If you could own 10% of anyone you know for life.

Today I'm going to write on something that has helped me tremendously over the last year.  I can't take credit for it, as I first heard the idea while listening to a talk that Warren Buffett gave to a leading university.  Although because I don't remember it word for word, I have modified it to my own liking, and I hope you like it too.


Mr Buffett asked the class, to ask themselves if you could own 10 percent of anyone of your classmates who would it be?  I'm asking you this, if you could own 10 percent of anyone you know, who would you pick and why? Now your probably going to pick someone who's got it all, good looks, good health, good fortune, and good family.  Now that you have a person in mind, you have probably picked them not because you like them the most out of anyone in your life but you may like their traits.  Things about them that stand out.  If you were to write down on a piece of paper all of those good traits, what are those traits that this person possesses?  Do they get up earlier? Study or work harder? Have a outgoing personality that can get along with just about anyone?  What is it about that person that you would want to own?


Now flip it.  Opposite question.  If you could get rid of, or dispose of 10 percent of any person you know what would that 10 percent be and why?  Now this may be someone who is a little low on the intelligence scale, or someone who has an addiction problem.  Someone who doesn't care about their personal hygiene.  Write down all of those traits that you dislike about that person and why.  If you do this exercise it brings to light the pros and cons of human personality reality.  Try it out.


At the end of the day, you don't need to own 10 percent of anyone else.  You own 100% of yourself.  All the qualities that you wrote down about the person you would like to own are learned qualities.  No one is born with all of those qualities you desire.  They are conditioned and raised to have these traits or qualities.  You learned to walk, to talk, and live interdependent amongst society.  You learned to read, as you are reading this blog post.  To listen and to love.  The list goes on and on.  If you learned all of these things, you can learn and re-wire yourself to have the same qualities of the person you would potentially want to own 10 percent of.  You can learn yourself to be that person, or better.  Inversely, you can change any qualities or stop any habits of yourself that you don't like.  Through consistent and persistent discipline you can dispose of the negatives that are slowing you down.  


If you were to write down 4 habits a year, that you dislike. EG. Eating out, binge drinking, watching to much TV, over spending.  Then consciously substituted them for 4 habits which would improve your life, EG. Healthy eating, exercise, reading, and volunteering what do you think your life would look like in 10 years.  4 habits a year, for 10 years.  You would have disposed of 40 habits which drag you down, and picked up 40 habits that improve and move your life forward in a positive direction.  A world of a difference.  You can either live with the pain of disciple and reap the rewards, or you can live with the pain of regret and face the consequences.  Now many people ask me the question WHY?, and my simple response is, and I'm asking you this now, WHY NOT?


Until next time, have a great life! Unless you choose otherwise.


If you have any questions or comments about my writing please contact me.


Oh by the way, if you, a friend or a family member is thinking about buying or selling real estate, give me a call and I will be more then happy to help!

How much home could your rent buy?

How much home could your rent buy?

The days are getting longer and mortgage rates are wonderfully low as we move into spring housing market 2012! In fact, homeowners are locking in some of the lowest rates in history.  This Great Canadian Mortgage Sale is a good time to take a look at how much mortgage you could afford given your current rent.  Your dream home may be more affordable than you think!

Rent Today	Mortgage Tomorrow*	Home Purchase
$1,250	$290,176	$296,861
$1,500	$348,211	$356,233
$1,750	$406,246	$416,606
$2,000	$464,281	$474,727

Your monthly rent cheque doesn't have to be money out the window. It could be building equity in your own home.  

Keep in mind that home ownership involves costs beyond the monthly mortgage payment like utility bills, insurance, and property taxes. We can help you determine what you can comfortably afford.  

^{*Assumes 30-year amortization, 5% downpayment, 2.95% mortgage insurance premium, 5-year term, 3.19%, OAC, subject to change. For illustration purposes only.}

7 Things I've learned, and still am learning

I love lists, particularly lists that help me do a better job with my life. So here's one such list: Things I've Learned (and am still learning):  

1. You can't change the past, so don't worry about it.

This is one of the most obvious rules on the face of the earth, but most of us worry to some extent about the past. We think about things we should have said, should have done, might have done better, could have done worse, who we might have married, what jobs we should have taken, what we might have studied in college, and what we shouldn't have ate.

We also worry about hair we've lost, weight we've gained, problems we've had, conversations never started, diets never followed, and roses we should have stopped and smelled (bad phrase, but you get the idea).

It's a stupid thing to do. We can't change the past, no matter how hard we try. We can't "undo" the decisions we made 20 years ago or even yesterday, and we can't re-make decisions that we really should have made.

But here we are -- every day, millions of people shortchange their present by worrying about things that took place (or didn't take place) sometime in their past life.

Let's face it -- short a time machine, we will never change our past. Get used to it. Forget about where you were, concentrate on where you are now. You can't drive very far by looking in a rear-view mirror. Sure, we can lie about our past, if we wish, but that's a job best suited for a historian or a politician. Get used to who you are, and make amends with where you came from.

2. Change is inevitable. Adjust.

What's that old adage? "Change is inevitable, except from a vending machine." Things change. We change. Our loved ones change. We may lose hair on the top of our head, and gain hair in other areas. Companies go under, people change jobs, people are born and die. The seasons around us change, and the seasons of our life change as well.

Change is something that we live with every minute of every day, and yet it's one of the hardest things that people deal with. Every new hire and every retirement is a change. Every house sale, new listing, or expired listing chances the real estate market. The mix in our families changes as people move, become ill, are born, or die. Things change, and we have to change with it. Some time ago, I listened to a set of lectures by Dr. Murray Banks, a psychiatrist who gave speeches and wrote books on the side. One of the things I remember the most about that set of lectures is that much mental illness comes about as the result of people not adjusting well to the world around them.

I know I've mentioned it before, but if you haven't read the short book "Who Moved My Cheese," then consider reading it. It takes just a little time to read, but if you spend some time thinking about it, it can change much of the way you look at life. Essentially, it boils down to this: Circumstances change; adjust to the change, don't sit around looking for the good old days to return.

3. We can choose what we think about -- and we should choose to think positively.

Earl Nightingale, absolute genius, called this his "strangest secret:" We become what we think about. If that's true (and it is), then we should choose to think about those areas that make us better -- but many of us concentrate on thinking about things that make us worse. Too many times, we choose to dwell on the bad things in life -- but all that does is make things worse. Dwelling on the best things in life -- the positive things that happen in our life, or our positive prospects for the future -- make us better.

4. Give credit, give love, give guidance, give support, give courtesy.

Many people never learn this lesson: give. Sure, they give at Christmas or birthdays, but they never learn to give the things that really matter.

Give credit where it's due, and recognition to the person who sacrificed to make something good happen.

Give love to those who should feel our love -- our families, our friends, our "loved ones;" -- so many times, people suffer a drought of love in their own lives, and they never realize that in order to gain love, you show love to others.

Give guidance to those who work for us, or to our children, who are trying to learn from us. By giving guidance to others (at least when you're right), you show leadership values, and become a leader.  Everyone needs a leader.

Give support to all who need it. Around us are people (some of them are friends and loved ones) who need a helping hand, and those who have a hole in their lives. Your support and encouragement will help them to pull their lives back into focus.

Give courtesy to your loved ones. It's strange to say it, but usually we will show a greater courtesy to a common stranger than we will to our closest family members. Look at your own life -- I bet you can see it. It's time to change it.

5. Life is a do-it-yourself proposition.

Sounds funny, doesn't it? But too often, people wait for something or someone else to change their life. We wait for the government, or the school, or our work, our faith, our spouse -- we wait for all of them to make a difference in our life. We wait for the lottery to bring us riches, or we wait for some talking head on TV to tell us what to do.

Life is a do-it-yourself kind of thing. But most of us don't learn that until later in our lives. It's time we learn it when we're young -- "If it's going to be, it's up to me."

6. Persistence pays off.

I've got a quote from Benjamin Franklin on my wall: "Stick to it steadily and you will see great effect." Invest steadily, Save steadily, Exercise regularly. Vacation regularly. Put time and effort into anything and everything, and your efforts will pay off.

7. Learning matters. Learn deeply and keep learning.

Did you ever see the movie "Groundhog Day?" Bill Murray spends the same day over and over and over and over again. Finally, he decides to learn and grow -- and as a result, he becomes a greater person. You might not be living February 2 over and over again, but I bet sometimes it feels like it. But learning should be a never-ending quest for enlightenment. It should be more than merely reading a book or two a year. It should be a planned, developed quest for self-improvement. It should be something we all relish doing. Through constant, life-long learning, we can become the renaissance man or woman that we really should be.

"In order to learn, one must changes one's mind."

Oh by the way, if you, or a family member or friend are thinking of buying or selling real estate in the near future, give me a call! I will be happy to help with all of your real estate needs.