It's difficult to believe that there are very many real estate sales people who don't intuitively know the primary components of building their business.
Maybe getting an occasional tweaking by their agency's sales trainer or by bringing in the advice of an outside trainer like Brian Buffini is helpful and necessary.
But in the main, the problem that haunts lack of listings and sales of any agent is refusing to follow the known, tried and true formula.
It's the same thing with building a secure financial future. Most intuitively know the components, interestingly few commit to it.
So the only way they can assure themselves that they will accomplish the goals that bring about a secure financial future is to bring in a competent financial coach.
But they are more likely to attempt to spend money trying to overcome the reason for their lack of listings and sales than they are spending money so they'll end up with the necessary savings when they are no longer able to work.
Here are the simple components that I recommend.
You can either mentally buy into this plan and do it on your own, or you can increase your chances of matching it to your individual circumstances by retaining someone like me. But you must do one of these.
In a nutshell, here's my investment approach:
1) Save a set amount, no matter what, each month... and more when you can
2) Give a reasonable amount to your church and/or charity each month
2) Don't let unnecessary investment sales commissions and management fees invade your capital. Your earnings will have to recover this before you are so much as even
3) Don't take unnecessary risks to try to beat inflation
4) Have long term care insurance
5) Make certain you will have sufficient "Safe Money" when you stop working
6) Know that your age and your marketability are in inverse proportion, and that you must manage your financial life with that in mind.
If this bewilders you...and for a lot of people it does...then call me.
America's Financial Coach