Patrick Francie
speaker
118 appearances
1 recordings
1 series
first heard May 2025
last heard May 2025
Patrick Francie’s voice in public audio — every appearance, attributed to the second.
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Appearances
there's always another deal don't chase it do your diligence don't get caught in your ego but this is such a great deal yeah okay well it's not that great and it's going to stretch you and you're not ready for it there's always another real estate deal
Well, a little bit about me, Cole's notes is I've been in business just over 40 years. I'm still fired up, ready to go. You know, there's that old phrase that when your vocation is like a vacation, you never work a day in your life. That's how I've been feeling for a number of years. I started in Edmonton, Alberta, Canada, a couple of retail businesses out there. I've been entrepreneurial.
It's where I did a lot of my real estate investing. And in 2000, when I started real estate investing, I came across an organization called the Real Estate Investment Network, which was all about providing education to primarily do it yourself real estate investors. We didn't sell real estate.
We literally had a subscription or membership-based business community of like-minded individuals that wanted to learn how to invest in real estate. That organization grew to be national right across Canada. That's the coolest notes of where I'm at today. I started my podcast, The Everyday Millionaire, in 2014.
And my wife, who is an Olympic and world-class mental performance coach, and I, we do a weekly show called Mindset Matters. It's under the umbrella of The Everyday Millionaire Mindset Matters. And both her and I have done a lot of the personal professional development coaching over the years. And that's a little bit about me.
Well, you know, I'll give you a little bit of a quick backstory was that I had been approached back in about 2014 and leading up to that to write a book. You know, Patrick, you got to write a book. It's all about branding. You've got a great message. You should do that. I didn't feel like I had a book in me, number one.
And secondly, you know, hindsight, I'll probably still end up writing a book at some point in the near future. But at that time, I always was under the, you know, there's things were changing so much. And I say, and it's great to say you're an author, but I want my work to be current. And it,
know if you got a book unless it's a really special book you know they kind of have a shelf life so that's all to say that as i'm contemplating the you know a little bit of peer pressure that i was feeling i was literally on the beach in st lucia kicking back and reflecting and taking some down time and the whole concept of podcast popped into my mind in literally in a meditation on the beach and i
didn't know anything about podcasting it was pretty new back then i mean it was not a lot of you know podcast was not common and i thought well what a great way to stand out and then the concept of the everyday millionaire because of what i found myself tommy is across we have 3 000 members across the country and just ordinary people
that were growing and building their real estate portfolios, but within our cohort was a number of business owners, 60% of them. And I realized that everybody aspires to make money, invest in real estate as one of those avenues and to build that network of a million dollars, that was a target.
And still to this day remains that, although it doesn't sound like a lot of money these days, it still is a goal.
for many and i realized that i was surrounded by individuals who just quietly were people who lived their life went to work quietly built their businesses and the next thing you know they are what i would refer to as everyday millionaires and so the premise of my show the everyday millionaire was really just built on seemingly ordinary individuals who achieve extraordinary results.
Hence, I enjoyed having you on my show because here you are, this young man that had this weird idea, went through all the trials and tribulations that you went. The next thing you know, you're crushing it in a whole new business and doing your thing and making a difference in the world. And that was the whole concept.
The actual definition of having a millionaire status is a net worth of liquidatable assets of a million dollars or more, not including your principal residence. That's the kind of the box that... Oh, I didn't know that. Yeah. So that's the box I play in so that... It is the benchmark. It is a benchmark. And it's not my benchmark. I adopted it from that explanation that I was given.
Because ultimately, you know, to be that individual that has a net worth of a million dollars, you don't want to have to give up your home. You don't want to have to give up your key assets. You know, you don't have to sell your Rolex watch. I mean, ultimately, you want liquidatable assets. I guess a Rolex watch could fall into that category.
But, you know, assets that are a million dollars or more.
I know Dave Ramsey. I own the trademark for the everyday, the everyday millionaire here in Canada. I think he's got it for the U S or he has that tagline somewhere along the line.
Well, ultimately, we showed people how to invest in real estate, what we would consider the right way. So a lot of people get into the world of investing in real estate because they see a boom cycle. You've been through it in the US, different states, of course, in Canada, same thing, where you get into these boom cycles and everybody becomes a real estate genius.
My brother-in-law, hey, he just did a pre-construction condo and he didn't even have to take possession of it and he made $150,000. Well, now he's bought five of them and I can do that too. So it isn't really investing. It's speculating. Some would even argue gambling.
So, you know, ultimately what we were teaching is how do you invest in real estate the right way based on the economic fundamentals that drive real estate? So in the world of real estate as investors, what is it we're trying to do? We're trying to look into the future.
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