• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Personal Growth

Why Your 20’s Are The Best Time To Invest in Your Financial Future

For a lot of people, investing is one of the best ways to generate a consistent and attractive income, particularly if you have financial goals in mind that you hope to meet. When done properly, investing can help you achieve financial stability that lasts way into retirement, which is why it’s often best to start while you’re young. Find out why your twenties are a good time to invest, and the best way to do so.

So what type of ways could you start investing? One of the most popular investment types among young people is buy to let property investment. For a long time, the property market was dominated by an older demographic of around 40 to 49-year-olds, and while people of this age range still make up the largest share of buy to let mortgages, there’s been a shift in recent years. Since 2015, research shows a year-on-year rise in the amount of buy to let mortgage applications from those in the age range of 20 – 29 and 30 – 39.

Property investment might seem out of reach for a lot of twenty somethings, but the reality is that investing in property can be a lot less pricey than you’d think. Property companies like RW Invest offer the chance to invest in properties for less than £100,000, some of which can be as low as £55,000 – £59,000. Young people that are earning a high enough income to invest this kind of money will benefit from strong rental returns, especially in UK buy to let hotspots like Liverpool. Those in their twenties that don’t have the financial means to invest in property outright should look into a buy to let mortgage. This works in the same way as a regular mortgage, but there are some limitations on who can and who can’t qualify for one. You need to have a good credit record, earn £25,000 or more a year, and you need to own your own home alongside wanting to buy a rental property.

So what makes your twenties such a good time to consider property investment? For one thing, time is on your side the sooner you make the investment. If you invest in a property in your twenties, by the time you’re 60 the property could have increased in value massively, putting lots of potential money in your pocket. If you’re hoping to invest in property with lots of potential for capital appreciation behind it, look at investing in cities like Liverpool and Manchester, where economic growth and regeneration suggests strong capital growth is on the horizon. Another benefit of investing in property at this age is the fact that young people can afford to take more risks, with years of earning ahead of them and often fewer responsibilities to worry about.

Those who begin investing in buy to let property often find that they enjoy the process and the perks so much that they build a property portfolio and become a full-time landlord. Young people who don’t know which career path they want to take could benefit from the flexibility and financial gains that buy to let can provide, choosing this as their full-time career. All in all, twenty something’s that are thinking about boosting their income, saving for their future, and possibly finding a new career, should definitely consider property investment as a promising and fulfilling venture.

If you want to learn more about our blog, please click here.


« Should You Choose an Unsecured Business Loan or a Credit Card
4 Reasons to Build Your Start-Up in Puerto Rico »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

Mike McOwenFollow

Mike McOwen
PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

Reply on Twitter 946751505146707968Retweet on Twitter 946751505146707968Like on Twitter 9467515051467079681Twitter 946751505146707968
PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

Reply on Twitter 917521630162759681Retweet on Twitter 917521630162759681Like on Twitter 9175216301627596811Twitter 917521630162759681
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

Forbes@Forbes

Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

Reply on Twitter 912458136849698816Retweet on Twitter 912458136849698816Like on Twitter 9124581368496988162Twitter 912458136849698816
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

I LOVE Toronto! Miss that place

GO Transit@GOtransit

Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

Reply on Twitter 912458028355670017Retweet on Twitter 912458028355670017Like on Twitter 912458028355670017Twitter 912458028355670017
Retweet on TwitterMike McOwen Retweeted
BuffaloSabresBuffalo Sabres@BuffaloSabres·
25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

4
Reply on Twitter 912457252057034754Retweet on Twitter 91245725205703475454Like on Twitter 912457252057034754319Twitter 912457252057034754
Load More...

Blog Ideas That Make Money

Reduce the risk of car accidents and stay away from critical injuries

The Pros and Cons of Buying Bitcoins with Cash

Top 5 Celebrity Endorsements That Actually Worked

Search

Copyright © 2023 · The Phat Startup

Copyright © 2023 · Divine Theme on Genesis Framework · WordPress · Log in