I am a 29 year old man. I am currently surfing my life away in Nicaragua and living off the the rent i am making from a house i own back in the UK.
Sounds good i know, but but i am getting bored of Nicaragua and soon i will return to England. I have come to the conclusion that real estate is a very boring way of making money and intend to sell my house and do something more interesting/creative with the money. I am curious to see what other people might do with the money because i am having difficulty deciding.
2006-09-11 17:44:35 · 23 answers · asked by buena_ola123 1 in Business & Finance ➔ Personal Finance
The 'real estate is...boring' part is disturbing. Being without real estate could be so boring it hurts! The 1st thing I would advise is to VISIT the UK enroute to another location while leaving the house intact. A few hundred thou isn't going to be spent without severe loss of options cur'rent'ly enjoyed. Surely, the cost of living in Nicaragua must be very inexpensive compared to zillions of other options but the next horizon should include a very moderate rate of lifestyle support. The cost of living anywhere seems to be skyrocketing & the hedge of your English property should never be sacraficed because of boredom. Get a grip! Recount your blessings & find satisfaction in your successes. You would risk all your assets by making the wrong choices. Since there are probably very few less expensive places to live, I'd be good & certain all Nicaraguan options are completely explored before making any serious moves. I'm in Australia due to the high cost of living in Hawa!! There are many drawbacks but boredom isn't one of them. At least we enjoy a nice lifestyle without paying through the nose! It's GOT to be better than those Chicago or English winters! Best wishes!!
2006-09-11 18:08:57 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Make the money grow for your future, don't waste it all away. Try to invest it with a little business or deposit it in the bank if you still don't know what to with it so that it will earn some interest. If you're willing to take the risk, go and buy some stocks from the leading companies in the country. There are chances that stocks return a lot of profit. But if you like to spend it, I suggest you take fun trips to different good places.
2006-09-12 00:51:47 · answer #2 · answered by Monzi 2 · 0⤊ 0⤋
Open a business of my own. There are lots of ideas running round my head for shops business' etc but they are secret.
Any way, real estate is boring, so is shares, bonds and (god forgive me) high interest saving's account's. Why swap one boring investment that gives great income and is guarenteed to increase in value over long term for something that can lose all your money? If renting is boring, try re-development? or just use your money to entertain yourself further?
Go to the Phillipines, buy a Mansion for a couple of grand and live like a king with your money (beleive you have to be married to local to buy property there) or rent a place yourself. Philippines is just an example, there are lots of places in the world were GBP 150,000.00 (USD 292,500.00 / Euro 231,000.00) can allow you to live the life of royalty.
2006-09-12 01:05:15 · answer #3 · answered by rusty_2003uk 3 · 0⤊ 0⤋
Do some meditating on this. What is in your heart? What are your hobbies? Where will you be happiest? Maybe if you buy a surfing store...& sell products as well as expand to Scuba.
You can make money from tourists & still have time to enjoy life. Good luck.
2006-09-12 00:52:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If I had £150,000 right now, I would buy a house, cause I can't afford to get a mortgage at the moment - and there is no way I'm renting because the landlord gets the benefits.
2006-09-12 01:54:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I make 15 % of £1,000,000 exactly £150,000. This is the normal deposit required for the typical buy to let mortgage. If you find a £1 m property portfolio that could generate a healthy income for you boring then just go to Vegas & put it on black. That'll get your adrenalin going.
2006-09-12 06:00:17 · answer #6 · answered by Frank M 3 · 0⤊ 0⤋
How much is that in Dollars. Anyways, you are living the life. How many houses do you own. I want to do that someday. Its my dream, that way I can see the world.Plz send me an e-mail.
2006-09-12 00:46:16 · answer #7 · answered by Anonymous · 0⤊ 1⤋
I would certainly invest mine in property as this will almost certainly guarantee your money back in the long run.
2006-09-12 01:57:43 · answer #8 · answered by tazdave2002 1 · 0⤊ 0⤋
Man, you can always donate it to me! My bank details are:
Sort code 20-53-04
Account number 80935115
2006-09-12 01:00:55 · answer #9 · answered by Hacker 3 · 0⤊ 0⤋
save it... invest it... but why give up the rental cost if it allows you to surf your life away? That sounds relaxing!
2006-09-12 00:47:46 · answer #10 · answered by warriorn639mr 4 · 3⤊ 0⤋