The Power of Investments
The Power of Investments
Investing is one of the most powerful ways to build long-term wealth and financial security, and its potential extends far beyond short-term gains. While there are many types of investments, real estate holds a particularly important place due to its potential for equity growth and its role in securing a solid financial foundation.
At its core, successful investing is all about making smart decisions with a long-term perspective. Whether you’re a first-time homebuyer or a seasoned investor, it’s important to understand the trends shaping the market and how your investments can contribute to building wealth over time. Let’s start by exploring one of the most common investments—real estate.
The Only Investment You Can Live In
According to Forbes, in 2024 Homeowners equity reached a near record high in America, with an estimated $17 billion in equity. The average homeowner saw an increase of $28,000 in the first quarter of 2024 alone. Just 1.8% of mortgages were delinquent in the first quarter. It is great to see the amazing growth of so many people’s investments. Based on housing supply and demand currently in America, I think this is a trend we will continue to see for several years; now $28,000 in a quarter seems like a huge gain, so maybe not quite as massive as that. Short of fix and flips, most residential real estate should be viewed as a longer term investment.
Why Stop at Real Estate?
We think it is also important to have other investments besides real estate. Any financial expert will tell you about the importance of diversification. IRA’s, 401K’s, general brokerage accounts, 529’s, and more are all great financial tools to help you reach your goals for you and your family. An important thing to remember when it comes to investments, is consistency. It is very difficult to ever “time” the market. A lot of the experts suggest setting an automated investment strategy based on your age and goals.
Save, Save, Save!
We know and realize as well that it can be hard to set a certain amount aside each month for these types of things, but remember any amount is better than nothing. According to Yahoo.com, the average Gen-X-er, has $182,100 in their retirement savings. And while they suggest that is not enough, it appears that many are saving what they can. With recent high inflation, student loans, and other macro-economic challenges, it certainly can be difficult.
We Can Help You on Your Financial Journey
Written by Brandon Barnes with the Weinland Team at RE/MAX Alliance
Phone: (303) 552-6780
Email: Brandon@TheWeinlandTeam.com
Written by fortcollinsexperience
More From This Category
Valentine’s Day Date Night Ideas in Northern Colorado
5 Northern Colorado Valentine's Day Date Night Ideas Valentine’s Day doesn’t have to mean fighting for reservations or settling for the same dinner you’ve done every year. Northern Colorado makes it easy to plan a night that feels intentional, relaxed, and memorable....
Valentine’s Day Date Night Ideas in Northern Colorado
5 Northern Colorado Valentine's Day Date Night Ideas Valentine’s Day doesn’t have to mean fighting for reservations or settling for the same dinner you’ve done every year. Northern Colorado makes it easy to plan a night that feels intentional, relaxed, and memorable....
Valentine’s Day Date Night Ideas in Northern Colorado
5 Northern Colorado Valentine's Day Date Night Ideas Valentine’s Day doesn’t have to mean fighting for reservations or settling for the same dinner you’ve done every year. Northern Colorado makes it easy to plan a night that feels intentional, relaxed, and memorable....
0 Comments