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The Wisdom, Lifestyle, Money, Show

The Wisdom, Lifestyle, Money, Show

Scott Dillingham

The Wisdom, Lifestyle, Money Show is here to help Canadian's invest better in Canada & the U.S.A. We specialize in mortgage financing and education in both Countries. Discover how to become a better investor and access the financing you need.
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Top 10 The Wisdom, Lifestyle, Money, Show Episodes

Goodpods has curated a list of the 10 best The Wisdom, Lifestyle, Money, Show episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Wisdom, Lifestyle, Money, Show for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Wisdom, Lifestyle, Money, Show episode by adding your comments to the episode page.

The Wisdom, Lifestyle, Money, Show - Investing in Canada Then Pivoting to The United States With Jeffrey Woods
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11/27/23 • 27 min

Jeffrey Woods, a full-time real estate investor, shares his journey from starting out as a broke college student to building a successful real estate portfolio. He emphasizes the importance of education and learning from experienced investors. Jeffrey also discusses the benefits of joint venture partnerships and using other people's money to scale his investments. He highlights the challenges and lessons learned along the way, including the importance of vetting partners and effective communication. Jeffrey is now focused on investing in the United States, specifically targeting states like North Carolina and Georgia, due to better investment opportunities and favourable landlord laws.

  • (00:00) - Introduction and Background
  • (01:13) - Getting Started in Real Estate Investing
  • (08:08) - The Benefits of Investing in Certain States in the US
  • (10:52) - Choosing North Carolina and Georgia for Real Estate Investment
  • (15:30) - Advantages of US Landlord-Friendly Regulations
  • (20:08) - Investing in Residential Property with Commercial Mortgage Criteria
  • (22:29) - The Dominican Republic: Lifestyle vs. Real Estate Investment
  • (26:18) - Networking and Collaboration for Success

If you're serious about real estate investing, join our free Investors Hub. Click this link to access now.

Takeaways

  • Education and learning from experienced investors are crucial for success in real estate investing.
  • Joint venture partnerships and using other people's money can help scale investments.
  • Vetting partners and effective communication are key to successful joint venture partnerships.
  • Investing in the United States, particularly in states like North Carolina and Georgia, offers better investment opportunities and favorable landlord laws.

If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.

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The Wisdom, Lifestyle, Money, Show - Ep 54 - Discover how Reflect.App can UpLevel Your Investing & Business Success
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07/09/23 • 36 min

Here are the best ways I can help you as an Investor:

Investor Network Access

  • Run the numbers like a pro of any property.
  • Access Insider Events, ONLY for members.
  • Network with other investors.
  • Create joint venture partnerships.
  • Get direct access to a team of experts.
  • Get preferred interest rates on mortgages & lending products.
  • Ask questions and get answers for any investing challenges you have.

Book A FREE Strategy Call With My Team

  • Discover the financing options available to you.
  • Create the proper financing structure for success.
  • Get your portfolio reviewed and identify weak properties and ares to access equity.

Show Summary:

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham welcomes Sam Claussen, the head of growth at Reflect app. Reflect is a note-taking app designed for business owners and investors to keep track of their projects and tasks. Sam demonstrates the features of the app, including voice notes transcribed by Whisper AI, a built-in calendar, and the ability to create and organize notes using tags and backlinks.

Sam explains that note-taking is essential for entrepreneurs and founders who juggle multiple projects. Reflect simplifies this process with its user-friendly interface and customizable note-taking system. The app offers a Daily Notes format, where users can organize their tasks and log their activities. Meetings can be integrated into the notes, allowing users to take notes during brainstorming sessions or team meetings. Reflect also provides a contact list feature that acts as a personal CRM, helping users track their relationships and relevant information.

The conversation shifts to the use cases for Reflect, specifically in real estate investing. Scott and Sam discuss how the app can be utilized to manage rental properties. Users can create notes for each property, add tags for easy organization, and document details such as tenant information, property managers, and maintenance tasks. By utilizing backlinks, users can quickly navigate between related notes and maintain an organized system for property management.

The episode further explores the AI capabilities of Reflect. Sam demonstrates how voice notes can be transcribed with high accuracy using Whisper AI. The app's AI assistant offers various prompts that automate note creation and formatting. These prompts can be customized, allowing users to generate to-do lists, summaries, and detailed action items from their notes. Sam mentions other AI features, such as an executive assistant plugin that divides meeting notes into key takeaways and action items. He also mentions the possibility of using AI to suggest YouTube video tags and integrate property alerts from sources like Zillow into Reflect.

Sam concludes the episode by discussing the future developments planned for Reflect, including the implementation of a local AI system. This would enable advanced features like semantic search and the ability to ask questions based on the content of notes. The goal is to enhance the organization and retrieval of information within the app, providing users with a powerful tool for managing their projects and tasks.

To try the app on a free trial visit https://reflect.app/

To see what Sam is up to visit https://www.startupcookie.com/

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The Wisdom, Lifestyle, Money, Show - EP 48: Whamburg with Adam El-Dika

EP 48: Whamburg with Adam El-Dika

The Wisdom, Lifestyle, Money, Show

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02/22/23 • 22 min

Here are the best ways I can help you as an Investor:

Investor Network Access

  • Run the numbers like a pro of any property.
  • Access Insider Events, ONLY for members.
  • Network with other investors.
  • Create joint venture partnerships.
  • Get direct access to a team of experts.
  • Get preferred interest rates on mortgages & lending products.
  • Ask questions and get answers for any investing challenges you have.

Book A FREE Strategy Call With My Team

  • Discover the financing options available to you.
  • Create the proper financing structure for success.
  • Get your portfolio reviewed and identify weak properties and ares to access equity.

Show Summary:

Adam El-Dika, the sole owner of Wam and Windsor, shares his story on the Wisdom Lifestyle Money Show. He grew up in Windsor, Ontario, attended school there, and then moved to Lebanon with his family at the age of 17. After completing high school in Lebanon, he returned to Windsor and attended university, studying biology. However, he quickly realized that teaching was not the right path for him. During this time, he started working at a restaurant and gained experience in the industry.

Adam and his team opened Mario Nostrom, their first restaurant, after winning a request for proposal (RFP) process. They later opened a second location in Kingsville and launched a retail food division. However, when the COVID-19 pandemic hit, they had to pivot their business entirely. They closed down for a period and then started a home delivery service to supplement their operations. They also noticed a demand for burgers and decided to offer smash burgers with unique features like using Martin's potato buns and branding the buns with the phrase "Bite me up."

Organization and time management were key lessons Adam learned throughout his life, which became even more important when managing multiple business ventures. During the pandemic, they faced challenges such as increased costs, labor shortages, and external uncertainties. However, they adapted and focused on long-term planning now that lockdowns and restrictions are not a concern.

Regarding delivery, they utilize a point-of-sale system called Touch Bistro, which integrates with DoorDash for delivery. By ordering directly from them, customers can avoid the higher prices and additional fees charged by third-party delivery platforms. Adam also explains the concept of smash burgers, where freshly ground beef is smashed on a griddle, creating a crispy crust while maintaining a soft interior. They offer halal chicken options and are actively seeking halal beef products.

When choosing a location for a business, Adam emphasizes the importance of proximity to the expressway, which increases delivery radius and accessibility. Being on a bus route is also crucial for accessing the labor force, especially in a student-dominated market like Windsor. While the mall could be a good option, there may be restrictions due to non-compete agreements with existing restaurants.

Overall, Adam's journey in the restaurant industry has involved adapting to challenges, embracing new opportunities, and focusing on customer satisfaction.

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The Wisdom, Lifestyle, Money, Show - Admin Special With The Admins Of LendCity

Admin Special With The Admins Of LendCity

The Wisdom, Lifestyle, Money, Show

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05/25/23 • 17 min

In this episode, the admins of LendCity discuss the mortgage process and the importance of proper documentation. They share their experiences and lessons learned in the mortgage industry. They emphasize the need for accurate and complete documentation, including job letters, pay stubs, and identification. Not only that, but they also discuss the importance of listing assets on the application and provide tips for preparing for a home appraisal.

  • (00:00) - Introduction and Background
  • (00:49) - Lessons Learned in the Mortgage Industry
  • (04:10) - Proper Documentation Requirements
  • (08:01) - Identification and Asset Requirements
  • (09:28) - Documentation for Rental Properties
  • (12:08) - The Role of Assets in the Mortgage Application
  • (14:26) - Preparing for a Home Appraisal

If you're serious about real estate investing, join our free Investors Hub. Click this link to access now.

Takeaways

  • Getting a mortgage is simpler than originally thought, but it depends on the individual's situation.
  • Proper documentation is crucial in the mortgage process.
  • Job letters should be typed, on letterhead, and signed by a superior or HR.
  • Pay stubs should have the employee's name, employer's name, and accurate year-to-date information.
  • Two pieces of government ID are required for verification, but health cards are not accepted.
  • For rental properties, recent leases, tenant acknowledgement forms, and T1s may be required.
  • Listing assets on the application can help with purchasing power and provide options for creative financing.
  • Preparing for a home appraisal includes cleaning the house, highlighting any recent improvements, and ensuring the property is presentable.
  • The admins are available to answer questions and provide assistance throughout the mortgage process.

If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.

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The Wisdom, Lifestyle, Money, Show - EP 46: Modern Real Estate With Michael Citron Milena Simsic & Clarke Gallie
play

11/17/22 • 35 min

Here are the best ways I can help you as an Investor:

Investor Network Access

  • Run the numbers like a pro of any property.
  • Access Insider Events, ONLY for members.
  • Network with other investors.
  • Create joint venture partnerships.
  • Get direct access to a team of experts.
  • Get preferred interest rates on mortgages & lending products.
  • Ask questions and get answers for any investing challenges you have.

Book A FREE Strategy Call With My Team

  • Discover the financing options available to you.
  • Create the proper financing structure for success.
  • Get your portfolio reviewed and identify weak properties and ares to access equity.

Show Summary:

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham hands over the mic to mortgage agent Michael Citron and his guests, realtors Milena, Simsek, and Clark Galley. They discuss the challenges of starting a real estate team during a housing crash and how the market has shifted. Milena mentions that while the boom in February and March made it easy to sell houses, the current market is more challenging. Clark emphasizes the need to adapt and change strategies in this new environment, highlighting that what worked in the past may not work anymore.

The conversation also touches on the shift in focus from sellers to buyers in the current market. Michael notes that the refinance business has decreased significantly, and Milena shares that many clients are opting for refinancing instead of selling their properties at a loss. They discuss the discrepancy between sellers and buyers, with Clark mentioning that many sellers would rather refinance and prolong the financial strain than sell at a significant loss. They also speculate on when the market might hit rock bottom and when investors will reenter the market.

The guests further explore the current state of the real estate market in Windsor, Ontario, noting the ratio of sales to listings and the expectation of desperate sellers. Milena mentions that many properties that didn't sell in July were likely pulled off the market, with sellers choosing to ride out the storm through refinancing. They discuss the waiting game of investors and the potential for a surge of buyers once the market hits rock bottom. Michael and Clark highlight the opportunity for buyers right now, but they also anticipate challenges in getting offers accepted when the market picks up again.

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The Wisdom, Lifestyle, Money, Show - Ep 38: What's Going in The Market? Featuring Phil Bould
play

08/10/22 • 27 min

Here are the best ways I can help you as an Investor:

Investor Network Access

  • Run the numbers like a pro of any property.
  • Access Insider Events, ONLY for members.
  • Network with other investors.
  • Create joint venture partnerships.
  • Get direct access to a team of experts.
  • Get preferred interest rates on mortgages & lending products.
  • Ask questions and get answers for any investing challenges you have.

Book A FREE Strategy Call With My Team

  • Discover the financing options available to you.
  • Create the proper financing structure for success.
  • Get your portfolio reviewed and identify weak properties and ares to access equity.

Show Summary:

In this conversation on the Wisdom Lifestyle Money Show, host Scott Dillingham interviews guest Phil Bold about the current real estate market. Phil, who works for Team Goran Re/Max Care and has been in the business for over 17 years, expresses his excitement about the upcoming market. He mentions that the market is transitioning to a more balanced state, which means fewer multiple offers and less disappointment for potential buyers. Phil believes that waiting for housing prices to go down may not be necessary, as interest rates also affect buying power. He advises buyers to take advantage of the current decent prices before they increase due to the influx of workers from various investments in Windsor, such as the Amazon facility, the battery plant, the new hospital, and the upcoming bridge construction.

Scott and Phil discuss the positive impact these investments will have on the region's real estate growth. The battery plant, which will produce car batteries, is expected to create around 5,000 jobs and generate spin-off opportunities in related industries and local businesses. The construction of a third bridge between Windsor and Detroit will not only provide additional employment but also improve traffic flow and trade efficiency. They also touch on the fact that Windsor is attracting buyers from the Greater Toronto Area due to its affordability and potential for investment properties.

Despite some cooling in the market, Phil does not foresee a crash. He notes that housing prices have increased from January to May, and while there may be a temporary dip, there is still demand and multiple offers on properties. Phil considers the current market more fair for buyers, as they can now include home inspection conditions in their offers to protect themselves. Previously, buyers were often engaging in bidding wars and waiving inspections, which led to unforeseen issues post-purchase. Phil welcomes the return of home inspection clauses as it provides buyers with necessary safeguards.

Overall, Phil expresses confidence in the Windsor real estate market's future, citing the significant investments and government support in the region. While there may be a brief recession, he believes Windsor will bounce back and become a strong city. The market offers opportunities for both buyers and sellers, with reasonable prices and potential for profitable investments.

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The Wisdom, Lifestyle, Money, Show - Ep 37: Should I Buy in This Market and Other Frequently Asked Questions
play

08/03/22 • 9 min

Here are the best ways I can help you as an Investor:

Investor Network Access

  • Run the numbers like a pro of any property.
  • Access Insider Events, ONLY for members.
  • Network with other investors.
  • Create joint venture partnerships.
  • Get direct access to a team of experts.
  • Get preferred interest rates on mortgages & lending products.
  • Ask questions and get answers for any investing challenges you have.

Book A FREE Strategy Call With My Team

  • Discover the financing options available to you.
  • Create the proper financing structure for success.
  • Get your portfolio reviewed and identify weak properties and ares to access equity.

Show Summary:

Scott Dillingham, the host of the Wisdom Lifestyle Money Show, addresses some frequently asked questions about the current real estate market. He believes it is a good time to buy properties despite higher interest rates. The market has cooled down, with fewer bidding wars and some properties being sold below the asking price. Rental prices have remained stable or even increased in some areas, offsetting the impact of higher interest rates on cash flow.

Dillingham predicts that the cooling in housing prices is temporary due to a shortage of housing supply in Canada. Once the economy returns to normal and the effects of COVID-19 subside, he expects prices to recover quickly. While interest rates have recently risen, Dillingham believes they will eventually settle down and follow the trend of inflation. He advises investors to consider their preference for fixed or variable rates, noting that the variable rate allows for a higher purchase amount and provides flexibility for future investments.

To maximize purchase prices, Dillingham suggests two strategies. First, opting for a variable rate mortgage, as it has a lower stress test compared to a five-year fixed rate. This allows borrowers to qualify for a larger mortgage. Second, choosing the right lender is crucial. Some lenders consider a higher percentage of rental income for qualification purposes, enabling borrowers to increase their purchase price. Dillingham recommends working with a broker who specializes in investment properties and has access to a wide range of lenders.

Dillingham concludes by encouraging listeners to reach out to Lend City, his recommended lending company specializing in investment properties, for assistance in growing their real estate portfolios.

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The Wisdom, Lifestyle, Money, Show - Ep 36: Real Estate Q&A with Michael Citron and Tina Huynh
play

07/27/22 • 8 min

Here are the best ways I can help you as an Investor:

Investor Network Access

  • Run the numbers like a pro of any property.
  • Access Insider Events, ONLY for members.
  • Network with other investors.
  • Create joint venture partnerships.
  • Get direct access to a team of experts.
  • Get preferred interest rates on mortgages & lending products.
  • Ask questions and get answers for any investing challenges you have.

Book A FREE Strategy Call With My Team

  • Discover the financing options available to you.
  • Create the proper financing structure for success.
  • Get your portfolio reviewed and identify weak properties and ares to access equity.

Show Summary:

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews two guests: Michael Citron, a mortgage agent, and Tina, a local real estate agent. They discuss various topics related to the real estate market. Michael predicts that the interest rates will rise between 5.2% to 5.7% with two more increases expected by the end of 2022. However, he doesn't believe the market will crash, but rather slow down temporarily. He expects a maximum price decrease of around 20% before the market bounces back due to high demand and limited supply.

When asked about selling properties, Michael suggests that sellers should consider waiting as the market will likely rebound. However, if they're determined to sell immediately, they should take advantage of the current market conditions. Regarding mortgages, Michael advises homeowners with variable rates to consider their future plans. If they intend to refinance and withdraw money, they should do it before switching to a fixed rate to avoid higher penalty payments. For new mortgage seekers, Michael recommends a three-year fixed term or a variable rate, considering that rates may decrease in the next few years.

Tina mentions that the real estate market has become less active lately, requiring more effort and creativity to attract potential buyers. Some clients have become cautious, waiting for prices to drop further. However, Tina emphasizes that waiting too long may lead to missed opportunities and potential market upturns. She also highlights the importance of seizing opportunities in real estate, as historical trends show long-term price increases. The conversation concludes with a discussion on how the market has changed, with Tina explaining the need for increased marketing efforts and addressing clients' concerns during uncertain times.

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The Wisdom, Lifestyle, Money, Show - Cycling Across Canada To Make A Difference With Jillian Lynch
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09/19/21 • 15 min

Jillian Lynch is biking across Canada to raise awareness and funds for sick kids. Her inspiration came from meeting someone who was biking across Canada while her brother was in the hospital. Her brother has had three double lung transplants and has been an incredible inspiration to her. Jillian is using a gravel road bike for her journey and has learned to live with very minimal possessions. She has faced challenges such as extreme heat and limited access to water. Along the way, she has met interesting people, including a young man from Japan who is also biking across Canada. Jillian is raising funds through a Sick Kids Get Loud page and is grateful for the support of the nurses and healthcare workers at Sick Kids.

  • (00:00) - Introduction to the Show and Guest
  • (02:23) - Choosing the Right Bike for the Journey
  • (04:46) - Recovering from Multiple Double Lung Transplants
  • (07:08) - The Impact on Jillian's Parents
  • (09:30) - Living with Minimal Possessions
  • (11:58) - Meeting Interesting People Along the Way
  • (13:54) - Estimating the Duration of the Journey
  • (14:45) - Fundraising for Sick Kids
  • (16:14) - How to Support Jillian's Cause

If you're serious about real estate investing, join our free Investors Hub. Click this link to access now.


Takeaways
  • Biking across Canada can be a life-changing experience and a way to raise awareness and funds for important causes.
  • Living with minimal possessions can be freeing and allow for a more efficient journey.
  • Challenges such as extreme weather and limited resources can be overcome with determination and support.
  • Meeting fascinating people along the way can provide inspiration and unique perspectives.
  • Fundraising for organizations like Sick Kids can make a significant impact on the lives of patients and their families.
  • If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.
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The Wisdom, Lifestyle, Money, Show - The Explosive Growth in Windsor's Real Estate Market
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05/10/24 • 23 min

Alex Ciotoli, an investment-focused realtor from Windsor, shares his story and insights on the real estate industry in Windsor. He discusses the explosive growth in the market, driven by investments in industrial, commercial, and residential properties. He highlights the major infrastructure projects happening in Windsor, such as the battery plant, hospital, Amazon plant, and Gordie Howe bridge. Alex emphasizes the importance of due diligence when investing in Windsor and offers his expertise in commercial and multi-unit properties. He encourages investors to take advantage of the current market conditions and work with a knowledgeable realtor.

  • (00:00) - Introduction and Background
  • (03:05) - The Real Estate Industry in Windsor
  • (11:25) - The Market Trends in Windsor
  • (14:02) - Major Infrastructure Projects in Windsor
  • (16:39) - Advice for Investors in Windsor

If you're serious about real estate investing, join our free Investors Hub. Click this link to access now.

Takeaways:

  • Windsor is experiencing explosive growth in the real estate market, with investments in industrial, commercial, and residential properties.
  • Major infrastructure projects, such as the battery plant, hospital, Amazon plant, and Gordie Howe bridge, are driving the growth in Windsor.
  • Due diligence is crucial when investing in Windsor, and working with a knowledgeable realtor is essential.
  • Investors should consider their goals, such as cap rates and exit strategies, and work with a realtor who understands their needs.
  • The current market conditions in Windsor present opportunities for investors to find their dream homes or investment properties at a lower cost.

If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.

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FAQ

How many episodes does The Wisdom, Lifestyle, Money, Show have?

The Wisdom, Lifestyle, Money, Show currently has 80 episodes available.

What topics does The Wisdom, Lifestyle, Money, Show cover?

The podcast is about Canada, Investor, Investing, How To, Podcasts, America, Education, Mortgage, Business and Real Estate Investing.

What is the most popular episode on The Wisdom, Lifestyle, Money, Show?

The episode title 'Ep 74 - Harnessing Energy Flow for Peak Performance and Mental Wellness with host Scott Dillingham and guest Kimberly Kingsley' is the most popular.

What is the average episode length on The Wisdom, Lifestyle, Money, Show?

The average episode length on The Wisdom, Lifestyle, Money, Show is 24 minutes.

How often are episodes of The Wisdom, Lifestyle, Money, Show released?

Episodes of The Wisdom, Lifestyle, Money, Show are typically released every 7 days.

When was the first episode of The Wisdom, Lifestyle, Money, Show?

The first episode of The Wisdom, Lifestyle, Money, Show was released on Jul 11, 2021.

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