Emmy Award-winning TV personality last month Adrienne Bailon Houghton Debuted her home design series Everything Adrian presents from house to house, Produced by Kin Networks and TV One. The show focuses primarily on the journey to decorate Houghton’s new LA Pie A Teru, but she loses some significant learning when it comes to investing in her real estate. In fact, in a recent interview with POPSUGAR, the TV moderator said, with financial literacy skills, about the importance of colored women, especially Latina. Break down financial trauma When Build generational wealth For our community.
Houghton was amazed at the number of views he received in the episode Everything Adrian, About the first house she bought at Bel Air. After buying a new home, she was inspired to devote the entire series to make her home look completely attractive without breaking her bank. She also wanted to use this as an opportunity to share some of the things she has learned on her journey as a homeowner.
“I grew up in New York and always lived in an apartment. I grew up on a project and shared a room with my sister. To be honest, I was scared to have a house. Someone was your window. Being on the same floor where you can dive into, “she says. “On the other hand, when I look at the apartment building, no one is in my window on the 9th floor.”
Similarly, Houghton admits that becoming a homeowner was a major achievement. She had never lived in her home and was very proud to be able to buy her own home. She is also excited to see how interested her fans are in her first home and how she chose to decorate it.That’s why she expects people to really enjoy it. Everything Adrian presents from house to house.. She always introduces luxury items from stores such as HomeGoods and Target with affordable items, emphasizing that she can show viewers that they can design their homes to look as luxurious as possible within their budget. doing.
“I really need to shout a little to encourage my husband (Israel Houghton) to invest in real estate. He is in Santa Fe, New Mexico, and many other places, and we are preparing. I have a property he owns when I’m in I decided to live in Carabasas to move, and Israel seems like “Why don’t we invest this for you?” did. And as a man, I think that’s a big thing to say. Let the house do this entirely for your credit in your name, “she says. “He said,’You should invest your money, this is your property, this is what you own, it’s for your property, and it’s different from me. It was like. “
According to Houghton, her husband’s first investment in a Calabasas home provided a step-by-step explanation of the home buying process. When her pandemic first occurred, she wanted to get closer to her family in New York, and she invested in Westchester’s second real estate. She admits that she encountered obstacles and learned quite a few important economic lessons in the process.
“What I learned in the process of buying a house was how important my credit was. I had money, but at some point I had terrible credit, so when I lived in an apartment, the penthouse was across the street. There was an orchard in LA. But I had the money to pay for a penthouse, but my credit was trash so someone could get an apartment without co-signing with me I couldn’t, “she says. “I already real About 4 years. I literally couldn’t get an apartment. I’m like “I have money”. I want to show how much money I’m making. I was sitting in a rental office and asked, “Why am I rejected?” And sadly, especially for Latin Americans, and especially you may not have financial literacy. If they grew up in a family, they aren’t going to teach you what they don’t know. And that doesn’t mean they’re trying to do this for us. But if they don’t know, they can’t pass information to us. And sadly my mother was taught, you don’t want a credit card. Credit cards are bad. Please do not get a credit card. I didn’t have a credit card because they thought it was a scam of some sort and I thought you would be in debt if you had a credit card. I only had a debit card, but that was it. ”
Houghton soon learned that without a credit card, there was no proof of credit. She immediately began working on creating credit by getting a credit card. She wanted to buy her own home to understand how important it was to earn her credit. It also really helped her get her finances in place.
“I put something on my credit card on a regular basis, like a cell phone invoice. I knew these could be covered and happened on a regular basis, so I raised my credit score and the homeowner. I was able to become, “she says. add. “Being a homeowner is very important because you spend a lot of money on your rent. If you add up the amount you spend on your rent, you can own it like the other two homes. That’s important. Owner, it doesn’t have to be the biggest or most attractive house. It’s small and small and can be yours only. My girl living in a house with her family One of her friends, she enjoys living at home with her family, but she said, “How do I invest money?” So she actually has a condo that she can rent. “
“Especially it is very important that we Latina participate in real estate games, participate in the arena and equalize the arena for the future and financial wealth for the children,” she says. Houghton shared with us three tips for Latina who are really trying to improve their finances.
“You need to put those savings together. They actually say that. Latino spend most on entertainment and beauty.. We spend a lot of money on being consumers. We are a phenomenal consumer — we are. If you say that marketers and big companies are aware of our spending power, believe me. We spend, we spend, and we spend. When we’re spending, all we’re doing is investing in others, not ourselves, “she says. Budget and be aware of what your spending habits look like. “
Create a credit
She advises you to keep your credit card balance below 30%, pay off as much debt as you can, and make purchases that you know will pay off quickly to increase your credit. “Don’t run out of that credit card or borrow it, but you can trust it, and if they lend you money, you’re definitely going to pay it. Can be proved to a credit institution, going back in time, “she says.
“placed [money] With a savings account I don’t touch because I don’t know what will happen, and if it gets a fair amount of money there, it’s when I decide to invest. “OK, I have $ 10,000 in this savings account. What do you want to do? Want to invest in a new launch on one of your clothing lines? Want to invest in some cameras for Is it? Everything Adrian?? ” We have a lot. Or, I think I’ll keep it for now, just in case I really know there’s something I want to invest in, “she says. For years, I’ll get rid of $ 10 for every check I receive. “Or whatever it is, at some point, that number will grow and grow, which could be an investment in a home. “
Houghton understands that when people watch a show, they not only ultimately invest in home ownership, but they don’t have to spend a lot of money to make their home look beautiful whenever the time is right. I hope to feel the inspiration.
“Any space can be really cool, especially when you have Instagram and people seem to be aesthetically dope everything,” she says. “You can do it in your home, and I really don’t see people trying things and always seeing them online or seeing others living beautifully I hope I’ll take the time to do it myself. The difference in life when I wake up, “Oh, the house is clean, things are organized and look beautiful. I’m a beautiful space. It really changes the way you feel inside. “.”
Image Source: Getty Images / Leon Benett / WireImage
Originally posted on POPSUGAR Latina
Adrienne Bailon Houghton on Latina’s Financial Literacy
Source link Adrienne Bailon Houghton on Latina’s Financial Literacy