Jerry Ascencio and I hosted a webinar last week on stock-based investments. It was a well-attended session with great content. Our objective is not to sell people on the stock market, but to help close the knowledge gap about investing in general, and the stock market is an important part of that. Generating income is important, but building wealth is even more important. Wealth is freedom because it gives us the wherewithal to live the life we were destined to live. I’ve said it many times, Latinos have a workers mentality, but have not yet acquired an investor’s mentality. The whole concept behind NAHREP’s Hispanic Wealth Project is to build wealth in our community by acquiring new disciplines. The NAHREP network of real estate professionals are not only in the business of facilitating real estate transactions, they are influencers and trusted advisors in their local communities. If the influencers acquire those new disciplines, the cascading effect can be exponential. In 2021, NAHREP will be organizing investor mastermind groups for our members interested in becoming more sophisticated with real estate and stock-based investing. We have always known that knowledge is power, but I would add, knowledge is wealth.
By definition, unintended consequences are the results of an action different from what was expected or planned. They are often referenced in relation to changes in policies. I have heard the term used for years, primarily related to government policies. Still, I didn’t realize until recently that much has been written on the subject, and most experts believe that there are three categories of unintended consequences:
I once read that sports are a universal language. Regardless of ethnicity or what language you speak, almost everyone speaks sports. No place has that been more evident than the Olympics, where every four years, we are moved by images of athletic rivals from around the world shaking hands and embracing each other in moving displays of sportsmanship.
Happy Easter! The blog will resume on April 7, 2024.