Know Your Purpose In Investing
Since there is no One answer that fits everyone, A few questions you may ask yourself to determineare:
Think about life after Retirement – Will you still need an income to fulfill daily needs and leisure that you dream of upon retirement. Without having invested in the right manner, these will be difficult to achieve and will even lead to chaos. It’s important to think about investing at an early age so that as you approach retirement, you will have enough resources to live a better life.
Wealth Creation
Earning extra wealth is something everyone wishes for in today’s era. This can only happen through some investment strategy, Moreover, It’s a promise offering you extra financial security leading to a fabulous lifestyle.
Gaining Social Opportunities
While less tangible, networking, status and relationships frequently motivate investors too. Shared mindsets breed connections, potentially opening doors. But weigh how far prestige should shape decisions versus fundamental return metrics and personal preferences.
Property vs Super for Retirement
A personal choice between Property investment or Super can have different outcomes for the times to come at retirement. Unlike super, Investing into property can have different needs in terms of commitment, management & outcomes and that’s where one has to head into a particular direction. For example if you are self-employed and not willing to manage a self-funded super fund, Property could be another option where you could invest your money for long-term outcomes and get the benefit same like super at the time of retirement.
On the contrary, As a PAYG employed person, you would have less hassle towards super deductions, and management etc. but the outcomes may still depend on whether your super money is invested with the suitable super fund in a suitable investment strategy.
In Nutshell, Both options have their pros and cons and have outcomes based on how you manage them. This is where we at Investors mortgage can help you achieve your goals. Articulating your "why" provides crucial context informing suitable "hows." Let's have a constructive discussion aimed at enriching your life on every level.
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