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Retirement Planning With Property
Retirement Planning with property is easy to do when done right.
Let me ask you…Have you ever been on vacation and realized that there are basically two types of vacationers?
The first type is similar to what I used to be years ago:
The person who watches where the money is spent and counts the holidays down from the first day before returning to work.
Do you do that too?
I did and it used to drive me crazy, just when I was starting to enjoy my vacation it was time to go back to work.
Now the other type of person is the one who goes on vacation without keeping track of what he spends or how long the vacation will last, with the flexibility to change.
plans on a whim (for example, deciding to immediately go to another holiday resort).
Why can’t we all be like that?
Wouldn’t you agree that if we work all our lives, we deserve to live that lifestyle? We deserve to enjoy our golden years doing the things we want to do and be financially secure enough to live life to the fullest.
We can, but you have to set it up.
Please also remember
Property Investment Is NOT a Get Rich Scheme
Which means you have to start setting everything up now and not tomorrow, because we all know that we put things off and consciously after a year or 2, we kick ourselves for not taking the step when we thought about it.
I remember in the early 80’s when I started as an apprentice motor mechanic there were a few older guys who retired and everyone said how lucky they were to retire.
Do you remember the big deal in the early years,
everyone used to get “The Golden Watch”
But you know what? No one even thought about what actually happens to these retired workers, there cash flow will be reduced because they will enter the pension.
Most people work all their lives, sometimes starting as early as 15 and working until age 65 (working life span of 50 years).
Generally, by the time people reach retirement age, the home is paid for, they have raised and educated the children and done everything in their power to provide for the family.
But strangely, after all that, if we look at the figures from the Australian Bureau of Statistics:
86.6% of Australians who retire before the age of 65 will only live on an income stream of less than $16,000 a year!
That’s only $320 a week to run the household, pay all the bills, buy presents for the grandkids, buy clothes, etc. I know it’s nowhere near enough to live a decent lifestyle – my mother (age 72) experiences it every day.
How do we work all our lives and still end up with such a small amount of money?
Easy, because we’re just taught how to get a job, pay our taxes, buy a home, raise a family and that’s it.
No one ever said- “Wait, you better start working smart and do some retirement planning and start leveraging yourself for the future!”
So how do we change all that?
How do we start working smart so we can retire financially secure and free with a steady income or alternatively, become financially independent at an early age?
What I am about to show you has been used by the wealthy and other people in the property field for many years. It’s really nothing new
Did you know that investors use their investment properties to pay for their children’s school education through this method that I am about to share with you?
Just like my daughter Gyorgem, I had the Investment Properties to pay for her Private School.
First- I’ll tell it like it is: If you have a home loan with a Line of Credit (LOC), couldn’t you use the credit to buy cars, vacations, etc. directly from the LOC?
But, it’s YOUR home and you’d rather pay it off as quickly as possible than increase the loan, right?
Well, what if you had a property investment portfolio of around one million dollars? Let me tell you, in today’s values it is not difficult to do at all, one million dollars in property investment is really not that much, when you get into your first investment, the second one is not far away.
So if your portfolio is hypothetically growing at 7% per year, that means you have equity growth of approximately $70,000 per year, right?
I will also tell you as you are probably aware that property does not climb at a straight angle but if we look at it over years it averages capital growth.
Then why can’t we borrow that from the bank and use it for our lifestyle? And if we borrow from the bank, it’s not income, so do we pay tax on it?
No! Because it’s FREE! It’s a LOAN, not income!
Now do we start working smarter and not harder?
This is in theory, because we all know that property does not increase
7% annually. It can go up 15% one year and the next couple
for years it may be flat, but on average, if we look at it over the long term, property has proven itself time and time again.
Just remember, with this method it also depends on how much you owe the bank (rental yield plus expenses). But if you hold a property for the long term, this is very possible and easily achievable.
In my personal appointments I go through this and show you how everything is possible, even for someone with a small income, but remember that you will have to use equity. If you don’t have a home, you can use someone else’s home for a few years until the Investment has grown in equity and then you can release the security property.
My oldest client was 64 and self-employed when he bought his first Investment Property, so never say you’re too old or it’s too late.
As I said before, time we can never replace.
So many people just waste time finding excuses to put their financial wealth aside or leave it for another day that unfortunately never comes.
TRUE FACT-
Did you know that we spend more time writing purchases
list or plan a two-week vacation than we do for our entire future?
Isn’t this a shame?
Think about it and make a decision to start working on your future right away, right now. Figure out what you want and need so when you retire you have something to help you because retirement planning with property will help you get there if you do it right.
Sign Up and Get Your FREE 20 Page Report and Weekly Real Estate Tips.
http://www.npis.com.au/investment-property-signup.html
Wishing you all the success,
Dino F. Livanidis,
0418-872280,
www.npis.com.au
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