Lately I’ve noticed several new construction projects that have turned out to be self-storage facilities where I live. Why so many? Out of curiosity, I looked up some statistics on self-storage facilities and was surprised by what I found. Self-storage facilities began growing in popularity in Texas during the 1960s and have become so popular, that today storage facilities are considered a viable form of real estate investment. As in – real estate investors see this kind of property as profitable, and can expect 2.9% in annual growth. In fact, revenue from this industry, which consists of nearly 53,000 facilities in the US alone, is expected to exceed $37 billion in 2018.
paying off debt
Last August, my husband and I set a goal to pay off all our consumer debt in a year. We looked through every area of our budget and trimmed as much fat as possible. We cooked our meals at home, packed our lunches, sold our second vehicle and a few other things we didn’t need. We started riding our bikes, avoided buying new clothes and found creative/free things to do on weekends.