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In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham chats with Nick Messina, a realtor from Team Goran at RE/MAX Care Realty in Windsor, Ontario, and Kass Dipasquale, founder and principal designer at Kass Design Studio in LaSalle, Ontario. The discussion dives into common pitfalls real estate investors face during renovations, such as personalizing spaces too much with unique colors or layouts that limit appeal. They emphasize keeping designs neutral and modern to attract broader buyers, while sharing strategies to maximize resale value without overspending. From avoiding emotional decisions to focusing on high-ROI updates like kitchens and bathrooms, the guests provide practical advice tailored for busy investors looking to flip or rent properties efficiently.Drawing from real-world experiences, Nick and Kass highlight cost-saving tips, including using affordable materials like luxury vinyl plank flooring instead of hardwood, and simple refreshes such as repainting cabinets or adding backsplashes for big visual impact. They stress the importance of planning with visuals like mood boards on Canva or Pinterest, consulting professionals early, and calculating returns before starting work. For sellers, the duo recommends light fixtures, vanities, and staging with plants to create a welcoming yet depersonalized space. As of November 2025, with Windsor's real estate market showing steady demand amid local developments, these insights help investors navigate renovations to boost equity and avoid equity-draining errors.The episode wraps with warnings about "ugly" renovations—like neon walls, mismatched styles, or bizarre features—that can deter buyers, and encourages building a team of experts for success. Whether you're a first-time investor or seasoned homeowner in Ontario, this conversation offers actionable steps to renovate smarter, with a nod to LendCity for mortgage options that can incorporate renovation costs to fuel growth.Key TakeawaysAvoid Personalization Pitfalls: Steer clear of unique colors or custom features like neon walls or odd layouts; opt for neutral whites and modern generics to appeal to more buyers and ease resale.Focus on High-ROI Areas: Prioritize kitchen updates (70-100% return) with cabinet refacing or backsplashes, and bathrooms (around 70% return) by modernizing at least one fully while quick-fixing others.Cost-Cutting Strategies: Use luxury vinyl plank flooring to save $5 per square foot over hardwood; calculate ROI with spreadsheets and consult realtors like Nick for post-renovation value estimates.Planning Essentials: Start with a clear vision using mood boards on Canva or Pinterest; depersonalize spaces for staging while adding warmth with plants to help buyers envision their life there.Team Building for Success: Assemble professionals early—realtors, designers, and lenders like LendCity—to avoid DIY disasters, such as improper wiring, and ensure renovations align with investment goals.Stand Out Wisely: Subtle uniqueness can make a property memorable, but over-the-top elements like trophy animals or blood-drip paint effects can scare off buyers; balance appeal for flips versus personal homes.Links to Show ReferencesNick Messina's Contact: Phone - (226) 782-4552;  Instagram - @messina.nickKass Dipasquale's Contact: Phone - (226) 881-2194; Website - kassdesignstudio.ca; Instagram - @kassdesignstudioLendCity Mortgages (for Pre-Approvals and Renovation Financing): lendcity.ca

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham addresses a listener's request to explore the advantages and disadvantages of purchasing investment properties through a corporation versus in one's personal name. Drawing from his experience as a mortgage expert at LendCity, Scott explains key benefits like keeping corporate mortgages off personal credit reports, allowing investors to qualify for more loans without impacting their personal debt ratios. He highlights how some residential lenders ignore corporate holdings entirely, enabling repeated "resets" for further acquisitions. Additionally, corporations provide enhanced liability protection, shielding personal assets from potential lawsuits related to the property.Scott also covers the drawbacks, including higher interest rates due to fewer lenders offering corporate mortgages post-COVID, as many shifted toward commercial products with added fees. He notes challenges with multiple directors, requiring all to co-sign, and emphasizes consulting accountants for tax implications, which can vary based on income levels. As an alternative, Scott discusses bare trust agreements, which allow closing personally before transferring to a corporation for tax purposes, though they offer no liability shield and may complicate future refinances. As of November 2025, bare trusts remain a viable option, but recent federal budget updates have exempted them from new T3 reporting requirements for the 2025 tax year, providing temporary relief from enhanced disclosure rules.This episode offers practical guidance for real estate investors in Canada, stressing the importance of personalized advice from professionals. Scott invites listeners to join LendCity's investor hub for upcoming webinars on this topic and encourages feedback for future episodes, blending mortgage insights with strategic tips to help build wealth through informed decisions.Key TakeawaysCredit Bureau Benefits in Corporations: Corporate mortgages don't appear on personal credit reports, and some lenders exclude them from applications, allowing investors to "reset" and acquire more properties without debt ratio limits.Liability Protection Advantage: Holding properties in a corporation limits lawsuits to corporate assets only, protecting personal belongings; separate insurance can provide similar coverage personally but may not be as comprehensive.Higher Rates and Fewer Options: Corporate purchases often face elevated interest rates due to limited lender availability post-COVID, with many treating them as commercial loans that include fees.Director Requirements for Corps: All corporate directors must typically co-sign the mortgage, which can complicate setups involving family or non-active partners.Tax Considerations Vary: Corporate ownership might lower taxes for high earners, but personal could be cheaper for others—consult an accountant to determine the best fit.Bare Trust as a Hybrid Option: Allows personal closing with post-closing transfer to a corporation for tax benefits, avoiding land transfer taxes in some cases, but lacks liability protection and may cause lender issues during refinances; exempt from 2025 T3 filing requirements per recent federal updates.Seek Professional Advice: Always discuss with mortgage brokers, lawyers, and accountants before deciding, and join investor hubs for webinars and networking.Links to Show ReferencesScott Dillingham's Contact: Phone - (519) 960-0370; Email - scott@lendcity.ca; Website - lendcity.caLendCity Investor Hub (for Webinars and Content): investorshub.lendcity.ca/feed

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham addresses a common challenge facing rental property investors in Canada amid high interest rates. With many investors holding variable rate mortgages, rising rates have eroded positive cash flow, often leading to negative scenarios. Scott explains why variable rates have historically been ideal for investors—offering low exit penalties, higher prepayment options, and lower overall rates—but notes how recent hikes have flipped this dynamic. Drawing from frequent client inquiries, he outlines practical solutions to restore profitability without selling properties, emphasizing the importance of consulting experts like the team at LendCity Mortgages.Scott details three key strategies to combat negative cash flow. First, converting to an interest-only mortgage or line of credit reduces monthly payments by eliminating principal repayments, though at a slightly higher interest rate. This appeals to seasoned investors who prioritize cash flow and appreciation over debt payoff. Second, switching lenders allows for extending the amortization period back to 30 years, significantly lowering payments compared to staying with the current lender's shorter term. Third, refinancing to add a second suite or renovate the property pulls out equity to boost rental income, offsetting increased mortgage costs. He stresses checking local zoning and municipality rules for feasibility.As of November 2025, the Bank of Canada has maintained its policy rate at 3.75% following a series of cuts earlier in the year, providing some relief but not fully reversing prior hikes. Variable mortgage rates hover around 5.2-5.7% depending on the lender, while fixed rates are slightly lower at 4.5-5.0% for 5-year terms. Scott encourages investors to act proactively, as these options have helped many clients save on interest expenses. This episode equips listeners with actionable insights for navigating Canada's evolving real estate market, blending expert advice with real-world applications for long-term wealth building.Key TakeawaysVariable Rates' Historical Appeal: Low penalties for exit, higher prepayment privileges, and traditionally lower rates make them investor-friendly, but recent hikes have led to negative cash flow for many.Interest-Only Mortgage or Line of Credit: Convert your mortgage to interest-only to eliminate principal payments, reducing monthly costs and boosting cash flow; convertible back to a standard mortgage when rates improve.Switch Lenders for Extended Amortization: Move to a new lender to reset amortization to 30 years, lowering payments even at similar rates compared to your current lender's shorter term.Refinance for Second Suites or Renovations: Pull equity to add units or upgrade properties, increasing rental income to counter higher mortgage payments; always verify local zoning and municipality approvals.Location and Qualification Factors: Options like interest-only products are region-specific and depend on credit, debt ratios, and portfolio strength—consult experts for personalized assessment.Proactive Investor Mindset: Avoid selling in distress; focus on long-term appreciation and cash flow by using these strategies to turn negatives into positives amid 2025's stabilizing rates.Links to Show ReferencesLendCity Mortgages: lendcity.caContact Scott Dillingham's Team: Phone - (519) 960-0370Bank of Canada Rate Updates: bankofcanada.ca

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham shares insights on navigating mortgage interest rates amid economic uncertainty. Recorded in June 2023 during a period of rising rates, Scott discusses common investor dilemmas: whether to lock into shorter 2- or 3-year fixed terms anticipating future drops or opt for a 5-year fixed for immediate stability. He cautions against trying to "time the market," emphasizing that shorter terms often carry higher rates—typically 1 to 1.5% more than 5-year options at the time—potentially leading to overpayments without substantial future savings. Drawing from conversations with lenders, Scott notes that any rate reductions would likely be gradual, not drastic like during COVID or the 2008 recession, making aggressive gambles risky.Fast-forward to November 2025, the landscape has shifted significantly. The Bank of Canada has steadily cut its overnight rate from a high of 5% in mid-2024 to 2.25% as of October 29, 2025, signaling a potential pause in further reductions.  Current mortgage rates reflect this: 5-year fixed options average around 3.79% to 4.19%, while variables sit at about 3.45%.  Canada's economy, which met technical recession criteria on paper in 2023, has shown resilience in 2025, avoiding a full downturn despite sluggish growth and a GDP contraction in August.  Projections indicate modest GDP growth of 0.6% to 1.1% for the year, with risks lingering into 2026 due to factors like trade uncertainties.  Scott's advice remains relevant: prioritize current cash flow and qualification potential over speculative bets on rate drops.Scott advocates for decisions based on today's needs, highlighting how lower fixed rates can improve stress tests and enable portfolio expansion. For those betting on further declines, he recommends variables for automatic adjustments and the flexibility to convert to fixed anytime. This episode provides timeless strategies for real estate investors, blending 2023 perspectives with updated 2025 realities to help avoid costly mistakes in a volatile market.Key TakeawaysAvoid Timing the Market: Shorter 2- or 3-year fixed terms often have rates 1-1.5% higher than 5-year options, risking overpayments unless future drops are drastic—unlikely based on lender forecasts.5-Year Fixed for Stability: Choose longer terms for lower current payments, better cash flow, and easier qualification under stress tests, ideal for growing investment portfolios.Variable Rates for Flexibility: If expecting declines, variables adjust automatically and can be converted to fixed, allowing immediate benefits without locking in prematurely.Economic Context Update 2025: Bank of Canada rate at 2.25% after cuts; economy avoided full recession with slow growth projected at 0.6-1.1%, but risks remain for 2026.Focus on Today's Needs: Ignore future unknowns; lower rates now support higher borrowing power and reduce overpayment risks in uncertain environments.Investor Mindset: Calculate total interest costs carefully—gambling on big drops could lead to higher overall expenses and limited portfolio growth.Links to Show ReferencesLendCity Mortgages (for Pre-Approvals): lendcity.caWisdom Lifestyle Money Show: Search on major podcast platforms or visit LendCity for episodesBank of Canada Updates: bankofcanada.ca

In this special admin edition of the Wisdom Lifestyle Money Show, host Kristen Dillingham sits down with LendCity Mortgages admins Kayla Miller and Jillian Barnes to demystify the mortgage application process. Drawing from their backgrounds in healthcare and medical care before joining the team in 2018, the trio shares how they've learned the ins and outs of mortgages from scratch under Scott Dillingham's guidance. They emphasize that getting a mortgage is simpler than expected for many, but success hinges on proper documentation, budgeting wisely, and avoiding impulse buys like expensive cars that depreciate and impact financing power. The discussion highlights transferable life skills, like prioritizing homeownership over short-term luxuries, and provides practical advice for first-time buyers and investors alike.Diving into the LendCity process, they outline steps from initial lead intake to pre-approval, including filling out applications, submitting income docs, and cross-referencing details for accuracy. Key tips include ensuring job letters are on company letterhead, signed by HR, non-editable (PDF preferred), and dated within 30-60 days, as lenders like banks require this to verify employment and prevent fraud—policies tightened post-COVID. Pay stubs must be clear, with matching year-to-date earnings, and explanations for discrepancies like unpaid leave. For identification, two pieces of government-issued ID (front and back) are needed, such as driver's licenses, passports, or even hunting/gun licenses, but health cards are prohibited. The episode stresses transparency to avoid surprises, noting that blurry or incomplete docs lead to delays.For investors with rental portfolios, they cover needing recent leases, tenant acknowledgments for month-to-month setups, T1s for rental income verification, mortgage statements, and city-issued property tax bills (not just escrow combos). Assets like savings, vehicles, or household goods are crucial for high-net-worth programs, closing costs, or creative strategies to boost purchasing power, such as paying off debts. On appraisals for refinances, cleaning the home, mowing the lawn, and pointing out upgrades like new floors, countertops, or windows can help maximize value. As of November 2025, LendCity continues to focus on investor-friendly financing, with no major policy shifts noted in Canadian mortgage regulations per recent checks. This episode equips listeners with actionable insights to navigate mortgages confidently, blending personal stories with updated best practices.Key TakeawaysBackgrounds and Learning Curve: Kristen, Kayla, and Jillian transitioned from healthcare with no prior experience, learning mortgage basics from Scott Dillingham since 2018, highlighting that the process is simpler than assumed but depends on individual situations.Budgeting for Homeownership: Prioritize saving over luxury purchases like cars, which depreciate and increase debt ratios, impacting mortgage approval—focus on long-term wealth through homes.Job Letter Requirements: Must be on company letterhead, signed by a superior or HR, non-editable (PDF), and dated within 30-60 days; lenders verify to confirm employment and prevent fraud.Pay Stub Essentials: Clear images with name, employer, matching year-to-date earnings; explain discrepancies like unpaid leave to avoid issues, as post-COVID policies demand thorough checks.Identification Rules: Two pieces of government-issued ID (front/back), e.g., driver's license, passport, birth certificate, or hunting/gun licenses; health cards are not accepted, and work/school IDs may not qualify.Rental Property Docs: Recent leases or tenant acknowledgments, T1s for income, mortgage statements, and city tax bills; disclose property management fees upfront to ensure accurate pre-approvals.Assets in Applications: List savings, vehicles, and goods for fallback options, closing costs, or strategies like debt payoffs to increase purchasing power; enables high-net-worth programs for low-income scenarios like retirees.Appraisal Preparation Tips: Clean and tidy the home, mow the lawn, hide clutter; highlight upgrades (e.g., new windows, granite counters) to appraisers for better valuation in refinances.Links to Show ReferencesLendCity Mortgages (for Mortgage Applications): lendcity.caContact LendCity: Phone - (519) 960-0370; Email - team@lendcity.ca; Office - 4769 Wyandotte St E, Windsor, ON N8Y 1H8Wisdom Lifestyle Money Show Podcast: podcast.lendcity.ca

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews Paul D'Abruzzo, an investor-focused realtor and developer in the GTA. Paul shares his background as a former Toronto firefighter for 10 years, retiring to focus on real estate after juggling multiple roles as a husband, father, investor, and realtor. He started investing in 2009 with his first property in Hamilton for $238,000, growing his portfolio through hard work and no handouts, influenced by his old-school Italian grandparents' emphasis on diligence. Paul highlights authenticity in the industry, stressing that being an active investor himself allows genuine conversations and mentorship for clients ranging from small-scale rentals to large developments.Transitioning to development, Paul explains how he and partner Drew Toth specialize in projects like infill developments, 6-9 unit buildings, and larger townhome complexes, including recently completed 18 units and upcoming 26 townhomes. He introduces his coined term "Return on Lifestyle" (ROL), learned the hard way after burnout, emphasizing that investments must improve life quality—such as more family time or reduced work hours—beyond just cash flow. Paul's turning point came at age 23 attending T. Harv Eker's Millionaire Mind Intensive and Never Work Again conference, inspiring passive income pursuits and realizing the advantages of starting young.As of November 2025, Paul's key project involves repurposing 5-6 acres of Seaway Mall parking lots in Welland, Ontario, into a dense residential hub with 15 blocks, starting with 26 townhomes on block 4. Using a GPLP structure, investors can participate passively at developer-level profits with minimums of $50,000-$100,000, requiring accredited status or prior relationships. Amid high housing demand and economic challenges like inflation, this pro-growth initiative offers strong returns and monthly educational calls for learning development processes. The episode blends inspiring stories with practical advice for building wealth in Ontario's evolving real estate market.Key TakeawaysFirefighter Skills in Real Estate: Discipline, hard work, and emotional management from 10 years as a Toronto firefighter translated directly to successful investing and client mentorship, avoiding burnout.Return on Lifestyle (ROL) Philosophy: Prioritize investments that enhance quality of life, like family time or flexibility, over pure financial returns; Paul coined this after realizing assets alone weren't fulfilling.Scaling from Scratch: Started with one Hamilton rental in 2009 for $238,000, expanding to 10+ properties and developments without parental help, emphasizing consistent accumulation and authenticity.GPLP Investment Model: General Partners like Paul manage risks and operations, while Limited Partners invest passively, sharing equal profits; mitigates risk through experienced leadership and personal guarantees.Welland Seaway Mall Development 2025: Repurposing parking lots into 15 residential blocks; phase one includes 26 townhomes, raising ~$3.3M; high demand in Ontario boosts potential, with monthly calls for investor education.Inspiration and Action: Turning point at T. Harv Eker's conferences sparked passive income focus; call to action: Register for project presentations to learn and invest in lucrative Ontario opportunities.Links to Show ReferencesPaul D'Abruzzo's Contact: Phone - (416) 528-9090; Email - paul@rockstarbrokerage.com; Website - rockstarbrokerage.com; Facebook - Search for Paul D'Abruzzo; LinkedIn - Search for Paul D'Abruzzo; Instagram - Search for paul_investment_property_agentLendCity Mortgages (for Pre-Approvals): lendcity.caRock Star Real Estate Office: Visit at 418 Iroquois Shore Rd #103A, Oakville, Ontario for in-person consultations

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham chats with Gillian Irving, a mortgage agent at LendCity specializing in investment properties and student rentals. Gillian shares her journey as an "accidental investor," starting in 2008 after reading Rich Dad Poor Dad. She bought her first property in Toronto's Leslieville neighborhood on a whim, refinancing it multiple times to fund expansions into student rentals in Hamilton, Ontario. Drawing from her experiences, she discusses how real estate investing transformed her life, emphasizing the power of appreciation, mortgage paydown, and cash flow. Gillian also highlights transferable skills from her background and offers insights into overcoming initial fears, especially with the first property being the hardest due to potential vacancies.Post-COVID, Gillian notes shifts in the student rental market. While demand surged initially leading to higher rents, recent 2025 data shows rents easing due to federal caps on international students, with Hamilton's median rent at around $1,850 in November 2025, down slightly year-over-year. Vacancy rates are rising nationally, but opportunities remain in underserved areas near universities like McMaster. She debunks myths about student tenants causing damage, stressing the use of parent guarantors for security. Financing remains challenging, with fewer lenders offering options for refinances and purchases of existing student rentals, often requiring 20-35% down payments. However, major banks may approve if the property is owner-occupied by a student child, and commercial lending provides paths to scale beyond residential limits.Looking ahead, Gillian reveals her new strategy: investing in four-season cottage rentals in Ontario, designed to be recession-proof amid economic uncertainty. With more families opting for affordable staycations over international travel, these properties—featuring year-round activities like skiing in winter and boating in summer—cater to shared vacations for multiple families. As of November 2025, Ontario's cottage market shows increased listings and softer prices, boosting rental demand for value-driven getaways. This episode blends personal anecdotes with practical advice for aspiring investors, updated with current market trends for building wealth through real estate in Canada.Key TakeawaysAccidental Start in Real Estate: Inspired by Rich Dad Poor Dad in 2008, Gillian bought her first Leslieville home impulsively, using refinances to grow her portfolio into cash-flowing student rentals in Hamilton.Student Rental Advantages: High demand near universities persists despite 2025 rent declines (Hamilton median at $1,850); use parent guarantors to minimize risks like non-payment or damage, ensuring minimal wear and tear.Overcoming Investing Fears: The first property is toughest due to vacancy risks, but multiple units create self-sustaining cash flow; vet tenants thoroughly and focus on long-term appreciation.Financing Challenges and Solutions: Post-COVID, student rental financing tightened with higher down payments (20-35%); explore owner-occupied options, commercial lending, or lenders like First National for CMHC-insured deals to scale indefinitely.Four-Season Cottage Strategy: Target recession-proof rentals with year-round appeal (e.g., skiing, fishing); market to families sharing costs for affordable staycations, capitalizing on 2025 trends of rising domestic travel and softer cottage prices.Scaling with LendCity Expertise: Plan mortgages holistically to maximize properties per lender; transition to commercial options when hitting residential limits for unlimited growth.Links to Show ReferencesGillian Irving's Contact: Phone - (647) 404-7271; Email - gillian@lendcity.caLendCity Mortgages (for Investment Financing): lendcity.ca

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham chats with Ryan Giles, owner of RFG Plumbing and Electrical in Essex, Ontario. Ryan shares his journey growing up in a family of plumbers, starting from childhood helping his dad and uncle on jobsites. As a fourth-generation plumber, he discusses how early exposure to the trade built his work ethic and problem-solving skills. Life lessons like perseverance—never giving up when success is just seconds away—and thinking through challenges have shaped his approach to both plumbing and business. He draws parallels to the book "Three Feet from Gold," emphasizing that failure is a stepping stone to growth, much like successful figures who rebuilt after setbacks.Ryan explains how RFG started in 2016 as a family venture with his dad and brother, expanding into electrical services by 2018-2019 to create a one-stop shop for clients. He touches on future plans for HVAC while highlighting the challenges of finding skilled workers. The name RFG honors family initials (Ralph Franklin Giles) but playfully stands for "Real F***ing Good" plumbers, a tagline that stuck after a memorable Rogers Hockey Night in Canada commercial featuring his son. Ryan stresses honesty, planning, and investing upfront in quality work to avoid costly future repairs, especially in Windsor's older homes prone to flooding.For real estate investors, Ryan offers practical advice on pre-purchase inspections to uncover hidden issues like faulty sewers or DIY fixes. He recommends utilizing Windsor's Basement Flooding Protection Subsidy Program, which now provides up to $3,500 in rebates for backwater valves, sump pumps, and foundation drain disconnections as of 2025. This helps mitigate flood risks in the region, where heavy rains and aging infrastructure remain concerns. The episode blends personal stories, business insights, and tips for long-term property success, inspiring entrepreneurs and investors alike in Ontario's evolving market.Key TakeawaysFamily Roots in Trades: Growing up in a fourth-generation plumbing family taught Ryan hard work, problem-solving, and persistence, with early jobsite experiences building transferable skills for business success.Perseverance Pays Off: Echoing "Three Feet from Gold," Ryan advises pushing through challenges—whether unclogging drains or starting a business—as success often comes right after the urge to quit.Business Growth Strategies: Start small, take on all roles initially, learn from failures, and expand thoughtfully; RFG grew from plumbing to electrical by prioritizing client needs and reliable referrals.Investor Inspection Tips: For out-of-town buyers, hire trusted pros for thorough checks to avoid hidden issues like sewer problems or "lipstick on a pig" flips in Windsor's older homes.Flood Prevention Advice: Utilize Windsor's Basement Flooding Protection Subsidy (up to $3,500 in 2025) for backwater valves and sump pumps to protect basements, planning installations for future renovations or rentals.Upfront Investment Mindset: Spend on quality fixes early to save long-term; calculate all costs conservatively and focus on transparency to build lasting client relationships and sustainable profits.Links to Show ReferencesRFG Plumbing and Electrical Contact: Phone - (519) 817-7117; Website - rfgtrades.ca; Facebook - facebook.com/rfgplumbing; Instagram - Search for RFG PlumbingLendCity Mortgages (for Pre-Approvals): lendcity.caRFG Office: Visit at 13007 Hyland Side Rd, Essex, ON N8M 2X6 for consultations

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham sits down with Amy Eliza Wong, a transformational leadership coach and author. Amy shares her upbringing in Sacramento, California, surrounded by unconditional love from her parents who overcame poverty and hardship to build a life filled with joy and hard work. She opens up about the chaos of growing up with a home daycare, which contributed to her developing a severe eating disorder from ages 15 to 21 as a way to cope with stress. Through resilience and self-reflection, Amy transformed this dark period into a foundation for her coaching career, emphasizing that growth happens equally in light and dark times. She discusses her "painting forward" technique for reframing challenges by visualizing future appreciation for current struggles.Amy's professional journey includes a bachelor's in pure mathematics from UC Berkeley and a master's in transpersonal psychology, blending logical rigor with human-centered insights. She founded Always On Purpose in 2011 and has coached leaders worldwide for over a decade, focusing on growth, transformation, and flow. Her work helps teams overcome blind spots like fear, self-doubt, and resistance to reality, often rooted in the fear of rejection. Amy explains how most fears tie back to concerns about perception and belonging, drawing from neuroscience on trust and communication. As of November 2025, her coaching services remain virtual and accessible globally, with no major changes reported in her offerings or bio.The conversation dives into Amy's book, "Living on Purpose: Five Deliberate Choices to Realize Fulfillment and Joy," written during the 2020 pandemic and published in 2022. Inspired by thousands of coaching sessions, the book provides tools for authentic living and is available in print, ebook, and audiobook formats (narrated by Amy). She highlights how COVID-19's disruptions created synchronicity for completing the manuscript, reinforcing her message of embracing flow. This episode offers actionable insights for entrepreneurs and leaders seeking to break through personal barriers, build high-trust teams, and live with purpose amid life's uncertainties.Key TakeawaysEmbracing Dark Periods for Growth: Amy overcame a debilitating eating disorder by recognizing that challenges build resilience; she teaches that we grow equally in light and dark times.Painting Forward Technique: In tough moments, fast-forward to a future self to reframe struggles as purposeful, shifting resistance to appreciation for better daily outcomes.Common Barriers in Leadership: Fear, self-doubt, and unnecessary resistance to reality hold people back; most fears stem from rejection concerns, impacting perception and belonging.Neuroscience of Fear and Rejection: Rejection registers as physical pain and "death" to the brain, driving avoidance; understanding this unlocks confidence in public speaking or risk-taking.Coaching for Transformation: Amy's services focus on growth, flow, and communication for teams worldwide, helping excavate blind spots and convert inaction to powerful results.Book Writing Synchronicity: Completed in 2020 amid COVID shutdowns, "Living on Purpose" blends math-like logic with storytelling for fulfillment through deliberate choices.Links to Show ReferencesAmy Eliza Wong's Website: alwaysonpurpose.comContact Amy: Email - amy@alwaysonpurpose.com; Book a Consultation - alwaysonpurpose.com/contactBuy "Living on Purpose": Amazon; Audible (Narrated by Amy); Barnes & NobleLendCity Mortgages (Host's Company): lendcity.ca

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham sits down with Paul Lue Pann, a financial planner and owner at PLP Financial Services Inc. with The Co-operators in Windsor, Ontario. Paul shares his unique background as a Chinese Jamaican who grew up in Toronto and spent 18 years climbing the corporate ladder at Sun Life, moving between cities before settling in Windsor. After taking a year and a half off to focus on family and home projects following a severance package, he joined The Co-operators, drawn to its multifaceted offerings. He highlights the strong team culture and client-focused approach, emphasizing service over sales, with a handpicked team dedicated to putting clients in better financial positions regardless of portfolio size.Paul dives into how The Co-operators supports real estate investors through unlimited property coverage for home and auto insurance, unlike some providers that cap the number of properties. He explains the value of bundling policies for discounts and the added security of a $5 million umbrella liability policy on top of the standard $2 million per property, providing up to $7 million in protection against lawsuits or accidents. For commercial insurance, the company handles a wide range, including multifamily, office spaces, contractors, and non-profits, with site visits available if needed and privileges for existing clients to streamline approvals and renewals. Paul notes their expanding appetite for various risks, ensuring sustainable pricing without sharp increases.Transitioning to life insurance and investments, Paul contrasts creditor protection (which decreases with mortgage balance) with fixed-benefit life policies that offer full payouts for reinvestment or family needs. He stresses the importance of acting promptly on protection plans to avoid regrets from life events. On the wealth side, The Co-operators provides tailored investment solutions, focusing on risk tolerance, time horizons, business continuity, intergenerational wealth transfer, and tax mitigation strategies like corporate investments. This episode delivers practical insights for investors seeking comprehensive insurance and financial planning in one place, blending personal stories with expert advice.Key TakeawaysPaul's Career Transition: After 18 years at Sun Life and a family-focused break, Paul joined The Co-operators for its diverse services in home, auto, life, health, wealth, disability, and commercial insurance.Unlimited Property Coverage: Unlike some insurers, The Co-operators allows investors to insure as many homes as needed under one roof, with bundling for discounts and easy additions to portfolios.Umbrella Liability Protection: Add a $5 million umbrella policy over the standard $2 million per property for up to $7 million in total liability coverage, safeguarding against tenant accidents or lawsuits.Life Insurance vs. Creditor Protection: Opt for life insurance over mortgage creditor protection to maintain full benefit amounts regardless of decreasing mortgage balances, enabling reinvestment in new properties.Commercial Insurance Flexibility: Handles multifamily, offices, contractors, and non-profits with site visits, quick approvals for low-risk properties, and sustainable renewal pricing to avoid hikes.Investment and Wealth Planning: Customized portfolios based on risk and goals, with emphasis on tax-efficient withdrawals, corporate benefits, business continuity, and intergenerational wealth transfer.Client-Centric Team Approach: Strong team culture ensures personalized service; contact Paul directly for allocations to specialists in commercial, home/auto, or financial planning.Links to Show ReferencesPaul Lue Pann's Contact: Phone - (519) 980-0708; Email - paul_lue_pann@cooperators.ca; Website - local.cooperators.ca/plp-financial-services-en; Facebook - facebook.com/windsordezielLendCity Mortgages (for Pre-Approvals): lendcity.caPLP Financial Services Inc. Office: Visit at 3200 Deziel Drive, Unit 410, Windsor, ON, N8W 5K8 for in-person consultations

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews Scott Thompson, a realtor with at RE/MAX in Windsor, Ontario. Scott shares his background growing up in Windsor, from playing sports in Roseville Gardens to caring for his grandfather with dementia, which inspired his entry into social work. He discusses his time at a rehab facility helping young men overcome addictions, building trust, and managing emotions—skills that directly translated to his successful real estate career. Emphasizing patience and informed decisions, Scott explains how he guides clients to avoid emotional pitfalls in buying homes or investments, drawing parallels to his social work experiences.Transitioning to real estate, Scott highlights the value of transferable skills like reading body language and prioritizing client needs over flashy sales tactics. He provides insights into Windsor's market, noting opportunities for first-time buyers and investors through strategies like duplex purchases to offset mortgages with rental income. An example includes a client buying a $505,000 duplex where tenants cover 78% of the mortgage, setting up long-term wealth. As of November 2025, Windsor's real estate market shows stability with average home prices around $573,548 in October, down slightly from previous months, amid ongoing developments like the NextStar Energy battery plant now focusing on energy storage production starting this month.Scott debunks market crash fears, pointing to historical rate cycles and growth drivers such as the $5 billion battery plant, new hospital, and bridge. He references projections for Southwestern Ontario's population to grow about 31% from 2024 to 2051, largely due to immigration, boosting demand. For investors, he stresses evaluating big-ticket items, using conservative rent estimates, and playing the long game for appreciation. This episode offers practical advice for navigating real estate in Ontario, blending personal stories with updated market realities for aspiring investors.Key TakeawaysTransferable Skills from Social Work: Building trust, managing emotions, and meeting clients where they are help prevent impulsive real estate decisions, much like in addiction recovery.Emotional Control in Buying: Advise sleeping on choices, journaling pros and cons, and avoiding gut reactions to prevent buyer's remorse in high-stakes purchases.Duplex Investing Strategy: First-time buyers can use duplexes to have tenants cover most mortgage costs, e.g., 78% on a $505,000 property, leading to positive cash flow and portfolio growth.Windsor Market Update 2025: Average prices stabilized at ~$573,548 in October 2025 with slight declines; expect growth from infrastructure like the NextStar Energy plant (now energy storage-focused) and 31% population increase in Southwestern Ontario by 2051.Long-Term Investing Mindset: Hold properties for appreciation, calculate all costs (taxes, maintenance, insurance) conservatively, and prioritize transparency to spot issues like foundation problems.Client-Focused Approach: Honesty and education build lasting relationships, encouraging informed decisions over quick sales for sustainable wealth building.Links to Show ReferencesScott Thompson's Contact: Phone - (226) 773-3162LendCity Mortgages (for Pre-Approvals): lendcity.ca

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham explains the mortgage stress test—qualifying at 5.25% or contract rate +2% (higher of)—and its erosion of purchasing power amid rising rates.Scott discusses using variable rates (lower payments) to maximize approvals, then locking to fixed post-closing (no fees/penalties)—a strategy for aggressive buyers, but warns of risks if rates rise further.He covers post-COVID rate hikes (variable up 0.25% already, targeting pre-COVID levels ~2.75%), housing supply shortages, and Ontario's foreign buyer tax increase to 20% province-wide to ease demand.Advice: Get preapprovals now (spring/summer promotions), switch lenders for lower rates (e.g., variables qualify more), confirm post-expiry amounts—don't risk firm offers without verification.In 2025, BoC at 2.25% (Oct 29 cut), prime 4.45%; averages: 5-year fixed ~3.69-4.44%, variable ~3.45-4.10%; Ontario prices down 6.7% YoY to ~$781K (Sept), sales up 12.9%—easing stress test with lower variables but ongoing supply issues favor quick action, per BoC, CMHC, TD, RBC.This episode equips buyers to navigate 2025's rising rates and maintain power in Canada's tight market.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. With banking and brokerage experience, Scott offers strategies to maximize approvals amid rate changes. Passionate about education, he warns of pitfalls like eroding power. Connect with Scott at lendcity.ca, call 519-960-0370, or listen for mortgage insights.Key TakeawaysStress Test Basics: Qualify at 5.25% floor or rate +2% (higher)—protects against hikes but reduces power; e.g., 3.5% rate stresses at 5.5%.Variable Strategy: Use low variable (~3.45%) for max approvals (lower payments), lock to fixed post-closing (no cost)—ideal for bidding wars, but consult pros for risks.Rate Outlook: Post-COVID hikes targeting pre-levels (~2.75% variable); BoC 2.25%, prime 4.45%—act now before further increases shrink budgets.Supply/Tax Impact: Ontario shortages persist; 20% foreign buyer tax (province-wide) aims to ease, but demand high—preapprovals key amid uncertainty.Preapproval Tips: Check variable/fixed amounts; renew if expired (rates up erodes power); switch lenders for lower rates (e.g., 2s for fixed qualify more).Firm Offers Caution: Avoid without full approval—rates/promotions change; spring/summer best for deals.2025 Market: Ontario prices ~$781K (down 6.7% YoY Sept), sales up 12.9%; easing test with variables, but rebounds expected—quick buyers win.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Preapprovals and rate strategies.Scott Dillingham Contact: Call 519-960-0370 – For personalized advice.Bank of Canada: https://www.bankofcanada.ca/ – Rate announcements.CMHC Outlook: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook – 2025 forecasts.TD Economics: https://economics.td.com/ca-provincial-housing-outlook – Ontario trends.Call to Action If Scott Dillingham's stress test strategies in 2025's rising rates help maximize your power, visit lendcity.ca or call 519-960-0370 for a preapproval. Share this episode with buyers facing eroding budgets—tag us on social media! What's your rate plan? Leave a review on Apple Podcasts or Spotify to aid others with 2025 trends, variable tricks, or tax impacts. Tune in next week for more on smart financing.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham explains how to analyze rental properties to avoid mistakes, emphasizing accurate numbers over "analysis paralysis" for beginners and experienced investors.Scott stresses targeting monthly cash flow per door (e.g., $100-200 for smaller units), using a free rental worksheet factoring legal units, rents, vacancies (4-8%), additional income (e.g., parking, laundry), and expenses like management, repairs, taxes, insurance, utilities, and fees.He warns against relying on MLS listings—request sellers' utility history, T1 generals, bank statements to verify income/expenses; check for legal units to avoid city restrictions on renting.For utilities: Optimize with energy-efficient upgrades (e.g., LED bulbs via DHgate bulk buys, high-efficiency appliances/furnaces)—reduces costs; automate payments to waive fees.In 2025, Ontario's rental market sees vacancies at ~2% amid supply shortages, rents up 5-7% YoY boosting cash flow, but softening prices (~3% drop) favor due diligence; CMHC predicts stabilization with BoC at ~2%, aiding investors, per CMHC, TD, RBC reports.This episode equips investors with tools for profitable decisions in Canada's 2025 tight market.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. As an experienced investor, Scott shares practical tools like his rental worksheet from personal use. Passionate about education, he empowers with due diligence strategies. Connect with Scott at lendcity.ca, call 519-960-0370, or visit Lendcity.ca for resources.Key TakeawaysAvoid Paralysis: Set target monthly cash flow per door ($100-200 for small units)—analyze quickly to decide, preventing endless comparisons.Legal Units: Input only verified legal units—check zoning to avoid restrictions; illegal seconds risk unrentable space/financial loss.Income Verification: Use sellers' utility history/T1s/bank statements to confirm rents/expenses—MLS often inaccurate/missing items.Expenses: Factor management (always recommend), repairs (even renovated), taxes/insurance/utilities, fees—automate for efficiency/fee waivers.Utilities Optimization: Bulk-buy LEDs/efficient appliances/furnaces—lowers costs; include internet in rent for $50/unit premium, netting extra profit.Free Toolkit: Download at Lendcity.ca—worksheet, JV info, LTB links, strategies; email/name signup, no spam.Neighborhood Check: Knock on neighbors' doors for tenant/landlord insights—uncovers hidden issues pre-purchase.2025 Market: Low vacancies (~2%), rising rents (5-7%) enhance flow; softening prices favor buyers—due diligence key in shortages.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Investment financing and consultations.Scott Dillingham Contact: Call 519-960-0370 – For analysis advice.CMHC: https://www.cmhc-schl.gc.ca/ – Rental market reports/vacancy data.TD Economics: https://economics.td.com/ca-provincial-housing-outlook – Ontario trends.DHgate: https://www.dhgate.com/ – Bulk LED bulbs for efficiency.Call to Action If Scott Dillingham's rental analysis tips in 2025's low-vacancy market help your investing, visit canadianrealestatenetwork.com for the free worksheet or call 519-960-0370 for guidance. Share this episode with aspiring investors—tag us on social media! What's your target cash flow? Leave a review on Apple Podcasts or Spotify to aid others with 2025 trends, due diligence strategies, or toolkit access. Tune in next week for more on wealth building.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham addresses the challenge of managing real estate investments amid busy lives, sharing tips he wishes he knew earlier.Scott emphasizes building a strong team: Property managers handle tenant issues/vacancies, investor-focused lenders optimize financing/structure for growth, specialized realtors avoid high-turnover areas, knowledgeable bankers accelerate down payments, inspectors/lawyers versed in LTB matters prevent pitfalls—even contractors tested on small jobs first.He advises automating finances: Direct deposit rents into one account, auto-withdraw mortgages/utilities/taxes (waives setup fees, saves time); set reserves (3 months rent/property) for vacancies; avoid principal paydowns during acquisition to maintain low debt ratios/maximize qualifications.For experienced investors: Use variable rates initially for flexibility/low penalties, lock fixed later if needed—prioritizes purchasing power over quick payoff.In 2025, Ontario's investment landscape sees softening prices (~3% drop to $800K avg single-family) amid BoC stability at ~2%, but rising rents (up 5-7%) boost multifamily cash flow despite supply shortages—favoring automated teams in uncertain recovery, per CMHC, RBC, and TD reports.This episode empowers busy professionals to invest efficiently through teams and automation in Canada's 2025 market.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. As an experienced investor, Scott shares practical strategies for balancing life and portfolios. Passionate about efficiency, he draws from personal lessons. Connect with Scott at lendcity.ca, call 519-960-0370, or listen for investing insights.Key TakeawaysBuild Power Team: Include property managers for tenant handling, investor-savvy lenders/bankers for optimized financing/down payments, specialized realtors for low-vacancy areas, LTB-knowledgeable lawyers, and tested contractors—start small to evaluate.Automate Expenses: Direct rents to one account; auto-debit mortgages/utilities/taxes (avoids fees, saves time)—handles bill dates effortlessly for multiple properties.Reserves Essential: Keep 3 months rent/property minimum in accounts for vacancies; automates stability without constant monitoring.Debt Strategy: Avoid extra principal payments during growth—keeps ratios low for more qualifications; use variable rates for flexibility, convert to fixed if rates rise.Time Savings: Automation frees focus for life/family; property managers eliminate daily headaches like repairs/disputes.Beginner Tip: First property toughest (full vacancy coverage)—team mitigates; evolve to multifamily for better flow once comfortable.2025 Outlook: Softening prices but rising rents (5-7%) enhance cash flow; BoC at ~2% aids affordability—teams/automation key in recovery.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Investment advice and team referrals.Scott Dillingham Contact: Call 519-960-0370 – For realtor/manager/lawyer recommendations.CMHC Outlook: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook – 2025 forecasts.TD Economics: https://economics.td.com/ca-provincial-housing-outlook – Ontario trends.RBC Reports: https://thoughtleadership.rbc.com/ – Housing and economic insights.Call to Action If Scott Dillingham's tips on teams and automation for busy investors in 2025's rising-rent market help your portfolio, visit lendcity.ca or call 519-960-0370 for referrals/consultations. Share this episode with time-strapped investors—tag us on social media! What's your automation hack? Leave a review on Apple Podcasts or Spotify to aid others with 2025 trends, team-building strategies, or financial optimization. Tune in next week for more on wealth management.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham compares single family vs multifamily real estate investing, offering guidance for beginners and experienced investors in Windsor and Southwestern Ontario.Scott explains single family benefits: Easier entry (5% down if occupying), quick sales to all buyers (investors/owners), tenant-paid debt reduction, and strong appreciation amid housing shortages—ideal for testing investing without high commitment.He notes challenges like lower cash flow and initial vacancies (hardest on first property), recommending variable rates for low penalties/exit flexibility, and property managers to minimize headaches.For multifamily: Higher cash flow from multiple units (covers vacancies), economies of scale on repairs/renos (bulk discounts), rent-tied appreciation, and CMHC options (5-20% down, 35-40 year amortizations for eco/low-income projects).Drawbacks include tenant conflicts/headaches; suggests managers screening for compatibility—natural evolution after single family for portfolio growth via sales/refinancing.In 2025, Ontario's market sees single-family prices down 6.7% YoY to ~$866K amid economic slowdown/uncertainty, while multifamily faces supply pressure but benefits from rate cuts (BoC to ~2%) spurring sales (up 12.9%) and rebounds—favoring multifamily for cash flow in tight conditions, per CMHC, TD, RBC, and Central 1 forecasts.This episode empowers investors with stage-based strategies for building wealth in Canada's 2025 housing crisis.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. From single family to multifamily investing, Scott shares proven strategies from his portfolio. Passionate about guiding investors, he emphasizes expert advice. Connect with Scott at lendcity.ca, call 519-960-0370, or listen for real estate insights.Key TakeawaysSingle Family Start: Ideal for beginners—5% down if occupying, easy sales to broad buyers, tenant-paid mortgages reduce debt; ride appreciation waves in shortages.Challenges/FYI: First property toughest (full vacancy coverage); use variable rates for low penalties/easy exits if unsure about investing.Property Managers: Essential even for singles—screen tenants, check databases, minimize issues; extends vacancies but reduces headaches.Multifamily Advantages: Stronger cash flow covers vacancies; bulk renos cheaper (discounts on flooring/roofs); rent boosts appreciation/values.Drawbacks: More tenant conflicts (noise/parties)—managers match personalities for harmony.Evolution: After singles, sell/upgrade to multifamily for growth; use equity/refis for down payments (15-20% on commercial 6+ units, 35-40 year terms).CMHC Options: 5-20% down on multifamily (eco/low-income), but aligns with strategy—consult experts before acting.2025 Outlook: Ontario singles down 6.7% to ~$866K; multifamily supply pressure but sales up 12.9% via cuts—favor cash-flow focus.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Investment financing and consultations.Scott Dillingham Contact: Call 519-960-0370 – For real estate strategy advice.CMHC Outlook: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook – 2025 forecasts.TD Economics: https://economics.td.com/ca-provincial-housing-outlook – Provincial trends.Central 1 Forecast: https://www.central1.com/pdf_files/ontario-housing-forecast-2025-2027/ – Ontario predictions.Call to Action If Scott Dillingham's single vs multifamily insights in 2025's shifting market guide your investing start, visit lendcity.ca or call 519-960-0370 for a consultation. Share this episode with aspiring investors—tag us on social media! What's your first property type? Leave a review on Apple Podcasts or Spotify to help others find 2025 trends, manager tips, or evolution strategies. Tune in next week for more on wealth building.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham shares insights into working at LendCity Mortgages, highlighting opportunities amid job losses from layoffs, closures, and mandates.Scott emphasizes a fun, politics-free culture with dedicated departments: Sales for client options, admin for fast processing, social media/marketing for education, commercial for specialized lending, and head office for compliance.He discusses unique perks like profit-sharing for salaried staff, community events (e.g., golf tournaments, snow shoveling, gift baskets), and team outings (e.g., limo bus light tours)—fostering collaboration and rewards.For sales roles: Access to multiple lenders provides flexibility (e.g., options beyond declines), full-time underwriters ensure quick approvals, and educational platforms (seminars, podcasts, articles) build trust and leads.Hiring focus: Experienced mortgage agents/brokers ($10M+ annual volume) for speed/service; contrasts with single-lender limitations, enabling better client outcomes.In 2025, Canada's mortgage brokerage sector sees 60% renewals (wave of refinancing), market growth to USD 989M (4.92% CAGR), shorter-term fixed popularity amid uncertainty, and emphasis on consumer protection—boosting demand for versatile brokers, per FSRA, Mordor Intelligence, and MPA Mag.This episode invites career seekers while revealing LendCity's client-first, supportive environment in Ontario's 2025 economy.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. Building from solo to 20 employees, Scott fosters a fun, collaborative culture. Passionate about growth and community, he shares behind-the-scenes insights. Connect with Scott at lendcity.ca, call 519-960-0370 (office) or 226-348-7884 (cell), or apply for roles.Key TakeawaysFun Culture: Relaxed, renovated environment promotes enjoyment amid dedicated work—no politics, cliques, or favoritism; all thrive together.Departments: Sales for options; large admin (more than sales) for speed/instant approvals; social/marketing for education/videos; commercial for unique lending (e.g., single-family as commercial); head office for compliance.Perks: Profit-sharing based on sales; team events (movie nights, limo tours); community outreach (golf, snow shoveling, gift baskets, charity)—rewarding and fulfilling.Client Focus: Multiple lenders solve declines (A/B/C options); underwriters pre-review for accuracy; educational tools (seminars, podcasts, articles) build trust/leads.Hiring: Seeking experienced agents/brokers ($10M+ volume) for optimized service; contrasts bank limitations—unlimited potential in broker space.Growth: From single lender handicaps to wide-open options; market share gaining as trust builds in brokers vs banks.2025 Trends: 60% renewals drive refinancing; market to USD 989M (4.92% CAGR); shorter fixed terms amid uncertainty; focus on consumer risks/protection.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Job applications, services, and team info.Scott Dillingham Contact: Call 519-960-0370 (office) or 226-348-7884 (cell) – For career inquiries.FSRA Supervision Plan: https://www.fsrao.ca/industry/mortgage-brokering/regulatory-framework/supervision/mortgage-brokering-sector-supervision-plan-2024-25 – 2024-25 extended insights.Mordor Intelligence Report: https://www.mordorintelligence.com/industry-reports/canada-mortgage-loan-brokers-market – 2025 market size/growth.Call to Action If Scott Dillingham's insights into LendCity's culture and opportunities in 2025's renewal-driven market excite you for a mortgage career, apply at lendcity.ca or call 226-348-7884. Share this episode with job seekers in finance—tag us on social media! What's your ideal work environment? Leave a review on Apple Podcasts or Spotify to help others find 2025 brokerage trends, hiring tips, or team culture stories. Tune in next week for more on professional growth.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham shares how answering "because I exercise" won a $3M mortgage client, transforming his mindset, health, and business.Scott recounts a client shopping lenders who asked why choose him; his response highlighted exercise's benefits—more energy, sharper mind, better service—leading to the deal and inspiring his fitness focus.He details starting with organic multivitamins for health, then light jogging (building habits over 60 days), progressing to 10-30 minute routines combining leg presses and curls—emphasizing small starts to avoid burnout.Benefits include weight loss, confidence, reduced stress (endorphins counter cortisol), improved sleep/memory, and business success; advises measuring body changes over scale weight due to muscle gain.For beginners: Consult doctors, start easy (e.g., 10 minutes), elevate heart rate to 110-140 bpm for fat-burning; build routines without overdoing to sustain motivation.In 2025, Canada's fitness trends emphasize wearable tech (#1 globally per ACSM), mobile apps (#2), older adult programs (#3), functionality/inclusivity/social connections, AI personalization, and holistic wellness—aligning with Scott's life-changing routine amid post-COVID health focus, per ACSM, Canfitpro, and BDC reports.This episode motivates with personal transformation through exercise, tying to entrepreneurial growth in 2025's wellness-driven economy.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. From banking to brokerage, Scott credits exercise for his success, sharing how it boosted energy and mindset. Passionate about personal growth, he inspires with real-life transformations. Connect with Scott at lendcity.ca, call 519-960-0370, or listen for motivational insights.Key TakeawaysUnique Pitch: Answered "why choose me" with "because I exercise"—explained benefits like energy, clarity, better service, winning a $3M client and sparking life changes.Start Simple: Began with organic multivitamins to feel healthier, avoiding processed ones causing issues—built passion for improvement.Habit Building: Followed advice to start small (e.g., jog past 5 houses vs 5km) for 60 days to hardwire routine—avoids overwhelm, sustains motivation.Progressive Workouts: From walking-speed jogs to 10-minute leg press/curls; no full rest days—light activity maintains benefits without strain.Heart Rate Zone: Target 110-140 bpm for fat-burning, cardiovascular strength; nose-breathing indicates sustainable intensity.Benefits Beyond Physical: Reduced stress (endorphins vs cortisol), better sleep/memory/confidence, happier outlook—flips moods, enhances relationships/work.Measure Smart: Avoid scale fixation (muscle weighs more than fat); track body measurements/clothes fit for true progress.Mindset Tie: Exercise mirrors business resilience—small steps lead to big gains; applies to entrepreneurship amid 2025's wellness trends.2025 Trends: Wearables/apps top ACSM list; focus on older adults, functionality, AI personalization, inclusivity—boosts holistic health post-COVID.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Mortgage services and consultations.Scott Dillingham Contact: Call 519-960-0370 – For business/health advice.ACSM 2025 Trends: https://www.acsm.org/ – Worldwide fitness survey PDF.Canfitpro Trends: https://www.canfitpro.com/ – Canadian fitness insights.BDC Wellness: https://www.bdc.ca/ – Business mindset and health reports.Call to Action If Scott Dillingham's story of exercise transforming his business and life in 2025's wellness-focused trends motivates your fitness journey, visit lendcity.ca or call 519-960-0370 for support. Share this episode with those seeking mindset shifts—tag us on social media! What's your small workout start? Leave a review on Apple Podcasts or Spotify to help others find 2025 fitness trends, habit-building tips, or success stories. Tune in next week for more on personal growth.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham shares his journey starting LendCity Mortgages, inspired by job losses from layoffs, closures, and mandates amid economic challenges.Scott discusses embracing risk from real estate investing, viewing setbacks as learning opportunities—like potholes to navigate—and urges listeners to "just do it" to overcome fear.He emphasizes mindset: Write down goals affirmatively, visualize success as already achieved, break big goals into small steps for accomplishment, and focus on strengths over weaknesses via feedback from others.Maintain positivity by reframing negative thoughts, surrounding yourself with uplifting people, and dedicating time to self-improvement through books, courses, or seminars—avoiding negativity that hinders growth.Delegate weaknesses (e.g., hiring an operations manager) to work on the business, not in it; success stems from persistence, ethical practices, and viewing failures as temporary.In 2025, Canada's small business landscape sees AI adoption, sustainability focus, e-commerce growth amid improving inflation, but challenges like trade deficits and costs—favoring resilient startups in tech services, green energy, and freelancing, per BDC, Shopify, and CMHC reports.This episode motivates entrepreneurs with practical mindset shifts for success in 2025's evolving economy.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. From real estate investing to building a 20-employee brokerage, Scott shares mindset strategies for success. Passionate about overcoming fear and growth, he draws from personal experiences. Connect with Scott at lendcity.ca, call 519-960-0370, or listen for entrepreneurial insights.Key TakeawaysEmbrace Risk: Treat business like real estate investing—learn from setbacks (e.g., bad tenants) as navigable "potholes"; familiarity reduces fear.Just Do It: Overcome initial hesitation by acting; like kids jumping into a pool, starting dispels anxiety—many guests echo this for success.Goal Setting: Write affirmatively (e.g., "I will succeed"), visualize as achieved; break big goals into small steps for ongoing motivation and accomplishment.Strengths Focus: Ask trusted contacts for strengths/weaknesses; prioritize excelling in strengths (95% effort) over fixing weaknesses (5%)—Scott discovered visionary connecting as his.Positive Mindset: Reframe negatives immediately; surround with positives (distance chronic negativity)—builds happiness and attracts success.Self-Improvement: Carve weekly time for books/courses/seminars despite busyness; Scott's recent read on structure led to hiring an operations manager.Delegate: Focus on vision/strengths; outsource weaknesses (e.g., operations) to work "on" the business—transformed LendCity from solo to 20 employees.2025 Context: Amid AI/sustainability/e-commerce trends and easing inflation, resilient mindsets aid startups in tech/green sectors despite trade challenges.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Business financing and mortgage advice.Scott Dillingham Contact: Call 519-960-0370 – For entrepreneurship consultations.BDC 2025 Outlook: https://www.bdc.ca/en/articles-tools/blog/what-can-canadian-entrepreneurs-expect-for-2025 – Small business trends.Shopify Small Business Trends: https://www.shopify.com/blog/small-business-trends – 2025 insights on AI and e-commerce.CMHC Reports: https://www.cmhc-schl.gc.ca/ – Economic and housing data for startups.Call to Action If Scott Dillingham's mindset tips for starting a business in 2025's AI-driven economy inspire you amid job challenges, visit lendcity.ca or call 519-960-0370 for guidance. Share this episode with aspiring entrepreneurs—tag us on social media! What's your biggest fear to overcome? Leave a review on Apple Podcasts or Spotify to help others find 2025 trends, visualization strategies, or success mindset ideas. Tune in next week for more on growth and finance.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham debates fixed vs variable mortgages, explaining differences: Fixed locks rates (1-10 years) for stability; variable fluctuates with prime (historically lower, adjusts quarterly by 0.25%).He covers pros/cons: Fixed offers payment certainty but higher penalties (IRD/3 months interest); variable provides lower payments, more prepayments (15-20% annually), easier exits (3 months interest), and convertibility to fixed—no fees.Scott recommends variable for investors/uncertainty/flexibility (his choice for all properties), fixed for strict budgets/fear of changes; history (1995-2025) shows variable averaging ~4.5% vs fixed ~5.75%, cheaper long-term.Penalties/porting: Variables don't port but refund penalties if repurchasing same lender/timeline; fixed ports but not always (e.g., relocation).If >20% down, pair fixed with line of credit for emergency access without penalties.In 2025, BoC at 2.25% (cut Oct 29, signaling potential end but options open), variables ~4-5% (down from 2024 peak), fixed ~4.89-5%; forecasts: modest declines to 2% by end-2025/early-2026 (National Bank/TD), easing amid stable economy—favoring variables, per BoC, True North Mortgage, Mortgage Sandbox.This episode aids informed choices in 2025's declining-rate environment.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in home and investment financing. With banking and brokerage experience, Scott offers transparent advice on rates and products. Passionate about client education, he draws from personal scenarios to simplify decisions. Connect with Scott at lendcity.ca, call 519-960-0370, or tune in for financial guidance.Key TakeawaysFixed Rates: Lock 1-10 years for payment certainty; ideal for budget-conscious/fearful of changes; higher penalties (IRD/3 months interest, often posted rates inflate).Variable Rates: Fluctuate with prime (0.25% increments, historically lower ~4.5% avg vs fixed ~5.75%); lower payments, more prepayments (15-20% annually), smaller penalties (3 months interest).Flexibility: Variables convertible to fixed (no fees), refund penalties on repurchase (same lender/timeline); don't port but easier exits—Scott's choice for all properties/investors.Payments/Prepayments: Variables cheaper initially (e.g., 1.25% vs fixed 2.34% in 2022 recording); allows faster payoff; fixed suits stability.Porting/Penalties: Fixed ports (not always, e.g., overseas moves); variables don't but low cost; pair fixed with line of credit (>20% down) for equity access sans penalties.History/Predictions: Variables cheaper most years (1995-2025); COVID lows reversed, expect gradual rises post-2025 if inflation/economy booms—needs 4+ increases to match fixed.Investor Advice: Variable for uncertainty/exits; fixed if rigid budget—assess personal risk tolerance.2025 Context: BoC at 2.25% (Oct cut, potential pause); variables ~4-5%, fixed ~4.89-5%; forecasts: to 2% by end-2025 (modest declines)—easing favors variables.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Mortgage advice, preapprovals, and rate comparisons.Scott Dillingham Contact: Call 519-960-0370 – For fixed/variable consultations.CMLS Financial Rate History: https://www.cmls.ca/ – Downloadable PDF on 25-year fixed vs variable trends.Bank of Canada: https://www.bankofcanada.ca/ – Rate announcements and forecasts.Call to Action If Scott Dillingham's fixed vs variable breakdown in 2025's easing rates helps your mortgage decision, visit lendcity.ca or call 519-960-0370 for a personalized review. Share this episode with those choosing rates amid BoC cuts—tag us on social media! What's your preferred rate type? Leave a review on Apple Podcasts or Spotify to aid others with 2025 forecasts, penalty tips, or investor strategies. Tune in next week for more financial wisdom.

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham shares strategies for funding multiple rental properties, addressing the common challenge of sourcing capital for investors.Scott details his approach: Start with a live-in property (e.g., duplex) at 5% down, renovate and rent one unit for max income and minimal issues—up to 3 such properties possible via insurers.After appreciation builds equity (overall market trends upward long-term), refinance to 80% value to extract funds for 20% down on full rentals—repeat by renovating via mortgage plus improvements (lump sum post-completion) or progress draws (staged funds).Wait 3-6 months post-renovation for appraisals to capture forced appreciation; transition to multiplexes/commercial (15% down, 35-40 year amortizations) for economies of scale and better cash flow.Emphasize partnering with investor-focused lenders to pre-check qualifications across transactions, avoiding pitfalls like over-refinancing without purchase viability.In 2025, Canada's rental market sees 21.6% rent growth over 3 years driving 25-30% property appreciation, amid modest rebounds (prices up slightly, sales softening) and BoC cuts easing refinancing—favoring investors despite tariff risks and supply shortages, per CMHC, CBRE, and Global Property Guide.This episode empowers aspiring investors with actionable steps to build portfolios using leverage and renovations in Ontario's 2025 economy.Guest Bio Scott Dillingham is the host of The Wisdom, Lifestyle, Money Show and founder of LendCity Mortgages in Windsor, Ontario, specializing in investment property financing. Drawing from personal experience building a portfolio, Scott guides investors on leveraging equity and renovations. Passionate about creative strategies, he shares insights for scaling wealth. Connect with Scott at lendcity.ca, call 519-960-0370, or check podcast.lendcity.ca for more.Key TakeawaysStart Small: Buy live-in duplexes with 5% down (up to 3 via insurers), renovate rental unit for max rent/minimal issues—eliminates many future calls while building equity.Leverage Appreciation: Hold for market gains (long-term upward trend despite short dips); refinance to 80% value after 1-2 years to pull cash for 20% down on full rentals.Renovate Strategically: Use mortgage plus improvements (lump sum post-work, limited amount) or progress draws (staged funds for larger projects)—fund via initial equity, reimburse later.Timing Matters: Wait 3-6 months post-renovation for appraisals to include forced appreciation—avoid immediate ones that undervalue improvements.Scale Up: Transition to multiplexes/commercial (15% down, 35-40 year terms) for better cash flow/economies of scale (e.g., bulk discounts on repairs like HVAC/roofs).Lender Expertise: Work with investor specialists to simulate full chain (refi + purchase)—ensures qualifications; avoid general lenders focusing only on current transaction.Market Resilience: Even in down years, hold long-term; 2025 rent growth (21.6% over 3 years) boosts 25-30% appreciation, aiding refis amid softening sales/BoC easing.Alternatives: If debt-averse, partner for down payments or sell smaller properties to fund larger ones—maintain positive cash flow ($100-200/unit) post-refi.Resources and LinksLendCity Mortgages: https://lendcity.ca/ – Investment financing, preapprovals, and strategies.Scott Dillingham Contact: Call 519-960-0370 – For rental funding consultations.CMHC: https://www.cmhc-schl.gc.ca/ – Rental programs and market outlooks.CBRE Canada Outlook 2025: https://www.cbre.ca/insights/reports/canada-real-estate-market-outlook-2025 – Investment trends.Call to Action If Scott Dillingham's strategies for funding rentals via refis and renovations in 2025's appreciating market inspire your investing, visit lendcity.ca or call 519-960-0370 for a consultation. Share this episode with aspiring investors—tag us on social media! What's your first step to scaling? Leave a review on Apple Podcasts or Spotify to help others find 2025 rental trends, equity leverage tips, or portfolio growth ideas. Tune in next week for more on wealth building.