• Millennials and Real Estate Investing Millennials and Real Estate Investing

    0 comments / Posted on by Steven Rivera

    Millennials and Real Estate Investing

    There are many ways to plan for retirement. The most valuable method is the one that most people overlook. 401k’s are a great way to save if you have a job that offers one, but what about the people who are their own boss? Real estate investing is a great solution for them. More and more Millennials are shifting into real estate investing as an investment to allow income and maintain freedom. There are no exact stats but Coldwell Banker agent Shannon Crutchfield said she sees a growing number of Millennial investors in the tri-state area. It is a long-term investment so you might as well start early.

    There are many ways to plan for retirement. The most valuable method is the one that most people overlook. 401k’s are a great way to save if you have a job that offers one, but what about the people who are their own boss? Real estate investing is a great solution for them. More and more Millennials are shifting into real estate investing as an investment to allow income and maintain freedom. There are no exact stats but Coldwell Banker agent Shannon Crutchfield said she sees a growing number of Millennial investors in the tri-state area. It is a long-term investment so you might as well start early.

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  • Money Working For You vs. You Working For Money Money Working For You vs. You Working For Money

    0 comments / Posted on by Steven Rivera

    Money Working For You vs. You Working For Money

    Have your money work for you, instead of you working for your money.

    I think it's safe to say that the majority of people work for a living. Most of us have our
    regular routine of a Monday-Friday job, 9-5 that leaves us with little time or financial
    freedom. Even when we do finally see our savings account rise, we keep it in the bank
    earning little interest. Here are ways we can get smart with our money, and start have
    our money working for us.

    1. Develop Streams of Passive Income: This is a big one. Having multiple streams of
    passive income can really earn you the big bucks, with doing little to no work.
    Although it requires an investment initially, in the long run it will be a huge payoff.
    Real estate investments are the most common and usually most rewarding forms of
    passive income.

    2. Store Your Money In Retirement Accounts: Putting your money into retirement
    accounts such as a 401K or an IRA allows you to be invested in the market and have
    your money potentially grow significantly. Don't give away free money. Put in however
    much money your employer will match. After that you can transfer to an IRA.

    3. Choose Credit Cards With Rewards You'll Use: Choose a credit card with rewards
    that fit your lifestyle, this way each dollar you spend on your card is doing double
    duty. Note, This is only a good method if you have the money to pay it off, don't get
    yourself in debt!

    4. Become a Silent Partner In New Business: Although starting your own company
    can...
    Have your money work for you, instead of you working for your money.

    I think it's safe to say that the majority of people work for a living. Most of us have our
    regular routine of a Monday-Friday job, 9-5 that leaves us with little time or financial
    freedom. Even when we do finally see our savings account rise, we keep it in the bank
    earning little interest. Here are ways we can get smart with our money, and start have
    our money working for us.

    1. Develop Streams of Passive Income: This is a big one. Having multiple streams of
    passive income can really earn you the big bucks, with doing little to no work.
    Although it requires an investment initially, in the long run it will be a huge payoff.
    Real estate investments are the most common and usually most rewarding forms of
    passive income.

    2. Store Your Money In Retirement Accounts: Putting your money into retirement
    accounts such as a 401K or an IRA allows you to be invested in the market and have
    your money potentially grow significantly. Don't give away free money. Put in however
    much money your employer will match. After that you can transfer to an IRA.

    3. Choose Credit Cards With Rewards You'll Use: Choose a credit card with rewards
    that fit your lifestyle, this way each dollar you spend on your card is doing double
    duty. Note, This is only a good method if you have the money to pay it off, don't get
    yourself in debt!

    4. Become a Silent Partner In New Business: Although starting your own company
    can...

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  • Goal Setting for the Real Estate Entrepreneur Goal Setting for the Real Estate Entrepreneur

    0 comments / Posted on by Steven Rivera

    Goal Setting for the Real Estate Entrepreneur

    The Who, What, When, Where and Why of Goal Setting in Real Estate:

    For any business owner there is one small step that makes a big impact on success. It may sound simple, but taking your business back to the basics can bring your business to the next level. Goal setting is an easy task that sometimes gets buried under those busy to do lists. By writing down your short and long term goals as a regular part of your business operations, you will see an increase in positive results.

    Who should write goals? EVERYONE. No matter how many people are included in your business team, everyone should be apart of the goal setting. Whether its a personal goal, or a business goal it is important that everyone’s input is involved.

    What kind of goals? S.M.A.R.T goals are proven to be the best goal setting method. Specific, Measurable, Attainable, Realistic and Time sensitive. These hold you company accountable and allow you to monitor progress.

    When should you set goals? ALWAYS. Goal setting is not a one-time event. Situations change and goals need to be revised at times. Goal setting is an ongoing process. Even when your company is at an all time high, goal setting can help maintain what’s already good and improve whichever aspects need work.

    Where should you write goals? The beauty of goal setting is that it can be done anywhere. Whether you write them...

    The Who, What, When, Where and Why of Goal Setting in Real Estate:

    For any business owner there is one small step that makes a big impact on success. It may sound simple, but taking your business back to the basics can bring your business to the next level. Goal setting is an easy task that sometimes gets buried under those busy to do lists. By writing down your short and long term goals as a regular part of your business operations, you will see an increase in positive results.

    Who should write goals? EVERYONE. No matter how many people are included in your business team, everyone should be apart of the goal setting. Whether its a personal goal, or a business goal it is important that everyone’s input is involved.

    What kind of goals? S.M.A.R.T goals are proven to be the best goal setting method. Specific, Measurable, Attainable, Realistic and Time sensitive. These hold you company accountable and allow you to monitor progress.

    When should you set goals? ALWAYS. Goal setting is not a one-time event. Situations change and goals need to be revised at times. Goal setting is an ongoing process. Even when your company is at an all time high, goal setting can help maintain what’s already good and improve whichever aspects need work.

    Where should you write goals? The beauty of goal setting is that it can be done anywhere. Whether you write them...

    Read more