We were invited to Greg Habstritts's Simple Wealth retreat last week which meant a field trip to Alberta 🙂
I am always up for exploring new places and, sadly, I had never been to Western Canada. So we had to fit in a bit of leisure while we were there. Unfortunately we were on a really tight schedule and we didn't want to miss any of the great event that Greg organized so the leisure time was really limited.
Minus about 2 hours of driving we had about 80 minutes of fun in Banff. Not exactly the dream trip right? Our wives were telling us the same thing!
But we were there so we had to make the most of it, and what better way to do it that to head to the top of some mountains
We took a gondola ride up to the top of Sulphur Mountain which is about 7,500 ft. high. It really is beautiful isn't it?
The picture on the left is Tom once we reached to top. The picture on the right is me after we hiked up to that little point up there.
Yes, you read that correctly. It was -20C outside with strong winds but we decided to run along an icy path up to that point to get some good pictures.
It was a longer hike than we thought and with the extreme cold I wasn't sure if my face was going to make it. And you can tell from the picture that it was so cold I could barely smile!!
So that was our 80 minutes of leisure time on our last trip. We really need to start arranging things so we have more time to sight see while we are away.
We head down to Washington D.C. later this month and we have been sure to book time to see some of the historic monuments scattered throughout the city.
Greg's Simple Wealth event was simply great. His team puts on a first class experience with real life information.
There was no talk of making millions in a few months, of being able to do nothing while collecting big cheques, it was all real world experiences and lessons.
Tom and I have always thought and taught the same principles but with so many of these baloney, get rich quick opportunities out there, you sometimes wonder if anyone else is thinking the same way.
Being surrounded by 'real' investors from Canada and the US was refreshing. It was proof positive what time tested principles can make happen.
If you do your research, learn your market, set your goals (which as an investor amounts to your business plan), and put in the work, the only way to go is up.
If you get an email promising great returns and 'pennines on the dollar' deals for a property you have never laid eyes on, the only way to go is down. And unfortunately there are too many people preying on new investors like this.
But this is a feel good post so we will leave that for another day, but it is definitely something worth discussing.
I was asked by one investor what the number one thing to look for is when you are looking to work with an investment group or team.
It was a simple answer but I couldn't pick one. There are a few things you want to look for in a group but the two that came to mind immediately were:
1 - Do they practice what they preach?
2 - Is their track record long and successful?
Those are definitely the top two, we'll dive into the other ones soon!
I'm off to continue letting my face defrost I am not sure if it will ever be the same...... 🙂
- Nick Karadza