It must be a daunting prospect for a young person nowadays to start investing in property. Nevertheless, one should not limit yourself to alternative investments if you cannot immediately afford a deposit on a property, or if you do not qualify for a home loan. There are important “building blocks” to be followed in making this prospect achievable.
- Most importantly, you HAVE TO know how to “work” with money. No matter how few income streams you have or how little you earn, efficient budgeting is critical, targeted towards saving money each month – the more the better. You can only create investment options if you are successful in saving money.