First of all, put your savings on a savings account with interest (I know several, pm me if interested, happy to share with you the ones I have, I don't get any commission, I promise ).
Where in Spain do you live? With that rent you pay I assume in a smaller city, right? I would not discard the idea of an investment property with a mortgage (now that interest rates are super low you can get amazing conditions at a fixed rate), and with a tenant pay the mortgage and even make a profit, then, worst case scenario you own a home and will have a roof over your head.
Depending where in Spain you buy them you wouldn't need to use all your savings.
Maybe a good option would be buying a small investment property (and potential home if things go south) with half of your savings, then leave a small amount in savings account for emergencies and invest the rest in scaling your business.
Considering your age, that you value security and that you don't own a house, getting one sounds like a good idea, even if you use it as a home, as in Spain, (with very few exceptions) is way cheaper buying with mortgage than renting.
Just some thoughts, hope you find them useful
Where in Spain do you live? With that rent you pay I assume in a smaller city, right? I would not discard the idea of an investment property with a mortgage (now that interest rates are super low you can get amazing conditions at a fixed rate), and with a tenant pay the mortgage and even make a profit, then, worst case scenario you own a home and will have a roof over your head.
Depending where in Spain you buy them you wouldn't need to use all your savings.
Maybe a good option would be buying a small investment property (and potential home if things go south) with half of your savings, then leave a small amount in savings account for emergencies and invest the rest in scaling your business.
Considering your age, that you value security and that you don't own a house, getting one sounds like a good idea, even if you use it as a home, as in Spain, (with very few exceptions) is way cheaper buying with mortgage than renting.
Just some thoughts, hope you find them useful
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today