alanwatts6253
New Contributor
- Joined
- Apr 12, 2018
- Messages
- 6
Rep Bank
$25
$25
User Power: 67%
Hey Guys,
I was wondering if you guys had any advice for a 28 year old.
Me and my girlfriend will soon be looking into buying our first property and luckily we will be able to buy it outright without any mortgages. That said, at the moment the property prices in my country have reached outrages levels which I don't believe is sustainable for long.
I feel that if we buy now when prices are at an all time high we would be doing ourselves a disservice as we could buy a better property if we wait for the prices to adjust(This could not happen but we are willing to take the risk).
Our country is part of the EU so we are weighing the option to emigrate to another country for a few years before coming back here to purchase property. Who knows, maybe we may even end up staying abroad.
The only problem is that I don't know what to do with the cash in the meantime, I don't want to just let it lose value in the bank, I would like to at least earn some interest on the money.
What do you guys think I should do with the cash, keeping in mind that I prefer safety over earning potential and also keeping in mind that the government only guarantees just a proportion of the amount in the case that the bank defaults?
I was wondering if you guys had any advice for a 28 year old.
Me and my girlfriend will soon be looking into buying our first property and luckily we will be able to buy it outright without any mortgages. That said, at the moment the property prices in my country have reached outrages levels which I don't believe is sustainable for long.
I feel that if we buy now when prices are at an all time high we would be doing ourselves a disservice as we could buy a better property if we wait for the prices to adjust(This could not happen but we are willing to take the risk).
Our country is part of the EU so we are weighing the option to emigrate to another country for a few years before coming back here to purchase property. Who knows, maybe we may even end up staying abroad.
The only problem is that I don't know what to do with the cash in the meantime, I don't want to just let it lose value in the bank, I would like to at least earn some interest on the money.
What do you guys think I should do with the cash, keeping in mind that I prefer safety over earning potential and also keeping in mind that the government only guarantees just a proportion of the amount in the case that the bank defaults?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today