Are you in your 50s (or even
older) and are you wondering how they’re going to survive in your retirement.
Are you questioning if it’s too late to invest in property.
Is there ever a time when you’re just too old?
The answer would be no, but there’s a caveat: you’ll be far more
limited and your strategy will be very different the later you start.
That said,
I certainly don’t believe anyone should ever think that generating income from
real estate is out of their reach.
If you are looking to enjoy financial freedom during
their twilight years, you will need to grow a significant quality asset base
which is likely to include your home, your superannuation, and investment
properties.
The thing
is, to achieve financial freedom, you will need to do things differently from
what they have done in the past.
You will
need to invest in high-growth properties that generally have negative cash flow
as they don't have a lot of time on their side to see the wonders of
compounding growth work their magic.
This means
they will need to budget and sacrifice a little now so they can enjoy their
retirement later.
If you don't, the alternative is their golden years will be defined by money worries
as they struggle to make ends meet on your pension and your inadequate
superannuation balances.
RealRenta has all the tools that a property manager has but for less
than ¼ the cost of a property manager.
You can now manage your Residential,
Commercial or share/student accommodation property
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
Tuesday, 16 July 2024
