Originally Posted by
justin44
This is where I start look a bit stupid, we didn’t plan for either we just had the money sitting in the bank earning nothing so bought a flat, we did have a plan that it would earn more than in the bank for now then when my son leaves home he could either rent it cheap or we could sell it to give him a deposit.
If you asked me today I’d say, the monthly income is going into a saving account which we will use to buy another flat, and when we plan to retire 25-28 years away, we will sell and cash in.
My wife and I are both pretty happy go lucky people, we have this flat and a small 3 bed that we live in, our monthly out goings are minimal so we live pretty cheaply. I was lucky to have a few jobs that by my needs paid very well so we saved quickly.