People are living longer healthier lives so there are longer retirement years. Also people want to be able to travel, possibly have a second home, and generally have money in order to enjoy their retirement years. There are many ways of saving money and planning for the future. A great solution is land investment.
Shortly after we were married we bought a small home in the country. There was Some acreage next to the home that we purchased as a land investment. We soon out grew the home and decided to sell it, however we kept the land investment thinking that one day we may build on the property. The taxes were minimal so we kept the land for several years. After several years the owners of our former home contacted us about buying the additional acreage. We had decided that we would not build there in the future so we had the land appraised to sell it. Our land investment had increased substantially from our original cost so we made a nice profit. We placed part of the money in an IRA and used the rest to purchase hunting land. The hunting area was located close to a growing community. Shortly after making this second land investment we were approached by a developer that wanted to purchase this land from us to create a housing development. My husband had found a different parcel of hunting land to purchase with his brothers, so we sold the second land investment, again for a substantial profit.
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