FROM PIPELINES TO TAROT CARDS?!
It’s been quite a week of pipeline news! Hackers were able to shut down the Colonial Pipeline, effectively strangling the fuel distribution to the entire Eastern seaboard—until the ransom was paid. On this side of the border (mostly), the Line 5 pipeline is threatened with shutdown for political and environmental reasons. This would result in a dramatic decrease to fuel delivery in Ontario and Quebec.
How does this relate to Financial Freedom and Real Estate Investing?
Think of a pipeline as the cash or income that flows into YOUR pocket or your family’s income. You “build” your pipeline to carry the fuel (cash) to where it will be consumed (food, shelter, spending money, perks, …). That fuel might come from a job, or your investments, or a pension plan, or a business.
Now, what if your cashflow pipeline is suddenly disrupted? What if you have a 2 income household, but only 1 person is able to work for a while? Or what if you’ve counted on the Canada Pension Plan as part of your future income, but it changes by the time you’re 67, or 70, or it disappears for some reason? What if something completely unexpected happens? Like some random digital terrorist that you’ve never met? Or some microscopic virus shuts down the entire world! We can’t imagine and protect for all situations.
For us, Financial Freedom means we won’t need to panic if one cash pipeline is shut down for some reason. We are building a future that involves several pipelines of income. We are focused on seeing things as they are, but not worse than they are. The unpredictable does happen. We don’t need to live in a fortress with armed guards and weapons and a moat! But we do need to know that our earned money is out there growing more wealth and cashflow for our future.
To be clear, we don’t use crystal balls, or tarot cards or other mystical future-casting methods. And we don’t blindly follow every economic forecaster out there (you’ve seen the accuracy of weather forecasting, right? Economic forecasting is just as difficult in our opinion).
We are consciously following the economic fundamentals and market influencers and how they relate to real estate. We are very optimistic about the gradual recovery in GDP and employment numbers. We are paying close attention to the interplay between low interest rates and inflation. And we are watching the basic economic lessons of supply and demand in the housing and rental housing markets.
Investing with Greg & Deb isn’t super sexy! We don’t have the latest, greatest technique or multi-family products on the market. We don’t have an astonishing ability to make predictions. We have a slow and steady approach, with both caution and growth in mind. We serve each investor-partner to the best of our ability, and specifically to provide an individualized approach. We are growing multiple “pipelines” of income for our Financial Freedom, and invite others to join us in the journey.
Follow us to watch or learn more about our path to Financial Freedom:
@MtnEdgeRenovate @MtnEdgeDevelops
