Hi..everyone..Im very interested in investing. At the moment Im still renting. Which way is the best way to start the investment, getting my own place first then start investing or still renting and doing investment?Looking forward to your reply and help. Thank you.
jae
Jae, I believe it depends on how much owning your own place would affect your cashflow. You could compare the week-by-week costs of owning your own home to the costs you have in renting currently. If you do choose to buy your own place first, I don’t think you should spend years paying it off at the fastest possible rate first and then start investing…I believe that would leave you worse off in the long run. Whichever way you go, try to keep your day-to-day costs as low as possible to keep as much spare cash as you can available for investing!
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