What is true happiness. Health or Wealth or both. In this episode of the Rundown with Ramon, Ramon Ray, publisher of zoneofgenius.com and successful entrepreneur, interviews Vernon Miles, of Milestone Mortage Solutions about wealth creation in the realm of home buying. He also reminds us that aligning your HEALTH and WEALTH is the true measure of happiness. For business owners this might be even MORE important than ever before.
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Happiness is Very Personal
Ramon emphasized that happiness is deeply personal and contextual, varying significantly from person to person based on their experiences and circumstances. As someone over 50, he reflected on how his own definition of happiness has evolved throughout his life.
Wealth Has Many Dimensions
- Financial Security: While important, it’s just one aspect of true wealth
- Time Abundance: The ability to control your time, like Mark Cuban choosing to leave Shark Tank for family
- Quality Relationships: The impact of wealth on personal connections
- Health as Ultimate Wealth: Both physical and mental well-being
- Family Wealth: Creating meaningful memories with loved ones
Personal Development and Community
Ramon stressed the importance of:
- Maintaining work-life balance
- Pursuing creative interests outside of work
- Contributing to community development
- Investing in personal growth
- Building strong family foundations
Special Feature: Home Buying Insights
The episode included an interview with Vernon Miles of Miles Mortgage Solutions, who shared valuable insights for first-time homebuyers:
- Down payment options starting as low as 3.5% for FHA loans
- Availability of 100% financing programs
- The myth of needing 20% down payment
- The importance of working with relationship-focused mortgage professionals
- Current market conditions and interest rate trends
Economic Outlook
Miles provided a reassuring perspective on the current housing market, noting that:
- Today’s market differs significantly from the 2008 crisis due to stricter lending standards
- Property values typically double every 12-15 years
- Current interest rates, while higher than recent years, remain workable for many buyers
- The importance of timing in real estate investments
Ramon concluded by emphasizing that true wealth extends beyond financial success to encompass health, relationships, personal growth, and community involvement. His message highlighted the importance of taking a holistic approach to building a successful and meaningful life.
About Ramon Ray: A serial entrepreneur who has started five companies, sold three, and authored five books, Ramon continues to share his expertise through zoneofgenius.com and The Rundown with Ramon.
