One of the cool things about real estate sales as a career is that there is no limit on how much money you can make. Work hard and smart and you can build a six or even a seven figure income.
One of the not so cool things about real estate sales is that many salespeople are terrible at money management.
Making money is great but if you can’t keep it and build wealth it doesn’t have much value. Having wealth ensures your piece of mind, freedom, flexibility, quality of life, balance and a comfortable retirement. Building wealth is different than making money and it involves a healthy money mindset and an effective investment plan. The two main challenges to building wealth are: spending unnecessarily and investing poorly.
“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” –Edmund Burke
Many investment opportunities are brilliantly designed to benefit the other side, not you.
“The Stock Market is designed to transfer money from the Active to the Patient.” — Warren Buffett
I have the honor to speak to hundreds of real estate professionals each month and the saddest stories I hear are from agents who have had long successful careers but as they reach their wisdom years, they haven’t saved for their retirement. It breaks my heart and it is pandemic in our industry.
At The Nature of Real Estate, we work hard with our clients to ensure that they are making excellent decisions in their business strategy but equally important is their personal well-being and their financial Health. Without health and financial security, life is a grind with few rewards and many stresses and it always ends badly.
“Wealth is the ability to fully experience life”. –Henry David Thoreau