New World
the people's champ
I am currently based in the UK and have been working full-time for the past 8 years. Although I have saved most of my income during this period, I regret not investing in stocks and shares earlier in my career.
However, in 2019, I began investing in the stock market by opening a stock ISA with Vanguard. Additionally, I opened a pension pot with my employer and contributed 10% of my income, which my employer matched and goes straight into my pension fund.
Furthermore, I also opened a help-to-buy account, which is a scheme aimed at assisting first-time house buyers to save for a deposit. At present, I have saved enough money to make a deposit for a house. However, I don't have a partner or anyone to live with, and I am not keen on moving out of my family home.
Therefore, I am still contemplating whether buying a house is the right decision.
My family thinks I should purchase a house, but I am not entirely convinced yet. Instead, I am considering letting my help-to-buy account keep growing while I use my cash savings to invest in a franchise that could potentially yield profits.
Moreover, I am currently working on getting my driving licence since many of the franchises that I plan to explore require you to have a car.
Should I purchase a home or wait and invest in franchise ?
However, in 2019, I began investing in the stock market by opening a stock ISA with Vanguard. Additionally, I opened a pension pot with my employer and contributed 10% of my income, which my employer matched and goes straight into my pension fund.
Furthermore, I also opened a help-to-buy account, which is a scheme aimed at assisting first-time house buyers to save for a deposit. At present, I have saved enough money to make a deposit for a house. However, I don't have a partner or anyone to live with, and I am not keen on moving out of my family home.
Therefore, I am still contemplating whether buying a house is the right decision.
My family thinks I should purchase a house, but I am not entirely convinced yet. Instead, I am considering letting my help-to-buy account keep growing while I use my cash savings to invest in a franchise that could potentially yield profits.
Moreover, I am currently working on getting my driving licence since many of the franchises that I plan to explore require you to have a car.
Should I purchase a home or wait and invest in franchise ?