Most of us have never been taught how to save, let alone invest. It is a long while since I went to school and I’m not sure what they are teaching kids these days, but I doubt that it will be anything to do with creating wealth.
Younger generations are living differently to their parents; they’re marrying later, spending more on “lifestyle” and many fearlessly take on credit card debt. As a result, they have significant earning capacity, but few assets.
I must admit that when I was young, I couldn’t spend money fast enough! But inevitably a time comes when you need to manage your finances better.
To be financially independent you need to build an asset base that generates passive residual income, like a sound property portfolio.
So what are you doing about it? I am here to remind you and to nag you to get started. If you don’t know how all you have to do is ask.
Here are some interesting snippets off our Facebook page, which you will see if you like our ‘It’s a Breeze’ page on Facebook. Just click on the link.
From boom to bust:
Buying a property without a price guide:
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