Protecting your materials, especially your assets (hello, real estate) is so essential, but can be extremely overwhelming and complex. You can’t take it with you, so make sure you can pass your belongings down to your loved ones (hello generational wealth). We’re here to break life insurance down with Shameka Brown, a Financial Services Agent with New York Life. Prior to working in the finance industry, Shameka dedicated 15 years to the entertainment industry specializing as a PR and marketing consultant. She’s here to provide us with financial literacy education, how to protect your assets, and build generational wealth through insurance and real estate! Listen now!

Email #UnderAllIsTheLand podcast hosts at hello@acme-re.com or DM on IG

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Break Up With Your Rental by Courtney Poulos

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Courtney Poulos, Broker/Owner: | @courtneyinlala

Silke Fernald, Broker Associate: | @desperatelyseekingsilke

Dominique Madden, Broker Associate: | @theethicalagent

About Under All Is The Land
Under All Is The Land features the brokers of ACME Real Estate, based in Los Angeles, CA, talking straight, no holds barred, about the business of real estate. Courtney Poulos, Silke Fernald, and Dominique Madden will provide news, tips, tricks, comedic relief, and more. Whether you’re in real estate, looking to become a sales agent or broker, or simply love to peek behind the curtain, this is your moment to get a peek behind the curtain of the industry from a female POV….(read more)

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Buying or selling real estate and discussing life insurance are often considered uncomfortable topics. However, avoiding these topics can have grave consequences in the long-run. Here’s why it’s important to face these issues head-on.

Real Estate:

Real estate is one of the most significant investments a person makes in their lifetime. Whether it’s buying a home or commercial property, it’s a significant financial commitment. And so, it’s essential to tackle it with thorough planning and expert guidance to avoid costly mistakes.

Firstly, it’s essential to have a clear understanding of the legal, financial and regulatory processes involved. This includes taxes, mortgage rates, closing costs, property inspections, and necessary repairs. If these steps aren’t taken, there’s a high risk of ending up with a property that’s not worth the investment.

Another crucial consideration is the location. The proximity to good schools, hospitals, transportation, and the potential for price appreciation are crucial factors when buying a property. These factors help to determine the long-term impact of the property on your life and finances.

Life Insurance:

Life insurance is one of the most uncomfortable topics that people don’t like to think about. No one wants to think about the worst-case scenario, but this type of insurance is essential for every individual, especially those with dependents.

Life insurance provides a safety net if the worst happens, and it’s essential for people who have young children, elderly relatives, or a mortgage. It’s a way to secure your family’s financial future by covering the costs of your funeral, outstanding debts, and other expenses.

Another benefit of life insurance is that it provides peace of mind. Knowing that your loved ones will be taken care of in the event of your death can help relieve stress and anxiety. It’s crucial to find the right type of life insurance, which meets your needs. For example, term life insurance is a good option for people who want a lower premium and a set term, while whole life insurance provides lifelong coverage.

Other Uncomfortable Topics:

Other uncomfortable topics include end-of-life planning, estate planning, and retirement planning. Preparing for these topics can help alleviate future stress and protect your family’s financial well-being.

End-of-life planning involves planning for medical care when you cannot make decisions for yourself. It’s important to set up a living will, designate power of attorney, and discuss your end-of-life preferences with loved ones.

Estate planning involves determining how to distribute assets after you pass away. It’s crucial to set up a trust, make a will, and update your beneficiaries regularly.

Retirement planning involves setting aside enough money to support your desired lifestyle after you retire. This includes selecting the right investments, saving money, and creating a budget for retirement.

In conclusion, uncomfortable topics such as real estate, life insurance, and other financial planning topics are essential to consider to protect your financial future and your loved ones. It’s important to seek expert guidance, set aside time to research and plan, and take the necessary steps to secure your peace of mind.