Next Level U

Empowering You to Go to the Next Level!

  • View KerryAClarkandCo’s profile on Facebook
  • View kerryaclarkco’s profile on Twitter
  • View kerryaclarkandco’s profile on Instagram
  • KAC Home Page
  • Blogs
    • BeTheSohrs Campaign
    • NLC Blog
    • KAC Blog
  • About Us
    • About Sohrs.com
    • About NoLongerCommon.com
    • About kerryAclark.com
    • About Pamela & Kerry A. Clark
    • About Kerry A. Clark (KAC)
      • About Kerry A. Clark (KAC)
      • Learn From The “Koach”
    • Extreme is Who I Am
  • Get Updates
Home The Family Plan Accounting/Fiscal You Have Shares in Your Property
← Don’t Make Investing Complicated
The Stuff You Wish You Knew →
You Have Shares in Your Property

Kerry Clark February 9, 2018 Leave a Comment

You Have Shares in Your Property

The 5 Basic Financial Categories – Part 6

Let me take you on a journey.  Do you know anyone who’s ever purchased a home, but lost it.  That was my story and we’ve discovered that’s the story of many.  Most [that means the majority] will never see the day that their mortgage is paid in full.  When we discovered this sobering truth we decided to seek a different way to live.

I have this question; whose job is it to teach us the business of buying and acquiring a home?  I wish there was a DIY life manual for the business of running our life.  Well, I have good news; that’s exactly what we’re doing at kerryaclark.com.  In today’s article, we discuss the 5th basic financial category found in the Mint app: property.

No one ever taught me the value of having property and what that property can do for you.  We simply thought we needed a nice place to live and hopefully one day own.  Mint gave us a different image.  It asked us to not just include our mortgage, the debt we owe, but the property itself so that it could calculate and asses the value of our home against the mortgage.  

Owning Your Home
Getting a home isn’t just the act of getting locked into a 30 year mortgage.  It’s more like having ownership in a business or buying shares in a company.  With each payment, you have just gained a larger share or percentage of ownership in that company.  Normal people spend more time focused on their payment from month-to-month rather than how much ownership they possess in the place.  With this type of thinking, they do like I did when I lost a home; I left my ownership [my share] in the house for someone else.  That’s crazy!  The beauty [if their is any] in a mortgage is that each month you own more and more of the property until one day it’s all yours and no one else’s.  I just didn’t know.  With Mint, I’m able to see this percentage of ownership as well as how much of it belongs to the bank or mortgage lender.  

Estimate of Property Value
Mint uses a tool to estimate the value of your home.  Remember it’s not an exact science as it take an appraisal to give you the true value.  Nonetheless, you have a benchmark for where it stands in the marketplace.  Knowing this is important, you might just want to sell so that you can get your ownership out of it, especially if your finances are out of control.  Regardless, the estimate provides the baseline Mint needs to give you your ownership and thusly your net worth.

Now that I have transformed thinking about our property, it gives us an advantage that ordinary folks don’t have.  We can focus on increasing  the property’s value and thusly gain a larger share in our property.  The key is to find economical ways to increase the value of your home.  Here are just a few ways we’ve helped to add value to our property:

  • Pray over your neighborhood.  Why pray?  You want others to be interested in your neighborhood and more houses added.  This brings your property value up and give you more shares in your home.  Also, when you give your home and neighborhood attention in prayer, you get serious about making sure others don’t come in and devalue it.   As they say, it [change] starts at home.
  • Keep your neighborhood clean and encourage others to do the same.  Set the example by keeping your home in the best condition possible; it’s contagious and spreads to your neighbors.  A clean neighborhood is much more attractive to future buyers.
  • Make upgrades to your home.  Each year Pamela and I have projects we plan to perform to improve our home.  It’s really not to increase the value, that’s just an added benefit.  We believe that if God gives you a home, you should honor Him by making it the best home you possibly can.  It’s a reflection of Him.  In return, the upgrades add just a little more value and thusly increase your ownership share in the property.

 

Today is Friday!
We hope you’ve enjoyed this installment and provided a better picture of what home ownership means.  Remember no one taught me this stuff and perhaps, you fall into a similar situation.  This [the family plan] is our attempt to provide you with the DIY guide to creating the best life you can possibly have.  

Question: what’s one takeaway you gleaned from this message on having ownership in your home?  Leave a comment below.

The Family Plan Binder is available now!

Our team has worked very hard putting it together. We designed it to help you and your family move the needle forward in making your life your business. Find out more about the Family plan here.

Facebook Comments

Share this content:

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to email a link to a friend (Opens in new window) Email
  • Click to print (Opens in new window) Print

Filed Under: Accounting/Fiscal, Mint, The 5 Basic Financial Categories Tagged With: Mint

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts/Pages

  • To the Ends of the Earth
    To the Ends of the Earth
  • The Origins of All People
    The Origins of All People
  • The Obituary Holds The History
    The Obituary Holds The History
  • A Time Management Example Worth Following
    A Time Management Example Worth Following
  • Inhabitants of the World God Created
    Inhabitants of the World God Created
BeTheSohrs-click-here No longer common blog Today is Friday

Recent Posts: No Longer Common

A Leader’s Main Objectives: Their Work & Your Work

A Leader’s Main Objectives: Their Work & Your Work

Leading in All Directions

Leading in All Directions

Leah’s Story: Unattractive Yet Favored

Leah’s Story: Unattractive Yet Favored

Series

  • A Plan for Your Family to Use (3)
  • Christmas (5)
  • Create A Life of Margin (1)
  • Creating a Mental Fitness Plan (2)
  • Creating Margin in Our Work (1)
  • Do We Really Love Each Other (7)
  • Easter (2)
  • Eliminating Mental Health Issues (2)
  • Executive Administration (1)
    • We’re the Executives of Our Life (1)
  • Experiencing the Seven Levels of Relationships (9)
  • Fighting the Wrong Enemy (5)
  • From Here to There (4)
  • Holiday (21)
    • Halloween (1)
  • How To Make The Blended Family Work (30)
    • Doing Battle When It's Absolutely Necessary (12)
      • Is That Other Parent Really Your Enemy? (5)
    • Don't Continue The War That Ended (6)
    • The War Families Find Themselves In (6)
  • Human Relations (23)
  • Intro to the Family Plan (7)
    • The Business of Running Your Life (7)
  • Lets Get to Know Your Seven Relationship Levels (2)
  • Living A Life of Focus (18)
  • Marketing Campaign For Your Life (20)
  • Misused People Gifts (5)
  • My Family Has a Plan, Does Yours? (3)
  • Next Level Birds and Bees (6)
  • Next Level Goal Setting (15)
    • Do It Again and Again (4)
    • Goal Setting for Everyday Use (5)
    • Listing Your Desired Goals (3)
    • Outline Each Individual Goal (3)
  • Next Level Leader (8)
    • Habits That Form Leaders (2)
    • Leadership is Uncommon (5)
  • Next Level Margin (2)
  • Next Level Marriage (22)
  • Next Level Mental Fitness (18)
    • A Guide to Addressing Mental Health in Christian Circles (4)
    • Caring for Yourself Mentally (4)
    • Path to Mental Fitness (4)
    • What Was Sex Meant to Be (2)
  • Next Level Time Management (29)
    • Budgeted Time (14)
    • Time Management for Believers (5)
    • Time Management Philosophy (9)
  • Products (6)
    • Pay Ahead (6)
  • Putting It All Together (6)
  • Series Archive (67)
    • Dream (7)
    • Investment Plan (8)
    • On Paper We Do Have Enough (7)
    • Slow Your Pace (13)
    • Taming Debt (8)
    • The Financial Bird’s Eye View (8)
      • The 5 Basic Financial Categories (7)
    • The Way Bills Were Meant to Be Paid (6)
    • Vision: The Purpose for My Life (7)
    • What’s In A Budget? (6)
  • Since God Created Sex (3)
  • Thanksgiving (3)
  • The Family Plan (215)
    • Accounting/Fiscal (70)
      • Dependent Care (2)
      • Payday (7)
    • Executive Administration (20)
    • Facilities (10)
    • HR and Growth (29)
      • The People We Care For (23)
        • Caring For How We Interact (5)
        • Caring For Our Main People (5)
    • Legacy (9)
      • The Ultimate Plan for Life (8)
        • Creating a Legacy With Your Taxes (3)
    • Marketing (23)
    • Office Administration (31)
      • Measuring Your Length of Time (9)
      • The Concept of a Digital Toolbox (14)
    • Planning (9)
    • Production and Development (9)
      • Producing For Others (7)
    • Team (3)
    • Today is Friday (19)
  • The Gift of People (21)
    • Grouping God's People (3)
    • Journey of People-Talents (3)
    • People Gifts (5)
    • Scattered Groups (4)
  • The Intent of Marriage (2)
  • Toolkit (21)
    • Finances (18)
      • Mint (12)
      • Simple Card (4)
  • Uncategorized (2)
  • Understanding the Relationship Life Cycle (2)
  • Your Life in Decades (20)
    • A New Calendar View (4)
    • Defining the Decade Calendar (3)
    • Preparing Financially for the Decades (3)
    • Using the Decade-Calendar View (4)
    • Your Life in Stages (4)

About Kerry A. Clark

Kerry A. Clark is an author, Christian life coach, Information Systems & Technology professional, platform builder and project manager.

He lives in Birmingham, Alabama with his wife, Pamela, and daughter, Tamia and has devoted his life to his 3 M’s: Mission, Message, and Ministration.

Find out more...

Sign-up to Receive Updates

Twitter Updates

Tweets by @KerryAClarkCo

Facebook Page

Facebook Page

Copyright 2015-2023 | All Rights Reserved.

Sign-up and Receive Our Free Gift

Sign-up for our free weekly email updates and receive a digital copy of our Relationship Report Card.  Start your journey to making your life your business!

Sign-up for my email updates.

×