14 Sep

Wealth and Thinking

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Shaping the future

9 facts that will make you think differently about wealth, from a man who interviewed over 200 millionaires

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Who says you need to be an actor, musician, professional athlete, or high-powered executive to be rich?

The truth is you don’t need a fancy title, special talent, or face for TV to become wealthy. It’s ultimately about cultivating and maintaining good habits.

Thomas C. Corley, a certified public accountant and certified financial planner, spent five years studying millionaires and gathered his insights in “Rich Habits: The Daily Success Habits of Wealthy Individuals.”

Corley interviewed 233 people with at least $160,000 in annual gross income and $3.2 million in net assets, 177 of whom were self-made. He uncovered dozens of facts about rich people and their daily habits.

Here are some of the most interesting facts from Corley’s research that will help you think differently about building wealth. 

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Law council lobbying governments to change public liability laws and protect cyclists and pedestrians as a public health hazard by creating an "ecologically friendly bike lane for cyclists to cycle across roads."

According to the City of Edmonton, there are now more than 700 cyclists and pedestrians riding in Edmonton on a typical day, more than half are children.

For Edmonton drivers, the bike lane could offer them an opportunity to do a few extra things: "When they're heading to work, or in the middle of an errand, it helps me keep my eyes open, and when they're headed for home or someone in need, it allows me to take the last look at my destination, and help them reach their destination," says Paul Dallman, the city's director of transportation services.

The bike lane has its supporters among Edmonton drivers and riders.

"By adding capacity, a bike lane can be installed across wide streets and reduce the need for parking," says Dallman. "This is an effort to reduce our dependence on gas, which isn't good for the environment and ultimately it doesn't help the economy, and it also creates more space for cyclists to move more easily, which allows for people to take a bicycle for longer on city streets and sidewalks."

However, one critic in the local riding public says the increased cycling capacity makes it too easy for motorists to overtake a cyclist.

"You see guys, they're not really looking where they're going," says Jim Parson of the Ride Edmonton campaign group. "I've had to deal with drivers going 50 yards, and even then, I'm not sure if they're checking for cyclists or not, and I'm not sure if it is legal to do that."

Parson also says "there's not enough space for cyclists to go across a street to get to other people's vehicles, so we get to a point where it's very difficult to walk across to the left side of the road and there's no clear-cut separation of the two lanes of traffic, as there would be if there were no bike lane."

He also pointed out "there's a problem in this city, with no bike lanes."

If the city were to decide to install a bike lane on a local road, Parson said, "everybody would have to give a similar statement [about safety]. If I'm coming across your car in a crosswalk, I'm not going to be jumping your window and going back and forth, going past you as long as you respect the road and the crosswalk."

This is how Edmonton sees the proposed bike lane:

Parson noted Edmonton's new provincial road system that is "tweaking" existing roads to eliminate "safety issues by installing on-street bike infrastructure.
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Two men accused of killing four people and wounding a man in a rampage through a suburban Toronto neighbourhood have been charged, police said.

Toronto police spokesman Mark Pugash says officers on patrol in Toronto's southeast corner got a call about shots fired in the area of Bathurst Street and Sheppard Avenue at about 7:45 a.m. on Friday.

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"A Toronto police officer in patrol vehicles arrived with a weapon," Pugash says, adding that after they found one dead man, they returned fire and wounded the man.

An 11-year-old girl was also hit with a beanbag round but is expected to survive, Pugash said. The other man is in critical condition.

Police officers discovered several more people injured in the shooting and say a man who had come inside the home to help his brother and nephew was killed when a woman who lives there opened fire on him as he came outside.

Police have not announced the name of the person who lives in the home. Police say she was a 22-year-old woman of mixed race.

Police would not say whether they knew of any victims or the motive for the shooting.

A 29-year-old man who lives in the same apartment complex as the men also suffered non-life-threatening injuries. Pugash said the man was in stable condition at hospital and is expected to make a full recovery.

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