MAKE YOUR MONEY WORK FOR YOU

“Winning at money is 80 percent behavior and 20 percent head knowledge.” 

– Dave Ramsey

Would you like to become wealthier and leave a financial legacy? Although there’s no proven way to get rich quick, there are three timeless principles you can follow to begin to build your fortune over time.

This month’s information outlines principles of wealth from a book displayed on every entrepreneur’s shelf: The Richest Man in Babylon by George S. Clason. This book offers practical advice to develop smart money habits. Also listed are some helpful books and podcasts to complement your financial journey.

Want a reputable financial pro to help keep you on track? Give me a call – I have a great referral!

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NEW TAX LAW AT A GLANCE

Happy tax season! There is so much to think about as we dive into the 2018 returns. Last year’s Tax Cuts and Jobs Act (TCJA) introduced many new changes to the tax code. If your head starts to spin at the mention of the word taxes, take a deep breath – the enclosed piece will help make things clearer.

Here you’ll find a guide that breaks down the biggest changes to the tax code to help you figure out which ones might affect your 2018 returns. I’ve also got all the major deadlines listed so you won’t miss a beat.

If you’re considering hiring a tax pro to help make sense of it all, call me! I have a great referral and I can connect you.

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THANK YOU

Thanksgiving is nearly here. In keeping with the spirit of the season, I’d like to say thank you for your business and referrals. Your continued trust in me drives my business.

Thanksgiving is the ideal time to think about what we’re most grateful for; however, our gratitude doesn’t stop there. The information for this month offers tips to improve every day, from keeping a gratitude journal to simply focusing on what you have.

It is an ongoing pleasure to serve you and I look forward to helping you meet your real estate needs in the future. Not thinking of buying or selling anytime soon? Take a look at page two to learn more about the other services I provide.

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GET MORE ROI FROM YOUR KITCHEN RENOVATION

The kitchen is the hub of the home; the place where we gather to cook, eat and connect with our family and friends. Homeowners renovate their kitchens for many reasons—to update it before listing, to improve storage and functionality or just for a fresh look.

The information for this month includes tips and strategies to guide you through your kitchen renovation. Page one provides an overview of emerging kitchen trends and suggestions to make a small kitchen appear more spacious. Page two outlines things to consider before embarking on your renovation and offers the average costs involved in major and minor kitchen renovations.

Thinking of remodeling your kitchen? Give me a call and I’ll connect you with a reputable tradesperson in my network. If you’re thinking of selling your home soon, I can suggest the updates buyers are looking for to ensure it stands out in our market.

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HOW TO RETIRE WELL

How much money will you need to retire?

Are you ready to retire? Whether you plan to retire in the next few years or in a few decades, saving for retirement is likely a top priority. After all, many of us wish to maintain our lifestyles after we’ve stopped working.

This month’s information helps you figure out how much you may need to maintain your lifestyle in retirement. Although experts typically suggest saving up to 12 times your current income, the amount you’d like to save may be more or less, depending on the factors outlined on page one. For many people, the immediate demands of life and family prevent them from saving as much as they’d like. If that sounds like you, page two offers strategies to help get your retirement savings back on track.

Whether you’d like to save more for retirement or build funds for a down payment on a home, give me a call! I’ll connect you with a reputable financial professional in my network.

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BENEFITS OF REDUCED DEBT

Interested in reducing debt? You’re not alone.

According to recent studies, reducing debt is a goal for many Americans, regardless of how much they owe. Paying down debt not only makes good financial sense; it can have a wider impact as well.

The information this month outlines seven reasons to reduce debt. The reasons range from the reduction of your monthly expenses and improving your long-term financial security to minimizing stress and modeling good financial habits for children and others seeking debt-free lives. If you’re already debt-free, the piece will reinforce the tremendous benefits of maintaining your lifestyle. If you’d like to reach zero debt, page two provides several tips to help you on your journey toward your goal.

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HOW DO YOU SECURE YOUR INFORMATION FOLLOWING THEFT?

As more people rely on the internet to shop, bank, file taxes and more, thieves are finding more ways to steal personal information. While many people take the necessary precautions to keep their details safe, thieves may still be able to attain personal information by hacking into the systems of larger businesses. How can you make sure you’re secure and what steps can you take if your information is stolen?

This month, I’m digging deeper into the topic of identity theft, specifically discussing the rise of data breaches. Sometimes, despite your best efforts to protect your identity, you may still be compromised—as the 143 million people impacted by the Equifax data breach learned. Page one outlines what to do if you learn you’re the victim of a data breach, from monitoring your credit reports and accounts to placing fraud alerts and freezes on your credit file to prevent thieves from using what was stolen. Page two outlines the specific steps to take if your banking and credit card information or driver’s license information has been stolen.

Although the thought of a thief having access to your online identity is frightening, this piece is intended to empower you to take control should you ever find yourself in the position where your information has been compromised.

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Our tech gadgets have made paying bills, managing finances and online purchasing easier but increases the chance that a thief may steal our information without our knowledge.

LIFE BEGINS WHEN YOU STEP OUT OF YOUR COMFORT ZONE

Laura and Gene called in September and asked me to sell their bungalow house in Portage Park. They owned the home for 10 years. Laura received a great job offer in Portland that will fulfill their long-awaited dream to move to the west coast where Gene sees many opportunities to build his business. I met with them two months ago to talk about selling. At the time, they expressed concern about a low appraisal value, from a couple years ago, at a value that wouldn’t bring them enough to settle their loan. After walking through their home and researching the current market, I made recommendations that would easily reconfigure the space, such as doing some painting and updating their bathroom, that would likely bring them more value.

They mentioned they were hoping to buy in Portland but weren’t sure how to pull that of long distance. I mapped out a strategy and timeline for selling and buying long distance. I researched and found them a great realtor that I trust who is with Keller Williams in Portland.

We put their home on market and scheduled an open house for the weekend they were planning on a home buying trip. They were delighted when I brought them two offers within a week. Their Portland realtor kept looking for a home for them and found one that they loved. She sent them a video and them made an offer.

I met the appraiser in Chicago, gave him the comparable sales with lost of details on all the improvements they made over the years, and happily the home did appraise out at the sale price. They closed earlier this week and are moving into their new home on Thursday. Life begins when they stepped outside their comfort zone.

Maggie Finegan, Move with Maggie, making your dreams a reality.

THE HOLIDAYS ARE NEARLY HERE…

It’s almost time to celebrate the spirit of the season with parties and get-togethers to reconnect with our families and friends, especially those who live far away.

The information for this month will help you throw the perfect holiday party without breaking the bank. You’ll find several tips to help make the planning process fun, stress-free and budget friendly, from prioritizing where you’d like to spend most of your dollars to ordering food and coordinating entertainment your guests will love. Whether you’ve been planning your holiday party for months or you’ve just decided to throw one, you’ll find this information valuable.

I want to take a minute to thank you for your business. Your business and referrals drive my business and make it successful. Happy Thanksgiving to you and your family.

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THE BUYING PROCESS

Thinking of buying a home? Here’s what you need to know.

If you’re a first-time buyer or if it’s been a few years since you’ve purchased a home, you may wonder what to expect during the homebuying process.

The information we have this month will give you the scoop on what to expect at every major step of the way, from home search to closing. The piece is intended to help you understand the process, think about what you want in a home, prepare for financing and answer some of the questions you may have. While every transaction is different, the steps outlined are typical in most transactions.

If you or someone you know is ready to buy, give us a call! We’ll be happy to walk you through the process and help you find the right home for your needs.

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