Your Household Inc
(Consult Gary Brown - mortgage agent in Kitchener, Waterloo, Guelph, Stratford, Cambridge, Ontario and the surrounding area.)
Here is an unusual point of view for you.
Every household should behave like it is a business. This might sound strange to you but I’d ask that you hold that thought until the bottom of this page.
Let’s for a moment assume that you describe your household as Your Household Inc. (YHI). Let’s also assume that you don’t suffer embarrassment by telling anyone of this outside your household!
YHI has a number of similarities with an actual business. Both have revenue streams; individuals within the company; owners; expenses; assets and liabilities. For clarity, examples of an asset within YHI are a house and a car. Likewise, examples of liabilities include a mortgage and a car loan.
Where the divergence will frequently exist between an actual business and YHI is in the area of planning; goal setting and performance measurement. An actual business (either for-profit or not for-profit) will be sunk if these activities are not part of it’s core activities. In the case of YHI, the absence of these activities might be better described as an opportunity cost. In other words, opportunities are being missed by the household.
None of us can predict the future with any certainty.
This is why planning and goal setting is used by a business to anticipate future challenges and obstacles. Measuring progress against goals helps a business decide when new actions need to be taken.
What steps should YHI take to anticipate future challenges?
How does the protection offered by life and disability insurance fit into your plan?
What is your savings/investment strategy – both short and long term?
How does YHI plan for the acquisition of assets? For instance, is a mortgage that is used to purchase a house or refinance other debt simply treated as a transaction? Or, is it part of a larger investment consideration?
The first three questions above can be tackled by engaging the services of a financial advisor/planner. It is a good idea to use the professional services of someone who works in this field fulltime.
In the case of the mortgage conversation, I help by asking questions about your view of the future; your tolerance for risk; your cash flow needs and how a mortgage fits into your present lifestyle. Then I find a product that works best for you.
I’m happy to help whenever you might feel the need for another perspective.
Your Mortgage Solutions Include:
Mortgage Refinancing | Debt Consolidation | First Time Home Buyer Mortgage | Mortgages For Self Employed | Private Mortgages | Second Mortgages | Debt Management / Financial Literacy | Commercial Mortgages | Home Purchase Mortgage | Switch/Transfer Mortgage | Rental Investments
Have Mortgage Queries? Speak To Our Kitchener Mortgage Agent Today!
Mortgage Agent Gary Brown offers Mortgage Services to clients across Kitchener, Waterloo, Guelph, Stratford, Cambridge, Ontario and the surrounding areas.
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Gary is knowledgeable, patient, and has his clients’ best interests in mind at all times. I would recommend him to anyone, but especially to home owners who want to better understand how mortgages really work and the benefits of going with a broker over a large bank.
Looking for a business development coach or a voice of reason to help you grow your team? Look no further than Gary Brown. Gary is the best in the Region!
Gary's involvement with either homeowners or business owners is with integrity and professional service. Gary is a responsive, caring individual who will be with you every step towards achieving your ultimate goals. I enjoy working with Gary because he always has something to share that helps me with my work.