START A BUSINESS OR BUY A HOUSE? | Marvin Germo
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START A BUSINESS OR BUY A HOUSE?

By: Marvin Germo | March 3, 2020

What Should I Buy First?

Have you ever thought of buying the first property you can use as a residential place? Do you want to buy a house as your first investment? A lot of you may be considering this. It’s common to think of a property as your first investment, especially if you know you can afford to buy one right now. But you should ask yourself first if it’s the right place for your money. If you have been saving to buy a residential property, think again if that’s where you want to invest your money. In this blog, I am going to share with you why you should consider other alternatives than buying a house as your first investment.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020

Start a Business First

Why should you start a business first? First and foremost, you need a stable stream of income. You can’t buy a house without an income source, especially if you are planning to get it by installment. Some of the houses and properties being sold today can be bought even with just a downpayment. However, down payments can strain your pockets too. P100,000 – P500,000 is not a small budget. If you are buying a home on a budget, how could you save enough for your monthly amortization? This is the reason why you need a solid income stream first.

Invest Your Downpayment in a Stable Business

Small businesses become stable even after months of running it. If you are good with time and financial management and if you have experience in running a business, operating your own won’t be a problem. Instead of buying a residential property, you should invest your downpayment in a stable business first. Think of a type of business you want to start. It can be anything—food, clothing, accessories, cosmetics, shoes, etc.

Wait For Your Business To Profit

After starting your own business, when can you buy your residential property? Well, the answer is simple. You need to wait for your business to profit. You need to recover your capital first before you can finally buy your home. When your business is profiting, that’s the time you can rest assured that it is getting stable. Although there are instances that you have to wait for years before you can recover, it’s all going to be worth it at the end. You should trust the process.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders