The thought of getting old leaves many of us cold. We use euphemisms like Golden Years and Senior Citizens and Mature to make it sound appealing, but there is no getting around the fact that ageing is generally painful. But here you are, brave and ready to get ready for it!
Buying a house is a scary prospect and may be something that you have put on the back burner. You may tell yourself that you are being wise – after all the current economic climate is dicey and you may worry about the future. However, do you know that should you buy a house, you not only save on rent (in other words paying someone else’s bond) but your asset may well make a profit after the first year? This means it is one of the better debts you may enter into in your life time. Admit it, the vast majority of us yearn for a place to call our own…
Many people find that the income they derive from their monthly pay check is no longer adequate to meet their lifestyle needs. And so we sit at our desks, scroll through FaceBook links and dream…Where can I find extra streams of income that require little or no work? What can I actively do to improve my income?
Many first-generation yuppies have come to realise that they need to enter the property market. However, most of them find that getting a home-loan of between R1 500 000 and R2 000 000 is not always possible.
The creative ones usually find a way around this dilemma by purchasing a home in the R300 000 to R700 000 price range. The home is then used to generate a rental income. The rental is often sufficient to cover their bond repayments. This leaves many of them happy landlords.