Now that you’re married, it is time to consider savvy newlywed investing. You may have joint savings, but have you really taken time to make financial goals? If you have goals, have you mapped out steps to achieve them?
We all want to be financially secure, but how do we get there? Maybe you’re in debt from your wedding, or conversely you could be sitting on a nest egg of wedding gift cash. Regardless of your situation, planning and newlywed investing is the way to build a secure future.
Many couples opt to put their money in mutual funds, or have their wealth managed by a professional. These are excellent traditional options that will result in modest returns year over year. I would like to recommend a less traditional way to build wealth: short-term rental investing. This type of investing can yield rapid, high returns and give you a getaway place to enjoy together!
Are you unfamiliar, but excited about the idea of investing in a short-term rental? Consider hiring an Airbnb coach to guide you through the process of identifying a good market, setting your budget, finding the right property and then setting up processes and software to ensure maximum profits with minimal time investment. Savvy newlywed investing usually involves a coach of some sort. Coaches help you overcome any learning gaps and avoid making poor decisions that could lead to losing money.
How many times have you booked a vacation stay at an Airbnb? Did you ever consider that your stay is paying for that property’s mortgage as well as the property owner’s primary mortgage? If you are looking for a way to be a savvy newlywed investor, now is the time to consider alternative ways to build wealth together.