Tag Archives: invest in property

Retirement: 5 tips on how to save $1 million

I am always open to thoughts on how to best use my savings to grow themselves and I’m sure you are the same so when I read & heard this

Retirement: 5 tips on how to save $1 million

I was all ears! We are all living longer but we still want to maintain our own personal standard of living, as well as being prepared for any future health care costs. This is how to be like a good scout and “Be Prepared”

Five tips for saving a cool million by the time you retire.

  1. Start early and take advantage of the power of compounding.
    It only makes sense too make use of free money
  2. Have a plan
    It really focuses you.
  3. Take advantage of your company-sponsored savings plan
    Again the free money advantage. Jeanne Thompson, vice president at Fidelity Investments, says: “90% of the Fidelity millionaires are taking advantage of the catch-up provisions and many are saving up to the maximum. “They are milking it for all it’s worth.””
  4. Use automatic deductions for all your savings.
    If you stick a certain amount on a regular stop order deduction you can’t be tempted to spend it 🙂
  5. The stock market is your friend. You won’t get there just on savings alone,” says Thompson. “It does take some market action.”

Check out the interview with Jeanne Thompson here 

Robert Kiyosaki has his own views and offers this guide to wealth

Lets get our savings growing.
Click here to see how I am growing my investments to reach a million  …

If you could eventually make $4,000 per month with a $300 investment, would that make financial sense to you?

Go well till the next time




Are there Rules for investors looking to get into property?

I found an article by Chris Gray host of Your Property Empire on Sky News Business channel and CEO of buyers’ agency Empire totally enlightening 

He explained that because we are all so different we have to look at plans for retirement differently too. One man’s meat is another man’s poison as the saying goes.

However even though we may be at different stages of our lives and have different attitudes to risk he points out that there are some “Golden Rules” to adhere to.

Even though I’m not against a bit of risk I do like the odds stacked in my favour if possible and Gray agrees that our investing should give us the best possible chance of profiting while taking the least amount of risk and cautions us to “Concentrate on the numbers”

Maybe because math doesn’t come all that easily to me I am always out with the spreadsheet and plotting the numbers; so I’m on track there ….
However the trick is, I guess, to listen to them regardless of what you feel emotionally. Investing is not an emotional pastime I have found and in property the numbers almost shout at you!

Property as with all investing needs time so focus on the long term is paramount. I have started my investing on a small scale but having worked the plan through I know what I have to do and exactly for how long, until I can truly say, I am able to retire on the passive income the investments generate.

I have learnt that the best location you can afford is a must and unless you are flipping a property then the idea is to hold it and only sell if you can better the deal and returns ie rents by doing so otherwise your profit disappears in fees and charges.

There will always be a high demand  for property in good suburbs as they tend to sustain high prices, so it’s best advice to buy more and build up your portfolio if you have the knowledge and are prepared for the work it entails.

Gray says
I would much rather have $2 million worth of property with a $2 million mortgage, than have a $500,000 property paid off and $500,000 in equity.
If the market moves up 10 per cent, my $2 million rises by $200,000, however my $500,000 property rises by just $50,000.
Over a decade, I would aim for my $2 million to double to $4 million rather than have the $500,000 doubling to $1 million. It’s more risk in the short term, but it pays off in the long term.

I have also found out the hard way that you need a cash buffer to take care of the calamities that cross our investing paths. Without the cash you land up having to sell during a calamitous time, which kind of defeats the whole object of investing doesn’t it?

As we cannot be an expert in everything we do, we still need to seek out professional advice to help us make educated and calculated decisions. plus it might cost a bit but it is so inspiring seeing things through their eyes and realising what can actually be done. I love my frequent visits to my accountant, I always come home with something to look into and understand a bit better.

After one such visit I had a total epiphany and rethought our whole retirement plan! As I said I’m not averse to a bit of risk and something a bit different. ‘My bit of different’ seemed to be the only way I was going to every be able to actually retire so I was delighted when my due diligence and numbers all agreed!

Gray also agrees “If you do average things, you get average results. Most people work a 38-hour week and don’t retire until they’re 65.
If you want to create more freedom and choice in your life, often you need to do the opposite of what a typical person does.”

It’s often quite a challenge to go against the grain but often that’s what it takes. So do your homework, check for any possible downsides and then go for it. I did just that with Flipping 4 Profit and so far so good. I get the odd look from some people but some have seen it as I have – the way to the light at the end of a tunnel.

My retirement is on track with an achievable end goal now, Phew!
Is yours?

So, Go well till the next time 🙂



Moving house any time soon?

Are you anything like me and my family?
Have you moved house rather a lot!

I did a count up a while ago of the number of houses we have lived in… Some were very brief and not all were owned by us, but I got to 27 in our 40 year marriage! I guess I should know a thing or two about finding a good location and a comfy house by now.

We are now coming into the ‘Third Age’ period of our life and we’re looking around to see where we want to retire.

  • Where should we move to?
  • Where will we feel at home?
  • What kind of weather do we want?
  • What is the cost of living?
  • Can we afford a house?

These are questions which will impact the rest of my life…

Nomad List has been a help. It’s a site where you can choose ‘The Best Cities to Live and Work Remotely’ It scores loads of cities checking their climates, air quality, cost of living and internet speeds. At present I apparently live with super clean air but very low internet speeds here in Durban… I will be looking for some better speeds in the future but it can’t out-weigh the air quality, clean,  or climate – warm of course!

I will have to dig a bit deeper and look closely at the cost of living, cost for meals, house prices and so on. Plus I want somewhere safe, well as safe as possible.

The list is getting shorter but it’s one heck of a job and responsibility isn’t it?
Fortunately our game plan still has a few years so I should have it sorted by then!

Any tips welcome 🙂

Go well till the next time

Do You Believe in Luck or Sheer Hard Work?

Talk Therapies asked me the other day

“How lucky are you?”

Well, so are you lucky? – Do you believe in luck?

I’m a pretty, ‘feet on the ground’, type of gal and have always believed in a good work ethic as being prime to self-help, however, I think timing has an awful lot to do with your success.

So is timing; luck, innate knowledge, or good planning?
Again being pretty practical I would say a dash of all of the above:
Looking at the people who have been in my life I have noticed that some people do seem to have good things come their way more often than others. Whether it’s winning competitions or raffles,  good board games/cards or just has cool stuff happening to them.

What makes that happen? Luck? Timing? or Knowledge?
According to Talk Therapies there have been several studies on this and the findings all seem to point to one thing…

Taking a chance!

“People who appear to be lucky tend to be more social and are open to opportunity. They
tend to be more optimistic people who believe that good things will happen, so they take
a chance. The more chances you take, the more likely you are that some of them will
pay off.”

Of course memory plays a neat job at making lucky people luckier too, because we all tend to not know about, or to conveniently forget about, all the failures that led to their lucky streaks.
Perfect examples are celebrities who have suddenly “arrived” (not)
It took them plenty of hard slog and refusals to get there!

Talk Therapies has a good little test you can do “Imagine a friend that takes a chance every day. Maybe one in 10 of those will pay off – so that’s about 3 good things that happen a month. Now think of a friend who only takes one opportunity a month – they may only have one good thing happen all year. It’s about the same ratio of good to bad but one friend will seem a lot luckier, particularly if they only tell you about the good things that happen.

“So, if you want to be lucky, say yes to every opportunity that comes your way
who knows where it could lead.

I say Yes to that, ‘with knobs on!!’

My latest opportunity is, amazingly turning into something I only dreamed about
Yes I’m working at it but nothing is passive unless you’re dead!
But it is giving me a great opportunity to have a decent retirement income, I couldn’t be happier!

What can you say yes to today?

Go on – Be lucky!!
You never know where it could lead.

Go well till the next time



How to Find A Great Investment Property

Neil Vorster is a South African property investor and coach. He writes a regular blog and newsletter to which I subscribe. His 7 tips to acquiring a Great Investment Property just have to be shared!

Neil says everybody wants to know how to pick a winner, and fortunately with property investment the luck or gambling element can be almost entirely removed.

You don’t have to settle for average!

By following these 7 tips, you can be well on your way to beating and even doubling the national averages and acquiring really great investment property.

1. Location

This one is somewhat overdone, but I am constantly amazed at how little attention potential investors give to location. Property value is intrinsically tied up in its usefulness to the future tenants. It stands to reason that any property that is well located, close to desirable places of work and transport nodes and routes will be more valuable to tenants.

2. Type of property

When looking for a great investment property, a townhouse with a good security system, controlled visitor access and 24/7 security guards will win over a normal house or flat any day!

3. Agents

There are agents and there are agents!
The secures his or her 3 month sole mandate by hyping up the property value. Then they start the process of bringing the seller down to reality in the hopes of securing a sale. Naturally it will be difficult for an investor to get a great deal from “seller’s agent” as commission comes from the sale. Whereas a “buyer’s agent” will often undervalue a property for a fast efficient sale. This type of agent is solid gold to you, the investor.

4. Local agent networking

Once you have selected your choice investment location, the work begins; Start by looking up the agents who are very active in the area and cultivate relationships with them. A regular monthly email or phone call from you will keep you top of mind for when that “urgent/bargain” deal crosses their desk.

5. The internet

Scouring the internet adverts can reap good dividends, but cannot completely substitute getting out there and looking at properties. There are websites that will scour the internet for you and return any new listings of your selected complex to your email inbox.

6. Clutter

People naturally perceive greater value in a property that is newly painted, spotlessly tidy and ready for show-day. They therefore will pay a higher price.

A property in poor condition, requiring paint and perhaps some running repairs to the cupboards and/or inhabited by a messy tenant who feels threatened by a sale, will be overlooked by many potential purchasers. This provides an excellent negotiating opportunity for an investor to factor into his price a paint job and some minor repairs. I call this seeing through the clutter and discerning the true value of a property.

7. Bargain hunting

Lastly, Property investment is a long term decision that, when done correctly, provides massive returns on your investment. Most investors cannot recall the exact prices paid for properties purchased 10 years ago, and even if they did, the numbers would make you laugh!

I have seen many investors pass over an opportunity of buying a great investment property because they are desperate to knock the seller down to his last penny.

So Neil’s advice in a nutshell:

  • do your homework,
  • know your areas and prices and
  • when a good opportunity presents itself, secure the property.

Hope these tips from Neil were helpful
Go well till the next time

Work at Home Resources for Boomers

I’m in the process of setting up some extra streams of income with my Online-Business Guru Pete Carruthers we have tackled everything so far from brainstorming the ideas an how to check if they are sound or not to Google ads and affiliate sales and a whole lot more in between.

One thing Pete discusses is how to avoid Scams to do your research and which websites are the most beneficial for budding online businesses.

Some online and off line ideas you might like to consider are:

1. Selling Online (eBay or Craigslist)Retire_Structure
2. Telemarketing
3. Direct Selling
4. Write or Edit
5. Translate On-Line
6. Become a Virtual Agent
7. Medical Transcription
8. Become a Tutor
9. Freelancing
10. Selling at a Flea Market
11. Workers with Disabilities
12. Become a Chef Consultant
13. Care Giving

Why not look Pete up and let him guide you  as he is guiding me, through the milieu that is an online business!

Go well till the next time
pursuing my passion making sure I retire happier and wealthier



The Rise of the Entrepreneur!

So how can we become entrepreneurs?

Well there are several ideas that come to mind but the idea that seems to be gathering the most momentum and, one I want to be part of, is Crowd Investing, in particular Real Estate Crowd Investing.
I have been making a study of it lately and I thought you might like to know what I have found out …

What is property crowd investing?

“Crowdfunding helps investors who are unable to fund their own buy-to-let investment to start growing a portfolio. Existing landlords can now easily diversify their portfolio to improve the performance of their investments.”- Andrew Gardiner Property Moose

 Crowd Investing brings investors together to buy properties for flipping, the buy-to-let market and development projects. The investing company, partners with professionals who manage the acquisition, sale and rentals of the property for the duration of the investment term, The investor, you, receives a share of the profits when the property is sold and in the case of rental properties a monthly rental income and when the property is sold any capital growth is shared between investors.

The companies I have looked at all show projected returns are shown net of all known costs, expenses and fees which consequently means they only source deals that have great growth potential especially as they only make money when the investors do.

How is  our money protected?

Investors generally hold legal shares in the company / property  and as an investor you receive share certificates. Shares can be sold at any time and quite democratically, the investors in a property can vote to sell early or extend the term.

The companies will always be committed to getting the best price for properties at the end of the investment terms as their profit is tied into the returns.

To me it appears that the only wrong decision we can make is to not make the decision to join the crowd!

For the smallest ever investment you can for the first tiime join the rich- become an entrepreneur and start growing your own portfolio

Go well till the next time