The month of August holds a special place in every Indian’s heart. On August 15th, 1947, India became free breaking the shackles of colonization. Starting as an under-developed nation ravaged by the colonists, India stands as the 5th largest economy today. Our nation is marching towards a bright future at a fast pace.
While we are celebrating India’s freedom and progress, let us ask ourselves a question. Where do we stand in terms of our own financial freedom? While each of us is a citizen of a free nation enjoying the rights the Constitution gives us, are we in a position to live life on our own terms without worrying about our debts and bills? Are all of us financially free? Perhaps not.
What is financial freedom?
Financial freedom is being able to live life without any worries about money. It means that you have enough wealth and resources to cover all your expenses without depending on your monthly pay check. It also means that you are able to exercise the option of pursuing your dreams, taking risks as you wish to. For a few it might mean being able to start their own endeavour, for some it might mean travelling the world and exploring its wonders, while someone may indulge in pursuing a fulfilling hobby. While the definition of financial freedom may vary from one person to another, the basic requirement is the same. You need to amass enough wealth and resources through careful planning and smart investment to achieve this freedom.
Real Estate & Financial Freedom
If you aspire to be financially free, real estate can be your key in unlocking the doors of financial growth. From ancient civilizations to the present day, real estate has been a marker of wealth. Historical empires were built on the basis of how much land they encompassed. Most of the billionaires in the world have built their fortunes through real estate.
Considered as one of the safest investment tools ever, real estate continues to be the best option to make your wealth grow. It gives you tangible assets that appreciate in value with time. It can also bring passive income for you. In short, it offers multiple benefits. As an investor, you can earn rental income, you can sell your property for a profit once its value goes up or even leverage equity for other investments. Unlike stocks and other investment options that are guided by market volatility, real estate is a stable option of investment that works excellently for long-term wealth creation.
Real estate investment can be done in different ways. While the most common option is to invest in residential properties, one can also go for commercial spaces or industrial spaces for investment. One can also think of going through Real Estate Investment Trusts (REITs). It is an excellent option for investing in large-scale, income-producing real estate without actually having to go out and buy it.
And always remember that time plays a big role here. Ray Brown, a famous real estate expert, once said, ““The best time to buy a house is always five years ago”. What he meant to say is that the price you pay for not taking a decision on time is heavy in case of real estate investment. If you are dreaming of achieving financial freedom, it is high time that you start exploring the options. Start your journey now so that you can achieve your financial freedom and enjoy a Real Rich life.
