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The Art Of Money Management – 3 Tips To Better Money Management | Blog 2021

Should you buy that purse? You just need to have that extra double cheeseburger for lunch today! Do your badminton rackets need an upgrade? Didn’t you buy the current ones last week? Next thing you know, you’re waiting for the next payday to make ends meet… Sounds familiar? We’ve all been there. But we all know that it is a frustrating position to be in for anyone. To address this issue, we’ve collected 3 interesting money saving strategies that we can use to save more money and maximize our wealth!

1. Create and Stick to a Budget
This is the simplest form of managing money you could use. Setting a budget could be as simple as logging your monthly income down and then budgeting it’s expenditures based on your needs and wants as per your living style. It’s always best to save 25 – 30 % of your income to investing in something such as real estate. You can find real estate options tailored to your investment objectives here.

2. Kakaiebo Technique
Originated from Japanese culture that dates backs during the time when Japan was an agricultural economy, the Kakaeibo technique is an effective way to plan your monthly income and log your expenses, while projecting your savings to increase your wealth!
This method consists of using two notebooks, a larger notebook where you write down your monthly income and your savings plan. The second, smaller notebook is the notebook where you log all of your expenses, the moment you make a purchase or spend your money.
Through this method, you can gain a mindful insight into your expenses and savings and it helps us understand where the money could be utilized better.

3. 50/30/20 Rule
This rule is an easy way to allocate your money before spending it on unnecessary things. The 50/30/20 things allocate your income like this:

50% – Needs
30% – Wants
20% – Saving/Paying off debt

This allocation allows you to make a better purchasing decision and enable you to save your money!

Managing money could be an intimidating proces but like everything, it’s very much possible. Using the above 3 methods, you can spend more wisely and increase your wealth through smart saving!

Categoriestips & tricks Uncategorized

3 Real Estate Investment Strategies That Help You Skyrocket Your Returns | Blog 2021

We’ve heard it all too much that investing your money is the smartest thing you can do with your money. But let’s dive into this topic deeper. What’s the ideal investment objective? To place your money somewhere it can start generating income for you, while at the same time, increase in value so that you have great returns when you exit the investment. Amongst the various investment opportunities present for us, real-estate investment ticks all the boxes to be an ideal investment opportunity! But what does it take for you to be able to effectively invest in real estate? Conceptually, it’s all a matter of understanding the fundamentals of investing, risk and economics which is pretty much everything that you learn when you’re playing Monopoly. So it could be fairly simple to invest in real estate! For the sake of making an informed decision, we have listed a few tips for you that could help your real estate investment skyrocket your returns!

 

  • Learn the Ins-and-outs of the real estate market

Pakistan has a very diverse real estate market where you can find multiple types of investment opportunities within the realm of real estate. Although this could open more opportunities to make a more aware decision in investing, more options could lead to a decision going wrong as well! Let’s look at some of the more major types of real estate investment available in Pakistan:

  • Purchasing files to upcoming projects
  • Purchasing plots for resale
  • Purchasing a property to rent out
  • Purchasing open land in anticipation of development

Each of these investment types has varying forms of returns and risks involved in them. It really depends on your investment objective that will help you gauge which investment type to go for. It’s always good to understand what type of investment you’re looking for before investing.

 

  • Scope the Real Estate environment

With every investment, proper research is always key to ensure that you earn great returns. We recommend doing holistic research of the real estate environment not just so you can make an informed decision, but it also helps you avoid any untrustworthy sources and scams which are all too common in the local real estate market. We recommend you visit our catalogue of projects that we’ve invested in at LaneTwelve Properties because we only recommend the projects we’d invest in ourselves.

Proper research in the real estate market can also help you understand what type of investment you’re looking for. Are you looking for more long-term investment? Are you looking to buy a property to sell it at a higher rate? Or are you just looking to rent out a property for some stable income? It really depends on your investment objectives and you can design your investment objective only through understanding what the market has to offer.

 

  • Stay sharp, be physical!

With Real estate, it’s always best to work closely with your agent and be more active in your dealings. Visit the site physically, personally negotiate with sellers, and be more vocal in your investment preferences. At LaneTwelve properties, we encourage all our clients to voice their investment needs fully so that we can give them the best possible investment opportunity for them.

Investing in real estate could be daunting at first, but fundamentally it can be a very rewarding option if all goes well and there are a lot of things you can do to make an informed decision. If you’re willing to invest in real estate, consider our catalog of projects here.

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