Patrick Francie
👤 PersonAppearances Over Time
Podcast Appearances
And still to this day remains that, although it doesn't sound like a lot of money these days, it still is a goal.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.