Savings vs. Investing for Your Financial Future

One of the most common questions likely heard as a real estate professional comes from concerned clients trying to decide if they should focus their efforts on saving or investing. It’s a natural question but it’s your duty to let them know that they should rephrase the question – the concept of saving for the future, at least as defined by past generations, is a quaint concept with little meaning in the modern financial world.

The European Debt Crisis Affects You

What exactly is the problem with the European debt crisis and how does it affect you here in the good, old United States of America? Isn’t that just some sort of boring, Old World problem that doesn’t have anything to do with the rest of us? Not exactly. Today’s world is much too interconnected for one financial system to crash without everyone else feeling it like a punch in the solar plexus. So we have Federal Reserve chairman Bernanke joining with European Central Banks to “infuse liquidity” into the volatile situation. Big mistake.

Ignore the Housing Market and Grow Wealthy

As a real estate agent, one of the first things you should do is learn to ignore all those housing market reports that come out so frequently. This might seem like silly advice but consider this. The housing market is like the weather and if you live in Orlando, Florida, do you really care what is happening in Fargo, South Dakota? Unless your granny lives there, the answer is probably “no.” If the weatherman came on and reported that the average temperature in the United States today is 65 degrees, does that help at all? Probably not.

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