If you don’t build your dream, someone else will hire you to help them build theirs. I would love to have been the first to say that, but it’s a quote from a very wise businessman from India named Dhirubhai Ambani. He wrote that in his book, “Against All Odds: A Story Of Courage, Perseverance And Hope.” Ambani was speaking a simple truth that is extraordinarily relevant today because if you are always merely working for the wages someone else pays you, your financial dreams will never become a reality. The key to creating wealth today is to recognize that we...
The fundamental goal of investing is to make the best return on your money given the level of safety that you require. Simple and smart, right? It would be great to meet this goal with an equally simple investment. The fewer things we need to worry about, monitor and manage, the better; it gives us more time to enjoy our lives and concentrate on the things we do well. The financial world has exploded with investment instruments and strategies over the last couple of decades. Today, even the average investor can easily get involved in stocks, mutual funds, hedge...
Have you ever been stereotyped? We all hate it, don’t you agree? We hate it because people take one thing they know about us and then make all kinds of wrong assumptions about who we are and how we think, and it simply makes us feel small. Our country has been fighting a battle against stereotyping people for many years and while we probably have a long way to go, I think we’ve made some progress. In many ways, I believe that when we stereotype people, we’re being lazy. It’s much easier to find out one thing about a person and then jump to a long list of...
Wouldn’t it be great if during your yearly physical your doctor would examine you as closely as your bank does when you apply for a mortgage? The actual time our doctors spend examining us can usually be measured in minutes. It takes weeks – if not months – for banks to finish probing all the details of our lives. They want to see every shred of paper we have that relates to our finances. We have to bring in pay stubs, leases, old tax forms – anything that has a dollar sign on it somewhere. They go online and pull reports on us. They leave no stone unturned,...
In one of the Rolling Stones’ earliest major hits, Mick Jagger sings, “Time, time, time, it’s on my side – Yes it is!” Considering how long the Rolling Stones have been recording and touring, I’d have to admit that time has been on their side. But, more often than not, that isn’t true for most of us. When you spend money, you can always work to replace it. Once time is spent, it’s gone forever. This is especially critical to understand in regards to our financial lives. The old saying “Opportunity only knocks once” is based on this idea. At Evoque Lending, we...
