May 18, 2023
Episode 64: When is the Right Time to Invest?
“Should I be investing now or should I wait till next year?” Uncertain if you’re ready to take the next step on your property journey? Last week, we established that now is always the right time to invest, because housing prices will always rise.
This week is all about a deep dive into understanding cash flow. I’ll define ROI, or return on investment. I’ll explain how property is a long term investment technique that relies on cash flow over capital gain. I’ll show you how to calculate whether a particular opportunity is a good use of your money and provide examples comparing different investment options. I’ll use the Crossrail project in London to illustrate the enduring importance of factoring in location when determining whether to invest–tying together the balance between time and place. Finally, I’ll leave you with this food for thought: now is the best time to buy and the only better time to have bought would have been last year.
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Links & Resources:
Highlights from this episode:
[00:01:45] – Cash flow over capital gain
[00:03:52] – ROI
[00:11:00] – Using ROI to compare investment options
[00:14:12] – Location
[00:22:45] – Why there will always be a need for private landlords
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Connect with Vicki:
Visit my website to learn more
Booking calendar - https://calendly.com/vickiwusche
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them