Sunday, November 13, 2022

How Can You Save For A House Deposit Fast With Crypto Index Funds? | Ewpple

 

Ewpple | Income For Life

Ewpple - How Can You Save For A House Deposit Fast With Crypto Index Funds?

“I will forever believe that buying a home is a great investment.” – Oprah Winfrey

Directly from your paycheck
Before you spend, save up some of your income. This principle should guide your home deposit savings.

If you can, rent out a room
Why not rent out your spare room for some extra income? Rent will lower your contribution requirement.

Encourage your spouse to save
Include your spouse in the savings process. Keep track of their contributions and inform them.

Lower the entry point if possible
It is common for people to want the dream now rather than later. You can start in a cheaper suburb and work your way up.

You can invest with your family
You can share with a family member and only have to save half the deposit. Always have an exit strategy in place if you do this.

Increase the growth rate of housing deposits
Put your housing deposit into a long-term return index fund like the Ewpple DeFi Crypto Index Fund (EWD). Investing should be done using the Dollar-Cost Averaging strategy.

Ewpple DeFi Crypto Index Fund (EWD) lost -25%.
Benchmark index lost -37% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

You can build wealth with crypto index funds. Feel free to contact me for more information.

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