Rich Habits Podcast

Q&A: Feeling Squeezed, Gambling on Canadian Real Estate, & Off-Market Deals

12 snips
Sep 18, 2025
This discussion dives into the struggles of feeling financially squeezed, highlighting tips to balance spending and saving effectively. They tackle the realities of real estate in Canada, including dealing with losses and smart investment strategies for self-employed folks. Listeners learn how to evaluate and source off-market deals, alongside the risks of using HELOCs for high-yield investments. Finally, they explore how to smartly invest proceeds after selling a business, emphasizing diversification and proper financial planning.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ADVICE

Get Cash Fast Before Building A Business

  • Start simple to earn money quickly: drive for delivery apps or get a second hourly job to make immediate cash without setup overhead.
  • Delay building a formal side business until you have clients and revenue to justify the 10–20 hours of setup work.
ADVICE

Find Bookkeeping Clients Locally

  • Use local Facebook, Nextdoor, and neighborhood groups to find bookkeeping clients and offer value before pitching a paid service.
  • Spend small ad money or attend meetups to get eyeballs and secure the first 2–4 clients quickly.
INSIGHT

High Savings Can Create A Squeeze

  • Investing aggressively in your 20s can make you very wealthy but may produce a feeling of being 'squeezed' if you neglect present comfort.
  • Dial back from ultra-aggressive saving to maintain balance: keep match and Roths, then budget discretionary spending intentionally.
Get the Snipd Podcast app to discover more snips from this episode
Get the app