Life Week #87 - A decision to be made

Mo money, mo problems

Some amount of cash and 4 options to choose from.

This is funny - mo money, mo problems, as the song goes. I am selling my old flat I rented for the last couple of years and for the last couple of weeks I've been thinking about what to do with the money that will be put on the table. There are several options here on the table and it makes things a bit more difficult.

The first thing I can do is simply pay off the mortgage on the flat I live in and invest the rest in the inflation-linked bonds.

The second thing I can do is invest all the money in the inflation-linked bonds up to the moment when they seem to be generating higher interest.

The thing thing is to use this moment and add all our savings to buy a small new flat to rent. Worth mentioning is the fact that it requires a full finish before renting it.

The fourth thing is to buy a pretty new, already finished flat ready to rent not only using all our savings but also taking a credit for ~30% of the price.

Each option has some pros and cons. The first one is simplifying our family finances but reducing our passive income. The second one will generate passive income - but after a couple of years - there is no gratification in the meantime. The third one - exposes us to the dynamic of real estate price changes but producing constant passive income. Still, requires lots of time to start with finishing the flat. The last one requires a credit to be paid off in place of time.

Honestly, I'm not sure what to choose. I'm mostly tempted by the first and the last options - producing constant gratification but also requiring us very limited amount of time. The major difference is that the first option is very secure, and the last is very risky.

Seriously, I'm gathering as much data as possible before I'll have to make my decision, but the time is ticking away and the last two weeks are left. Damn... 🤯

Summary

✅ Continued chess developments with daily training

✅ Continued focusing on business

✅ Continued progress in real estate topics

Plan for week #88

♟ Continue daily chess training

💪 Continue physical training focusing on core

🏠 Continue progress in real estate topics