Parents often have a difficult time teaching their children the value of delayed gratification in this fast-paced culture of instant gratification. But sound financial wisdom includes a healthy dose of patience. For example: saving for an item rather than charging it immediately prevents debt and unwise purchases. Wisdom, faith, and patience are necessary assets to navigate fluctuating markets and financial uncertainties. Be patient. Stay informed. Listen for the Lord’s direction before making major decisions. You are playing the long game here.
‘We also pray that you will be strengthened with all his glorious power so you will have all the endurance and patience you need. May you be filled with joy,’ Colossians 1:11 NLT
In today’s WealthBuilders Podcast, Karen Conrad Metcalfe and Bill Bronchick offer valuable insights into the current economic landscape via the Trump effect.
The discussion focuses on Trump’s policies—tariffs, tax cuts, potential property tax changes—and how they will affect real estate investment opportunities. You will be encouraged to focus on local market conditions, understand creative financing options, and not be deterred by short-term market fluctuations.
Tune in to stay informed and gain a long-term perspective for navigating financial challenges.
More Resources:
Financial Breakthrough Free e-Booklet
Embracing God’s Plan for Abundance
Real Estate Workshop USB
April Real Estate Workshop USB
Episode Show Notes
Discussion on Tariffs and Economic Uncertainty
- There is a lot of noise and confusion surrounding tariffs right now, with some people predicting economic collapse and others criticizing President Trump.
- The current uncertainty is causing investors to hesitate, which is a mistake.
- Opportunities can be found amidst the chaos.
- In the book, “The Art of War,” Sun Tzu, suggests that out of chaos comes opportunity.
- Historical examples of prosperity during times of economic chaos include the Great Depression and the 2008 financial crisis.
Long-Term Perspective and Faith
- Look at the long-term rather than getting caught up in short-term market fluctuations.
- Focus on God’s promises for increase, wealth, and prosperity, and do not be swayed by societal noise.
- President Trump has called for patience, suggesting a 90-day period to assess the situation.
- Trump uses methods that are either a change of conversation or are negotiating ploys.
- Watch what Trump does rather than what he says.
Impact of Trump’s Policies and Economic Recovery
- The current economic situation is similar to the recovery after Ronald Reagan’s presidency (18 months for economic turn around).
- Currently the interest rates are high with a potential for future cuts by the Fed.
- Interest rate cuts could lower mortgage rates.
- Reciprocal tariffs are used as negotiation tactics to level the playing field with other countries.
- Do not wait to invest in real estate but be patient and see how the situation unfolds before making major decisions.
Real Estate Market and Investment Opportunities
- Energy policies impact the real estate market, ie. self-sufficiency in energy during the Trump administration led to lower gas prices and inflation.
- The current uncertainty in the market presents opportunities for buyers, as more properties are coming online.
- Supply and demand are important in the real estate market, even in a recession, local market conditions can vary significantly.
- Investors should look for opportunities in foreclosures and other market fluctuations, as these can provide good investment opportunities.
Tax Cuts and Government Spending
- Trump’s tax cuts benefit the working class more than the rich.
- Lower corporate tax rates encourage businesses to expand and hire more people, which in turn benefits the housing market.
- Trump’s tax cuts have a potential of being permanent.
- Cutting government spending and ending unnecessary wars can help lower interest rates and reduce inflation, benefiting the overall economy.
Creative Financing and Property Tax Elimination
- Use creative financing to put less money down and still achieve good returns.
- Most loans still have interest rates under 4%, making it a good time to invest in real estate.
- Eliminating property taxes has a potential impact on other taxes.
- Eliminating property taxes would benefit landlords and investors, but it would likely result in higher taxes elsewhere, such as sales tax or income tax.
Final Advice and Encouragement
- Understand your local market conditions.
- Focus on rents, prices, supply, and demand in your specific neighborhood.
- Trump has the ability to navigate the current economic challenges. His unpredictability can be a deterrent to potential adversaries.
- Stay focused on long-term goals and don’t get distracted by short-term market noise.
- Take advantage of the current market conditions and invest in real estate.
- Take advantage of the WealthBuilders coaching program.
