When you were young and full of energy, didn’t you wonder why those old people slowed down and just “sat”?
Many people worked so damned hard to get everything they thought they needed for now, but lost sight of what they would need in their retirement. And many worked hard to provide a future for their kids, putting their own future on the back burner! Retirement hit them in the face before they had time to secure their own future.
They, like many older folks, got stuck depending on Social Insecurity! And if they worked in low-paying jobs, they are out of luck! Their monthly check will not do much for their security. Everything goes up and up, and their check doesn’t! If the COLA is raised 2% or 3%, the cost of the Medicare Insurance Premium goes up!
BTW, that cute little card you get from your Insurance Plan to help you pay for your drugs and other things you want on your quarterly stipend, or to pay for your drugs, is a Credit Card. They will not admit it is a credit card. But the name of the Bank is on the back; it should be a giveaway, and if you do a little computer work, you can discover the interest rate.
If you are lucky and smart, you own their home free and clear! And if you are smarter, you live within your means and keep it free and clear. That may mean not a $100 dinner every week and no DoorDash dinners every night, but it will mean cooking at home. I will also mean last year’s movies, not premieres.
Here is another RED FLAG: All the Mortgage Companies advertise a HELOC as if it is the most wonderful thing ever! And it isn’t bad if you know what it is!
It is a loan secured by the equity of your house! If you treat it like an unsecured credit card, you will buy your house again soon, or lose it in foreclosure.
I just saw an ad on FB! Just for viewing your rate on a Home Equity Loan you are entered in a Home Equity Loan Sweepstakes! Guess what your chances of winning the 50K are VS the million emails and calls trying to sell you on the value of the HELOC?
Enough about the trials and tribulations of business, let’s have some fun!
My first book was written in 2016, but the inspiration was in 1975 when I started in real estate, and many of the people are characters from that time; I just changed the names to
protect the guilty! Maye West Mysteries Book 1: Murder on Lake Haverly
This book tells the story of what it was like being a woman in the Man’s world of Real Estate in the 70s! I was met by the men with the statement, “Great, a woman to cook for us!” And this tall drink of water meant it. He had a large salmon filet on the counter waiting for this “little Woman to cook it for them.
They went hungry that day and all the other days. Read the book to find out the fun I had dealing with them and other men in the business.
It is available on http://www.brendacolbathbooks.com and books.by/brendacolbath, and is distributed to the following platforms: Apple Books, Barnes & Noble, Kobo, Everand, Smashwords, Tolino OverDrive, bibliotheca, Baker & Taylor, BorrowBox, Hoopla, Vivlio, Palace Marketplace, Odilo, Gardners, and Amazon.