Do you have the staying power to make it in this business
Welcome to another issue of "Do you have the staying power to make it in this business."
Congratulations Florida your housing market has started to move in an upward trend. In the last report on CNBC, Florida has started to see prices of Real Estate move upward. FINALLY!!! This week the market reportedly went up 1.3% which is good news for us all. Being Financial and Real Estate professionals, a much bigger movement would have been appreciated since the "bubble" popped with 20.8% losses we have had over the past months.
So what do we do?
Many of us have been very fortunate to have caught the "Wave" so to speak, when the housing market spiked to all time highs over the past 4 years. The Florida market will return, but we still need for our businesses to flourish to be able to make ends meet. Subsequently the housing marketing isn't the only reason why we are all feeling "The Money Crunch". No one person can say they are in a comfortable position with their money, even those that have made plenty in the past for the most part. What most people seem to have forgotten is that the cost of living in the United States has gone up substantially all the way across the board. The price of oil has skyrocketed to an all time high of $96.00/barral. This makes it very hard on everyone that has to commute more than 20 miles round trip to work. The weekly fuel consumption vs. cost has gone up at least $10.00-$15.00 per week. This may not be a staggering number to some people, however to 30% of American family's that earn $50,000 annually, are now just hoping that they don't get laid off from the factories they work at. Detroit, MI is a prime example of what happens when people can not meet their bills and factories slow down production levels reducing jobs. In the mortgage business alone how many of us knot's someone or personally been laid off due to Real Estate or Mortgage Company closings?
As Financial and Real Estate professional what do we do?
One of the keys to being successful in this arena of business is building an Oasis of report with your clients. They count on us to lead them through the pitfalls so that they can achieve Health, Wealth and Freedom. Why not show your clients how to accomplish a proven financial plan? One that introduces them to a concept that leads them to the ultimate goal of liquidity. What is Liquidity? Most of us have heard the saying but few understand what it means. It consists of having 6 months reserves available, being completely solvent and entirely debt free. Don't get me wrong! Many of you have seen several different programs to achieve this or even try various methods. But most or none are as powerful as what I want to share with you. I Myself as well as several colleagues have been doing extensive research and I have found a company that is true to achieving Health, Wealth and Freedom that every American citizen strives for and deserves.
Just recently three the world's giants in the financial, and health industry have united forces as WeXL Financial. Infinity Corporation, Aviva Insurance Company, Sydney Financial, and WeXL Solutions have been noticing this huge problem in today's economy. Their mission is to rekindle the "American Dream" and sprit of home ownership.
Nevertheless is paying off our homes going to place us into a position of Health, Wealth and Freedom. NO WAY!!! You have to be savvier than that with your money.
What about our families? Everyone wants to help out, but not all of them have the ability.
What about retirement? Everyone can agree that social security is a thing of the past and that in the future it will not be a way to live and pay your bills.
What if I get into a bad accident at work? Now I cannot support my standard of living for my family.
WeXL Financial places Homeowner's in a situation where they will be able to pay off a 30-years mortgage in as little as 10 years or less, and utilize a Lifetime Income Builder (LIB) - Equity Indexed Universal Life Policy by Aviva. For individuals who appreciate the safety and security features of life insurance but are looking for potentially better policy values, indexed universal life insurance could make an important contribution to their families' financial security. The policy provides death benefits, fixed interest, indexed interest and flexibility, may be the right choice for your client. The policy provides an opportunity to accumulate cash value based in part on the performance of the S&P 500 Index1, the Dow Jones Euro Stoxx 50 Index (Western Europe) and the Hang Seng Index (Hong Kong). One very important key is WeXL Financial shows the homeowner what their "Freedom Bar" is and how to achieve it with little to NO spending habit changes.
What you may ask is a "Freedom Bar?" Well it is very easy to explain. You see the "Freedom Bar" that represents the amount of money and assets you need to accumulate to be free from work and debt. This is a direct reflection of the lifestyle you desire upon retirement. WeXL Financial understands that social security is a thing of the past. As we get older, Social Security benefits for the elderly is continuously getting lower and lower. So why not position yourself with the biggest investment you can have for retirement. YOUR HOME! It's simple through the WeXL Financial Plan, to have your home pay you for living in it.
To receive more information about this great Financial Plan visit my TV presentation.
Article by David Resendes
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