Top 10 Myths Of Canadian Home Ownership – Exposed

Top10MythsExposed_CoverPic-25Feb16

“The Top 10 Myths Of Canadian Home Ownership” [Video]

Because of this video I was interviewed recently by Marla McAlpine, (from healthywallet.com/) a well known Canadian personality in the financial services industry.

I guarantee that this call will forever change the way that you will look at your current mortgage, debts, RRSPs and investments ever again!

Listen to the interview AND get your FREE report!

“The Top 10 Myths Of Canadian Home Ownership – Exposed”

Marla McAlpine
Marla McAlpine

Interviews

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Mark Huber, CFP
“The Top 10 Myths Of Canadian home Ownership – Exposed”

Step 1: Click below to listen in streaming audio…

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Step 2: Click the link below to download your FREE copy of:

“The Top 10 Myths Of Canadian home Ownership – Exposed”
(just ‘right click’ and ‘save link as’ to your computer)

When you immediately get your copy of this powerful material you can refer to it anytime at your convenience!

Enjoy with our compliments!

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Did you enjoy the interview and grab your FREE report?

If you had any trouble just drop us a quick note at

successonthefly (AT) gmail.com (replace the (AT) with @
(we do this to combat SPAM)

OR call Mark at:
604-880-1972

Step 3: Read below to see why Marla and I decided to do the interview…

Most financial (and personal) problems are caused because of debt!

Here’s the deal! If you don’t spend your earnings carefully, even a six-figure salary won’t safeguard you from money troubles.

Remember: It’s not how much you make, but what you do with the money you have that counts…

So to begin, here’s a quick story: I have a family friend who earned several hundred thousand dollars a year as a specialist in an advanced field. He went bankrupt a few years ago and will probably need to work for the rest of his life. I know another who never earned more than $50,000 a year but retired comfortably on his own terms.

The only real difference between these two friends is that one used debt to live beyond his means while the other avoided it and accepted a realistic standard of living.

Just as saving gives you options in the future, debt takes options away.

Not having the option of flexibility is the root of most financial problems. You can be a brilliant worker (or investor) and find yourself in financial ruin if you don’t respect the power of debt.

Income, wealth and standard of living aren’t as correlated as most people think…

Whether you make a modest living or bring in millions, you’ll always do well if you live below your means, save the difference, invest it wisely, and wait patiently.

It’s pretty basic advice, but usually simple is better than smart!

The some statistics of debt:

The ‘average Canadian’ (non mortgage debt) is $13,141 (way low! in my experience)

34% of Canadians feel anxious about their debt

40% of Canadians feel comfortable about their debt. (I say ‘complacent’ because they are meeting their monthly payment obligations.)

Money problems don’t just strain our bank accounts. They strain our relationships!

Money problems are still one of the top reasons for divorce. (I’ve even seen money problems affect people’s health.)

So when I help people learn how to increase their financial security, I find I’m often helping them in other, more important ways, too.

It all comes down to the proper management of cash flow

The #1 secret of the rich?

Spend less than you make and invest the difference in tax advantaged ways!

In today’s “finance everything” world – how you think about and use debt is the foundation to your financial success…

“Keeping up with the Joneses…” syndrome

‘Appear Rich’ and the ‘Gonnabe Rich.’

Most people say they wannabe rich, but they generally only focus on appearing rich.

They don’t have the attitudes and behaviors that produce real financial security and independence.

It all comes down to debt and how each of us handle it!

So now, to the basics: There are only 2 two types of debt

‘Good debt’ and ‘bad debt’!

Debt cuts 2 Ways:

It bleeds you

Or

It feeds you

Unfortunately, the most common type is ‘bad debt’. ‘Bad debt’ is created then one borrows to buy something (generally using credit cards and/or a line of credit) that drops in value (either immediately or over time) and often at expensive interest rates – and where the interest is ‘non-tax deductible’. (Examples: cars, TVs, consumer products, clothing, vacations, etc…)

Bad debt is guaranteed to make you poorer.

Bad debt – cannot ‘write off’ the interest associated with the purchase.

On the other hand!

‘Good debt’ is when you borrow to invest in something that should create more value than when first purchased and make you richer in the long run…

One of the advantages of ‘good debt’ is that borrowing to invest in something that can produce growth and taxable income is generally tax deductible.

So with good debt you can write off the interest costs associated with the purchase

To build wealth, the rich focus on two things when investing: how can their money grow more quickly, and what are the ‘after-tax’ results.

That’s why when the wealthy borrow, it’s generally at a low, tax deductible interest rate to invest in a business, the stock market, or real estate.

Think Donald Trump!

He became a multi-billionaire by buying properties, mostly with borrowed money. The rental income produced some profit. But the bigger part of his wealth came from investing a little of his own money, borrowing the rest, and watching the value of his properties increase over time

So, to summarize:

To turn your financial world around and to begin creating real and lasting wealth – do the following:

1. Pay cash for depreciating assets (cars, TVs, vacations)

2. Borrow for appreciating assets (rental properties, businesses, investments)

Most Canadians get this wrong!

They borrow for depreciating assets THEN pay cash for appreciating assets (investments, RRSPs, etc.)

Why?

Because they are dealing with their mortgage all wrong and this sets them up for all sorts of difficulties in other financial areas of their life!

If you are interested in discovering how to pay off your Canadian mortgage faster by ‘transferring bad debt – to good debt’ and creating tax deductions you never thought possible – you owe it to yourself to

check out: “How To To Get Rid Of Your Mortgage And Create Wealth The UnCanadian Way”

How To Get Rid Of Your Canadian Mortgage Fast – The Numbers That Shock and Awe (Video)

How To Get Rid Of Your Canadian Mortgage Fast – The Numbers That Shock and Awe!


Did You Know?

That to pay off a $200,000 mortgage

You need to earn a total of $700,402!

Of which, $280,161 goes to income taxes

Leaving you with $420,241

Of which you will pay over $220,241 in bank interest!!

To pay off your $200,000 mortgage – in 25 years!?

So, if you are unhappy with your banks solution to pay off your mortgage faster.

You owe it to yourself to check out “To How To Get Rid Of your Mortgage And Create Wealth The UnCanadian Way”

This robust report and bonus materials will open your eyes to what other Canadians are happily and successfully doing to pay off their mortgage faster…

If you want to discover for yourself how to keep more of your hard earned money in your pockets – and not the banks; create more tax deductions and pay off your mortgage much sooner than you ever dreamed possible.

Make sure to check out “To How To Get Rid Of your Mortgage And Create Wealth The UnCanadian Way” today!

Most financial problems are caused by debt

It’s not how much you make, but what you do with the money you have that counts…

Most financial problems are caused by debt!

If you don’t spend your earnings carefully, even a six-figure salary won’t safeguard you from money troubles.

I have a family friend who earned several hundred thousand dollars a year as a specialist in an advanced field. He went bankrupt a few years ago and will probably need to work for the rest of his life. I know another who never earned more than $50,000 a year but retired comfortably on his own terms.

The only real difference between these two friends is that one used debt to live beyond his means while the other avoided it and accepted a realistic standard of living.

Just as saving gives you options in the future, debt takes options away.

Not having the option of flexibility is the root of most financial problems. You can be a brilliant worker (or investor) and find yourself in financial ruin if you don’t respect the power of debt.

Income, wealth, and standard of living aren’t as correlated as people think.

Whether you make a modest living or bring in millions, you’ll always do well if you live below your means, save the difference, invest it wisely, and wait patiently.

It’s pretty basic advice, but usually simple is better than smart!

The statistics of debt:

Average Canadian (non mortgage debt) is $13,141

34% of Canadians feel anxious about their debt

40% of Canadians feel comfortable about their debt. (I say complacent. They are meeting their monthly payment obligations.)

Money problems don’t just strain our bank accounts. They strain our relationships.

They’re still cited as one of the top reasons for divorce. I’ve even seen money problems affect people’s health.

So when I help people learn how to increase their financial security, I find I’m often helping them in other, more important ways, too.”

It all comes down to the proper management of cash flow

The #1 secret of the rich?

Spend less than you make and invest the difference in tax advantaged ways!

In today’s “finance everything” world – how you think about and use debt is the foundation to your financial success…”

“Keeping up with the Joneses…” syndrome

‘Appear Rich’ and the ‘Gonnabe Rich.’

Most people say they wannabe rich, but they generally only focus on appearing rich.

They don’t have the attitudes and behaviours that produce real financial security and independence.

It all comes down to debt and how each of us handle it!

There are fundamentally two types of debt

Good debt and bad debt.

Debt cuts 2 Ways:

It bleeds you

Or

It feeds you

Unfortunately, the most common type is bad debt, which is personal borrowing to buy something that drops in value, often at expensive interest rates.

Bad debt is guaranteed to make you poorer.

Bad debt – cannot write off the interest associated with the purchase.

Good debt is when you borrow to invest in something that should make you richer in the long run.

One of the advantages of good debt is that borrowing to invest in something that can produce taxable income is generally tax deductible.

So with good debt you can write off the interest associated with the purchase

To build wealth, the rich focus on two things when investing: how can their money grow more quickly, and what are the after-tax results.

That’s why when the wealthy borrow, it’s generally at a low, tax deductible interest rate to invest in a business, the stock market, or real estate.

Think Donald Trump.

He became a multi-billionaire by buying properties, mostly with borrowed money. The rental income produced some profit. But the bigger part of his wealth came from investing a little of his own money, borrowing the rest, and watching the value of his properties increase over time

So, to summarize:

Pay cash for depreciating assets (cars, tvs, vacations)

Borrow for appreciating assets (rental properties, businesses, stock and bond investments)

Most Canadians get this wrong!

They borrow for depreciating assets

They pay cash for appreciating assets (investments, RRSPs, etc.)

Why?

Because they are dealing with their mortgage all wrong and this sets them up for all sorts of difficulties all other financial areas of their life!

I was interviewed recently by Marla McAlpine, (from healthywallet.com/) a well known personality in the financial services industry.

You may be interested in listening into the call…

It’s called: “The Top 10 Myths Of Canadian Home Ownership – Exposed”
Marla McAlpine
Marla McAlpine
Interviews
markhuber_pic-100X100

 

 

 

Mark Huber, CFP
“The Top 10 Myths Of Canadian home Ownership – Exposed”

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.


Click above to listen in streaming audio…
Enjoy!!

How To Avoid A New Years Financial Hangover

I wanted to take a moment and talk about how to avoid a new years financial hangover…

Regardless of the holiday you celebrate this season, it is bound to be a mix of joy and energy drain… not to mention a hit to your wallet!

Just sit back and think about what would make this holiday season the best ever for you and your loved ones.

Hint: It’s not how many presents you buy or how much money you spend.

It’s about the experiences you create and the memories you build by spending quality time with your loved ones.

Are there great things you can plan with your family and friends that cost little or no money?

How about a game night with your family while sipping hot chocolate?

Roasting marshmallows or, better yet, making S’Mores using the fireplace?

What about family night with a great movie and some popcorn while you all huddle on the couch?

There’s always outdoor skating or tobogganing if you live cooler climes, or maybe Frisbee or touch football if you live in warmer areas.

However you choose to spend the holidays, remember it’s about the memories, not the mounds of presents!

Your loved ones will thank you for the gift of your time, attention and love this holiday season, and your wallet will get a well-deserved break.

Now, does this describe you?

You’re a smart cookie, but can’t quite get a handle on your money

You earn a decent income, yet your debt remains constant (or is growing)

You are moving forward in life, but your money isn’t…

You Are Not Alone!

Do Not Miss!

Join Marla Mac on Wednesday, December 11 at 5pm Pacific (8pm Eastern) for a FREE webinar:

“From Money Mess to Financially Fabulous:
3 Keys to Stop the Debt Cycle for Good and Keep More Money in the Bank!”

To register for FREE and get more details, go to http://www.FinFabWebinar.com (replay available to registrants)

Here’s to making great things happen!

Happy holidays!

Cheers!

Mark Huber

PS: Words to Live By

”You must gain control over your money or the lack of it will forever control you.”
— Dave Ramsey

How Much Will A New TV Cost Buying On Credit

How Much Will My New TV Cost Buying On Credit?

Probably much more than you should be paying or can afford according to this Infographic!

Payoff Your TV With Credit

Back to you!

Are you comfortable with how you use your credit cards?