Buffini & Company Blog

The First-Time Homebuyer Challenge with David Bach

Buying your own home has always been one of the best ways to build wealth and achieve financial security and, even in these uncertain times, that fact has not changed. I recently spoke to bestselling author and financial expert David Bach about his new first-time homebuyer challenge, a free online course that offers a roadmap to help people go from renting to owning a home. Here are some of the top takeaways from that interview:

The Fundamentals of Financial Success Never Change

People who can afford to retire early almost always do two things right: They buy their own home and pay it off; and they pay themselves automatically using a 401k plan. Regardless of market or societal conditions, the fundamentals of financial success remain the same. When it comes to your money, boring is beautiful!

Real Estate Is the Easiest Way To Build Wealth Over Your Lifetime

There are two primary ways to build wealth in America: homeownership and the stock market. While investing in stocks can be very lucrative, you can’t live inside a portfolio! You’ll always have to live somewhere, so you must decide who will profit from this – you or your landlord. Homeowners are worth approximately 44 times more than renters and the great news is that, because of historically low interest rates, there’s never been a cheaper time to buy. If you already own a home, meanwhile, you now have the opportunity to refinance and potentially save yourself a fortune. Because equity builds in a home year on year, real estate is the ultimate escalator to financial freedom. It creates wealth not just for you, but for the next generation of your family too.  

In Difficult Times, You Can Still Find Opportunities To Grow and Succeed

Due to Covid-19, we are currently experiencing a global recession. There’s no doubt this will cause hardship, but it will also result in financial security and wealth for those who are prepared to take action quickly. More millionaires were created on the back of the last recession than during any previous period in history. This time, the opportunities to build financial freedom might be even greater. Remember, when everybody’s telling you that the world is coming to an end, you can still look for ways to grow and succeed. Beginby getting in front of the clients you already have. Check in and connect with all your existing customers to see how you can serve them. In uncertain times, you’ve got to work, not worry.

If you want to learn more about the five critical steps of the homebuying process, potentially save thousands over the life of your loan and avoid the common mistakes that most homebuyers make, listen to the latest episode of “The Brian Buffini Show.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

June 22, 2021

The Blue-Collar Millionaire – an Interview with Joe Niego

The blue-collar mindset is all about a job well done. If you want to learn more about how this mentality can be a success formula for any walk of life, listen to the latest episode of “The Brian Buffini Show.”

June 16, 2021

The Trends to Watch in Fall 2021 Real Estate Market

The market is hot and it looks like it’s going to continue that way for some time to come. In this competitive market, agents need to stay on top of the trends.

June 11, 2021

What to Look for in an Accountability Partner

Your accountability partner can be a mentor or somebody who is taking the class with you, but he or she should share these core traits.

May 28, 2021

Are Your Leads Warm, Lukewarm or Hot?

Instead of nurturing lifelong relationships with clients and then asking for referrals, transactional agents are always looking for new customers.

May 25, 2021

Moving the Needle – an Interview with Bill Hampton

Promotion is one of the most misunderstood aspects of business today. It’s often connected to showmanship or clever marketing, but it's really all about a passion to provide solutions to people's problems in a real and authentic way.

May 20, 2021

The Power of Providing Value as a Real Estate Team Leader

One great way to build a vibrant culture and improve recruitment and retention is to provide ongoing value to your team. Here's how.