The Real Estate Show

Radio Show Notes 09/12/24 Thursday: Master the Basic Rules of Money and Boost Your Credit for Real Estate Opportunities

September 12th, 2024 9:04 PM by Eric Willner

Radio Show Notes 09/12/24 Thursday: 

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Master the Basic Rules of Money and Boost Your Credit for Real Estate Opportunities

 

By Eric Willner, Host of The Real Estate Show, America’s longest-running daily radio show about real estate.

Welcome to The Real Estate Show – South Florida’s #1 Real Estate Radio Show and America's longest-running daily radio show dedicated to real estate. My name is Eric Willner, the Voice of Real Estate, and creator of The Automatic Landlord System for Owning Cash Flowing Real Estate “Profitably and Hassle-Free.” Each episode is a virtual real estate seminar, bringing you the tools, knowledge, and strategies to achieve real estate success.

The Rules of Money: Key Financial Principles for Success

On today’s Thursday ATM – About The Money edition, let’s dive into a critical topic: The Rules of Money. Just like in any game, money has its own set of rules, and knowing them is crucial to success. Here are three essential rules you need to master:

  1. The 1% Rule: This rule applies to rental properties. When evaluating a rental investment, aim for a monthly rental income that’s at least 1% of the property’s purchase price.
  2. The 4% Rule: In retirement planning, the 4% rule suggests you can safely withdraw 4% of your retirement savings each year without running out of money.
  3. The Rule of 72: Want to know how long it will take for your money to double? Divide 72 by the interest rate. For example, at an 8% interest rate, your money will double in nine years.

These rules are foundational to building wealth, but the real focus of today’s show is on how good credit plays a powerful role in transforming your financial life—especially in real estate.

Why Credit Matters in Real Estate

Real estate offers multiple streams of returns, not just through capital appreciation but also rental income, tax benefits, and depreciation. However, one of the key factors that determine your success in real estate investing is good credit. Your credit score can be the gateway to unlocking better financial opportunities, and it’s essential to understand how to harness its power.

Did you know that a strong credit score doesn’t just help you get better mortgage rates, but it also plays a role in securing rental properties, business loans, and even reducing insurance premiums?

If you’re serious about building wealth through real estate, good credit can put you on the fast track to success.

Introducing the 72-Hour Money Challenge

Have you heard about the 72-Hour Money Challenge that’s sweeping the U.S.? If you’re ready to take control of your finances, put more money in your pocket, and start building long-term wealth, this challenge is for you!

?? Starting on March 18th, 2024, and running through May 30th, 2024, this 72-day challenge is your ticket to financial freedom. Here’s what makes it so powerful:

  • Our Experts Do the Work for You: We provide a team of financial professionals who take action on your behalf.
  • Guaranteed Success: We guarantee that we’ll put more money in your pocket than the cost of membership, or you’ll get your money back!

This is not a program where you’re left to figure it out on your own. Our experts handle the heavy lifting, ensuring that you’re set up for success from the start. Don’t miss this opportunity to change your financial future—every day you wait could be costing you money.

The Importance of Financial Literacy Month

This week marks the 18th week of 2024, and as we transition into May, it’s a perfect time to reflect on Financial Literacy Month, which we celebrated throughout April. Financial Literacy Month is dedicated to promoting financial education and helping people make smarter financial decisions. It’s an initiative that empowers individuals with the knowledge they need to achieve long-term financial success.

Good credit plays a critical role in this journey, and it’s something you can build and improve with the right strategies.

Why Good Credit is Crucial to Your Financial Health

Let’s break down why having good credit is so important, especially if you’re aiming for success in real estate:

  1. Access to Better Financing Options: Good credit means you can qualify for lower interest rates on mortgages and loans, saving you thousands over the life of your investments.
  2. Lower Insurance Premiums: Many insurance companies use credit scores to set premiums. If you have good credit, you could pay less for homeowners insurance and other types of coverage.
  3. Negotiating Power: A strong credit score gives you more leverage when negotiating with lenders, sellers, and contractors.
  4. Increased Rental Opportunities: Landlords often check credit scores when evaluating rental applicants. Good credit helps you secure the rental property you want.
  5. Future Financial Opportunities: Good credit opens doors to future investment properties, business loans, and financial growth.

Take the Next Step: Text "Credit" to Learn More

Want to take control of your financial future? Text “Credit” to 561-861-2366 to learn more about building your financial edge and unlocking real estate success through good credit. Don’t let a poor credit score hold you back from achieving your real estate goals.

The Real Estate Show: Your Path to Financial Freedom

Remember, real estate is the best investment. Period. Whether you’re just starting or looking to expand your portfolio, now is the time to take action. Join us for our workshops and listen to The Real Estate Show every weekday morning at 9 a.m. (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3, and FM 96.9.

If you missed today’s episode, catch the full 30-minute broadcast on Facebook Live or listen on the free iHeart Radio and TuneIn apps. Don’t forget to share this blog with friends and family who need to start their real estate journey.

For more information, visit www.TimeToFixMyCredit.com, and let’s work together to help you achieve financial freedom!

Eric Willner is the host and founder of The Real Estate Show, providing expert insights into buying, owning, and improving real estate the right way. To contact Eric, email Eric@EricWillner.com or call 888-595-7779.


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 

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.

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Posted by Eric Willner on September 12th, 2024 9:04 PM

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