It’s been a happy start to the
new year for Australians. Our economy
is growing strongly, shares and super
funds are recovering, exports are flowing,
unemployment is falling fast, property
is booming, and business and consumer
confidence is sky high. We are blessed
to live in The Lucky Country.
With such a great platform to start from,
we must be the envy of the world. So how
will you turn good fortune into real prosperity?
It’s a great time to plan for the
decade ahead, and then make the first
moves to put the plan in play.
With so much being written about the
need to develop a strategy to fund your
retirement, here’s the outline of
a 10-year plan that would do just that,
using investment property as the means
to achieving it.
Goal: Lay the foundation for
financial independence by 2010
How: Build a portfolio of at least 4
investment properties
Year 1 – 2010 – Buy investment
property no. 1
• Using equity in the family home
as a deposit
• Using rental income and tax
concessions to pay the mortgage and
other costs
Year 4 – 2013 – Buy investment
property no. 2
• Using growth in equity in the
family home and investment property
number 1 as a deposit
• Using rental income and tax
concessions to pay the mortgage and
other costs
Year 7 – 2016 ––
Buy investment property no. 3
• Using growth in equity in the
family home and investment properties
numbers 1 and 2 as a deposit
• Using rental income and tax
concessions to pay the mortgage and
other costs
- Year 10 – 2019 – Buy investment
property no. 4
• Using growth in equity in the
family home and investment properties
numbers 1, 2 and 3 as a deposit
• Using rental income and tax
concessions to pay the mortgage and
other costs
If you own your home, and have some equity
in it, you could achieve this result by
2020. And in terms of funding it, virtually
everything comes from:
- The compounding growth of property
over time
- Rent from tenants
- Tax concessions from the government
Many investors will achieve this goal,
and more. What about you? Are you up for
a decade of wealth creation that will
set you up for life?
If you would like to learn more about
your decade of wealth creation and discuss
how McCarthy Group can assist you in achieving
it, click
here. |
