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.
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