Category Archives for "Finance"

Apr 01

Staying afloat in a time of Covid-19 for tenants and landlords

By Bruce Firestone | Architecture , Design , Entrepreneurship , Finance , PB4L , Real Estate , Real Estate Investment Coaching , Urban Economics

[A version of this article first appeared in Ottawa Business Journal] Since the dawn of the industrial age in the early 1700s when Thomas Newcomen produced the first successful steam engine (later perfected by James Watt in 1769), there has never been a major economy that contracted by 40% in a single quarter. This happened […]

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Mar 25

Covid-19 Crisis Planning by Bruce M Firestone, PhD

By Bruce Firestone | Architecture , Design , Family , Finance , Green for Real , Investing , PB4L , Real Estate , Real Estate Investment Coaching , Urban Economics

Here is a 10-minute video I put together on: How to protect yourself, your biz and your real estate holdings as well as clients, employees, suppliers, guests, residents, tenants… in a time of covid-19. This is what I cover off: IN THE GREAT DEPRESSION INDUSTRIAL PRODUCTION CONTRACTED BY MORE THAN 40% in Canada, US and […]

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Mar 21

Covid-19 Crisis Plan

By Bruce Firestone | Business Coaching , Design , Family , Finance , Green for Real , Ideas , Investing , Life Coaching , PB4L , Real Estate Investment Coaching , Sales & Marketing , Urban Economics

Over 2,000 have signed up for this free webinar on March 24 at 7 pm ET: How to protect yourself, your biz, your real estate investments as well as clients, employees, suppliers, guests, residents, tenants… in a time of Covid-19 Listen as 20-experts give their views and take questions… Register now, https://www.covidcrisisplan.com/brucefirestone Prof Bruce is […]

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Mar 06

Getting started on your trip to financial freedom

By Bruce Firestone | Business Coaching , Entrepreneurship , Finance , PB4L , Real Estate Investment Coaching

Before you start coaching with Prof Bruce and his group, you should do some homework! First, have you answered our COACHABILITY QUIZ to find out—are you ready, willing and able to be coached? https://brucemfirestone.com/so-you-think-you-are-ready-for-coaching/ If you answered “yes” to at least ten of those questions, it is likely that coaching will be effective in helping […]

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Feb 25

A million dollar TFSA sounds great except…

By Bruce Firestone | Family , Finance , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

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 […]

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Feb 24

How to turn $7.2 million into half a billion dollars

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Family , Finance , Investing , Real Estate , Sports & Entertainment , Urban Economics

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 […]

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Feb 03

Rent-to-own business model

By Bruce Firestone | Architecture , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , PB4L , Real Estate , Real Estate Investment Coaching , Urban Economics

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, […]

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Jan 13

How many ways are there for Canadian real estate entrepreneurs to get screwed?

By Bruce Firestone | Architecture , Entrepreneurship , Finance , Real Estate , Real Estate Investment Coaching , Urban Economics

[The problem with low appraisals] I am frustrated that Canadian real estate entrepreneurs have so few options when it comes to financing their projects. My friend, Matt Slobodian from Canada ICI wrote this: The regulatory framework in Canada focuses on safety and soundness (it is federally regulated via OSFI, which implies higher standards) whereas the […]

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Jan 10

Why American businessmen and businesswomen are eating everyone’s lunch

By Bruce Firestone | Business Coaching , Entrepreneurship , Finance , PB4L , Real Estate , Real Estate Investment Coaching

I coach some fantastic entrepreneurs in the US, Canada and elsewhere. However, there is an experience common to entrepreneurs the world over except for the US. Their business ecosystem is different. I wrote to a Canadian woman I coach who runs a real estate portfolio focused on Airbnb and student rentals who is expanding her […]

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