January 14th, 2018 6:12 PM

Dear Friends,
It seems as though by all credible accounts from economists and government officials, this is the year many Americans will increase their income substantially from years past. The Middle Class earners of this nation will notice less deductions for taxes in their paychecks. Notwithstanding, a rise in wages is viewed as an inevitable outcome due to the Tax Cut signed by the President last month.
All of us have noticed a Stock Market that is booming towards unprecedented heights, while business income and the value of personal investments in 401K plans has surged since the 2016 General Election. This activity has assisted many Americans in securing employment opportunities. Moreover, the decline of seeking Food Stamps to make ends meet has been reported as a credible result of the current financial boom. Construction, manufacturing and a conglomerate of business ventures has risen the Gross Domestic Product to over 3% Growth during the past several quarters. This entire scenario is truly an optimistic one, as labor officials mention African-Americans have secured the lowest unemployment rate in many years along with our Hispanic citizens.
For many of us, we remember the stagnant economy that destroyed the lives of families by the loss of homes through foreclosure and the surge in personal and business bankruptcies. The contempt of capitalism by the previous government administration, was to transform America's free market system towards a socialist economic model. Socialism never works. Hard working, law abiding Americans have come to appreciate the optimism of self reliance by the turnaround that has taken place.
For those that have suffered greatly economically during the 8 years of the previous government administration, a lesson has been learned. Those years has given us the ability to become wiser in our monetary pursuits as we acknowledge the value of the dollar. Many discerning Americans have become frugal in their approach towards spending when purchasing foodstuffs or major ticket items. Comparison shopping and taking advantage of bargains and store sales, have become a practice since the Great Recession. To save more and have less household expenses, is a prudent approach to achieve financial security. On a spiritual level, tithing at least 10% of your earnings will provide additional income benefits that will astound you!

As a mortgage loan originator for many years, this is a great opportunity to purchase property as interest rates are still competitive. While mortgage rates are still low, the rise in rates has begun, due to the upsurge in economic activity. It's best to refinance or purchase a property during this time if all possible.
There are other worthwhile and prudent investments one can consider in gold, silver or companies that have sustained their net worth through the recent past. My humble advice is to increase your ability to become knowledgeable in any commodity before investing. There are qualified and credible personal financial planners that can assist you. I'm confident this will be the year many Americans will work and do their best to leave a past ridden by poverty, for one of profound abundance.

Thanks again for your continuous support.

Posted in:General
Posted by Jesse Dorado on January 14th, 2018 6:12 PMPost a Comment

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