What Savings Group are you in?

By
Real Estate Agent with HomeSmart Realty West & Lend Smart Mortgage, Llc. CA01938972, CA-DBO1483386

Recently, the California Association of Realtors® (CAR) posted the flyer below depicting savings trends for Americans. The data is based on studies from Bankrate.com and Financial Health Network.

The savings rates, in my opinion,are dismal and based on inflation rates, those who are not properly prepared for the future by saving prodigiously, will suffer dramatically.

Your thoughts?

So what group do you fall in? Of course, no answer necessary.

Posted by

Sandy Padula & Norm Padula, J.D., GRI
CA DRE# 00902455 &  CA DRE#01938972, FL Bkr# 3090255 & NMLS#1483386

Home Smart Realty West

Lend Smart Mortgage, Llc.

760.985.2055  Sandy
858.444.7060 & Norm

SDLuxHomes.com

PRESENCE ~ PERSISTENCE ~ PERSEVERANCE

 

 

 

Comments (5)

Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

As much as possible is my answer. I am never specific...this is so hard in real estate because our incomes vary so much.

Feb 05, 2020 10:06 AM
Sandy Padula and Norm Padula, JD, GRI

I am with you Jeffrey DiMuria 321.223.6253 Waves Realty !  Feast or famine in this business!

Feb 05, 2020 03:23 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sandy and Norm I was surprised to see that the highest category is the one I am in.

Feb 05, 2020 10:11 AM
Sandy Padula and Norm Padula, JD, GRI

Living in Connecticut isn't easy so congratulations! Thanks for your response!

Feb 05, 2020 03:22 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I definitely am in the higher savings group, but it seems that I can never save up enough for the rainy days in real estate.

Feb 05, 2020 10:17 AM
Sandy Padula and Norm Padula, JD, GRI

I hear you, Brian England BTW; how's that Model 3 working for you? Sandy wants one now!!

Feb 05, 2020 03:19 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Norm,

We do what we feel good about, and we hate the idea of being categorized or doing what others do.  A

Feb 05, 2020 02:17 PM
Sandy Padula and Norm Padula, JD, GRI

I know what you are saying, Alexandra. We are all victims of datamining and this is another result of that. Don't shoot me; I only passed it along!

Feb 05, 2020 03:18 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I was fortunate enough to start in real estate with a healthy 401k from my time in corporate America and because I made some very wise investments in the 80s when interest rates were high I have benefited from them down the road. 

Feb 15, 2020 08:06 PM

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