Skip to main content

What if we eliminated all the mortgages?

National Mortgage Professional
Mar 10, 2009

Start the New Year with a plan: Time for a long-term strategy Dave Hershmanpriorities, resolutions, motivation, sales leads, business enhancement, career goals So, how do you make resolutions for the New Year when we are in the midst of such a challenging economic environment? Should we just make the usual commitments that are abandoned by President's Day? Or perhaps we should take a long-term view at the present time. First, we should begin by deciding what is important to us. Day-by-day, we seem to get lost in the challenges of daily life. It is hard to think of the long-term when we are stuck in traffic and cannot get to our next appointment. It is hard to think of saving for retirement when we are trying to make the next mortgage payment. Isn't this an opportune time to ask at what juncture we will address the significant things in life? So what is important? Health There is nothing more important than one's health. Today, medical advances have made a longer life possible for the average citizen. For those who do not take advantage of todays advanced medical techniques and knowledge, a longer and healthier life is not assured. What can you do to be healthier? The rules are easy: Stop smoking, exercise regularly, eat sensibly and see your doctor on a regular basis. As easy as these rules are, how many make resolutions each year based on these things and never follow through on them? Lower stress levels Doesn't it seem as though each year we have more and more time-saving devices, yet less time? More significantly, each device which allows us to be in constant contact with the business worldfrom cell phones to wireless modemsmakes it harder and harder for us to just "get away from it all." Many of us return from long weekends without piles of phone messages. That is the good news. The bad news is that we are answering e-mails while we are away and supposed to be relaxing. So how do we reduce stress? Take some time every day to refresh and recharge our batteries. It does not have to be hours, it can be minutes. Clear away the thousands of thoughts and just think about being relaxed. Get a massage. And here is the good news: Less stress means a healthier life! Move toward financial security Want less stress in your life? Have a financial plan which is helping you move toward your long-term financial goals. It is never too late to begin a savings plan. Take advantage of your company's 401K program. If you have children, are you putting money away for their college education? If you have an investment portfolio, is it being reviewed for long-term objectives, such as diversification and protection against inflation? Make your career more rewarding Before you determine your annual goals, determine what will make you a success in your eyes. Is it earning enough income to provide a secure future for your family? Is it advancing within your company? Is it starting your own company and being your own boss? Nothing is more stressful than working hard every year and feeling that you never get ahead. First, you must determine what getting ahead means to you. Then, you must take the steps necessary which move you in the right direction. Perhaps it is adding skills such as computer programming. Or perhaps it is additional sales training. There is no better time than now to make progress toward determining long-term strategies. If you did not spend some time during the holiday season, sequester yourself away and think about what your long-term strategies should be. Though we have made a few suggestions in our first edition of the New Year, you may have other ideas. Your strategies must be your own. Though input from family, friends and even employers may help guide you, this is a road you will travel by yourself. I hope to help guide you with thought provoking articles throughout the year. Dave Hershman is a top speaker and leading author in the mortgage industry with seven booksincluding two best sellers for the Mortgage Bankers Association. He also delivers his targeted "Joint Venture/In-House Loan Officer Training" for the industry. For more information, call (800) 581-5678 or e-mail [email protected]
Published
Mar 10, 2009
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021