What’s The Cost Of Living In Your City?

Yesterday (April 6, 2017), we were at a GenY Entreprenuer Seminar in Markham, Toronto. (We love going to GenY events! Lots of energy, fresh ideas, never boring 😉 )

What caught my attention when they talked about what the picture looks like concerning the cost of living in Toronto. It really drives home many issues that comes to mind.

But, let’s first jump in and see what this picture looks like.

We wanted to double-check with other evaluation of the picture and we found the following after some quick search.

The variation is expected because it depends on the basket of items used to determine the cost of living, the lifestyle etc.

Notably, cost like mortgages and loan financing is totally excluded from these estimates. And we know very well that most people are saddled with this category of financial commitment to some degree.

Nevertheless, it drives home the message that it is quite some financial discipline is required to earn and make sure to make ends meet for the average person living in the modern economy.

This segment of the Entrepreneurship Seminar also raise some questions:

  • What does it take to be able to bring in the income to sustain the required standard of living? That is, the amount over and above the cost of living, so that one will not dip into negative income
  • With the quality of job falling into temp and contract, it takes discipline to set aside buffer for period of unemployment or under-employent
  • How do one manage to earn, save and pay off mortgage and loans
  • Is it necessary to work for a side or Plan-B income stream that can generate a good source of on-going revenue

Perhaps you can think of even more questions!

What are your thoughts?

 

 

 

 

Health and Wellness Challenge Winner, Canadian Regional Conference 2017

The Market America|SHOP.COM Canadian Regional Conference 2017 was held March 31st to April 2, 2017 at Pearson Convention Center .

Among the Key Note and Guest Speakers were Mr. Dennis Franks, Executive Vice President, Market America, Ms Stacy Tung, Executive Field Vice President, Mr Ryan Stack, Supervising Coordinator.

Among the Local Speakers were: Andrew Chee, Jimmy Wu, Corrie Huang, Sosan Hau, Benson Lee, Ronnie Chiu, Moses Tang, Cristina Enrique Rivero, Amy Lui.

These event was spearheaded by Mr Donald Qi, Canadian Regional Director and Alex Kwong, National Sales Manager, Canada and a whole dedicated team of volunteers with the business.

During this event, we were awarded the Health and Wellness Challenge Award. This is the 2nd year that we achieved this challenge. We will continue to work at our business by helping more customers and team partners.

Below are some pictures of the event.