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PAY OFF YOUR HOME AND HERE IS WHY

By
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

We all need a place to stay is something we can all agree on. Now, consider that the economy is no respecter of persons and how when it hiccups or fails, it takes people right with it. Unemployment, medical issues or a failed investment can propel you into a world of uncertainty. What is certain and always has been is REAL ESTATE

CREDIT CARDS CAN BITE YOU

We live in a capitalistic society where in is ingrained in you early on to spend SPEND and keep SPENDING money. Many years ago when the credit card was introduced, spending took a leap and stayed there and took everyone with it too. I am promoting another type of strategy

PAY IT OFF...PAY IT ALL OFF

Save your money SAVE every penny and or if you own a home, make double payments or pay money toward the principal no matter how small with every payment. Do this like if you are on a mission and be relentless about it. In a short period of time and we all know how time flies, you will have reduced your monthly mortgage obligation considerably

DEBT IS BONDAGE BUT NECESSARY AT TIMES

It may take hard work or focus, but after that the journey becomes fun and takes on a different nature. You don't live to survive anymore, but live for livings sake. You now get to enjoy and sip your wine and chew your aged cheese. Life becomes tamable and more pleasant when the human is not in bondage of any sort.

BEST ASSET OF ALL

Gold, money, jewelry, stocks and fur coats all come and go. If you own your own home, well that is the most important asset you can have besides good health to enjoy it. Real Estate works and right now is within reach as well as affordable 

Gold and money only go so far.... ...Shelter is a worthy investment

 

Lanise Warrior-Johnson
Real Estate Brokers Services, Inc. - Compton, CA
Real Estate Specialist
This is great advice. Debt is an emotional burden. My husband an I recently completed the Dave Ramset Financial Peace Unniversity. After completing our budget, we've paid off 3 credit cards! Outside if a mortgage we have $75k in debt....mainly student loans & auto loans. But we are making meaningful progress!
Dec 17, 2012 11:23 PM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Very good data, Richie!  Getting the CCs paid off is so important in reducing the liability of debt.  Those interest rates are so encumbering to folks!! 

Dec 17, 2012 11:38 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

 

Lanise...carry on dear lady and your progress is worthy of a boast and toast...clink clink..drink...ahhhh congrats

Hello Dan...It is deceiving in nature and against people really getting ahead. In truth, It is more designed to capture and then bind people for their life time unless they escape into bankruptcy...What horror credit can be if it turns on you!

Dec 18, 2012 01:25 AM
Christopher Campa
LONG & FOSTER REAL ESTATE - Gainesville, VA
Northern VA Realtor

Richie: Wonderfully stated.  I find that a lot of people out there still look at a home purchase as a short term investment.  People ask, "what do you think it will be worth in 3 years?"  My response is, "you must look at real estate as a long term investment."  (This does not include investors, of course.)

Dec 18, 2012 01:39 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Christopher...Yes and the sooner the better to leap into this subject and then stay there. After that, play with things to your hearts content...but leave the HOME ALONE...Yes to your worthy comment

Dec 18, 2012 01:42 AM