December 5th, 2023 9:21 PM by Eric Willner
Radio Show Notes 11/24/23 Friday:
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"Unlocking Wealth through Gratitude: Your Weekly Real Estate Success Wrap-up!"
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.
Hello, everyone, and welcome to 'The Real Estate Show'—South Florida's #1 Real Estate Radio Show and America's longest-running daily radio show about real estate. I'm your host, Eric Willner, the Voice of Real Estate and founder of the Automatic Landlord System for Owning Cash Flowing Real Estate—Profitably and Hassle-Free. Today, we're wrapping up the week in style and gratitude during this Thanksgiving Holiday Week, exploring the key insights and valuable information we've shared throughout the week to empower you on your real estate journey.
As we dive into today's recap, let's start and revisit our 'Monday On A Mission' edition. We set the stage for the week by emphasizing why NOW is the time to buy real estate. Our overarching theme centered around real estate success fueled by gratitude, and we've had an exciting week unpacking this concept.
But First… Did you know that owning real estate goes beyond the financial benefits? It's not just about the property; it's about creating a foundation for success and building a future for you and your loved ones. Real estate ownership is a powerful tool for wealth creation, providing a tangible asset that appreciates over time. And here's the connection to our theme: gratitude. When you invest in real estate, you're investing in your future, fostering financial stability, and creating a legacy to be grateful for.
Before we delve deeper into today's insights, let me remind you of two fantastic opportunities for next week:
On Tuesday at 8 pm, we have the 'Path To Home Ownership Introduction'—an online workshop by invitation. Simply text PATH to 561-861-2366.
On Wednesday night at 8:30 pm, it's the 'Financial Edge University Overview'—another online event by invitation. Text EDGE to 561-861-2366. These workshops are invaluable opportunities to enhance your real estate knowledge and take actionable steps toward success.
Now, let's continue our exploration of why NOW is the time to buy real estate, focusing on real estate investing and Thanksgiving Week, and how gratitude plays a crucial role in achieving success. This week, we've shared market trends, mortgage updates, and crucial information about the state of the real estate landscape.
Tuesday brought us the 'Tuesday Tools, Tips, and Techniques' edition, where we not only shared valuable strategies but also delved into two intriguing case studies that resulted in Home Ownership – even when the banks said “No”, we said “Yes!” Check out that recording on Tuesday below or on our website www.AutomaticLandlord.com under the Radio Show Notes tab.
Wednesday's 'Midweek Mortgage, Market, and Money Report' gave us a snapshot of the current state of interest rates. According to Bankrate.com, the average interest rate for the benchmark 30-year fixed mortgage is 7.74%, a slight increase from the previous week. It's essential to stay informed about these rates, and for personalized insights, feel free to reach out to us directly.
During the report, we discussed the increase in mortgage demand and the challenges faced by homebuilders due to rising rates. Despite optimism, homebuilder sentiment hit its lowest point in a year, reflecting the impact of higher rates on the housing market. Additionally, home sales fell to a 13-year low in October, highlighting the ongoing challenges in the real estate landscape.
Moving on to our favorite show of the week, The 'Thursday ATM – About The Money' edition, where we delved into the Average American’s Monthly Expenses, a critical topic given the escalating cost of living. The cost of living is on the rise, with inflation impacting housing, transportation, and healthcare costs. The pandemic's aftermath, labor shortages, and supply chain disruptions have all contributed to a significant increase in consumer prices—9.1% over the past 12 months, the highest in four decades.
So, what does this mean for the average American household? According to the Bureau of Labor Statistics (BLS), the average monthly expenses now stand at $5,111. To put this into perspective, let's break down the numbers:
Housing remains the largest expenditure, accounting for 35% of the monthly budget, with an average cost of $1,784. Transportation follows at 16%, with a monthly expense of $819. Personal insurance and pensions make up 12%, totaling $603. Food at home constitutes 8%, with a cost of $411, while food away from home takes up 4%, amounting to $198. Healthcare, an essential expense, accounts for 8%, with a monthly cost of $431. Entertainment comes in at 5%, with an expense of $243. Cash contributions and apparel and services each make up 4%, with monthly costs of $190 and $120, respectively. Education and miscellaneous expenses constitute 2%, totaling $106 and $76, respectively.
Personal care products and services represent 1%, with a monthly expense of $54. Alcoholic beverages, tobacco products, and reading each fall below 1%, with expenses ranging from $10 to $40. It's a comprehensive breakdown that reflects the financial realities of households across the nation.
As we navigate through these financial intricacies, remember that our show is not just about insights; it's about actionable steps. If you find yourself facing financial challenges or wanting to explore avenues for wealth creation, 'The Real Estate Show' is your virtual seminar, offering guidance and expertise every weekday.
Before we conclude today's wrap-up, a big thank you to all our listeners. Your engagement and support make 'The Real Estate Show' a thriving community. As we head into the weekend, I encourage you to use the knowledge gained from our shows to embark on your real estate journey.
Have a fantastic weekend, and we'll be back LIVE on Monday for more expert guests, valuable insights, and the latest updates in the dynamic world of real estate. Until then, this is Eric Willner, signing off. Happy investing!
Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.
Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
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