Investing In Real Estate When You Are A Young Worker
May 11, 2021
Investing in real estate when you are young working is a good idea. Most young working people dream of buying their main residence. According to experts, this is not a real estate investment.
Of course, you save rents, but your house or your apartment does not bring in any money. Impossible to be annuitant if you only have your main residence.
The purchase of real estate by a young worker who wants to invest has several advantages. It is undoubtedly one of the best investments for a young person in terms of return. It is an investment that protects well against inflation since you can revalue the rents each year.
With an investment in parking lots or garages, you can expect 8% gross return on average. Some do much better but others cannot.
Becoming the owner of a real estate investment at a young age allows you to repay your loan sooner. You take advantage of the rents at a younger age, recklessness and the perception of risk are advantageous in buying real estate early.
In the event of failure, a young person will be able to recover from his bad real estate investment more quickly. Also, as the young worker has no money to lose, he is more careful before investing.
There are estate planning financial advisors present out there, such as experts of RKFS, and many people take their advice and it is more cultural for young people than for older investors.
Why invest as young as possible?
It’s true, why invest when you’re young? What did we learn as children? That you have to study for a long time in order to get a good job.
This will allow us to have a large salary (provided we work well) which will be enough to meet our basic needs and to repay the loan for your beautiful house and car. Then, after having worked well all your life, we will have well deserved our retirement which, we hope, will still be enough for us to live in our old age.
Have you ever wondered if there is an alternative to this “metro-work-sleep” lifestyle? This alternative exists and it is when you decide to invest young.
But what does it mean to invest when you’re young? Well, that could allow you, for example, to have additional income to live more serenely.
This additional income would allow you to have more of the finer things in life, to go on trips more often, to change to a better car or to please your loved ones.
But also, you would not only save more money, you would also save time. Indeed, perhaps this new income would allow you to work part-time or it could replace your current income altogether.
You would then have a lot more time to devote to your loved ones, your hobbies and everything you love.
In any case, the fact of investing young will allow you to ensure a lasting retirement and that not necessarily at 62 years or more. Why not retire at 50, 40, or even 30?
So, if you’re looking for someone who can give you trustworthy advice in this regard, our suggestion for you is to turn to financial services companies in Delhi like RKFS.