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Surviving In A Down Market

By
Real Estate Agent with 1st Cornerstone Realty

With today's financial market, a lot of people are facing foreclosures, unemployment, and bankrupties.  There have always been a few basics rules that I've followed in my real estate and mortgage career. 

I've had the power of 3-D working for me and this is how it looks:

I have 3 professions that I can rely on in order to make money.  1) Consultant for Microsoft technologies 2) Real Estate Broker 3) Mortgage Loan Originator.  I love doing all of my jobs.  Fortunately for me I've paid my house off years ago along with my car, so I'm not facing foreclosure like a number of people out there. 

Diversifying your skills only makes you a more valuable person no matter what career you choose.  As long as you LOVE what you do, like me, then there's nothing or no one that can hold you back.

Challange yourself to the task of self improvement.  If you don't do it, then no one else will do it for you. 

I will end this post by telling you about an email I just received.  One of my co-workers who is 58 years old has been with my consulting company for years and years.  He was planning on retiring from the company.  Last week someone came to his desk and informed him that his services were no longer needed.  He lost his health insurance and he lost the luxury of retiring from a company he put his whole life into.  Now he's trying to find work in the IT industry  but its an up hill battle because of his "circumstances".  I had seen this exact senario happen at the start of my career.  I realized early that if a company would treat a dedicated employee that way, then guess how they would they treat me?

Dean Moss
Dean's Team - Keller Williams Realty Partners Chicago IL - Chicago, IL
Dean's Team Chicago IL Real Estate Team

Greg -

These days, your strategy to diversify your skills is key, and will protect you from downturns in the RE market.  Many have failed this year because they put all of their eggs in one basket - then, the basket crashed to the floor.

BTW - I don't know why AR posted your Cal City listing multiple times - you might want to check this out.

Good to talk with another Chicagoan - Go Cubs, and, now Go Sox!

DEAN & DEAN'S TEAM CHICAGO

Sep 30, 2008 03:09 PM
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Greg, you had a plan and followed it.  There is no security in the work force especially if you live in an "employment at will" state.  Executives in these states can let employees go without cause.  They often expect loyalty from their employees but give very little back.  Ohio is an "employment at will" state and dedicated employees have suffered the same events that adversely affect their lives.

Oct 02, 2008 07:30 AM
Alonzo W.
Primetime INVESTOR - Alta Loma, CA
Mortgage Broker

Greg contact me , lets talk business and the economy, i have something i want to share

Nov 25, 2008 06:31 PM