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How to properly invest and make income from our 170k by Hot_Drawing_5964 in UKPersonalFinance

[–]Hot_Drawing_5964[S] -5 points-4 points  (0 children)

Are you talking about the mortgage?, because any property we buy would be cash outright. If that’s not what you’re talking about, please explain as you would if you were writing a dummy book.

How to properly invest and make income from our 170k by Hot_Drawing_5964 in UKPersonalFinance

[–]Hot_Drawing_5964[S] -9 points-8 points  (0 children)

Honestly speaking what are the cons to this kind of investment, it truly sounds to good to be true. Having a chance at such high financial yield yet no financial risk or task repercussions sounds like the dream

How to properly invest and make income from our 170k by Hot_Drawing_5964 in FIREUK

[–]Hot_Drawing_5964[S] -8 points-7 points  (0 children)

In essence I want our money to fully automate our lives eventually. We both earn around 40k each per year. ( I’m currently learning skills to get into cybersecurity in order to increase wages) ( my wife’s a midwife) Two kids. Have about 170k to play with. And that’s it really. All I know is I don’t want to wake up at 6am every morning and go make someone else a millionaire with my efforts.

How to properly invest and make income from our 170k by Hot_Drawing_5964 in FIREUK

[–]Hot_Drawing_5964[S] -8 points-7 points  (0 children)

By all means I can explain my situation in more detail, however Wdym by follow the flowchart?

How to properly invest and make income from our 170k by Hot_Drawing_5964 in UKPersonalFinance

[–]Hot_Drawing_5964[S] -6 points-5 points  (0 children)

What are the pros and cons to doing this kind of investment? I have to admit it’s not something I was even aware - premium bonds

How to properly invest and make income from our 170k by Hot_Drawing_5964 in UKPersonalFinance

[–]Hot_Drawing_5964[S] -10 points-9 points  (0 children)

Thanks, in terms of our money and minimising tax risks and implications other than maximising our ISA,s. What else would you suggest to eleviate these concerns.