Investing: Lessons for a 20-year-old

In 2019 it has become evident that there are thousands of resources available online for just about anything, and the world of investing is no different. Although there are thousands of resources, it can become pretty daunting to navigate the endless web pages, podcasts, newsletters, and investing gurus that seem to be appearing in the hundreds every week. This article will aim to narrow down a few key resources I fall back to when contemplating my personal goals and investments. These resources all share similar attributes, mainly that they are: 1) Broad in the information they cover, from real estate to just getting started. 2) Supported and led by successful investors with real experience.    3) Enjoyable content that is easy to read and listen to. Considering that the options for investing your money are endless and this task can seem to be daunting at first, I will also provide some key tips for young people to get started.

The importance of taking action.

As Tony Robbins states in Awakening the Giant Within, the scene of a real decision should never be left without first having taken action. Ok, so you’ve decided you want to plan for81PHYFeZuhL.jpg your retirement, save for a down payment, or emergency fund. It is now up to you to utilize these key resources to get a better understanding. Taking action is evidently important especially considering the existence of compounding interest and how this can make you a millionaire. Tony Robin has provided millions with sound investing advice in his work such as MONEY  Master The Game. I would suggest to all young investors to read his work to get a solid grasp on how taking action is strongly related to your success in your investments, and other aspects of your life.

Market downturns are not your enemy.

The Stacking Benjamins Show (podcast) released an episode where they explained what stacking-benjamins-itunes-logo.pngadvice they wish they had been handed as a 22-year-old. One of these key pieces of advice was the importance of understanding long-term market terms, especially early in your career. In our current economic standing, many investing personalities are sounding the alarm for an upcoming market recession. These market recessions are a part of long term investing, and the key is that you do not panic, but take advantage of the overall drop in stock prices.

Other great investing resources:

  1. Real Vision
  2. Bigger Pockets
  3. SeekingAlpha.com

 Scott Zies

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Training your Retriever

For as long as I can remember, Labs have been a part of my life. They make the best of friends and amazing hunting companions. I recently read a great article from Outdoor Canada that shared some great tips for training puppies. My black lab is such a big part of our family life, and the tips shared in this article reflect how others can get training under their belt for their dogs.

puppy-1082141_960_720.jpgFirst off, not all dogs are made for hunting, and you and your dog have to have a special connection to ensure it’s a compatible match. Once you find your match, you have to make sure that you’re committed to the job. Having a dog is no joke and you have to be willing to put in the work. Early morning walks, daily training, and exercising.

As soon as you can, it’s best to start training your dog. Teach them the basics and get them started on retrieving as early as you can! The earlier they get used to chasing after a ball and learning your commands, the better.

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Lastly, you have to be patient. Just like babies, it takes time for dogs to learn what you are trying to teach them. You have to be consistent and remind them often of what it is you are trying to teach them, and with time it will become like second nature to them.

To read the full article click here.

Summarized by Scott Zies.

 

3 Tips for Winter Grilling

Winter may be here in full force but for us barbecuing lovers, it doesn’t mean we pack up the grill and forget about it until the spring. There’s something delicious about barbecued food, even in the winter. To ensure you’re making the most of your winter grilling, follow these steps to keep things fresh.

 

  1. Having a clean grill before things get too cold and frozen is key to keeping your grill fresh through the winter months.
  2. To avoid any rust and corrosion, apply a light layer of cooking oil to the grill.
  3. Buy a good grill cover and keep it on when you’re not using it. This will keep things in tip-top shape over the winter.

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For more tips and tricks read the full article here from The Manual.

Summarized by Scott Zies.

 

What to do to get out of a rut

When things get tough, we often forget about the importance of self-care, when in reality it’s what we need most to get back on our feet. Taking care of your mental health will make you feel and be better in the long run.

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Here are some things to try to clear your head and get back on track.

  1. Move your body
  2. Change your environment
  3. Get outside
  4. Interact with others
  5. Log off the web
  6. Seek professional help

Sometimes all it takes is taking a break from your usual routine, and disconnecting from social media, going for a hike, hitting the gym, or meeting up with friends to get back in the right headspace.

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For more information please read the full article from Outside Online, here.

How to make grilled planked sweet potatoes

I recently came across this recipe on the Weber Canada blog and wanted to share it with you. While we usually tend to bake potatoes or grill them in foil – it’s always nice to learn new ways to cook crowd favourites.

Below is the recipe by Mike Lang. I tried it just last week and it was great.

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Ingredients
3 medium sized sweet potatoes, peeled and chopped
¼ cup molasses
4 tablespoons butter
2 tablespoons brown sugar
1 ounce bourbon
1 teaspoon kosher salt
½ teaspoon ground black pepper
½ teaspoon ground allspice
½ cup mini-marshmallows

Instructions

  1. Soak the cedar plank in water for an hour.
  2. Place the sweet potatoes in a medium-sized saucepan and cover with water. Bring to a boil and cook until fork tender, approximately 15 minutes.
  3. Drain the water and return the sweet potatoes to the warm pot. Add the molasses, butter, brown sugar, bourbon, kosher salt, black pepper, and allspice. Mash until combined.
  4. Prepare the grill for a two-zone medium heat fire (350° to 450°F).
  5. Grill the empty plank over direct medium heat until the plank begins to smolder. Add the mashed sweet potatoes to the grilled side of the plank.
  6. Grill the loaded plank over direct medium heat for 10 minutes, with the lid closed. Add the marshmallows to the sweet potatoes and continue to grill over indirect medium heat until the marshmallows darken and the sweet potato is heated through.

It’s a great way to with up your usual sweet potatoes dish for the upcoming Holiday season.

Let me know if you give it a try. Read the full original article here.

 

4 Tips for Outdoorsmen

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Being an outdoorsman you have to pretty handy in order to survive in worst case scenarios. It’s always better to be over prepared than underprepared when venturing out on trips in the wilderness. Here are  4 tips to keep in mind.

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  1. Re-waterproof your coat.
  2. Wash your sleeping bag properly.
  3. Make sure your tent is in perfect condition and repair any rips.
  4. Know how to build a snow shelter.

For more information please visit: Gearpatrol.com

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What to do to your BBQ at the end of the season

As fall comes to an end and winter rolls in – it doesn’t mean it’s time to pack up the BBQ. If you’re like me you like to use it all year round. To make sure it’s tip-top shape after a full season of summer barbecues, here are some things you can do.

  1. CLEAN

Summer is definitely prime barbecue season and it often gets used the most during the hotter months so once things start to wind down, it’s the perfect time for a deep clean.

  1. DISCOVER

With the change in season comes a change in recipes and fall is the perfect time to spice up your recipes with some new creative ways to do your favourite meats. Ribs and Pork are great for fall and with a quick search on the web, you’ll have a number of fall recipes at your fingertips.

  1. OUT WITH THE OLD

It’s a great time to freshen up on your barbecuing tools, from flippers to tongs, it’s nice to switch it up at the end of the season.

 

For more information read the full article here.

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Best Tips for Grilling Chicken

Grilling chicken can be a challenge. If you cook it too long it gets dry, but not long enough and you’re stuck with chicken that’s raw in the middle. The top 4 tips for grilling chicken perfectly every time are as follows:

  1. Flavour

Organic, or free-range chicken offers an obvious difference in flavour. It tends to be firmer, but not tough – it’s worth the extra dollars.

  1. Evening Out

Chicken breast can be tricky to cook because they often aren’t even all the way through. It’s often helpful to pound the chicken breast with a mallet or heavy pan to allow consistency when cooking.

  1. Bone

Chicken without the bones cook well over direct heat, however, if the bones are still in the chicken it will take longer to cook so it’s best to use both indirect & direct heat.

  1. How to tell when it’s done?

Best way to tell without cutting it open is to wait until the internal temperature reaches 165 degrees Fahrenheit. Another way to tell is to cut into the center, and if the juices run clear, and the meat is no longer pink – it’s good to go!

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To read more please visit the Weber article.

 

5 Tips for Grilling Fish

  1. Practice

Practice makes perfect, and the same goes for cooking fish. The more times you grill it, more comfortable you’ll get with it. It’s best to start with firm fishes like salmon and swordfish and the more comfortable you get, you can start experimenting with softer fish.

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  1. Don’t Overdo It

Less is more when it comes to grilling fish. As appose to soaking it in the marinade overnight, like you would with other kinds of meats – opt for a garlic butter or plain butter with seasoning. This will prevent mushy textures. Less flavor, and avoiding overcooking is the best bet when it comes to grilling fish.

 

  1. Feed the Fire

High heat works well when grilling fish. It creates a crunchy texture on the fish making It extra delicious. A good rule of thumb – the thinner the steaks, the higher the heat should be.

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  1. No Flip-Flopping

Fish is known for sticking, so the less you move it the better!

 

  1. Quick Finish

It’s always best to grill longer on one side than the other. Finishing it off on high heat when you flip sides is key for the perfect fillet.

Read more here.

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How to succeed at catching Bluegills

We all love casting out into the lake and reeling in a special treat in the heat of summer. As bluegills and sunfish grow, they become more difficult to catch, but thankfully Outdoor Life magazine has put together ten tips on how to be successful – no matter the size.

  1. Think Deep

Sunfish and Bluegill tend to settle in deep water for most of their lives where they are safe from panfish anglers. Focus on weedy areas and stable water conditions. Live bat and scented plastic is the way to go to catch these types of fish.

  1. Go off the Beaten Path

Don’t stick to what you know, go and explore areas that you wouldn’t normally explore. If you can opt for a paddle boat, canoe or kayak rather than a motorboat for even more success.

  1. Watch Your Weight

You don’t want to choose any bait that is too heavy that will fall to the lake’s surface too quickly. You want to give the fish the chance to see the bait and identify it as a source of food before it reaches the bottom.

  1. Keep it Fresh

The healthier and fresher your live bait is, the more likely you’ll be to catch a large bluegill or sunfish.

  1. Make Noise

Bluegill and sunfish love crayfish and they make noise. By mimicking this sound by spooling your reel with a thin line you will see an increase in catches from these creatures.

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To read the rest of the Outdoor Life article on 10 Tips for Catching Giant Bluegills This Summer please click here.