Saturday 11 November 2017

Money from rent

I own some ancestral property in my home town in which I had built two houses. I have discussed with mother and have taken 5000 from the rents, hoping to take at least 5000 every month. Invested the amount in Franklin India Ultra Short Bond Fund Super Institutional Plan - Direct - Growth (return is 8.7%) just to make sure that in case of any emergency I do not dip in to long term fund. My emergency fund now stands at 225,999.52.

12/11/2017 My mother has changed her mind and has taken the debit card from me and said she would give 5k cash every month. This comes as a reminder that I should not take it for granted and should plan my retirement with out property yield into consideration.

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