Step 1: Why buy now?
Where Will You Be in 5 Years Time?
Nobody got this question right in 2015: Where will you be in five years?
I remember sitting with a business coach 5 years ago and discussing my 5 year goals and game plan. Let’ s face it, there’ s not one person on the planet today that sat down in 2015 and got anywhere close to predicting what their life would look like in 2020. No one in their wildest dreams could have predicted how upside down our world would be and how much“ bleep” would have hit the fan in just 7 months.
Let’ s be frank though, fortunes aren’ t really made in times of prosperity and economic growth. Real wealth is made during a recession, or even a depression, which is a potential scenario for our beloved South Africa these days. 2025 is 4 years and 4 months away and some investors would have made a fortune and be smiling, while other’ s will be reminiscing about the good old days before Covid and the crisis of 2020 and wishing what they should’ ve, could’ ve or would’ ve done … but didn’ t.
So, let’ s pretend it’ s August 2025. Spring is about to arrive and you are“ today” + 5 years older. Your young 13-year-old in 2020 is 18 now and getting ready for University, and perhaps you would like to be able to offer them an overseas education.
Or if you have toddlers, your spouse just handed you the fee schedule for Grade 1 in private school and if you are like me, you’ re thinking:“ is that figure per month or per quarter?” My entire high school career didn’ t cost what one of my kids’ annual private school fees cost.
Now here’ s the thing: some people will be generating residual income from investments they made in real estate during the train wreck that was 2020. The capital growth and rental income that has inevitably, and predictably, increased over the past 5 years will allow them to refinance some of their properties, tax free, and pay upfront for their
8 FIRST-TIME INVESTOR