For example, if you’re an apprentice earning
first-year wages, you might not qualify for a loan – but you can start putting
aside $50 a week for a deposit.
Assuming a four-year apprenticeship, you’ll have
$10,400 saved by the time you’re entering the workforce as a qualified
employee.
I would also strongly advise that you maximise your
savings by keeping your money in an account with a high compound interest rate.
Saving – and paying a mortgage responsibly – takes
some sacrifice.
People don’t often like to hear the ‘s’ word, but
it goes hand in hand with moving forward towards security and independent
wealth.
Culling some of the major expenses, like dining
out, shopping sprees, holidays, and brand new or second family cars might be a
necessary step towards getting on top of your finances. You might even need to
make bigger sacrifices such as renting a cheaper place while you save.
RealRenta has all the tools that a property manager
has, but at over ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a
week to manage your rental property
RealRenta also has a free vision, so why not check it
out
Jason Gwerder
Friday, 17 September 2021
