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Real Estate Investments Unlock Financial Freedom

Wealth Migrate

2022-05-23

financial freedom, how to invest in real estate, invest in real estate, Real Estate Investments, Unlock Financial Freedom

South Africans are struggling to achieve financial freedom with 34% not having enough savings to last more than a month if they lost their income/jobsi. However, this freedom can be within reach through investing in quality assets such as real estate to build up a passive income.  

“Financial freedom means having sufficient savings, investments, and cash on hand to afford the lifestyle you want,” says Scott Picken, Founder and CEO of Wealth Migrate, a leading fintech real estate investment platform. “Simply put, it’s the freedom to choose, and a steppingstone towards this is to build a passive income which is derived from investing your money in a product that generates profits, creates stability, security, and ultimately, freedom in your financial life.” 

When it comes to ways that people have been supplementing their income, Picken explains that investing in cryptocurrency such as Bitcoin has been rising over the past couple of years. “It is important to note that although you can secure a triple return on investment, the only way to get your money out is to sell.”  

He points out that real estate is one of the tried and tested investment vehicles through which people can earn a passive income. “In fact, 49% of the world’s wealth is held in property where people not only create their wealth but protect it too. However, only 12% of the global population has access to residential real estate and less than 1% has access to commercial property, which is where the real wealth is.” 

“It is for this reason that Wealth Migrate has reduced its minimum investment fee from $100 (approximately R1,570) to $10 (approximately R157) to give more South Africans greater access to the global real estate market,” says Picken.  

To assist new investors to get their foot in the door and work towards financial freedom, he shares six steps to real estate investing:  

  1. Belief: Henry Ford has been quoted as saying ‘whether you think you can, or you think you can’t – you’re right’. And the same applies to the belief that investing will help you find financial freedom. 
  1. Knowledge: The next step requires the investor to do research and to learn about the properties in which they would like to invest.  
  1. Accessibility: This refers to the action of investing – you can have all the knowledge about your desired investment, but unless you actually do something with it, it’s useless. 
  1. A system: Next, your system is what helps you manage your portfolios. 
  1. Accountability: As with anything new or difficult, the chances of doing it on your own are very small, but an accountability partner can help. 
  1. Results: This is the profits from your investment. If you want to get wealthy, you