Myths About Saving Money

Hi Everyone, this is Mary Ann over here at Re/Max College Park.

Today I wanted to talk about some Myths about Saving Money.

There are a lot of people who think that saving money and putting it in your bank account doesn’t work. Absolutely it does work. You need to put money away on a regular basis. In a savings account, in an IRA, in some place where it’s a savings so that you can save for a down payment. It’s very important. Even just in a bank account.

The other is that investing isn’t worth it, especially in real estate. You’ve got to pay rent, you might as well go ahead and pay yourself and buy a house and live there and get the equity out of it.

Debt, especially small debt is a bad idea. That’s not so. Small debt can actually make your credit go up so long as you pay it on time.

So, if you are thinking about buying a house, or selling a house, give me a call. I’ll be glad to help.

Mary Ann Edwards Re/Max College Park
Lic # 01103542
(562) 544-0449

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