Ep. 15 Financial struggle / Divorce / Suicidal thoughts interview w/ Clinton Johansson

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Hello, and welcome to the Borealis experience. I'm

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your host Aurora, and I'm very excited to have Clinton with me

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today, we will be talking finances, your financial health

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is so incredibly important when it comes to your relationships,

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but also your own health, your mental health. And this is why I

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want to raise awareness that there are so many people out

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there who have the knowledge and who are willing to help you,

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sometimes even for free, like in this case here with Clinton

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today to make you aware of how to get rid of your debt, on how

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to get a mortgage, and how to be more stable when it comes to

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your finances. And this, in turn, will help you to live a

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more fulfilled life. Hi, Clinton. Here, Hey, are you

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today? I'm doing awesome. I'm very excited to be doing this

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episode with you. Because I know it's very important for people

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to hear your message. And yeah, to learn about what people,

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wonderful people like you are doing out there and supporting

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people with their finances.

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Awesome. Well, yeah, thanks a lot for having me again. This is

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my second episode. So I'm very appreciative. I really like your

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podcast, I've been telling lots of people that they're great.

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And I need to check it out. So yeah, like I said, I'm I'm very

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happy to be here again. And so thanks for having me.

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Yes, thank you for making the time. So let's just jump into

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the most juiciest part of finances. When it comes to debt.

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I think most of us people out there have debt. And how would

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you say? Can debt be aggressive? aggressive? I wanted to say but

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addressed quickly? How can a person feel more stable and

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comfortable when it comes to their debt and trying to Yeah,

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tackle it.

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So I mean, you know, that from one person to another can be you

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know, there's a big difference between them. So sat down with

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someone who was just stressed out with their debt, they didn't

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know what to do. And she only had 15 $100 that she owed, it

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wasn't very much when she was stressed out. And I could tell

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she was very stressed out about it. But I reassured her you

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know, actually, you're actually in a pretty decent situation

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statistics across Canada right now. So, you know, the average

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family is $30,000 in debt. It's probably more than that now. So

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there's, you know, there's a lot of debt problems in Canada. And

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there's just, there's, there's help out there. People don't

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know that there's help or where to look, but there's help, you

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know, whether it's budgeting, you know, trying to show them

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you know where to spend money, we're not to spend money, that's

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great as well. But you know, when it does come down to debt,

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there's different options. So depends on how much debt you

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have, or what you want to do with your debt. But there's a

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lot of different options. You know, bankruptcy, obviously, is

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the last option. You don't want to go that route unless you have

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to, but you know, there's consumer proposals. There's debt

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consolidations, you know, there's loans you can get

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personal loan on, you can even wrap up your more your debt into

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your mortgage, and if you have enough credit, but yeah, there's

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a lot a lot of areas where we can help people adapt. And I've

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been, you know, obviously, the economy here in Alberta, in

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Canada hasn't been the greatest. It's been the worst I've seen

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ever since I've been alive. Um, and yeah, more and more people

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nowadays are reaching out and needing help, because it's

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really, you know, it's a tough situation right now. And I'm

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always happy to help people. And obviously, you know, I sit down

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with people and help them either save money or have more money,

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help them out with their debt, and, you know, changes their

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lives. They're happy about it, they really appreciate it. And

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it also makes me feel good for helping people. That's one of

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the reasons why I do what I do is because you know, financial

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health is important. And it's one way that I can actually give

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back to the community and help out.

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Beautiful. Just for the interview here. We had a little

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chat. We were talking about divorce and how it is very

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difficult for people. Yeah, going, the emotional stress of

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divorce, but then also the financial stress that can be

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enormous. What are the experiences with clients that

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you've made there?

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Yeah, so I mean, obviously, you know, people don't think about

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financial health as a health issue. Of course, it's money,

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you know, people worry about their wage or eating habits, or

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they're exercising all that help, but when people, you know,

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looking at financial health, you know, people that are, are in

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debt, or they're struggling, you know, that causes them stress.

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Stress can, you know, lead to depression, anxiety, you know,

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social disorders, know, a lot of people actually, when they are

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in debt, you know, what changes them as a person, they don't

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feel whole, they don't feel complete. Um, but yeah, and then

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when it comes to marriages, like, I'm not sure the exact

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statistic, but I read recently, somewhere, I think it's like,

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50%. You know, most all marriages in Canada, you know,

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50% of them end up in divorce. And that is a stick. But we've

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been finding, you know, the number one reason why people are

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getting divorced, nowadays is, is due to finances, you know,

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something happens, a guy gets laid off, or, you know, he

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doesn't have work or something, all of a sudden, you know, bills

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aren't getting paid, you know, families not taken care of, and

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it causes stress in the household, you know, there's

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fights, there's all that stuff. So that's, you know, that's kind

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of one area. That's, you know, making divorces, rates go up

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there. And I mean, it's, it's a huge thing, especially today,

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because of the economy. You know, we recently in Alberta had

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the oil crash, you know, a lot of jobs were lost, a lot of

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companies left Alberta, a lot of people were laid off, and in

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return now, because all these people aren't working, you know,

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people aren't spending the same money companies aren't, you

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know, buying stuff. So it affected all industries, such

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as, you know, the construction industry, you know, people like

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I said, and retail and restaurants, you know, no,

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people aren't spending as much money in those areas. So, it's

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affecting all industries. So that's, you know, that's a big

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factor. So yeah, like I said, when it comes to financial

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health, and divorces and stuff like that, you know, finances

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are a big thing. So I mean, I've been following a Alberta Family

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Law page. And I've been seeing a lot of single dads or whatever

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struggling like they're, they're making like $100,000 a year, and

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they're, you know, renting an apartment sitting on a on a polo

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chair, because they have to give all their money to the mom and

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the kids to raise the kids and stuff. I mean, obviously, you

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know, you don't want to your family to go without supplies,

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they need money, meaning no, it's it's not a system that's

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helping people in a lot of people are struggling because of

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it. And, yeah, like it, like I said, that leads to a lot of

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stress. I mean, the I'm not sure if other people know this as

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well, but the suicide rates in men right now are skyrocketing.

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You know, like I say, when people are stressed out, they're

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in debt, they don't know where they're getting money from, but

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everyone's asking him or forcing them to pay the money. They

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don't have it, you know, causes huge stress. And like I say, a

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lot of people are, you know, it's sad. And I see a lot of

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like, single dads were happy people, happy family, man, and

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they will commit suicide because they don't know what to do. So

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obviously, you know, that's something I want to prevent.

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Well there and help people their finances so that they, you know,

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they this, they do see the light at the end of the tunnel. It's

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tough right now, and people just need to understand there's help

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out there. So,

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yeah. Oh, man, I didn't. I mean, I was imagining that mental

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health is strongly being affected about Yeah, through

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COVID and the economy, but I didn't know that there were

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numbers out already. And that is very, very scary.

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So these, these numbers are actually before COVID. So you

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can imagine COVID making everything even worse. I forgot

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to mention that before. But yeah, COVID is the next step

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after the oil crash the recession, the economy crashed,

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and now we have this COVID which is, you know, icing on top of

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it. Right. So yeah, so we would like to set I've been seeing a

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lot of stuff like that. And it's sad, but there's help you know,

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you can reach out there help. There's a lot of advisors out

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there looking to help people and people just, you know, the the

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they aren't getting the help they need or they don't, they

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don't know what's out there. They don't know where to look.

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So

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yeah. And I find it very hard to find people that you can really

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trust because there's lots of scammers out there. You don't

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want to go to your bank because you think they're gonna just do

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it to their advantage. But then the other people that are out

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there pretending to help and then not helping you at all.

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It's it's a jungle out there and it's very scary to To trust

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someone with your money, that's why I'm very happy that we met

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and that I know that the crew behind you is trustworthy. How

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do you get about, like, how do you advise a person when they

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come to you and say, hey, I want to learn how to save money? What

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are the first baby steps that a person can take in order to be

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more stable? In order to address these problems, and instead of

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running away from them?

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Yeah, so it's, I'm glad you brought that up, because there's

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a huge trust issue when it does come to advising. I mean, you go

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to a bank, you think they have your best interests at heart,

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but they don't, you know, their, their, their main job is to make

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the bank money. So they're, you know, they're selling you

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credit, they're selling you things that might not even help

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you, they're probably, you know, helping you get into that. So,

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it's a great thing that you brought that up, because that's

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the first place people go is banks. But you know, there are

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there are people out there that work for companies, and they're

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being pressured by their managers to know, sell, sell,

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sell. So I mean, you're right, you know, trust is a huge thing,

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just because a person's helping you say, getting the life

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insurance or investments, you know, they're out there to, you

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know, they're there to make money for themselves. So you do

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see a lot of, you know, pushy people, salesmen and trying to,

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you know, take advantage of people. So, it's, it's a big

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factor, you got to trust the adviser you sit down with. So

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that's why, you know, you want to make sure you're, you're

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sitting with a nice and friendly person who's very transparent

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and open. And he's actually, you know, he cares about you, he

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wants to make your life better. So that's awesome. You bring

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that up? And then second point. So yeah, like, what can people

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do? So first off, it's kind of like, it's like, it's very

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similar to your mental health, your physical health, you know,

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first of all, you need to identify what the problem is. So

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the first thing is, what, why am I in debt. So the first thing

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you can look at is, you know, take a look at where your

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money's going, no create, first of all, like, you need to track

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what you're spending your money on. And then that way, that

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creates a baseline a starting point, okay? Okay, I'm spending

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money here, here. And here. So this is where budgeting comes

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into play. You know, okay, well, I'm spending a whole bunch of

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money on you know, liquor and booze or cigarettes, and money,

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you know, for food, and here and there, you know, diode all the

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time. So now you know where your money is going, you can make a

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plan to cut certain things out. So that's the first step, the

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second step is even harder. So once you know you know, what

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you're spending your money on, and what you know, what you need

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to cut out and stuff like that. Now you have to create a budget

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and follow it. Because you know, a lot of people realize, Oh, I

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spent too much money here, there. But they never put a plan

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in place, or they don't think about it later on, it just they

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keep going back to their same routine. So that's why you know,

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writing it down, making sure you see where your money's being

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spent it what you spend your money on, then then once you

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identify the areas where you need to cut back, then you can

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create a budget, but then you have to be disciplined, you have

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to follow that budget. So I mean, a lot of people use life

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coaches, or, you know, financial advisors, just to say, Hey, you

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know, I have this much money, what should I do with it, you

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know, obviously, we're gonna say you make sure your family is

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taken care of your bills are paid first, you know, your food

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bought. And so you want to prioritize things and make sure

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you're spending your money, the right amount, the right places.

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So that, you know, that comes down to like I said, discipline,

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you want to make sure all these things are dealt with. And then

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the last thing you want to look at is okay, now you have extra

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money, then what can I do with it? So, yeah, all that good

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stuff.

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And when it comes to investing, so now we looked at, okay, where

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is your money being spent? Where can you be a little more

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careful? Where can you cut back? And with the little bit of money

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that you have? would you advise that people who just struggled

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recently that they think of investing that money? Or is it

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safe to just keep it on the savings account and to wait

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until you have more saved up? Do you know what I'm Yeah,

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yeah, so that's a good question as well. I mean, there's a lot

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of areas where you can invest your money so first off, you

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need to get kind of educated on what options are out there. So

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obviously, the first place a person is going to go to is a

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bank you know, savings account because they think it's the most

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secure places, you know, there's there's just better options in

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the bank. So I mean, you put your savings account at a bank,

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you know, high interest savings account, you're probably getting

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a quarter of a percent growth, which isn't much. So I mean,

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people there's there's a rule out there called the rule of 72

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It's the rule of compound growth, it was brought up by, it

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was actually designed by Albert Einstein, he was gonna call it

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the eighth wonder of the world. But anyways, the way it works is

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you take your annual rate of return kick, the number 72,

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divided by your annual rate of return, and that will tell you

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how much your money doubles. So obviously, if your your money's

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in a savings account at a bank growing at a quarter of a

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percent, I'm not sure exactly what they think it's, you know,

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it's probably like, one or 200 years before your money will

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double right. So there are better options out there.

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myself, you know, I can set up tax free savings accounts,

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getting a DC portfolio is doing five to like 12% rates of

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return. So first of all, you need to know your options. I

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mean, obviously, there's another way to invest is trading A lot

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of you know, trading starting to get really popular, but people

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are not aware of that is very risky, you know, you can

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actually lose most of your money when it comes to trades, if you

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don't know what you're doing, or you don't manage your money

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properly. You know, things can happen, and you can lose your

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money quick. So you know, first off, you want to find someone

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that's, you know, very knowledgeable in investing area,

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and you want to make sure that you're investing in a nice safe

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place, but you're also getting good returns, because what's the

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point of saving money if it's not growing? So one thing I

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wanted to talk about is inflation, like, because of our

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economy right now, is not doing very well, people are getting

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laid off, no one's getting more money, they're getting less

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money, but cost of living is going up every year. So we're

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there's a huge problem with that alone. But I mean, if your money

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is not growing more than 3%, to stay on par of that inflation,

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your money is not necessarily growing, it's actually shrinking

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it dying, right. So you want to make sure that you're you're

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talking to an advisor, you want to look at some a lot of

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different options, the ones that best fit your needs. So we

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actually have a statistic across Canada, you know, sitting with

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an advisor talking with an advisor, you'll probably have

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five times more money in retirement. So there's lots of

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you know, there's lots of areas to invest, a lot of them have

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different risk tolerances with them. But you just need to find

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which one meets your needs, you know, to be risky investors who

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are okay to take those big, no gains and losses, hopefully

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getting those good returns. But then there's some people who are

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very conservative and like, they don't like seeing ups and downs

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in the markets, they just want to see a steady up. So you can

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look at, you know, guaranteed interest accounts, gi C's, stuff

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like that. So like I said, it just depends on what type of

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person you are, what your tolerance is. And then but

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sitting with an advisor, they can show you all those options,

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and then we can find a vehicle that helps meet your needs.

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Yeah. Awesome. What would you say is the minimum amount you

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need in order to start investing? Like just very, very

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plain answer if it's $100? Or no, it has to be over $1,000?

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What What is the amount where you would say no, that's

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realistic to start investing.

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Okay, so that's a very interesting point you bring up

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so obviously, like I said, today's economy is not very

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well, you know, people are struggling. Yeah. So, statistics

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show in the 1980s and 1990s, people were saving about 18% of

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their saving their money into savings. Nowadays, that's more

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like 3% so there's a huge, huge decrease there. You know, on

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average, when we sit down with a client, I sit down with clients,

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we say, as a rule of thumb, it's good to invest 10% of your

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income into savings, or your financial plan. So let's see

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more of that comes down to a lot of things even with personal

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development, you know, running a business, they tell you you want

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to whatever you make for the year, you want to invest 10% of

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it back into yourself. So you know, reading the books, taking

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courses, personal developing, becoming a better persons and

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that's, you know, similar with savings, whatever your income

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is, there's no specific dollar amount, but it's whatever your

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income is, you know, on average, you should be saving around 10%

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people who can't save 10% at least start the habit because,

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you know, some people just you just need to start that habit

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first because once you start that habit, it could be a very

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small amount so people can afford it you know, we're

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looking at maybe 5% investing into yourself but just want to

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start that habit because once you do start that habit so

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you're saving $25 a month you know, after a year or two you

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say hey, you know what this has been drawing this has been

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working well but I can afford more money and so maybe you want

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to put in $50 away so it's it's a habit you want to create

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because you want to create discipline. You don't want to

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get into a habit of you know, saving for a year and then going

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spending all that money. Yes. So you it's your money you want

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with it, but I think the most important thing is to at least

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start something. start somewhere. Yeah. Something

Unknown: 00:20:00

Something that you obviously even afford. But like I said,

Unknown: 00:20:03

you just want to start that habit, create good habits so

Unknown: 00:20:05

that it just, it just becomes part of your life.

Unknown: 00:20:09

Yes, beautiful. You said. And like you said at the beginning,

Unknown: 00:20:13

it's just like for mental health and your physical health, you

Unknown: 00:20:18

have to have that consistency. And that sense of I want to even

Unknown: 00:20:23

say self worth, to know that it is not only a rich people's

Unknown: 00:20:29

thing to invest money and to make more money, people with

Unknown: 00:20:34

less money, can start and put money aside and create that

Unknown: 00:20:41

habit. And then get there one day, this is, this is very

Unknown: 00:20:47

critical to say. I wanted to ask you, when it comes to your

Unknown: 00:20:56

finances, and finding an advisor out there, how can people like

Unknown: 00:21:05

hi met you coincidentally here on my Facebook? But how? We will

Unknown: 00:21:11

make sure to put all the links and all your your contacts in

Unknown: 00:21:15

there. But how do people otherwise find people like you?

Unknown: 00:21:22

Because you're not out there advertising it on TV or radio?

Unknown: 00:21:28

And then secondly, what are the books that you would recommend

Unknown: 00:21:33

us reading in order to become more aware of our finances and

Unknown: 00:21:39

spending habits? But first of all, how can we we find advisors

Unknown: 00:21:44

like you?

Unknown: 00:21:46

Yeah, so that's one of the big things that kind of disappoints

Unknown: 00:21:50

us about most financial companies and firms and banks.

Unknown: 00:21:54

So there, there are some big names out there. I don't want to

Unknown: 00:21:57

mention names because I'm not here to badmouth anybody, but

Unknown: 00:22:01

you know, some of the big banks, some of the main financial

Unknown: 00:22:04

companies that you recognize the names, you know, they won't even

Unknown: 00:22:08

sit down with you unless you have 100 or $200,000 sitting in

Unknown: 00:22:11

a checking account. Yeah, so first off, you know, there's,

Unknown: 00:22:14

there's people out there who know, they're only looking for

Unknown: 00:22:18

high net worth people. So that leaves you know, the middle

Unknown: 00:22:20

market and everyone else out of it. So there's no money in it

Unknown: 00:22:24

for advisors to go help broke people. So that's kind of one

Unknown: 00:22:29

disappointment. They're huge. Yeah, so I mean, myself, you

Unknown: 00:22:35

know, I see our company is see huge disconnect there. So I just

Unknown: 00:22:40

like want to meet if people have good conversations, you know,

Unknown: 00:22:43

I'm not here to push yourself or anything on people, but by just

Unknown: 00:22:46

by talking to them, you find out that they're struggling either

Unknown: 00:22:49

with a job or their finances, and I just, you know, I just try

Unknown: 00:22:52

and provide solutions for people, you know, like, hey,

Unknown: 00:22:54

maybe you should sit down, maybe I can help you out. And I mean,

Unknown: 00:22:57

I'm not picky, I'm not gonna go, it doesn't matter, if you have a

Unknown: 00:23:00

lot of money or less money, I actually want to help. Those are

Unknown: 00:23:07

the people that need to help the most. But the you know, there's,

Unknown: 00:23:12

there's a lot of people out there, even even people that

Unknown: 00:23:15

have their finances in order, you know, we can even help those

Unknown: 00:23:18

people out. Because, like I said, looking at a second

Unknown: 00:23:21

opinion, you know, you sit down with the first advisor, you take

Unknown: 00:23:24

their advice, and you think they're golden, but they only

Unknown: 00:23:26

told you about their options. There's other options out there.

Unknown: 00:23:29

So it's, it's good to have a second opinion, you know, get

Unknown: 00:23:32

second opinions from other people, because there's a lot of

Unknown: 00:23:34

options out there people aren't aware of. Um, so there's that

Unknown: 00:23:39

one thing as well. Another thing too, you know, when sitting down

Unknown: 00:23:41

with some advisors, they, you know, they have a fee, you know,

Unknown: 00:23:44

people need to pay a fee to sit down with them. And I mean, if

Unknown: 00:23:47

you, you know, a lot of their expertise is valuable, but you

Unknown: 00:23:51

got to pay for it. Like, there's broker fees on top of

Unknown: 00:23:53

everything, right. So obviously, it's no more more of the wealthy

Unknown: 00:23:57

people that they're taking care of. And we see a big problem

Unknown: 00:24:00

with that. So like I say, I just, you know, I look for

Unknown: 00:24:03

people who are struggling, people that need the help.

Unknown: 00:24:07

There's a lot of people out there who think they have their

Unknown: 00:24:09

finances in order because they sit down, but I'm like, you know

Unknown: 00:24:12

what, there's better options out there, let's take a look at your

Unknown: 00:24:14

financial plan. They might be set up, but I can show them

Unknown: 00:24:17

better options, that either helps them save more money now,

Unknown: 00:24:21

or I can put, you know, couple $100,000 more on their

Unknown: 00:24:24

retirement account so that they have saved more money or just

Unknown: 00:24:27

have more money. So yeah, like I said, it's another thing to you

Unknown: 00:24:32

know, you're not going to get help with your finances unless

Unknown: 00:24:35

you reach out and ask people so it's not just you know, those

Unknown: 00:24:39

companies reaching out to you, you know, sometimes you gotta,

Unknown: 00:24:41

you know, bite the bullet and be like, Hey, you know what, I

Unknown: 00:24:43

could use some help. And then go look for it yourself, right?

Unknown: 00:24:47

There's a lot of resources out there, but you just you just got

Unknown: 00:24:50

to be careful who you talk to you like you said, he, it's all

Unknown: 00:24:52

about trust. So I mean, you go to a company, a big company or

Unknown: 00:24:56

bank, you know, you're sitting down with an employee that you

Unknown: 00:25:00

Don't even know. So they're just there to do business with you.

Unknown: 00:25:03

Whereas, you know, I like to get to know people, I like to learn

Unknown: 00:25:06

about your friends and family, see how your summers going? I

Unknown: 00:25:10

keep in touch. And I like to create that friendship bond and

Unknown: 00:25:15

that trust relationship, because I want them to know that I am

Unknown: 00:25:17

there to help them on the eye, you know, their needs come

Unknown: 00:25:21

first. And another thing too, you know, there's like a lot of

Unknown: 00:25:26

banks and those big companies, once they sit down with you and

Unknown: 00:25:30

help you out, you know, they've made their money. No, they're

Unknown: 00:25:32

not, you'll probably never hear from them ever again. No

Unknown: 00:25:35

finances change, like even six months or a year your finances

Unknown: 00:25:38

changed. So I make it a habit to at least follow up every three

Unknown: 00:25:41

to six months, you know, first of all, to keep that

Unknown: 00:25:44

relationship. You know, I like I like to actually be friends with

Unknown: 00:25:48

people I help. I'm just that type of person. But you know, I

Unknown: 00:25:52

like to see how things are going, Hey, is anything changing

Unknown: 00:25:54

your life and you need help in this area? You know, these

Unknown: 00:25:57

things happen? And I'm always there to help people. So yeah,

Unknown: 00:26:00

like I said, it's just people just aren't aware that there's

Unknown: 00:26:02

help out there. They just either need to find those people or

Unknown: 00:26:05

reach out. So

Unknown: 00:26:06

yeah, no, that's very, very good. And what about some books

Unknown: 00:26:11

that you read? That changed your mindset when it comes to

Unknown: 00:26:17

finances? Can you read? So?

Unknown: 00:26:22

Yeah, there's some good books. So one of the book that comes to

Unknown: 00:26:25

mind is called and a lot of people don't know this is out

Unknown: 00:26:28

there. But it's called the 10s 10. Secrets Canada Revenue

Unknown: 00:26:33

doesn't want you to know about. So just an example. I mean, it's

Unknown: 00:26:38

a small book that I think it's really hard to find, but I think

Unknown: 00:26:41

you can get it on Amazon. But I've heard it is a little bit

Unknown: 00:26:45

harder to read, because obviously the government

Unknown: 00:26:48

doesn't, you know, they want your tax money, right. So it's

Unknown: 00:26:52

just a book, it's a book money. It's a book that teaches you how

Unknown: 00:26:55

to, you know, cool strategies that people use to save money on

Unknown: 00:26:58

taxes. So just an example, you know, life insurance is there to

Unknown: 00:27:03

protect your family and stuff in case something were to happen,

Unknown: 00:27:05

but some of life insurance products, I have come with an

Unknown: 00:27:09

investment portion attached to it. So these are called

Unknown: 00:27:12

insurance tax shelters. Yeah, it was another way to tax shelter

Unknown: 00:27:15

your money, you know, felt the government getting their fingers

Unknown: 00:27:19

in it. That's just one, you know, one tip, I think that's

Unknown: 00:27:23

secret number eight, secret number nine, you know, is being

Unknown: 00:27:27

self employed, you know, being an employee, and you're getting

Unknown: 00:27:30

taxed, 30 to 40%. But if you were to, you know, you say you

Unknown: 00:27:33

worked a trade or you did a specific job that no one else

Unknown: 00:27:37

can do, you could actually break off for that company, start your

Unknown: 00:27:39

own company. When you're self employed, or a business owner,

Unknown: 00:27:43

you get taxed. 15 20%. So right off the bat, you're getting

Unknown: 00:27:47

taxed less being self employed. I mean, there's, there's pros

Unknown: 00:27:51

and cons between being an employee and self employed.

Unknown: 00:27:54

Yeah, but one of the big ones is, you know, your how much

Unknown: 00:27:57

you're getting taxed. So I mean, as an employee getting taxed, so

Unknown: 00:28:00

you make $100,000 a year, you're getting 35% you're only taking

Unknown: 00:28:04

home. 65,000 Yeah, but if you're making $80,000, and you're

Unknown: 00:28:09

getting taxed 15%. You know, you're you're taking home the

Unknown: 00:28:12

same amount of money. Yeah. Yeah, so there, that's a good

Unknown: 00:28:16

book as well. Another one is, there's a guy called Darren

Unknown: 00:28:19

Hardy. And he's wrote some books. I believe the three most

Unknown: 00:28:26

popular ones he's written are called the entrepreneur

Unknown: 00:28:30

rollercoaster that's more so how to run a business and you know,

Unknown: 00:28:34

just be a good person, all that stuff. But the other books that

Unknown: 00:28:37

really helped me Oh, it was called the compound effect.

Unknown: 00:28:40

Hmm, very good.

Unknown: 00:28:42

So that book was huge in my personal development, not only

Unknown: 00:28:47

does that help, you know, people's finances or success, it

Unknown: 00:28:50

also helps with your relationships and lifestyle. So

Unknown: 00:28:53

remember how or I told you about what you know, people struggling

Unknown: 00:28:56

with debt, what's the first steps you can do? When I say,

Unknown: 00:28:59

you know, first off, write down what you're spending your money

Unknown: 00:29:01

on, so that you can create a baseline, then you can create

Unknown: 00:29:04

waste to what you need to cut out and then you can make a plan

Unknown: 00:29:08

to move forward. I've learned all that from the compound

Unknown: 00:29:10

effect. So as it's to do with, you know, money and finance, but

Unknown: 00:29:15

also to do with your lifestyle as well, you know, relationships

Unknown: 00:29:18

with people, your bad habits and stuff like that. So that was a

Unknown: 00:29:21

huge one. It teaches you more of a discipline, you know, how to

Unknown: 00:29:25

how to be more aware of what your money on or you know,

Unknown: 00:29:28

anything to do with that. So that was a good book. And

Unknown: 00:29:30

there's another one called living your best life ever by

Unknown: 00:29:33

Darren Hardy. I haven't read that book yet. But it's more

Unknown: 00:29:37

like a peak performance kind of thing. kind of deal. So, Darren

Unknown: 00:29:41

Hardy is I think he's the president or owner of a magazine

Unknown: 00:29:45

called Success Magazine. And yeah, he's just, you know, he

Unknown: 00:29:50

started out as a realtor. He did some of these, you know, I think

Unknown: 00:29:53

he used to sell water filters and stuff like that. I think he

Unknown: 00:29:56

did Amway for a bit, but he ended up being the realtor

Unknown: 00:29:59

because that's what is found. business was but then he, you

Unknown: 00:30:01

know, he branched off and now he goes off and he interviews

Unknown: 00:30:04

wealthy people, people that are making lots of money or

Unknown: 00:30:07

succeeding in life. And he picks their brains, because he wants

Unknown: 00:30:10

to know how people become successful. And then he writes

Unknown: 00:30:14

the books and he teaches everyone else how to be

Unknown: 00:30:16

successful. So those are some of the books that I read that

Unknown: 00:30:18

helped. finances and stuff like that.

Unknown: 00:30:22

Very, very good. Man, this was very precious I feel for all of

Unknown: 00:30:32

us listening, like for me as well, like a lot of stuff that I

Unknown: 00:30:36

was not really aware of. And, yeah, very precious information

Unknown: 00:30:42

you shared with us, I will make sure that all your contact

Unknown: 00:30:47

contact info in the show notes. So don't wonder if people are

Unknown: 00:30:51

starting to reach out to you hopefully, if they, I would

Unknown: 00:30:56

really appreciate that. I'd be happy to help more people

Unknown: 00:30:59

obviously. Yes, no. And especially in those tough times

Unknown: 00:31:05

that we are all trying to navigate through. And yeah,

Unknown: 00:31:09

we'll also put your book recommendations in there because

Unknown: 00:31:13

I feel they're very insightful and put help more people out

Unknown: 00:31:17

there. Thank you so much for being with us today. And yeah,

Unknown: 00:31:23

we'll talk very soon again.

Unknown: 00:31:26

Awesome. Yeah. Again, thanks for having me. I hope you I hope you

Unknown: 00:31:29

found lots of value out of that. And I hope a lot of your viewers

Unknown: 00:31:32

can, you know, take some tips, and I hope that helps them as

Unknown: 00:31:35

well. So thank you so much.

Unknown: 00:31:38

Thank you so much for listening to this interview. I hope it

Unknown: 00:31:42

brought to you yeah, inside and hope when it comes to your

Unknown: 00:31:47

finances. Don't feel alone with this well together in this. And

Unknown: 00:31:53

yeah, as you heard, there's people out there who are willing

Unknown: 00:31:57

to help you willing to make you feel and be more resilient with

Unknown: 00:32:02

your finances in the future. subscribe, rate and review this

Unknown: 00:32:09

podcast if you love it, and if it became part of your life and

Unknown: 00:32:16

bringing you joy and relaxation, self reflection. Thank you so