Finance 101

Many families have heard the financial wake up call delivered in the fall of '08. Most are reviewing their debt, income, spending, investments;What different financial decisions will we make in '09. Are we destined to repeat the same mistakes? Check out A New Common Sense, an article in Realty Times, Jan 27, 2009.



" Owning real estate is one way to put your money to work for you.
Headlines may proclaim declines in real estate values and pundit may forecast further doom, but these temporary realities and induced fears are a natural part of the revolving real estate cycle, however extreme they are just now. How many recessions have you weathered? How many "the sky is falling" predictions have you seen replaced with "the only way is up" reality?
Real estate is an often underestimated element in wealth building, even though real estate holdings usually represent very high proportions of personal net worth. What percentage of your total net worth is held in real estate? Compare the percentages before and after the world financial crisis, and you'll see that investing in real estate and in continuously improving the value and saleability of your live-in assets has a significant impact on your quality of life now and in the future. "



Works for me.