Regardless of any of the differences between all our day to day lives, we are all united by the pursuit of one thing: money. We make the effort to go to work, often for in excess of eight hours a day, in order to obtain the financial security which is a staple requirement of any modern society; we allocate our wealth for shelter, food, luxuries and for those situations you could never predict would arise. No matter your profession or salary, we all wish for that extra financial boost which would alleviate the stress of everyday life and the commitments we are bound to by the necessity of responsibility. For millions of people, however, a second job is just not feasible (whether because of the demand of the first job, their family or even their health).

There are options to make some money aside from your job, namely selling off any unwanted possessions, for instance, but these are rarely sustainable. Betting can appear to be a solution — but is also a potentially dangerous platform wherein the problems it creates outweigh the solutions it seemingly offers; it is unreliable and inherently a risk, and thus not a surefire return on your investment. When setting out in a new financial venture, it is important to seek the right guidance from a financial expert, such as Nathaniel Glas. If you are in a position of having excess capital ready to invest, there are two complementary options for you: real estate and trading.

When considering the best investment you can make with your hard-earned money, people will often suggest real estate. There is a good reason for this widespread belief that real estate is the most prosperous investment. Housing markets across the world are constantly brimming with hopeful buyers and willing sellers and/or landlords. Property is a viable investment because it appeals to a cross sector of people in society. For instance properties are not just for residential use, as the business sector is always in need of space (offices, workshops, meeting rooms, etc.). A great benefit of real estate investment compared to other opportunities is that, in most instances, you are able to make the investment without the entire amount of money; usually you will be entitled to use leverage, which acts as an assurance of your ability to pay, as a guarantee of your eventual payment, despite not paying the whole amount at the beginning of the transaction process.

There are several key ways in which a newcomer to real estate can begin to make a return on their investment: becoming a landlord, real estate trading or real estate investment groups. Becoming a landlord is the obvious use of a new property — but requires the willingness to manage tenants. Focused primarily in the residential sector, a new landlord is responsible for the upkeep of the property in return for monthly rent. Perhaps the main benefit is that the new landlord can adjust the rate at which they charge the tenant depending on myriad factors: such as location, the price point of the local area and the requirements of the tenant. Student housing fills all these categories with the prospect of an annually changing set of tenants. Real estate trading refers to the buying and selling of properties in order to turn a profit; this approach required upfront capital and an element of risk, but can prove effective in popular areas to live. As for real estate investment groups, this involves a group of people combining their capital in order to purchase real estate. Obviously it is essential the group have a common vision and objective for the investment.

Trading in tandem with real estate investment can prove extremely effective — particularly if you have knowledge of how to do so effectively, as this can be the source of the upfront finances required for real estate. When considering trading there are countless platforms to choose. Nowadays the exclusivity of trading is gone, as anyone can partake online from their own home. Trading should not be approached lightly, however. In order to maximise your profits, and more importantly minimise your losses, it should be respected; it is not merely a hobby, it must be approached more seriously. It is essential to detach emotional investment and approach it purely as a financial matter. Have a clear plan, and do your research. Trading and real estate complement the other so well because they both require savvy investment — and offer the chance to reap huge rewards if done right.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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