hey guys sent me here from project life
master comm I'm here with my brother
Andreas and we're in his living room
right now in his house and I thought I
would pick his brain a little bit on
investing Andreas has been very very
successful in terms of investing in
terms of real estate mutual funds stocks
business he's amassed a ginormous
portfolio of over a million dollars of
investments and so I thought you'd be a
great person to talk to you just kind of
dive in to some of these different
strategies and methods of you know what
people can do once they already have
money you know if you're making money
from Kindle publishing or online or your
job or whatever it is what do you do
with that money I think just I think
that's a very important thing because I
think a lot of people they they can be
good at making a lot of money but they
don't know what to do with it once they
have it so do you want to maybe share a
little bit about just your experience
with investing and maybe how you got
into a little bit and where you are
right now with it well you know what I
was concerned I started with
construction right and it was a great
cash flow it was a business that I got
into and it generated a lot of money for
me and so it allowed me to not only grow
my construction business but also I had
a lot of extra cash and so quickly I
started to and it was around the time
also that I was involved with my wife we
were dating her father is one of my
mentors and in guards to realistic
guards to investing not real estate but
in securities he's done it his whole
life he's a pilot and really that was
sort of he had xx cash and so he's been
he had 40 plus years and accumulated a
lot of his wealth doing that and so
naturally marrying his daughter he felt
like he needed to educate me when it
came to investing so that I could secure
our future when I made money and so he
was very devoted in the sense that you
know he would share his knowledge in
regards she started me off quite easy
giving me some simple simple ways to he
was a big promoter that you should learn
yourself in what you invest a lot of
people will go to banks and they'll go
to
financial planners or advisors and
they'll give their money and they'll say
here invest for me and that's fine if
you don't have the time or the energy of
the patients or or even interest in
regards to learning what you're
investing into then then yeah then I
guess that's your only option I'm a big
advocate that if you're going to invest
in something you should know what you're
investing into and you should understand
the risks and rewards obviously
investing into it so you know he gave he
was big on providing me with knowledge
and putting me in certain magazines to
read books to read people to follow
things like that so I started to take a
lot of interest in regards to that I
actually started to really enjoy it and
I started to learn learn about a lot of
tools and mutual funds was very easy
place to go in a lot of low risk in
large part because the way they're
structured they're not a big fan
favorite and large because of their MA
ours their expenses and associated on
them when you're buying them or selling
them but you know for a safe vehicle for
people who don't want to invest the only
one invest a certain amount of time into
investing it's it's probably your your
best bet to go to start off with and so
you know he started me there he gave me
some powerful tips some great online
resources to go and to be able to check
the book check mutual funds and check
the history of mutual funds and success
rates and interest returns and things
like that he got me on to some pretty
famous and renowned people who run for
fund managers who had a great history
track record got me into investing in my
local market first educating me on that
before I started to get diversified I
you know as I grew my portfolio I
started to want to diversify like
anything in business and started to go
outside of Canada and things like that
to diversify but you know mutual funds
was a great place inexpensive like you
could set up a mutual fund you know
direct deposit straight out of your
account every month
twenty-five dollars fifty dollars a
month and just start that that type and
there's tons of different kinds and so I
started to educate myself and I grew a
large portfolio pretty quick in regards
to mutual funds and not only just
investing personally
my my company rather than taking money
out of my company I started to invest
with company money creating passive
income for the company in regards to
making these investments in these types
of securities and then as my knowledge
you know I did that for you know three
to three years and then felt very
comfortable with mutual funds in the
sense that I could pretty much pick out
a winner Paul my mutual funds I was
investing into directly - with fund
managers had great success and then I
started to want to expand on that I had
still great cash flow from the company
the construction company I got in
contact with one of my clients who owned
real estate and he gave me a contract to
manages properties and he was my mentor
I explained it in the previous video
that we did and and he decided to mentor
me just kind of naturally just came
about in regards to real estate because
I started to show an interest it just
made sense for me to go into it because
of my background in construction I had
the cash flow I knew that if I
accumulated properties it would be very
easy for me to maintain because I had
the resources to maintain it or to just
fix them up and flip them and so he
mentored me in regards to getting into
real estate that was sort of my next
thing after I had established the
portfolio and mutual funds and so I got
into real estate and started to
accumulate figuring out ways how to use
the equity from one property moving it
into another property and eventually
getting to a point where you had a large
enough real estate portfolio that you
could just use the bank's money to make
money and in leveraging one bank versus
another bank and accumulating the
capital to just keep accumulating
properties now it was another way for me
to diversify which I you know I didn't
want to be all in securities in mutual
funds so we went into went into real
estate it was always something I was
really interested in spent a lot of time
because I was renovating and doing
construction all the time so I had a
basic knowledge but he mentored me in
every aspect from interest rates to
markets to invest in and so I was lucky
because I had him to kind of guide me
whenever I had questions in regards to
getting to real estate
and then from real estate I wanted to
further diversify after I accumulated so
many properties I kind of said okay well
I kind of want to because as you
accumulate properties obviously no
matter how managed you are you still
have that overhead you still have that
responsibility you have a property you
know what it's like when tenants don't
take care of it if you decide to keep
your real estate and turn them into
rental properties which I did up for a
lot of my properties because I wanted to
create an income and the great thing
about real estate is you really are
creating an indexed pension because you
know people are always going to pay what
the market demands in rental income and
if wages and things go up overtime
income or rental income goes up overtime
so it's always sort of indexed with what
people can afford and so that kind of
protects you because most pensions
nowadays aren't even indexed right you
get a two percent increase and if
inflation goes higher than that then
you're kind of screwed and that's what a
lot of a lot of people that have
pensions can get into trouble so you
know that's the first thing my mentor
told me is if you can get into real
estate and you can pay down your
mortgages over time that you know 20
years from now you've got no mortgage
and you've got a cash flow mm-hmm and
your income will always go up because
you can keep raising your rents
according to the market and we're lucky
we live here in Vancouver where the
market went up and rental incomes went
up and so it turned out to be a huge for
me in regards to all my properties not
only that the land values go up but the
rents went up right which made it easier
because you accumulate equity you can
you can roll it over into more
properties and you can just keep
compounding and in regards to how many
properties you have but you know at some
point I you know I wanted to diversify
even further and I thought okay well now
it's time maybe I'll test the stock
market and so for the last five years
I've been heavily playing the stock
market and learning about the stock
market you know I'm taking you know my
Vegas money I like to call it and
obviously invest in risky assets but I
understand that that's money that I can
afford to lose I I never would invest in
stock markets or things like that with
money that I that I
can't afford to lose I wouldn't even go
into the stock market if I didn't have
money that I can be understand that I
lose because the stock market is risky
but there are a lot of great assets in
there I mean you're pretty safe if you
go buy a Microsoft stock I mean it pays
the dividends and it's probably not
gonna go bankrupt if you go buy a bank
stock in your country here in Canada
bank stocks are are the strongest stocks
that anybody could probably own in
regards to paying a dividend and not
having to worry about the bank that's
never going broke in the states not so
much we did see that one of the banks
big banks did closed down but even the
state's banks are safe most of them so
you're always gonna have the coca-cola
classics and the stocks that if you can
afford to buy them buy them they create
good passive income tools and generating
dividends and and things like that and
so I've had all the experience in the
role and now with my coaching program
and with kindling and things like that a
lot of students have come to me and said
well you know what I'm making money now
and I want to diversify I want to not
put all my money back into my Kindle
business back into my create space
business you know can you start to share
your knowledge in regards to
diversifying and so I decided well Kate
well maybe I'll create a in sort of a
program where I'm not going to tell you
exactly what to buy but I'm gonna give
you the knowledge on the risks
associated with every type of investment
you might make and I will dive into it
and I could share my experiences you
know how I got to where I am in mutual
funds stocks all the type of different
assets that I've invested in and had
success and and there's a lot of
knowledge there I mean in construction
in just my real estate alone I have over
10 years and plus someone with 35 years
or 40 years of experience as my mentor
that I've accumulated a lot of knowledge
I mean obviously you have helped you in
problems that you've occurred with
renters and things like that and
mitigating that and making it easy for
you and that's just all the experience
that I've had and and mine has been not
as painful as probably my mentor who you
know allowed me to make less mistakes by
sharing that with me and so I know I
have a lot of people that are interested
in going in real estate they want to own
a second property
third property and so I could share that
knowledge with them and then I could
just share each type of security because
my basic knowledge is sort of a hobby
before Kindle and getting into the
online world a year ago like my main
thing that I spoke I spent all my free
time on was reading and research on the
market the stock market real estate and
just investing because construction I
was able to automate that in the sense
for the last you know as from the very
day I started where you know I had a lot
of free time and as the years went by I
had more and more free time so it became
a second career for me investing and
it's a lifelong career the great thing
about investing is it never really ends
you know even my father-in-law who
shared all his knowledge and investing
he still invests and he's in his 70s he
was fortunate because now he's got
passive income tools from all his
investments for the last 50 years of his
life that you know he has a great amount
of wealth that he can just continue to
invest right and and having a great
lifestyle and to give you a great
example my my wife's grandparents who
are in their 90's her grandfather's
passed away since you know they were
just nine to five people you know she
worked as a cleaning lady I think and
husband had a mechanic shop and they
retired at 65 you know he sold his
mechanic shop but they they were able to
always own their home had no mortgage
they want a cabin up close to where we
have our cabin they you've been retired
now for 35 what is that 30 years she's
96 this year and 31 years she's been
retired and always giving money to my
grandchildren and get my kids her grand
grand children gives money to my wife
all the time when she sees her
I'll help my wife buy her first car you
know and and always having money extra
money now how did they do that and I
know their portfolio they've made real
smart decisions in their investing
thinking 20 30 years down the road if
their career didn't work out
generating any sort of pension money or
security for the future when they retire
that they invested wise
and had that income and she has more
than enough I mean now she's in a home
paid services and it's a really nice
home I'll cost a lot of money and they
were just average people you know just
invested really wisely you know in with
their money over the course of their
life you know buying stocks buying GICs
just buying certificates you know buying
the right property moving from property
to property even even a lot of people if
they're smart they can do that they live
in their condo and when they have a
little bit of extra money upgrade to a
townhouse because every time you upgrade
one day you'll retire you're gonna
downsize and that's your pension that's
your retirement so what's what's your
strategy and investing I mean from what
I know of you you're not really
concerned about the short-term it's not
much you're not just you know that
that's one strategy a lot of people
utilize this want to flip property or
they want an invest in stock and just
try to get rich from it what's your
philosophy on that and yeah yeah I mean
for myself I'm a long-term investor I
mean my everything that I associate
myself with I'm willing to put in the
time construction my business same thing
I looked at it and say I'm gonna
sacrifice getting clients that are gonna
pay cheap because I want high-end
clients and so I didn't do as well or
you know as well as I maybe thought I
could or liked in my first couple years
but sticking to that goal that I wanted
a high-end product that I was gonna
provide a service and I got the clients
that I wanted 10 years later you know in
real estate I wanted to buy properties I
wanted to hold them I felt that that
land values would go up so you know I
always made an investment looking at it
and say I'm not gonna probably touch
this investment for 10 plus years and
you know I have never I have never
liquidated an asset in over a decade
to pay for something other than to
liquidate and to upgrade so I've moved
assets sold an asset and bought another
asset that I thought was a better
opportunity but I've never cashed in on
an asset that I was going to use for
buying something or or paying off
something I've never done that in the
last decade I've always looked the money
that I've had
and say this money's gone this money I'm
gonna put it there and I'm just gonna
let time work its magic do you have a
strategy at some point you have a an
exit on it or you're gonna just take the
passive income that it generates yeah I
mean that definitely at some point it's
the purpose of it is that you know I can
stop my life's stop everything I do
today and substitute how I generate
income today with my passive income
whether that's in my stocks that pay
dividends whether that's in my rental
income for my properties whether it's
just dividends that are paid from funds
eventually I might move all my capital
gain stocks and my investments that
don't pay me any income I might move
those into securities that pay income
and things like that but essentially I
want to generate an income passive
income every single month that will
subsidize how I generate my income now
and that's through construction or or or
now through online business and through
some other ways but I basically my
purpose and my goal is that at some
point it's all passive income okay and
you're also big on diversifying and I
think a lot of people they're unsure
okay do i do mutual funds stocks real
estate ideally I think you want to do
all of it if you can but you want to
maybe share a little bit you know
especially with real estate versus
stocks because there's kind of like some
people like real estate some people like
stocks you know what's what would you
say or just the different benefits and
which direction that people should I
think stocks I think sorry I think real
estate is the way to go for any type of
investment I think that you got to look
at its supply and demand right I mean
what is the one thing that this world
will run out of at some point that's
land and if you're in a city close to a
city typically cities cost more in the
land and it's going to deplete that land
supply quicker than anywhere else and so
when land and everybody wants to be
close to the sea and so land values will
always continue to go up it's one thing
historically over time a hundred years
from now land has gone up my I paid
three hundred and forty thousand dollars
for my lot up at my cabin
and in 1972 my wife's grandparents paid
$4,000 for the same size a lot down at
the end of the street okay and in 1955 a
lot between my wife's grandparents and
myself sold for $500 so you can see that
land will continue to go up and it will
and on that will never change
and so with real estate even buying your
own home makes sense because you're
gonna live in your home for twenty
thirty years that property is gonna be
worth how much over that twenty thirty
years so I always encourage people
number one thing is get yourself in your
own property for sure and then if you
had a choice after that yeah keep going
with real estate because like I said it
is a long-term investment I mean if you
if you if it depends on what your goals
are right like are you trying to make
money in five years ten years twenty
years and your age and everything in
your age obviously if you're in your 60s
maybe buying real estate is not the way
to go
obviously the stock market wouldn't be
something you would do you would
probably put it in some safe in a type
of securities but if you're 20 and you
got time on your hands
real estate buy a good dividend paying
stock like what we've done and here in
Canada and just leave it for 20 years
and just reinvest back into and just
keep reinvesting dollar cost averaging
you know let you know why people you
know I have friends that call me and say
oh you know my stock is down like you
know 50 you called me when I when I
encouraged you to buy a bank stock and
you're like oh I've lost ten dollars
I'll share and I'm like dude buy more
because you're buying it at a discount
you're not selling it what does it
matter right now that's just paper right
it doesn't matter buy more because five
years from now you bought everything at
a discount and I did the same thing with
real estate I staggered my purchases on
real estate so I bought one each year so
over time or two each year and over time
so it was like dollar cost averaging I
bought some at a high peak but I also
bought where I live now
I bought it during the crash of 2008
when the market collapsed and and I
bought it you know $300,000 cheaper than
what you know it would have been when
the market was right and so getting into
that mentality of dollar cost averaging
is
very good in any type of investment you
do whether you do mutual finds whether
you do because it's stocks whether you
do real estate
you know stagger your borders that's why
it's like every month if you're gonna
invest in something put $50 aside every
month because the dollar cost averaging
you're gonna buy it'll discount you're
gonna pay in a premium but overall
you're gonna be better off if you find
in terms of the strategy also kind of
depends on the circumstances because for
example you know there might be times
real estates more worthwhile because the
interest rates we have lower other times
it might be more worthwhile to invest in
stocks yeah I mean what you can borrow
that that's where diversification comes
in right is very important you know I've
leveraged myself really well so you know
I'm affected by interest rates with the
stock market but I've also bought stocks
that are affected by interest rates to
have to hedge myself so when then when
the interest rates go down like we're
benefitting right now it's great on the
on the in the real estate so when I
renew my mortgages my you know my
mortgage payments are so low and my
rents have stayed high I'm making a
bigger cash flow but on the flip side I
have stocks that when the interest rates
are low like life insurance policies and
things like that we're where we don't it
doesn't do well the stock it continues
to pay its dividend well so or at least
we're getting reimbursed and now that
dividend is buying back the stock at a
cheap rate when the interest rates climb
who's gonna benefit life insurers and
then their stock goes up and then I
benefit because I've had monthly buying
on my saw my dividend being paid back
real estate on the other hand will pay
the price and you know your when you if
you if you do your mortgages you know
that's one thing that I've learned and
that great thing I had a mentor is he
told me stagger your mortgages don't
have all your mortgages come through in
one day or one year because if you do
that you might benefit one year when the
interest rates are really low and renew
all your mortgages but then when they
all come due
five years later interest rates are high
you're screwed on all your properties or
you're messed up on your properties and
so that's part of you know that all the
things that I've learned in going into
real estate in regards to leveraging
yourself against banks diversifying
protecting yourself hedging yourself and
that's why I've heavily gone diversified
where essentially my trend of wealth
continues to go up
if
though I may have a part of my portfolio
that goes down because the overall
weight allows it to continue to go up or
at least if I don't have a good year and
it doesn't go up it's still just
stagnant I've protected myself I would
say real estate definitely the first way
to go it's easier in regards to stocks
you know stocks are very risky because
we don't control it it's easier to sell
a stock obviously so you can get out of
it pretty quick real estate a little bit
harder because it's a physical physical
location not as liquid depends where you
are - right I mean Canada you can
probably sell a home pretty quick
opposed to somewhere in you know who
knows where Estonia or wherever right it
might be a lot harder to so but that
that would be my first thing pay
yourself first and doing that the best
way to pay yourself first is buy your
own place instead of rent because you're
paying down your mortgage and you're
getting a percentage of what you're
paying back okay in terms of stocks
what kind of stocks do you invest in and
there's are there so many those like a
million options for people yeah
originally when I started the stock
market you know probably gosh 10 years
ago now ten it's been a while I I kind
of went into you know resources and I
invested in that I wasn't you know it
was just I was basically trying to make
money on on capital gains so I was
buying stocks and then when I made some
money I would sell it and take the
profit as I became more knowledgeable in
the stock market I started to look at
not just resources diversifying and
getting into stocks that were kind of
more reputable so they were more blue
chip stocks so they you know I buy
stocks that had a lot of financial
backing behind it that had been in the
business for a certain amount of period
of years so I wasn't going after small
companies are depending on small
companies bigger companies but in the
last five years when I really started to
focus my mindset changed I wanted to
create true passive income I started to
heavily changeover to dividend paying
stocks I had probably more so really in
the last three years where I've been
moving a lot of my assets into creating
passive income tools like bank stocks
are very good at paying dividends they
have dividend strategies
Microsoft now switched over from into a
dividend policy where they constantly
are working on increasing their dividend
payments or so many a year our our
telephone companies tell us which is our
biggest company here in Canada you know
they have dividend policies where they
basically are gonna increase their
dividends growth rate every year for
five years so companies like that where
their blue chip companies they've been
around for 60 years 50 years you know I
don't have to worry about them going
under have a lot of financial support
been through tough times in the 80s you
know I have one company that's going
through a tough time right now but
they're a hundred years old they've been
through the depression so chances are
they're gonna survive and they're gonna
take measures that might hurt the stock
price but I know because they're a
dividend paying company that if the
price goes down I'm just getting I'm
just reinvesting that dividend sand and
in getting things at the discount so you
know right now my mindsets change and
that's just because I'm getting older
I'm in my 30s 4037 now we're 38 in next
week my 38 holy crow 38 next week and so
my mindsets change I have kids I have a
family and so a lot of that changes as
your life changes you know when you turn
60 you start to change your mindset you
don't want to be in risky assets anymore
so you start to move your assets into
securities that there's no risk you
might you don't usually get as good
interest or reward but you've made your
money over the last how many years
you've invested so now you're putting it
into safe assets and so that's where I
am right now is I'm looking at dividend
paying stocks that are blue chip
companies I'm trying to diversify buying
in Canada buying the u.s. buy in Asia to
diversify like that just because you
know a lot of my weight early on and in
the you know my early on in my investing
was all Canada stocks and all Canada
mutual funds my real estate was all can
my business was all in Canada well I've
diversified that by going into the
online world right I've created a
business that now I'm not dependent on
my local community or Canada I've
started diversify in regards to
to my funds transferring over to
American funds
transferring over and further into into
you you you know markets over in Europe
and in Asia and things like that maybe
I'm going to be going to Europe this
year I might buy a property in Europe
because it's an opportunity right Greece
isn't in a big problem in in their
country land values have dropped they're
being bought up by foreigners great
opportunity for me to take advantage of
money sitting on the side buy a piece of
property and I know I'll hold it enjoy
it for twenty years and I know it's
going to be something that if my kids
don't decide to keep or it'll be an
asset because I know in twenty
twenty-five years I'm still gonna be in
my 60s it it's gonna double it's been a
triple and land value because Greece is
gonna recover but these are
opportunities that I've created because
I've invested wisely over the last
decade that now and I've managed my cash
flows really well to create new
opportunities but just that mindset
diversity your mindset will sort of be
established by where you are in your
life whether you're 20 obviously when
you're 20 you can take a little bit more
risk and you can not invest in things
that yeah might be more volatile but do
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