Hindsight is always 20/02 But the problem is you can only see what you understand. in example looking at struggling businessman coming out shining through a rough market, the person who does not understand business principles does not how he pulled it through. Versus a business knowledgeable person does know and can identify the principles that this struggling business person cling-ed to that help him through the rough market.
I just heard today about a 59 year old executive in the jewelery manufacturing business expressing fear that he will loose his job. He never bought a house because he was always afraid that if he might looses his job, where is he going to pay the mortgage from.
He never invested in real estate due to lack of knowledge of the real estate business.
He never invested in the stock marketdue to his lack of knowledge of the stock market.
You see the theme? He was always holding to his job and being good at what he was doing, but he wasn't growing,which brings us to the following financial principles.
Rich dad says: the difference between the poor and the rich is, The poor buy liability's, and the rich buy assets.
Owning your House is vital to your total financial picture the time to buy is now!
For Real estate financing advice please call me at 917.660.3630
or send me an email to Joel@joelsilberstein.com
Sincerely
Joel Silberstein
Certified Mortgage Planner, CMPS
The Silberstein Group
Brooklyn NY 11219
Although we are going through unprecedented times the basics financial principles have not changed.
•1. You actually have to qualify for a mortgage.
•2. You have to save up some money for a down payment. Lenders want you have a reason to work through hardships and not get dumped along with the house.
•3. The mortgage has to be properly planned because it does have the ability of robbing your life's savings.
•4. The mortgage has the ability to provide you with a comfortable retirement. Speak to your Certified mortgage Planner about that.
•5. Invest invest and keep investing. A down market will only increase your chances of hitting it big. it is called dollar cost averaging here is the technique from about.com
"Instead of investing assets in a lump sum, the investor works his way into a position by slowly buying smaller amounts over a longer period of time. This spreads the cost basis out over several years, providing insulation against changes in market price."
Strongest lesson is to see what the herd is doing and to do just the opposite. When nobody is buying Real Estate you buy.
When everybody is pulling out of the stock market due to fear, you do the opposite and start investing.
The idea is consistency and measured. Avoid fear and greed!
For more information on investing and equity management please contact me at
917.660.3630 or send me an email at joel@joelsilberstein.com.
Sincerely
Joel Silberstein
Certified Mortgage Planner, CMPS
The Silberstein Group
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Brooklyn, NY As a certified CMP and CMPS, I view the mortgage as an integral part to your financial health. A good plan can minimize your taxes and maximize security and allows wealth accumulation
Having been quite successful in Real Estate as an Investor, I joined the mortgage industry late 2004 right after the refinance boom. Recognizing that the mortgage is not an isolated transaction that will determine the profitability of the property but rather play's a larger role in the overall financial health of someones life.I then aligned my self with financial educators and financial planners in order to bring the most value to myself, partners and clients.
I Studied the robes and chains of finance and personal finance until I have become a financial educator and publisher. I am now a regular contributor of financial timely articles of community 50,000 members. I now advise and educate young people in my community on how to establish and manage their finance and well being.
My expertise is to advise partners and clients on structuring properly residential and commercial purchases while sustaining a state of liquidity and safety and maximizing their rate of return.
February 11, 2009 Dear Joel: I would like to express my thanks to you for the smooth and pleasant loan process you provided. I've been thru multiple closings with other mortgage brokers and your professionalism and expertise far exceeded my previous experiences. You went above and beyond, ensuring that all my questions and concerns were completely clarified throughout the entire process. Needless to say there were no hidden fees or unpleasant surprises at the closing. Each fee was clearly noted, and matched with what was communicated VIA the GFE prior to closing. Sincerely, R Lax ____________________________________________________________________________
Brooklyn NY
Dear Joel
I feel compelled to tell you that you treated me with the utmost respect, you are a respectable man!
M.R Attorney
Bayside Queens
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Dear Joel
I just wanted to let you know that you taught us much more then anybody we seen before you!
Thank you
Gf and MS
First time home buyers
Far Rockaway NY
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Dear Joel
You have been giving so much information about general finance I absolutely love it, I now forwarded it right away to my friends and colleagues
Thank you
KF
Foreclosure bail out
Atlantic Beach NY
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Joel
Thank a million, You are a true gentleman.
Chaim (Brooklyn)
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