Hindsight is always 20/02 But the problem is you can only see what you understand. in example looking at struggling businessman coming out shining through a rough market, the person who does not understand business principles does not how he pulled it through. Versus a business knowledgeable person does know and can identify the principles that this struggling business person cling-ed to that help him through the rough market.
I just heard today about a 59 year old executive in the jewelery manufacturing business expressing fear that he will loose his job. He never bought a house because he was always afraid that if he might looses his job, where is he going to pay the mortgage from.
He never invested in real estate due to lack of knowledge of the real estate business.
He never invested in the stock marketdue to his lack of knowledge of the stock market.
You see the theme? He was always holding to his job and being good at what he was doing, but he wasn't growing,which brings us to the following financial principles.
- Buy assets (Real estate or Stocks Bonds etc)that will go up in value.
- Educate your self about these assets.
- Change is inevitable, growth is a choice so the choose to grow and change will be easy!
Rich dad says: the difference between the poor and the rich is, The poor buy liability's, and the rich buy assets.
Owning your House is vital to your total financial picture the time to buy is now!
For Real estate financing advice please call me at 917.660.3630
or send me an email to Joel@joelsilberstein.com
Sincerely
Joel Silberstein
Certified Mortgage Planner, CMPS
The Silberstein Group
Brooklyn NY 11219
Joel,
The dirty secret, the best kept secret in real estate is that the poor can't afford to rent! In most markets there are opportunities to buy for less than rent, often with less cash than it takes to get into a new lease.
Congratulations on the CMPS! Your clients will get allot more than they except.
Well done!
Bill