But, I really, really don’t like arguing with my wife. Sometimes, though, we disagree about money, investments and financial planning. We see things differently and bring different experiences and thought processes to the table. She is an accountant and works with numbers every day. I work with people and love to manage money. We might be married, but we are two different people...Read More

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Financial Freedom and Passive Income

02/28/2013

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Financial Freedom is inter- twined with passive income. It is difficult to be financially free without having some form of passive income.
So, what is passive income?
Here is my definition:
“Passive income is any income derived from an initial investment of time, money, effort, or ideas without additional input of time, money, effort, or ideas”

So, for example, the cash flow from a real estate investment is a source of passive income. A published book is a source of passive income. A retirement fund can be a source of passive income. Network marketing that involves ethical distribution of funds to all participants (not only to people at the top)can also be a source of
passive income...Read More

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More than a paycheck

05/06/2010

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In today's unpredictable job market and economy, it's smart to think about developing multiple streams of income. Whether starting a side business, becoming a consultant or learning to invest, you can capitalize on your existing skills and time to increase your overall net worth.

Risks and rewards
Any new income source can take years to show even a small return. Consider this conversation a seed in your mind to help you evaluate your options—and build future returns, one year, five years or even 20 years out.

Every investment is a risk. I have started five businesses in the past 10 years—three of which are successful and growing. The other three were learning experiences and, well, costly failures. Do not invest time or money unless you've calculated that you can afford to lose it.

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A Day Well Lived

Spend On Something Worthwhile

Overwhelmed? Take Time For Perspective

Set Goals That Get You Excited

Yes, My Wife And I Do Argue About Money

Financial Freedom and Passive Income

More than a paycheck

Who is TWF?

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