Jerry Penner,
Financial Coach
Who is Jerry Penner? The Offer
Books and Spreadsheets
Money Ed Videos Endorsements
Contact
Who is Jerry Penner?
Hi, I'm Jerry! I went from broke to
retired in 16 years and now I teach
others how to do what I did.
At the age of 40 I had been divorced for 9 years, had a mortgage, a
drinking problem, and a
job that just barely covered expenses. I had no retirement savings.
My retirement plan was the "Silver
Bullet" retirement plan. I realized there had to be a better way. I
knew I couldn't count on my parents, my government, or my employer to
take care of me.
I started researching investment
and retirement strategies including real estate, stocks, bonds, mutual
funds, gold and silver, cryptocurrencies, and small business. I read
books, took courses, practiced, and found things that worked and things
that didn't.
During my journey I would sometimes tell people what I was doing and
they were skeptical, saying, "Come talk to me when you have results.".
At 56 I exited the rat race on my
own terms. I think that's results enough, don't you?
Some of my favourite influences
are:
+ Gail Vaz-Oxlade of "Til Debt Do Us Part" fame,
+ Tony Robbins' book "Unshakeable",
+ Greg Habstritt's book "The RRSP Secret",
+ Tim Ferriss' book "The 4 Hour Work Week",
+ Pete Adeny's blog "Mr Money Mustache",
+ The financial and business writers at the Globe and Mail, and
+ Robert Kiyosaki's books and training.
I know where the gopher holes are in the path to a comfortable
retirement. I've stepped in a number of
them. I can tell you where they are so you don't make the same mistakes.
I'm not a registered financial anything; I don't have any expensive
letters after my name. My expertise comes from hard-won personal
experience, not
theory or sales brochures.
I take the fake complexity out of
retirement planning. I show you how to take your retirement plan out of
the
hands of a salesman and empower you to build it yourself.
My desire is to
share what I've learned to save you time, money, and help you
retire richer, faster.
The Offer
Send me an email asking for:
+ my e-book "The Nine #1 Things You Need to Know to Retire Richer,
Faster",
+ my Money Ed Super Secret Financial Summary Template,
+ and my Money Ed Super Secret Budget Calculator
and I'll get those to you for free, a $30 value.
If you then send me a copy of your completed Financial Summary template
and Budget Calculator, I'll give you a 1 hour consult to help you find
direction in your retirement plan. This is a $100 value.
Finding it difficult to figure out your finances? Book me for private
one-on-one coaching. I'll fill out the Financial Summary template, the
Budget Calculator, and help you map your way out to financial freedom.
$400 gets you a 4 hour block of time with me, used at your discretion.
Want to try it yourself and save money on my fees? Absolutely! I'd suggest taking a
look at my free Money Ed videos first.
Books and Spreadsheets
Click the book cover below to get to "The Nine #1 Things You need to Know to Retire Richer Faster" on my Etsy shop:
This
book lays out a no-nonsense framework that cuts through the unnecessary
complexity your financial advisor uses to make himself indespensable in
your retirement plan. If you have HAD IT! with traditional
financial and retirement planning advice and are ready to take your
money back into your own hands, this book is for you.
While the book is aimed at a Canadian audience, the concepts translate well to other countries.
On the path to early retirement I stepped in a lot of gopher holes to find out what worked and what didn't. I have something most accredited financial planners don't have: real-world experience. I am now prepared to share what I learned so you don't have to find the same gopher holes yourself.
I've told people about my journey as I was progressing through it. The most common response I got was, “Let me know when you have results.”. Well, I retired at 56, 16 years after starting my 20-year plan. I think that counts as results, don't you?
In retirement 've been asked, “So what is the #1 thing I need to know to retire richer, faster?”. I gave it much thought. There are nine:
1) Not everyone has the discipline of delayed gratification. You can beat this by remembering Why you want something.
2) You are not evil for wanting to become richer than you are. Wealth amplifies a person's character.
3) The middle class think about capital gains. The wealthy think about cash flow and dividends.
4) Create an annual financial summary. This is the "You Are Here" pin in the mall map of your financial landscape.
5) Transfer the annual financial summary numbers to a monthly budget. This shows you where adjustment is necessary.
6) Got running credit card or car loan debt? Pay it off. Balances on credit cards kill income before it has a chance to work for you.
7) How much money do you actually need to retire and never run out of money? A simple calculation is to take your current annual gross salary and divide it by the average percentage of the dividends and cash-flowing assets in your portfolio.
8) Stack cash in your TFSA first, then your employer's RRSP up to the match only (if you must), then put the rest in a margin account. What assets should you be buying in these? I buy only good-paying dividend stocks. Of all the stocks in the TSX universe, less than 0.5% pass my screening criteria.
9) Financial freedom isn't an end goal, it's a door to endless possibilities. When your dividend income exceeds your expenses, you are in a unique position to be able to make the world a better place on your own terms. You were not built to construct someone else's empire!
While the book is aimed at a Canadian audience, the concepts translate well to other countries.
On the path to early retirement I stepped in a lot of gopher holes to find out what worked and what didn't. I have something most accredited financial planners don't have: real-world experience. I am now prepared to share what I learned so you don't have to find the same gopher holes yourself.
I've told people about my journey as I was progressing through it. The most common response I got was, “Let me know when you have results.”. Well, I retired at 56, 16 years after starting my 20-year plan. I think that counts as results, don't you?
In retirement 've been asked, “So what is the #1 thing I need to know to retire richer, faster?”. I gave it much thought. There are nine:
1) Not everyone has the discipline of delayed gratification. You can beat this by remembering Why you want something.
2) You are not evil for wanting to become richer than you are. Wealth amplifies a person's character.
3) The middle class think about capital gains. The wealthy think about cash flow and dividends.
4) Create an annual financial summary. This is the "You Are Here" pin in the mall map of your financial landscape.
5) Transfer the annual financial summary numbers to a monthly budget. This shows you where adjustment is necessary.
6) Got running credit card or car loan debt? Pay it off. Balances on credit cards kill income before it has a chance to work for you.
7) How much money do you actually need to retire and never run out of money? A simple calculation is to take your current annual gross salary and divide it by the average percentage of the dividends and cash-flowing assets in your portfolio.
8) Stack cash in your TFSA first, then your employer's RRSP up to the match only (if you must), then put the rest in a margin account. What assets should you be buying in these? I buy only good-paying dividend stocks. Of all the stocks in the TSX universe, less than 0.5% pass my screening criteria.
9) Financial freedom isn't an end goal, it's a door to endless possibilities. When your dividend income exceeds your expenses, you are in a unique position to be able to make the world a better place on your own terms. You were not built to construct someone else's empire!
Click the book cover below to get to "111 Gigs to Start Under $1,000"
on my Etsy shop:
When
I wrote “The Nine #1 Things You Need to Know to Retire Richer, Faster”
the unspoken assumption was that a person has money at the end of the
month that can be used for stuff other than bills and necessities. If
you just don't have the money to invest, where does it come from?
This book is for those people.
Some people don't know what is possible, how much it will cost to set up, if it can be done with a disability (or a baby under one arm), or a limited amount of time, or what the threats to success are.
For each gig I've included:
+ Setup costs
+ Expected income
+ Body requirements
+ Disability-friendliness
+ Part time or occasional
+ Gotchas describing the negatives for a particular gig
Not every gig is for everyone. This book should at least give you some ideas on things to try to get some more cash rolling in so you can retire richer, faster.
This book is for those people.
Some people don't know what is possible, how much it will cost to set up, if it can be done with a disability (or a baby under one arm), or a limited amount of time, or what the threats to success are.
For each gig I've included:
+ Setup costs
+ Expected income
+ Body requirements
+ Disability-friendliness
+ Part time or occasional
+ Gotchas describing the negatives for a particular gig
Not every gig is for everyone. This book should at least give you some ideas on things to try to get some more cash rolling in so you can retire richer, faster.
My Super-Secret Financial Summary Template is here.
This is the "You Are Here" pin in the mall map of your financial landscape.
My Super-Secret Budget Calculator spreadsheet is here.
Once the Financial Summary is completed, transfer the numbers to the Budget Calculator to find out where the problems are.
My Super-Secret Running Bank Balance Sheet is here.
Some folks will balance their chequebook at the end of the month, matching the bank's values with their own records. This balance sheet goes much further, allowing you to see where your finances will be in 1, 2, 5, 10 or 20 years based on your past income and expense history.
Money Ed Videos
Want to see all my Money Ed videos? Click the button below for my YouTube playlist.
Endorsements
Rose Pike, Teacher:
"I was a single mother to 2 children
and I had to give half my teacher pension to my ex husband when we
divorced. I had recently come into a significant amount of money from
the sale of a property owned by my parents and I wanted to make the
best financial decision for that money. After watching Jerry's Money Ed
videos I contacted him and gave him my story. He gave me the (dirty)
facts about what mutual funds are really all about and how I could
invest in companies and get dividends (within my TFSA) to help pay for
property tax, car repairs, etc. or just leave it alone and let it grow.
I am happy to report I am well on my way to financial stability and I
can sleep better knowing I can actually do it myself! I really
appreciate Jerry's calm, supportive way of speaking to me. He never
judged and he has a great sense of humour that really put me at ease. I
highly recommend Jerry to anyone that wants to keep more of their money
and save for their future, regardless of income."