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20 minutes | Oct 20, 2021
Navigating Change and Following Your Passion
So you want to be successful but feel like you're stuck in a rut and don't know how to break free from the same old routine every day? Well, I'm going to show you that it's not as hard as it seems and all it takes is some courage and determination. Ready for a little motivation?It's time for a change!I want to talk about how I navigated my transition from the corporate world to becoming an entrepreneur with a passion in my work. It was really hard at first, especially with COVID and all the challenges it caused in our world! But after some time I found my way and it became easier over the years.An important lesson is that you need to find your own path when making this kind of change because there are no "cookie-cutter" solutions.
16 minutes | Oct 18, 2021
Inflation is JUST for the Rich, Right??!!
Inflation is a scary and often misunderstood concept. But it's important to understand how it works - because inflation can make you poor! In this episode, I'll break down the basics of what inflation means, why it happens, and how to protect yourself from its effects.Don't let Washington D.C. tell you how to think about your hard-earned money. Going to the grocery store or putting gas in your car is costing you MUCH more now of days! Inflation hurts all of us and especially those that are on fixed incomes. Please tune in you will not be disappointed.
18 minutes | Oct 13, 2021
The Disastrous and Damaging Effects of Inflation: What You Can Do to Hedge!
What is Inflation?Inflation happens when the value of your money goes down - you can buy fewer goods and services with it now than before. Inflation is a natural result of having an economy that runs on currency instead of bartering or other methods that don't require currency.How does inflation happen?Inflation happens when the government prints more money into circulation - too much money supply means that each unit (dollar, pound, euro) is worth less.Inflation is a silent killer in the sense that it happens so gradually. Over such an extended period, we don't notice how much damage inflation causes to our standard of living until it has already happened. The problem with this lack of awareness about inflation is that we don't take actions to prevent the damage of inflation.
13 minutes | Oct 9, 2021
The Infrastructure Bill Is A BIG Threat To Your Retirement Funds
Did you know that the Infrastructure Bill is a threat to your retirement funds? I'm here to talk about the Infrastructure Bill. It's not just an infrastructure bill for roads and bridges. The real danger of this bill is how it affects our retirement funds - specifically self-directed IRAs. If passed, this bill will make sure that we take our hard-earned retirement funds and put them into another investment vehicle. Which will cause you and me to pay taxes up to 39.6%! This could be devastating to everyone who has planned their lives around their Self-Directed IRAs me. I'll show you the facts so you can decide for yourself! Follow Us: FACEBOOK: https://www.facebook.com/TruPodcast.TruVest LINKEDIN: https://www.linkedin.com/company/trupodcast/ INSTAGRAM: https://www.instagram.com/trupod/
24 minutes | Oct 6, 2021
Skyrocketing Rents are Creating a Housing Crisis
It's safe to say that we're facing a serious problem when it comes to finding affordable housing in the United States. There have been many articles written about what the causes of this crisis are but today I'm going to show you some numbers and data from recent studies so you can see for yourself exactly how bad things really are.Buying a house is one of the most important decisions that we make in our lifetime. It's also one of the biggest investments so it's really important to know what we're getting into before we jump in. There are many factors, but today I want to talk about some common misconceptions and home buying trends that may not be around much longer that could impact your next home purchase.
26 minutes | Sep 29, 2021
Millennials And The Housing Market: A Rant On Life
In this episode, I want to talk about the challenges that are currently faced by millennials who are trying to buy their first home. The housing market has been steadily rising for years now but what does that mean for millennials? It means that not only are you struggling with student debt or trying to save up money before making any kind of purchase, but also battling against inflated prices on houses.
19 minutes | Sep 22, 2021
Housing Market Shortage: "Not in My Back Yard Syndrome"
Are you interested in the housing market? The housing market is a complex and constantly changing environment. We’ll help you understand what’s going on so that you can make informed decisions about your real estate investments. You want to be able to stay up-to-date with all of the latest information, trends, and strategies related to real estate investing. Our podcast will provide valuable insight into how the industry works and how it affects your life as an investor or potential homeowner. It also provides actionable advice for making smart investment choices that will benefit both yourself and society at large. And we do it all while having fun!Listen Now!
24 minutes | Sep 14, 2021
When Will The Housing Market Get Better for Buyers?
#HousingMarket #TruPodcast #TruTalkForbearance, Evictions, and Foreclosures - these three things will affect the housing market in the coming months. And if you want to be a smart buyer who knows how to navigate this housing market, then you’ll listen to our podcast where we break down each of these factors so you can make better decisions when buying your next home.You won’t want to miss this podcast because we have all of your questions answered for you so tune in now! And if you like what you hear, share it with your friends on social media so they can get their questions answered too!Show Notes:https://www.mba.org/2021-press-releases/september/share-of-mortgage-loans-in-forbearance-decreases-to-308-percenthttps://www.census.gov/data-tools/demo/hhp/#/?measures=EVICTFORhttps://www.attomdata.com/news/market-trends/foreclosures/attom-august-2021-u-s-foreclosure-market-report/
26 minutes | Sep 8, 2021
The Housing Market: Crash vs Growth..And Some BS!
In Today's episode, we're going to talk about the housing market - specifically whether or not there will be a crash and what people are saying about it. We'll also go over some interesting facts like if millennials really love buying houses or not. Let me know if you have any questions down below in the comments section!The housing market is a huge deal to everyone, and it can be really tough to get your head around all of the hype. So I'm gonna break down everything for you: from how much houses are worth right now, why prices might go up or down in the future, and what this means for YOU! Show Notes:1. https://www.cnbc.com/2021/09/07/48percent-of-renters-worry-they-wont-ever-be-able-to-buy-a-home.html2. https://fortune.com/2021/09/07/home-buyers-housing-market-inventory/3. https://fred.stlouisfed.org/release/tables?eid=259515&rid=2494. https://www.mba.org/2021-press-releases/september/share-of-mortgage-loans-in-forbearance-decreases-to-323-percent
21 minutes | Sep 1, 2021
Housing Market: How the Eviction Moratorium Screwed Renters and Landlords!
In this episode, we'll take a deep dive into the effects of the eviction moratorium and how it screwed renters and landlords alike.If you're a renter or landlord this podcast might be of interest to you. The Supreme Court just recently overturned the CDC Eviction Moratorium, which has, in turn, will cause more issues for the housing market in the coming months and years. While it sounds like a good idea on paper, there are some unintended consequences that we need to explore together before making decisions about what's best for us as individuals and as a society.The Housing Market: Are We Going to Experience Another Bubble?The housing market is a delicate balance of supply and demand. By overturning the eviction moratorium, the housing market could see between 2 million and 4 million families being evicted. The federal government had set aside over $50 Billion in rent assistance. The problem is simply this, the monies cannot get distributed and now renters and landlords alike will be affected.Show Notes:Why the overturned eviction moratorium may be too little, too late for both renters, landlordsWhile eviction filings are expected to ramp up, it is unclear how quickly already backlogged courts can process new filings, or how effective the remaining patchwork of state and local protections will be in keeping renters in place until they secure rent relief.https://finance.yahoo.com/news/overturned-eviction-moratorium-may-be-too-little-too-late-for-both-renters-landlords-133545275.htmlShare of Mortgage Loans in Forbearance Remains Unchanged at 3.25 PercentThe Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance remained unchanged relative to the prior week at 3.25% as of August 22, 2021. According to MBA's estimate, 1.6 million homeowners are in forbearance plans.https://www.mba.org/2021-press-releases/august/share-of-mortgage-loans-in-forbearance-remains-unchanged-at-325-percentA tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratoriumhttps://www.washingtonpost.com/business/2021/08/01/tsunami-deferred-debt-is-about-hit-homeowners-no-longer-protected-by-foreclosure-moratorium/Goldman Sachs: 750K households face eviction this yearhttps://thehill.com/policy/finance/570061-goldman-sachs-750k-households-face-eviction-this-year?rl=1
20 minutes | Aug 25, 2021
3 Ways NOT to prepare for the next housing bubble!
In this episode, I'm going to show you some of the most common ways that black swan events can disrupt and ruin your life. We're all familiar with the phrase "black swan theory", which was coined by Nassim Nicholas Taleb in his book The Black Swan. It refers to an event or occurrence that deviates beyond what is normally expected of a situation and has a major impact on its surroundings - often shocking those who were not expecting it. But what are they? And how do you get ready for them? Let me break down some things you should know about black swans before they happen to you! Home Sales Rose for the Second Straight Month:Home sales rose for the second straight month but were barely higher than in July 2020.The inventory of homes at the end of July stood at 1.32 million, down 12% from a year ago, but that is a smaller annual decline than in recent months.The median price of an existing home sold in July was $359,900. That is a 17.8% increase compared with July 2020.https://www.cnbc.com/2021/08/23/home-sales-rose-in-july-as-demand-outpaced-slightly-stronger-supply.htmlHousing Market Black Swan Bubbling:Record low-interest rates, historically tight inventories, and the COVID-19 pandemic pulling forward the flight from city centers to the suburbs have sparked an unprecedented rise in U.S. home prices.Home prices soared by a record 16.6% year over year in May, according to the national Case-Shiller index, and are now 38.1% above their 2006 peak.Home prices soared by a record 16.6% year over year in May, according to the national Case-Shiller index, and are now 38.1% above their 2006 peak.https://www.foxbusiness.com/economy/housing-black-swanShare of Mortgages in Forbearance:The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 3.26% of servicers' portfolio volume in the prior week to 3.25% as of August 15, 2021. According to MBA's estimate, 1.6 million homeowners are in forbearance plans.https://www.mba.org/2021-press-releases/august/share-of-mortgage-loans-in-forbearance-decreases-to-325-percent
28 minutes | Aug 18, 2021
The 3 Warning Signs that Indicate an Impending Housing Bubble!
In this episode of the TruPodcast, we’re going to explore the 3 warning signs that will tell you if a housing bubble is about to burst. It’s no secret that we’re in a time where the housing market is booming, but don’t get too excited because there are some very telling signs that say our party might be coming to an end soon. So before you invest your hard-earned money in your next investment property or buy a home, make sure you listen to this episode so you can avoid making costly mistakes later on. There are signs of an impending housing bubble, but we are not talking about some data points that could tell us whether or not the housing market will crash. Prices are above the housing bubble levels of 2006. Prices have set several record highs in 2021, while the housing supply was ill-prepared for the increased demand due to the pandemic. Additionally, the housing market has been experiencing FOMO, which has driven the prices of the housing market to a point where a substantial portion of potential homebuyers cannot afford to buy. https://www.businessinsider.com/us-housing-bubble-home-price-inflation-rent-costs-market-2021-8 More Small Houses are Hitting the Market. Will These Houses Slow the Impending Housing Bubble? The share of small houses that were for sale in July 2021 increased. But will these houses make it more affordable for homebuyers going forward? A small house as defined by Realtor.com is between 750 and 1,750 square feet. The average median for these types of houses in July 2021 was $385,000. https://www.businessinsider.com/small-house-listings-increasing-amid-improving-housing-market-2021-8 The “F” Word that Could Cause an Impending Housing Bubble For the first week of August, homeowners that are in forbearance came in at 1.6 million. Overall, that is a reduction from 3.40% to 3.26%. This segment of homeowners is in jeopardy of losing their homes. You might be saying this sounds like our last housing bubble, but this time it is different. There are more homeowners that are using forbearance as a financial tool, but unfortunately, forbearance is not a tool that you should use for a long period of time. https://www.mba.org/2021-press-releases/august/share-of-mortgage-loans-in-forbearance-decreases-to-326-percent
24 minutes | Aug 11, 2021
Success isn’t all about the money! Two Skills You MUST Have to Succeed!
How Successful Will These Young Adults Really Be in Life? We often think that if we want success, we need to have a lot of money in the bank account or be born into it. The truth is that you should possess two skills: reading and math. These two skills are the foundation of every profession and any job position that requires attention to detail. Without them, you cannot succeed in life! In the latest episode of TruPodcast, we discuss how a State passed a law that will not require a high school graduate to be proficient in their reading and math skills. How do you think that will impact these young adults in the future? Also, we’ll talk about the housing market, your money, and how debt is growing at alarming rates in some States. Show Links: https://www.oregonlive.com/politics/2021/08/gov-kate-brown-signed-a-law-to-allow-oregon-students-to-graduate-without-proving-they-can-write-or-do-math-she-doesnt-want-to-talk-about-it.html https://www.cnbc.com/2021/08/10/3point4-million-americans-are-still-long-term-unemployed.html https://www.cnbc.com/2021/08/11/cpi-report-july-2021.html https://www.cnbc.com/2021/08/10/us-states-with-the-most-credit-card-debt.html
23 minutes | Aug 4, 2021
Stay The Same Or Become Greater: Which One Will YOU Choose?
Infrastructure Bill Pulls Billions from EIDL Loan & Grant Programs -The Senate announced a $1 trillion infrastructure bill that would make use of the Economic Injury Disaster Loan program, which currently holds roughly $30 billion in unspent funds. -The Infrastructure Investment and Jobs Act would claw back $13.5 billion from the EIDL program, and another $17.6 billion in affiliated grants for businesses in low-income areas to provide more funding for the infrastructure bill https://www.cnbc.com/2021/08/03/senate-infrastructure-bill-pulls-31-billion-from-eidl-covid-disaster-loan-program.html Housing Debt Jumps $15 Trillion in Latest Quarter -The fastest growth of debt since 2007 (Last downturn) -Mortgage loan originations over the past year have totaled $4.6 Trillion, which equates to 44% of all outstanding home loan balances https://www.cnbc.com/2021/08/03/household-debt-jumps-by-the-most-in-14-years-to-nearly-15-trillion-in-the-second-quarter.html CDC Eviction Moratorium is in place until October 3, 2021 -CDC uses resurgence of COVID-19 to put the ban in place -New order could be challenged in Courts due to the legal position of the US Supreme Court https://www.bloomberg.com/news/articles/2021-08-04/biden-s-new-eviction-ban-eases-liberal-ire-at-cost-of-legal-risk?srnd=premium How to Change Your Life Completely in 10 Powerful Steps. Are You Ready To Change Your Life?
19 minutes | Jul 28, 2021
2 Important Numbers from the Housing Market That are Impacting You Negatively!
Housing Market Update In this podcast, I’m going to give you a quick rundown of what’s going on in the housing market and how it affects you. In this episode of the TruPodcast, I will discuss two numbers that can make your day better or worse depending on how you look at them. The first number is $361,800 which is an average sales price of a new home for June 2021. The second number is $563.40(At the time this episode was recorded), which is the cost of 1,000 board feet of lumber. Why is that number important to you and me? It tells us how much it can potentially cost us to build a brand new home. Or that back patio you want to build, but have been putting it off cause the cost of lumber has priced you out of the market. I think that everyone has been wondering what’s happening with housing prices lately? Well, we’re here for you. We’ll take a look at some of the factors affecting today’s real estate market and provide an overview of what might happen next. If you want to know more about homeownership or are considering buying or selling your own property. So what does all of this mean? Tune into this episode to find out! References Used: https://www.cnbc.com/2021/07/29/pending-home-sales-drop-in-june-.html
20 minutes | Jul 21, 2021
The Crazy Housing Market of 2021- Rent Increases, and Life-Here’s What You Need to Know to Survive!
The cost of living has been steadily increasing for years, and it’s not getting any better. In this TruPodcast, I’m going to explain the housing market in eight minutes with my own twist on how it all works. So you think the housing market is soaring? Maybe you should take a closer look. In this podcast, I break down how rents are increasing and what it means for your wallet and the broader economy. You’re spending more and more of your paycheck on rent. But the crazy housing market is making it impossible to find a place that fits into your budget? We get it, we’ve been there too! The median U.S. home price has risen to a new high of $363,300 as strong demand pushes the number of homes sold higher than ever before! The National Association for Realtors (NAR) said that existing-home sales rose 1.4% in June from the prior month and have increased by 22%. What does this mean? We will share some of our thoughts on all of this! Housing Market Explained: Here’s why:1) People are making more money but not enough to cover rent increases with their income alone; 2) Baby Boomers need to sell homes before they retire or face losing equity; 3) New home construction isn’t keeping up with demand so prices keep going up. I’m going to tell you all about the cost of living and why it’s so expensive nowadays. It’s not just rent that has increased but also housing prices which are a big reason for people being unable to afford a house these days. So sit back with your coffee or tea and let me explain everything in detail. Links to Articles from the Podcast: https://www.businessinsider.com/single-family-house-rent-skyrocketing-especially-in-the-south-corelogic-2021-7 https://www.cnbc.com/2021/07/20/builders-pull-back-as-more-homebuyers-are-priced-out-of-the-market.html https://www.wsj.com/articles/big-landlord-launches-5-billion-house-hunt-11626781403?mod=flipboard
27 minutes | Jul 14, 2021
Inflation worries, Buyer’s remorse….REALLY?
Inflation, buyer’s remorse, fear of missing out. You’re not alone if you feel like the economy is talking to you. I want to talk about how we all have this little voice in our head that talks about economic worries- inflation, debt load, and more. It can be hard to know what will happen next when it feels like everything is changing too quickly for us to keep up. But worry no more because today we are going to talk about these fears one by one and get all your questions answered so you can sleep easy at night knowing everything will work out just fine. Links to articles: https://www.cnbc.com/2021/07/13/consumer-price-index-increases-5point4percent-in-june-vs-5percent-estimate.html https://www.wmur.com/article/many-homebuyers-are-dropping-out-the-market/37001783 https://www.investing.com/commodities/lumber The post Inflation worries, Buyer’s remorse….REALLY? appeared first on TruVest.
18 minutes | Jun 30, 2021
FOMO: The Realities of the Housing Market & Your Wallet
#TruPodcast #Phoenix #Housing #FOMO In this episode, I’m going to break down the realities of the housing market and how it is impacting your wallet. Hi there, my name is Ryan DeMent and today I want to talk about something that’s been on everyone’s mind; FOMO- Fear Of Missing Out. We’re all feeling it when we see prices only go up instead of coming back down but in this episode of the TruPodcast, I’m going to share with you some real facts on how much homes are really costing these days. The post FOMO: The Realities of the Housing Market & Your Wallet appeared first on TruVest.
10 minutes | Apr 14, 2021
The Housing Market is Stealing Your Money
In today’s housing market there is a tremendous amount of pressure on homebuilders, homebuyers, and renters. And if you are starting to fill the financial sting in your wallet you are not alone. It is costing more to build, purchase, and rent homes in today’s housing market. Make sure you do not get FOMO from this housing market! Be different and wait and see how the market plays out since 1. interest rates are going up, which has already cost a homebuyer at least $30,000 in purchasing power. 2. Housing supply is at an all-time low and homebuilders have slowed their building due to lumber pricing pressures. 3. Rents across the nation are increasing and with the housing shortage. Landlords are raising rents to annual state maximums or selling their investment properties outright. #TruPodcast #HousingMarket #FOMO The post The Housing Market is Stealing Your Money appeared first on TruVest.
10 minutes | Mar 29, 2021
Life, Housing, and Coaching….Maybe Not In That Order
Season 3 Episode 2: Life, Housing, and Coaching Life sure has given me a full plate the last several months. And I too have had challenges getting back to “normal life”. Things are getting better each day, and each day that I choose to move forward is a positive step. The housing market is going crazy right now. I am in Arizona, specifically, Maricopa County and houses here are going for $30,000, $40,000, and even $50,000 over the asking price. THAT IS JUST CRAZY! The price of homes at some point has to cool off. Right now there are 2 months of standing inventory in the market. Typically, there are anywhere between 4 to 6 months of inventory in a non-COVID housing market. About a week ago I had the pleasure to speak with a potential coaching client about her financial goals and dreams. This client is over the age of 60 and has rented all her life. And she was finally ready for change. But she was stuck on one item. She wanted everything to be perfect before she would even take a step forward. Change is NOT perfect, but change is deciding to take that first step away from your past. Until you do that your past will control your today and future! In the coming weeks, we will be launching our coaching group, TruCoaching! Along with our non-profit, TruCommunity, we will be able to help clients from a financial aspect all the way to purchasing a home. Be on the lookout for more details. Thank you for tuning into the podcast and I will see you on the other side! Have a great productive day! The post Life, Housing, and Coaching….Maybe Not In That Order appeared first on TruVest.
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