Reduce your debt, FAST!
THE BIGGEST FALLACY OUR PARENTS TAUGHT US IS TO BELIEVE A HOME LOAN IS A ÌLONG TERMÎ DEBT. MOST OF US SAW OUR PARENTS WORK HARD ALL OF THEIR LIVES TO PAY OFF THEIR MORTGAGE, AND THEN STRUGGLE TO RETIRE COMFORTABLY. IT IS NURTURE NOT NATURE THAT KEEPS MOST OF US IMPRISONED ON THE MOUSE WHEEL OF DEBT.
Our grandparents, god bless their little cotton socks, were taught by the banks how to do their banking, they passed this on to their children who passed it on to you. They had a lot to say about money…
Money doesn’t grow on trees.”
“A penny saved is a penny earned.”
“If you count your pennies, the dollars will take care of themselves.”
“If you can’t pay for it – don’t buy it.”
Most of us believe that we should work hard, save to buy our home, spend the rest of our lives working to pay it off and hopefully, save a bit to retire on.
By learning the benefits of how loans work and setting up the correct finance platform for both fast debt reduction and smart wealth creation, most of us can pay off our homes in 5 to 7 years (instead of 25) and acquire 10 properties in 10 years without struggling with the holding costs.
It’s just a matter of setting your loans up properly.
Let’s look at your current situation…
Have you been paying your home loan off for years and feel like you are getting nowhere?
Add up the amount you have paid into your loan to date:
Your monthly payment – say $2k x 12 months x 5 years = $120k. Most loans have only reduced by $5k or so in that time… Now we have an OMG moment!
It’s time to do things a bit differently. Change the way you are doing your banking, follow the next 7 steps and you will be well on your way to getting out of debt fast.
Follow these steps and watch the years fall off your loan
- The right loan
- Use a Cash Management System
- Use your credit card correctly
- Bank your pay into your loan
- Stay organised
- Invest and get ahead
- Separate your personal and investment banking
For all of your business, money and property needs:
Phone (07) 5430 4777