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What’s the best way to save for a house?
Manage episode 452645026 series 3033097
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In this week's episode, we dive into the essentials of launching into the property market. Our host, Christina Markoski, alongside Positive Property Head Coach, Charmaine Adams, explores crucial strategies for funding your next investment.
Key Highlights:
- Understanding Property Investment Basics: To start investing, you need a steady income and a deposit. Discover how to leverage the bank's money cleverly and gather your deposit through seven practical methods.
- Smart Savings Tips: Save intelligently by putting aside 10-20% of your income into a high-interest account. Cultivate a habit of paying yourself first to gradually increase your savings.
- Budgeting and Expense Management: Get control of your finances by running a budget and identifying areas to cut back, like reducing costly habits. Small lifestyle changes can lead to significant savings.
- Creative Financial Approaches: Explore the idea of joint ventures (JV) - partner with someone to combine resources for property investments. This can be a perfect strategy for family members, letting you leverage each other's strengths.
Additional Resources: 📞 Interested in personalised property investment advice? Book a free wealth call with our team ▶️ https://george.property/WealthCall-O 📚 Grab a free copy of our bestselling book It’s the road map to successful investing in property, using low risk tried and tested methods ▶️ https://george.property/Mybook
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