Many articles are read with the reader taking no action; however, this article is different. Instead of just being good, interesting material, this article states how you can get involved to build wealth…one home at a time.
Building wealth should be a part of everyone’s financial plan, and one way to build wealth is through home ownership. Yes, there are additional costs involved with maintaining a home, but being able to enjoy an asset that historically appreciates in value is a wise decision. When you decide to purchase a home, utilizing a fifteen year mortgage will allow you to own your property in half the time of a traditional thirty year mortgage. This action may require you to purchase a less expensive home than you would have qualified for with a thirty year mortgage, but it will put you on the fast track to building wealth.
At a seminar I assisted with recently, we began Home Buying Cohorts consisting of people that plan to buy homes in various years. These individuals are placed in various year group cohorts based on the year they plan to purchase their homes. The cohort is more than just a year group of people. Financial consulting, credit repair, credit score reviewing, budgeting, and other topics will be taught and discussed to ensure people stay on track for their homeownership plans.
We are partnering with churches and other organizations across the country to plan for up to 1,000 people to be a part of the cohorts. Imagine the impact this will have on our communities and our churches! By having 1,000 families increase their personal finances and build wealth, we will increase the net worth of our communities while still enjoying life. A successful cohort graduation includes individuals purchasing a home and receiving up to a $1,000 Emergency Fund Scholarship.
Everyone should have a plan to increase their net worth during 2020 and beyond. While increasing your net worth may not be a quick effort, it is well worth the time involved. Being committed and changing your ways will allow you and your family to prosper for years to come. Remember, during these drastic times, we must take drastic measures to achieve financial success.
For additional information about the Home Buying Cohort, please call (281) 719-1461. We have a professional team of financial, real estate, and lending experts ready to assist you. Don’t wait…take action today! Your future depends on it.