| |
| |
|
|
Personal Finance |
|
Succession Planning
Have you ever thought about what you are going to leave your children when you pass from this earth? Wouldn't it be a great feeling to be able to give them a really good head start in life - without actually spoiling them? It really doesn't matter how old you are, it's something that you need to be thinking about and planning for now. In the process of planning your inheritance and blessing your children, you are really making YOUR life better and more financially secure because you'll enjoy these benefits before you pass them on. You could really enjoy your retirement instead of having to scrimp and save every dollar. This planning is even more important if you happen to be a farming family - especially if you have sons or daughters that want to take over the farm when you retire. What are you going to do for income when you hand over all the assets and farm to your children? You'd be in a unique position if you had enough money in the bank to take out enough to live comfortably for the rest of your life. Another consideration is how are you going to make it fair for your other children if 1 gets the farm and all the assets etc? One possible solution is to make the farming child pay out the other children so all amounts are equal. This, however, could result in undue financial pressure on the farmer. So what is another possible solution? I strongly believe that a great solution to creating financial security in both retirement, with the added bonus of providing a fantastic inheritance for your children, is to invest in positive cash flow real estate. Some of the main benefits include: 1. Purchasing real estate with a positive cash flow, resulting in more income to live off NOW 2. There is an excellent prospect of capital growth in real estate (so your assets increase in value, approximately double every 7-10 years) 3. Your repayments to the financial institution will stay the same, but your income goes up with the CPI or whatever rate you decide in the lease. Hence, your income will increase over time without you doing anything, as well as having someone else paying off your loan! 4. If you use a systematic formula to create your wealth, resulting in passive income, then you'll have a comfortable amount to retire on (assuming you continue to invest and reinvest) 5. If you use a systematic formula, you could end up with multiple properties, all returning a positive cash flow. These can be used to fund your retirement as well as give you something of REAL VALUE to pass on to your children. It really is a win / win situation. Many people are sceptical about investing in real estate because they have heard so many failure stories. It's not that hard to get it right. You just need to be shown HOW to find those cash flow positive properties and have the courage and determination to go for it! After all, you could be creating a better lifestyle for yourself now as well as for your children. What a great gift to give them - a second stream of income, that they don't have to work for. They'll certainly remember you fondly! In conclusion, I hope I have been able to plant the seed of enquiry so that you at least go and learn more about investing in real estate. It might be the most profitable homework you've ever done. A final comment: many think that investing in real estate is for the rich, well that is NOT the case. Anyone can invest in property, high and low income earners. Do yourself a favour and check it out today. Mandy Nield is a recognised authority on the subject of investing. Whether you are a fully experienced master craftsman or a raw apprentice, you will learn exciting and achievable ways to improve your saving and invest profitably in real estate, to secure a financial future. http://www.anyonecaninvest.com
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
How to Save for A Down Payment Saving for a Down Payment is hard work, so it's a good idea to really want to own your own home by the time you begin your Savings Account. It's difficult to turn down a weekend in the Bahamas (or Downtown at the Clubs!) when you don't have a definite goal. How To Protect Yourself Against Identity Theft Identity theft is a serious crime that continues to grow. If you become a victim of identity theft, you may spend months, or years, trying to repair the damage. Vacations Made Easy: Buying a Florida Investment Property Vacations Made Easy: Buying a Florida Investment PropertyA relaxing beach vacation means different things to different families. However, imagine returning from a long day in the sand and waves, hair dripping and tan glowing to a place where you and your family have settled over the years. Succession Planning Have you ever thought about what you are going to leave your children when you pass from this earth? Wouldn't it be a great feeling to be able to give them a really good head start in life - without actually spoiling them?It really doesn't matter how old you are, it's something that you need to be thinking about and planning for now. In the process of planning your inheritance and blessing your children, you are really making YOUR life better and more financially secure because you'll enjoy these benefits before you pass them on. Whats The Truth Behind Your Finances? Between 15 - 20% of people in our country (UK) own there own businesses. This statistic is on the rise thanks to the incredible invention of the Internet. Benefits of Personal Finance Software In this age of information, keeping track of your finances does not mean an archaic jumble of ledgers, calculators, and papers filled with calculations in chicken scratch. Now everything can be taken care of on your computer through personal finance software. Saving Dimes Can Go a Long Way On the other hand, there are those people who are saving dimes and every other cent. Perhaps its because they hate the clutter of change but want to get rid of it instead of letting it accumulate elsewhere or still rely on the fact that change has value and should be used accordingly. Expenses A - What Are They And What Can We Do About Them It is crucial as an individual who is striving for financial freedom to be able to recognize the different type of expenses in our lives. It is a proven theory that it is easier to cut your expense than trying to earn more income. How You Feel Affects How You Shop & How Much You Spend Have you ever stopped to think about how your "mood" affects the way you shop, not to mention the amount you spend? Think about it.If you want to save a lot of money, avoid shopping whenever you are in one of these moods:DEPRESSED, UPSET, or ANGRYIt's very dangerous for your pocketbook to shop when you're either depressed, upset or angry. Grocery Savings - Your Kitchen is a Goldmine! Your food budget is the most flexible area of your household budget. Grocery savings will free up a significant amount of money if you need to balance the budget, or fund your savings accounts. 10 Quick And Cheap Ways To Cut Your Heating Bill When you received an energy (heating) bill last winter, were you afraid to open it? Granted that we have a home with a lot of really big windows, but we saw energy bills last winter in the hundreds of dollars. Your bill probably wasn't that bad but I'm guessing that it was a lot higher than you would have liked. If I Had a Structured Settlement, I Would Use It to Pay for Gas Has anyone been to the gas pumps lately? Soon $3 a gallon will be the asking price and we'll either have to become cyclists or create some additional income. I plan to do both of course because you can balance thrift and greed pretty well as you ride your bike to work. Live Green; Save Green! Have you seen the recent article on a new "green" residential high rise in Battery Park? It's called The Solaire. For a look at the hopeful future of architectural efficiency, check out the myriad of cost saving and environmentally-friendly features of the building:http://www. Check Facts and Figures Are you a check fanatic? Don't worry, you aren't alone. Millions of consumers write checks every year. How to Choose the Right Bank for Your Online Business You should thoroughly consider your business needs when selecting a financial institution or bank for your small/home business. You may want to consider the following points:- The types of products and services that are offered. Personal Checks - Extreme Benefits Millions of people have a checking account and many people have two of three. They have the choice of choosing a variety of check designs to compliment the checking account. More Money? My Cup Runneth Over...But Im Still Thirsty Most of us, especially those of us who have debtor's disease (if you have it you know what it is!), have commented or at least thought, "If I could just win the lottery, or sweepstakes, everything would be better." Unfortunately, even if that big dream did come true things probably would get worse instead of better. A Fresh Start for Family Finances in 2005 While 40% to 50% of us make New Year's resolutions on January 1-a ritual that has existed since ancient times-approximately 60% to 80% of us have already broken them by the end of February, according to researchers.It's still not too late, however, to reset the trajectory on your family's finances, experts note. 10 Steps to Take if You Are a Victim of Identity Theft There have been an estimated 9.9 million victims on America and over 40% of all consumer complaints in the U. Money Saving Tips. Maximize Savings on Everyday Items! Frugal living is more than a lifestyle. It's a passion.
|
||||||||||||||||||||||||
