Welcome back to the newest installment of Power 180- 3 minutes of Housing Literacy that can change your life (sponsored by Powerful Homes). For today’s question, let me ask you, what does $100k look like to you?
Is it your bitcoin account?
A stock portfolio?
Some precious art work?
For half of all Americans today…that is the amount of their total net assets at the END of their lives. Sadly, the other half have nothing at that point.
Here at Powerful Homes, we see real estate when we talk about financial resources specifically the EQUITY you have in a home. To illustrate this point, I would like to take you through a quick example of a property that I bought about 7 years ago in Aurora CO on Wabash Street.
Buy price: $75k
Remodel cost: $100k
Sale price: $275k
Today’s net value: $425k
Total net equity: $250k
There were lots of ups and downs alone the way to creating this value and I ended up selling the property during this process and DID NOT retain the equity in the property in this case. The big point is that there are many ways to invest including alternative investments like Bit Coin, NFTs and other more traditional opportunities like stocks, bonds and operating businesses.
One thing that EVERYONE needs is a home and place to live long term.
Why not own that place and over time…retain the equity that increases every year over the long term will provide massive resources that can change the entire trajectory of your life?
You are only ONE DECISION away from a totally different life. Until next time, as always feel free to reach out to Matt directly. send a text to 303-885-1644 with any questions!
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