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Anonymous

26 May 2020

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General Investing

I am a self-employed Real Estate Agent. Although it is possible for me to make a 5-6 figure income a month. My sales can still be 0. How much savings should I be setting aside before investing?

Are there any other strategies to make your money work harder for you other than putting it aside in the bank for rainy seasons?

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Nathaniel

17 Jul 2021

Invest your income into a portfolio of securities. Depending on factors like how old you are and how aggressive you want to be, this could be a portfolio of 100% equities. If you're older and need a balance of growth and cash income, it could be 60% equities, 40% bonds.

As a real estate agent, don't forget that you can be held liable for negligence or mistakes in the professional advice that you give to clients. Make sure you get Professional Indemnity Insurance for yourself - this will cover you from lawsuits related to your work. It pays for lawyer's fees and the cost of damages, which could easily be $100,000 to $500,000 (or more) for serious legal cases.

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Jason Sing

30 Nov 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

You should be setting aside 6 months of emergency funds. You may also want to consider investing in ETFs and REITS.

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N

25 Sep 2018

Think about the worst case scenario, why is it like? E.g. 12 mths without closing sales? Then save e...

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