Before delving into investing in real estate, there is one practical reason why investing at a young age is an integral part of securing the bright future of one’s retirement age. Skip the part when health might no longer be at its best with the ever-changing economy that challenges someone’s growth.
Throughout one’s lifetime, investing and saving will come into mind. The question will all boil down to which investments will be on the list, and what sacrifices one is willing to take to build the target amount of wealth that matches the choice of lifestyle. Everyone should keep in mind that the more money is accumulated, the better the options and choices are.
Youth gives the illusion of having so much time. It is in one’s power to choose things to spend time on. Oftentimes it is either on things that help improve life in general or habits that might bring about self-inflicted challenges. Travels? Night outs? A couple of drinks on a Saturday night is fine, but having it as one of the vices? Looks like it’s a perfect recipe for staying broke.
Imagine having been working for 30 years in one company and the only stream of income known is employment. Not a strand of thinking beyond an 8-hour job happened with little or no effort in improving financial intelligence. Mistakes will still happen. The less likely trivial errors would happen when learning started earlier.
Sure, there will be a lot of investment gurus willing to help in exchange for money to mentor a person, but keep in mind that the energy left for a person to spend on learning something new is depleting at that time. Other responsibilities would have had come up to take up time that’s supposed to be for learning the complex investment strategies and ventures.
3 Reasons Real Estate Investing Must be Done at a Young Age
Investing is a whole new level of understanding how businesses ideally work, it trains the mind to spot loopholes in top executive decisions made by various companies one is eyeing. When one recognizes possible economic downturn or market trends, it would be even more intuitive for someone to ace diversifying portfolio. Luckily, choosing a real estate property is easier because one can already foresee future cash flow just by merely looking at location and choosing a great developer just like Vista Residences Inc. If cash payment is not yet possible in purchasing a ready for occupancy condo, looking for a pre-selling condominium is the affordable choice. Here are the whys of choosing real estate.
Time is in your favor.
The earliest one enters the workforce is also the period to experience and figure out if the ideals and goals one has in mind can be realized. This is when plans are created and executed. Whether or not it worked, the answer will be at your doorstep.
Besides trial and error, health is also at its peak. Younger people have more energy to create multiple income-generating ventures. When one invests during the 20s and loses money from making mistakes, there is a lot of time and energy for recovery. Imagine making serious money mistakes during the 50s, it is still possible to get up fast with the gift of old money or investment genius, or million-peso lottery win.
Youth mental acuity fuels the grit for learning to wisely invest.
Less likelihood of borrowing money.
This benefit of investing early allows a person to keep friends. It is not new to the world that friendships end when debts are not repaid. Earlier knowledge in investing, let alone choosing a huge one like real estate secures one’s financial future. It doesn’t matter if land or any property sits untouched for a long time.
A real estate property is a tangible investment that has huge earning potential especially when chosen wisely. Just in the case of choosing between farmland where you need all the work of looking for farmers or a condo in Manila. Sky Arts by Vista Residences is a preselling property that allows someone the opportunity to purchase a condo at a more affordable price with all the top-tier amenities and access to basic goods, Top-ranking schools, and business hubs. Farmlands are also great properties, but condominiums give someone the leverage of partne ring with one of the best developers and property management teams.
The younger years is the time that only the electricity bills, internet or even rent are paid. No children to take care of and to spend money on. This is to solidify knowledge in a certain area, to crystallize certain skills, and to make the future more manageable. Also, the focus needs to be about meeting new people, building networks, and increasing net worth.
These only mean that hard-earned financial resources need to be allocated wisely. The morning coffee at a favorite café would instead be brewed at home at breakfast. The unspent money from the cup of coffee can be saved. Don’t get this all into a different direction because there is nothing about affording things that one wants—in fact, it’s the goal. Only there are changing fortunes of time and the things that people can control are their behavior towards money. And this is one strong argument that a big purchase like real estate keeps someone on track. One would learn discipline in money management when a real estate property is on the line.
Introducing real estate to one’s portfolio will always be a win. At first, it will be a matter of commitment and proper channeling of financial resources at the time of signing into an agreement of closing of a sale. It will, for some time, feel like money just flows out of the pocket, but reaping its benefits satisfies one with all the years of waiting. Take this from the perspective of someone who has no inheritance and just pure hard work, skill, and grit for learning ways to grow money. It’s all about trusting the process and appreciating growth.
If you are thinking of moving in to a new condominium, check out Vista Residences!
Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit oriented locations and developed business districts.
At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors.
Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property.
In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.