Technically, I can save around £2,000 per month from my base salary while living comfortably. However, I inherited good money following the death of a parent, such that saving this amount would add a small percentage to my savings. It makes me wonder if it’s even worth it at all. Is there a better use of my time?
I’m thinking of buying an apartment (so 2nd home) and to cover the mortgage with that £2,000 + rent received just to build a bit more wealth with a strong leverage. On one hand, real estate seems like a meh investment to me especially as a 2nd home; on the other hand, I would probably just spend that money if it weren’t for it. What do you think?
original posted by LePetitToast to r/personalfinance on Wed, 28 Feb 2024 11:40:39 GMT.