Category Archives: Personal Finance

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Who Else Wants To Be A Millionaire?

As a luxury homebuilder, I observed something very odd. People buying million dollar homes often didn’t have much wealth – they just had large incomes.

They pulled into the sales office in a luxury automobile and coveted the appearance of wealth. But wealth is much different than income. Wealth is what you accumulate, not what you spend. (Remember my Italian mentor from my first job….. )

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Have you dreamed of owning a nicer home? We all love things of beauty. I made my living in the housing industry by identifying a profitable niche. I loved building big, great quality, beautiful homes and neighborhoods. They were my art. However, there is a balance in being able to afford things in the short term and being able to accumulate wealth in the long term.

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How To Be Done With Debt

Flash back to 1985 when I received the best piece of personal finance advice! Picture me, working my summer job as a laborer for a bricklaying company trying to pay for university. What was the best advice and who gave it to me? It came from an Italian bricklayer in his tattered and torn work clothes. You’ll need to read this aloud in an Italian accent while waving your arms enthusiastically to get the full effect.
“Stevie it’s not-a how much-a you make, it’s-a how much-a you save.” The significance of his statement stuck with me! Many of my university professors talked about personal finance but had not been in the marketplace.iStock_000008650446Small

These educated professionals were not practicing personal finance as well as this man who earned probably half of what they did. Arriving in Canada from Italy, penniless, this man owned 3 houses in downtown Toronto worth a substantial amount of money. He had learned one of the dirtiest words in personal finance: discipline. As my parents often had, we will have arguments, fights, worries, pain and disappointments until we practice what this wise bricklayer taught me. I believe it is based on the following Biblical personal finance truth.

In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.

Proverbs 21:20

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What is Your Balance Sheet?

Your balance sheet tells some of your story. Are you trying to provide for a family? Earn as much as you can? Save as much as you can? Give as much as you can? Be financially “free?”

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Here’s what I consider the most important:  Are your finances ‘balanced?’

Regardless of your goals, where do you get direction for how you make all of your financial decisions? What is the one objective that guides your overall personal finances? Do you have a focus that can steer all your financial decisions?

I meet people all the time who say that money is the source of most of their stress. They lack balance for themselves and their balance sheet shows it.

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Welcome

This is your sneak peak! It’s my privilege to share with you some resources that I am assembling in an upcoming book. These are not just ordinary resources, they are game and life changers! They changed mine and I know they’ll change yours too.

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As the former president of Land Ark Homes in west-end Ottawa, my career was in the home building industry. I worked hard and God blessed the work of my hands. This new venture is my new passion. No more building homes! I want to “build” people by sharing what I have learned in over 22 years of running my own very successful business. It is my goal to help improve and change the way you think on many levels. I’m going to share valuable resources and experiences that have significantly impacted my life and led to my company’s success. I’d like to share with you other things that I wish someone had shared with me earlier in my life. I now write, speak and consult part-time as my wife and three sons cheer me on in this exciting new adventure.

Why a blog??

  1. It is a great way to inform people about resources. Since my number one strength (from StrengthFinder 2.0 – more on that in a later blog) is LEARNER there are many resources I have used to gain specialized information that I hope to share with others.
  2. It provides a mechanism for feedback. At the bottom of this blog you can join the conversation. You can post using your real name or anonymously if you like and everyone can have their say!
  3. It provides an archive of resources. Topics that interest you may have other resources you wish to explore further. You can catch up if you miss an entry and search specific areas of interest as the need arises.
  4. It is free. Unlike buying a book this medium of delivery doesn’t cost you a cent. New posts will come out every Friday. You are free to investigate further the ones that pique your interest.
  5. It’s easy to share. Many times we read something and want to share it with others but don’t always get around to forwarding them the book title or buying them the book. Months go by or even years before we see the person again and we forget why the book or resource might have been useful to them. This blog can be shared at the click of a button.
  6. It’s easy to remember: Resource Freak. Dave Ramsey, EntreLeadership podcast is my inspiration for the name. In it Dave talked about all the young people in the company listening to Leadership Freak. They interviewed Dan Rockwell, the Leadership Freak who blogs about helping leaders in 300 words or less. I aim to do the same… okay maybe 500 words or less.

Be transformed by the renewing of your mind.

Romans 12:2


Attitude:  Think about where you wish to have a change in your thinking.

Action:  Decide to read this blog and share it with others if you find it useful.