By the time I
reached 35, I was already earning a fortune. I have financed my own vehicle,
paid halfway my mortgage and had been setting aside money for the educational
plans of my future children. I have also been setting aside property
investments upon my retirement.
Yes, I do
have some stock market investments, which are currently fluctuating despite UK’s
best economic recovery since the 2008 financial crisis. However, stocks, like
companies, can come and go, and despite their growth, the money you deposit in
them they can lose their value. Properties are also the same, but because they
are solid assets, they can get you more.
A simple monthly
rent already serves as passive income in many cases. Imagine if you had more
properties. Most UK couples and young families prefer to rent instead of purchasing
a new house or room because it is more affordable. You will surely find someone
who will want to rent your property.
You could
also invest in improving the property’s quality to raise its value. However, the
real deal is when another investor takes interest to open up a significant
economic driver in the area, such as a mall, a factory or a business centre for
locals. With bustling activity, your property’s position increases its value.
You may lose
some of its value because of economic changes, but any economy wants to
recover, which is why you would not really lose out on investing in real
estate.
