Okay, so I finally figured out the problem with how I had Gumroad set up for the free download. It kept asking for credit card information even for a free item.
I now have it sorted so it won't even ask.
If you didn't try to download the 15 free articles before... now its easy.
These articles appeared in 2007 and 2008. I've sifted through and updated some and only kept the ones that are still relevant today.
Download the 15 articles now.
Tuesday, May 27, 2014
Introduction to Peer-to-Peer lending websites: Podcast Interview
One of the ways that direct lending has evolved is P2P or 'Peer-to-Peer' lending. In the US and the UK there are website communities such as prosper.com which allow people to directly lend to each other by taking a small position or piece of an overall loan.
These sites, and copycats, have been barred from operating in Canada by banking and securities regulators.
Click 'play' below to hear an interesting interview from the FTM Weekly Podcast in which Tommy Cloud, Certified Financial Planner, explains P2P lending to Jerry Robinson and how he actually helps his clients obtain superior yields using the Prosper.com community.
Very interesting interview. Click here for podcast website.
These sites, and copycats, have been barred from operating in Canada by banking and securities regulators.
Click 'play' below to hear an interesting interview from the FTM Weekly Podcast in which Tommy Cloud, Certified Financial Planner, explains P2P lending to Jerry Robinson and how he actually helps his clients obtain superior yields using the Prosper.com community.
Very interesting interview. Click here for podcast website.
Thursday, May 22, 2014
The $75,000 Truck Loan that Wasn't
Time for a little story about a truck loan that didn't quite work out. The moral of the story is that you need to have a process and an idea of what you're doing when you get involved in a private lending deal.
Enjoy.
Don't forget to buy my book.
Also, to download the 15 business finance articles for free, just put a 0 in the price box when it asks you to put in credit card information.
Enjoy.
Don't forget to buy my book.
Also, to download the 15 business finance articles for free, just put a 0 in the price box when it asks you to put in credit card information.
Wednesday, May 14, 2014
The Canadian Real Estate Bubble
In my book I talk about all the reasons I'm not invested in income properties right now. I talk about how asset prices for income producing properties are related to interest rates and since those can't get any lower, the likelihood of continued increases in income property prices is unlikely.
There is, however, a much bigger problem for real estate in Canada. People are maxed out and if interest rates rise people will start to find their homes un-affordable, especially those who haven't locked in a rate.
This means there is a potential 'correction' for the market. People who can't afford their new mortgage payment will try to sell the house, more supply and reduced demand because of the same rate increases will lead to lower home prices.
I don't expect a big nominal price crash in places like Moncton, but I think people in Toronto may be in for a big surprise over the next few years. Also, a drop of as little as 10% will wipe out all the equity of most buyers who bought in the last couple of years. This turns these people into little more than debt-serfs to the banks as they'll be paying on a mortgage that's worth more than the home its secured against.
What I've seen in my own neighbourhood is that home prices have been stagnant over the last 18 months or so and more 'for sale' signs are appearing all the time.
Whenever the price of one of your assets remains constant, you are actually losing value. This is because of inflation. Depending on how you measure inflation, this means that houses in my neighbourhood have actually lost between 2.85% and 9% over the last year. (Read the inflation chapter in my book to understand how we're all in a race against new money creation by central banks.)
Banks make money by making mortgages and collecting interest and so they often 'talk their book' by trying to tell everyone how great things are.
I found this recent YouTube video by Patrick Doyle to be pretty funny. I especially like when he satirizes CIBC economist Benjamin Tal as a 16th century Dutch Tulip Analyst.
Take a look:
Also, just for fun, type 'Canadian Real Estate Bubble' into Google or YouTube. A lot of people are talking about this.
There is, however, a much bigger problem for real estate in Canada. People are maxed out and if interest rates rise people will start to find their homes un-affordable, especially those who haven't locked in a rate.
This means there is a potential 'correction' for the market. People who can't afford their new mortgage payment will try to sell the house, more supply and reduced demand because of the same rate increases will lead to lower home prices.
I don't expect a big nominal price crash in places like Moncton, but I think people in Toronto may be in for a big surprise over the next few years. Also, a drop of as little as 10% will wipe out all the equity of most buyers who bought in the last couple of years. This turns these people into little more than debt-serfs to the banks as they'll be paying on a mortgage that's worth more than the home its secured against.
What I've seen in my own neighbourhood is that home prices have been stagnant over the last 18 months or so and more 'for sale' signs are appearing all the time.
Whenever the price of one of your assets remains constant, you are actually losing value. This is because of inflation. Depending on how you measure inflation, this means that houses in my neighbourhood have actually lost between 2.85% and 9% over the last year. (Read the inflation chapter in my book to understand how we're all in a race against new money creation by central banks.)
Banks make money by making mortgages and collecting interest and so they often 'talk their book' by trying to tell everyone how great things are.
I found this recent YouTube video by Patrick Doyle to be pretty funny. I especially like when he satirizes CIBC economist Benjamin Tal as a 16th century Dutch Tulip Analyst.
Take a look:
Also, just for fun, type 'Canadian Real Estate Bubble' into Google or YouTube. A lot of people are talking about this.
Monday, May 12, 2014
The truth about eating out. You'll never accumulate wealth if you spend all your money... and erode your health.
I read a great article today on Zerohedge and the infographic presented sent such a powerful message about how we spend our money and what it means in the long run. Prices are in USD but proportionately this would likely be true everywhere.
Read the original article here
Read the original article here
Thursday, May 8, 2014
Another great review of Invest Local
Well known financial-issues blogger and author Danielle Park took the time to read Invest Local and posted a great review on her blogsite.
Take a look.
Juggling Dynamite Blog
Take a look.
Juggling Dynamite Blog
Tuesday, May 6, 2014
Growing a business to DEATH!
I had a coaching call with a young lady from The South who was having trouble in her business and thought she needed a loan.
By asking the right questions, I was able to uncover that the real problem was her payables.
Take a look and let me know what you think.
-dave
By asking the right questions, I was able to uncover that the real problem was her payables.
Take a look and let me know what you think.
-dave
Thursday, May 1, 2014
New Release- 15 of my business finance articles that appeared in eNBusiness magazine
FREE -- Last night I decided to put together 15 of the articles that I had written for eNBusiness magazine that are still relevant today. The package can be downloaded for FREE. My hope is that you pick up an interesting tidbit or two.
Click here to Download
Download your FREE copy here
Click here to Download
Download your FREE copy here
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