Finance Monthly - November 2023

Look Into Real Estate There are different ways real estate can help you build your retirement fund. For instance, if you acquire a property to rent out, you can allocate as much of the monthly cash flow as you can to your long-term investments. You might also look into short-term vacation rentals as a way to make money. You could either own a home to rent out to travellers or, if you’re on the road quite a bit for work, look into renting out your own home. Granted, it can take some time to save money to purchase a property, but if you’re able to afford it, it can be a potentially lucrative investment. Your Future Self Will Thank You Of course, everyone wants to have enough money to live comfortably after retirement. If you start now, you’ll be that much more financially prepared for this time of life. Start by finding a bank to assist you with your goals and then consider adding to your 401(k), investing in stocks, crypto, and/or real estate — or a combination of all of these. No matter what you choose, your future self will thank you for the financial planning you start today. “While crypto has a well-deserved reputation for its volatility, there are several ways to make money with it.” Finance Monthly. Investment 55

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