Series: Habits of the Wealthy and how I implement them into my Life (2)

habits of wealthyHabits. These are what turns us from ordinary into extraordinary. Through an ongoing focus and a goal for this year, I am striving to build not only financial wealth, but a more professional, positive and productive mindset. One way to change what we receive from the universe is to do something different. This habit is about how we spend our downtime.

I don’t want to title this “Don’t watch TV” because I do not feel it’s that simple. Let’s think of it as maximizing our time. 

Maximizing Our Time wrote an article entitled 9 things rich people do and don’t do every day. Here are some stats they share on the use of time:

They don’t watch TV.
“I watch TV one hour or less per day.”
Rich people who agree: 67%
Poor people who agree: 23%
They read … but not for fun.
“I love reading.”
Rich people who agree: 86%
Poor people who agree: 26%
Plus, they’re big into audio books.
“I listen to audio books during the commute to work.”
Rich people who agree: 63%
Poor people who agree: 5%

Variable statistics range in that the average person reads between 1 and 5 books a year. Wealthy people read an average of 30 minutes a day or more on self-improvement, and choose to listen to books during commutes and other times.

From Dave Ramsey’s website: President Harry Truman once said, “Not all readers are leaders, but all leaders are readers.” In The Millionaire Next Door, Stanley says that the average millionaire reads one nonfiction book per month.

The Ways To Implement Change Into Your Life

I love to read. (Nerd moment: all reading is played out in my head like a movie. Just like a movie, I cannot stop it part way. This is part of why reading is hard for me to do in pieces – I want to read it all at once!)

While I was growing up, we had one television in the house. It was a 13” analog television, no remote, two dials and thirteen stations. One station was just fuzz, two were French, and the rest were of a basic variety. There were four of us in the house. While the demand on the television was not as bad as some houses, sitting on the floor and watching tv from a few feet away was not as comfortable as being in my room, on my bed, with a book or three, and not having to watch She-Ra because my sister’s turn to pick had come up. In fact, this tv was probably the reason we both were raised as readers. Neither of us prefer television as a means to pass time.

Today, I do not pay for cable television. We do not have a sports package, or the HBO channels. I watch what I want on Netflix, and avoid the commercials of the newest and greatest inventions that I must buy. Netflix binges do occur, but we try to limit them by turning it off after a few episodes. I read, listen to books, play puzzle games and have conversations. Follow it up with reflecting on and schedule my week. I load up my audio books for the drive to and from work, and I read other people’s blogs about the topics that interest me.

While it’s not an easy task to schedule in time to read, it’s easy to do when the television is turned off. How many hours can fly by when you are watching “something”, then just one more episode, and just one more minute. Same thing can be said about the internet: There are so many cute kitten pictures and funny videos of people falling down that you could entertain yourself all day. Instead, turn off the television and turn off the social media. Pay attention to where and how you are sitting, and get comfortable. Pick up a book (or e-reader), newspaper, or any other resource, and read. Stretch your mind, learn some new words, and best of all, think.  

There is a link above called Resources. You will find a list of books that I have read during my journey of learning about investments, and a few others that have motivated me. I recommend checking them out. Even a 30 minute break from the screen can help you sleep better, and feel better. Plus, you will have more to talk about at the water cooler tomorrow. 

Another option is audiobooks. I no longer listen to the radio in my car, as I was tired of hearing the commercials and the same songs on repeat. I wanted something that would make me think and improve my life. There are apps available to download free podcasts, audiobooks and news summaries. I use Podcasts for Apple, and subscribe to a variety of podcasts that interest me. The podcasts automatically download while I am on wi-fi, and automatically delete after I’ve listened to them. 

If you enjoy listening to the radio or having the television on while getting ready in the morning, you aren’t alone. Streaming a podcast or an audiobook is a great substitute and is a wonderful way to get in some extra reading. Wake up with your coffee and a great book while you get ready in the morning or walk the dog.  

So the next time you find yourself sitting in front of the television after dinner, mindlessly watching another sitcom about some dire situation made into reality tv, turn it off. Reach for a book and enjoy some learning instead. After all, these are the habits of the wealthy! 

Indigo/Chapters: So Many Books To Read

Fear of Failure Is Not An Option


Fear of Failure

Fear of failure is real. It can hold you back, it can render you unable to make a decision, and it can force you into making decisions that you otherwise wouldn’t make.
We all want to be average, at the very minimum. Being average doesn’t make us stand out, it gives us average things, and helps us keep up with the average Jones’.  We can hide with other average people, and if you do not meet the standard of success, you can rely on being average.

Average is great but…

If you set out for success, and you fail, you have placed yourself below average. (In your mind.) This does not need to be the case! It does not make you a loser. What makes a loser is the one who did not go for success because he was afraid of trying.
I am not afraid of failure. I have already failed at so many things, so anything from here is onwards and upwards!

…Failure is no more than the cost of tuition.


I failed at a business. When I was in my 20’s, I thought I wanted to own and run a property management company with a friend. We thought it would be a huge success, and we had great ideas for getting it off the ground. We had a few clients, and had some success, and we also had a lot of competition. It was hard work. We didn’t give it as much effort as we should have, and it just dwindled to a passing memory. I also learned that my business partner wasn’t the most ethical one to be in business with. 

Relationships, love and marriage

I failed at love. At the young age of 24, I was married to a man who said he wanted all the same things as I did. I learned that we could have the same plans and dreams, but without hard work, communication and commitment, a marriage will not survive. At the end of the day, we were both not ready to do the work that we needed to do to respect each other and the marriage vows we had made.


I failed at money. After my marriage ended, I was left with a lot of debt and responsibility while I was in school, training for a new career. I was forced to make some hard decisions that would follow me around for years after. My credit history suffered, and had to learn to find other options when credit was no longer available to me.

Corporate world 

I failed at different positions and different jobs. Sometimes they weren’t a fit, sometimes life took too much out of me, and I didn’t realize I wasn’t giving enough back.

Eventually, something will stick 

With all that failure out of the way, I am ready for success! I learned how to communicate in relationships and to pick my battles. I learned average is not enough in my career, and I learned that money and money management is necessary to be the most authentic me I can be. I learned love is not just a state you feel or fall into, but is a work in progress each day. It took me years to discover who I am and how much I can do. I can truly do just about anything.
So many people would look at all my failures, and retreat to safer ground. I feel the opposite. I feel invigorated – look at all the experience I have had, and I have learned what not to do. I have learned how to push myself, and how to aim just that little bit higher. At one point in my life, I had felt as though my dreams were over, and that I would not be able to meet them.
I’m over that now.
I dream big, and I plan even bigger. I aim to be the best I can be, simply because I have a great chance of making it.

My Truths

I wanted to share my story with you, because of the following truths:
1. I am not embarrassed that I have failed at so much. So what if I have not achieved all that I had set out to do? I have learned so much about setting goals, and researching and asking for information necessary to do better, and I know I can. 
2. I am proud that I have tried! I can say that I have tried these things, and even though I might not have met the goals I wanted, I can say I stood apart from the averages and gave it a shot.
3. I now know I can achieve anything I want, with determination and hard work.


I have experienced success in my career – and it took time to find the right fit, appreciate the environment around me, and learn how to give and take to make it the right fit. I learned that your personal success cannot be measured through working for someone else. Your personal happiness cannot be determined or measured by someone else. You need to find what makes you happy, and do it. Work is work, and when someone employs you, you need to understand that you will not always get the pat on the back that you desire, so you need to learn self-worth elsewhere.


Time has taught me what is important in my relationships, and how to appreciate others. I took the time to understand what I value, and what I am willing to give of myself. I have boundaries and expect that of others. I have found success in a relationship, and I have learned that not succeeding in a relationship is not a reflection of only me – it’s a reflection of two people who may or may not be in the same place at the same time.

No Longer Afraid

I am no longer afraid of failure. What’s the worst that can happen? I have started over time and time again and I am strong enough to do it again. I equate failing with learning to ride a bike. I will get up again, I will mend the cuts and bruises, and I will ride without falling. I will find that stone in the road, or crack in the sidewalk, and I will fall again. I accept this, because I know I will get right back up and try again.
Life is like that. I will not let roadblocks slow me down. I see the light at the end of the tunnel, and by golly, I am going to make it. 


 Join me on Twitter, Instagram, Pinterest and Facebook! I want to hear what your roadblocks are, and how we can fix them together. 



Canadians, rejoice!

The time has come! We finally have an app that does what the coveted Acorns app does for the people south of us. It’s called Mylo.
Mylo is a Montreal-based FinTech startup that has created the only app for Canadians that mimics the old-fashioned change jar….with a twist.
From their own words: “Mylo is a mobile platform that automatically rounds up every purchase that users make and invests the spare change. Then, once plugged in, Mylo uses its proprietary user transactional data and artificial intelligence to provide personalized insights and recommendations so that users can make better financial decisions. Mylo helps optimize users’ insurance coverage, reduce interest payments, maximize travel points and more.”
Mylo is a program that runs only on your smartphone. The program will monitor your spending on both purchases and payments. It then rounds up the amounts based on how you direct the program to proceed. For example, you pay $42.38 for groceries, and you set up the program to round to the nearest dollar. This saving machine will deduct $0.62 from your account, and deposit it into an investment account. Not only does it invest your funds to increase the value of your savings, the program will also let you know how far along you are on meeting a goal, like saving for a vacation or retirement, and there is never a time that you are not able to access your money.




What does that mean and how does it work?

It’s actually pretty simple. If you head to the app store on your phone, you would need to download the Mylo app. It’s free to download, of course, and available to both iPhone and Android users.
Big picture: How much you have saved. Congratulations!
See ahead of time what is being transferred. You can also choose to deposit extra to build up your account.
Get the breakdown of where you spent your money.

Step One:

Open the Mylo app, and follow the prompts. It takes about three or four minutes to set up your preferences and to answer some questions about your investing background. It’s good to know how much risk can you tolerate, are you a new or seasoned investor, and a few other risk related questions that will help the program and your investment advisor select the right investments to maximize your dollars.
(Don’t forget to add promocode BENDNEVERBREAK to get your first $5.00 free. Click on Account, Settings, Got a Code and enter BENDNEVERBREAK to collect your reward.)
See how far along you have come, and how much more you need.

Step Two:

Choose a goal for your account, like Vacation or Home Purchase, and the goal amount. You also establish the desired achievement date for that goal.


Mylo monitors your account for transactions, and rounds up the transaction amount to the nearest dollar. Similarly, where you would have change in your pocket, the program automatically plans to transfer the change to your new account at Mylo. If you signed up after May, 2017, there is a fee of $1 per month.

What if I have a limit on transactions coming out of my chequing account?

Mylo only transfers once a week, regardless how many transactions you have made. Also, all round-ups will come from one account, even if based on multiple accounts or credit cards.

Wow, now what?

Here’s the best part. Do nothing.
The funds transferred each time are minimal, so you don’t need to budget a set savings amount. The program checks to see if there is enough to withdraw the funds that week, so you do not go into overdraft. Therefore, money flows bit by bit into your savings account, and is invested.


I have been using Mylo for about two months, and I have been more mindful about purchases lately. Just by paying my bills and other transactions like grocery purchases, gas and debt payments, I have already amassed $45.00 in my account.
If you only use Mylo for the most basic purpose of saving spare change, you will be in for a surprise at how easily and quickly you can save money.
You can transfer lump sums into Mylo, and soon the company hopes to open up more options, like offering registered retirement savings plan (RRSP), and tax-free savings accounts (TFSA), to name a few.

Wait. So my nickels and dimes collect into this account, it gets invested to make more money, and I don’t have to do a thing?

Financial advisors still recommend having a portion of your income go directly to savings, of course, but this is a great way to put away money pain-free.

How do I know my funds are safe?

Mylo features complete advanced bank-level security. It’s backed by Canadian ShareOwner (owned by WealthSimple). Your funds are insured up to $1,000,000.00.

Why are you telling us about Mylo?

You all know I am on a journey to save more, spend less, want less, have more… and this is just one tool that I have added to my personal resources. I hope this helps you out too.

Update: Feb. 2018: I am still using this great program! There were a few hiccups when I switched from a major institution’s bank account to a credit union’s bank account as my primary account. As soon as I reached out to the service team, they responded to my inquiries quickly. I was so impressed with how fast and simple it was to work out the wrinkles, especially when using a lesser-known credit union. I still recommend Mylo to everyone!