$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC March 24, 2025
REAL ESTATE INVESTMENTS

The U.S. Has Built Millions Too Few Homes – But You Can Still Buy!

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     Solutions for Middle-Class Homebuyers Amidst the Real Estate Prices Crisis Peter Thiel {see below link} summarizes why people struggle to buy a home. The US has consistently built too few homes almost every year since the housing bust got rough in 2007. Homeownership is still the best investment for legacy wealth. Over the past five years, ...

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by Powers Investments Management, LLC August 12, 2024
REAL ESTATE INVESTMENTS

2024 Strategies For My Daughter to Combat Rising Mortgage and Housing Costs

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.   YES, YOU STILL CAN BUY A HOME IN TODAY'S TRYING/CRYING TIMES Photo by Karolina Kaboompics on Pexels.com When I sold our Illinois home in 2023, we had a 2.67% interest rate.  Millions of homeowners fortunate enough to have a similar rate feel forced to stay put versus accept today’s seven percent mortgage.  We were blessed not to need ...

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by Powers Investments Management, LLC June 5, 2021
FINANCIAL LITERACY , INVESTMENTS , REAL ESTATE INVESTMENTS

IS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?

The major factor in paying your mortgage off early is prioritization of limited resources- your income. You already have a mortgage payment and hopefully, you are contributing to a 401-K plan and if you can afford it a IRA plan. If you have children you may be contributing to a 529-Plan. With above expenditures and more, only a few can afford to pay a mortgage off early. But maybe, you ...

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by Powers Investments Management, LLC March 9, 2020
FINANCIAL LITERACY , INSURANCE AND ILLNESSES

AT LAST! A POSITIVE FROM THE CORONAVIRUS – NOW IS THE TIME REFINANCE OR OBTAIN YOUR MORTGAGE

  Vice President Pence was criticized when he stated the best way for the American people to calm down - “turn off the television sets”.  I happen to agree,  as the media is feeding the panic. I work from home and keep a business/investment channel on my televisions.  But often mute the televisions because I do not want to hear paid “Talking Heads” reading or making up their opinions.  The enemy of ...

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by Powers Investments Management, LLC April 22, 2019
FINANCIAL LITERACY , WEALTH BUILDING POWERS

{PART 4 OF 4} THE SOLUTIONS TO OUR COMMON NATIONAL PROBLEMS IMPACTING EVERY AMERICAN

(OUR) GOVERNMENTS (FEDERAL, STATE AND LOCAL) MUST BE BETTER AND MORE EFFECTIVE.   WE CANNOT AND WILL NOT SUCEED WITHOUT THEIR HELP!   THE REST OF US MUST DO A BETTER JOB TOO!  {Excerpts FROM JAMIE DIMON, CEO J.P. MORGAN CHASE, CEO AND CHAIRMAN OF THE BOARD, ANNUAL LETTER- Public Policy}  “The U.S. federal government is becoming less relevant to what is going on in people’s lives. People have generally lost faith in the ability ...

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FINANCIAL LITERACY , INVESTMENTS , REAL ESTATE INVESTMENTS

IS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?

If you have purchased a home, congratulations! I am confident you did your research and made a GREAT investment. Let’s discuss pros and cons of paying off that worrisome 30 YEAR mortgage early. My opinion, if you can afford to pay your mortgage off early, do it. I have paid one off early and in the process of paying two more mortgages off early. For me at least, I sleep better! Let’s ...

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