BEST WEALTH CREATION STRATEGY AVAILABLE – For the last few weeks I having been saying I wanted to show you the number one way of attaining wealth and it is so simple I am surprised that more people are not using this very important part of copying what the rich do. That’s right, the wealthy use this method of investing because they are using other people’s money, not their own.
HOW TO MAKE ENORMOUS RETURNS ON A SLING SHOT? David slayed Goliath using a sling shot… We use a sling shot to create wealth. First what is a sling shot? In 2008 the financial crisis caused panic as investors all around the world were losing up to 60% of their investments. We were down 35% ourselves but because I knew what was coming next I was excited.
HOW MUCH TAXES DO WE PAY? The percentage of tax that Canadians pay is completely outrageous. While some taxes appear to be reduced, others are increased and new ones added, to continually increase revenues for our politicians to squander.
HOW WE AVERAGE 18.90% FOR THE LAST 11 YEARS USING A COMBINATION OF DEMOGRAPHICS AND CONNECTING THE DOTS? 2007: Israel was at war with Lebanon. In August the markets were still flat for the year. In that year, the famed Harry Dent predicted it was going to be a banner year. But the markets hate uncertainty and was not going up. Fearing the markets were heading into the yearly correction period Sept/Oct, Harry Dent told everyone to get out of the markets.
HOW TO AVOID THE RRSP TRAP – TAX TIME BOMB? One of the biggest mistakes we make as investors is forgetting just how much TAX we will pay to CRA, if we continue to blindly add to our RRSPs without thinking about how much tax you are going to be faced with in retirement.