• 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

  • Home Sales Pick Up After a Slow April Home Sales Pick Up After a Slow April

    0 comments / Posted on by Steven Rivera

    Home Sales Pick Up After a Slow April

    April was a slow month for Long Island real estate, but May started picking up fast.

    From May 2016 to May 2017 homes contracted for sale increased by 7.5%, going from 3,080 pending sales to 3,313. This makes up for the 7.7% drop that occurred in April compared to last year.

    In May 2017 the number of closed home sales increased 17.2% from 2016.

    Although inventory is increasing it is still lacking compared to a year ago. There are currently 12,871 homes listed on the MLS of Long Island, compared to 15,507 homes last year.

    These are interesting stats to keep in mind whether you are a real estate investor, are looking to sell your home, looking to purchase a home, or just looking to do business in the real estate industry. 

    April was a slow month for Long Island real estate, but May started picking up fast.

    From May 2016 to May 2017 homes contracted for sale increased by 7.5%, going from 3,080 pending sales to 3,313. This makes up for the 7.7% drop that occurred in April compared to last year.

    In May 2017 the number of closed home sales increased 17.2% from 2016.

    Although inventory is increasing it is still lacking compared to a year ago. There are currently 12,871 homes listed on the MLS of Long Island, compared to 15,507 homes last year.

    These are interesting stats to keep in mind whether you are a real estate investor, are looking to sell your home, looking to purchase a home, or just looking to do business in the real estate industry. 

    Read more