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.
With the presidential election only three weeks away, partisans on both sides are taking off the gloves with rhetoric that vilifies their opponents and fires up their minions. Most people believe that our country is more divided than ever. Indeed, the days when liberal and conservative candidates can debate their views respectfully seem like a distant memory. At the risk of oversimplifying things too much, let me cut to the chase about what is driving the divisions in the country.
NAHREP shares data at conferences to build a more accurate narrative about the Latino community from an economic perspective. Sharing that data with attendees, influential business leaders, and media at the event helps achieve that goal while arming them with information that can give them a competitive advantage with their businesses.
The best businesses and the most successful people don't just perform a task and make money. They solve a problem or facilitate an opportunity. Uber, Tesla, Apple, Netflix, and Microsoft approached their business with that mindset. They were designed to solve humanity's most significant challenges and opportunities. However, even the smallest companies can develop solutions that people care about.