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.
The large majority of undocumented immigrants are decent, hard-working people desperate for a better life in America. However, there are also some bad apples, violent criminals that not only terrorize our communities but also damage the image of Latinos in America. Trump promised to prioritize criminals in his deportation plans. In the first few weeks in office, the data shows that...
When the government tries to tackle a specific issue with a policy, it often causes new variations of the problem to emerge in different areas. In other words, "any action has an equal and opposite reaction." When taxes and regulations are reduced, as is expected in 2025, two things tend to happen: those at the bottom economically have it tougher because there are fewer safety nets and protections. Those at the top make a killing.
Realtors help families navigate the largest and most intimidating financial transaction of their lifetime. They serve as guides, counselors, cheerleaders, and protectors. Many of them remain friends of their clients for life. America is at its best when its citizens are stakeholders.