You'll Never Get a Pension So Learn How to Make 900,000GBP in Property

The old age pension is 100 today, but if you are in the same age group as me (25 to 35) then the chances of you ever claiming one is slim to none.

Back in 1908 when the first state pensions were paid the world was a very different place, especially statistically. To qualify for a pension you would have had to be 70 years old and your claim would have been means tested, with the final decision on whether you received a pension being decided by a panel of nine that had to include at least two women.

When pensions were first doled out, there were ten workers for every one person on a pension. By 2050 there will only be two workers for every pensioner. It is easy to see that any National Government will no longer be able to maintain the system - it's just not economic. So how do you plan to pay for yourself in your old age?

It may be the case that you have a works pensions, and if that is true then I would urge you to stick with it. However, the vast majority of us have no provision.

If you are the same as me then you need to urgently read "Mortgages, Money and Magic" in order to learn a simple way to buy a property without a deposit and then go on to very quickly build up equity in that property.

Let's look at a potential plan and imagine you are starting at age 35, purchasing a property worth 125,000:

1. Buy a property ASAP.
2. Build up equity using the plan shown in "Mortgages, Money and Magic".
3. Have mortgage paid off by age 45.
4. Release enough money to buy 3 x Buy to Lets.
5. Pay down new mortgage on residential property.
6. Sell the 3 BTL's at age 55.
7. Downsize.

Ok, let's quantify the figures above. The residential property should have doubled twice within the 20 years so we can estimate that it'll be worth 400,000 to 500,000 in 20 years. The BTL's should be worth 200,000 to 250,000 each but will each have a mortgage of 100,000 outstanding. Selling off all these properties should therefore realize 700,000 to 950,000. By then downsizing to a property/ luxury caravan at say 250,000 this will leave 450,000 to 700,000 in the bank, and therefore an income of 2300 to 3500 per month. What pension can compare with this?

The current market conditions make this plan even more achievable than usual. The first rule of business is Buy Low/ Sell High - so buy when the sale is on!

"Mortgages, Money and Magic" is an 88-page plan detailing how to achieve Financial Freedom through Property ownership. Visit http://www.uncommonadvice.co.uk to learn more.

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