Tipping Point

Tipping point can be defined as ” the point at which an issue, idea, product, etc crosses certain threshold and gains signifiant momentum, triggered by some minor factor or change”. I would loosely describe it as the point in which all of your previous hard work has made you better and things finely start to fall into place as you have improved rather than situations have become easier.

Say for example that you have continued to put away in a savings account $50 from each pay since you got your first job when you were 15 and you are now 25. Not accounting for compound interest or investment returns you would have saved 13,000. While this might not seem like a lot, if it allows you to pay off debt or further add to your down payment on a new home it may be just the tipping point that allows you to do it.

You also reach tipping points learning a new language, playing a musical instrument or training for your 1st 5K race. It’s when all your hard work is finally starting to pay off. The Beatles did it by playing tons of shows in Hamburg Germany when they first formed and this allowed them to hone their skills. Malcolm Gladwell in his book by the same name says that the magic key is 10,000 hours of work to get to your tipping point. So what are you an expert at that you don’t even realize?

Today I am thankful for the business came in over night while I was sleeping, my french that I learned 30 years ago that still serves me and these daily posts that allow me to reach so many people.

“The tipping point is that magic moment when an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire.”
― Malcolm Gladwell

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here