IF YOU’RE SAVING, YOU’RE LOSING…
What I love about a new year is that it is a new beginning, a new page, an opportunity to change and improve.
But let’s ask the tough questions for a moment. How much wealth have you built up to now? Is your wealth growing sufficiently? And most importantly, what are you going to do DIFFERENTLY this year to build more wealth?
Only 6% of South Africans can retire comfortably. We all know this statistic, yet much more than 6% of the population think they are part of that 6% 😉
I don’t only want to retire comfortably, I want to LIVE comfortably, and I had to shift some of my paradigms.
As a young man, I received this advice from an experienced investor: “You don’t save yourself rich, you buy yourself rich.” Robert Kiyosaki is much more direct: “Savers are losers”. This concept took a long time to sink in.
How do you buy yourself rich? You purchase assets that appreciate and generate positive cash flow. Having retirement annuities or pensions funds are not enough. They are paper assets. You must have tangible assets in your portfolio as well.
Investment properties are great tangible assets to have in your portfolio. For me, the BEST is that property gives me two returns – Capital growth (capital appreciation) and rental income (cash flow). Property is also one of the few assets that one can acquire with very little of your money.
Ensure you have enough money to live financially free and build that second (or third or fourth) stream of income and build your property investment portfolio.