Investing as a Realtor... Tips and Tricks to plan for financial health.

By Debbie Hausmann and Christine A. Horne

Hello my Bright Family! I am so excited to share this amazing VLOG post with you! 🌟🎥 (Yes, we have a great video with it as well!) 😄

I had a wonderful interview with Christine Horne, the CEO of The Masters Wealth Group, LLC. 🤝 I sat down with her to discuss the importance of financial health and how to achieve it. 💰💪

We discussed many things including her fun financial-health metaphor: the barstool. 🪑 We also talked about portfolio diversification, goal setting, product offerings, and what to be mindful of when embarking on your financial health journey—including when you have discussions with a financial services provider. 💼💡 🎥 Check out the full video with our interview below. I promise you will learn A TON in 30 minutes! 🎥

Here are a few key points to take away from our chat: 💫🎉

The Importance of Understanding the Stock Market Rollercoaster 🎢

During my conversation with Christine, we explored the ups and downs of the stock market and the importance of understanding how your investments are growing. 📈📉 The stock market can be a thrilling ride, but it’s essential to remember that investing in the market—or in "variable" products—comes with risks and volatility. Many times, we are not aware of the risks of our investments, and we end up losing money in the long run or experiencing minimized gains. 😬💸 At the same time, the people handling our investments collect fees and make gains both when the market is going up and when it is going down. 💼💰

The Importance of Diversification and Goals 🎯

Christine emphasized the significance of setting clear financial goals and working with a financial services provider to develop a diversified and well-balanced investment portfolio that does not decline with the stock market. This is especially important for business owners and self-employed individuals, like Realtors, who do not have a traditional employer-driven retirement plan like a pension or 401k. By creating a diversified portfolio tailored to your specific circumstances and free of downward market trends, you can build a solid financial foundation for today and for your future. (Think of travel funds, college funds, emergency funds, retirement funds, etc.) 💼💪💼💪

This is where the barstool analogy plays an important role. The seat represents your financial well-being, with holes or chunks of seat missing for each area of debt (excluding your home mortgage), such as high-interest credit card, school loans, etc. The goal should be to have low/no debt, in order to have a seat with the least holes possible. 🪑🚫💸

Each leg of the barstool represents an investment vehicle. The sturdier your investment vehicles are, the more balanced they are (equal values), the more you are able to withstand any financial season you go through. Christine recommends having AT LEAST 4 legs on your barstool. Even if you DO have a retirement account through an employer, we discussed great options to consider when adding legs to your barstool. Look how happy the guy is in the 4th picture! 😊🪑📊

Indexed Products: A Path to Consider 📚

One of the options we discussed was the use of indexed products such as annuities and universal life insurance. She emphasized the importance of these products being written correctly, as part of a well-balanced investment strategy. These products can provide a unique balance of growth potential and risk management. As always, it’s crucial to carefully review the terms and conditions with your financial services provider to ensure they align with your specific needs and goals. 🔍📝

Financial Health for Peace of Mind 💆‍♀️

Maintaining financial health is not just about numbers and figures—it’s about achieving peace of mind. As a business owner, having these conversations about financial health and retirement planning is particularly important, given the absence of a traditional employer-driven retirement plan. But even if you or your spouse have a retirement account through an employer, you can add value and safety to your portfolio by taking proactive steps to secure your financial future—regardless of employment status or market ups-and-downs. This allows YOU to enjoy the peace of mind that comes from knowing you have a solid plan in place. 🔒

I hope this serves as a reminder that building financial health is a journey that requires careful planning, diversification, and setting realistic goals. Seek guidance from professionals like Christine at The Masters Wealth Group, LLC to ensure you have the support and expertise you need along the way. I have also added her contact info below! She is ready to take in more clients and set up no-obligation consultations! 🤝💼📞

Masters Wealth Group - Christine A. Horne, President/CEO

chorne@masterswealthgroup.com

Phone: (469) 387-2443

🌟 Don't be afraid to take the first step toward financial health today, so you can start building a stable barstool for your future as a business owner!

Let us know your thoughts in the comments below, and don't forget to share this post with other Realtors and professionals who may benefit from these insights! 💡📲 Until next time! 👋✨

#DebbieHaus #SandraGonzalezRealtor #MyNestSaTeam #SanAntonioRealEstate #FinancialPlanning #MoneyManagement #WealthManagement #RetirementPlanning #InvestmentStrategy #FinancialGoals #BudgetingTips #SavingsPlan #DebtFreeJourney #FinancialFreedom #SmartInvesting #FinancialEducation #EstatePlanning #TaxPlanning #FinancialAdvisor #RetirementSavings #FinancialWellness #BuildingWealth #FinancialTips #FinancialFitness