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

---

Saving Money - Are You Doing Enough?

It is estimated that we, as consumers, waste an average... Read More

Simple Ways to Save Money

Things are so expensive these days. We seem to be... Read More

Vesting and Your 401(k)

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

Bankruptcy Laws Get Tougher - More Expensive

If you've been thinking about filing for bankruptcy, your best... Read More

Stretching Your Grocery Dollars

Shopping for groceries is an inevitable fact of our ever... Read More

5 Ways to Absolutely Destroy Your Finances!

Ben Stein has a book called How to Ruin Your... Read More

Expenses A ? What Are They And What Can We Do About Them

It is crucial as an individual who is striving for... Read More

Are You Ready To Be Fired?

Your boss has just informed you that your department is... Read More

How Check 21 Affects You

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

Save Your Money, Dont Give to Charity Scammers

**If it's Spam, it's a Scam!- If it sounds too... Read More

Top 10+ Ways to Jumpstart your New Year?s Finances!

Of course, these don't have to be done in any... Read More

Honor Those Who Serve with Checking Account Supplies

Our global society has had a wake up call in... Read More

A Quck Lesson in Saving Money

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

Debt Management ? Watch Out for Bank Fees!

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

Do You Know What Tomorrow Will Bring?

I've been sharing the following idea with people for a... Read More

How To Free-Up 10% to 15% of Your Income

Would you be interested in freeing up 10% to 15%... Read More

Ways to Save Energy and Slash Electricity Bills

1. Lighting & Light Bulbs Install low energy light... Read More

Financing Collectibles for Fun and Profit

With the advent of the internet and especially auction services... Read More

One Income Source Is Not Enough!

My personal opinion is that in today's new economy, it... Read More

UK Parents Inactivity Harming Their Children?s Future University and Mortgage Savings

The British government at the beginning of this year officially... Read More

Financial Fitness - Are You Exercising the Right Muscles to become Financially Fit?

Are your financial muscles well toned and healthy or flabby... 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

University: A Course in Personal Finance

Recent findings from the Educational Policy Institute indicated that the... Read More

Why We Are Never Satisfied with What We Have

I have to admit, I do it too. I complain.... Read More

Vacations Made Easy: Buying a Florida Investment Property

Vacations Made Easy: Buying a Florida Investment PropertyA relaxing beach... Read More

Know Thy Finances

The first step to financial success lies in knowing your... Read More

Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud

ID theft is a major consumer concern, though there is... Read More

10 Steps To Improve Your Financial Situation

Here are ten steps you can follow to help improve... Read More

Government Grants - Beware of Scams

As the saying goes: "Buyer Beware". If you see ads... Read More

7 Simple Ways To Save Money

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

Save Money on Gas

Gas prices have soared to unimaginable heights of late. Since... Read More

Saving Money On Gasoline For Your Automobile

The gas that we fill our tanks with every week... Read More

Budgeting Made Easy

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