Month: March 2022

The rental market is booming at the moment, especially with digital nomads tracking across the world to live in an exciting new city. 2022 can, and should, be the best year for landlords yet! By making a few changes to your rental properties and agreements you can significantly increase your rental turnover this year. Some of these changes require an initial investment, but you will see great returns within a few short years. Below are five ways to impressively increase your rental turnover: 1. Laundry Offering laundry in your building is a major selling point. It offers fantastic flexibility because you can lease or buy the machines, and you can choose to use the coin-operated kind. By offering a laundry … Read more

Considering joining up your finances with a partner? This could be a great idea that makes day-to-day life easier and more easily manageable. At the same time, joint finances could prove to be a poor idea, drawing down your credit score and resulting in all sorts of disagreements. Only you can know what the most sensible decision is when it comes to this subject because it’s so dependent on individual and personal factors. Here are some areas to consider before diving into the deep end and signing up to any joint accounts. Should You Consider Joint Finances? Joint finances can prove extremely beneficial to those who are in a serious relationship and living together. By opening a joint bank account, … Read more

When buying your first home, there is a lot to know and consider. This ultimate guide will talk you through each step and help you prepare your finances, save for your deposit, apply for a mortgage to get the keys.  Get Your Finances in Check The majority of people will need a mortgage to go ahead and buy their first property. To get a mortgage, you need to demonstrate that the mortgage will be affordable and that you are capable of meeting the monthly payments.  These criteria are mainly assessed on your credit score, your debt to income, and an affordability model the bank uses.  Importance of a Good Credit Score A mortgage tends to be one of the most … Read more

Becoming an entrepreneur is a nerve-wracking experience. You don’t want to go into it knowing your odds of success. Only 25 percent of companies make it to the 15-year mark. Everyone else shuts down and gets wiped out.  These headline statistics, though, hide a deeper issue. It’s not just the case that the company fails. It’s also that the entrepreneur themselves gets wiped out financially. Even after ten years of hard work, many don’t have a penny to their name.  In this post, we take a look at how you can avoid getting wiped out and live the life of a business leader without running the risk of financial disaster.  Pay Yourself An Official Salary Don’t go into entrepreneurship like … Read more

Many people live in a scarcity mindset, believing that they will never have the money to do the things that they want to do in life. They think that winning big in a financial sense is something that’s way outside of their capability.  But all of this is psychological. It doesn’t actually reflect reality. Most people get rich slowly. But, you need money wins. In fact, they don’t always realize it’s happening. One day, they wake up with a million dollars in their portfolio and suddenly it dawns on them that they really do have some wealth behind them.  Big money things are, ironically, the little things that you do. It’s all about your attitude and your ability to execute. … Read more