Are Your Investment Priorities Out of Whack? Time for an Adjustment? [Secret Sauce Ep3]

07/05/24 • 7 min

Your priorities may be out of whack and you’re focusing on the wrong things. Discover how a simple shift in mindset could transform your approach to business, personal, and financial success and happiness here in Canada.

Many of us find ourselves living to work rather than working to live. This common problem can lead to burnout, stress, and a lack of fulfillment in both personal, professional, financial, and investment lives. By tuning into this Secret Sauce episode of Canadian Wealth Secrets, you'll gain insights into how to prioritize what matters so you can make sound financial and investment decisions.

Understanding and applying these principles can help you achieve a better work-life balance, ultimately leading to greater satisfaction and success. The episode shares practical steps and real-life experiences to help you reassess your priorities and align your goals, making your pathway to financial freedom and personal happiness much clearer.

How lessons on work-life balance can help you with your financial goals
Discover practical strategies to prioritize your goals over the methods, leading to more effective decision-making.
Gain clarity on aligning your financial and personal goals, making your journey to wealth and happiness more straightforward.

Listen to this eye-opening episode now to start prioritizing your life effectively and achieve true success and happiness.
Resources:

Canadian Wealth Secrets Show Notes Page

Calling All Canadian Incorporated Business Owners & Investors:

Consider reaching out to Kyle if you’ve been...

...taking a salary with a goal of stuffing RRSPs;
...investing inside your corporation without a passive income tax minimization strategy;
...letting a large sum of liquid assets sit in low interest earning savings accounts;
...investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,
...wondering whether your current corporate wealth management strategy is optimal for your specific situation.

By hopping on a discovery call with Kyle, he will review your specific personal and corporate financial situation in order to determine if there are some quick wins available for you to minimize taxes personally or corporately, provide ideas for how you can increase your personal cash flow, and ensure that the net worth of your estate continues to grow in tandem.

Ready to connect? Text us your comment including your phone number for a response!

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

How lessons on work-life balance can help you with your financial goals
Discover practical strategies to prioritize your goals over the methods, leading to more effective decision-making.
Gain clarity on aligning your financial and personal goals, making your journey to wealth and happiness more straightforward.

Listen to this eye-opening episode now to start prioritizing your life effectively and achieve true success and happiness.
Resources:

Canadian Wealth Secrets Show Notes Page

Calling All Canadian Incorporated Business Owners & Investors:

Consider reaching out to Kyle if you’ve been...

...taking a salary with a goal of stuffing RRSPs;
...investing inside your corporation without a passive income tax minimization strategy;
...letting a large sum of liquid assets sit in low interest earning savings accounts;
...investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,
...wondering whether your current corporate wealth management strategy is optimal for your specific situation.

Ready to connect? Text us your comment including your phone number for a response!

Previous Episode

The Smith Maneuver in a High-Rate Era: Maximizing Canadian Income Tax Deductions

Have you ever wondered how you can leverage high-interest rates to your advantage when borrowing to invest?

In today's uncertain economic climate, many Canadians are hesitant to borrow for investments due to rising interest rates. The common perception is that high rates automatically diminish the feasibility of strategies like the Smith Maneuver, which involves converting non-deductible debt on your primary residence into tax-deductible debt. However, our latest podcast episode dives deep into how these high rates can actually be beneficial if approached correctly.

For anyone feeling the pinch of current financial pressures, this episode offers a new perspective. We break down how you can overcome emotional and psychological barriers to make rational, financially sound decisions. Whether you're an experienced investor or just starting out, understanding the nuances of borrowing to invest during high-rate periods could be the key to unlocking significant long-term benefits. We discuss real-world examples, provide detailed analysis, and share actionable insights to help you navigate these complex waters.

You’ll learn:

Learn how to transform your mortgage interest into tax-deductible debt.
Discover the long-term benefits of consistent investment using the Smith Maneuver.
Understand the potential to pay off your mortgage faster while increasing your net worth.
Strategies for overcoming the psychological hurdles that prevent effective financial decision-making.
How to use the Smith Maneuver effectively even in a high-interest rate environment, ensuring you maximize your tax deductions and investment returns.

Resources:

Episode 44: Saving Taxes and Accelerating Your Investments with The Smith Maneuver
Dig into our Ultimate Investment Book List
Book a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey!
Follow/Connect with us on social media for daily posts and conversations about business, finance, and investment on LinkedIn, Instagram, Facebook [Kyle’s Profile, Our Business Page], TikTok and TwitterX.
Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.

Ready to connect? Text us your comment including your phone number for a response!

Next Episode

From $1,000 to $10 Million: A Canadian Real Estate Journey From 60-Hour Work Weeks to True Time Freedom

Imagine moving to a country with only $1,000 in your pocket and a dream of improving your way of life only to realize that your dream meant grinding over 60 hours per week for “success.”

In today’s episode, we’ll be interviewing Luis Limgenco as he shares his journey as an immigrant whose hard work and dedication led him to what many would consider professional “success.” However, he quickly recognized that trading all of his waking hours for a paycheque wasn’t going to lead him to the financial or lifestyle freedom that he had envisioned for he and his wife coming to Canada.

Stick around as we dig deep into his story as he went from focusing on the climb up the corporate ladder to going all-in on real estate to escape the daily grind he had created for himself and towards real financial freedom. His story epitomizes the transformative power of strategic real estate investments, showcasing how diligent research, calculated risks, and decisive actions can turn modest beginnings into a multimillion-dollar empire. By immersing yourself in his narrative, you'll gain invaluable insights into overcoming obstacles, seizing opportunities, and forging your path to true financial independence and time freedom.

From leveraging financial models to gauge property feasibility to timing market fluctuations for optimal gains, Luis’ experience offers a masterclass in proactive real estate investment decision-making. By understanding his mindset and buy-box, you'll be equipped to identify your own lucrative real estate opportunities, learn how to mitigate risks, and chart a course towards sustainable Canadian wealth accumulation in the ever-changing real estate investment landscape.

What you’ll learn:

Insights into successful real estate investment strategies, focusing on cash flow and risk reduction.
Learn how to leverage financial models to identify lucrative opportunities and navigate market fluctuations for maximum returns.
The importance of integrity, honesty, and strategic planning in building a robust real estate portfolio.
The value of mentorship and joint ventures in maximizing investment opportunities and achieving financial goals.
The power of diversification and proactive decision-making in building a sustainable, cash-flow positive real estate portfolio across different markets.

Ready to unlock some Canadian Wealth Secrets to successful real estate investing? Listen in now to gain invaluable insights and take your Canadian financial future into your own hands!

Resources: