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Posted about 13 years ago

Good Feelings Don't Pay the Bills

A recent study shows that 76% of Americans are living paycheck-to-paycheck.

Here's the article:



Interesting, isn't it? People "feel better about their finances", but the numbers make one wonder why. There are at lease two lessons we can learn from this article.

1) Most people are one unexpected financial event away from not being able to pay their mortgage (if they're buying). If this continues, they will be in default, followed by foreclosure. This creates an opportunity for real estate investors to buy at deep discounts.

2) It doesn't matter how you "feel" about the financials, what matters is the numbers! Real estate investing is not an emotional business. You can get emotional and excited about the results of your business, but don't get emotional about the houses. Also, most businesses fail because of lack of capital. As a real estate investor, make sure you have six months of operating capital. You never know what expense you may need to pay for, or what opportunity you may be able to take advantage of.

For more education and training, check out our YouTube channel at .

Our listings are here: forefrontenterprisesllc.com.



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