106 episodes

Welcome to The Everyday Millionaire podcast.



The podcast to learn exactly what it takes to create the wealth you need to support the dreams you desire…for yourself, your family, your community.

Your journey to becoming an Everyday Millionaire begins now.

The Everyday Millionair‪e‬ Patrick Francey

    • Investing
    • 4.9 • 101 Ratings

Welcome to The Everyday Millionaire podcast.



The podcast to learn exactly what it takes to create the wealth you need to support the dreams you desire…for yourself, your family, your community.

Your journey to becoming an Everyday Millionaire begins now.

    Episode #109 – Jeff Gunther – Curiosity, Humility & Perseverance

    Episode #109 – Jeff Gunther – Curiosity, Humility & Perseverance

      





    Connect with Jeff Gunther:

    LinkedIn

    Blog

    Facebook

    Twitter

    YouTube



    Selected Links and people mentioned from this episode:

    SecretHomes.ca

    Mark O. Haroldsen

    Raymond Aaron

    Outliers by Malcolm Gladwell

    Your Unfair Advantage

    REIN Success Formula for Raising Capital

    Your God is Too Safe by Mark Buchanan

    Insurgence by Frank Viola

    Connect with REIN Canada

    REIN Canada

    CEO@reincanada.com

    Facebook

    Instagram

    Twitter





    SHOW NOTES

    [02:08] Patrick introduces his next TEDM guest: Jeff Gunther.

    [02:53] Jeff and Patrick kick off their conversation with Jeff’s elevator pitch, and an intro to a couple of projects he’s working on.

    [03:55] His primary gig is managing his real estate portfolio in Alberta, so Jeff starts his story there. He recounts a story of his father doing “homework” at the kitchen table (income taxes as it turns out) and talking to Jeff about the rental property they owned. That was the first real estate bug for Jeff at 10 years old. Years later he went down his own investing path in Lake Louise, then found himself in a crisis point about 10 years ago that ramped up his purchasing efforts.

    [07:47] Intrigued by Patrick’s observation, Jeff digs into why he feels he was a bit different than most 10-year-olds, by taking interest in what his Dad shared about real estate and following his brother Dan’s entrepreneurial lead.

    [09:24] Entrepreneurship: nature or nurture? Jeff talks about his experience as a kid observing his Dad’s daily routine and his natural curiousity to know if he could earn a living without having to show up to work every day. Once he learned other people could pay for a house that he could later sell, well, doing more of that seemed to fit the bill.

    [11:58] Moving around a lot as an army kid, he used that opportunity as an advantage to constantly reinvent himself. At 15 Jeff figured out he wanted to work and set out to make some money as a server regardless of his age. Throughout his endeavours, Jeff’s entrepreneurial spirit always shone through and drove his decisions.

    [17:32] Jeff’s self-awareness and confidence were supported by some influential adults in his life – family, friends, teachers – who took an interest in his success. Curiousity has been the common fundamental factor in navigating his path.

    • 1 hr 20 min
    Episode #108 – Gary Spencer-Smith – Simplicity in Success

    Episode #108 – Gary Spencer-Smith – Simplicity in Success

      





    Connect with Gary Spencer-Smith:

    LinkedIn

    Facebook

    Instagram

    Rev N You

    Selected Links and people mentioned from this episode:

    REIN ACRE

    Fish and Duck Sproat Lake Resort

    Nev Lapwood TEDM Episode #78

    Rich Dad, Poor Dad by Robert Kiyosaki

    what3words app

    Lauren Spencer-Smith on American Idol

    Sapiens: A Brief History of Humankind by Yuval Noah Harari

    Meditations by Marcus Aurelius

    Donald Robertson TEDM Episode #101

    Connect with REIN Canada

    REIN Canada

    CEO@reincanada.com

    Facebook

    Instagram

    Twitter





    SHOW NOTES

    [02:08] Patrick introduces his next TEDM guest: Gary Spencer-Smith

    [02:08] Patrick introduces his next TEDM guest and long-term REIN Member: Gary Spencer-Smith.

    [03:22] Gary and Patrick get rockin’ and rollin’ with their conversation. Gary gives us the Coles notes about his family, his side hustle that became his full-time gig, and what that has led to for his “retirement career.”

    [05:12] Gary shares how his real estate ride got started in the UK, his mindset around the practicality of real estate and buying his first property in Canada.

    [07:58] Connection to Canada. Hailing from Newcastle, Gary had close connections to Canada (without knowing where it was) and his first visit as a teenager sealed the deal; he was home. Gary briefly shares what transpired in between the 14 years that brought him to British Columbia to stay.

    [13:11] Gary lives up to the REIN’s cycle of immigration! He explains how he purchased his first home on Vancouver Island, then how he graduated to his first rental property.

    [15:06] The inspiration. Gary brings it back to the simplicity of what fires him up about real estate. Becoming a REIN Member and committing to ACRE, the proven systems, and the community is what elevated Gary’s game. The methodology and authenticity Gary experienced not only resonated but propelled him to use the information to fuel his action.

    [21:24] Gary buys a resort! He describes the resort, how he came to own it, and the full-circle experience of getting drunk with his cousins at 16 at the pub which now he owns. Gary shares that it is not all unicorns and sunny skies and at times he feels like the duck with his feet going a mile a minute underneath the water. Their involvement in a community like REIN helps Gary and his partner Kryssie feel supported and assured.

    [28:16] A values conversation at the beginning would have brought much needed clarity to this partnership but the foundation of a great contract cannot be stepped over. The contract is what proved to be a saving grace for the majority partnership.

    [30:02] Owning a resort during the global situation of 2020 brought both challenges and unexpected blessings. Gary describes how things quickly turned upside down and like the rest of the tourism & hospitality industry they had to navigate uncharted territory to open, do business and thrive.

    [34:22] How Gary approached the sudden need to raise capital. He explains how they had structured the vendor-take back financing from the previous owners, then a pivot to restructure the investor side.

    [36:23] Although owning the resort and living that lifestyle was not his dream at the outset of moving to the lake, Gary describes his realization once they were operational and his moment of clarity with how it aligns with lifestyle values now. And just as importantly, for right now. The inescapable reality regardless of where one sits within this global situation is that we don’t know where things will be in the next week, month or year and being present to what matters to us is important.

    [42:25] Gary hits that home in the simplicity of planning. We can have a direction, and know what the next three steps are, but once we take those three steps,

    • 1 hr 16 min
    Episode #107 – Greg Wycliffe – Passionately Committed to Make a Difference

    Episode #107 – Greg Wycliffe – Passionately Committed to Make a Difference

      





    Connect with Greg Wycliffe:

    LinkedIn

    Twitter

    Facebook

    YouTube

    Selected Links and people mentioned from this episode::

    VCM Interactive – Full Service Video Production Solutions

    George Carlin

    People’s Party of Canada

    Maxime Bernier

    The Parasitic Mind: How Infectious Ideas are Killing Common Sense: by Dr. Gad Saad





    Connect with REIN Canada

    REIN Canada

    CEO@reincanada.com

    Facebook

    Instagram

    Twitter





    SHOW NOTES

    [02:08] Patrick introduces his next TEDM guest: Gregg Wycliffe

    [03:03] Here we go! Greg and Patrick get started with their conversation: how Patrick discovered Greg, where Greg comes from and what he’s up to. He also talks about his preferred communication platform – videos – and his consultative approach to support his clients.

    [06:34] Video content is currently at the forefront of communication popularity. Greg talks about where he sees the gap with SMEs in video marketing and tailoring the type kind of content production to match your business. Video for the sake of video loses relevance.

    [09:35] Greg discusses the human value of communication plus keeping the focus on quality leads not simply the quantity of likes. 10 converted sales with great customers beats 10,000 random likes.

    [12:23] Understanding the buyer’s journey, as it pertains to the business you are in, is the fundamental part of developing a communication strategy. Starting with a quick sale mindset misses the mark in creating that relationship.

    [14:52] While video production consultation is Greg’s primary gig, his passion for comedy, media, the state of Canadian politics plus a run with the People’s Party of Canada in 2019, led Greg to start making YouTube videos with a healthy dose of political satire.

    [18:35] Alarmed by where the media spotlight was being shone politically, and where it was absent, Greg describes his fight or flight response to want to make a difference. He explains the driving force behind his decision to run as a candidate with the People’s Party of Canada for the 2019 federal election. It was not a decision he made lightly but felt fired up to do it.

    [23:09] Greg’s passion to protect what makes Canada special, and not sit idly by while freedoms slowly get chipped away pushes him to get involved, give back, and make a difference.

    [26:31] Witnessing Maxime Bernier walk across the House of Commons to start his own Party along with the policy and message Mr. Bernier was speaking to made sense for Greg and sparked his own interest in aligning with the People’s Party of Canada.

    [29:16] Politics and the media. What is Greg’s view on why we don’t see more about this opposing Party, and why we aren’t seeing more of Maxime Bernier in the media? Look to the November 2018 fiscal update from The Liberals who pledged a $600,000 “media bailout” for trusted journalists in Canada as a start.

    [32:33] Greg offers his opinion of whether, with his satirical videos, he is making a dent in how people view the current political climate in Canada. Whether the videos are having any sway in convincing individuals to give Canada’s media and politics some critical thought. Greg further talks about his election campaign experience as a candidate and the crash course on the dark reality of human nature, cynicism, and all.

    [39:42] Patrick and Greg discuss the reality that of the Canadians who do vote, many are basing their decision on a popularity contest, the mass media feed, or nothing at all. Yet their vote counts equally to someone who is doing the research and making informed decisions. Greg shares his thoughts on how the Conservative party needs to show up.

    [43:52] Politics over policy is the undeniable and damaging attitude on the political landscape. Winning the election above all else.

    • 1 hr 16 min
    Episode #106 – Steve Saretsky – Critical Thinking for an Enlightened Perspective

    Episode #106 – Steve Saretsky – Critical Thinking for an Enlightened Perspective

      





    Connect with Steve Saretsky:

    LinkedIn

    Twitter

    Facebook

    YouTube

    Instagram

    Selected Links and people mentioned from this episode::

    Saretsky Report

    The Pig & The Python by David Cork

    Ray Dalio

    Rich Dad, Poor Dad by Robert Kiyosaki

    Gary Vaynerchuk

    Peloton

    MACROVoices podcast

    David Rosenberg

    Real Vision

    George Gammon

    Ken Rogoff

    Central Bank

    The Wealthy Barber by David Chilton

    Purple Cow and more by Seth Godin





    Connect with REIN Canada

    REIN Canada

    CEO@reincanada.com

    Facebook

    Instagram

    Twitter





    SHOW NOTES

    [02:08] Patrick introduces his next TEDM guest: Steve Saretsky.

    [03:12] Steve and Patrick get rolling on their conversation, with a quick look at what Steve does, the extra mile he goes, and the data driven approach he takes to support his clients. His weekly presence, both in video and newsletter format, serves as an update for what he’s keeping his eye on, the macro-economic landscape of Canada, what policymakers are up to, and how these may affect the real estate market.

    [07:23] Although an unlikely economic analyst, as a self-professed autodidact Steve needed to better understand the root cause of the market surge of 2015-16 and quickly became absorbed in the study and understanding of how the fundamentals of economics affect the real estate market.

    [09:49] Steve narrows in on the Vancouver market to describe what the environment looked like and how and why it changed from 2017-2020. In spring of 2020 most people including CMHC anticipated a significant decline which has yet to materialize.

    [13:39] The natural ebbs and flows of the real estate market is evident in Vancouver where the investor market has not come back and likely will have a bit more downward pressure on the condo market, while the rest of the market continues to grow with the appeal of more space as more people work from home.

    [17:51] When you look at small & medium business enterprise, which account for half of the employers in Canada, and a province like Alberta as an example where challenges were already undermining the economy, the unemployment stats being reported are simply not consistent with reality and perhaps being understated by design.

    [20:22] Steve talks about his concern for the financial landscape with mortgage deferrals, foreclosures and the government’s affinity for money-printing = it’s difficult to know which way it will all fall out.

    [22:10] With such a different picture in places like Ottawa and Victoria where government jobs and IT have not only not been affected, but indeed may have grown, while conversely you have a province like Alberta with such large negative economic impacts, it is not a fair representation to present economic data on a national basis. Markets, particularly real estate, are truly regional.

    [27:58] Steve talks about where he is doing business in Vancouver, what’s hot in the market, and what is really not (but may provide opportunity long-term). He also touches on the type of home buyer he is working with, and the inventory available.

    [31:51] What is Steve’s perspective on the future of immigration?

    [34:42] Steve and Patrick discuss the significance of critical thinking and historical data. There are patterns, events, and points of reference that give us an idea of how things may play out and at the same time this current global situation and the response, is unlike any other in recent history so it’s difficult to determine where we’ll sit economically when the music stops.

    [38:41] The frustration of this situation for many people not only lives in the contrarian governmental standpoint of what gets shut down and what doesn’t, but also the support for big box business when our own local s...

    • 1 hr 18 min
    Episode #105 – Careyann Goliver – Abundant Possibilities

    Episode #105 – Careyann Goliver – Abundant Possibilities

      





    Connect with Careyann Goliver:

    LinkedIn

    Twitter

    Facebook

    Blog

    Franchise Logic

    The Entrepreneurial Rollercoaster by Darren Hardy

    The E-Myth Revisited by Michael Gerber







    Connect with REIN Canada

    REIN Canada

    CEO@reincanada.com

    Facebook

    Instagram

    Twitter





    SHOW NOTES

    [02:08] Patrick introduces his next TEDM guest: America’s Franchise Matchmaker, Careyann Goliver.

    [03:22] Careyann and Patrick get rolling with Careyann talking a bit about where she is from and what lights her up about it!

    [05:35] America’s Franchise Matchmaker. Careyann’s tagline and calling, what it means, how she got there, and why she does what she does.

    [11:22] Exit strategy – it’s so important to keep this top of mind when starting any business. Consider multiple strategies and work backwards from there.

    [12:59] Careyann expands on the context of how she works with entrepreneurs and matches them with the right franchise business. There are three main categories in franchising and many points of consideration beyond simply: I like pizza – find me a pizza franchise. Careyann digs in with the right questions to help clients identify what type of business would be right for them, from what they need from the business to what customer preference they have.

    [17:56] With the current reality of the world, Careyann has never been busier. She sees people who have time to look at what they really want from their life and/or they have been negatively impacted by job loss and flock to the idea of taking control to be their own boss.

    [20:05] Careyann talks about what people may want to consider before leaping into a franchise business. For instance, affordability, taking inventory of your strengths and weaknesses and where solutions can be found to pair people to their franchise dreams.

    [24:49] Freedom and flexibility easily roll into the franchise scenario. From hands-on operations right through to the CEO who builds multiple franchises there is a place within the wide spectrum of possibilities depending on the interest of the business owner.

    [30:52] Although it is a leap from hands-on forward facing business owner to CEO with a general manager and staff, it can be done for the right person with the right skill set. The “business-in-a box” concept provides remarkable supports for owners new to their chosen franchise.

    [35:47] Start-up franchises. Careyann relies on a team to vet the brands that she will choose to represent. Careyann is cognizant that the people interested in buying into these brands are making a real investment and it’s important to ensure she backs solid, high calibre franchise partners for her clients to invest in. Developing close relationships with the franchisors allows her to keep her finger on the pulse of their direction and objectives.

    [39:48] Careyann emphasizes the importance of completing all avenues of due diligence before pulling the trigger. This relationship between franchisor and franchisee will ideally be a long business marriage and it needs to be a good fit. She walks her clients through all stages of this process to ensure it is.

    [42:35] Let’s talk dollars and cents. Careyann walks through the process of matchmaking from a suitability questionnaire to finding a match and what it looks like from a financing point of view. With a large inventory of franchises Careyann can satisfy most appetites.

    [47:48] Once the match is made, Careyann describes the support and benefits franchisees can expect from good franchisors pre-shop opening.

    [50:46] If someone is entertaining the franchise investment notion, what are some of the questions they should be considering? Think timing, affordability, staff, and possibly a consultation with someone like Careyann to help draw out their preferences,...

    • 1 hr 18 min
    Episode #104 – Chad Griffiths – Championing Exceptional Value

    Episode #104 – Chad Griffiths – Championing Exceptional Value

    





    Connect with Chad Griffiths :

    LinkedIn

    YouTube

    Twitter

    Facebook

    Instagram

    Blog

     





    Selected Links & People Mentioned in this Episode

    NAI Commercial

    Edmontoncommercial.com

    Melcor REIT

    Canada Emergency Commercial Rent Assistance (CECRA)

    Red Notice by Bill Browder

    Glengarry Glen Ross film

     





    Connect with REIN Canada

    REIN Canada

    CEO@reincanada.com

    Facebook

    Instagram

    Twitter





    SHOW NOTES

    [02:08] Patrick introduces his next TEDM guest: Chad Griffiths.

    [03:55] Chad and Patrick kick it off with where Chad comes from, a bit about what he’s up to in the commercial/industrial real estate space and his views of the Alberta economy both pre-March 2020 and what is potentially ahead.

    [09:22] Chad feels the best approach for investors anywhere is micro-perspective. Broken down by asset class he speaks to commercial real estate - mainly industrial and retail office. In the past five years retail has been hit the hardest but from the North American economy perspective, Edmonton has not seen catastrophic vacancies. Chad does not feel this situation will cause an office apocalypse. Although the immediate risk may be real, he feels, in time, companies may actually want increased square footage to allow for physical distancing in a more traditional office setting. He is most optimistic about industrial real estate for the fact of continued manufacturing, continued need for warehouse space and logistics.

    [15:53] Chad and Patrick discuss the trend that was hip downtown centres with open office space and where that may head into more suburban locations. Chad looks at the trade-offs of both. Again, re-imagining internal space may be of more consequence than the where the building is located.

    [20:59] Transit, urban, suburban, and rural. These are all areas where trends in larger centres are being impacted. The data and evaluation from all of this, a year from now, will be very interesting.

    [23:40] Chad talks about the potential for a Canada-first approach to manufacturing and supply chain, and what he sees as growth in the industrial landscape; it’s a steady driver regardless of where the bulk of our manufacturing resides.

    [28:50] Chad speaks to the pivots he has made during this unique time but more significantly where he has not. His current mindset is to stay constant, consciously avoid fundamental change and double down on intentional, and historically successful action.

    [33:41] What are some of those intentional actions and habits that have proven successful for Chad? The greatest substance is derived from distinct action and value-add.

    [37:51] Chad provides an overview of the climate around Edmonton commercial space and opportunities within it. It’s not the fire sale situation he anticipated back in the early spring. Broad uncertainty makes it difficult to identify where specifically the opportunities will be but feels investing in long-term plays bears far less risk than banking on short-term gains in the Edmonton market.

    [44:24] Fake economy, unemployment, light industrial and manufacturing: does Chad see something different for Edmonton’s future than he has seen before?

    [52:26] Chad and Patrick each contribute their view of upsides and downsides of owning commercial real estate. It can be a profitable and beneficial asset class to invest in but it is incumbent on investors to evaluate the risks. To help mitigate risk keep your sights on the long-term. Work with a broker who has experience and knowledge in this arena, as well as vision to support you and your tenants to be successful. Establish a strong client base, and an adaptable lease space for the inevitable tenant turnover. Price risk into any acquisition and consider a building that would at...

    • 1 hr 28 min

Customer Reviews

4.9 out of 5
101 Ratings

101 Ratings

Watson Estates ,

Success Starts Here!

We had the great privilege of having Patrick on our show, Toronto’s #1 Real Estate Podcast. Thank you for constantly sharing insight through REIN about our local Toronto market. We highly recommend learning from one of Canada’s best!

genxfree2020 ,

I am hooked!

I just listened to your interview with Gary Mauris from Dominion Lending (#88). Great questions and awesome insights. I felt like I was sitting in a cozy living room listening to you both share impactful experiences and approaches to business and life. Thank you! I look forward to more hours of learning from this podcast and plan on sharing with others.

Hillierwayne ,

I’ve listened to every episode!

I’ve learned so much from this podcast that’s helped me become a better real estate investor. It’s not about how to invest in real estate, it’s about who you have to become.

The guests that he has on always have so much to share!

Subscribe to this channel. It’s a must-listen for all Canadian Real Estate Investors!

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