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Shana Acquisto and Mike Acquisto, Broker of Acquisto Real Estate discuss the most pressing real estate topics each M-F at 8:45 am central on Acquisto Real Estate TV, a blooming real estate Talk Show.

Timestamps:
PreLive : (0:00)
Daily Overview: (0:14)
Getting clients to the closing table - 3 Ways Lindsey can help : (0:50)
What does Lindsey do with clients? : (9:28)
Million dollar baby : (17:16)
That's a Wrap : (27:46)
The End: (27:58)

About Lindsey
Financial Educator - I teach people, specifically women, How Money Works! I have a true passion for helping women become empowered through personal finance and growing their wealth.
(309) 838-5754

Topics covered today:
Daily Overview
Lydsey Monahan introduction - financial educator and financial advisor
3 examples of how Lyndsey be of assistance and lead them to the closing table

Getting clients to the closing table - 3 Ways Lindsey can help:
1. Preferred asset in balance sheets
Mortgage broker will go through the balance sheets
Permanent life insurance policy - they will hold cash value , low interest rate, they are paying themselves back.
There will be significant amount of cash.
Example: Client that wanted to buy a commercial property in Dallas - he will be able to cash the money from the life insurance.
You need to know where the money is coming from
Cash value life insurance.

2. 401 k Plan
401 k and other plans available
if the client is +59 years old they can access to the value in the plan without any penalties
They can also take a temporary loan in 401k plan
First time home buyers
First time home buyers have a special exemption (removes taxes and penalties from IRS) and they can still use the 401k plan
They can take money from 401k plan and need to put it back in 45 days

3. Mortgages
See pension plans, and fees to withdraw cash
See mortgage balance sheets and walk through the process with clients.

What does Lindsey do with clients?
The total circle represents their income, then cut it in half - 1/2: household expenses (water, power bills, mortgage) , 1/4 taxes, 1/4 debt.
Very few people have savings.
After you know their goals, where they want to be in the future.
They have now financial education, then they need to know money concepts.
How to make the savings portion bigger for the clients: reduce taxes, reduce expenses / we try to make the savings portion bigger.
How to leverage taxes, savings and investment plans.
Identify their goals, where they are now and where they want to be.
Work with a budget, spreadsheet and network statement.
Lynsdey is a financial professional that makes the first consultation for free.

Million dollar baby
It is a way to help leave an inheritance insurance for your children
Million dollar baby is a common sense strategy that empowers families to create a legacy for their children without having to be wealthy.
There are 2 plans: 1. save up money every month or 2. retirement when they are young
3 realities: longevity, we live more and you need that money for your own retirement,
medical bills
long term care: there are big expenses that could happen
Time- take advantage of it
Compound interest - money in savings that is making interest
Time value of money - money saved today is worth more of money saved tomorrow
Wealth protection - safeguard money from being used

Options to save money:
1. Dana - one time $13,000 from age 1 - 67 for her child
2. Hector - $2,000 + $12,000 (250 per month for 4 years)

That's a Wrap
Getting Clients to the Closing Table
What does she do?
Million dollar baby

transcript:

Acquisto TV Playlists:
1st time homebuyer:
Client Playlists:
1st Time Home buyers
New Construction Purchase
Luxury Buyers ($750k +)
Super Premium Buyers ($2MM +)
Home Sellers
Luxury Home Sellers ($750K+)
Super Premium Sellers ($2MM+)

Agent Video Playlists:
Real Estate News
This & That Playlists:
This & That-- Latest Episodes
use this and that logo and find a way to say latest episodes on it.
This & That-- Guest Episodes
use this and that logo and find a way to say guest episodes on it.
This & That-- Greatest Hits
use this and that logo and find a way to say greatest hits on it.
This & That-- Bloopers
use this and that logo and find a way to say -- bloopers on it.
Listing Videos:
Find a way to use the agents logo or photo to put together a playlist graphic for each agent.
we would put all their listing video's under this.

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#real estate coaching mentoring
#realtors near me