Top Tips on Financial Security in the Current Climate
We caught up with Erica Esquivel, the Designated Managing Broker for TRP Realty - an initiative of The Resurrection Project -, to hear about financial wellness in the current economic climate.
Tell us more about The Resurrection Project and how you help clients.
TRP Realty is the one-stop shop for homeownership. Whether you’re purchasing your first home, selling your current home or investing in real estate. We have all the tools to help our clients create generational wealth through real estate. From the smallest details to the greatest fortune.
How do you help clients with their financial wellness?
We help our clients commit and set a budget by working with our financial coaches, whether it is purchasing their first home, saving for a second home or creating an emergency fund we offer these services at no charge to the consumer. Our coaches help them learn about debt and how to manage it and the importance of building good credit.
What are the challenges you face with this considering the current turbulent financial landscape?
Economic and political uncertainty prevails, while the risk of asset bubbles and inflation is rising in different parts of the world. There is a lack of affordable housing throughout Chicago and its surrounding suburbs. Where working-class families are not able to find properties within their budgets based on their income.
What are the key tips you can offer our readers when it comes to financial security in the current climate?
Be alert of your financials. Try to cut your expenses, pay down your debts as much as possible. If you want to reach financial security, you need to take advantage of your greatest wealth-building tool: your income. So, whether you’re trying to find money to build your emergency fund, pay down debt, or invest in something in the future…learning to manage your paycheck is the best place to start.
What goals are you working towards in the new year?
One of my goals this year is to really work on my marketing. God has blessed me with business that I have not fully mastered the marketing component of real estate. I can be a bit timid when it comes to social media but now more than ever, I understand the importance of just being out there!
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