Guide 2 the Grind

First things first… Happy New Year!

We’re kicking things off right for 2023. 

This single most important skill to master in business, and life in general, is creating strong and meaningful relationships. 

Though networking isn’t something you can get a diploma in, some folks seem to possess PHD level abilities in the  cultivation of power connections.


I assure you though, it’s no accident. 

This is a learned and practiced skill. One that’s far too often overlooked. 

Our guest on this episode of “Guide 2 the Grind” is a Master at the art of creating relationships.

I had the good fortune to meet him at an event back in 2016, and thanks to his skills we’ve become friends since. Tom Chenault is one of the most successful network marketers on the planet, with over 1,000,000 distributors in his organization. He hosts the longest running home based business radio show in the world, and has a massive, commanding sphere of influence.

You absolutely need to hear what Tom has to share. 

www.guidetothegrind.com

Right now the media is flooded with all sorts of experts giving their opinion on the market and what’s happening. Some say it’s good, some say the sky is falling. The one thing nobody seems to be talking about though is the psychology behind what's happening. 

Though people generally only think about numbers when they picture the markets in their minds, behind all of those numbers are people, and those people are making choices based on their current psychology. 

I’m talking about behaviour and the thought processes behind that behaviour. 

So what makes someone invest or not invest?

There’s all kinds of sub-categories we could explore, but at the end of the day, it all comes down to fear. See, we like to think that we’re rational and logical beings, but that typically only comes into play once the decision is already made based on emotion. Most people “go with their gut” and justify their choice later based on their view of the facts. (Or at least the story they tell themselves)

Either you fear missing out on an opportunity, or fear losing your money, which is in turn, losing the opportunities that money can afford. 

Your definition of “risk” is the deciding factor. 

And we hope that that risk doesn’t lead to the most self-destructive emotion of all… Regret. 

Have a listen to JT and I on this episode of “Guide 2 the Grind” as we explore some of the behavioural psychology behind investing, and who the right type of investor is to take advantage of current market conditions.

www.guidetothegrind.com

www.guidetothegrind.com

Despite what the media is propagating, there hasn’t been a better time in recent history for first time home buyers to get into the market.

Yes interest rates are higher than they’ve been in well over a decade, but purchase prices have also come down massively. This dichotomy of higher interest and lower pricing means that the affordability has remained the same, but the barrier to entry is significantly lower.

On this episode of the “Guide 2 the Grind”, we’re talking with experts in the Greater Toronto housing market, expert Realtors Belinda Lelli and Suzanne Stephens. 

Their opinion on the state of the market is entirely different from what’s been in the news as of late. You definitely need to hear this engaging conversation. 

www.guidetothegrind.com

Have you ever heard of the concept of “Infinite Banking”?  

I certainly haven’t. That is until we had Russ Morgan of “Wealth Without Wall Street” on the show.  

Russ and his team specialize in the re-education of most folks’ thoughts around money and how they view investing. The strategies are simple, yet revolutionary in their ability to create truly passive income.  

Russ asks, “What percentage of your income today is truly passive? Is it ten percent, fifty percent? It’s only when our passive monthly income is equal to our monthly expenses that we truly become financially free.”  

There’s a ton of value in today’s episode of “Guide 2 the Grind”, with Russ Morgan. 

www.guidetothegrind.com

It’s no secret that we’re in changing times. Economically, socially, and politically the world is pretty darn uncertain right now. The one thing I know however is when the world doesn’t know what’s going to happen next, there’s always opportunity. 

Whenever there’s a downturn in the economy, there’s also problems that need to be solved. And if you’re the one that comes up with the solutions to those problems, there’s a lot of money to be made. After all, any great business is just offering a solution to a problem, or in different terms, fulfilling a need. 

The trick however is being nimble enough to pivot. 

See, real estate is always a good investment long term. The trend has always been upward over a long enough period of time. But in an evolving market, what’s the best real estate strategy to get behind?

Unfortunately there’s no easy answer. The amount of statistics and data needed to understand all of the options available is overwhelming. Where do you even start?

Thankfully there are people and companies out there that specialize in doing all of that leg work. And the one commonality that I see with all of them is that they focus on one strategy and completely master it before moving on to anything else. 

Our guest on this episode of “Guide 2 the Grind” is a Principal at VanWest Partners in Denver, Colorado, an investment fund focused on Self Storage. Jacob Vanderslice is a textbook example of someone that has mastered his niche, knows the metrics inside and out, and truly has his finger on the pulse of the market. You need to hear his POV on where the market is trending. 

www.guidetothegrind.com

www.guidetothegrind.com

For me, today’s topic is one of the most fascinating strategies in real estate. 

If you’ve spent any time researching the world of real estate, you’ve no doubt heard all sorts of gurus talking about buying houses with no money down. I can’t tell you how many times I’ve heard speakers telling folks they can learn their “No Money Down secret at an exclusive 3 day event for the low cost of just $40,000”. 

Hurry while supplies last… insert eyeroll emoji here. 

I always knew it was possible, but had no idea how to go about it. I mean, sure, you can find an investor to JV with you, and flip a home, or BRRR it, but there’s little chance they’re going to do that with someone that has no experience. 

So how do you get started if you don’t have the money or the experience to get in?

It appears that wholesaling may be the answer. 

Our guest on this episode of “Guide 2 the Grind” is Rafael Cortez. Rafael is a real estate broker, and expert wholesaler. He walks us through his system for making on average $20 - $30k on homes that he doesn’t even buy. Have a listen to this master of the wholesaling niche. 

Check out www.guidetothegrind.com

www.guidetothegrind.com

One of the most common objections I hear to why people don’t invest in rental properties is, “I don’t want to fix toilets, or get calls in the middle of the night to change a lightbulb”. 

While repairs and maintenance are a part of the real estate investor’s world, it’s a small price to pay for the ability to control the outcomes of your investment. More importantly, you don’t have to be the person dealing with those things. 

No matter what, you’re going to need people to help you in any real estate investment. So why not build a team, and spend the time up front to make sure you’re surrounded with the right people? 

No more dealing with leaky toilets or lightbulbs. That’s your property manager’s job. 

Our guest on this episode of “Guide 2 the Grind” is Dustin Heiner. Dustin has built a massive real estate investment business by following one simple principle - Set up the business first!

Dustin is full of great energy, and we had a fascinating conversation with him. 

www.guidetothegrind.com

My favourite thing about the real estate world is the mavericks. The outliers that do what others either don’t know about, or are unwilling to do. Today’s guest is the hallmark of such investors.  

I met Jonathan a little over ten years ago. Even though we didn’t do business together right away, he continued to weave in and out of my life over the next decade. (which is appropriate given that his last name is Weaver)  

Fast forward a few years and I ended up working with Jonathan at a mortgage brokerage. The concepts and ideas that I learned from him back then, are what drive my business today. He’s been a pivotal character in the direction of my life, and someone that challenges the way I think every time we speak.  

A few years ago he did the opposite of what everyone else was doing and sold his home in Toronto to buy a trailer park out in the middle of nowhere. Or at least most Torontonians interpretation of it.  

Since then he’s been able to create a monthly cashflow that exceeds what most make in a year, and increase the value of the property more than ten fold!  

You’ll definitely wanna to listen to Jonathan Weaver on this episode of “Guide 2 the Grind”.  

www.guidetothegrind.com

You know, when I was a younger man, I thought insurance was the most boring subject on the planet. I always harkened back to the line in John Prine’s “Illegal Smile”,  “all my friends have become insurance salesmen”. 

But I didn’t truly understand just how powerful the right insurance game plan can be. 

See, making money isn’t just about working hard and hoping to get rich. We’re taught that there’s virtue in hard work, and I’m sure there is, but hard work alone won’t make you wealthy. I know plenty of really hard working guys that are broke. 

It takes a plan and a whole butt load of discipline to break through the income barrier of  “financially free”. Then, once you’ve broken that ceiling, It's about protecting what you have and creating a legacy for the generations that come after you. 

Insurance is the key player in that stratagem.

On this episode of “Guide 2 the Grind” our good friend, Financial Advisor, Melanie (Money Mama) Rousseau is joining us to talk about some of the lesser known, more advanced strategies available in the insurance world. You need to hear what she has to say. 

www.guidetothegrind.com