Reside Globally

We are sad to inform you that Reside Globally will not be active in the next while as the team navigates through Covid 19. We hope to resume as soon as possible and will miss all you readers very much.

Not only is the retail industry being disrupted by technology these days, but so is the mortgage industry that is valued in the billions of dollars. Mortgage requests are being evaluated and closed electronically these days with the click of a button. Humans only get involved if the mortgage being considered is a complex scenario. Imagine, that you can now shop for a home mortgage from the comfort of your own home anytime of the day.

Also, you can quickly compare mortgage rates these days between mortgage companies which is a huge benefit to you because companies will work harder to lower their rates for you. Customer data collection for mortgage qualifying will only become easier and easier over time which means qualifying for any type of loan down the road will become a cinch if you meet all requirements. This will be at a better rate than in the past because there will be no mortgage specialist involved which means the savings on employee wages will be passed on to you the consumer.

Consumers are on the road allot these days thus mortgage companies need to make sure all their self serve solutions for customers are mobile friendly otherwise they could lose a large chunk of their business. Statistics show there are more mobile users than desktop users today. Technology will play an endless game of catching up for businesses and customers.

Putting as much effort into preparing for retirement as starting a career is necessary these days. People are living longer, pensions are vanishing, inflation, medical treatments are costly these days as people age, income streams are various and more. Many people don’t want to think about getting old and dying so it creeps up on them before they know it. However, what would be more beneficial is to put time into studying retirement like it is a course because better planning means better results. Studying retirement can also mean sitting down and making a list of your dreams to jazz things up. If you don’t know where to start, perhaps begin by talking to others that are already there.

The characteristics of a successful entrepreneur by majority definition is they have made lots of money. However that is far from it as they can lose all if it very quickly too.

Entrepreneurs need to have an all in mindset meaning they have to give it all they got and work hard so they can do whatever it is they want to do it or be whatever they want to be.

He or she needs to have a stick to it personality and know when to pivot. Entrepreneurs need to create a plan and follow it but be flexible enough fo realize when something is not working he or she needs to go somewhere else.

Successful people need to know how to fail and understand that failure is part of the journey that leads to success. Not only that but when one has fallen you have only failed if you don’t get back up.

When investing young, time is on your side. You can have a few bad years and still make up for it in later years and even learn from them. Investing young also means you can take more risks in hope to come out ahead or even pilot new types of investments without feeling like your life savings are going to take a huge hit. Investing early also means you can do it over time rather than being all in at once. When you invest over time you also get the advantage of being able to buy at mire lows and sell at more highs. In reality it is never too late to invest, your portfolio just looks different at different stages in your life.

Wellness travel is a secretly booming industry. People are so burned out these days and caught up in the grind that getting away does not not mean booking adventurous expeditions anymore but is more about booking downtime. Who would have thought that we would have to pay to get downtime these days?

Wellness travel includes yoga, fitness and food, cleansing, vegetarian etc… retreats. Believe it or not you can make yourself a retreat at home with some discipline. Book a weekend, call in childcare help, pre prep some healthy meals, turn on some relaxing music, bubble bath… Honestly the weekend can consist of whatever you want. Just start thinking about all the things that help you unwind and then do it in a budget.

It used to be, while working, retirement was something to look forward to. However these days with the cost of living increasing astronomically in comparison to wages, saving for retirement is virtually impossible and stressing individuals out.

If you plan what your retirement will look like, income sources, expenses, things may look better than you think.  If not at least you know now and can work towards correcting or improving them. A plan of this nature can help you flush out all the scary parts such that you have backup solutions and can sleep at night.

Keep in mind it is not how much money you make but more about what you do with it. We can all get there 🙂 Retirement is only scary when you don’t have a plan.

This is not quite public yet, but developers are pushing for creating land on water. China has already started and some USA developers are pushing to follow. The justification for this is that developers feel it is cheaper to make this land than to tear apart existing structures and dispose and create. However the big winning notion is that there are no regulations yet on the usage of the newly created land so everyone can be creative.