Discover how to use your redundancy to make lasting profits!
Posted by: John Cooper / Category: UK Property MarketWith unemployment reaching 2.1 million people during December 2008 to February 2009, looking for other profitable avenues to support your income has never been more pivotal.
Luckily for those offered redundancy, surviving on the compensation offered by your former bosses could be easier than previously thought.
As of the 1st February 2009, firms now must pay a higher statutory limit of £350 a week – bringing maximum redundancy payments up from £9,900 to £10,500.
How can this money be used to benefit the unemployed?
In the current economic climate, nearly every job has got up to 15 applicants competing for it, meaning this £10,500 has to stretch a long, long way.
Yet it doesn’t have to be this way.
There are other profitable employment avenues that require no waiting around or competing for jobs: property investment.
Using this redundancy payment, you could take your first step to becoming a professional landlord and experience the satisfaction of earning £500+ monthly returns from multiple property sources.
As we are writing this, average UK rental properties are producing a positive cash flow of
£7,098 a year… each. Add to the equation multiple properties, and the possibilities you could acquire from these properties is endless.
Secure yourself positive cash flow!
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Tags: positive cash flow, property investment, redundancy, uk rental, unemployment
