[The following is from a recent email sent out to my newsletter group. If you're interested in receiving consistent Real Estate/Finance tips, tricks, and hacks that will save you money and help you earn more money, email me or DM me and I'll be happy to add you to the group] When times get hard, most people run...
Or they do nothing. Both are terrible options. They don’t get you to your endgame. I’m sure you’ve heard the expression: When the going gets tough, the tough get going. There’s a reason why it’s so popular. It’s spot on. Inflation is causing your dollar to be worth less…
And, on top of that, essential goods like gasoline are increasing in price.
Your financial well is quickly drying up. But the TRUE question is, how will you respond? Will you turn and run? Or will you find a means to protect yourself? I want to share something with you. There’s an expression from Warren Buffet that I find extremely inspirational… When there’s blood on the streets, it’s time to buy. I’ve found this to be true. When everyone is scared… Or when everyone hesitates, the bold and ambitious make massive leaps and separate themselves from the competition. So how can you do this? My opinion...
Invest in what will pay you back and secure assets. Let’s get practical. If you have a house, consider refinancing. Don’t refinance and use it as a security blanket. Doing that is slowing down the speed in which you’re sinking. But you’re still sinking. Use the additional money to invest into something that almost guarantees a positive return. And if you don’t have a house, consider getting a house. It’s one of the few assets that historically has been a safeguard from inflation. Whatever you do, don't do nothing. Do something! Action moves you from point A to point B, Inaction will get you left behind and make things worse. If you ever want to talk about what strategies you can use in this market, let’s chat. I’m here to help. ⇒ Let’s chat