5 Reasons Why You Should Invest In Property

The stock market might be what grabs the headlines, but have you ever considered investing in property? Hendersonville offers a variety of homes that would be perfect for earning you a long term real estate income. Not sure if property is where you should put your money? We have five reasons why it’s worth getting into real estate investments.

You Can Generate an Income

Whether you live in part of a property or not, you can always rent out some or all of the space to provide you with a steady stream of income. You can use it to pay off bank loans or, if the house is fully paid off, generate extra spending money.

Another advantage is that renting out a property can also form part of your retirement plan. If you handle your investment well, you’ll have additional income for when you retire and you’ll increase your general cash flow.

You’re More Likely to Get Money Back

As your property gains value over time, you’ll have a better chance to get more return on your investment as property values increase. This is called Capital Gains. This is why investment in property should be treated as a long term goal. You’re not looking at how much money you can make from it in the short term, you’re more concerned about maximizing your profit when you resell the property down the line.

You Get Tax Benefits

Investing in property has tax benefits in the form of depreciation. This means that as you pay off more of your loan, you have fewer taxes to pay on your investment. As a result of this, you can use some of your property expenses as a tax write off. If your property is fully paid off, you might not even have to pay tax at all.

You Have More Stability & Control

When you invest in a business, that company has control over how your money is used. You have control over how the business performs to ensure you get a good return on your investment. If the business fails, you might lose your investment entirely. In contrast, by investing in property you have more control. You have complete control over making decisions that can increase the value of the property, such as upgrading or renovating it, so you have a direct impact on the performance of your investment.

You Get Better Equity

Equity refers to the difference in the value of your property and your mortgage. The more equity you have, the higher your potential leverage is. As a result, you can use your equity to buy more investment properties and increase your potential payout and earnings. This means that you’ll enhance your cash flow without needing to use your own actual cash.

Final Thoughts

Before you consider investing in property, it’s important that you do as much research as possible. If you understand the property investment game, you’ll maximize your profit and even build up a sustainable retirement plan.

These reasons prove there are many benefits to investing in property. All you need to do is find the right area. There are homes for sale in Hendersonville that could earn you money. Why not check out the area and secure your future?

How to Budget for Your Next Car in 3 Steps

If you’re in the market for a new car, then you’ll want to create a budget, whether you’re saving up for the purchase, you’ve already got the cash handy or you’re going to need a loan. Here’s how to budget for your next car, no matter your situation.

Step 1. Create a Budget

The first step when creating a budget for your next car is to look at your current budget. Don’t have one? Now is the perfect time to start budgeting. A good way is to budget according to the timing of your wage. If your wage is paid fortnightly, then it’s a good idea to create a fortnightly budget. If it’s paid monthly, create a monthly budget. This simply makes the process a little easier. There are also many budgeting apps to help you.

Start by downloading a budgeting app, or create a humble spreadsheet and list all of your current expenses. Then open your online banking accounts and add in all of your expenses over the past fortnight or more and organise them into categories, such as home improvements/maintenance, work expenses, internet, groceries, etc. From there you will know exactly what you’re spending now and what you can afford to save.

Step 2. Consider Your Purchase

The next step is to pick your car. You’ll want to come up with a list of needs and potentially a list of wants (if your budget allows it). Do your research first and take a look at what vehicles on the market are currently selling for online and in your area. You’ll also need to decide whether you want to buy new or used. Buying used is always the better option on a budget but this is something you’ll need to decide for yourself. Create a list of cars that fit the bill (your needs and wants list as well as your budget).

Step 3. Budget Accordingly

Now that you know how much money you have left over each pay and you know what type of car you’re going to buy, you’ll need to budget accordingly. If you’re going to save up for a car, then you’ll need to create a budget to set aside money on a regular basis. You’ll also need to consider your timeline and how long you can realistically go without needing the new car. Will you be taking the bus to work? Or are you still able to get by driving your old car until you can afford to upgrade?

If you’re in need of a loan, then you’ll want to do your research and consider different lenders. It’s not always the best option to get a loan through your current bank or financial institution. Oftentimes, it pays to look elsewhere. You’ll also need to factor in the loan to your budget and come up with a payment plan. Don’t simply make the minimum repayments. You can always save a lot of money by paying more on top of the minimum repayments, so make sure you choose a loan that allows you to do this.

DeAndre Jordan’s Net Worth

DeAndre Jordan's Net Worth

With the 2019 NBA Lottery now over, teams will begin to line up their picks for the upcoming draft. The New York Knicks were hoping to have the number one overall pick and the opportunity to draft Zion Williamson; however, the basketball gods had other plans.

The Knicks landed with the number 3 overall pick in the 2019 draft. While there is some uncertainty as what rosters will look like for the next season, one thing is for sure, current Knicks’ player DeAndre Jordan has a high net worth. DeAndre Jordan’s net worth currently sits at $50 million.

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The Worst Ways Having Bad Credit Can Hurt You

There’s a lot of advice that tells us to avoid getting bad credit at all costs (pun intended). And while it’s all good advice, we are more likely to be compelled to follow suit when we are made aware of the reason behind the guidance that’s being offered to us. After all, as thinkers, we aren’t simply beholden to the words of those who are perceived to know more than we do.

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Stephen Curry’s Net Worth

stephen curry's net worth

After bagging the first unanimous MVP award in the history of the NBA, Stephen Curry became its first player to sign a contract that surpassed $200 million. From humble beginnings at Davidson College to becoming one of the most decorated and respected players in the league, the baby-faced assassin does not show any signs of stopping. Here’s what you might find interesting about Stephen Curry’s net worth.
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Michael Phelps’ Net Worth

Michael Phelps net worth

A 16-year athletic career as the king of the pool led Michael Phelps to a net worth of $55 million and a world record 28 Olympic gold medals to his name. The most decorated Olympian in history was born in Baltimore, Maryland. The youngest of three, he started swimming at age seven. Three years later, he set one of his many records, breaking a national record in the 100-meter butterfly. Continue reading