Transforming Financial Futures: United Real Estate's Success Story
United Real Estate's Milestone Achievement
United Real Estate (United) has reached a remarkable milestone through its innovative Financial Wellness Program. This initiative, powered by Ramsey Solutions SmartDollar, has enabled agents to take charge of their finances and enhance their prospects for a secure retirement. Over the past ten months, more than 1,356 affiliates have collectively reduced their debt by $1.1 million and bolstered their savings by $1.7 million, culminating in an impressive total financial impact of $2.8 million.
Significant Financial Impact Expected
According to current projections, the financial wellness program is poised to generate an overall financial impact ranging from $6 million to $8 million within a period of 24 months. This anticipated success underscores United's dedication to improving the financial health of its agents, equipping them with the necessary tools to foster a secure financial future.
A Commitment to Agent Well-being
Phillip Cantrell, EVP of Strategy at United, expressed his pride in the initiative, stating, "A core principle of our organization is improving the lives of others. The tools offered at no cost to our affiliates align perfectly with that mission." In today's climate, where consumer debt in America nears $18 trillion, United's contribution represents a tangible stepping stone toward financial literacy and alleviation of financial pressures.
Real-life Transformations Through SmartDollar
Bo Zivak, Director of Business Development at Benchmark Realty, shared his excitement about witnessing the impact of the SmartDollar initiative. He noted, "With significant savings and debt elimination, our agents are paving their way towards long-term financial stability. The success stories serve as powerful testaments to United Real Estate's commitment to its agents' wellness and prosperity." Zivak highlighted how this program enables agents to manage covering medical expenses, credit card bills, and house mortgages, turning financial challenges into opportunities for growth.
Comprehensive Financial Literacy Tools
United's Financial Wellness Program encompasses a comprehensive suite of tools designed to enhance financial literacy. At its core is Ramsey Solutions SmartDollar, known for its efficacy in assisting individuals in managing their financial health. With access to resources for budgeting and achieving financial goals, participants have the flexibility to track their progress across various digital devices, making financial planning accessible for busy professionals.
Key Features of the SmartDollar Program
The SmartDollar program is gaining traction due to its distinct advantages, including:
- Financial Literacy Tools: Equipping agents with the knowledge and strategies necessary to take control of their financial situation.
- Debt Reduction and Savings Accumulation: Participants successfully reduced $1.1 million of debt and saved $1.7 million as a community effort.
- Convenience of Digital Access: The program's resources can be accessed from any device, empowering agents to manage their finances anytime, anywhere.
- Proven Track Record: The program is utilized globally by over 2,000 businesses, aiding approximately 3.5 million employees.
United Real Estate’s Approach to Agent Well-being
United Real Estate is at the forefront of enhancing its agents' professional development and personal growth. By making financial literacy a priority, the company distinguishes itself in the competitive real estate landscape, showcasing an unwavering commitment to the holistic well-being of its agents.
About United Real Estate
United Real Estate is a dynamic division of United Real Estate Group, created to offer robust solutions for real estate brokers and agents amidst the changing industry. With innovative training, marketing, and technology resources provided under a flat-fee, transaction-based commission model, United empowers agents for superior outcomes. With operations in 32 states and a network of over 21,000 agents, the company has completed over 70,000 transactions, generating a sales volume of $27.8 billion in 2023.
Contact Information
For media inquiries, please contact:
April Gonzalez
Media & Investor Relations
Email: AGonzalez@UnitedRealEstate.com
Phone: 504-237-3500
Frequently Asked Questions
What is the Financial Wellness Program?
The Financial Wellness Program is an initiative by United Real Estate that helps agents manage their finances effectively, eliminating debt and fostering savings.
How much debt have participants eliminated?
Participants have collectively eliminated $1.1 million in debt over the program's duration.
What is the total financial impact expected from the program?
The program is projected to impact agents financially between $6 million and $8 million within 24 months.
Who is behind the SmartDollar program?
The SmartDollar program is developed by Ramsey Solutions, well-known for their successful financial wellness initiatives.
How can agents access the program?
Agents can access the SmartDollar tools through United Real Estate, which offers these resources at no cost to its affiliates.
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