Cashing Up To Cash In On Real Estate
There is one thing saving money for a ‘rainy day’ but there is another thing cashing in all your unused items or those luxuries you have been enjoying, to have cold hard cash available for when the market turns. Having cold hard cash for property investment will certainly make a difference to your potential for borrowing money.
Putting plans in place for the next 2 years will put you in front of so many other people who will only think about what they want to do and don’t take action.
Do you remember when you first started saving to buy your first home?
Do you remember all the things you went without for a couple of years so that you could put down a deposit?
A while back I was reading an article about Geoff Huegill (Olympic Swimmer) and his lovely fiancé Sara Hills who have announced their engagement but had not bought an expensive engagement ring because they feel that owning their own home is more important and they are saving for their deposit. I thought “how wonderful to see these young role models say that they are not living in the fast lane, but taking time out now to build their future.”
Well maybe the time has come again, except now it is so that you can build your wealth as a property investor.
Is it time to consider selling the second car and some of those other luxuries that you don’t really need or use that frequently?
Filed Under: Investment Strategies • Property Investment
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