Money! Money! Money!

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

CAN YOU BANK ON IT?

 

Content by Patricia accompanied by chosen wisdom (quotes) from Suze Orman, American financier, author, and speaker. The old bank building in the photograph above is not active for banking purposes. Yet the building remains. Many businesses are now gone and so are a lot of people's money! The building is located in Denton, TX on the south side of the Courthouse Square, Locust and Hickory Street in Downtown Denton. I took this photograph before the pandemic. A lot has changed since the time the building was built, way before I was born. Today, it is rare to see a clock hanging from a big building or even hanging on a wall in people's homes. Times have changed but people still need money. I believe in home ownership and taking personal responsibility for your wealth, health (physical & mental) and financial security. I believe in myself and people I trust. 

 

"Owning a home is a keystone of wealth - both

financial affluence and emotional security."

---Suze Orman

 

People can get burned if they let someone else have total control of their money or put all their eggs in one basket. I believe every adult should have their own bank account, savings, and investments. It takes disciple to spend and save wisely. The mistake many people make is that retirement (if you're lucky) and age creeps up fast. You have to know where your money comes from and where it goes. Money doesn't last forever. Neither do jobs, people, or even communities. It isn't easy managing your own money but if you start young and choose wisely through good times and bad, you learn quickly, after all...

 

The only way you will ever permanently take control

of your financial life is to dig deep and fix the root of the problem."

---Suze Orman

 

Children can learn from an early age the way to score is to have a goal and know where to shoot to get the goal because to average kids, a goal is just a game like soccer, hockey, or baseball. In real life scenarios, you're playing with money that can subsequently have consequences. Making corrections isn't easy. Suze explains: 

"Recast your current problem into proactive goals."

---Suze Orman

It's fun to be young and celebrations are great! But the reality is when it comes to sports, only a small percentage become star athletes. Education has to be diversified because sports, like games people play don't last forever. Regretfully, things happen when you least expect it. You get hurt, too old, have health problems, replaced, or couples and or families can be broken. Perhaps it's a challenging new job or being let go from the job you loved and always thought you'd have, or maybe your spouse or life partner is gone, there's relocation, but no matter what happens, are YOU happy and do you have the means to start a different life with new beginnings? 

"When you're happy you find pure joy in your life. There

are no regrets in this state of happiness - and that's a goal

worth striving for in all areas of your life."

---Suze Orman

 

Change. Acceptance. Emotional distress. Life changes. It happens to everyone. From reading Suze's books and listening to her talk, I know, she knows...

 

"Understand and accept the cycles of money. The setbacks you

have today or next year will not keep you from financial 

freedom. If you hold on to your goals, and dreams, you will get there."

---Suze Orman

 

Freedom has been aspired to from the beginning of time. When owning a home, the best advice is to spend wisely. If you own a home, maintain it, pay your bills, and pay off your mortgage as quickly as you can. Having investment properties help some; others not so much. Being mortgage free is truly a gift a homeowner gives to themselves. Suze Orman is a woman with financial expertise. 

 

"Pay off your mortgage before retirement, and that's one

less bill you'll have to worry about when you're on a fixed income."

---Suze Orman

Always be kind. Be responsible. Worry less. Being capable of living on a fixed income is not easy but it's worth it. As years go by, you'll need to pay more for health care, food gets more expensive, physically, bodies may get more worn out than others your age but keep moving. Never give up. Independence and financial freedom are worth more than a collection of things. We were put on this earth to help one another. If you listen to Suze, you will discover wisdom and good advice. 


"Every time you overhear something hurtful, I want you to do 

something kind for someone else."

---Suze Orman


Behind every corner there's a crisis or a blessing. When there are problems, reframe your efforts. Adapt to change and be the positive change, Be flexible. Shift priorities. In every situation, look for opportunities to grow your wealth and become a better person. Money, like people has a purpose. Suze says:


"Money is such as amazing teacher: What you choose to do

with your money shows whether you are truly powerful or powerless."

---Suze Orman  


Planning changes lives. Strategies are just words mixed up like a puzzle until you have a vision. Home ownership may pave the way to financial security but you have to work at it 

"In order to create lasting security, you must learn to stand in your truth."

---Suze Orman


Others may mean well and maybe not. I dropped my Financial Advisor long ago when he made my skin crawl. I asked a question about what he was doing with my money and I didn't like his answer. The sound of silence can be terrifying. He finally spoke and said: "Everyone is motivated by greed.' My truth spoke to me and I quit his services. Threatening stories and statements can open up new possibilities when you know yourself. I learned a lot from Suze. She said:

"Don't let what others think or say get in your way; their

actions reflect on them, not you."

---Suze Orman

I hope you enjoy my blog posts. I pour my heart into writing. Thank you for reading. Your future belongs to you ---Patricia Feager

 

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Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        3575 Lone Star Circle, Suite 315
                                        Fort Worth, TX 76117
                                        Office: 817-748-4800/FAX: 817--748-4900

                                         Patricia (Peace without Panic) Feager (Faith without Fear)
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
SECI (Southeastern Career Institute)
Associates (3) (Collge of Lake County)
KU (University of Kansas)

CERTIFICATIONS

CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
RENE (Real Estte Negotitions Expert)

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments (20)

Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

My home has been the best investment that I have ever made and it is an investment you can make a lot of money on, then sell it tax free up to certain levels.  It is also a very worthwhile endeavor to pay off the mortgage.

 

I always enjoy your thoughtful and entertaining posts! ! !

Jan 07, 2022 07:50 PM
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse specialist

My father started teaching me about investing when I was around 6 years old. My middle age will really be obvious here. He had me invest my money in company's that I could understand at that age (or rather he invested for me- but made it seem like it was my idea) - Toys R Us and Tandy, better known by the Radio Shack Brand- with all their gizmo's and gadgets. Given that he worked for Merrill Lynch, he usually came home with the Wall Street Journal- and he would show me how the stock would perform each day. I learned very early on the value of investing, the benefit of dividends, and how the markets work. I was so fortunate, though I believe these are lessons everyone should know.

Jan 07, 2022 08:01 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia another powerful post and indeed I have been of the mindset to pay off our mortgage, we are almost there, unfortunately my state and city loves to keep increasing taxes for many fake reasons..... so with that said so glad we have 401k's as well as other assets .... but not everyone thinks like we do, Endre

Jan 07, 2022 10:09 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Raymond Henson, eXp Realty - thank you for your thoughtful comments that mean so much. It's a wonderful feeling to home owners when they discover home equity gives them more power and greater wealth. When adding more to the mortgage payments each month leads to financial freedom by paying off your mortgage, it's as  good as winning your own lottery from the bank.   

Jan 08, 2022 03:32 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Adam Feinberg - Your father and you are role models for future generations. Children live what they learn. I can almost see how excited you were when he came home with the Wall Street Journal and together you reviewed the stocks, he taught; you listened and learned valuable lessons you never forgot. Value was always on the forefront of his mind and it's on yours too! Although I don't participate in AR's weekly ZOOM meetings, I  have a feeling this would be an excellent topic for discussions to the group and appreciated by Debe Maxwell, CRS, George Souto, and Ed Silva just to name a few. I could listen to you or read your book, if you wrote one too. 

Jan 08, 2022 03:39 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Endre Barath, Jr. - Financial freedom from paying off your mortgage feels like soaring like a bird or zip lines. Both are scary on first attempt but oh, what a relief you get in the end when you touch down! The landing is worth it! Whether you stay in CA with big taxes or stay, I pray you get to achieve your goal of paying off your mortgage sooner than later. Whatever you do, do it for you to acquire greater wealth and not your state. 

Jan 08, 2022 03:48 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I almost wonder if bank buildings will be going away since everything seems to be going virtual and cryptocurrency seems to be on the rise.  I can't even remember the last time I went into my bank and on top of that, the money that I have with them just sits there and loses value daily, haha.

Jan 08, 2022 04:27 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

I think financial responsibilities should be taught in high school. How to budget? How to save? And why are both important? How to know how much change is due when the computers are down..  How to invest? What are the different methods? Etc etc.

And I always enjoy your blog posts!

Jan 08, 2022 05:21 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Patricia - you cite such a truism about the use of "time" making a statement.  On buildings as well as in parts of speech.  

Jan 08, 2022 05:57 AM
Patricia Feager, MBA, CRS, GRI,MRP

Michael Jacobs - your comment felt like a nice warm blanket over my shoulders on this cool Saturday morning. Thank you!

Jan 08, 2022 06:39 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Brian England - I'm keeping a close eye on my bank. Compass changed to PNC and things are different now. I deliberately go inside to observe to see what they are doing in there. After all, they have my money! I went inside Compass Bank all the time and noticed in the beginning, I could really talk to people and they were very smart and helpful. But when it became a revolving door and people I trusted left, they were replaced with employees I felt were inadequate to my needs. I was about to change banks when PNC emerged, taking over. So far, I am experience more intelligence but I will continue to see if it becomes another revolving door. I have to say, few people frequent the bank and now when I walk into the door, those that are there, say hello and address me by name!!! I like that! Sure, I use online banking, but I'm still keeping an eye on those who control the use of my money inside the bank. You'd be surprised how many interesting observations I've made over the years. 

Jan 08, 2022 06:17 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thank you for the tag, Patricia Feager, MBA, CRS, GRI,MRP! Adam Feinberg, we would LOVE to have you come chat with us one Tuesday. Our meetings are informal but, very informative and we have a great time together during that hour. We could all learn a lot from you and would love to have you!

Patricia, I'm also of the mindset that we need to go back to teaching basic economics in high school and it should be a REQUIREMENT in both high school and college. We are working very diligently to be debt-free (including mortgages on properties we own) and, of course, continue to save, save, save. Our business is ever-changing and I vowed when the recession ended that I would never 'worry' about money again.

We are very fortunate to have an incredible financial planner. I am SO glad you left yours though. 

As always, wonderfully thought-provoking post, Patricia! Have a lovely weekend...

Jan 08, 2022 06:31 AM
Patricia Feager, MBA, CRS, GRI,MRP

Debe Maxwell, CRS - After reading Adam Feinberg comment very early this morning and replying back, I read his AR bio and was so impressed with his background on financial background! If only, I had a Teacher like him, I would have signed up for every class he taught. 


Debe, while you were busy reading and writing your comment, I was busy writing back to Kat Palmiotti about the same thing! Yes! basic economics is something I would vote for if I had anything to do with leadership in Teacher's Education and School Districts. I did go to a Business High School and took basic economics- but it was all about learning how to cook and keep a clean house! Learning to sew was an elective, and I never took that class. I thought to myself, better learn how to cook rather than sew. We ALL need better financial education and instructors who raise the bar in their expertise, instead of being reliant on YouTube videos which can be a hit or miss or not enough information. There's so much more to education and I'm of the opinion, many kids are on the wrong path because it's missing in schools and home life with parents who should teach their kids valuable lessons, just like Adam's father did. 

Jan 08, 2022 06:51 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - Coincidentally, I met up with a person I knew in my community from years ago. We were talking about education, in general and I mentioned I thought the school system and curriculums needed to be revamped without rewriting history but teaching the truth about life skills children needed when they grow up, such as checking accounts, savings, buying houses and renting, etc. We had a great conversation. I wish you could have been there to chime in with your ideas that are very needed in education today. For today's parents who have to work or don't have as much time to teach their children financial responsibilities, this could be a well received benefit to them for their future. 

Yesterday, I was with my client whose house is under construction and we talked a lot about education and sports. What a disservice it is to kids who participate in sports year after year after year and still can't read or write. I mentioned I ran across an obituary for someone I knew but landed on the Legacy Page and couldn't find that person, nor could I remember how to spell their last name, so I glanced at photos and names to see if I could find that person. Then,  I saw a face of a young boy without a smile. He was so young looking and I couldn't take my eyes off him. I decided to read more about him and there was a video posted about his life. Kat, it started out with photos of him as a baby with his parents. Then, as a little boy with hands barely big enough to hold a ball. As the years went by, there were photos of him with a bigger ball, bat and ball, soccer ball, basketball, football... and in every photo he wore the biggest smile. There was photograph of his room with all his awards and sport trophies and then he graduated. From then on he never smiled in photographs. There were no more pictures of him participating in sports. He was sad. I could see sorrow in his eyes and smiles did not exist. I don't know how he died, but he was only 30. It didn't mention what he did for a living or if he was married. I thought to myself, all those years in sports (something that didn't exist in my schools, meaning extracurricular activities), and I wondered. Was he able to hold down a job and live happily ever after High School or was there too much pressure? Of course, I don't know anything more than what I saw with out those smiles, jerseys, and different balls that kid tackled and played with. It does make you wonder and think, how much education is benefiting children today?

Jan 08, 2022 06:33 AM
Kat Palmiotti

Education as you point out is so much more than books. It's hands on experience and learning about many many things. Not just sports. Not just history. Not just one thing. From reading your comment, Patricia Feager, MBA, CRS, GRI,MRP I feel sad for that boy.

Jan 08, 2022 07:05 AM
Patricia Feager, MBA, CRS, GRI,MRP

Kat Palmiotti - "Hands on experience," is the best way to learn because we all learn differently and a kinaesthetic learner has to be actively engaged in learning or they get lost easily! I hated teacher's lesson plans because they forced kids to keep up to their agenda and it was very hard to catch up if you didn't learn with a hands on experience. Sorry to cause you to feel sad for that boy. It was awakening for me and I don't think a lot of people know the harm that comes to kids who aren't learning that education, like food has many different varieties, tastes, and textures. 

Jan 08, 2022 07:41 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

The goal of becoming debt free is a good one in life. Happy to say we enjoy that status.  There are enough surprises that come along and many require money, it's wonderful not to have to stress about how to manage it - especially at this age. Your posts are always filled with meaty thoughts to ponder. 

Jan 08, 2022 07:02 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Debb Janes EcoBroker and Bernie Stea JD - you're comments are good for my soul. You filled me up with joy! There's no better feeling as a home owner than to be debt free. I've happy to say, I have been one for about 15 years now and I haven't had a car payment for 13 years. Oh! What a feeling!!! I'm frugal and happy. 

Jan 08, 2022 07:09 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I like your selection of quotes. 

Have a great day and an outstanding weekend.

Jan 08, 2022 08:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Patricia... way back when (in the 1970's and 1980's) when one of my corporate responsibilities was the management of pension funds, I was taught a valuable lesson by one of our investment advisors. Essentially, he said to me that if an investment advisor can't explain their strategy and objective in three or fewer understandable sentences, fire them. He was right. 

Jan 08, 2022 08:44 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - Sage advice indeed! Also, if the investment advisor talks more about himself and when he was a famous football player and doesn't talk about you or anything related to why you're there, or can't answer your questions, exit as quickly as you can and terminate your agreement with this person. 

Jan 08, 2022 10:19 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia I don't think today's generation knows how to put a budget together.  In fact I don't think they even know what a budget is.

Jan 08, 2022 03:27 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

George Souto - sadly, I go to the grocery store and youthful sales clerks ask me what vegetables I am buying. They have no point of reference to what it is and I wonder, what do they eat? Pizza? Fast Food? I buy fresh milk from the Farm and go to the store for my $2.00 deposit on each glass bottle and they ask me, how much do I owe you. Yet, they drive fast cars, the most expensive trucks that I could never afford and they really don't know anything about money. I doubt they even know what a budget is. 

Jan 08, 2022 03:33 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia I do not believe I can convince Diane to leave especially the connections she made in our little 'hood' my fault...Endre

Jan 09, 2022 10:37 PM
Patricia Feager, MBA, CRS, GRI,MRP

Endre Barath, Jr. - when there's no place like home, it's hard to move. I understand. 

Jan 10, 2022 11:19 AM