Principles for Wealth Building

  • File your...

    Even on calm seas, a ship’s captain rarely relaxes. Instead, the chief focuses on potential dangers in nearby waters. Affluent individuals and aspiring wealthy people should take a similar approach to tax planning today. Both short and long term tax planning, particularly income tax planning, assists you in retaining relatively...

  • Change Your...

    “Darkness cannot drive out darkness: only light can do that. Hate cannot drive out hate: only love can do that.” – Martin Luther King Jr. “What we are today comes from our thoughts of yesterday, and our present thoughts build our life of tomorrow: our life is the creation of...

  • Know the...

    What is wealth? Wealth is a state of mind. It is not strictly any number. It is a feeling of “enough” – without fear or worry. If your focus is on money as a measure of your wealth, a sense of enough money is an indication of being wealthy. The...

  • Investment Properties...

    Investors who bought new homes or condos in the past few years have faced HST bills up to $30,000 mainly due to their ignorance. In a nutshell, to qualify for new home (or condo) HST rebate, the new home or condo has to be either your primary residence or you...

  • Peace at...

    Any idea what causes more arguments in marriage than anything else? Money. Sure, couples fight about lots of other things, but money is the hot button topic of most marriages. Why is this? Often it is because one or both spouses worry about money too much. Or not enough. Money...

  • “The Millionaire...

    By Thomas Stanley And William Danko How much wealth, you should have accumulated, given your current age and income? Use this formula to calculate: The wealth equation: Expected net worth = One-tenth age x Income According to this formula, if your age is 50, and your family income is $100,000,...

  • 11 rules...

    Never get all your income from one source. When you get all of your money from one source, you are economically vulnerable in case that source dries up. Never go through life without adequate training and education. Running away from education effectively means that you’re running right toward slavery. Never...

  • The Two...

    “Wealth is not acquired through addition. It is acquired through multiplication. Very few fortunes have been made by adding up paychecks and overtime. Nor are they made through a huge one-time killing in the markets. Unfortunately, this is the path that many investors try to follow in achieving financial security....

  • Know Your...

    Goals in life often change. What are your current goals? Here’re some goals stated by a few people. I want: To be the best husband (or wife or father or mother) that I can be. To die with no loans/regrets. To contribute to the world with no sadness or pain...

  • The One...

    By Mark Victor Hansen and Robert Allen, © 2002. This book is about one minute habit(s) of a practicing millionaire and not about becoming rich in one minute. This book offers 24 motivational principles (“ahas”), and an attempt is made here to capture the essence of this book. Enjoy the...

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