resources
Fed Chair Jerome Powell holds new conference after rate decision 3/16/22
Hello, I wanted to get this video out to explain the Fed Rate Hike today and how that will impact you. What? - The Fed increased rates starting today and up to seven more times. Why? - They need to do this to slow down inflation, which means they need to slow down the speed at which the economy is growing. When? - They started today. How to protect yourself? - You need to review and convert all of your short term debt ( equity lines, credit cards, etc.) and move into long term debt ( mortgages, e.g., 30 Yr Fixed Loans )
Financial Literacy Classes Are Now Required In Florida High Schools
Hello, I wanted to get this video out to highlight the recent law about requiring high schoolers in FL to take financial literacy classes. These classes will be essential life skills, from balancing a checkbook to purchasing a new home. I firmly believe most states will follow this movement to require these classes. Being in the mortgage industry for 27+ years, I've seen firsthand some of the negative conciseness of poor money, credit, and debt management, which carries on with them into their home-buying years and would negatively impact them purchasing their first home.