How to achieve true financial freedom. You might be making a mistake!

Financial freedom means having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and your family. It’s about growing your wealth to a point where you’re no longer dependent on a paycheck to maintain your standard of living.

If you desire financial stability and you are saving your money in the bank, you are getting it all wrong. Saving money in the bank does not give you a substantial return on your money, if there is any interest on it after years of saving, it will not be a valuable increase as opposed to investment. The gain on real estate investment outweighs saving money in the bank. Here are some reasons investing in real estate guarantees financial freedom:

1.) Appreciation: Real estate values tend to increase over time. Your property becomes more valuable with time, building your wealth without having to lift a finger. Here is a brief example. If you bought a 3 bedroom flat in Alexandra Courts Coastal City Estate, in february at the rate of 46 million naira, you have made a 9 million naira return on your investment in 3 months. That same property is worth 55 million naira today and it will continue to appreciate over time.

2.) Leverage: Real estate allows you to use other people’s money to invest. Here’s how it works: When you buy a property, you don’t have to pay the full price upfront. Instead, you can take out a mortgage, which means borrowing money from a bank or another lender. This is what we call ‘leverage.’ It allows you to control a much more expensive asset with a relatively small amount of your own money. And because it is a property, you can rent it out and use the rent to offset your loan. Smart right?

3.) Hedge Against Inflation: When inflation occurs, the value of money decreases, meaning you need more money to buy the same goods and services. However, real estate values and rental income typically rise with inflation. This means that as the cost of living increases, the value of your property and the amount you can charge for rent also go up. Now, compare this to saving money in a bank. While your money sits in a savings account, it’s not growing at the same rate as inflation. Interest rates on savings accounts are often lower than the rate of inflation, meaning your money loses purchasing power over time. So, by investing in real estate, you’re not only safeguarding your wealth from the effects of inflation but also ensuring that your investment grows in value, unlike money saved in a bank which could diminish in real value due to inflation and currency devaluation.

So, if you’re aiming for financial freedom, consider real estate. It’s not just an investment; it’s a smart financial strategy but remember that real estate investing requires research, planning, and potentially professional guidance. Real estate provides a stable and appreciating asset, generating passive income and offering significant advantages.

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