Financial fitness

Financial fitness

March 5, 2013

Brenda Hiscock puts a positive spin on personal finance by empowering readers with practical tips and good news from the financial world.

Are you financially fit? To determine this, ask yourself these questions: Can your financial plan weather storms of uncertainty? Are you on the path to achieving your dreams? Have you defined your dreams?

Courtney Carroll’s new book The Financial Fitness Blueprint defines a clear path to achieving financial fitness, thoroughly covering the various ways of doing so.

Growing up, Courtney lived in poverty in government housing with his single mom and siblings. Knowing that he wanted something different for himself, he managed to go to university, but found that – even after landing a great job as an educator – his financial circumstances hadn’t changed very much.

He began to see that he carried very limiting beliefs about money, and that was the reason he was not achieving wealth. He recognized that in order to realize his dreams, he was going to have to change his thinking. He began to surround himself with people who saw things not as they were, but how they could be. His life began to change.

In an effort to share what he learned over the course of his journey, Courtney wrote a book providing an overview of the options one has for creating wealth, as well as the importance of developing the mindset for achieving it. His personal favorite is real estate investing. I asked Courtney to write a piece about real estate investing, and here it is:

Have you bought into the 40, 40, 40 plan marketed to the masses? If you have, you are not alone. The majority in society have adopted this plan and have been conditioned to work 40 hours a week, 40 years of their lives, for 40% of their income during their retirement. This flawed philosophy has sentenced millions to a life of servitude and has robbed them of their youth and vitality, leaving them broke and embarrassed at the age of 65.

A better philosophy is to embrace the concept that profits are better than wages and commit to a full-out pursuit for creating financial fitness in our lives. Financial fitness must become a priority in our lives if we hope to thrive in our changing economy. This means we must think outside the box and find ways of putting our money to work harder for us so we don’t have to.

So how do we get there? How do we build profit streams to move us from one rung of the financial ladder to the next? Although there are many vehicles one can drive to financial freedom, real estate in my opinion is the best way and here is why. If purchased correctly, real estate provides three ways for you to profit. The first way to profit is to purchase properties below market value. Buying below market value will improve your monthly cash-flow after expenses when operating your building. Robert Kyosaki, in his book Rich Dad Poor Dad, said when it comes to investing “one should profit when they buy and when they sell.”

The second way to profit is from the appreciation of your property over time. If you have a long-term vision and buy and hold your investments, it is reasonable to see the value of your property doubling in 15 to 20 years. A third way to profit is from the equity being built into your property every month. Each month your tenant’s rent reduces the mortgage outstanding to the bank, increasing the equity you have in your property. Serious investors will leverage the bank’s money by pulling equity and purchasing more properties in order to build their portfolios. The ability to leverage the bank’s money to grow your wealth is another reason I love real estate, and why some of the wealthiest in society continue to hold their wealth in real estate.

Financial fitness is not your destiny; it is a personal choice, but I believe it is far more noble and righteous to create abundance so we can bless others than to settle and live a life of mediocrity. Real estate investing is not for everyone, but it could very well be the profit vehicle you need to escape the 40, 40, 40 plan in order to create your life by design.

With gratitude,

Courtney Carroll

Courtney’s book, The Financial Fitness Blueprint, can be found in Chapters. Information and tips on financial fitness can be found on his website at Courtney can be reached by email at

Brenda Hiscock

Brenda Hiscock

Brenda Hiscock is a certified financial planner, with a specialty designation in critical illness, disability and long term care insurance.She works closely with individuals and business owners to help them to define and achieve their financial goals. She can reached at
Brenda Hiscock

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