9 Burst results for "Forty Six Thousand Four Hundred Dollar"

Red-hot US housing market: January new home sales jump 4.3%

AP News Radio

00:42 sec | 2 months ago

Red-hot US housing market: January new home sales jump 4.3%

"New home sales figures for January show housing remains one of the strongest segments of the economy demand for new homes surged four point three percent in the U. S. this January according to the commerce department the annual adjusted rate nine hundred and twenty three thousand is stronger than economists were expecting sales of new homes are nineteen point three percent higher than they were last year at this time Robert Frank an economist with navy federal credit union says sales would've been higher if builders could build faster the median price of a new home sold in January was three hundred forty six thousand four hundred dollars persistent demand at low interest rates have pushed prices by percent higher from a year ago outpacing wage gains and the cost of labor and materials like lumber is also rising I'm Jennifer king

Commerce Department Robert Frank Navy Federal Credit Union Jennifer King
"forty six thousand four hundred dollar" Discussed on WJR 760

WJR 760

06:43 min | 1 year ago

"forty six thousand four hundred dollar" Discussed on WJR 760

"Upon that information and that's how we've been approaching this market for well eleven going into our twelve years now and pretty much the philosophy of the business in forty eight countries where we have campuses excuse me forty eight campuses in a country got there we had forty eight campuses in eight countries are we gonna do about it we have been in Singapore Jakarta we got over it in Toronto Vancouver this was the older of Saudi Arabia a little bit of Nashville in Salt Lake City so we got cameras all we're growing one because we really work hard to make sure that our students are engaged with this because there's so many misconceptions out there that really really anger me to some great degree I I see people taking advantage of day in day out when they come in they've worked hard they put these dollars away and and then you see that they're not getting the kind of returns they should be getting for their pain well when I was a kid my dad said education will always be the thing that helps you get it I use and get an eighth grade education everyone we was eleven years old and was a construction labor form it but he was pretty much a stickler I said something that can't be taken away from you and I found out in the financial world that's true you can't be taken away from you and it allows you to move forward there are some people are so many a Roni is thought you there was an article by Kerry pawn marketwatch said young people blamed climate change for their small for one K. balances this is to me ridiculous is as many young people today think civilization may not exist when there are retirement age age of the so so they're not putting their money in in in any type of account in this is that is that is causing some problems you the other one is middle class incomes you know last year in in there was an article in the in the free press and it said that incomes in Michigan one of one point eight percent everyone E. aid but he kept reading the article it says when adjusted for inflation this is actually the twenty eighteen twenty eighteen was a cook the one twenty percent we adjusted for inflation it's a they were the same they were less they when they were then that was in two thousand and seven so what does that mean that means that your income you're getting more dollars but your wealth is going down ray Dalio one of the founders of of Bridgewater associates when the largest management mention from that there he's really concerned about all this believe it or not he was done with the fact that wages for the majority of Americans have been stagnant since nineteen eighty he said those who grew up in the middle class earning less are earning less than their parents there is this income gap is out there now I'm not blaming economies in the play me I I all I'm saying is that there's things that you and I can do that'll help us do what overcome they likely but it's not with wall street's telling you to do with that with these people who are saying they're going to manage your money I tell you what to do you know the this exciting call the Delmar study they look at the individual investors there twenty fourth year and they did a study that's a from nineteen ninety seven to twenty seventeen the S. and P. five hundred index averaged seven point two percent per year they want to say the average equity investor however had a return of only five point two nine percent per year in most people pay somebody to manage their money this is a west index funds well keep in mind we would talk about manage money and then manage money here but here's the important thing here the average inflation rate during that period of time was two point one five percent that means that the actual investor just got three point one four percent a year to put their money at risk that that's the reality of it and this is by an old concept which told you don't worry about stuff like that but let's use math let's starts in two thousand and two you have a hundred thousand dollars and you put a hundred thousand thousand come that account each ten percent well in two thousand three to be a hundred and ten thousand dollars in two thousand and four to be a hundred twenty one thousand two thousand five hundred thirty three thousand one hundred dollars a power of compounding interest right two thousand and six a hundred forty six thousand four hundred dollars in two thousand and seven five years later you got a hundred and sixty one thousand dollars congradulations but if you just bought and held it as as index fund if you to stay in the market whatever was you know what happened in two thousand and eight the market crashed but fifty plus percent which is used fifty that a hundred sixty one thousand dollars now becomes eighty thousand five hundred Bucks and at that ten percent it's gonna take you seven and a half years to break even pros do not take major losses because major losses will occur again and again and again and again here's an article from the journal December of last year I got used to say in that December of last year and if this option traders put their money on stack re treat but the call options the best kept secret on Wall Street hi what are options Wilder derivative market that can be traded on many different underlying asset classes most common ones stocks some futures index options which would allow you to do do stuff on the S. and P. five hundred in the light trading contracts typically a hundred shares per contract traded on exchanges similar to other exchange traded markets in the beauty this it provides a multi dimensional approach to market directly to market with direction time in volatility in the component you look at the server something which might be refuge called swing in position trading that's for people who want to be day traders I don't want to sit from the screen but they want to protect and they want to build you know there's a way using options did you get paid not to own a stock you know there's a way using options that someone will pay you now to buy stock from you in the future that you're already on did you know that these are all the types of things that you can do once you understand how to do it and people don't need a huge account for this I do accounts for about five ten thousand dollars most brokerage houses it educated trader investor would understand how to put the appropriate account size together for what they want to accomplish this is great for traders who have large wealth accounts because liquid with a kitchen ideal option trader someone looking for monthly income a quarterly growth and wealth accounts someone who has wealth to protect someone was lacking flexible in their retirement accounts and they're looking to head you enhance returns an equity position someone to work full time and desires that type of swing trading where they have to they'll be sitting there to be sitting in from the screen all that well this is important stuff because the market's gonna come down and we don't want you to give the money back and you don't want to give it back you know you work hard to pay.

"forty six thousand four hundred dollar" Discussed on WJR 760

WJR 760

08:31 min | 1 year ago

"forty six thousand four hundred dollar" Discussed on WJR 760

"Welcome back in the online training John Bob William host a we're talking about stuff that is elements in the markets that we're in right now monitor all time high just a reality in in but if you met a lot of money but a lot of people can give it back we keep getting what we hear from Wall Street about this long term perspective well this was an article it was written for Forbes magazine by a guy named rob is bits just senior contributor Forbes and any this was from November nineteen for a little while back and said the S. and P. five hundred long term return is mediocre now you're being told how this is such a great return right where you're ready for this he in the article says well what do you think is the annualized return of the S. and P. five hundred including dividends over the past twenty years eight percent ten percent fifteen percent try four point five percent he actually shows the chart so over a twenty year period of you just bought an index fund and sat there you wonder perform the market Neil with you there aren't for you you want to perform your lifestyle you were getting you wore at the market in the market then get it done for you when I've been told that we can't turn the market that we can't beat the market what if you could be four point five percent you'd be in trouble and why is it that will be not because it doesn't go up look we were not close to what four hundred percent the problem is people give the money back is because this by an old concept buy and hold is a theoretical methodology that's just the reality I what they use they use dynamically compose investment indexes this is like a five letter to support the case but if you look at that a twenty year period set of a thirty year pre what didn't turn out so well so they can manipulate that to do what they want to do and and by and holds a purely offense went into infested offensive investment strategy it ignores the defensive half of the investing equation which is risk management look we just went back to nineteen hundred and we talked about how the market almost every three five six seven years ten years drops forty percent your Newton's third law from reaction is equal lapse of reactions management of one percent of what you think it's going to drop so do you want an investment strategy that only works when the market goes up it's like having a football team would know defensive unit to say well that's ridiculous with that's what you're doing here how can buy and hold makes sense when it's only one half of a complete investment strategy it implies that risk is something to be accepted you know what we say it online trading can we risk is something to be controlled to manage to minimize let's talk about one of greatest capitalist wealthy men of all time J. Paul Getty said here's what he said quote if you want to make money really big money do what nobody else is doing buy when everyone else is selling it hold until everyone else is buying this is not merely a catchy slogan it is the very essence of successful investing in that's true because if math works buy and hold doesn't work let's say it's two thousand and two when you get a financial planner and you take a hundred thousand though as they say let me get get ten percent a year well that's not too shabby let's forget about fees or taxes let's just talk about growth in two thousand three that a hundred ten thousand dollars in two thousand four you've got a hundred and twenty one thousand dollars in two thousand five hundred thirty three thousand one hundred dollars in two thousand and six it's a hundred forty six thousand four hundred dollars and in two thousand and seven it's a hundred and sixty one thousand dollars the magic of compounding interest right but now what happened in two thousand is the market crashed let's say Chris fifty percent with more than that let's just fifty that means you're a hundred sixty one thousand dollars is now eighty thousand five hundred dollars and for you to get back to even to the hundred sixty one thousand dollars is gonna take you seven and a half years that that ten percent that's why these return their solo what about all of the great investors a buy and hold they may say one thing what they do another you are the two greatest passive components of passive investment investment once Paul Samuelson he was can the founder of the granddaddy of index funds the other was Warren Buffett both of them made their money to actively managing positions in the market place here is an article from August of this year in Bloomberg buffet steers clear of buying stocks so you're told a dollar cost average you're told is by regardless of what the prices not buffet Berkshire was a net seller of equities another words was selling more he was taking profits and what's he doing with those five he's got him on the sideline right now Warren Buffett has a hundred twenty two billion dollars on the sideline and people say well that's just now Bobby's always and by an old in ninety eighty and fifteen billion dollars in the silence in two thousand four yet forty three billion dollars on the sideline he's also a big player of options he's he wants and options are the best kept secret on Wall Street we talk significantly with their students while an option strategy can benefit them you may say well options pretty cavalo or they can be but that doesn't mean they have to be options could be something as quick and simple is selling them in generating premium that's actually one the classes that we have in our country to give its called strategic investor what we work with people who want to generate learn to generate short term income and we work with people on a project long term wealth and we've been doing it for twenty two years with a core strategy that the US government gave us up and down this is the reality of who we doing what we what we are what we do we've been attended telegraph now which is one of our forty eight campuses worldwide we've been at ten and telegraph was going into our eleventh year and a significant amount of our students come from W. J. R. in the short period of time we've been on this station we've got incredible returns on the time we spend here because people at this station are engaged that's why you listen to W. J. R. because you get information that can enhance your lifestyle and that's what we're talking about here imagine for one second give you to lose money in two thousand and two thousand eight would you like to be like right now imagine if instead of paying those two three percent fees every year to somebody whether they make you money losing money you put that in your pocket how different would that be over a period of time then imagine this imagine a place where you could get together with a like minded individuals people just like you want to increase their wealth to improve their lifestyle a place to give the access the strategies technology and expertise a place with the markets are the mystery but an opportunity that place exists attended telegraph in forty seven other campuses around the world and it's existed for twenty two years not a hotel seminar company not get rich quick not CD's or books with a methodology that could change your life look chances are you remember what happened in two thousand eight the Dow Jones fell fifty percent plus in just seventeen months when the most painful market corrections in recent memory it took the market forty a month to recover what about the two thousand tech bubble that crash what look as good as we've said to be worse the nasdaq lost seventy five percent of its value in just twenty three months it took over twelve years to regain its pre crash P. if you're like most people you promise yourself you never put your investments in that position again no one knows exactly when the next major market correction going to cripple we know what's going to occur we've been in a ten year of Trent volatility what we know we know that professional traders and investors on the volatility creates opportunity for those with the proper skills and online trading academy we focus on practical step by step training our students are taught how to trade like the proles while under the guidance of an experienced trader investor that's where we keep our classes small starting with our power trading workshop these are about three three and a half hours long I've got some coming up and it's free to you what's it worth to you well how much did you lose in two thousand two thousand and eight how much you're paying fees I would go to the wow much I..

John Bob William
"forty six thousand four hundred dollar" Discussed on WJR 760

WJR 760

01:42 min | 1 year ago

"forty six thousand four hundred dollar" Discussed on WJR 760

"Steers clear of buying stock Berkshire was a net seller of equities so far this year white now Warren buff is it is on the sideline with a hundred and twenty two billion dollars in cash it's not just now in two thousand and four he had forty three billion dollars on the side and cash in nineteen ninety eight he had fifteen billion dollars in silent in cash on the sidelines why he knows there's a time to buy in there's a time to sell buy and hold doesn't work let me give you some math to prove it let's say you have a hundred thousand dollars and you're gonna get a ten percent return over the next five years when you're first you you got a hundred and ten thousand dollars your second year you have a hundred twenty one thousand dollars your third year because of compounding interest got a hundred thirty three thousand one hundred dollars your fourth year a hundred and forty six thousand four hundred dollars in in the in the fifty year all hundred and sixty one thousand dollars now if the market drops fifty percent people say that'll never happen Wall Street journal said most Americans lost forty percent of net worth between two thousand seven in two thousand and ten most Americans lost money in two thousand and two thousand eight we've had two major downturns in the first thirteen years of the century the first one was forty nine percent the second one fifty was fifty seven percent over fifty percent let's see we have the fifty percent downturn that one hundred and sixty one thousand dollars now becomes eighty thousand five hundred and it's gonna take you seven and a half years to build back up to that one hundred sixty one thousand at ten percent a year does that make sense because Timothy Middleton writing for Elks magazine a magazine.

Berkshire Warren buff Wall Street journal Timothy Middleton Elks magazine fifty percent sixty one thousand dollars ten percent hundred thirty three thousand forty six thousand four hundre hundred twenty one thousand do forty three billion dollars twenty two billion dollars hundred thousand dollars fifteen billion dollars ten thousand dollars fifty seven percent forty nine percent thirteen years forty percent
"forty six thousand four hundred dollar" Discussed on WJR 760

WJR 760

03:39 min | 1 year ago

"forty six thousand four hundred dollar" Discussed on WJR 760

"The recommendation that you should buy stocks and bonds regardless of price in hold on to them forever he calls it a lab perspective on investing he says there's no such thing is buy and hold buy and hold is contingent upon you doing what getting it at the right time and getting out of the right time let's use some math to prove it was so you have a hundred thousand dollars and you're going to get ten percent a year what's it look like in five years well in your one you live a hundred and ten thousand in year two we live a hundred twenty one thousand in year three you'll have a hundred thirty three thousand one hundred in here for you have a hundred forty six thousand four hundred dollars in your five congratulations you've got a hundred and sixty one thousand dollars you know the market fell fifty percent almost fifty percent in two thousand and eight so that fifty percent drop happens again that one hundred sixty one thousand becomes eighty thousand five hundred dollars and if that takes same ten percent that you've been getting for the last five years well guess what it's gonna take you seven and a half years to build back to where you were that's the reality of by an old that doesn't work in mutual funds we talk about diversification through mutual funds according to Morningstar in twenty fifteen the average U. S. equity mutual fund had a hundred and seventy once facts and so they said we're gonna put in a cross selection folks ones won't even ten funds you might have a lot of what overlay that's just the reality plus the fund isn't there based upon what you need to do when your life it's based upon what the fund manager needs to do and that brings us to costs they're incredible twelve B. one fees amis can be really expensive let's say you have a million dollars and if you go I have twenty years to invest will stick with that ten percent if the annual expenses are two percent which would be low we see people that come in they're paying their planner point a half point seven five and then they were neutral funds of the sum of mutual funds are two two and a half percent it's incredible what they're into them in a no load fund no such thing is that twelve be there's that twelve beach will let ten percent of the two percent expenses that one million dollars over twenty years ago was four million six hundred sixty thousand nine hundred fifty seven dollars congratulations but imagine this that same million dollars that same twenty years that same ten percent now the expenses are cut in half but disappear just cut in half from two percent to one percent set of four million six hundred sixty thousand nine hundred fifty seven dollars you got five million six hundred four four hundred eleven Bucks you just paid yourself almost a million dollars to manager well how valuable is that what would you be willing to do to put that money in your pocket as opposed to a broker financial but the person pocket so what a difference mutual funds are not that beneficially something called exchange traded fund lot more beneficial mutual funds only trade once a day which women's liquidity and protection ETFs exchange traded funds a bucket of stocks like a mutual fund but the trade like a stack which means you can manage risk with that you can you stop losses you can use options to protect yourself you can use our options to generate income an ETF exchange traded for you kid on a mutual fund lower fees on the GF than the than the hidden fees on the mutual fund mutual funds only good enough markets in exchange traded funds they have what's called inverse ETFs that can help you make money when markets go down this this is the reality you can use margin with exchange traded funds once you know what you're doing you know.

ten percent million dollars fifty percent twenty years two percent four million six hundred sixty five years hundred forty six thousand fou eighty thousand five hundred d sixty one thousand dollars hundred thousand dollars one million dollars one percent
"forty six thousand four hundred dollar" Discussed on Biz Talk Radio

Biz Talk Radio

07:22 min | 2 years ago

"forty six thousand four hundred dollar" Discussed on Biz Talk Radio

"And and in here from my listeners because I to really dig in and answer some questions, and then take maybe, you know, solo segment here and there to dive into diving the topics that I find are really important, or at least topics that I feel are coming up over and over again in my Email that are really important one subject one such topic recently has been real estate agents becoming real estate investors, and what's funny about that topic is I've written a book about it called make it rain. The first chapter of this book is available for download at sink realty radio dot com. Once you sign in you can download the free resource in the resources section at the top right to make sure that you go ahead and do that again the name of. My book is make it rain. And I wrote it because of a challenge that I had because of a challenge that I had it's funny. My my producer Isaac is making a he's he's doing the doing the hand motion making it rain, and I feel like real estate agents need to do more to make it rain. Here's why when I had I do a lot of traveling nationally. And I connect with a lot of real estate investors and real estate agents during the think realty conferences, and the other conferences I attend keynote speaker at sometimes I'm I'm a panelists there as well. And I'm always asked ham, a real estate agent Hardaway make more money. So I'm dedicating the next few minutes to you the real estate agent to you the business owner that's thinking about becoming a real estate agent. And how you as a real estate agent, effectively can make it rain. Now, if you are real sedation, generally, I'm assuming your Facebook and Instagram feed is a really full of different motivational things, and this and that and the other there was one that I ran across recently that said real estate is a numbers game show up and prospect and the rewards are yours. So here's the thing though. It real estate is a numbers game. The numbers are pretty depressing right now. According to the national association of realtors there were approximately two million real estate agents in the US and twenty sixteen and according to the bureau of labor statistics there are four hundred forty four thousand one hundred agent jobs in the US. So what does that tell us? The means that for every licensed working agents there are three agents there three agents who are either unable or unwilling to find work in the field. That's kind of interesting, right? Kind of a little bit of a dismal number. But let's look at the numbers for those agents who are actually working the average salary, according to the bureau of labor statistics for real estate agents in two thousand sixteen was a staggering forty six thousand four hundred ten dollars per year. Which they translate into an hourly salary of twenty dollars thirty two cents per hour based on a forty hour workweek now. Your real estate agent. And let me ask you this. What active agent works only forty hours a week? I mean, are you kidding y'all work so many more hours than forty hours a week if it trying to sustain and grow real estate business? I mean, you're working seven days a week. You're going to conferences the on conference calls, you're handling marketing. I mean, you have late nights doing marketing lead generation client communications, sending emails back and forth following up, showings appointments paperwork. Inspections closings meeting with investors meeting with you. You get the drift here. So I mean, the then, of course, there the expenses for continuing education, you'd licensure you've association fees equipment. You've got paid leads advertising. You got a boost posts on Facebook. So you're forty six thousand four hundred dollar yearly yearly amount that you're making. The the income is looking more and more and more like a minimum wage. Let's be real right? Like, that's what's happening. So how do you turn this around? Here's something else. Perhaps is this may be why the failure rate within five years for real estate agents hovers around eighty five percent. With some estimates coming in as in as high as ninety five percent. How's that for compelling number? But we've seen successful real estate agents to we know they're out there. I know that they're out there you're out there. What are you doing differently? How some real estate agents killing it financially in real estate while others get ba- get left behind. What can you do as a real estate agents as a real estate agent, creating a business that creates wealth for you in a way that self sustaining? So you're not working so hard for so many hours for so little. So think about why you got into real estate to begin with challenge you with that question was it because you wanted to work with buyers and sellers only. I mean, I'm sure that was part of it. You wanted something that's dynamic. You wanted to be able to drive around and see different neighborhoods and connect with different people. I think that's awesome. But I definitely guest that very few agents. Go into real estate expecting to make the forty six thousand dollars a year figure that I just mentioned. For most of the promises that with a few years of work. They can build a business. And be proud of that business that you building in a one that will afford them a luxury lifestyle similar to that you find on some of these million dollar listing HDTV shows, and then of course, there's a whole industry of coaches and consultants marketing gurus that reinforced that idea right with the right system were the right platform or enough work you can to become a top producer. And I firmly believe that. So why are few real estate agents finding financial size financial success in real estate? I don't know why. I'm stumbling over my words here why are so many as many as ninety five percent leaving the for leaving the business within the first five years of their career? You know for me. I think a lot of this is not understanding the power that you have is a real estate agent, you'll have more access the data than I do as a real estate investor. That's not a licensed agent. You can use these data points to your benefit. Why aren't you? Or maybe you are. And you know, you can tell me to go jump in a lake. That's fine. Email me, it's super super easy. Abu Dhabi goal, heart dot com. Shoot me an Email. I promise I I'd love to have that conversation. But for those of us now for those of you real estate agents, you have the data. Do you know which markets are cooling off which markets are gaining strength and starting to get hot. And you also have the ability to walk into city hall and say, hey, I'm a real estate agent here in the in the in the area, and I want to know what's going on like where are the next where the next neighborhoods being built what are some initiatives that the city has in place over the next ten or fifteen or twenty years. One of the biggest things that I talk about in my book.

Facebook producer Abu Dhabi Isaac US national association of realto bureau of labor business owner ham Hardaway Instagram ba ninety five percent forty hours five years forty six thousand four hundre
"forty six thousand four hundred dollar" Discussed on Biz Talk Radio

Biz Talk Radio

05:55 min | 2 years ago

"forty six thousand four hundred dollar" Discussed on Biz Talk Radio

"In you can download the free resource in the resources section at the top to make sure that you go ahead and do that again. The name of my book is making. It rain, and I wrote it because of a challenge that I had because of a challenge that I had it's funny. My my producer Isaac is making. He's he's doing the doing the hand motion making it rain, and I feel like real estate agents need to do more to make it rain. Here's why when I had I I do a lot of traveling nationally. And I connect with a lot of real estate investors and real estate agents during the think realty conferences, and the other conferences I attend keynote speaker at sometimes I'm panelists there as well. And I'm always asked. Hey, I'm a real estate agent. How do I make more money? So I'm dedicating the next few minutes to you the real estate agent to you the business owner that's thinking about becoming a real estate agent. And how you as a real estate agent. Effectively can make it rain. Now, if you are real estate agent, generally, I'm assuming your Facebook and Instagram feed is a really full of different motivational sayings, and this and that and the other there was one that I ran across recently that said real estate is a numbers game show up and prospect and the rewards are yours. So here's the thing though. It really does the numbers game. The numbers are pretty depressing right now. According to the national association of realtors there were approximately two million real estate agents in the US and twenty sixteen and according to the bureau labor statistics there are four hundred forty four thousand one hundred agent jobs in the US. So what does that tell us? The means that for every licensed working agents there are three agents their three agents who are either unable or unwilling to find work. Work in the field. That's kind of interesting, right? Kind of a little bit of a dismal number. But let's look at the numbers for those agents who are actually working the average salary, according to the bureau of labor statistics for real estate agents in two thousand sixteen was a staggering forty six thousand four hundred ten dollars per year. Which they translate into an hourly salary of twenty dollars thirty two cents per hour based on a forty hour workweek now. Your real estate agent. And let me ask you this. What active agent works only forty hours a week? I mean, are you kidding y'all work so many more hours than forty hours a week if you're trying to sustain and grow real estate business? I mean, you're working seven days a week. You're going to conferences the European conference calls, you're handling marketing. I mean, you have late nights doing marketing lead generation client communications, sending emails back and forth following up, showings appointments paperwork inspections closings meeting with investors meeting with you get the drift here. So I mean, the then of course, there the expenses for continuing education us licensure you've association fees equipment. You've got paid leads advertising. You got boost posts on Facebook. So you're forty six thousand four hundred dollar yearly yearly amount that you're making. The the income is looking more and more and more like a minimum wage. Let's be real right? Like, that's what's happening. So how do you turn this around? Here's something else. Perhaps is this. Maybe why the failure rate within five years for real estate agents hovers around eighty five percent. With some estimates coming in high as high as ninety five percent. How's that? For a compelling number. But we've seen successful real estate agents to we know they're out there. I know that they're out there you're out there. What are you doing differently? How're some real estate agents killing at financial in real estate while others get get left behind. What can you do as a real estate agents as a real estate agent, creating a business I creates wealth for you in a way that self sustaining? So you're not working so hard for so many hours for so little. So think about why you got into real estate to begin with challenge you with that question was it because you wanted to work with buyers and sellers only. I mean, I'm sure that was part of it. You wanted something that's dynamic. You wanted to be able to drive around and see different neighborhoods in connect with different people. I think that's awesome. But I definitely guest that very few agents. Go into real estate expecting to make the forty six thousand dollars a year figure that I just mentioned. For most a promise is that with a few years of work. They can build a business and be proud of that business that you building in a one that will afford them a luxury lifestyle similar to that you find on some of these million dollar listing HDTV shows, and then of course, there's a whole industry of coaches and consultants marketing gurus that reinforced that idea right with the right system where the right platform or enough work you can to become a top producer. And I firmly believe that. So why are few real estate agents finding financial size final financial success in real estate? I don't know why. I'm stumbling over my words here why are so many as many as ninety five percent leaving the for leaving the business within the first five years of the real say career? You know for me. I think a lot of this is not understanding the power that you have is a real estate agent you'll have more access to data than I do as a real estate investor. That's not a licensed agent. You can use these data points to your benefit. Why aren't you? Or maybe you are. And you know, you can tell me.

Facebook producer Isaac US national association of realto bureau of labor business owner Instagram ninety five percent forty hours five years forty six thousand four hundre forty six thousand four hundre forty six thousand dollars eighty five percent million dollar
"forty six thousand four hundred dollar" Discussed on Biz Talk Radio

Biz Talk Radio

06:22 min | 2 years ago

"forty six thousand four hundred dollar" Discussed on Biz Talk Radio

"When I connect with awesome, investors, fear from my listeners because I really dig in and answer some questions, and then take maybe a solo segment here and there to dive into sit dive into topics that I find are really important, or at least topics that I feel are coming up over and over again in my Email that are really important one subject one such topic recently has been real estate agents becoming real estate investors, and what's funny about that topic is I've written a book about it called make it rain. The first chapter of this book is available for download at sink realty radio dot com. Once you sign in you can download the free resource in the resources section at the top. Right. So make sure that you go ahead and do that again. The name of my book is make it rain and. I wrote it because of a challenge that I had because of a challenge that I had it's funny. My my producer Isaac is making. He's he's doing the doing the hand motion making it rain, and I feel like real estate agents need to do more to make it rain. Here's why when I had I I do a lot of traveling nationally. And I connect with a lot of real estate investors and real estate agents during the think realty conferences in the other conferences, I attend keynote speaker at sometimes I'm I'm a panelists there as well. And I'm always asked ham real estate agent. How do I make more money? So I'm dedicating the next few minutes to you the real estate agent to you the business owner that's thinking about becoming a real estate agent. And how you as a real estate agent, effectively can make it rain. Now, if you are real estate agent, generally, I'm assuming your Facebook and Instagram feed is a really full of different motivational things and this and that and the other there was one that I ran. Across recently that said real estate is a numbers game show up and prospect and the rewards are yours. So here's the thing though. It real estate is a numbers game. The numbers are pretty depressing right now. According to the national association of realtors there were approximately two million real estate agents in the US in two thousand sixteen and according to the bureau of labor statistics there are four hundred forty four thousand one hundred agent jobs in the US. So what does that tell us? The means that for every licensed working agents there are three agents there three agents who are either unable or unwilling to find work in the field. That's kind of interesting, right? Kind of a little bit of a dismal number. But let's look at the numbers for those agents who are actually working the average salary, according to the bureau of labor statistics for real estate agents in two thousand sixteen was a staggering forty six thousand four hundred ten dollars per year, which they translate into an hourly salary. Of twenty dollars and thirty two cents per hour based on a forty hour workweek now. Your real estate agent. And let me ask you this. What active agent works only forty hours a week? I mean, are you kidding y'all works so many more hours than forty hours a week if it trying to sustain and grow real estate business? I mean, you're working seven days a week. You're going to conferences you're on conference calls, you're handling marketing. I mean, you have late nights doing marketing lead generation client communications, sending emails back and forth following up, showings appointments paperwork inspections closings meeting with investors meeting with you get the drift here. So I mean, the then of course, there the expenses for continuing education us licensure you've association fees equipment. You've got paid leads advertising. You got boost posts on Facebook. So you're forty six thousand four hundred dollars yearly yearly amount that you're making. The the income is looking more and more and more like a minimum wage. Let's be real right? Like, that's what's happening. So how do you turn this around? Here's something else. Perhaps is this may be why the failure rate within five years for real estate agents hovers around eighty five percent. With some estimates coming in his in his highs ninety five percent. How's that for compelling number? But we've seen successful real estate agents to we know they're out there. I know that they're out there you're out there. What are you doing differently? Howard some real estate agents killing it financially in real estate while others get get left behind. What can you do as a real estate agents as a real estate agent, creating a business that creates wealth for you in a way that self sustaining? So you're not working so hard for so many hours for so little. So think about why you got into real estate to begin with challenge you with that question was it because you wanted to work with buyers and sellers only. I mean, I'm sure that was part of it. You wanted something that's dynamic. You wanted to be able to drive around and see different neighborhoods and connect with different people. I think that's awesome. But I definitely guests that very few agents go into real estate expecting to make the forty six thousand dollars a year figure that I just mentioned. For most of the promises that with a few years of work. They can build a business. And be proud of that business that you building in a one that will afford them a luxury lifestyle similar to that you find on some of these million dollar listing HDTV shows, and then of course, there's a whole industry of coaches and consultants marketing gurus that reinforce that idea. With the right system where the right platform or enough work, you can become a top producer. And I firmly believe that. So why are few real estate agents finding funniest financial success in real estate? I don't know why. I'm stumbling over my words here Mars, so many as many as ninety five percent leaving the leaving the business within the first five years of their career for me. I think a lot of this is not understanding the power that you have is a real estate agent. You have more access the data than I do as a real estate investor. That's not a licensed agent. You can use these data points to your benefit. Why aren't you? Or maybe you are. And you know, you can tell me to go jump in a.

Facebook bureau of labor producer Isaac US national association of realto ham business owner Instagram Howard ninety five percent forty hours five years forty six thousand four hundre forty six thousand four hundre
"forty six thousand four hundred dollar" Discussed on WAFS Biz 1190

WAFS Biz 1190

07:38 min | 2 years ago

"forty six thousand four hundred dollar" Discussed on WAFS Biz 1190

"Realty radio is back with hosted real estate investment. Pro AVI goal. Think realty nation is AVI were back from the break. Thank you so much for joining us again in sticking through the shelf for me. It's always amazing when I connect with awesome investors, and and in here from my listeners because I get to really dig in and answer some questions, and then take maybe solo segment here and there to dive into sit dive in the topics that I find are really important, or at least topics that I feel are coming up over and over again in my Email that are really important one subject one such topic recently has been real estate agents becoming real estate investors, and what's funny about that topic is I've written a book about it called make it rain. The first chapter of this book is available for download at sink realty radio dot com. Once you sign in you can download the free research. Source in the resources section of the top right to make sure that you go ahead and do that again. The name of my book is make it rain and. I wrote it because of a challenge that I had because of a challenge that I had it's funny. My my producer Isaac is making a he's he's doing the doing the hand motion making it rain, and I feel like real estate agents need to do more to make it rain. Here's why when I had I do a lot of traveling nationally. And I connect with a lot of real estate investors and real estate agents during the think realty conferences, and the other conferences I attend keynote speaker at sometimes I'm I'm panelists there as well. And I'm always asked, hey, I'm a real estate agent. How do I make more money? So. I'm dedicating the next few minutes to you the real estate agent to you the business owner that's thinking about becoming a real estate agent. And how you as a real estate agent, effectively can make it rain. Now, if you are real estate agent, generally, I'm assuming you're Facebook and Instagram feed is a really full of different motivational sayings, and this and that and the other there was one that I ran across recently that said real estate is a numbers game show up and prospect and the rewards are yours. So here's the thing though. It real estate is a numbers game. The numbers are pretty. Depressing right now, according to the national association of realtors there were approximately two million real estate agents in the US in twenty sixteen and according to the bureau of labor statistics there are four hundred forty four thousand one hundred agent jobs in the US. So what does that tell us that means that for every licensed working agent? There are three agents. There are three agents who are either unable or unwilling to find work in the field. That's kind of interesting, right? Kind of a little bit of a dismal number. But let's look at the numbers for those agents who are actually working the average salary, according to the bureau of labor statistics for real estate agents in two thousand sixteen was a staggering forty six thousand four hundred ten dollars per year. Which they translate into an hourly salary of twenty dollars and thirty two cents per hour based on a forty hour workweek now. Your real estate agent. And let me ask you this. Active agent works only forty hours a week. I mean, are you kidding y'all works so many more hours than forty hours a week if you're trying to sustain and grow real estate business? I mean, you're working seven days a week. You're going to conferences European conference calls, you're handling marketing. I mean, you have late nights doing marketing lead generation client communications, sending emails back and forth following up, showings appointments paperwork. Inspections closings meeting with investors meeting with. You get the drift here. So I mean, the, then, of course, there the expenses for continuing education, you've licensure you've association fees equipment. You've got paid leads advertising. You got boost posts on Facebook. So you're forty six thousand four hundred dollar yearly yearly amount that you're making. The the income is looking more and more and more like a minimum wage. Let's be real right? Like, that's what's happening. So how do you turn this around? Here's something else. Perhaps is this may be why the failure rate within five years for real estate agents hovers around eighty five percent. With some estimates coming in as and as high as ninety five percent. How's that for compelling number? But we've seen successful real estate agents to we know they're out there. I know that they're out there. You're out there. What are you doing differently? How are some real estate agents killing at financial in real estate while others get get left behind? What can you do as a real estate agents as a real estate agent, creating a business that creates wealth for you in a way that self sustaining? So you're not working so hard for so many hours for so little. So think about why you got in real estate to begin with challenge you with that question was it because you wanted to work with buyers and sellers only. I mean, I'm sure that was part of that you wanted something that's dynamic. You wanted to be able to drive around and see different neighborhoods and connect with different people. I think that's awesome. But I definitely guest that very few agents. Go into real estate expecting to make the forty six thousand dollars a year figure that I just mentioned. For most of the promises that with a few years work. They can build a business. And be proud of that business that you building, you know, one that will afford them a luxury lifestyle similar to that you find on some of these million dollar listing HDTV shows. And then of course, there's a whole industry of coaches and consultants marketing gurus that reinforce that idea? Right with the right system where the right platform or enough work you can to become a top producer. And I firmly believe that. So why are few real citizens finding financial size final financial success in real estate? I don't know why. I'm stumbling over my words here why are so many as many as ninety five percent leaving the for leaving the business within the first five years of their career? You know for me. I think a lot of this is not understanding the power that you have is a real estate agent. You have more access the data than I do as a real estate investor. That's not a licensed agent. You can use these data points to your benefit. Why aren't you? Or maybe you are. And you know,.

Facebook bureau of labor producer Isaac US national association of realto business owner Instagram ninety five percent forty hours five years forty six thousand four hundre forty six thousand four hundre forty six thousand dollars eighty five percent