Episode 36 with Gordon Stein [Podcast]
Before I introduce this week’s guest, I want to tell you about the new book giveaway.
Last month I gave away a copy of Sean Cooper’s Burn Your Mortgage. Congrats to Allison from Manitoba as the winner of a signed copy of the book!
From June 15th to July 31st, 2018, I’ll be running a new giveaway for 5 signed copies of the new book Cashflow Cookbook, written by today’s guest, Gordon Stein. Thank you Gord for donating 5 copies and signing them all.
So if you like the episode and want a copy of the book, just go to beauhumphreys.com/giveaway/ and enter for a chance to win one of the books.
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Gordon Stein wants you to build 2 million dollars in wealth over the next 10 years.
If you implement every cashflow savings idea in his book, and then take that saved money and invest it over 10 years at 7%, you will have an extra $2 million.
How does that sound?
Ok, maybe every part of the book doesn’t apply to you, but with 60 different cashflow recipes, you will find some area of your life where you can save.
The point is that, wherever you are spending money in your life, you need to review that spending every so often to see that it makes sense.
Paying $100 a month for a storage locker? What’s really in there? Could you sell the stuff, and invest the $100 a month instead?
Buy your lunch every day at work for $10? That’s $50 a week. $2,500 year.
If you invested $50 a week for 10 years, you would have $38,000. In 20 years $114,000.
This isn’t about giving up stuff, it’s about making little changes in your expenses that don’t really impact your quality of life, but free up small amounts of cash flow.
And if you apply these little changes to all the areas of your life, the little bits add up.
Gord spent 2 years compiling the list for you and put it all in a handy guide he called the Cashflow Cookbook. He sat down with me in Toronto to tell his personal finance story.
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If you liked this episode please subscribe to the podcast on Apple Podcasts or wherever you get your podcasts. It would mean a lot to me and it only takes a few seconds.
Don’t forget to head over to https://beauhumphreys.com/giveaway and enter to win one of 5 signed copies of Cashflow Cookbook. I watched Gord sign them all so I can verify their authenticity.
Thanks so much for listening to this episode of The Personal Finance Show.
Next week is my “Future of Payments” episode featuring Sam Mulligan from Mobeewave, Chris Chan from Dwello, Laurence Cooke from Nanopay and Sue Whitney from Payments Canada.