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Sherwin Buydens

Sherwin Buydens

living in Vancouver
   
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TOTAL VIEWS: 365|PUBLISHED CONTENT: 25|FAVORITED BY: 1|CONTENT PRODUCER SINCE: 06/15/2007

I have done relatively well as an investor buying government and bank foreclosures and selling them off for a tidy profit. Thankfully, I have said, "Goodbye." to my day job.

Education/Experience: Bachelor Degree - Communications and Fine Arts Simon Fraser University Vancouver, Canada

Interests: Commodities Trader, Real Estate Investor, and overall 'Renaissance Man'

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As a worker, I am just another cog in the tax machine.
My success has essentially taken off like a small ice ball rolled down a hill of snow.
Many people carry that "I don't want to be too successful" or "It's too hard to be rich" mentality.
Earning a passive income, that is, earning an income without lifting a finger which is equal to or preferably greater than your expenses is what I call "getting ahead of the eight ball" or essentially...
Other People's Money or OPM is a common vehicle that allows people with money to earn more money.
One of our most daunting tasks I believe is to remove our subjective selves and to be objective in a realistic way.
A common technique for many people to save for there child's future is through a 509 plan.
One of the turning points in my life that cemented the fact that I no longer had middle class aspirations is when I read "The Richest Man In Babylon".
The first step must be your initiative.
For most people who aspire to be middle class, contributing to your 401k plan is one of the smartest choices you'll ever make.
Now a story we all wish for - inheritance.
Emergencies maybe can't be avoided, but they can be planned for.
More and more in my opinion, we are becoming a nation of spenders. Instead, we should become - not savers, but investors.
One of the best ideas I heave ever heard of is pre-paying big bills and I'll include taxes for us self-employed types.
I recently saw an article in which the writer had bought something like $2500 of goods at Circuit City for 2 years interest-free and decided to put her money instead into a CD
Sometimes it can be a challenge to decipher need from want.
A large number of foreclosures are appearing because people simply overspent and could not keep up with the payments.
So whether you 55 or 25, you are at the helm of your own financial future and a bankruptcy is only a stumbling block - albeit a major one.
A lot of our spending habits can be attributed to our generation and how easily credit can be had
Two things in the news struck me this week that suggest that people simply should take better responsibility for their money.
Okay, your son, daughter, girlfriend, husband, first cousin who is an ex-con wants a loan.
Somewhere I heard that up to 25% of the drivers in the Los Angeles area used to drive without insurance . . .
Rot in hell before I pay this fine one day before I have to. How many times have I said that? Too many times, and learn from me - you should not wait either.
Suppose you are driving up a hill and . . . you look over to the right and there you are, in the same car, with the same features.