The most
obvious, but also the most uncomfortable, is to reduce your living expenses.
This option
however is likely to be the least desirable and the most uncomfortable one.
It would
mean doing something you may have not had to consider for a decade or more.
Living well
within your means.
Many
successful and high-level business and property mentors talk about saving a
smaller portion of your wage for investing.
Whether it
be 10% or even as much as 20%, unless you’re willing to pay a small initial
investment in your future now, you will end up paying a higher price later.
It may not
be in the form of dollars, but rather choices.
The choice
to do what you want to do with your time, be it travel, spending more time with
those you love, or following a hobby or passion project.
Many will
lose the opportunity to create intergenerational wealth for future generations.
In my mind,
it is a simple equation.
Am I
willing to forego $5,000 or $10,000 now, to maximise my lifestyle and the
benefits of greater wealth later?
In a world
that is set up to maximise instant gratification, you must swim against the
tide and practice delayed gratification.
Unfortunately,
for too many people that can be a bridge too far with so much happening in the
here and now, that they can’t delay gratification for the future.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Friday, 4 August 2023
