We have heard a lot about the American Dream so much that it's part of the United States' identity. And lately, we have heard that the American Dream now is turning into the Canadian Dream.
But, what the American Dream is? If you google it, there are certainly many different definitions of the American Dream. How people define it depends on their own set of beliefs and experiences. So before we give you a definition, we want to hear from you. How would YOU describe your own American or Canadian Dream?. Let us know in the comments.
So let's start with a little bit of history here:
In 1931, historian James Truslow Adams first publicly defined the American Dream. In his book "Epic of America" he referred to the American Dream as "the dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement."
And lately, people are referring to the Canadian Dream as the new American Dream, especially for immigrants.
For us, The American and/or Canadian Dream is the fact that anyone, regardless of where they were born or what economic class they grew up in… ANYONE can achieve their dreams if they are willing to do the work and make the sacrifices that it requires.
And we, Kate and I can assure you that it is not just a belief… it's a fact. The fact that if you are willing to do what it takes, you can make those impossible dreams come true.
And it's something that you might not see in other countries, or if it is possible, it could take you all your life to get a bit closer to where you want to be. Here in Canada and The States, you can have significant progress in a short time if you are laser focus on your vision, and you have the discipline and commitment to make it happen.
And now you might be asking: so then why you said that the American or Canadian Dream is keeping you broke.
Yes, it might be keeping you broke. Why? Here is why.
Don't get lost and stay with me.
Let's go back to the question at the beginning of this video when I ask you how you describe your American or Canadian Dream?
I can bet you imagined a big house with a green, perfectly cut grass. You imagined parking your shiny comfortable car right in front of your beautiful home while your well-dressed kids and clean dog ran out of the house to receive you with big hugs and kisses while your beautiful calm wife is welcoming you with a delicious dinner.
If I'm not exactly right with this description, I might be pretty close to what you imagined, right? Let me know in the comments if I was close.
So, how do you see yourself in that Dream?… You are happy, calm, in such a peace of mind, you feel safe, secure, comfortable, with no more worries. (exheal to the camera as you are peaceful and fulfilled)
So here is the reality. We come to our new country, Canada or The States, with this big Dream in mind and we come determined to make it happen, we rent a tiny bedroom in a home with people we don't know because it's the only thing we can afford, we get odds jobs with crazy hours, we work hard to learn the language, and we do more than is humanly possible to make a living.
But here is the big mistake that instead of driving us closer to our dreams, it brings us right into being broke.
Let's say the house ownership. We all Dream with that big house, but we rush on getting it, so we sign an awful mortgage agreement, with high interest because we didn't have enough down payment or good credit history to support us.
The same happens with the car, the clothes, even the education you dreamed of. They can eventually give you a level of happiness, but if you are using credit to pay for them, you will just get more headaches, more stress, and worries. And you will get into this cycle where you can't risk changing career or working fewer hours because you won't have enough money to cover your monthly expenses, so then you can't move forward, you end up losing hope and keep getting into debt because you can't pay for this new life without it.
So if you are serious about making your dreams come true… ask yourself these two questions before you buy anything:
1. Do I have enough money for it, or I will have to use credit?
2. Will this bring more peace or stress to my hectic life?
This way, you will make better decisions and get closer to that fulfilled, happy, calm, safe, secure and comfortable life you dream of.
And if you are having trouble controlling your spending, we have a free course for you; just click the image below.
Keep crashing your money goals, and we will see you next time!
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