We spend our lives in a groove which we accept as normal – 40 hours per week 48 weeks per year exchanging time for moneyThere is another way – where we put our money to work and achieve the point where we create an asset that pays us whether we work or notThis point is the point where we become financially free. There are various ways of creating an extra revenue stream – business, investments (equities, property, venture capital), royalty income (music, art, photography, literature) Tonight we are going to look at becoming financially free through property – where we can become released from exchanging time at work for time doing what we want to do.
This graph shows the history of UK property market recorded by Nationwide building society – we have only to look back over the last 40 years to see how the market moves in one direction – ask yourself – how much did you pay for your house – how much did your parents pay for theirs?
This map taken from the Times at the end of June this year shows the %age of equity remaining in people’s homes is different in different areas. Our investment strategy is to buy in the following areas – Newquay, Plymouth, Exeter, Bristol, Cheltenham, The Cotswolds, Winchester and London.
We all know what is happening to the UK economy at the moment with job losses and cost cutting happening everywhere making the risk of households not being able to make their obligations going forward. This map was taken from The spectator magazine with data taken from Experien the credit checking agency. It is worth being aware of the differences across the nation when selecting a property investment. The lower the risk the higher the demand for housing and the more reliable the rental
Midas Quick Overview
• When is the right time to buy?Population growth forecast:63.5 million by 2013, 65.6 million by 2018 , 67.8 million, 69.8 million by 2026, 71.6 million by 2033Rented sector – provides to 4.3 million housesThat figure is expected to grow by 20% in next 5 yearsLow interest ratesVery motivated vendors – therefore best pricesVery high rents
Put your money to work 1000 2000 3000 5000 6000 7000 4000 0Jan-10Aug-10Mar-11Oct-11May-12Dec-12 Jul-13Feb-14Sep-14Apr-15Nov-15Jun-16Jan-17Aug-17Mar-18 Exchange time for moneyOct-18May-19Dec-19 Jul-20 Financial Freedom Income Expenses
I David Wilson Show Home - The Winstone, Wyndham Park, Yeovil Fully Furnished Show Home, 4 Bed with Parking Market Price £359,950 Midas Discounted Price £345,000 Rental Guaranteed at £2512 per month for 3 Years Mortgage Payments only £873 pm, Yearly Profit = £19,668