Buy Appreciating Assets

Last week we discussed the negative impact of continuously purchasing liabilities on our ability to build long-lasting wealth. The opposite is true for appreciating assets, especially assets that don’t require a lot of our time or maintenance.

Buying a small two bedroom flat or apartment in a well established area, using the bank to finance 90% of the purchase and getting a great tenant to pay 90% of the monthly bond and levies while watching the property double in value every six years make a whole lot of sense to me.

If you want to know where to buy great properties like these, then email me and I will show you – clive@ifinplan.com

Buying a Car?

By continually buying depreciating assets (called liabilities) like cars and expensive electronic goods you undermine your propensity to build long-lasting wealth. So what do you do when you have to buy a car and you have to finance this car?

Don’t buy the most expensive luxury car you can afford – rather read more »

Money’s best kept secret

The best way to generate long term wealth is to continually focus your energy on buying appreciating assets with your hard earned income. Period.

No one will ever look after your money like you will

People are just begging to be told what to do. There are a lot of reasons for this, but I think the biggest one is: “If you tell me what to do, the responsibility for the outcome is yours, not mine. I’m safe.” – Seth Godin

How many times must we hear and read about people who have lost their pensions and savings because read more »