Talking Time and Money With Adam Torres

Adam Torres of Century City Wealth Management is back today to talk with us about time and money.

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Today Adam Torres, CEO of Century City Wealth Management, is back to talk about time and money. 

The Forbes 100 List is a list of the 100 wealthiest people in the world. You may be surprised to find that the majority of that list consists of entrepreneurs who made their own money, instead of inheriting it. 

Entrepreneurs are this country's backbone, and I have a concept I want to share with you called “T.M.” which stands for time and money. You want to think about time and money as the two finite resources. I have seen many entrepreneurs spread themselves too thin when first starting out.

Entrepreneurs are this country’s backbone.

Many times you need to spend the proper amount of time and money on projects you have already started instead of taking on more and more. Other times you need to recognize when a certain business model might not be working out and walk away from the venture. It’s important to remember that both succeeding and failing are important parts of being an entrepreneur. 

We have dozens of tips and ideas on how to really grow wealth and a lifestyle that you want. You can use these wealth tools when entering the market to buy, sell, or invest as well. 

If you have any further questions for Adam, you can reach him at askadamtorres.com. Also, if you’re an entrepreneur that could use some extra coaching, Adam offers that service as well.

As always, if you have any questions about real estate, don’t hesitate to give me a call or send me an email. I look forward to hearing from you!

How Will President Trump’s Policies Affect the Market?

How will the real estate market look under President Trump? We’ve got a little preview for you today.

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I’ve been getting asked the same question a lot recently. People want to know how our new president and his policies will affect the real estate market, so I’m here to answer the question today.

No matter your political beliefs, we’re going to see some changes in the housing market. However, you might be surprised with what we are about to experience. There are four main things that I think we will see in the coming years with our new commander in chief. Here they are:

1. President Trump is a believer in real estate. He is a businessman with a business background, which bodes well for our industry. We’ve already seen an increase in the stock market, and most experts are expecting a similar rebound in the housing market.

2. An increase in interest rates. We knew this was coming no matter who was elected. With the Federal Reserve increasing them last year, the trend is expected to continue. The more they increase, the more money banks will have to lend out to buyers in the marketplace.

3. A freer overall market. With a capitalistic environment, we will probably see a decrease in taxes. This will put more money in the hands of the consumer and lead to more buying and selling.

4. Deportation effect. With deportations expected to increase, we may see a decrease in new construction. Many builders and developers rely on immigrant labor to produce the new housing stock.

We’re going to see some changes no matter what.

If you have any questions about the market or if you’re looking to buy or sell in the near future, I’d love to hear from you. Just give me a call or send me an email. I look forward to speaking with you.

Remember RTD to Make Smart Investing Decisions

Today Adam Torres, the CEO of Century City Wealth Management LLC, is here to discuss his new book, “Money Matters.” He’ll also go over a key tip for investors.

Selling in the Minneapolis area? Get a market analysis report

Purchasing in the Minneapolis area? Get full MLS access

Today I would like to introduce Adam Torres, the CEO of Century City Wealth Management LLC. He recently published an excellent book called “Money Matters,” which covers all things finance. 

Adam wrote this book because he has over a decade of experience working and managing assets for clients. He has worked with more than 3,000 clients in that time. “Even today, when I meet with new clients they are missing some of the basics on how to manage their assets and assess risks,” says Adam.

One acronym everyone can use to assess whether something is a good or bad investment is RTD, which stands for risk, time, and diversification. 

When it comes to risk, you need to consider how much risk you are taking on with a new investment. For example, does the investment have a possibility of losing 50%? If you’re only willing to lose 10% to 15%, then that investment might be too volatile for you. 

As for time, you need to consider how long you plan on holding the investment. If you only want to invest in something for the next year, it makes more sense to invest into stock. Real estate is traditionally a long-term investment.

Do you want your entire retirement fund to depend on one investment?

Finally, don’t forget about diversification. It’s easy to fall in love with an investment stock or idea and go all in on that one thing. The problem is that even though you might invest in a great company, that company might not do well when you need it to. You have to consider diversification. Think of it this way: do you want your entire retirement riding on this one investment? 

Adam has written a truly phenomenal book. If you have any further questions, pick up a copy of “Money Matters” or visit his website. As always, if you have any real estate questions, please don’t hesitate to give me a call or send me an email. We would be happy to help you!