Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Succession Planning > NetSparsh - Viral Content you Love & Share

Succession Planning

Have you ever thought about what you are going to leave your children when you pass from this earth? Wouldn't it be a great feeling to be able to give them a really good head start in life ? without actually spoiling them?

It really doesn't matter how old you are, it's something that you need to be thinking about and planning for now. In the process of planning your inheritance and blessing your children, you are really making YOUR life better and more financially secure because you'll enjoy these benefits before you pass them on. You could really enjoy your retirement instead of having to scrimp and save every dollar.

This planning is even more important if you happen to be a farming family ? especially if you have sons or daughters that want to take over the farm when you retire. What are you going to do for income when you hand over all the assets and farm to your children? You'd be in a unique position if you had enough money in the bank to take out enough to live comfortably for the rest of your life.

Another consideration is how are you going to make it fair for your other children if 1 gets the farm and all the assets etc? One possible solution is to make the farming child pay out the other children so all amounts are equal. This, however, could result in undue financial pressure on the farmer. So what is another possible solution?

I strongly believe that a great solution to creating financial security in both retirement, with the added bonus of providing a fantastic inheritance for your children, is to invest in positive cash flow real estate.

Some of the main benefits include:

1. Purchasing real estate with a positive cash flow, resulting in more income to live off NOW

2. There is an excellent prospect of capital growth in real estate (so your assets increase in value, approximately double every 7-10 years)

3. Your repayments to the financial institution will stay the same, but your income goes up with the CPI or whatever rate you decide in the lease. Hence, your income will increase over time without you doing anything, as well as having someone else paying off your loan!

4. If you use a systematic formula to create your wealth, resulting in passive income, then you'll have a comfortable amount to retire on (assuming you continue to invest and reinvest)

5. If you use a systematic formula, you could end up with multiple properties, all returning a positive cash flow. These can be used to fund your retirement as well as give you something of REAL VALUE to pass on to your children.

It really is a win / win situation.

Many people are sceptical about investing in real estate because they have heard so many failure stories. It's not that hard to get it right. You just need to be shown HOW to find those cash flow positive properties and have the courage and determination to go for it! After all, you could be creating a better lifestyle for yourself now as well as for your children. What a great gift to give them ? a second stream of income, that they don't have to work for.

They'll certainly remember you fondly!

In conclusion, I hope I have been able to plant the seed of enquiry so that you at least go and learn more about investing in real estate. It might be the most profitable homework you've ever done.

A final comment: many think that investing in real estate is for the rich, well that is NOT the case. Anyone can invest in property, high and low income earners. Do yourself a favour and check it out today.

Mandy Nield is a recognised authority on the subject of investing. Whether you are a fully experienced master craftsman or a raw apprentice, you will learn exciting and achievable ways to improve your saving and invest profitably in real estate, to secure a financial future.

http://www.anyonecaninvest.com

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

NBCNews.com

5 personal finance tips you should implement by age 25
NBCNews.com
Still, it's important to start laying the groundwork now to achieve financial security for the many decades to come. That's why I recently spoke to Libby Leffler, vice president of membership at SoFi, a personal finance company. Here are the five ...


Lexington Herald Leader

Personal finance site lists Martin County as top place in Kentucky to buy a home. Wait, what?
Lexington Herald Leader
The personal-finance website's top pick for the best place to own a home in Kentucky was Martin County, a county plagued with clean-water woes and recently deemed by U.S. News & World Report as the worst-performing white-majority county in the nation ...


Waterloo Cedar Falls Courier

CEO tells analysts to kill themselves on call
Waterloo Cedar Falls Courier
Dashboard · Logout. My Account; Dashboard; Profile; Saved items · Logout · Subscribe · Local News · Progress Edition 2017 · World News · Technology · Speaking of Business · Submit a Speaking of Business · Smart Change: Personal Finance · Bookshelf.


Forbes

2 Impressive New Personal Finance Apps For People 50+ - Forbes
Forbes
What's new in personal finance apps and tech-based services for boomers and Gen Xers? Sadly, based on my day attending Finovate Fall 2018 (a New York ...

and more »

The Sentinel

CNN Business Now
The Sentinel
Zachary T. Lybrand · Driver charged with DUI after crash that killed 3, including Carlisle High School grad, toddler, Messiah College student · Mary Lou Bricker · Elliana M. Lybrand · Todd M. Knowlton. The Sentinel · Facebook · Twitter · YouTube ...


Daily Journal Online

China reports slowest growth since 2009
Daily Journal Online
The world's second biggest economy grew 6.5% in the third quarter of 2018. That's its weakest quarterly growth since the depths of the global financial crisis in early 2009 and below economists' expectations of 6.6%.


Financial Times

Weekend catchup — this week's personal finance headlines
Financial Times
Financial ructions, international tensions and an uncertain global economic outlook sent BlackRock's inflows to a fresh two-year low in the third quarter, after increasingly anxious investors yanked money out of the world's biggest asset manager, write ...


Spooky Spending This Halloween (Infographic)
Helena Independent Record
How will you be celebrating Halloween this year? Will you be one of the 31.3 million Americans dressing up their pets? Check out our infographic above to see how Americans are spending $9 billion on this haunted holiday, including candy, decorations ...

and more »

Daily Journal Online

What kills a bull market?
Daily Journal Online
The current bull market is the longest in history, but bull markets don't die of old age. So what could end this record run? Christine Romans breaks down the possible culprits. Tags. Wire · Cnn. As featured on. Perspectives: We're just 2 years away ...
What kills a bull market? | Smart Change: Personal Finance ...Helena Independent Record

all 21 news articles »

Yahoo Finance

Democrats and Republicans agree on personal finance
Yahoo Finance
Democrats and Republicans don't agree on much when it comes to the economy, except in a couple of areas: personal finance and automation.
Democrats and Republicans agree on 2 things about the economy: SurveyYahoo Sports

all 2 news articles »
Google News

The Changing Shape of Family Finances

Super-mumsIt seems that the proof of maternal efforts is no... Read More

Bankruptcy Chapters Explained

Chapter 7The potential chapter 7 debtor should understand that a... Read More

Adverse Debt Levels Blight UK Consumers Personal Finances

Debt levels are at an all time high in the... Read More

Budgeting Your Way to Financial Freedom

Financial freedom cannot be achieved without budgeting. Budgeting involves tracking... Read More

5 Steps to Healthy Spending Habits

Next to our physical health most of us are primarily... Read More

Save Money on your Clothing Budget. Tame the Closet Monster!

Reducing the clothing budget was a serious challenge for me.... Read More

Avoiding A Nightmare On Renovation Street

You've decided you want a bigger, better and more desirable... Read More

Budgeting: A Tough Love Way to Handle Your Household Budget

Developing and living by a household budget is by far... Read More

Save On Food - Ten Tips

To save on food, be an opportunist. Buy what you... Read More

7 Simple Ways To Save Money

Each of us knows how to spend money, but do... Read More

Debt Management ? Watch Out for Bank Fees!

During the last twenty years, banks have offered a number... Read More

Safely Save for Your Childs University Studies Using An Education IRA!

This investment retirement account (IRA) is useful to you as... Read More

A Quck Lesson in Saving Money

Did you have a piggy bank when you were a... Read More

Single Mother and Learning how to Save

Saving may seem easier if you were saving for a... Read More

Vesting and Your 401(k)

Do you have a 401(k) retirement account? Are you vested... Read More

How to Choose the Right Bank for Your Online Business

You should thoroughly consider your business needs when selecting a... Read More

How To Survive The Grocery Shopping Blues

If you are the normal consumer, then you've probably experienced... Read More

If All Things Are Possible, Why Cant I Balance My Checkbook?

For me, the most terrible time of each month is... Read More

Planning Ahead with Your Finances

If you, like most people, have not seriously considered what... Read More

Are You Sick of the Financial Insecurity of Fluctuating Seasons and Income?

Finding a stable and secure income that will come year... Read More

Roth IRA Contributions - IRS Rules

Confused about whether you can contribute to a Roth IRA?... Read More

How Check 21 Affects You

The Check 21 Law is the new federal law for... Read More

Budgeting Made Easy

Well, dang! From what I've heard and read, it looks... Read More

Photo Checks ? A Great Alternative in Checking

It's the little things in life that make it interesting.... Read More

The Good and the Bad of Money Management

Good money management needn't be difficult. In fact, there a... Read More