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