While we are making plans to celebrate & enjoy the holidays, let’s also take the time to look at something new to add to our tool kit as a professional in the coming year.
1) Taking classes and earning certifications, adding more initials after your name will enhance your skill set and adds to the perception that you are an expert in your field.
2) Offering the newest investment vehicle in the financial & insurance field.
3) Selling a new loan product that helps more home buyers qualify for a mortgage.
4) Using innovative ways to market real estate to prospective buyers, post NAR.
These all can be achieved, but they are not always uniquely available to us.
What is uniquely available to everyone of us, is the ability to pursue excellence.
Become a teacher and a sharer of knowledge.
Find places to present this knowledge to an interested audience.
Whether that is hosting a page on Reddit or Facebook, teaching a class at the library, posting videos on YouTube, or writing articles, we all have something to share.
Present yourself as the expert you are!
Grow your following.
Make an effort to call old clients and ask them to post reviews online.
Once people take an interest in what you share, their next step will be to vet you, so they will search for you online.
Have them see a good amount of positive reviews right off the bat, not just a few old ones from 5 years go.
Tip of the Week: Financial Literacy for Your Children
Many of your children have had savings accounts since they were very young. Whether depositing funds from gifts or saving allowance, many children already have that experience. Some have learned the lesson about saving better than others. Use that as a guide, to determine each child’s next step towards financial maturity.
When your children are in 8th or 9th grade, open a high school checking account. You both have access to their account, which is offered free at many banks. The bank also gives you a debit card for that account.
Learning how to use plastic is best done when the numbers are small.
Give them 1 card with instructions and rules on how to use it.
Give them a chance to follow your rules and reward them with added trust when they comply. Whether they do or they do not follow your guidelines, it is a great parenting opportunity. You can reward those who followed your rules. Those who did not should experience consequences for their actions, since without repercussions, there is never a change in behavior.
You as parents get to decide what that repercussion should look like.
I am sure it will be, and should be, different for each child as they are all unique. During high school, children that are demonstrating financial responsibility should be recognized and rewarded with added trust for their achievements.
This added trust is giving your responsible child a credit card.
You can request a card for an authorized user from any of your credit cards.
Learning to use discretionary credit is that next lesson learned with a credit card.
You can limit the credit line of that card to whatever amount feels right for you.
They will now need a wallet to carry a credit card, debit card, & their school ID. By the time they go to college, let's hope their financial maturity is developed, because away at school, they are no longer under your tutelage & watchful eye.
Quote of the Week:
“Don't worry that children never listen to you;
Worry that they are always watching you.”
- Robert Fulghum
Thanks,
Jeff Lafazan
About the Author of Jeff’s Common $en$e - Jeffrey Lafazan
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