Learn how to Create Wealth through investing in property
There is a difference between being rich and having wealth.
One of the common financial fallacies that keep ordinary salary-earning South Africans from building real wealth is that high returns can only be accessed through high risk investments and, conversely, low risk investments will yield only low returns.
Picture this: After weeks of hunting around for the perfect pair of boots, you finally find them. They’re beautiful, and just the right colour. The only problem is – they’re twice the price you had budgeted for. Do you (a) put them back and carry on searching for a more affordable pair or (b) do you pay for them with your credit card? Most will probably go with option B. And therein lies the problem.
In the South African property sector, there is a growing interest in buy-to-let property investment right now – and this, says Tony Clarke, Managing Director of the Rawson Property Group, makes good sense because the advantages of this type of investment far outweigh its disadvantages.