Author: Contributor

Diversify Your Sources of Income

Bruny Surin

An entrepreneur must pursue several different strategies if he or she is to achieve his or her goals and achieve financial success. In fact, the majority of multi-millionaires have an average of seven different sources of income.

As soon as I started in business, I understood that it was essential to never put all my eggs in the same basket. So, if a sector is experiencing difficulties linked to an economic slowdown, I never find myself caught off guard and my income always exceeds my expenses.

In order to achieve a balanced portfolio, it is essential to differentiate between assets and liabilities.  Active income is what most people receive in the form of a salary in exchange for work done. Liabilities, on the other hand, multiply even when we sleep or go on vacation. Examples include income from rent, shares, real estate and franchises.   Examples include income from rent, shares, real estate and franchises.   

For a businessman or woman, the key to success often lies in these liabilities. They allow us to aim for financial independence or early retirement, to prepare for uncertainties and, above all,  grow our bank accounts. With a financial cushion, it also becomes possible to take more risks and think outside the box in business.

Does the subject interest you? At the beginning of November 2020, I plan to hold a big VIP event in Miami. Speakers from several fields such as real estate, franchises, mentoring, etc., will be invited to present their investment strategies. If you would like to know more, don’t hesitate to contact me.

Go get it!

Bruny

Reaching out to the difference

Immigration is a subject that divides more and more people on the planet. Although humanity has demonstrated its fear and rejection of difference several times in its history, social networks have trivialized this practice, and hate speeches seem to be multiplying at an alarming rate.

Bruny Surin

Having immigrated to Canada myself at the age of six, I find this polarization extremely sad. I often hear that newcomers come to take advantage of our country, our comfort, our jobs. Yet, just like me over 40
years ago, like all of us to some extent, they are looking for a better life, not having had the incredible opportunity to live in a safe or stable country.

In my opinion, it is essential to try to understand each other and to be open to differences. It is not because a person comes from another place and that his food, his customs and his culture are different that he does not deserve our respect and our attention.

The argument goes both ways, of course, because an immigrant who tries to get to know his host country and its inhabitants better will find it easier to integrate, find a job and create empathy.

Like me, now a proud Canadian who has represented the country all over the world, all immigrants have something to contribute.

Over the years, I have made friends from all backgrounds. Americans, Jews, Senegalese, Vietnamese, Quebecers, Haitians, Thais and Moroccans form a tight woven network, where poutine and hockey rub shoulders with curries and baguettes. All these new discoveries, new knowledge and wealth have made me stronger.

I may be naive, but I am convinced that by reaching out, we can increase this wealth tenfold and live in an even more harmonious, even more stimulating country.

Go get it!
Bruny

Bruny presents a TEDx conference

Bruny Surin is very proud to have taken part in the first edition of TEDx talks held by Champlain College in Saint-Lambert on April 7.

Entitled “From nothing to something”, this event is the first of its kind organized by college students.

Bruny talked about his Olympic career, and the many lessons he has learned over the years.

Much more than success and medals, it is mental preparation, teamwork, and the ability to overcome fear and criticism that have made the entrepreneur successful in business.

To watch the conference:

About TED
TED (Technology, Entertainment & Design) is a nonprofit organization devoted to Ideas Worth Spreading. Started as a four-day conference in California 30 years ago, TED has grown to support its mission with multiple initiatives.