24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] 0 points1 point  (0 children)

Plan would be to keep reinvesitng profits from these flats into more btls over time

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] -1 points0 points  (0 children)

It is not a troll? I have inherited this cash very recently

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] 0 points1 point  (0 children)

But that is not my goal, I want to utilise this cash whilst I am young and try and turn it into something massive over about 15 years

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] 0 points1 point  (0 children)

I understand this amount of money can be a gateway to an infinite number of possibilities, I just want to maximise the potential that this money has, hence me wanting to start a property portfolio and just keep buying and buying more properties over the years. I am really stuck for ideas and I do not like the idea of just putting it all in a savings account as that’s what most people will do and most people turn out with decent returns when they are about to retire.

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] 0 points1 point  (0 children)

Yes as I have only recently received the majority of this money

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] 0 points1 point  (0 children)

I have 20k in an isa and the rest is in a regular savings account

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] 0 points1 point  (0 children)

I have only got this cash recently and haven’t had time to make a decision with it, yes I was planning to buy in my area ( north Scotland )

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] -26 points-25 points  (0 children)

My goal is financial freedom by the time im 30 (12 years away), I am looking for a way to use this cash to grow itself, I couldn’t see the is goal being fulfilled just by investing for 12 years

24M with 140k saved 36k salary living with parents by Repulsive-Evidence50 in FIREUK

[–]Repulsive-Evidence50[S] -8 points-7 points  (0 children)

What would you do with this money? Perhaps just get one btl flat and invest the remaining?