Are You the Next Billionaire?

Personal responsibility played a very big part in creating the financial meltdown mess of the last couple of years. Many homeowners failed to understand the consequences of exotic loans, and the unscrupulous people in the real estate profession took advantage of that ignorance. Would so many people have bought homes they couldn’t afford if they had a better grasp of the consequences of resetting interest rates and negative amortization?  Was it the best approach for building financial security? My guess is, no.  I make it a point to refer my clients to reputable lenders within my network. Also, I try to give those clients as much information personally and reiterate that advice on Real Estate Insight, so that they can make informed financial decisions. A recent Real Estate Insight guest has taken informed decision making to an even higher level.   Robert Bailey, author of The Billionaires Little Black Book, The Ultimate Secret Behind Sustainable Wealth spoke with us about the theory behind his new book.   Pointing out that you have a better chance of becoming a billionaire than you do winning the lottery, Rob has taken the knowledge he has garnered from years in financial management and developed a seven point strategy  for managing personal and professional business decisions, investment decisions, and life choices. Stressing the importance of a team approach to your finances, Bailey devotes a chapter to how a trusted Real Estate advisor fits into this plan.  It is a quick read, but filled with great information.  So, check it out and maybe you will be the next billionaire.