Inflation: Your $1 matters, treat it wisely.

The equivalent of $1 in 1963 is $7.79 in 2018.  If you saved your $100 in cash under your mattress in 1963, you would $12.84 of relative cash left. If you invested $1 a day every day since 1963, you would have $842,416.Owning a home is an inflation friendly activity.  Unlike cash that deteriorates due to inflation, home values rise.  With QE1, QE2, QE3 monetary policy since the last financial crisis, inflation should be in the forefront of your personal financial plan.In today’s economic environment, holding cash is no longer king.  A large cushion for the unexpected is always prudent; however,…

Economic Downturn: Safe Path for Client’s and Companies

As everyone is starting to realize, the economy is slowing due to the Federal Reserve tightening (raising rates), Tariff battles, and inflation creeping into our daily lives.  What should not be a surprise is we are 10+ years past the last recession.  The historical average recovery period is 7 years. In the mortgage industry we all basically get money from the same place to lend to clients.  The competence and service we provide is the differentiator for clients.  Unlicensed Bank Originators and Licensed Non-Bank Originators, spend 6-8 hours working with a client.  The client spends 15 – 30 years with their…