Posted by genieSABRE on Aug 16, 2011
‘I still pinch pennies,’ TV host says

‘I still pinch pennies,’ TV host says

 

Small-screen star Jillian Harris says the best financial advice she ever received was to invest in Real Estate


Source: Emily Mathieu: Toronto Star
Published: Monday, Aug. 15, 2011 8:30 AM EDT
Jillian Harris made her name on the small screen, on shows including the Bachelorette and acting as host of Extreme Makeover Home Addition. She will also host the upcoming show, Canada’s Handyman Challenge. In our series on the financial habits of notable Canadians, Harris told the Star about her multiple jobs, a hard lesson she learned using credit card.

What has been your savviest investment?

My condo in Vancouver for sure.

How did your family influence your attitude toward money?

My mom always taught me about money, credit and working for your money. I was lucky to be raised with two family businesses, so I did the receivables and janitorial at my dad’s autobody shop when I was about 10 to 14 and worked in sales at my mom’s gift store from 14 to 19. I also had side jobs, cleaning houses, cooking at the golf course and washing hair at a hair salon.

What was the first item you purchased with your own money?

Since I remember working for my own money since I was old enough to walk — I was always trying to make a buck — I would have a hard time with that one. Mom says it was a little onyx bird in Tijuana. She taught me how to barter at 6 years old!

What has been your savviest investment?

My condo in Vancouver for sure.

What is the best financial advice you ever received?

Invest in real estate and pay off your Visa every month. Which I have not started doing until this year, yikes!

How were you handling credit card debt prior to that point?

When I first moved out on my own I had a credit card with every major store possible and racked up some mean credit. When I sold my first condo and made a profit, all the profits when to paying off credit debt. It was so painful.

Do you still prefer to use credit?

I use credit all the time for a few reasons. First, I can track all my purchases. I download my transactions every month before my payment is due and see what I have spent on what. It keeps me on track for the next month. Second, I love the air miles. I travel a lot personally and professionally and the flights end up saving me a lot of money.

Do you bank online?

Yes and only online. I actually use my iPhone a lot. I have a CIBC app that is awesome!

Do you worry about retirement?

I don’t worry about it too much. I started saving in RRSPs when I was 16. Just little bits here and there but I feel like I am on the right track. I am hoping I can continue to grow my real estate and investment portfolio but I am pretty aware of my retirement plan and work hard towards it.

Are money and success the same thing?

Not one bit. I am not rolling in money by any means. I think the perception is that because I have a job that is so public I must be loaded but that is not the case. My car payments are less than they were before I was ever on TV, I bought a less expensive vehicle right away.

I live in the same condo. I still pinch pennies. However, I am more successful than I ever imagined but it’s the people around me who make me feel that way.

It’s important to remember though that we all go through ups and downs. Just a year ago I was in a big slump in life and didn’t feel successful at all. And maybe I made more money than I do now. It’s all about doing what you love, making time for people that you love and trying your best to walk out the door in there morning with a smile.

 


REMEMBER: Real estate investment should be your 1st. priority. If you own your own home = Good for you. But now is the time to take that second step – RENTAL PROPERTY INVESTMENT.

Call: Hannif Highclass @ 416.444.4252

Free advice on who to invest in real estate. What & which type of properties to buy. Financing options and more.

Take that 1st step and pick up that phone – Call !

http://www.geniesabre.com
 

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One Response to “‘I still pinch pennies,’ TV host says”

  1. if its a big company, prloabby you should go along.The property cycle is normally of 7 years duration. There will be a property boom again. Good agents are making a lot of money even now.

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