Try Cutting Costs

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

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