I don't hear too many Agents discuss retirement, nor do I see the local associations paying too much attention to it neither. You should always ask yourself... How much money have I put away and how much will I need to maintain my standard of living? Can I put 3-6% away with every closing to ensure I have money for a rainy day?
I know many Agents have another job while they try to grow their RE business. Hopefully you have planned ahead and started saving early. For the Agents who work F/T, this is for you mostly!
I recently rolled out a Recruit & Earn Program that allows Agents within our company to recruit other Agents and get paid monthly on their sales. Now, I want to make it clear that the money comes out of COMPANY PROCEEDS, not the Agents pay you recruited! Basically, we are paying you to chat about our company to other Agents.
If you can recruit only 5 Agents to your tier 1, you can bring in as much as $14,000 per year in additional revenue. That figure goes up tremendously if those five recruit another five... and on ... and on. This is income you don't have to sell a property to make and most likely didn't even plan on having at all.
What can you do with that additional income? Could you fund your IRA? Could you buy an investment property? Would it help pay bills if you can't sell real estate this month? Better health care plan? Pay for your kids college?
Out of all things, there is no better feeling than stability.
If you would like to learn more about our R&E Program, you can watch a video I made here. If you would like to learn more about our Agent & Team Programs, contact me directly at 315-804-4847.
NY Lic Broker