Tuesday.
Cheap movie night.. cheap wing night... cheap beer night.
Awesome.
A couple weekends ago I attended a few networking conferences. The first was hosted by Toronto Entrepreneurs which featured numerous motivational speakers from World Financial Group. The conference was concluded with Robert Herjavec giving some powerful insight into entrepreneurship.
The message was simple: Do what you are good at, buy what you aren't good at.
Reasoning: Robert really focused on the notion that everyone is good at something.. but that no one is good at everything. He emphasized the importance of limiting your focus and narrowing your concentration onto a specific area.
Robert also noted that as young entrepreneurs we essentially hold the ability to write history. We are the future.
.... isn't that a powerful statement... WE ARE THE FUTURE.
It amazes me.
Overall Roberts talk was very entertaining. He covered all areas of entrepreneurship, wealth, success and life.
The second conference was the Cold, Hard, Truth featuring the Merchant of Truth himself... Kevin O'leary.
I purchased my ticket the very first day that they came on sale; I sat in the very front row.. less than five feet away from Mr. Wonderful.
Kevin's talk was amazing. Completely worth the money.
Kevin has a different way of thinking. He truly loves money. He really focused on simplifying investing and money management theories. He discussed his view on the Canadian and American economies.
He also gave insight into some investing tips and tricks to help set off young people into the world of investing.
Kevin seriously stressed the importance of saving 1/3 of each pay cheque and investing it into a mutual fund... which is exactly what i'm doing :)
He also works off the 5-20 principal.
- No more than 5% of your whole net worth in any one stock.
- No more than 20% of your entire net worth into any one sector.
There you have it.
Until next time.
Tim.