Real Estate Realities @ Garvens Group of Churchill Mortgage
Let’s be frank. Real estate brings out the stupid in everyone. Six years ago, for the first time in most of our lifetimes, our economy was nearly destroyed because of the dumb practices and stupid decisions of a lot of people. Yes, most of those decisions were made by government officials and bankers. But the worst were made by Main Street consumers. This isn’t because most people are stupid or incompetent or greedy. It’s because the real estate world has its own reality.
Jay-Z or Gen Z: Who Do You Want to Rap with? @ Garvens Group of Churchill Mortgage
rick question. The market decided for you, and it isn’t Jay-Z. Right now, the US economy is transitioning between two generations with very different values: the Baby Boomers and Generation X. This is creating tension in the market and anomalies in the economy. For example, why is the stock market at record highs while Treasuries are at record lows?
Government Shutdown and You @ Garvens Group of Churchill Mortgage
Have you heard? As of 12:01 a.m. on October 1st, 2013, the U.S. federal government has been shut down. All non-essential employees, activities, and functions have been furloughed, canceled, and suspended—a consequence of Congress failing to pass a spending bill for fiscal year 2014, which began on October 1st. Each party attached stipulations to their respective spending bills that the other party deemed unacceptable.
EntreLeadership: A Day with Dave Ramsey @ Garvens Group of Churchill Mortgage
It’s a fact of language: When an idea is new and sufficiently profound, it demands an equally new and profound word to describe it. This fact was on display at the Pike’s Peak Center on October 9th, when the Garvens Mortgage Group team, through its association with The Jay Garvens Show and KRDO News Radio, attended Dave Ramsey’s EntreLeadership seminar.
Power of a Generation Part 2 @ Garvens Group of Churchill Mortgage
There’s a peculiar theory of economics that lives inside the popular imagination of most Americans. It’s a theory that resembles a story. Like most stories, it’s peopled with heroes and villains, and these heroes and villains are invariably presidents. It begins with that villainous President Coolidge, who wrecked the economy, and that heroic President Roosevelt, who saved it. It goes on to Carter, who made the economy comatose, and Reagan, who resuscitated it...
Like Obamacare for Mortgages: Consumer Financial Protection Bureau (CFPB) Sets New Rules for 2014 @ Garvens Group of Churchill Mortgage
“Writing laws is easy; it’s governing that’s difficult.” Our government seems to conflate these two notions. It may be that our politicians think if one law is good, more laws must be better. It may be they think that, since Congress exists to pass laws, the more they pass the better they must be doing. Last year, the news media reported, quite ominously, that the 2012 Congress was the most “unproductive” in a generation, passing fewer laws than any Congress in memory.
Jay Talks about “The Travelers Gift Seven Decisions That Determine Personal Success” a book by Andy Andrews @ Garvens Group of Churchill Mortgage
My inspiration for this week’s show comes from an invaluable book by Andy Andrews titled The Traveler’s Gift: Seven Decisions that Determine Personal Success. In The Travelers Gift, Andrews uses seven fictional, historically based narratives to illustrate key pieces of wisdom to help his readers achieve success.
The Generational Parade: The Greatest Generation to the Millennials @ Garvens Group of Churchill Mortgage
That’s, of course, the sound a parade makes, and this week we spent time discussing the Generational Parade. If you’re not familiar with the Generational Parade, you should be: It not only affects every aspect of your life, but you’re marching in it right now. We all are. Normally, I march somewhere near the middle, but today I’ve got my tasseled hat and marching baton, and I’m leading this parade.
Bold Predictions for Baby Boomers @ Garvens Group of Churchill Mortgage
The Baby Boomers have had sixty years to prove they aren’t a mob of profligate spendthrifts, and they’ve failed to do so. Their saving’s rate is negative. They have massive credit card debt. They have mortgages. They have second mortgages. They use every financial tool they can access to ensure they can live beyond their means.
Ben Bernanke a.k.a. “Helicopter Ben” Prepares to Land Circling and circling without a Volcker Moment in sight @ Garvens Group of Churchill Mortgage
When Ben Bernanke prays, he must sound like St. Augustine: “Lord, make me prudent—but not yet!” The minutes of the Federal Reserve’s most recent board meeting illustrate this indecisiveness perfectly....
Helicopter Ben the Show @ Garvens Group of Churchill Mortgage
Consumer confidence is down significantly—a result of the recent uptick in interest rates and generally lackluster economic news that has persisted throughout the summer and fall. Housing inventory is at a 10-year low, suggesting new home construction has not increased significantly. However, because of this, home prices are up 4-5% year-over-year in the Colorado Springs area. This is great news for anyone who had hoped to refinance but whose equity was prohibitively low...
If I Could Turn Back Time: Reverse Mortgage @ Garvens Group of Churchill Mortgage
the single most important mortgage product of the foreseeable future is the Home Equity Conversion Mortgage, HECM, or Reverse Mortgage. Fundamental shifts in America’s economy demographic makeup suggest reverse mortgages will continue to grow in popularity. As the Baby Boomers begin retiring at a rate of 10,000 each day, and as the economy continues to lag, more and more people will seek and utilize new financial instruments that are both safe and offer a reliable source of income.
Rich & Poor, Young & Old, Timid & Bold @ Garvens Group of Churchill Mortgage
If I were to take a random sample of individuals, then ask them three questions entirely unrelated to finances—for example, how much TV they watch, how early they start their day, and how often they exercise—I could arrange them by income with near-perfect certainty. This is because one’s relative wealth, whether relatively rich or relatively poor, is largely the product of lifestyle choices, which in turn are largely the product of learned cultural values and personal temperament.
I’m Coming Home @ Garvens Group of Churchill Mortgage
This week’s show is meant to complement last week’s, so if you missed it I recommend checking it out in the archives. Briefly, last week’s show explored the behavioral patterns of three demographic and temperamental dichotomies prevalent in today’s culture: the young vs. the old; the rich vs. the poor; the timid vs. the bold. We saw how the old, the rich, and the bold make certain lifestyle choices that readily lead toward more successful, productive lives.
Twas the Night Before Christmas @ Garvens Group of Churchill Mortgage
Twas the night before Christmas, when all through the house Not a creature was stirring, not even a mouse. The stockings were hung by the chimney with care, In hopes that St Nicholas soon would be there.......
Ho Ho Ho and High Trust Relationships @ Garvens Group of Churchill Mortgage
As 2013 winds down, and we prepare to venture into a new year, it’s a good time to reflect on the past twelve months and consider what resolutions you’ll make for the coming year. I haven’t yet settled on any resolutions myself, but I have had cause over the past year to remember a resolution I made over 15 years ago, when I first started in the mortgage industry. That resolution was to commit myself to offering a high trust relationship to each of my clients.