Millennial Investing and Making it All Happen on the On Fire Podcast

Sarah was interviewed on the On Fire Podcast with Matt McKeever and Kellan Panniccia

 link to the On FIRE (Financial Independence, Retire Early website 

Here is a link to the interview – click here

Young voices from the housing market: “Our financial life centres around the costs of our home…”

A lot of millennials are disgruntled about their economic situation, a recent poll showed. To find out more, The Globe & Mail asked young adult readers to talk about their work experience, their housing situation and what makes them angry and hopeful. You can read what they had to say by clicking here or copy and paste https://www.theglobeandmail.com/investing/personal-finance/gen-y-money/article-young-voices-from-the-housing-market-our-financial-life-centers/

I find it unfortunate that we keep portraying millennials as a generation that is less fortunate than the others were prior. There are different opportunities and challenges today like there were 30 years ago and 30 years prior to that. As the time evolves, we need to adapt and come up with different solutions to the new problems we face.

Some have realized that creating more than one source of income is the way to go and some are still living and thinking like their parents and following their parent’s outdated advice of going to school and getting a safe secure job for the most part. In this new economy, we should be looking at creating different sources of income in addition to our jobs. One huge advantage we have that the generation prior didn’t is access to information online. So much can be done with the internet that would not have been possible then.

As for housing, it is more expensive just like it will be even more expensive in 10 years from now. Taxes will also be higher than they are today. Let’s stop complaining about it and take action on buying investment properties that cash flow to offset our own cost of living instead. I am still baffled that so many people think they need to buy their own house to live in before but they can’t afford it. Look outside of any major city and buy something for half the price, rent it out and ensure its cash flows. The mortgage pays down over 10 years and perhaps some appreciation will allow you to save much faster and more efficiently for buying your residential property in the future.

Click the button below to download my free report – “The 10 Questions Millennials Always Ask Me About Real Estate Investing”

DOWNLOAD NOW!

Successful Women and Real Estate Investing on the Fempreneurs Podcast

Sarah was interviewed on the Fempreneurs Podcast with Elaine Slatter – here is a link to Elaine’s website 

Here is the link to the interview – click here

Canadians Investing in the USA the Differences You Need to Know & Understand with Omar Khan

Canadians Investing in the USA with OMAR KHAN

Today’s Guest:

Omar is a successful investor with 10+ years of experience in real estate investing, raising capital, buying multifamily investments, and in syndications. With a history and preference towards Commercial Real Estate Investing, Omar has become an active and successful Canadian investor now living in Texas.

Episode Highlights:

  • Learn about investing in the USA
  • Learn about the main differences between Canadian and US Real Estate Investing  
  • What do Canadians need to know before they invest abroad 
  • Understand the factors to consider before investing in American Real Estate 
  • What are some of the misconceptions we hear about that we can’t or shouldn’t do as Canadians (such as 1031 exchanges, LLCs etc.)
  • What are some of the best ways for Canadians to Invest their money in the USA
  • Storage and Mobile-home investing
  • How to get a team on the street while living in another country
  • Learn about syndications 

Contact Information:

For more information, visit www.boardwalkwealth.com

Email Omar at omar@boardwalkwealth.com or call him directly at (214) 727-8643

Battle of the Sexes: How Millennials’ Financial Attitudes, Habits Differ by Gender

 

PNC Investments released findings from their 2018 Millennials & Investing Survey

Among respondents, female millennials report having saved an average of $66,700 for retirement compared to the $101,500 male millennials have saved

19 percent of female millennials and 36 percent of male millennials say they have a solid understanding of how to successfully invest their money

Male millennials place a higher premium on alternative investments (i.e., cryptocurrencies) to help them retire successfully

You can see the full infographic and report by clicking here or copy and paste
https://www.prnewswire.com/news-releases/battle-of-the-sexes-how-millennials-financial-attitudes-habits-differ-by-gender-300664862.html

This is a very interesting article that shows that even though we are in 2018 there are gender differences when it comes to financial knowledge and investing habits. Women, including millennial women, are not as much risk takers when it comes to investing so they will save or invest more conservatively. However, with time on our side, this is the time to look for investment opportunities that are geared towards growth as we are able to absorb market downturns by holding on for the longer term. A market dip will not affect us as much as a baby boomer retiring in the next couple years. 

It is important that as a millennial man or woman, we look for the growth opportunities rather than being too conservative as we have the compounding effect on our side.

For example if you were to invest $10,000 today and not put in another dollar and wait 20 years here is what you would have:

Very Conservative/ GIC type of fund 1.5% = $13,469
Conservative fund mutual fund 3% = $18.061
Stock market balanced growth fund at 8% = $46,610
Growth fund at 10% = $67,275

As you can see being too conservative overtime will have a detrimental effect on your retirement plan.

Also, a very important thing to note is that fund fees and management fees can negatively impact your progress over time in the same way. In Canada, we pay ridiculously high fees.

Mentor Tip: Always ask how much the fund fee is as you may realize that you are losing most if not all of your money to the financial advisor you are paying that is pocketing this in commissions. And then factoring that each year inflation absorbs 2-3%of our return, going to conservative results in your dollars shrinking.  Over 20 years, a 2.5% fee will cost you $16,386! Reducing it by 1.5% to 1% or less by buying an ETF (exchange-traded fund) or the index, for example, can save you $4,184 in 20 years. And the more money you start with the more money you can lose to these fees.

It’s unfortunate that many don’t realize this until they are ready to retire. So as we are still young and have time on our side, let’s invest wisely now so that we can reap the rewards later on.

Click the button below to download my free report – “The 10 Questions Millennials Always Ask Me About Real Estate Investing”

DOWNLOAD NOW!

Using the BRRR Method to Create $100k Equity on the Best Ever Podcast

Sarah was interviewed on the Best Ever Podcast #BestEverShow with Joe Fairless – here is a link to Joe’s website

Here is a link to the interview – click here

Why You Need a Paralegal For Investing with Wenda Allicock

 

In this episode, Sarah speaks with her very own paralegal Wenda Allicock.

Today’s Guest:

Wenda worked as a property manager before becoming a successful licensed paralegal specializing in Landlord and Tenant Law. She’s also a real estate investor in Brantford and a landlord.

Episode Highlights:

  • Why work with a Paralegal?
  • Learn about the recent changes you need to be aware of as a Landlord.
  • Learn about the New Standard Lease Agreement.
  • Hear about other important regulations and forms
  • Hear about the potential legalization of marijuana and how can landlords can protect their rights

Contact Information:

For more information, visit  http://www.wendaallicock.com

Wenda can also be contacted directly at (519) 751-8624

How I Built a Million $ Portfolio in Under 5 Years on the Well-Off Podcast

Recently I was interviewed about my story on The Well-Off Podcast podcast with host George El Masri – here is a link to Georges website

 

How to Get Your Millennial Off Your Couch and Into Their Own Home

A recent article in the National Post; “Millennials’ prolonged stay at Parents Inn is having a profound impact on housing markets – but the desire to own a home remains strong” got me thinking that there is already a workable solution to this.

There is no denying this is a very real and very true issue. Millennials are living at home for longer than before, and parents are feeling the pressure financially to take care of their grown kids as well as prepare for their own retirement.
In my opinion, the issue could be partly alleviated by some additional planning and out of the box thinking ahead of time.
For example, I have a few investor friends with kids and as soon as their kids were born or were very young, they bought them a house instead of putting money aside in an RESP.  It can be a less expensive investment house outside of the main city, perhaps near a university town an hour or 2 away from a major city.
When your child is 18 and ready for post-secondary school, the house has not only been paid down by more than 1/2 but it has appreciated about 4% a year! Your young adult child now has the ability to use the equity towards a university degree or move into the house or even sell it and use it as a downpayment on another house. There are just so many more options than you would ever have with an RESP.
Let’s look into it in more detail so that when you have kids of your own you can plan to not have them live with you until they are in their thirties:
Buy a house for $250,000, downpayment and closing costs of approximately $60k. (Yes I know, it’s a lot but maybe as a parent, you already own a house and can use the equity in your primary residence to get the downpayment together). After 18 years you will owe only $108,882 on the mortgage and the value of the house will be a whopping $506,454!!
There are now endless possibilities, so break the cycle and think outside the box.
For now, the issue of millennials still living at home exists and will continue to exist but I believe one day you can get yourself out of being one of these stats and do the same thing for your future kids.

 

The Pros & Cons of Rent to Own Investing with Alfonso Salemi

 

Episode 16 – Alfonso Salemi

Are you a real estate investor looking to sharpen your skills? Or a newbie looking for your first investment? You’ve come to the right place! Join host Sarah Larbi for a journey into the world of Canadian real estate investing. In this episode, Sarah interviews Alfonso Salemi to discuss Rent to Own strategies.

Today’s Guest:

Alfonso Salemi was working a J.O.B (which stands for Job also known as Just Over Broke) when he realized that he was trading his time for money and spinning his wheels. He then turned to Real Estate Investing and formed JAAG properties with his partner Adam Wissink. Alfonso and Adam now own 50+ properties. The majority being rent to own. However they also have success in regular rentals as well as short term cottage rentals.

Episode Highlights

  • Rent to own tips and strategies
  • How to find joint venture partners and use their money
  • Learn about the advantages and disadvantages of Rent-To-Own vs other types of real estate investing
  • And much more!

Contact Information:

For more information, visit www.jaagproperties.com or send an email to Alfonso at alfonso@jaagproperties.com

Are Millennials Really That Bad With Their Money?

Like the video above there seems to be a lot of news and media about how millennials are at a disadvantage and we have it harder than other generations.

My thoughts are we need to look at our current situation and instead of feeling sorry for ourselves, put in 120% effort to make a change happen. It can take years to do so and many many hours but it is well worth it. We are living in new times where things are more expensive and housing seems to be harder to get than before. There are more items being sold and more marketing pushing us to buy things but let’s have some restraint!

This is the reality of changing times, millennial or not, it is getting harder to spend less and invest more. We need to accept it and work towards making a change for ourselves and understanding our needs vs wants. If we want to afford a house then let’s learn and educate ourselves on how to do this. It is not by thinking about it for a few days or reading a couple books, it takes more work and effort than that.

If you truly dedicate yourself to learning financial literacy, understanding how to invest for the long term, you will be able to defy the odds and not be a statistic.

 

The Canadian Real Estate Investing Landscape – 25 Years of Research and Analysis with Don Campbell

Episode 15 – Don Campbell

Are you a real estate investor looking to sharpen your skills? Or a newbie looking for your first investment? You’ve come to the right place! Join host Sarah Larbi for a journey into the world of Canadian real estate investment. In this episode, Sarah speaks with Don Campbell on current real estate trends, top Canadian markets to invest in, and much more! You do not want to miss this one!

Don R. Campbell is a Canadian-based real estate investor, researcher, the best-selling Canadian real estate author in history, author of 8 best sellers and a real estate investment educator. He is the Senior Analyst with the Real Estate Investment Network which has entered its 25th year of providing unbiased research and analysis on Canadian real estate markets.

Don made his first investment in residential real estate in BC’s Fraser Valley back in 1985 and hasn’t looked back since. His portfolio now includes Light Industrial, Residential, Commercial and Agricultural properties across Western Canada.

Don shares his strategies and economic research and he can speak in detail on any market in the country and is not afraid to tell the truth about where the market is headed. Don is a trusted on-air expert in media and his research and systems have allowed him to accurately forecast trends, markets and demographic shifts long before they become mainstream, thus giving his clients a unique, long-term advantage and perspective. He has become the go-to for many media outlets who are looking for unbiased analysis of any real estate market across the country.

Connect with Don Campbell:

http://www.donrcampbell.com

FB: Thereinman

Twitter @donrcampbell