Make Your Money Work Harder Than You Do
2020 has been a remarkable year and we are all experiencing some level of burnout. In 2021, why not make your money work harder than you!
You work hard for your money. Lots of hours spent at the office or on the job to get your weekly/fortnightly/monthly pay check. The stress of deadlines balanced with the knowledge that you get 10 days paid annual leave a year (that’s less than 3% of a year BTW!).
So why should you put your money into an investment? Well it’s simple … make your money work harder than you do! It’s called leverage. So, instead of you putting in physical hours, your money does the hard lifting for you. Here’s a few reasons why investing, and in particular investing in property, is worth the effort.
Firstly, investing means that your money does the work so that you don’t have to. Whilst there may be some upfront effort required to do your research and sort out the paperwork, once your investment is put into motion, you can sit back and relax.
Secondly, investing in property means that you have a physical asset that can be used to generate rental income. By building a well-managed, positively geared property portfolio, your investments will continue to make money for you even if you stop working at your day job. This passive income can allow you to put your retirement plans into action – possibly earlier than you could have ever hoped for.
Thirdly, there is also the capital growth you receive from holding on to property in the long term. That’s your money working twice as hard for you! This equity can be re-invested into another cashflow generating property. Or you can cash in and use the money to tick some items off your bucket list.
Consult with your accountant, financial planner and find a great developer and builder with experience in the industry … like Activa Developments! Building an investment property portfolio is a great way to set yourself up for wealth generation in the long term as well as improving your current and future lifestyle.