Have you got a debt free home and sitting back enjoying it?
- Image by etrusia_uk (Away for a while) via Flickr
If this is you then maybe it is time to start rethinking your financial situation. There are many jokes about retiree’s spending the kids inheritance, but the reality is that we are living longer, living in retirement longer and are enjoying ‘the good life’ longer, so doesn’t make sense to set our financial status up for the long term.
60 is the new 50 and if you live until you are 95+ you have 30 years of retirement to fund. So if you are in your 60’s, still enjoy good health and want to life ‘the good life’ maybe now is the time to use some of the equity in your home and purchase an investment property.
I know a 74 year old who for the last 3 years has taken a 4 months holiday overseas, sightseeing and generally enjoying life because he has the funds to do so. He has climbed mountains, taken cruises in Europe, taken safaris in South Africa and danced the samba in Rio de Janeiro.
This is the lifestyle many don’t even dream about because they cannot see themself having enough money to do, but it is possible when you build a large property portfolio.
Think about it. Is it your time to get into the property investing before interest rates rise too high?
Filed Under: Property Investment
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