Apr 122018
 

The ancient philosopher Seneca once said that, “luck is when opportunity meets preparation.” In other words, the more prepared we are the more chances we’ll have to take advantage of opportunities when they come our way. I believe this is true in many ways. But luck is probably a little more complicated than that.

I’ve recently come across a formula created by author Darren Hardy which breaks down luck into all its individual components. According to Hardy, anyone can become more lucky by focusing on this formula. 🙂

The Formula for Getting Lucky

Preparation + Attitude + Opportunity + Action = Getting Lucky

  • Preparation is all about personal growth – improving our skills, knowledge, expertise, and relationships – so we have the tools to take advantage of opportunities when they arise.
  • Having the right attitude or mindset is also important. Hardy says that, we can’t see what we don’t look for, and we can’t look for what we don’t believe in. Billionaire Richard Branson once said, “we are all lucky. If you live in a free society, you are lucky. Luck surrounds us every day; we are constantly having lucky things happen to us. I have not been any more lucky or unlucky than anyone else. The difference is when luck came my way, I took advantage of it.
  • Opportunity is the only part of the formula that we cannot control. Opportunity is when something positive happens that we didn’t plan for. The good news is that fortune comes to us everyday in many different ways, as Richard Branson said.
  • The last part of the getting lucky equation is taking action, or doing something about the situation that is presented to us. This is what separates self made millionaires from the average middle class citizen.

I can vouch for Hardy’s formula because I have seen it work for me. 🙂 I have been very lucky when it comes to my finances. Here are some moments from past blog posts where I expressed my acknowledgement and appreciation for my luck.

I always had a feeling that I was luckier than most people when it came to personal finance and wealth building. But I couldn’t figure out the cause before. Seeing the breakdown of Hardy’s luck formula really makes it clear. I was engineering my own luck all this time but just wasn’t aware of it until now, lol. I think one thing I can do to improve my luck even more is to focus on improving my preparation. 😀 We are surrounded by luck everyday if we look for it. I hope something lucky happened to you recently. 😉

 

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Random Useless Fact

There’s something not quite right with this family tree.

Feb 152016
 

Complaints are Opportunities in Disguise

Picky eaters like to whine and dine. But food isn’t the only thing people complain about. Although whining isn’t productive, it’s a legitimate coping mechanism that shifts blame and responsibility to other people. But if handled correctly, complaints can be turned into opportunities.

In order for there to be a complaint, there must be something else we want that’s better than what we already have. Nobody complains about water being wet because that’s just how it is. So if we can complain about something then that probably means we also have the opportunity to change it for the better. 🙂 It’s just that most of the time we’re not willing to risk or sacrifice in order to obtain a better outcome, otherwise we’d just do it instead of complaining. 😛

So whenever a complaint arises, we should ask what it is that we want to change. What is a more favorable alternative? Then we just have to put together a plan and get to work. It may be risky, and it may require a lot of time, energy, and sacrifice. But if we can get through the hardship, then on the other side of our commitment is a reward that people who only whine and complain, but don’t take action, will never get to enjoy.

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By trying to solve a problem, it turns a negative state of mind like complaining into something positive. It switches our brains from the reactionary defensive mode to a more proactive offensive mode to make us more creative and productive.

This also works on larger scales since there are huge opportunities in addressing other people’s complaints. 40 years ago consumers complained that personal computers were too difficult to operate. Bill Gates realized that developing a more user-friendly operating system would solve this problem so he created Microsoft, and took advantage of his Windows of opportunity. Today, PCs are universally adopted and most of them run a Windows operating system. Sometimes the best opportunities express themselves in the complaints of other people. The more people complain about something the bigger the reward will be for the first person comes up with a viable solution.

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Random Useless Fact:

According to security-management company SplashData, the most popular password in 2015 was 123456.

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#2 – “password.” Are you f*$%^ kidding me?

 

Sep 182015
 

Millennials Create Their Own Opportunities

Some people believe millennials are the screwed generation because there are no jobs for us. And that we have every right to be angry at the older generation for pillaging public coffers, taking on loads of debt, and leaving the broken economy for the younger generation to fix.
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But I don’t see it that way. So what if there aren’t a lot of high paying jobs out there for young workers anymore? Any job is a good job because any income is better than no income. The world can be an amazing place if we just lower our standards a bit. 😀
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And just because there are no jobs, it doesn’t mean there is no work. Jobs are given to us, but work can be self created. Don’t ask what the world can give us. Ask what we can produce for the world instead. 😉 Starting a small business is easy. When I was 14 I shovelled snow for my neighbours during the winter. Clearing each driveway earned me $10. Cutting grass would be a great opportunity to make money in the summer. There are plenty of busy households who would gladly pay $25 for someone else to mow their lawn every couple of weeks. Their time is valuable. And all that’s required for this to happen is for some proactive entrepreneur to go knock on their door and say, “Hey, here’s what I can do for you. How about it?”
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We can also develop knowledge based skills to make money. Being the first group of people to grow up with cell phones, laptops, and the internet millennials have a technological advantage over other working adults today. We can create a free blog in minutes. Social networks keep us informed and enable us to discuss our ideas with anyone from anywhere on the planet. We can download entire first year courses from Yale, Harvard, and other universities for free from their websites. There are non-profit organizations, such as the Khan Academy, which have free lectures on subjects like math, science, computer programming, history, art, philosophy, economics, and more. There’s also plenty of informational YouTube videos that teach everything from how to put on make-up, to how to start a small business, to how to make ricotta and spinach ravioli. ? Yum! Access to information is so ubiquitous today we can develop any knowledge based skills we desire to learn! And then use our new expertise to earn an income.

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Mar 102015
 

Some say the real test of success is whether or not a man can earn more money than his sister-in-law’s husband, LOL. 😀 It’s funny because there’s some truth to that statement. It’s human nature to be jealous of others.

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But at the end of the day envy has no upside. Being resentful of someone else is a waste of time. If we can learn to curb our jealousy then our lives will become so much better. 🙂 We will become more happy, less stressed out, and can make better decisions. Famous investor Warren Buffett once said, “As an investor, you get something out of all the deadly sins—except for envy. Being envious of someone else is pretty stupid. Wishing them badly…- All it does is ruin your day. Doesn’t hurt them at all, and there’s zero upside to it. If you’re going to pick a sin, go with something like lust or gluttony. That way at least you’ll have something to remember the weekend for.

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Sep 102012
 

Hi, long time no post. Just came back from my week long vacation. My folks and I drove across BC, Alberta, and Saskatchewan. The first thing I noticed was how flat the prairies are compared to BC. You can see the road for miles with nothing blocking your view. I’ve uploaded some pics below. Some are a bit grainy, but can’t expect much from a point-and-shoot, lol.

 

I now have a better understanding of the investment opportunities in Alberta and Saskatchewan. Downtown Calgary is full of big banks and oil companies who pay their employees very well. Comparing Canada’s 6 largest cities, Calgary has the highest salaries and wages per person, almost $65,000 in 2011. Even during the recession between 2007 and 2011, people’s salaries still increased by 3.3% per year. Regina and Saskatoon in SK are also seeing economic growth. I was looking at some farms for sale in Saskatchewan and even put down an offer for a property, but unfortunately I was outbid by another buyer who paid more than the asking price. But unlike BC where foreign speculators from overseas are driving up the real estate market, Saskatchewan locals are bidding up their own prices, so the probability of a bubble there is less likely, at least for now. Workers in AB and SK have higher wages on average than those in BC, even doing the same jobs. I saw lots of posters outside Tim Hortons and other businesses looking for people to fill part-time as well as full-time positions. Even though I live in Vancouver BC, I’m going to try and find ways to take advantage of the growth and investment potential of AB and SK. And if you’re currently looking for a job in BC, consider moving perhaps. The unemployment rate in both Alberta and Saskatchewan are both 4.4% :0) the lowest in the country. Compare that with the unemployment rate in BC, which is 6.7% :0(  No wonder why it’s harder to find work here.