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Finding Financial Success in 2021

Local says the right financial advisor who goes the extra mile can make all the difference

“Find something you are passionate about and work really hard at it.”

For Erin Ray, that motto has been her way of life. This real estate agent, who lives and works in West Las Vegas, says her career is her passion and after 20 years in the field, it has brought her both professional and financial success.

“I made most of my money in real estate investing,” said Ray. “I buy homes, fix them up, and now I can live comfortably just off my rental properties. Anything I do off my deals is a bonus.”

Not having to worry about money and doing what you love is a goal most of us want to achieve. But after a challenging year for so many people in 2020, paving the way for a new year of brighter financial future proves even more poignant.

When asked what advice Ray has for others looking to be where she is financially, no matter what career path they are on, she said finding the right financial advisor is key, when the time is right.

“I have had a very bad experience with money managers in the past, and I am so happy to have found a great person now.”

Ray said the day she met up with her current financial advisor, who’s also based in Summerlin, was the same day she found out her former accountant was going to jail.

“I was shocked,” said Ray. “And it was my current financial advisor who went above and beyond his duty to help me find another local accountant. You need someone on your side if you don’t want to worry about money. I am not a guru when it comes to the stock market, so I rely on my financial advisor who can educate me.”

Another piece of advice Ray has for her fellow professionals is to invest in what you love. Aside from her real estate career, Ray is also a triathlete who has taken part in competitions around the world. Ray admits to spending a lot of money in her professional fitness gear. But it’s the kind of investment she said is worth every penny.

“Being in sports can be expensive. Sometimes people are surprised to hear how much I spend on my bikes or even my spandex,” said Ray. “But if you are an athlete, you know the ones that fit correctly aren’t cheap. These are the things that I choose to spend my money on because it’s my passion.”

Ray learned that fitness and finance can go hand in hand when she found out her financial advisor also loves to bike and they have spent time together on the roads and trails through areas like Red Rock.

She said his advice, sometimes given out during their rides, have been priceless.

“I have gone through people that make promises but didn’t produce when it comes to growing your money,” said Ray. “But with my financial advisor, he explains things and then makes me money. He really goes the extra mile.”

Ray also advises young people to take more risks. She said her decision to buy homes and turn them into rental properties when she was younger has allowed her to live her desired lifestyle.

“When you are young, it’s time to take those risks, work hard, follow your dreams and make your money,” said Ray. “I am not stressed out about finances now, and I love that."

Editors Note: Prior to the publication of this article, Erin Ray's life was tragically taken while doing what she loved, cycling. The cyclist community of Southern Nevada will remember Erin as a "fast and feisty tri girl who will forever hold a special place in our hearts." We are honored to have worked with Erin on this story and, now, to share her thoughts with our readers. 

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