REALTORS? may retire BROKE?

Realtors and real estate agents are generally TERRIBLE at saving money. Often by the time they receive their commission countless amounts of fees have already been taken out by their brokerage leaving them very little. Then somehow they need to reserve a portion for taxes and take another cut out of that commission to build their business and manage to survive on what's left.

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GoBankingRates had a recent report stating that most Americans have less than $10,000 saved and could retire BROKE.

My fellow real estate agents, according to a recent article in Realtor Magazine, if you plan on NOT showing and selling houses by the time you are 65 years of age, “You need to plan for at least 20 more years of income,” WOW! So unless you plan on working till the age of 85 to maintain your lifestyle, now is the time to think about things.

Some real estate agents and Realtors you may know may have passive income rental property or passive income investments and are living off rental income. What is that is NOT you?

If you have anxiety after reading the articles above, don't worry. You do have options. Just do your diligence because knowledge is power.

LIVE WEBINAR SUNDAY 8PM or TUESDAY 6pm EDT

Since the definition of insanity is doing the same thing over and over expecting a different result, if you find that you are on a hamster wheel in your current business I ask you these questions.

• Does your brokerage help you to diversify your income?
• Does your current brokerage pay you while you sleep?
• Does your current brokerage reward you with $200 of stock every year when you close your first transaction?
• Does your current brokerage reward you with $400 of stock every year when you cap
• As a team leader did your current brokerage reward you with $400 of stock when your team member you introduced to them closed their first transaction?
• As a sole agent has your brokerage rewarded you with $400 worth of stock when you introduced a friend to your brokerage?
• Does your current brokerage give you the ability to receive your ENTIRE cap that you have paid them back each year in an equity award?
• Does your current brokerage give the ability for your heirs to have an income stream monthly LONG after you have left this Earth?
• Does your current brokerage give you an ability to still have income coming in while you take time off for a personal matter or God forbid if you or a loved one were battling things such as cancer or a broken bone or other debilitating diseases? After all in real estate we are 'usually' only as good as our next sale.
• Does your current brokerage give you a strategy to think of your real estate career after retirement ?

My brokerage has a solid real estate retirement strategy! I say strategy as it is not a retirement plan as the brokerage does NOT invest for you. Our strategy gives you cold hard cash and then it is up to you to do what you want with it and talk with your retirement or financial advisor on how best to save the cold hard cash that may be hitting your bank account each month. Your financial advisor can talk with you about what retirement 'plan' may be best for the self employed and other topics of discussion on solo 401k document templates, solo 401K for realtors, sole proprietor 401k etc, sepira etc.

Check out the brokerage that attracts TOP teams big and small. Check out the brokerage that is made up of about 1/3 former boutique brokerage owners or team members. Check out the brokerage that is top notch for the sole agent looking for a strategy to retire early.

What do you have to lose? It is either a good fit or it is not but you AND YOUR HEIRS may have EVERYTHING to gain. Something to think about. Join me Sunday or Tuesdays on an information live webinar.

LIVE WEBINAR SUNDAY 8PM or TUESDAY 6pm EDT

See you there!

-Lonnie Hand

#realestateagents #realestate #realestatebrokeage #exprealty