I've been saving a bit and I want to get more out of my money so I am looking for investment
opportunities.
I don't have a large bankroll but it's slowly adding up.
Properties in Canada seem cheap in my home town. I can get quite a large home for about 80 thousand pounds. I am tempted to buy to let. Being international is difficult but I have family over there who could assist on the administration side. Rent it out more than $1000 a month coming in pay for it self.
On the other hand seems most likely to be purchasing a place in Italy from another family member. This is cheap as chips.
I need some sort of extra scheme to make some extra monies. But I have no idea what I am doing so this stuff unsettles me.
any other ways to make the most of relatively small savings? PM me your sort codes.
Are you using your and your wife's full ISA allowance?
That has to be your first step.
Could you really buy for 80k and then rent at 1k per month?
80k sterling. 1000 CAD dollars coming in. rental market seems strong.
Put it all on the roulette table
You would be better off investing in wine and rare vinyl.
That way you would still be cool at dinner parties. Canadian Property Investment would barely see you past the canapes.
I need to look into this. I am a bit stupid when it comes to money. It only took me 33 years
to work out not to piss it away on rubbish*
*less rubbish.
We tend to sit the wine bores and vinyl bores together too
I like the house idea really. It's like ***FREE HOUSE***
Which if I sold would be ***FREE MONEY***
It's just that simple.
Apart from all the life ruining risks of course.
Like 200 quid garish tshirts? That was you wasnt' it fash?
I think it finally clicked when I compare what something costs
to meat and cheese which I have mentioned on here a few times.
I try to think before spending money what I would get for the same amount in trivial items. I don't even buy takeaways anymore using this method.
I try not to use credit cards either anymore, Anything new is budgeted. My TV for example is on the blink but still works. In the past I'd have ordered one immediately if I had the money or not.
ISAs aren't exciting, but they ARE the most tax-efficient way to save.
I know, it's dull, dull, dull. But efficient.
You can each invest 15k a year.
I remember those. They would make a decent birthday present for one of my youngsters.
Do you remember who made them?
Do you remember who made them, P?
Affliction, that's the ones
It seems they even do leathers! Very good.
Pension is the best... but really comes into itw own in the final couple of working yrs
when you can pay all your salary in and take 25% out without paying any tax
FREE MONEY imo0
Neither of you are really making a compelling case.
It is difficult to make saving sound cool.
Sadly one can die before that time comes.
One of the reasons why my life is simply a non-stop circus of champagne, cocaine and hookers.