Ricklee's Wealth Journal

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RICKLEE
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Ricklee's Wealth Journal

Postby RICKLEE » Tue May 26, 2009 8:53 am

This is my 2013 entry. Here are my goals:

SHORT TERM (1 YEAR OR LESS):

1. Build clientele of high net worth families.
2. Create my business model for investment counsel.
3. Align with others that share my vision.


LIFE PURPOSES

1.Be a great Husband and Father. [color=green]Currently married with one daughter

2. Be a great Entrepreneur. Currently on hold after ending previous business.
3. Be a great Benefactor. Currently looking for those in need.
Last edited by RICKLEE on Wed May 01, 2013 8:47 am, edited 39 times in total.
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RICKLEE
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Paid $200 off RYLC debt, leaving $84,800 (nt)

Postby RICKLEE » Tue May 26, 2009 11:40 am

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Brought in 2 new products. Wonder Hangers and Bra Clips (NT)

Postby RICKLEE » Tue May 26, 2009 11:47 am

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Documented Warren Buffet's 9 Investing Screening Criteria

Postby RICKLEE » Tue May 26, 2009 11:53 am

Based on the excellent book, Buffettology, by Mary Buffet.

I put it on my secret blog on my Options trading. Trying to re-write it here from memory:

1. Strong Return on Equity
2. Strong Return on Total Capital
3. Strong and rising Historical Earnings
4. Little to no Long Term Debt
5. Right Product or Service with Durable Competitive Advantage
6. Avoids Organized Labor
7. Sales Prices keep up with Inflation
8. Low Operational Costs
9. Commitment to Repurchase Shares
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RICKLEE
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Cashed Out of a NonPerforming Mutual Fund.

Postby RICKLEE » Tue May 26, 2009 12:00 pm

..GrowthWorks fund. Order placed today. Lackluster performer ever since I owned it, over 14 years ago!! Good news is it no longer has clawback tax risk today. Benefit of the investment for so long was the Tax Credits, which were substantial. But every time I looked at my statement, I groan at the sight of the holding. I will be free of it this coming Monday, Yeah!!

The other dog investment, Vengrowth Life Sciences Fund, will need be held till 2011, unfortunately, to avoid tax clawbacks of $750 and $800 federal and provincial. Hopefully it might rise while I hold it (fingers crossed).
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Addressed a Customer Complaint.

Postby RICKLEE » Tue May 26, 2009 12:03 pm

Customer bought item end of April. Staff did not catch it. I did not catch it. Customer complained. I processed the order today, it's now in the mail. I apologized in writing. Hope he's happy now.. :?:
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Listed My Last Q-Grill..

Postby RICKLEE » Tue May 26, 2009 12:05 pm

..had it in the warehouse for 2 years! Still brand new in box.

Researched it and found it was no longer available from Thane. Lots of customers want it badly.

I put it on eBay at a price reflecting its newfound rarity!


:lol:
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Absorbing T. Harv Ecker's "Millionaire Mind" Audio

Postby RICKLEE » Wed May 27, 2009 3:13 am

Key Takeaways:

1. Thoughts=>Feelings=>Actions=>Results
2. Your income cannot exceed You
3. Your income is based on your Financial Blueprint=Financial Thermostat
4. There are 17 things Rich People believe that Poor and Comfortable People Don't.
5. Rich People believe they are in control of their lives. Anything positive or negative, it is due to their own choices.
6. Rich People are Committed to being rich. Not just Wish to, not just Want to..
7. Thoughts are a result of programming - what you heard, what you were modelled (saw), what you experienced (felt) = (NLP variant - RL)
8. Entrepreneur = Problem Solver
9. Rich people think BIG = Solve Big Problems
10. Rich people focus on Solutions. Poor people focus on problems.
11. Rich People bless other rich people. Poor people do not.
12. Rich people talk about Net Worth. Poor people talk about income.
13. Rich people are great Receivers. Poor people are weak Receivers.
14. Poor people think "this or that". Rich people think "both".


I believe what Harv says so far. - touch heart
I have a millionaire mind - touch forehead
:D
Last edited by RICKLEE on Thu May 28, 2009 5:02 am, edited 3 times in total.
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Updated Family Balance Sheet (NT)

Postby RICKLEE » Wed May 27, 2009 3:15 am

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Re-Read Make Money While You Sleep by B. McFall

Postby RICKLEE » Wed May 27, 2009 7:25 am

Got inspired to work on my new niche market:

Female Blackjack Players Who Want to Win Thousands at Blackjack

My Unique Value Proposition: Which One Will Be Most Attractive?

A-For Women Only: How to Play Winning Blackjack and Outsmart any Casino

B-For Women Only: Winning Secrets the Casinos Fear You Will Learn!

C-For Women Only: Take Back What the Casinos Took From You - and More!
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Worked Out Today..after a 5 day break (NT)

Postby RICKLEE » Wed May 27, 2009 9:59 am

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Dimsum Lunch with Dad..

Postby RICKLEE » Wed May 27, 2009 10:00 am

..discussed alternatives with his house. He will get the advice of JM, our Real Estate Agent.
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Updated Family Balance Sheet (NT)

Postby RICKLEE » Thu May 28, 2009 4:14 am

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New Start: Tracking Income Sources Daily (NT)

Postby RICKLEE » Thu May 28, 2009 4:15 am

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Paid $200 off RYLC debt, leaving $84,600 (nt)

Postby RICKLEE » Thu May 28, 2009 4:55 am

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