What Are The 3 Greatest Financial Decisions You Can Make

What Are The 3 Greatest Financial Decisions You Can Make

 St. Cloud homeowners who regularly watch the “Today” show or Fox Business, or who listen to NPR’s “All Things Considered” on the drive home from work may already be familiar with the views of Liz Weston, a regular contributor to ATC and a number of other leading media outlets. Her best-selling book, “Your Credit Score-Your Money & What’s at Stake” is a years-long bestseller, rating 4+ stars on Amazon. 

Weston, who is also a best-selling author, frequently unearths practical takes on day-to-day household financial matters. One recent research report appeared in nerdwallet.com under the tantalizing title, “The 3 Biggest Financial Decisions You’ll Ever Make.” Unexpectedly, the momentous choices she revealed aren’t directly financial in nature. They don’t deal with things like opening a savings account or picking stock market winners. Instead, all three are key lifestyle decisions that research shows are directly correlated with financial stability:

  • Education level. Over the 24-year period from 1990 to 2013, the median net worth of the families studied soared for those highly educated—and dropped for the others. The difference between those who didn’t finish high school and two- or four-year college grads was striking.

  • Marital status. Married people showed almost double the net worth of those who never wed. Even so, —divorced persons were worse off than never-marrieds for as long as ten years after the split.

  • Homeownership. The decision to buy and retain a home “can have the biggest impact on your wealth.” By the final year of the study, the gap between the net worth of homeowners and others was $195,000 for the homeowners versus $5,400 for renters.

That these lifestyle choices wind up being crucial financially won’t come as a surprise to St. Cloud homeowners. Helping make the most of that decision is where I come in. I do hope you’ll give me a call!

Black Home Area Rug

Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota. We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

Five Office Locations To Serve YOU!

Saint Cloud 320-259-4554
Princeton 320-983-3555
Maple Grove 763-565-2000
Hutchinson 320-455-9127
Litchfield 320-298-1140

Premier Real Estate specializes MANY areas around Central MN including Saint Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, Saint Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, Saint Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center and more!



Noel Johnson Headshot
Author:
Phone: 320-980-3100
Dated: January 17th 2020
Views: 248
About Noel: Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Minnesota Truck Headquarters - Providing a superior level of
St Cloud Real Estate Observers Note FICO Change -  The lowering of St. Cloud
Coronaviruss Faint Ripple Effect On St Cloud Real Estate - Last week, in contrast with the
Kitchen Problems To Look For Before Buying A FixerUpper - A minor kitchen remodel, such as

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Premier Real Estate Services
550 25th Avenue North
St. Cloud, MN
320-259-4554


Other Locations