Crypto vs Bricks & Mortar: Can You Afford To Gamble With Your Future?
Investing in property can seem pretty boring when you compare it to the fast paced world of cryptocurrency. Who wants to yawn their way through comparing mortgage interest rates when you could be following the rollercoaster of Bitcoin values and making thousands of percent returns on your investment? Besides, buying a house is something that can wait for ages, right? You could totally be doing a Winklevoss twins instead and becoming the next Bitcoin billionaire right now!
Well, in theory that’s true. With cryptocurrency values fluctuating so wildly in recent times there’s definitely the opportunity to make a lot of money in a short space of time. This high risk, high reward environment also means that you’re equally likely to lose all of your cash in a very short time frame. Riding the highs and lows of the crypto market might make for an interesting, exhilarating and potentially very lucrative ride, but ultimately it’s not sustainable if you’re looking for longer term security.
That’s not to say you shouldn’t dabble in crypto at all. With the potential for such huge gains for minimal investment, it’s definitely worth investing a small amount of money that you’re prepared to lose (should the worst happen) and seeing what pans out. What we’re saying is that you don’t want to put all of your eggs in this shaky, unpredictable basket. To do so would be like building a financial house of cards - you might be able to stack them up really high really fast, but one small knock and it could all come tumbling down and leave you with nothing.
Investing in the bricks-and-mortar reality of a home, on the other hand, represents a great way of ensuring sustainable financial security in the long term. Shelter is a basic human need after all, so home ownership is a low risk investment that’ll ensure both your physical and financial wellbeing well into the future. Sure it’s not as sexy and dangerous and cool as the high flying world of cryptocurrency, but then again, neither is living with your parents when you’re 40, so it’s definitely something that’s worth considering before it's too late and you’re stuck in that less than desirable living arrangement.
“But I can’t afford to buy a house right now!”, we hear you scream. Well, we’re here to tell you that it’s actually a lot more affordable than you might think. Thanks to our in house team of home finance ninjas - Fuse Finance - we can hook you up with a No Deposit or Low Deposit home loan that could have you into your own home before you know it!
This means that if you do end up killing it on the crypto markets and making a fortune you can trade up to that mansion in Malibu and live the rockstar lifestyle of your dreams. However, if you don’t end up making millions you’ll still own your own great home and won’t be stuck with your parents cramping your style well into middle age.
Don’t want to wait anymore and are thinking of investing in your first home? Get in touch with us today to find out more about how we can help make it happen!
Posted by First Home Buyers Direct on 05 March 2018 | 0 comments
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