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04/28/2025

05/03/2023

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BIG WEEK AHEAD, as I start recording the audiobook narration with Sonic Studios for my third book: 𝗙𝗜𝗡𝗗𝗜𝗡𝗚 𝗬𝗢𝗨𝗥 𝗣𝗔𝗦𝗦𝗜𝗢𝗡, 𝗟𝗜𝗩𝗜𝗡𝗚 𝗧𝗛𝗘 𝗗𝗥𝗘𝗔𝗠.

Both the audiobook and hard copy version are scheduled for release in July 2023. What do you think about the title?

04/16/2021

What is Cashflow? Basically Money In, Money Out

How much you earn determines how much you spend.

How do we determine where the money goes? We have obligations, needs & wants. Do you know how much you need to meet these expenses?

What about Debt? What type of debt do you have? How much debt do you have? Is it good debt? (borrow to invest and earn an income) Or is it bad debt? (borrow to consume or to spend on stuff that depreciates in value or wears out) Who is helping you best manage your debt? (Who do you go to for advice on the proper use of debt?

Why do you spend the way you do? What is the motivator? Are you an impulse spender? Do you have a budget? Or do you have a spending plan?

Do you know the difference between Working Cash Flow and Active Cash Flow?

Who do you go to for help to regain control over your cashflow? I would like to suggest that it’s not the current institutions who are currently in control of it. Who would that be? Canada Revenue Agency, Banks, Insurance Companies, Wayfair, Amazon, Credit Card Companies, Walmart, Best Buy, EBay?

You can earn more money. You can spend less money. You can keep more of what you earn. You can save your money.

Every dollar you spend should be a conscious decision. Credit cards and debit cards make this hard to achieve. Listen up. You will learn something today that you may not have heard before.

What is Cashflow? Basically Money In, Money Out How much you earn determines how much you spend. How do we determine where the money goes? We have obligations, needs & wants. Do you know how much you need to meet these expenses? What about Debt? What type of debt do you have? How much debt do you ha...

04/02/2021

What happens when you base your retirement plans on things that are out of your control? In this podcast episode (in video form) we discuss the importance of regaining control over your cash flow, debt unification & debt reduction strategies, Crypto opportunities, real estate and home ownership, access to cash or capital, emergency savings and how wealth is created. A lot of different angles to look at!

04/02/2021

“If you continue to think the way you have always thought, you will continue to get what you have always got.” How has that been working for you?

In this episode, we discuss the importance of regaining control over your cash flow, debt unification & debt reduction strategies, Crypto opportunities, real estate and home ownership, access to cash or capital, emergency savings and how wealth is created.
Here's the link:

“If you continue to think the way you have always thought, you will continue to get what you have always got.” How has that been working for you? If you discovered something that was no longer true, when would you want to know the truth? In this episode, we discuss the importance of regaining co...

03/24/2021

What can we do to protect ourselves from the continual devaluing of the Canadian dollar? The past year of the government aid to the Canadian people has brought a HUGE devaluation of the dollar as compared to other years. What does this mean for us? What does it mean for our grandchildren? How can we, as everyday citizens, mitigate our risk against what is happening and the decisions being made by our government? This episode goes over some of the options we have, some of the actions we can take, and what to work towards in the future.

What can we do to protect ourselves from the continual devaluing of the Canadian dollar? The past year of the government aid to the Canadian people has brought a HUGE devaluation of the dollar as compared to other years. What does this mean for us? What does it mean for our grandchildren? How can we...

03/16/2021

It's here! Our first episode of Season 2 of the Mind Wealth Podcast: Crypto! This episode is all about Cryptocurrencies and what we might want to consider when it comes to our use of them.
http://mycustombank.com/crypto-how-is-it-good-or-bad/

AND, we've recorded this session in video format as well, so you can listen and watch...or just listen :-)

What do we say about cryptocurrencies? Well, there is a lot out there about it and a lot of people who will sing it’s praises to the rooftops. For the most part, we are talking in this episode about the technology relating to currencies (and not about it’s other uses). What are the pros and cons...

01/22/2021

We did some chatting today for a few hours about current topics and issues that are top of mind. Very enjoyable.

Season 2 of the Mind Wealth Podcast, coming soon!

01/22/2021

Season 2 of the Mind Wealth Podcast, coming soon!

01/21/2020

This episode goes over a real world example of a chiropractor that we know that was really paying quite a lot in taxes when he didn't need to. Some of the main points that we go over include:

✅ In general, business owners should not be paying themselves as employees.

✅ For everyone (business owners and employees), it is possible to pay for your extra medical expenses with pre-tax dollars so that you don't have to pay income taxes on the money you spend on you and your families medical expenses.

✅ For business owners, some types of insurance that you are paying for can actually be paid for by the business with pre-tax dollars.

✅ We also go over how there are some scenarios where business owners SHOULD pay themselves as employees if there is a justifiable reason to do so.

✅ RRSP money is some of the most expensive money you can ever use if you need to access it before retirement for whatever reason.

✅ Tax brackets have only ever gone up, so don't expect to be in a lower tax bracket when you retire because it might not be the case.

Our True Wealth Workshop is at http://mycustombank.com

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‎Show Mind Wealth Podcast, Ep Don't pay yourself as an employee and don't pay income taxes on your medical expenses - Sep 11, 2019