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Retirement Planning With Property
Retirement planning with property is easy to do if done right.
Let me ask you…Have you ever been on vacation and noticed that there are basically two types of vacationers?
The first type is similar to what I was years ago:
The person who watches where the money is spent and counts down the holidays from day one before going back to work.
Do you do that too?
I did and it used to drive me crazy, just when I was starting to enjoy my vacation it was time to go back to work.
Now the other type of person is the one who goes on vacation without keeping track of what he spends or how long the vacation will last, with the flexibility to change
plans on a whim (for example, decide to go to another holiday resort at the moment).
Why can’t we all be like that?
Wouldn’t you agree that if we worked our whole lives, we deserve to live that lifestyle? We deserve to enjoy our golden years by doing the things we want to do and be financially secure enough to live life to the fullest.
We can, but you have to set it up.
Please also think
Property investment is NOT a get rich scheme
Which means you have to start setting it all up now and not tomorrow, as we all know we put things off and knowing after a year or 2, we kick ourselves for not taking the step when we thought about it.
I remember early 80’s when I started as an apprentice motor mechanic, there were some older guys who were retiring and everyone was saying how lucky they were to retire.
Do you remember the big thing in the early years,
everyone used to get “The Gold Watch”
But you know what? No one even thought about what actually happens to these retired workers, where the cash flow would decrease when they retire.
Most people work their whole lives, sometimes starting as early as 15 years old and working until the age of 65 (a working life of 50 years).
Generally, when people reach retirement age, the house is paid for, they have raised and educated the children and have done everything in their power to provide for the family.
But strangely enough, after all that, if we look at the figures from the Australian Bureau of Statistics:
86.6% of Australians who retire at the age of 65 will live alone on an income stream of less than $16,000 per year!
That’s only $320 a week to run the household, pay all the bills, buy presents for the grandkids, buy clothes, etc. I know it’s nowhere near enough to live a decent lifestyle – my mother (72 years old) experiences it every day.
So how do we work our whole lives and still end up with such a small amount of money?
Easy because we are only taught how to get a job, pay our taxes, buy a house, raise a family and that’s it.
No one ever said – “Stop it, you better start working hard and do some retirement planning and start leveraging yourself for the future!”
So how do we change all that?
How do we start working smart so that we can retire financially secure and free with a continuous income or alternatively, become financially independent at a young age?
What I am going to show you has been used for many years by the wealthy and other people in the property field. It’s really nothing new
Did you know that investors use their investment properties to pay for their children’s school education using this method that I will share with you?
Just like my daughter Gyorgem, I paid the investment properties for her private school.
First – I’ll tell you how it looks: if you have a home loan with a Line Of Credit (LOC), you can’t use the credit to pay for cars, vacations, etc. to buy directly from the LOC?
But, it’s YOUR house and you’d rather have it paid off as quickly as possible instead of increasing the loan, right?
Well, what if you had a property investment portfolio of around one million dollars? Let me tell you, in today’s values it is not difficult to do at all, one million dollars in property investment is really not that much, once you have got into your first investment, the second one is not far away.
So if your portfolio hypothetically grows in growth at a rate of 7% per year, that means you have a stock increase of about $70,000 per year, right?
I will also tell you, as you are probably aware, property does not climb at a right angle, but if we look at it over years, on average it is a capital growth.
Why can’t we borrow that from the bank and use it for our lifestyle? And if we borrow from the bank, it is not income, so do we pay tax on it?
No! Because it is tax free! It’s a loan, not income!
Now we start working smarter and not harder?
This is in theory because we all know that property does not go up
7% every year. It can go up by 15% one year and the next couple
years it can be flat, but on average, if we look at the long term, property has proven itself over and over again.
Just remember, with this method it also depends on how much you owe the bank (rental return plus expenses). But if you hold property for the long term, this is very possible and easy to achieve.
In my personal appointments, I go over this and show you how it is all possible, even for someone with a small income, but remember that you have to use equity. If you don’t own a home, you can use someone else’s home for a few years until the equity investment has grown and then you can release the security property.
My oldest client was 64 years old and self-employed when he bought his first investment property, so never say you’re too old or too late.
As I said before, we can never replace time.
So many people just waste time finding excuses to push their financial wealth aside or leave it for another day that unfortunately never comes.
Did you know that we spend more time writing a shopping
list or planning a two week holiday than we do for our whole future?
Isn’t this a shame?
Think about it and make a decision to start working on your future right away, right now. Work out what you want and need, so by the time you retire, you’ll have something to tide you over, because property retirement planning will help you get there if you do it right.
Sign up and get your FREE 20 page report and weekly property tips.
I wish you every success,
Dino F. Livanidis,
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