Sunday, January 31, 2016
Monday, January 18, 2016
Millennials and boomers are key to residential market in 2016
A few Chicago neighborhoods—including Mayfair,
where this home is for sale—have both a high concentration of baby
boomer-owned homes and a lot of house-hunting activity online by
millennials.
Photo by Redfin
Baby boomers heading into their sixties and millennials in their late twenties and early thirties are the "bookend generations, who together can make a big difference in how Chicago's housing recovery goes this year," said Jonathan Smoke, the chief economist for RealtorDOTcom, after speaking at a recent Chicago Association of Realtors market outlook event.
Because they're the nation's two largest adult population groups, their moves affect the real estate market in almost every U.S. city. Yet Smoke said each will play a particularly large role in Chicago.
Millennials are the demand side: Last year, people between the ages of 25 and 34 years old took out 41 percent of residential mortgages in the Chicago area through the end of October, compared to 35 percent nationally, Smoke found. Millennials are increasingly turning to buying homes as their incomes rise, their families grow, and the cost of renting rises, he said.
Baby boomers who are in their sixties, or getting there, are the supply side: When they opt to sell their longtime homes, they help loosen the market's problem with super-tight inventory. In the city of Chicago, fewer homes were on the market at the dawn of 2016 than at any time in the past nine years.
Getting baby boomers to let go of their homes "is definitely going to be important, but it's not always easy," said JoEllen Davis, an @properties agent. "They're trying to establish what the next chapter in their life will be and where it will be," while at the same time wrestling with "what to do with their 40 years of stuff."
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6 Health Benefits of Fresh Air
Today we will be talking about the health benefits of fresh air. People often tend to forget about the importance of spending time outside and underestimate the health benefits of spending time outdoors. If you are spending most of your time inside the air conditioned office or home, you are forcing your body to use stale air. By doing so you are making it harder for your body to stay healthy and fresh.
Hopefully this article will make you realize and value the health benefits of fresh air. And as a result, you will be spending a lot more time outside of the city.
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Friday, January 15, 2016
Friday, January 8, 2016
Seven Secrets of Self-Made Multimillionaires
Contributor
International Sales Expert
In a special webcast on April 28, 2015, 5 p.m. EST, Grant Cardone will
First, understand that you no longer want to be just a millionaire. You want to become a multimillionaire.
While you may think a million dollars will give you financial security, it will not. Given the volatility in economies, governments and financial markets around the world, it's no longer safe to assume a million dollars will provide you and your family with true security. In fact, a Fidelity Investments' study of millionaires last year found that 42 percent of them don't feel wealthy and they would need $7.5 million of invest able assets to start feeling rich.
This isn't a how-to on the accumulation of wealth from a lifetime of saving and pinching pennies. This is about generating multimillion-dollar wealth and enjoying it during the creation process. To get started, consider these seven secrets of multimillionaires.
No. 1: Decide to Be a Multimillionaire -- You first have to decide you want to be a self-made millionaire. I went from nothing—no money, just ideas and a lot of hard work—to create a net worth that probably cannot be destroyed in my lifetime. The first step was making a decision and setting a target. Every day for years, I wrote down this statement: "I am worth over $100,000,000!"
Related: Seven Rules for Coping with Sales Rejection
No. 2: Get Rid of Poverty Thinking -- There's no shortage of money on planet Earth, only a shortage of people who think correctly about it. To become a millionaire from scratch, you must end the poverty thinking. I know because I had to. I was raised by a single mother who did everything possible to put three boys through school and make ends meets. Many of the lessons she taught me encouraged a sense of scarcity and fear: "Eat all your food; there are people starving," "Don't waste anything," "Money doesn't grow on trees." Real wealth and abundance aren't created from such thinking.
No. 3: Treat it Like a Duty -- Self-made multimillionaires are motivated not just by money, but by a need for the marketplace to validate their contributions. While I have always wanted wealth, I was driven more by my need to contribute consistent with my potential. Multimillionaires don't lower their targets when things get tough. Rather, they raise expectations for themselves because they see the difference they can make with their families, company, community and charities.
Related Video: Grant Cardone on Closing the Sale
Read More
First, understand that you no longer want to be just a millionaire. You want to become a multimillionaire.
While you may think a million dollars will give you financial security, it will not. Given the volatility in economies, governments and financial markets around the world, it's no longer safe to assume a million dollars will provide you and your family with true security. In fact, a Fidelity Investments' study of millionaires last year found that 42 percent of them don't feel wealthy and they would need $7.5 million of invest able assets to start feeling rich.
This isn't a how-to on the accumulation of wealth from a lifetime of saving and pinching pennies. This is about generating multimillion-dollar wealth and enjoying it during the creation process. To get started, consider these seven secrets of multimillionaires.
No. 1: Decide to Be a Multimillionaire -- You first have to decide you want to be a self-made millionaire. I went from nothing—no money, just ideas and a lot of hard work—to create a net worth that probably cannot be destroyed in my lifetime. The first step was making a decision and setting a target. Every day for years, I wrote down this statement: "I am worth over $100,000,000!"
Related: Seven Rules for Coping with Sales Rejection
No. 2: Get Rid of Poverty Thinking -- There's no shortage of money on planet Earth, only a shortage of people who think correctly about it. To become a millionaire from scratch, you must end the poverty thinking. I know because I had to. I was raised by a single mother who did everything possible to put three boys through school and make ends meets. Many of the lessons she taught me encouraged a sense of scarcity and fear: "Eat all your food; there are people starving," "Don't waste anything," "Money doesn't grow on trees." Real wealth and abundance aren't created from such thinking.
No. 3: Treat it Like a Duty -- Self-made multimillionaires are motivated not just by money, but by a need for the marketplace to validate their contributions. While I have always wanted wealth, I was driven more by my need to contribute consistent with my potential. Multimillionaires don't lower their targets when things get tough. Rather, they raise expectations for themselves because they see the difference they can make with their families, company, community and charities.
Related Video: Grant Cardone on Closing the Sale
Read More
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