All Posts by Bruce Firestone

Mr Francey interviews Bruce M Firestone on Patrick’s everyday millionaire podcast: https://theeverydaymillionaire.ca/episode82-bruce-firestone-making-impossible-possible/ -how to find your why -if you want to change your life, you have to act -how to restart your life at any age -how to really provide yourself and your family for 3-generations -the story of Roy and Tammy, owners of 48-doors […]

A million-dollar TFSA, https://business.financialpost.com/personal-finance/taxes/the-road-to-the-million-dollar-tfsa-is-getting-shorter-for-millennials, sounds great except I’m not 100% convinced about these assumptions: a) earning 4.7% yearly, compounding annually, b) continuing to put in max $$$ every year for 47-consecutive years without fail. There are simply too many ups & downs over a lifetime. But, say you buy a half double like one of […]

I spoke with my friend Victor Menasce about the Ottawa Senators, the NHL, real estate investment and more on his podcast… I explained how we purchased (in the early 1990s) 600-acres in the far west-end of Ottawa (Kanata) for $12,000 an acre ($7.2 million, if you are counting), plunked an NHL expansion franchise (aka, the […]

There are some benefits to getting older. You tend to have more patience and perspective; you tend to make better decisions and, consequently, make fewer mistakes. After I left the Sens, I wanted to figure out what to do next and, at the same time, my spouse, Dawn Mac Millan Firestone, was training to become […]

I usually don’t really like rent-to-own (R2O) models either from an investor’s POV (point of view) or from a client’s POV. From a client’s POV, it’s an expensive way to buy property; they have to pay all of the costs of the property including mortgage payments, property taxes, insurance (tenant and landlord insurance), all repairs/maintenance, […]

[Excerpt from soon-to-be-published Gadgets and Gizmos, Bruce M Firestone, 2020] How could you give workers in the fast food industry a living wage? The only way (sustainably) is to make them more productive. Here is my thought about this: Turn your existing biz processes inside out. If I owned a fast food business, I would […]