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17d ā¢Ā
Poor People's Decision Goggles
What keeps poor people poor? It's not... šBeliefs šLuck šSmarts šLack of Money šOppression šLack of good looks It's CONSISTENTLY POOR DECISION MAKING! We all make poor decisions from time to time. A poor decision here or there won't put you in the poorhouse UNLESS the DOWNSIDE of the decision is catastrophic. (Drunk Driving, for example) Now... Ronin are here MOSTLY to make an income without masters. So...let's apply this to $$$ Let's talk about ONE decision-making PRINCIPLE which took me from poor to rich so fast it made my head spin. There are whole books on personal finance and business and such. But... This ONE PRINCIPLE is like putting on GOOD DECISION glasses when it comes to money getting. It comes down to this: ā
Rich people have CONTROL. āPoor people do NOT have CONTROL. šI call it the CONTROL PRINCIPLE. šWill this decision give me MORE OR LESS control? It doesn't matter if I "like" it, or not. It doesn't matter if it's "easy" or not. It doesn't matter if it's "popular" or not. It doesn't matter if it "costs" me money or not. All that matters... Does this decision give me MORE CONTROL? ...OR LESS? Case in point: A fine chap I have known for over 5 years... And he's been "broke" for 5 years... Routinely makes decisions NOT based on control, but based on what the decision will cost him. For example: He has a YT channel. Which he has almost NO CONTROL over traffic-wise. Sending his YT traffic to an email list or community or ANYTHING he DOES have control over is a much better decision than letting YT have ALL THE CONTROL. But he refuses to TAKE/GET CONTROL... Why? $9 a month. POOR DECISION! (Google is RICH because they CONTROL STUFF! The same applies to Microsoft, Amazon, etc. Rich people spend BILLIONS to merely GET CONTROL. Google spent billions to get control of YT. They spent what most peeps thought was a stoooooopid amount of money because YT was losing money. But Google uses the CONTROL PRINCIPLE when making decisions. My poor friend does not. Google didn't get rich by getting all the FREE STUFF they could.)
2 likes ā¢ 17d
In Canada there is a brand called "Canadian Tire" It sells a lot of stuff, a lot of car stuff, some household stuff. But years and years ago... They started to get control of assets, brands, and other stores. Now their portfolio is huge. I asked chatGPT what they own a few weeks back, and this is what it came back with; Hereās a comprehensive list of companies, banners, and brands owned by Canadian Tire Corporation (CTC), based on its most recent holdings: Retail & Brand Portfolio Sporting Goods & Outdoor Retail - FGL Sports (formerly Forzani Group), acquired in 2011āincludes: Sport Chek Atmosphere Sports Experts Hockey Experts National Sports (all stores closed in 2021) Nevada Bob's Golf S3 Sport Mart Tech Shop Pro Hockey Life The Fitness Source Clothing & Footwear - Markās (formerly Markās Work Wearhouse), acquired in 2001 - Helly Hansen, acquired in 2018 Automotive Parts & Services - PartSource, a chain of automotive parts stores - Canadian Tire Gas+ (operated by Canadian Tire Petroleum) ā runs gas stations and car washes; many converting to Petro-Canada franchises as of 2023ā2024 Party Supplies - Party City (Canadian operations), acquired in October 2019 under a 10-year supply agreement Financial Services - Canadian Tire Services Ltd. (operating as Canadian Tire Bank) ā handles credit cards (Triangle Mastercard, etc.), savings, and insurance services - Note: Scotiabank briefly held a 20% stake, fully repurchased by Canadian Tire in 2023 Real Estate - CT REIT (Canadian Tire Real Estate Investment Trust) ā owns many properties including Canadian Tire-anchored retail locations; CTC maintains around ~85% effective interest Owned Brands & In-House Labels Beyond outright acquisitions, Canadian Tire also owns/manages a range of proprietary brands and trademarks used throughout its retail network: - Mastercraft (tools) - MotoMaster (automotive products) - NOMA (household goods and lighting) - Simoniz (car care products) - Frank (budget household/grocery items) - Maxximum (premium tools) - Canvas (furniture) - Yardworks (lawn & garden equipment) - Woods (outdoor clothing) - Master Chef (BBQ/outdoor cooking) - Premier (paint) - JobMate (budget power tools) - Certified (various equipment like generators, snowblowers) - Victoriaville, Hespeler, and Sher-Wood ā hockey equipment brands acquired via FGL Sporting goods retailers owned by Canadian Tire (via FGL Sports):
1 like ā¢ 17d
Needless to say , Canadian Tire won't be filing for bankruptcy any time soon !
23d ā¢Ā
Big Ass News that AFFECTS you Ronin!
This news is so big I couldnāt wait to finish my walk to tell ya! Rooting for Ya, Travis https://www.skool.com/community-fire-mojo-6715/about?ref=9466c32b019e4a9e9b972658159f50e8
4 likes ā¢ 23d
This is awesome. Count me in!
1 like ā¢ 23d
@Travis Sago let's gooooo!
Aug 13 ā¢Ā
6 Figure Win!
I'll keep this short.... I just recently paid off a little over 50k in business and personal debt. All thanks to Travis , this group, the Little Rock trip, the mastermind and the deals and partnerships that followed. Still have a little bit more to go but it feels like an incredible weight off my shoulder. Last year one of these partnerships did 6 figures. This year we've done 5 figures, but with recurring should hit 6 easy. What is being taught here is truly life changing stuff. Little bit of wisdom.... The faster you fail the farther you will go. As you can then tweak the process and get better at it. You'll start to develop a sense for things. And also be more sensitive on which partners NOT to team up with. Excited to see what I can do in the next few months / years And how much more freedom can be created :)
0 likes ā¢ Aug 16
@Daniel Iversen appreciate it!
0 likes ā¢ Aug 16
@Steve Walther happy to inspire
Aug 13 ā¢Ā
Auction Win!
6 minutes to go before the webby... I'm getting my win, last min :-) $59,050 on a 24 hour auction on my first go. #win
2 likes ā¢ Aug 13
That's a smokin hot Auction win hot daymn ! Congrats šŖ
Aug 4 ā¢Ā
$5k in 5 Days WIN - Coffee Date
So I had my first 2 coffee dates today. I got yeses on both of them!!! One wants to launch this week and the other is a friend who always has a hard time staying focused and getting from point A to point B but I think we'll make it happen in the next few weeks :) UPDATE: someone asked where I found my āgreen M&Msā so I thought Iād share since it wasnāt tricky just following @Travis Sago suggestions! Imagine thatā¦it worked :) I have my VA working on LinkedIn but coming up dry. So in the last call Travis talked about posting it to my personal page. Which I didn't think would get much traction because I don't use my personal page all that much and it's mostly friends not colleagues. You can see it didn't get a lot of traction but it worked better then I thought and got me 2 coffee dates :)
0 likes ā¢ Aug 5
Let's go @Sunny Trochaniak happy to see things starting to come together for ya
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