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2020 has been a whirlwind for the real estate industry, and many mortgage loan officers have seen their best year (income wise) of their career. In this episode, I sat down with Dan Hamilton from Northwestern Mutual. We dig into how loan officers need to start thinking about their own finances during this gold rush - how much should they be putting away, where should they put it to maximize return, and how to prepare for the upcoming reality of the market normalizing.
In my conversation with Dan, you'll learn:
- How to manage money through the highs and the lows [1:45]
- Advice for managing once in a lifetime revenue [4:30]
- Why you should not put your savings into a savings account [7:25]
- To play or not to play the stock market [10:50]
- Are loan officers legit financial advisors? [13:45]
- If you didn't get all that, get this [18:40]
By Jason Perkins2020 has been a whirlwind for the real estate industry, and many mortgage loan officers have seen their best year (income wise) of their career. In this episode, I sat down with Dan Hamilton from Northwestern Mutual. We dig into how loan officers need to start thinking about their own finances during this gold rush - how much should they be putting away, where should they put it to maximize return, and how to prepare for the upcoming reality of the market normalizing.
In my conversation with Dan, you'll learn:
- How to manage money through the highs and the lows [1:45]
- Advice for managing once in a lifetime revenue [4:30]
- Why you should not put your savings into a savings account [7:25]
- To play or not to play the stock market [10:50]
- Are loan officers legit financial advisors? [13:45]
- If you didn't get all that, get this [18:40]