By Kass Gilbert from Scott Ross Realty
“The rich get richer and the poor get poorer” is a political statement that I have heard thousands of times over the course of my 50 years. Now, I was not born with a silver spoon in my mouth. So I doubt I will ever be in a position of having so much money that it is a problem. When I think about the word “poor”, I believe poor can be a mindset passed down by our family of origin. Poor can be never having enough, or it can simply be not being content with what we do have.
My husband and I became realtors just two years ago, and the emotional impact that home ownership can have for individuals and families is significant. Homeownership can fall in line with the above statement “the rich get richer and the poor get poorer.” If you are able to purchase a home you are on the “rich” side of life. Home owners take pride in the ability to call a house their home. There is a sense of freedom and power because they have something to show for their time and efforts, in addition to the financial benefits of building wealth and equity.
In our two years of selling real estate we have also had clients who were met with words “bad credit”, “no credit”, or “you can’t afford that.” We discuss how to help them achieve the dream, but it is not met without disappointment. It is difficult for people to understand that changes may need to be made in order to accomplish their goals. And truth be told, we have become a society that prefers comfort over growth or change.
Are we willing to do what the experts tell us in order to achieve our goals? That is the pivotal question.
If the answer is “yes,” it may take some time and work. The changes will make the goal worth achieving, and we will take pride in ourselves. We are now intrinsically motivated to do well for ourselves and those we love.
If the answer is “no,” we have tapped into our mindset, which is a negative mindset at that. Why do we not change? We may lack skills. Maybe we fear failure, and our pride does not want others to see that we don’t have it all together. We may hide behind our extrinsic motivators such toys, clothes, etc., possessions that do not build wealth but rather siphon it away. In reality we are in a cycle that is hard to escape because we try to keep up with the Joneses. Poor is being jealous of what others attain.
This is where the real line is drawn for the rich getting richer and the poor getting poorer. For some, rich and poor has become a problem in hearts and heads. This mindset leads to a problem in our finances.
If you’ve ever thought that you are too poor to become a homeowner, I challenge you to reach out to a real estate professional and a trusted mortgage lender who will work with you. It may take some work, but if you change your mindset and are willing to commit, you may be surprised by what you can accomplish.
Kass Gilbert – Realtor
Scott Ross Realty
1136 Celina Rd.
St. Marys, OH 45885
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