We often have new clients approach us with the intention of building an either comfortable, or substantial retirement pot for either themselves or for their children, or both. They have worked hard for 40+ years and want to be able to sit back and relax, whilst also knowing they have the finances behind them to do so.
With the cost of living increasing and everyone being taxed so highly, particularly those people who are close to retirement and realizing how much of the retirement pot they have built up over the past 40 or so years is to be taxed, it make sense that people want the additional funds and security that those funds bring.
So, how do you build that pot that will bring you the passive cash flow each month and appreciate over time so your children will benefit? You start by getting in contact with ourselves so we can start building a 5-10 year plan with yourselves. The idea of the plan is to work backwards, and for us to guide you accordingly, so that by the end of the 5 years you will have built a good sized portfolio that will start bringing in a sizeable income.
The idea is to, dependent of your individual circumstances, build a portfolio of at least 7 properties within 5 years as the cash flow alone from the 7 properties, so long as you have invested wisely, will equal to the same income of the average UK person, and it will almost entirely be passive. Then on top of that you will have those properties appreciate over time so that should you wish to pass their ownership onto your children or your children’s children, they will become the owners of properties that will have a significant amount of equity to which then can utilise when they wise.
Remember, properties typically double in value every 10 years, and this is the true power of property investing and why it is and always will be a long term investment.