|
|
| *Home>>>Long Term Investment |
Whats the simplest and shortest legal way to get out of debt? |
Started working last year december earning a net basic income of R10400, for investment purposes I bought a newly developed upmarket apartment and ended paying morgage of R4300pm(I stay in it) and then after that I bought my first car and I am paying R3500pm and since I work 2km away from work, the little that I had left was is enough for fuel and other necessary expenses. I then took up a loan of R42000 (which I pay R940pm for 7yrs) and I bought a R43000 central city apartment with it and used up the R12500 overdraft facility to renovate the flat which now brings me an extra net income of R3000 per month additional to my salary. My salary has since gone up so my net is now R13000. well, the flat that I bought was a bank repo...so it was quite a bargain (has 4 bedrooms, a bathroom, kischen and 2 reception areas) and after just six months I can sell it for at least R120k which will be more than enough for me to get initial invetsment and profit...but I don't think its wise to sell at least now. bankruptcy. Chapter 7 or 13 Bankruptcy hello, sorry to hear about this, hopefully one day you'll look back at this from a better position, things always go up and down. I would avoid bankrupcy at all costs. |
| Tags |
| Money Investment Managed Fund Make Money Low Risk Investment Long Term Investment Investor Investment Fund Investment Trading |
| Related information |
Sorry but you cannot deduct the loss on the sale of a personal residence, regardless of the amount. ...I've always thought exxon stock is a good stock to have because you know they will never go out of business. they may get bought out, but they will never go out of business. I don't have ... With the strength of the US dollar, today, that's not such a bad idea! (sorry gvh & lil-winker) However, I don't know if the Dinar would be a good currency to invest in, long *OR* s... Invest in quality stocks for long-term and don鈥檛 depend on stock trading too much. Holding quality stock is like owning an excellent company; with hardworking employees struggle to generate inc... I am familiar with Genting and you need to consider the following: 1) Management and Succession planning 2) Risks associated with them entering into new projects that is outr of the scope of th... Scary... ...Best options for tax deferral are your company 401k or an IRA. There are many many investment options if you are interested in an IRA - both through mutual fund companies and by investing directly... In the long run, stocks in general will almost always do better than mere money in the bank gathering interest. In the long run, dividends are a significant and direct payment of company profits t... |
Categories--Copyright/IP Policy--Contact Webmaster |