Growing your wealth if you dont have a house

[JudithHarper0840]

If you are paying rent and cant afford to buy house other than saving or pension how do you grow your wealth in the long term ?

I'm not sure tbh, but I was wondering if you could afford to buy in a cheaper area with a BTL mortgage and rent that out?

No idea whether it's feasible and the yield etc, just sprung to my mind really.

Premium bonds? Stock market? Can't think of anything else other than an investment broker may be able to help

Keep 3-6 months of expenses in a high interest easy access account or premium bonds. Invest the rest in shares (invest through a platform like Fidelity Funds Network or Hargreaves Lansdowne in low cost index funds) and don’t look very often. Prices will go up and down, but over the longer term they should go up.

The benefit of investing in a house is that you pay a 10% deposit but earn the capital growth on 100% of the house price. This is hard to replicate outside the housing market.