What does it really mean to invest in yourself? I mean yeah stocks, bonds, mutual funds, etc. But what is your plan once you reach the point you’re dreaming of? Of course everyone should constantly be saving for retirement, but isn’t there another goal besides that? Starting a low cost business may sound very complicated, but it’s actually much more simple than you think. Have you ever thought about owning property? I am not talking about launching the next big real estate venture, but would it be that difficult to own some small properties? Lets think about it for a second. If you were to buy a house for $200,000 and rent it out for $2,000 a month, that would only take a little over eight years to break even, and then you would be making an additional $24,000 a year after that.
OK well even if you have the money to make that investment, you may be thinking to yourself… “how much work is it going to be?”. To be honest, one family is not to much to take care of as a landlord. You may have to stop by once a month or so for routine maintenance, and if you are someone who is somewhat handy, then this should be no problem for you! Otherwise you could easily hire a part time worker to help with handy work. This may dip into your profits a little bit but will present itself as an opportunity to make side cash with basically no work involved at all.
As a professional investor, I would highly recommend investing in real estate to my listeners. It is a very easy way to generate profits in the long term, and if you continue to invest into this market you will be earning very large revenues down the road. This is a very simple yet costly investment, but it is also a very valuable investment non-etheless! It’s an easy way to make extra income, and you might surprise yourself with how much revenue comes your way! If you don’t have enough saved up to get through the startup costs of your venture then you may want to find investors. But finding investors with small companies like this can be very easy! The best time to start saving is right now! Owning property like Landed Property Kovan can be very lucrative and it should definitely be an investment considered by anyone.
One of the best things with living in a condo is the fact that there are security measures in place in the building so you and your family are safe and secured. Some units are also pre-installed with security features such as locks, floor pass and other security concerns which make it safer for you and your loved ones. Floor passes or key cards also prevent someone from entering your floor and CCTV cameras are now the norms so any suspicious individuals are apprehended by the building security or staff.
Having a traditional home or house would require one to maintain the exterior as well as the interior part of the structure. If one has a lawn for example, one needs to trim down the grasses or water it to prevent the lawn from drying up. When one is living in an unit, one no longer needs to do this as more often than not, the building maintenance would do it for them. Thinking of a leaking roof and having to fix it by oneself can be daunting and life threatening especially if one has no idea how to do it. Maintenance personnel can fix it and if there are any plumbing or electricity issues, they are likewise able to do it for the tenant(s).