I posted recently about helping my parents to move into the IP market.
My mother is keen and my Dad is warming up (I keep reciting "Not all debt is bad debt" to him. I think he's getting sick of me).
Anyway I think the best approach is to develop a strategy (with contingencies). My Dad would like to at least semi-reitre within the next few years and we need a plan to help him do so.
I'm not knowledgeable enough yet to come up with a good strategy and I was wondering if any of you wise forumites would be willing to help? I have Dad reading Jan's book/s and will give him more after that. I have been highlighting posts for him but I think he will be keener once he can see the figures start to come together (his degree is in economy, he likes the numbers).
What we need is help to put this together, review, spot errors and provide things to think about etc. Obviously we need to do as much as we can ourselves but any assistance would be very gratefully received.
I'm happy to PM anyone some details as I'm not sure my parents would be happy with me providing their financial details to the world.
Thanks
Shaggygirl
My mother is keen and my Dad is warming up (I keep reciting "Not all debt is bad debt" to him. I think he's getting sick of me).
Anyway I think the best approach is to develop a strategy (with contingencies). My Dad would like to at least semi-reitre within the next few years and we need a plan to help him do so.
I'm not knowledgeable enough yet to come up with a good strategy and I was wondering if any of you wise forumites would be willing to help? I have Dad reading Jan's book/s and will give him more after that. I have been highlighting posts for him but I think he will be keener once he can see the figures start to come together (his degree is in economy, he likes the numbers).
What we need is help to put this together, review, spot errors and provide things to think about etc. Obviously we need to do as much as we can ourselves but any assistance would be very gratefully received.
I'm happy to PM anyone some details as I'm not sure my parents would be happy with me providing their financial details to the world.
Thanks
Shaggygirl