Miss Findependent

Have you ever thought about starting an e-commerce business but don't know where to start? 

In this episode we break down the upfront costs that are required to build an e-commerce business and what you need to get a business off the ground and scale. 

Here's what we dive into in detail:

2:08 - E-commerce vs. Physical enterprise
2:44 - What you need to start 
6:00 - The ultimate goal of trying a side hustle
8:52 - Influencer Marketing Strategies
10:30 - A pandemic case study
20:00 - Finding your competitive advantage
22:39 - Importance of Product Development
26:17 - Reviews matter
30:44 - Starting on Amazon
38:43 - Don't Listen to others

In this episode we get into:

1:30 - The Canadian Labour Market
2:40 - The US Labour Market
4:12 - People's Current Mindset
11:11 - Why it's a Job Seeker's Market
14:28 - Always Apply Even If You Don't Hit All The Requirements
17:57 - Negotiating Your Salary
22:38 - Negotiate The Whole Package
25:42 - Don't Underestimate The Importance Of Kindness
28:47 - The Importance Of Going Into Negotiations Armed With Data 
30:45 - Negotiating Is Not a Form Of Disrespect To the Employer

In this episode we dive into our past investing mistakes and common mistakes we've seen people make. We re-enact how/why we made decisions that didn't serve us, and how they played out in reality.

What to expect:
2:10 - Having an Investing Strategy
5:00 - Saying no to FOMO
8:55 - Cutting your losses
14:30 - Having Patience
16:21 - Putting All Your Eggs in One Basket
17:30 - Stock Splits
30:10 - Focusing Too Much on Price

In this episode:

1:35 - Nika goes over the process she went through to purchase the property
4:25 - The pros and cons of placing offers with conditions
7:50 - The power of manifestation
10:30 - Always put an offer in even if you think the sellers wont accept it
16:43 - Utilizing your contacts and other resources 
21:30 - The importance of budgets
24:49 - How to budget for renovations
27:28 - How to determine a price for the units you are renting in your home
30:57 - Nika shares the current state of her property and the renovation process

Season 2 baby!! Let's goo. 

We kick off season 2 with a heated discussion about venture capital and the impact that it has for retail investors like you an I.

Now-a-days it seems like companies left and right are getting funded, and often, the companies true value to the world is ignored. In this episode we dive deep into how VC firms operate, and ultimately make money.

Venture capital (VC) is a form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. Venture capital generally comes from well-off investors, investment banks, and any other financial institutions.

What to expect:
1:02 - What exactly is a Ponzi Scheme
4:00 - Bernie Madoff
6:11 - What is venture capital fund
11:30 - Growth "On Paper"
14:40 - Hyper Growth
24:58 - What is a Unicorn
25:37 - The Grand Finale
28:56 - SPACS - Special Purpose Acquisition Company
29:37 - We Work

What we dive into:
0:30 - Scarcity vs. Abundance
3:52 - Our personal experiences with scarcity mindset
10:37 - The importance of gratitude
14:20 - Advantages of an abundance mentality
18:57 - You are a sum of your 5 closest friends
22:02 - Know your audience
27:35 - The distinction between jealousy and envy
32:37 - Words you can use to switch the dialogue from a scarcity to an abundance point of you

Investing and trading are two entirely different strategies and ways to approach the stock market. In this episode we get into how to control your emotions and provide actionable tips for making rational decisions. 

What we get into: 
- Brief market update
- Diversification 
- Dollar-cost Averaging 
- Strategies for minimizing emotional response

In this episode, Katie and Nika are joined by no guest. That's right, we're back to typical Nika-Katie banter with sprinkles of educational tid bits regarding starting your own business. This is the first part of a longer series we are going to do on side hustles.

What we dive into: 
1:12 - What it means to be an entrepreneur
12:15 - Different types of entrepreneurship
20:10 - Venture Capital vs. Private Equity
22:30 - Different types of businesses you can start

Arthur began his career as the head of the in house marketing department at C21 Atria and since then he has transitioned into Real Estate where he has received numerous awards such as being named one of Century 21 Atria’s youngest award winning agents in 2017. In addition, he co-founded the award winning Wolfpack team. His in-depth understanding of Marketing and Sales has earned him the recognition as the go-to content specialist, helping agents strategize and package their listings for success. Arthur’s passion for real estate is noticeable from his energetic, knowledgeable, and detail oriented approach when working for his clients. He is an expert in the differences between all styles of homes to aid his clients in locating property that best meets their needs. Providing a modern and efficient approach combined with an honest and strategic planning process, Arthur ensures his clients are informed and comfortable every step of the way.

In this episode we discuss:

4:00 - What type of market is it (buys or sellers).
9:40 - How COVID-19 has affected the pricing of condos.
11:27 - What housing market is the most competitive right now (condo, townhouse, luxury..).
14:13- What opportunities are there in the Real Estate market? Is it a good time to enter the market?
19:18 - Arthur's thoughts on the free hold market.
21:06 - Where Arthur sees the Real Estate market headed (in the short and long term)
24:42 - What trends do consumers value when seeking a property (ie. big kitchen, large master bedroom)
29:00 - How long in advance of your desired move in date should you start looking for your home.
33:10 - The key things to look for when finding a Real Estate agent
37:17 - How to prep your home for sale.
40:57 - Arthur's thoughts on investing in the stock market vs. investing in Real Estate.

In this episode we break down how a $5000 initial investment + monthly contribution can create a portfolio worth $1.47 million and yield you a passive income of $73K/year after 30 years.

What we get into:

0:48 - What are Dividends?
2:00 - How to find the Dividend Yield
2:25 - Why invest in Dividends?
4:23 - How to look at a company's fundamentals
9:28 - Dripping Dividends
12:17 - How to turn a $5K investment investment into $73K in passive income in 30 years