Money15 Videos

Buy Renovate Refinance Rent Repeat – 65 Sophia Ave.

Looks can be deceiving. From the outside, this property looks modest, but thanks to a vision and an investment by my JV Partners, the execution of top-notch renovations created a solid income property. And that’s the real beauty of real estate as an asset. Your partners win because they get a return on their investments. […]

I Deserve to be Rich and You Do Too

What’s stopping you from achieving the dream that you say that you want? Is it your employees? Your customers? Your spouse? The government? Actually, it’s none of those things. The thing that’s stopping you is you. Need some evidence? Try saying the phrase “I deserve to be wealthy.” How did that feel? Literally, what do […]

I HATE MONEY

Well, okay, maybe that’s an exaggeration. But what I do hate is having to be accountable to a system I lack information to effectively manage. One of the great things about leading a small business is that we can be flexible. If there’s something about the company that doesn’t work, we don’t have to re-invent […]

Becoming Jordan Peterson

Don’t be a business owner trying to take accountability and ownership of other people’s stuff … their problems; causes; tirades. Put your own room in order first. Don’t go out into the world and assume ownership of other people’s stuff. When you martyr yourself on these causes you clearly can’t make a difference on, you […]

Return on Investment

What’s the difference between someone who says they want to make money and makes it, versus someone who says they want to make money but doesn’t make it? You may remember I posed this question to a group of high school students in an episode of Daily Genius. I’m repeating it here because it illustrates […]

Short Term Pain Mitigation

Keep your hands off that marshmallow. Here’s a quick explanation if you don’t know what I’m talking about: in the 60s there was an experiment done at Stanford involving delayed gratification. A group of children were each given marshmallows and told that, if they resisted the temptation to eat them immediately, they’d get another. Later […]

Don’t Abdicate Your Accountability

You can’t hide from your money. I have nothing against book keepers or accountants, but I think a lot of business owners abdicate to them much too early. Your cash flow is the life-blood of your business. Your financial data is the foundation of your strategic planning. Knowing your numbers is mandatory to effectively run […]

Put Your Money to Work

One of the themes that emerged at one of our recent Command & Conquer workshops was the question, “what exactly do I want in my life?” It’s easy to get carried away. Most of us tell ourselves and others that we know EXACTLY why we do what we do. But that couldn’t be further from […]

The Offer Roundtable

What do you have that the market wants? Any entrepreneur (or prospective entrepreneur) needs to know the answer to that question. After all, the core of your business is selling your offer – if people don’t want what you’ve got, you don’t have much of a chance of making yourself sustainable. Which is easy to […]