Slick’s Journey to Build a Passive Income: Physical Real Estate

home real estate

Real Estate Investments has always been a personal hobby of mine. Here is one real estate investment that you can make today but buyer be warned it is not for the faint hearted!!!

Physical Real Estate 

When most people hear the phrase “Investing in Real Estate” they think of physical real estate. Physical real estate is defined as a piece of land with a building on it and can be split into residential (multifamily and single family units) or commercial units. 

Investing in physical real estate has advantages and disadvantages.  Here are some advantages and disadvantage of investing in physical real estate

Advantages: Cash-flow and Appreciation

Generating cashflow is one of the biggest advantages of buying physical real estate. By buying property and getting a tenant to pay your expenses (aka mortgage, strata fees, property tax etc) you are able to generate cashflow aka passive income

Appreciation is the 2nd advantage of buying physical real estate. When you buy property it will appreciate in value (unless you are in Detroit ).  In the right market conditions a 30,000 dollars down payment can easily becoming a 300K profit by buying and holding a property for X number of years and using the tenant’s rent to pay off the mortgage


Investing in physical real estate is a semi-passive investment at minimum and a PITA (pain in the ass) most of the time. As the landlord you will be dealing with late payments, broken toilets, property damage and if you are not scared enough maybe you will encounter the TENANT FROM HELL. You know the one tenant who calls you at 2 am in the morning to tell you that their sink is overflowing… yea that tenant. Of course it all comes down to how you communicate and manage the issue. 

Conclusion/Summary/I am too lazy to write anything else

Physical Real Estate can generate Cashflow and Appreciation over time but Landlording sucks big time antelope balls. If you want these advantage without having to be the landlord then take a look at Mortgage Investment Corporations and Real Estate Crowdfunding instead. I will talk about these two forms of Real Estate Investment next time so be ready!!!!

Signing off until next year



FIVE Awesome Passive Income Ideas


Do you know the slick way to gain financial independence?

I will give you 10 seconds to guess














Here are 5 awesome ways to build your Passive Income

1. Peer to Peer Lending
Just like it sounds Peer to Peer lending is like being a bank. You and a whole bunch of other people provide small dollar loans ($20 – $200) to an individual or a business at a reasonable interest rate. Think of it as crowdfunding a loan.

There are three big advantage of Peer to Peer lending.

A. First it allows you to spread your risk. You can for example give out 10 loans at $20 a pop. If one goes bankrupt you only lose the $20 dollars and you still have $180 dollars still providing a return

B. There is a low barrier of entry. You only need minimum $200 to invest as opposed to $40,000 dollars that you need to buy a rental in Greater Vancouver

C. the high rate of return is another advantage. Depending on the risk of the loan you can earn anything between 8% – 19% in interest. Not bad for doing no work!

One great peer to peer lending website to check out in Canada is Lending Loop. For those who are American who are bit spoiled you got a lot of options so google it yourself


This is as easy as it sounds. Get out of debt! Pay off that high interest credit card (19% geez weez louise what were you thinking???) and reduce that student loan to smithereens.

One way to pay off that pesky credit card is to transfer the balance to a lower interest credit card or even line of credit that has a lower interest rate. This will save you a lot of interest.

(Buyers beware: LOC interest is calculated daily so you might end up paying interest even if you pay off your LOC but do not worry its like 8 dollars not 800 dollars)

3. Real Estate Crowdfunding

If you live in a city with expensive real estate (I live in Vancouver) investing in physical real estate can be difficult. That is where Real Estate Crowdfunding comes along. Like peer to peer lending you along with others can invest in an actual house by pooling together your hard earned dollars. Not only do you protect yourself from the risk of a housing bubble burst but you do not have to worry about pesky tenants, broken down appliances, and lousy stratas(that is if you live in a condo or townhome)

4. Open a High Interest Savings Account

This one is easy way to build a passive income slowly. Here are the five step you need to take advantage of this passive income stream

1. Go to EQ (2.3% interest rate where else can you find that?)
2. Open up a High Interest Savings Income
3. Set up automatic payment that equates 20% of your biweekly or monthly income 4. Forget that you even had a High Interest Savings Account
5. Enjoy the compound interest baby!!!

9. Robo-Advisors

If you hate stocks and self directed investing like the Grinch hates Christmas then this one is for you. Robo Advisors are AI portfolio investment platforms that make it easy to invest and build up wealth with out even lifting a finger. Depending on your age, retirement goals and risk tolerance and for a low management fee the Robo Advisor will invest your hard earned cash into a mix of bonds, stock, cash, GICs, debt securities and many more!!! Two Robo Advisors to check out right now are Wealthbar and Wealthsimple. If this is not passive investing then I do not know what is

The 5 Best Steve Job Quotes

The words of Steve Jobs has begun to inspire us all. Most of us have probably never heard Job’s 2005 Commencement Speech at Stanford. However with his death these words are all that remain of a true genius and innovator. Here is a list of five quotes that in 2018 best represents Steve Job’s life and work

5. “Life is sometimes going to hit your head with brick. Dont Lose Faith!”

4. “And the only way to do great work is to do what you love”

3. “Keep Looking and dont settle”

2. “Your are already naked There is no reason to follow your heart”

1. “Stay Hungry Stay Foolish”

If Chuck Norris was Your Personal Financial Advisor



Let’s say you walked into the bank one day and ask the bank teller for a personal financial advisor. 5 minutes later Chuck Norris walks out saying he is your new personal financial advisor. At this point you probably would wet yourself with excitement and believe that you are in a dream. Here are five pieces of advice that Chuck Norris (CFP) would give to you;

5.   You do not fear debt. Debt fears you

What Chuck Norris (CFP) is trying to saying is do not fear debt. There is such thing as good debt such as a mortgage to buy a new rental.

4. If you had 5 dollars and I had 5 dollars I would still have more money than you

As Norris would say having money is not the end game. Money is just a tool that you can use to invest in improving yourself and kick life’s ass

3. You do not need financial management. You are the management

Do not rely on financial professionals to get you into the right financial plan. You need to take the initiative like reading books on financial planning (Rich Dad,    Poor Dad, The Wealthy Barber)

2. If you Google search me filing for bankruptcy you will generate zero results. It just doesn’t happen

Put yourself in Chuck Norris’s shoes. Is bankruptcy an option for him? No it is not  and it should not be for you either. One of the best methods is to negotiate with your lenders or collection agency and find out the minimum amount you need to pay. Be Chuck Norris and be confident when you speak. Convince them that you will act in good faith and pay back every cent even if it means that you have to kills some wolves with your bare hands

1. You change your financial future with your FISTS. If it get in your way KICK ITS ASS!

In the end of the day you are the captain of your financial ship. If it starts sinking its not Chuck Norris’s fault you did not use the right type of material for your hull. You need to learn what the backbones of good financial planning and ask the right financial questions. Becoming financially wealthy is not easy it is back breaking work




What does Chuck Norris and Superman have in common?

5. They both used mind control on foes and friends alike

4. They both gave the public what they wanted even if they didnt want it

3. They both had nerves of steel to take on the giants of their world

2. They both controlled the world using one touch of a finger

1. Both are beyond human and can be categorized as Super Humans of the 21st century

Live Life: The Chuck Norris Version

Throughout my 30 odd years of life, I have learned a lot of things from a lot of different people. However, Chuck Norris has taught me the most. For example, I learned from Chuck Norris that it takes one little pinky finger on the left hand to kill a man. I also learned that Chuck Norris sleeps with four eyes open, two in his eyes and two in his fists. What I am trying to say is that what I learned from Chuck Norris is not to take life granted. Whatever will come to you will come through your own two hands. That to live the life you must beat it to submission through both hard work and sheer determination. That it is up to us individually to live our own lives and to be responsible for our own actions. Ok, I might be trying to overextend the lessons that Chuck Norris has given us mortal being. But there is a truth to what he says and does. It is that we are our own man/woman and we are the only ones to control our own lives. This is how I try to live my life and this is how I will live until I die.

How Would Chuck Norris solve an Economic Crisis

One thing for sure if Chuck Norris’s principles controlled the world’s economy we all would be in a better place. Here are 5 top ways Chuck Norris would solve the current world slump

5. Bank of America would be forced to kiss the ass of every American and then kicked in the face with a roundhouse kick

4. Greece’s ass would be kicked out of the Eurozone

3. Apple would be shoved into Samsung’s ass

2. Chuck Norris would have punched Kweku Adoboli in the face before the UBS trader was even born

1. World Leaders would agree to open up trade as they know Chuck Norris can teleport out of nowhere and punch them with his beard

Slick’s Journey to Build a Passive Income: High Interest Savings Account

person holding coin

Based on my previous post, I have identified three methods of building a passive income. Today I will focus on one of these methods; “High Interest Saving Accounts”

High Interest Savings Account is exactly like it sounds. In return for depositing your paycheque into a saving account you can receive up to 1.9% in interest every month. That sounds easy enough and in reality it is. Here are my top 5 tips in how to use this method effectively

1. Focus on online banks and credit unions

These are the financial institutions most likely to give the highest interest rates

2. Be aware of promotions that can offer as much as 3% a year

Banks especially online banks (Think ING or Canada Tire Financials) will often give out 3months to one year promotions that offer higher than normal interest rates in order to entice Customers

3. Keep your high interest saving account in a separate bank from your other banking accounts

Out of sight out of mind. You won’t have to worry about withdrawing from your saving account

4. Add autopay to your checking account

Autopay will allow you to automatically transfer a minimum amount to your high interest saving account each month. By doing this you will not have to worry about manually contributing each month

5. Always read the fine print

Make sure to always read the fine print before signing up for a promotion or opening up a bank account

The Slick Way to Building Passive Income

bank banknotes bill cash

Here are three slick ways to build and generate passive income of over 50,000 dollars a year

1. Rentals

In my area buying a house is expensive however the rent is high enough to make this investment worthwhile. Focus especially on new constructions when downpayment is typically low like a pre-sale condo.

2. High Interest Saving Accounts

Look for saving accounts in Canada that offer between 1.8 to 2%. These are usually done by credit unions and online banks. EQ Bank right now has an offer of 2.3%!

3. Dividend based Investments

This is one area where I am looking to diversify my incomes. Investments thats increase their dividends yearly are especially a target area.

Four Stages to Financial Literacy

black point and shot camera near macbook pro

Due to a record level of household debt in 2013 in North America, financial illiteracy raises epidemic concerns. Financial literacy is an individual’s ability to make informed and effective decisions with their own financial resources (, 2013). In 2012, 42% of Americans and 50% of Canadian adults gave themselves a C, D, or an F in their knowledge of personal finance (Toronto Dominion, 2012; Bank of Montreal, 2013). In light of this deficiency, it is clear why households have saved less than 5% of their income (US Bureau of Economic Analysis, 2013; Statistics Canada, 2012).

This lack in savings combined with financial illiteracy, is one effort of household debt soaring to more than 140% of disposable income (Toronto Dominion, 2013). Younger generations of North Americans entering the work force face the risk of even higher debt levels due to increasing unemployment rates and student loans.

This blog entry shares my experiences with personal finance to encourage more financial literacy training, starting with children to young adults.

Stage 1: My Introduction to Financial Illiteracy

My experience with financial literacy began at the age of 10 with a first gift allowance of US$30. That day represented my first step towards financial freedom. I felt my parents recognized me as trustworthy and responsible; old enough to manage money. I was naïve. In just three days, I had spent the money on happy meals, gumballs and my favorite teenage mutant turtle action figure. I remember coming back to my parents with tears in my eyes. I thought I broke their trust. Instead of the anticipated lecture, my dad just smiled. This was my first financial literacy lesson; save a portion of your allowance.

Stage II: Aware, but Financially Irresponsible

Fast forward eight years: I have just entered the University of British Columbia. My first part time job was in security – I made minimum wage. I opened a bank account and put in US$350. I received my first credit card happily provided by the bank’s financial advisor. I remembered my dad’s lesson on savings and as I worked my way through university. And, I made some big purchases using my credit card to ‘pay later’. By the end of that year, my credit card debt was double my annual earnings. I dutifully made the minimum payments ($10/month). With a 19% interest rate, my debt rapidly increased. It looked like there was no way out of this situation. I again turned to my dad for support and advice. He provided my second lesson on financial literacy; don’t spend more than you earn.

Stage III: Overcoming Financial Illiteracy Eight years after, I was working in my first job – with Vancity Credit Union in Vancouver, BC, Canada. By this point, I counted 16 years handling my personal finances. My dad’s numerous lessons had guided me to overcoming financially illiteracy. I have learned that financial management is full of perils which can negatively affect an individual’s happiness in life and economic well being.

Financial literacy is best taught at a young age. With a continuously developing brain and a natural curiosity, Generation Z (those now aged 1-13 years old) can rapidly learn valuable concepts around debt, savings and wealth creation. Without basic financial concepts, people are more susceptible to bankruptcy, carrying debt loads, scams and higher financial costs.

Stage IV: Teaching Financial Literacy to Others

Based on this understanding, I trained to become a certified financial literacy trainer with Vancity’s Each One Teach One Program (EOTO). This program has volunteers sharing basic financial concepts with people from vulnerable communities. Each presentation covers topics from introduction to banking to identity theft to what to do about fraud. The presentations I have done to date have been met by participants with appreciation, happiness and relief. While the EOTO participants are from different backgrounds, they all shared common stories of financial hardship.

A unifying sense shared among the younger participants was confusion in their lack of financial knowledge. Gaining the tools to overcome this ignorance through these financial lessons bestowed EOTO participants more confidence in handling their own personal finance and the affairs of their families. Not only was I delighted to be helping others, I learned another important lesson. Financial literacy is not only about the freedom to act, but also about the empowerment through confidence to understand and control one’s own situation.


Based on my personal experience, financial literacy is best learned at an early age. Parents are encouraged to actively develop their children’s knowledge of personal finance. The best way is through meaningful shared activities like teaching saving during the holiday shopping season and using a family ‘piggy’ bank. There are many online resources and saving tools for parents. One example is America Saves which includes an online pledge. In exchange for children saving $5 a month, they can earn special benefits. While saving $5 seems small, just having a monthly plan goes a long way towards successfully financing college tuition or affording a car. More importantly, all lessons about personal finance young stay with a child to use throughout life. With the Holidays around the corner, perhaps the best gift to give is a lesson on financial literacy.

Awesome Websites to Check Out!

Financial Educator Council:

Practical Money Skills: