ISSUE #2
INVESTING IN YOUR HOUSE
WHAT IS THE MOST POPULAR ROOM IN YOUR HOUSE?
The kitchen.
WHY?
Because most potential buyers find it very important.
WHAT EXTRAS INCREASE THE VALUE OF A KITCHEN?
Granite or quartz countertops.
Commercial grade stainless steel range hood with glass accents.
Dual wall ovens.
A wine fridge.
DO I INVEST IN THE BASEMENT?
Yes.
HOW?
Buy a home with high basement ceilings.
WHAT ADDS VALUE TO A BASEMENT?
A media room.
WHAT DO I INCLUDE IN MY MEDIA ROOM?
A 60-inch LCD-TV with surround sound.
Cabinets & shelves to house the electronics.
6 leather theatre-style seats.
A bar.
DO I INVEST IN BATHROOMS?
Yes.
HOW?
Create a master bathroom with a spa feel.
Space for 2 sinks.
Porcelain sinks.
Granite top.
Separate shower and tub.
HOW CAN I SAVE SOME MONEY
If you can, do it yourself.
WHAT CAN I DO MYSELF?
Hardwood laminate flooring.
WHAT SHOULDN’T I DO MYSELF?
Carpet installation. Pros can do the job faster and better than you can.
IS ALL OF THIS WORTH THE ADDED EXPENSE?
Yes.
Not only will you enjoy your house more
but you will be able to sell it at
more than the money you invested in it.
THE MOST POPULAR
FINANCIAL BLUNDER
Not saving enough.
69% of men have less than 6 months of living expenses on hand.
If you’re single and depend on only one stream of income, it’s dangerous.
SITUATIONS WHEN YOU WILL NEED YOUR SAVINGS
What are the chances you will get fired or laid off?
How long will you need to get another job?
What happens if you get sick and incur a major medical expense?
HOW DO YOU FIX THIS?
Aim for a six-month cushion.
Start a retirement fund.
Increase your contribution to your retirement fund each time you earn a raise.
HOW CAN I SELL
OLD JEWELRY?
Don’t go to pawn shops.
Don’t go to gold-buying services.
DOs
Go on eBay if you have a brand-name jewel such as a watch.
Go to dealers and ask them to bid.
6 MONEY CONVERSATIONS
YOU NEED TO HAVE
ARE YOUR PARENTS FINANCIALLY FIT?
HOW MUCH WILL YOU INHERIT?
WHY DOESN’T YOUR GIRLFRIEND CHIP IN ON DATES?
HOW MUCH MONEY DOES YOUR WIFE WANT TO MAKE?
CAN YOUR BUDDY REALLY AFFORD THAT NEW CAR?
DOES YOUR KID REALLY NEED THAT PRICEY PROM DRESS
OR ELECTRIC GUITAR?
4 SELF-DELUSIONAL
MONEY TRAPS
DON'T COUNT ON FUTURE INVESTMENT SUCCESS
That’s hope. Not certainty.
That’s hope. Not certainty.
WATCH OUT FOR COLLATERAL COSTS
e.g. additional expenses to car payments: gas, maintenance, insurance.
e.g. additional expenses to car payments: gas, maintenance, insurance.
CUT YOUR LOSSES SHORT
Check the ego.
Check the ego.
DON'T CONFUSE SKILL WITH LUCK
Luck: When you own a stock which goes up in a bull market. Skill: When you investigate before you invest.
Luck: When you own a stock which goes up in a bull market. Skill: When you investigate before you invest.
CONTACT
robin.behar@gmail.com