A brief history of the Home Equity Conversion Mortgage (HECM) program, present challenges, and opportunities.
Continue readingThe HECM: Yesterday, today, and tomorrow
We fear what we do not understand
What happens when someone is confronted with something they don’t know or understand? They’ll likely experience anxiety, apprehension, or even panic.
Continue readingBlind Spots
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Three Fallacies to be Avoided
Blind Spots, or better yet Biases. We all have them. It’s our brain’s ways of taking shortcuts in decision making. A hard wired yet often flawed response. Some may be good as they clarify and reinforce our beliefs and philosophy while others can be destructive. To improve our efficiency and position ourselves for increased success let’s look at three blind spots we should be aware of and avoid. Economically one of our most common blind spots or fallacies is the Sunk Cost Fallacy. Here’s an example…
Download the video transcript here.
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