4 answers
Darrell
Student
Baltimore, Maryland
1
Question
Asked
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How can i become a realtor? What are somethings that I need to learn in order to become better in stocks? How can I become financially stable?
Best advice needed so i can improve
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4 answers
Jessica Pugliese
Career Advisor
35
Answers
New York, New York
Updated
Jessica’s Answer
Hi Darrell,
Please see below some next steps to take in pursuing real estate:
1. Research the Maryland real estate market and talk to current agents and/or brokers - helps to understand if this is the right path and job outlook
2. Research and complete real estate pre-licensing classes
3. Take and pass the Maryland real estate exam
4. Find a broker to sponsor you
5. Apply for a Maryland real estate license
I hope this helps!
Jessica
Please see below some next steps to take in pursuing real estate:
1. Research the Maryland real estate market and talk to current agents and/or brokers - helps to understand if this is the right path and job outlook
2. Research and complete real estate pre-licensing classes
3. Take and pass the Maryland real estate exam
4. Find a broker to sponsor you
5. Apply for a Maryland real estate license
I hope this helps!
Jessica
Becky Haluska
Content Developer
57
Answers
Austin, Texas
Updated
Becky’s Answer
Ms. Pulgiese's answer to becoming a real estate agent is very concise. The outline provided is a path to gaining the credentials necessary in your state to pursue a career in real estate.
As for your other questions, to become better at investing in the stock market, I would suggest trying out online simulators that give you the opportunity to invest with "play" money to learn the ins and outs of the act of investing. https://www.marketwatch.com/games is just one of many sites that allow to do this. While playing, you can practice what you would do with your own money in your own account. To make trading in the stock market more than just a guessing game, you will need to develop a research plan that you can use daily, weekly, monthly to help you see trends in the market and analyze companies potential and current state. Your research plan could involve watching the local, national and global news. It could involve finding websites that offer market analysis. It could involve a series of searches you conduct online yourself. It could involve finding a group of like-minded individuals you meet with to discuss ideas about investing on a regular bases. The options of how you gather the information you need to make informed decisions about investing are vast. Practice and trial and error will help you develop your skill in investing.
Once you get an idea of what you'd like to do and have a little money to invest, you could start on your own with one of the micro investing apps available today. For a small amount of money you can invest in companies you may not currently have the portfolio to purchase. Micro investing allows you to purchase a fraction of a stock rather than a whole with each transaction giving you the opportunity to build a portfolio with a small amount of money. This too can give you experience in the stock market and investing.
Financial stability takes discipline. It starts with setting goals to achieving your vision of financial stability. Each goal then needs to be broken down into the steps necessary to achieve the goal. Some goals could include creating a budget to manage your income, expenses and investments, establishing a credit history, setting aside a certain percentage of each paycheck for retirement and investment, etc. Once you have created a plan, work hard to execute it. Staying on course with your goals is the discipline needed to be financial stable.
Finally, it is never too early to start investing in your retirement separate from your stock market investing. The sooner you start, the easier it is to establish. As you go through life you will have opportunities to build your retirement. Starting early, no matter what job you have, will allow you to invest smaller amounts over time giving you the same if not larger payout that waiting until you are truly thinking about retirement. Starting an account and sticking to investing consistently in it starting now gives you many options in your future.
Good luck in your research and future investing.
As for your other questions, to become better at investing in the stock market, I would suggest trying out online simulators that give you the opportunity to invest with "play" money to learn the ins and outs of the act of investing. https://www.marketwatch.com/games is just one of many sites that allow to do this. While playing, you can practice what you would do with your own money in your own account. To make trading in the stock market more than just a guessing game, you will need to develop a research plan that you can use daily, weekly, monthly to help you see trends in the market and analyze companies potential and current state. Your research plan could involve watching the local, national and global news. It could involve finding websites that offer market analysis. It could involve a series of searches you conduct online yourself. It could involve finding a group of like-minded individuals you meet with to discuss ideas about investing on a regular bases. The options of how you gather the information you need to make informed decisions about investing are vast. Practice and trial and error will help you develop your skill in investing.
Once you get an idea of what you'd like to do and have a little money to invest, you could start on your own with one of the micro investing apps available today. For a small amount of money you can invest in companies you may not currently have the portfolio to purchase. Micro investing allows you to purchase a fraction of a stock rather than a whole with each transaction giving you the opportunity to build a portfolio with a small amount of money. This too can give you experience in the stock market and investing.
Financial stability takes discipline. It starts with setting goals to achieving your vision of financial stability. Each goal then needs to be broken down into the steps necessary to achieve the goal. Some goals could include creating a budget to manage your income, expenses and investments, establishing a credit history, setting aside a certain percentage of each paycheck for retirement and investment, etc. Once you have created a plan, work hard to execute it. Staying on course with your goals is the discipline needed to be financial stable.
Finally, it is never too early to start investing in your retirement separate from your stock market investing. The sooner you start, the easier it is to establish. As you go through life you will have opportunities to build your retirement. Starting early, no matter what job you have, will allow you to invest smaller amounts over time giving you the same if not larger payout that waiting until you are truly thinking about retirement. Starting an account and sticking to investing consistently in it starting now gives you many options in your future.
Good luck in your research and future investing.
Mustabsheera Vengus
GMBPsS 🎓 | Aspiring Psychologist | Behavior Therapist | Counselor | Mentor
38
Answers
Karachi, Sindh, Pakistan
Updated
Mustabsheera’s Answer
Becoming a Realtor:
Research Licensing Requirements: Familiarize yourself with the specific licensing requirements for real estate agents in your country or state. This usually involves completing pre-licensing courses, passing an exam, and meeting other eligibility criteria.
Take Real Estate Courses: Enroll in real estate courses offered by accredited institutions or real estate boards. These courses cover essential topics such as real estate laws, property valuation, contracts, and ethics.
Gain Practical Experience: Consider working as an intern or assistant to a licensed real estate agent to gain practical experience and learn the ropes of the industry. This hands-on experience can provide valuable insights and help you build a professional network.
Join a Real Estate Agency: After obtaining your license, join a reputable real estate agency or brokerage. Working under experienced agents can further enhance your knowledge and skills while giving you access to resources and potential clients.
Continuous Professional Development: Stay updated with the latest industry trends and regulations through ongoing professional development. Attend seminars, workshops, and conferences to expand your knowledge and refine your skills.
Becoming Better in Stocks:
Educate Yourself: Begin by learning the fundamentals of investing in stocks. Study topics such as market analysis, valuation techniques, risk management, and different investment strategies. Books, online courses, and financial websites can be valuable resources.
Practice Virtual Trading: Open a virtual trading account or use stock market simulators to practice trading without risking real money. This allows you to gain practical experience and test different investment strategies in a risk-free environment.
Follow Market News and Analysis: Stay informed about market trends, company news, and economic indicators. Regularly read financial publications, follow reputable analysts, and utilize financial news platforms to enhance your understanding of the stock market.
Diversify Your Portfolio: Avoid putting all your eggs in one basket by diversifying your investment portfolio. Spread your investments across different sectors, asset classes, and geographic regions to reduce risk and potentially maximize returns.
Seek Professional Advice: Consider consulting with a certified financial advisor or investment professional who can provide personalized guidance based on your financial goals, risk tolerance, and investment horizon.
Becoming Financially Stable:
Set Financial Goals: Determine your short-term and long-term financial goals, such as saving for emergencies, paying off debts, buying a home, or retirement planning. Establishing clear goals will help you stay focused and motivated.
Create a Budget: Develop a realistic budget that outlines your income, expenses, and savings targets. Monitor your spending, cut unnecessary expenses, and prioritize saving and debt repayment.
Build an Emergency Fund: Establish an emergency fund that can cover at least three to six months' worth of living expenses. This fund acts as a safety net during unexpected financial challenges.
Manage Debt Wisely: Develop a plan to manage and reduce your debt. Prioritize paying off high-interest debt first, and consider consolidating or refinancing loans to lower interest rates and simplify payments.
Invest for the Future: Explore different investment options, such as stocks, bonds, mutual funds, or real estate, to grow your wealth over time. Consider consulting with a financial advisor to develop an investment strategy aligned with your goals and risk tolerance.
Continuously Educate Yourself: Take advantage of financial literacy resources, workshops, and courses to enhance your knowledge of personal finance, investments, and wealth management.
Remember, achieving financial stability requires discipline, patience, and long-term planning. It's essential to adapt your strategies as your circumstances change and to seek professional advice when needed.
Research Licensing Requirements: Familiarize yourself with the specific licensing requirements for real estate agents in your country or state. This usually involves completing pre-licensing courses, passing an exam, and meeting other eligibility criteria.
Take Real Estate Courses: Enroll in real estate courses offered by accredited institutions or real estate boards. These courses cover essential topics such as real estate laws, property valuation, contracts, and ethics.
Gain Practical Experience: Consider working as an intern or assistant to a licensed real estate agent to gain practical experience and learn the ropes of the industry. This hands-on experience can provide valuable insights and help you build a professional network.
Join a Real Estate Agency: After obtaining your license, join a reputable real estate agency or brokerage. Working under experienced agents can further enhance your knowledge and skills while giving you access to resources and potential clients.
Continuous Professional Development: Stay updated with the latest industry trends and regulations through ongoing professional development. Attend seminars, workshops, and conferences to expand your knowledge and refine your skills.
Becoming Better in Stocks:
Educate Yourself: Begin by learning the fundamentals of investing in stocks. Study topics such as market analysis, valuation techniques, risk management, and different investment strategies. Books, online courses, and financial websites can be valuable resources.
Practice Virtual Trading: Open a virtual trading account or use stock market simulators to practice trading without risking real money. This allows you to gain practical experience and test different investment strategies in a risk-free environment.
Follow Market News and Analysis: Stay informed about market trends, company news, and economic indicators. Regularly read financial publications, follow reputable analysts, and utilize financial news platforms to enhance your understanding of the stock market.
Diversify Your Portfolio: Avoid putting all your eggs in one basket by diversifying your investment portfolio. Spread your investments across different sectors, asset classes, and geographic regions to reduce risk and potentially maximize returns.
Seek Professional Advice: Consider consulting with a certified financial advisor or investment professional who can provide personalized guidance based on your financial goals, risk tolerance, and investment horizon.
Becoming Financially Stable:
Set Financial Goals: Determine your short-term and long-term financial goals, such as saving for emergencies, paying off debts, buying a home, or retirement planning. Establishing clear goals will help you stay focused and motivated.
Create a Budget: Develop a realistic budget that outlines your income, expenses, and savings targets. Monitor your spending, cut unnecessary expenses, and prioritize saving and debt repayment.
Build an Emergency Fund: Establish an emergency fund that can cover at least three to six months' worth of living expenses. This fund acts as a safety net during unexpected financial challenges.
Manage Debt Wisely: Develop a plan to manage and reduce your debt. Prioritize paying off high-interest debt first, and consider consolidating or refinancing loans to lower interest rates and simplify payments.
Invest for the Future: Explore different investment options, such as stocks, bonds, mutual funds, or real estate, to grow your wealth over time. Consider consulting with a financial advisor to develop an investment strategy aligned with your goals and risk tolerance.
Continuously Educate Yourself: Take advantage of financial literacy resources, workshops, and courses to enhance your knowledge of personal finance, investments, and wealth management.
Remember, achieving financial stability requires discipline, patience, and long-term planning. It's essential to adapt your strategies as your circumstances change and to seek professional advice when needed.
Mrinalini Singh
Project Manager
125
Answers
Bengaluru, Karnataka, India
Updated
Mrinalini’s Answer
Hey Darrell, it's essential to excel in Finance and Marketing. Consider pursuing educational courses like Business Laws, Business Communication and Reporting, Taxation, Corporate Laws, Cost Accounting, and Financial Management. Wishing you all the best on your journey to success!