July 2023

PRESIDENT’S CORNER Tony Nardone, MBA, PCAM 2023 CAI-NJ PRESIDENT CORNER PROPERTY MANAGEMENT, LLC, AAMC

CAI-NJ TEAM

W e’re in the dog days of summer and most of us are enjoying the long days, cool evenings and all the fun that summer brings. This month’s issue focuses on rags to riches from a financial standpoint. Now most of us reading this article would jump into manager/vendor mode and start asking questions or looking for the next angle when it comes to a community’s financial well-being or how much is budgeted for the upcoming This month would be a good time to reflect on our personal finances. When we think about our own personal finances some of us conscientiously try to put it out of our minds or kick the can further down the road. Ask yourself if that really solves the problem or just puts it on the back burner? So many places to start here but let’s start with the basics. We should review our financial plans with a trained professional, the same advice we give our clients. After all what’s good for them is good for us would you agree? Cover the basics in any financial plan. Am I saving for my children’s future, is my long-term estate plan in place, am I paying myself first and taking advantage of retirement plan my company offers or contributing on my own? In our daily lives we preach a lot of these fundamentals to our clients but how many of us practice this ourselves? I’ve had many casual conversations with individuals in both our industry and other industries, and when these conversa tions come up, those who know me know I’m not shy about asking them if they heeded their own advice. You’d be surprised how many excuses I hear but, in the end, it only impacts you and your family. Let’s end this on a high note. It only takes us time to meet with a personal financial planner whether you’re just starting out or maybe reviewing an existing plan, take action this month and set a date to meet with your professional and review your personal situation. One of my favorite books is Rich Dad Poor Dad and along with that comes one of my favorite quotes from the author Robert Kiyosaki. “Financial freedom is available to those who learn about it and work for it.” n “...take action this month and set a date to meet with your professional and review your personal situation.” project. I think we’re just wired to think that way and often we think about our own financial goals last.

ANGELA KAVANAUGH CHAPTER EXECUTIVE DIRECTOR ANGELA@CAINJ.ORG JACLYN OSKIERKO DIRECTOR, CONFERENCE & EVENTS JACLYN@CAINJ.ORG ROBIN SURGENT DIRECTOR, MEMBERSHIP DEVELOPMENT ROBIN@CAINJ.ORG BROOKE STOPPIELLO-NEVINS COMMUNICATIONS MANAGER

BROOKE@CAINJ.ORG JENNIFER FARRELL PROGRAM MANAGER JENNIFER@CAINJ.ORG GAIL BONUS ADMINISTRATIVE ASSISTANT GAIL@CAINJ.ORG

Contact CAI-NJ

ADDRESS CAI-NJ

500 HARDING ROAD FREEHOLD, NJ 07728 PHONE 609-588-0030 FAX 609-588-0040 WEB WWW.CAINJ.ORG EMAIL INFO@CAINJ.ORG

CAI-NJ on Social Media

www.facebook.com/ CAINJCHAPTER Community Associations Institute - New Jersey Chapter

@cainewjersey

CAI-NJ

5

JULY 2023