Wow! Another milestone worth celebrating. This is the 100th issue of this newsletter. Thank you all for being a part of this journey and I hope you continue to find value in what is shared here weekly. I want to remind you that registration for our Tax-Efficient Wealth Summit on June 1st is still open and we’ve extended the EARLY BIRD discount to this Sunday, May 12th. So, hurry and take advantage of this before it expires! I also share a few other nuggets in this issue. Enjoy and remember to share this with everyone in your network:

1. Tax Season Is Over…Now What?

For many of you, the tax season is over as you’ve now filed your taxes, paid your taxes owing or received a refund of your money from the government. The temptation now is to put this aside until this time next year.

No, No, No!! Not so quickly…

Now is the time to start planning so you can pay less tax next year, perhaps get a bigger refund or have your money working much harder for you. And there is no better way to kickstart that plan than planning to attend our upcoming Tax-Efficient Wealth Summit taking place in Mississauga on Saturday, June 1, 2024! This event will be in-person from 10 AM to 2 PM. This event will focus on practical ways you can build wealth in a tax-efficient way. I will share a new way to start planning and thinking about retirement income and my special guests will share on practical tips on how to manage your investments and financing. To learn more and to register, Click Here.

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2. The Battle Is Daily…Are You Prepared?

One of the reasons life is both interesting and challenging is the unpredictability of the daily battles we face, whether it is related to work, parenting, our faith or other relationships we have. Those who thrive prepare (emotionally and mentally) for the best and worst case scenarios. I was reminded of this when I came across this beautiful quote in my inbox recently:

"The most important battles must be fought anew each day.

Exercising today does not render tomorrow's workout unnecessary.

Supporting your spouse today does not mean you can mail it in tomorrow.

Learn to love the endless nature of things and life gets easier."

Yes, coping with life gets easier when you learn to love the endless nature of things and to live in an unpredictable world. James Clear, author of Atomic Habits, shares insightful quotes like this weekly. Consider subscribing to his weekly emails for tips on cultivating winning habits. Check it out here.

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3. Worried About Retirement?

With many people worried about running out of money in retirement and many others working so hard to build a retirement nest egg, it's no wonder why this is one of the biggest stressors of our day.

So, I invite you to join me and my guests on Saturday, June 1st for an in-person summit to learn about a new approach for you to consider when planning for retirement income. An approach that eliminates most of the stress we face today when thinking about retirement.

In addition to the great learning and networking opportunities, you will join us for breakfast and lunch catered by the hotel's amazing chef. You can get all the event details at https://taxefficientwealth.ca/summit/​

I look forward to meeting with you soon and hosting you at the event.

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4. Seven Skills That Will Help You Create Wealth

Recently, I listened to the BiggerPocket podcast episode 614 with guest Codie Sanchez. She shared some great insights on why you should buy rather than build, particularly when it comes to businesses. It was an interesting episode for those interested in owning businesses. In one of her recent Instagram posts, she shared these 7 skills that will help you create and build wealth:

• Understand Leverage: If you understand early how to get investor money, bank loans or OPM (Other People’s Money), you will 10x your wealth. In my book, Tax-Efficient Wealth, leverage is one of those accelerators to wealth that I discussed.
• Find Off-Market Deals: Whether in real estate, small business, jobs, clients, etc. majority use the public domains like MLS, Zillow, indeed, bizbuysell, etc. The pros go to the source and find opportunities before they become public. So, you have to learn to build relationships with owners or great agents who can send you deals before they become public.
• Learn to Analyze Opportunities: Can you tell whether a business is a good business or not? Do you know how to value a business, project future cash flows, etc. If you learn this skill, you’ll never be hungry.
• Mindset Shift: Rather than concluding that something will not work, train your mind to instead ask…”how could this thing work?”. With the right mindset, you will see opportunities where everyone else sees fear.
• Master Opportunity Cost: Most people waste their time on low return tasks like emails, coffee meetings, etc. Learn how to say “no” to the low return work and only do the high ROI (Return on Investment) work.
• Use Arbitrage: There is a trade called risk arbitrage that made many hedge fund managers wealthy. It was buying stock pre-merger and selling it when the merger was announced. Look for price dislocations (aka, arbitrage) in everything you do and take advantage of them.
• Be Decisive: At the end of the day, you have to take action. It’s better to make a decision than no decision. It’s all about decisions. Become better at making decisions and you will 10x your bank account.

5. What is a Perfect Investment?

In this short video, I discuss my top 10 characteristics for the perfect investment/financial vehicle and I also evaluate different investment vehicles against these top characteristics. This video is an excerpt of the full video I shared with members of our Tax-Efficient Wealth Membership Network. So, to watch the full video and other useful resources, you will have to join our membership here.