As an older retired lady myself I have a couple suggestions. First do not become a first time landlord at your age. Being a landlord is a major hassle and tenants look at older people as someone they can take advantage of, especially an older woman. Second thought, do not rent, buy. I’ve been renting the past 10 years, every year my rents have increased and as an older lady myself renting feels more unstable every year, if something happened and the landlord asked me to leave it would be a problem. So I’m in the process of buying a house myself. Thirdly, a 5 bedroom house is a lot to clean and take care of. Personally, I would sell the house, pay cash for something smaller. As a retired person I don’t have to be concerned about the job situation in the area I would move to, so I’m buying in a small city/ large town where the economy is more reasonable and housing prices are less. Lastly, invest as much money as you can so that you will have some money that is generating investment income for retirement. Good luck nice lady, wishing you the best.

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Gloria Robinson.

@carolynvo7802

Ай бұрын

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

@Brucelanham845

Ай бұрын

You trade with Gloria Robinson too? Wow that woman has been a blessing to me and my family.

@Nguyenvictory83

Ай бұрын

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

@Jessecote875

Ай бұрын

she's mostly on Telegrams, using the user name

@Jessecote875

Ай бұрын

fxrobinson 💯 ..that's it

I would have to install a lift or something. $700!!! 5 bedrooms! I can't even find a room for that.

@karimbennett5651

Ай бұрын

Yes. It might be more cost effective to simply put an elevator in.

@dw9054

Ай бұрын

Listen they are out here asking for 750 and 800 for one room in a house.

@irenecheatom2601

Ай бұрын

In California, 2 of my sons are paying higher rent than my mortgage on my house. The 1 who’s renting the 1 bedroom is paying $2600 a month. The other son is paying $3589 for a 2 bedroom apartment. I bought my house on a lot that’s 9200 square feet with 3 bedrooms for $155K 22 years ago. Investor have been calling for years trying to buy this land in LA. I’ve been offered $700K -$710k for this. Who do you think is winning? The renters or the person who bought what she could afford.

@irenecheatom2601

Ай бұрын

Renting a room in your house in Cali can get you $750 from the county for the room per month. If not through the county then you can those military veterans organization to pay $2880/month for a 2 bedroom.

Going thru the same thought process. My home is paid for, split level; no car payments. My main thought is that I’ll have to pay to stay somewhere. With the cost of homes… I’ve decided to stay put and make accommodations

She could always renovate a room on the first floor and stay in the current house. That mortgage payment is really low.

@urblphotography

Ай бұрын

That was my thought and that would increase the value of the home in the future.

I’ll just live downstairs. The dining room will be my new bedroom lol for $700 no ma’am no ham, who moving, not me lol. But I understand a 5 bedroom is a lot definitely a good move to downsize. A lot of older people sell their home after the kids are moved out and get something more fitting for their current lifestyle.

@mimimatters3528

Ай бұрын

If she can walk away with the 225k in equity, I guess. I know in my area, I can't find anything, not even a townhouse, for less than $300k. If she can stay in that range, she will pay $75k, which is what she owes now. I guess that scenario makes sense. Comes down to where she lives & how far her money goes. I definitely would not want to take a higher mortgage.

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life

@findingpath8362

Ай бұрын

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

@arktom7335

Ай бұрын

As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

@benjaminocampo3359

Ай бұрын

Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life

@x0cat711

Ай бұрын

YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia

@Kristenshwan

Ай бұрын

This Woman has really change the life of many people from different countries and am a testimony of her trading platform .

I would buy a senior condo and live debt free

@MsMaxinejoy

Ай бұрын

🔥🔥🔥🏆🏆🏆🏆🏆🏆🏆 BEST ANSWER!!

@MsSonya6

Ай бұрын

Right ! Especially if she’s active and starting the cruise line dancing business. She’ll never be at home lol

I would keep the house and rent it out for the $1700 and pay the monthly payment of $700 and save the $1000 for at least 2 years. I’d get a senior apartment and save the money from the ship traveling and put a down payment from that on a smaller house after about 2 years. Then I’d begin dumping that $1700/month into the house until it’s paid in full. That would be in about 7 years maximum. She would be 70 with a paid off house, A New house for herself with fewer rooms, and a fully maxed out Social Security check going into her bank account monthly. Or, I’d rent out rooms in that house for $300-$400 a month for $1500-$2000 a Month. I’d still move out to get a senior apartment. That house could be paid off in 7 years. Then she’d have passive income along with her income and a social security check. She could leave both to her family when she transitions!! Either way I’d like to hear from her in about 5 years.

Man, this is tough. With the market & interest rates today I would love to see what she decided. If she sells her home I would try to get something that she could buy with no mortgage. I wonder what state is she in. But, a five bedroom/ two level is too much for a single mature person. I’d definitely not want to be a renter.

its a lot to consider, with her being older and having to walk up and downstairs. This is another good real life scenario that many retirees or upcoming retirees have to face. Hopefully Millennials and Gen Xers learn from these examples. with that said, if she had a property mgmt company that would alleviate some of the stress of managing herself. it is a housing shortage, so she absolutely would be able to rent it. A lot to consider. Good share.

Does she know what the taxes on a new build would be? She needs to get more advice

I wish I looked this good at 63, I am 53 and look 73

Great show.

Rent it out!!!!!

Can probably find someone you can trust as a roommate/tenant and let them pay the $700 mortgage

Excellent I like the idea Anthony

Wow, she is already in retirement. Maybe she could install outside stairs to go up to the upper level and if there is a bathroom up there she can rent it out and she can live in the bottom.

I made the mistake of buying a raised ranch in 2021 as a retiree. My interest rate is 2.25 at 15 years fixed. I have arthritis so navigating the stairs is difficult at times. I can't sell because interest rates are high now. I am stuck.

@thatbemefool

Ай бұрын

The stairs are what you need. They’ll keep you mobile.

@mzstacystacks3168

Ай бұрын

@@thatbemefoolhe’s literally a high falls risk with his debilitating condition it’s a safest issue that God willing doesn’t cause more medical issues should he fall with those stairs. I pray you’re no where near a healthcare professional

She should renovate her current home. She could do this with 1/2 the money she will use for a new home.

This is my exact scenario. I want to sell but only owe $70. I'm older. Please contact me so I can ask a few questions. My greatest problem is I need to sell in order to buy. No one to temporarily stay with. So worried I may not be able to find a house I can pay cash. Please send info so we can discuss this. Thanks

She should payoff the $76k on her home and the car loan of $17k then save enough for retirement

🤔very tough decision, I’d stay until after the big cruise/ charter deal

Anthony great show and advice. I’m almost sure you’ve probably explained this before but how do I reach out for investment advice ?

I think she can get a little more for her house than she thinks. I would probably stay there though but i understand why she wants to move though.

@paulawhite5699

Ай бұрын

Why do you think that?

Seeking tech sales career advice: I'm a junior data engineer pondering a shift to tech sales. Friends and colleagues think I've got what it takes. But I'm torn. Is it wise to invest more time in data engineering for stability? Then I could explore sales roles later. My main worry is hitting 30 soon. Still, I believe the right opportunity is worth the wait. Your thoughts are welcome.

Mama outchea 63 and looking fresh and beautiful. YASSSSSS

Stairs keep you youthful and healthy. At her age, mobility should be her top priority! I would not sell my home, especially at her age. I would make it my business to walk my stairs at least 10 times per day.

5.3.24

Can she co very the upstairs to rent out and concert the 1st floor to an apartment for herself

700.00!!!! I wish!! I hope she keeps it, live on the firsts floor and pays it off. No where will she get that again.

I would sell the house use 17,000 to pay off the car and take the rest to downsize to a ranch style house then boom debt free!!

Stairs are a big deal for older people. She must live in the deep south. Living in an affordable city at her age is very smart. I love her idea. Sale it.

Do not sell your house. Do not get a new mortgage at 63. Trust me, you will regret it. I understand the stairs but you are still young and it looks like you work out. You will be fine.

Do section 8 rental on it. 5bdroom they need that. I do property management let me know if you need someone :). Just saying.

Or convert home up and down and live downstairs and rent out upstairs. No one asked me but I'm just saying

Don't rent

$700 ma'am stay where you are.. OAH 70K from travel? What company😅

What about getting a part-time job?

@MrSteelermaniac

Ай бұрын

She has her own traveling business making 70K a year!

@irenecheatom2601

Ай бұрын

She has the travel business and is expanding with the cruise ship which will definitely put her into a higher bracket over $100k

Sale that house😊 pay off car and balance