Don’t do what the majority do.

Home ownership has been said to be the great Australian dream and can lead to a better life and is an expression of success and security.

For most, when they settle on their property it’s a significant milestone and something to be very proud of. We couldn’t agree more.

The problem is most people work for the next 30 years to pay it off.

And if you are a health professional (as many of our clients are), this only means many more hours at work, rotating rosters and those dreaded night shifts.

Did you know that on a loan of $731,539 with the current interest rates you are looking at paying $683,812 in interest expenses to your lender? That’s almost the amount you borrowed!

Most people make minimum home loan repayments, upgrade their homes only to find themselves in more debt, and buy expensive cars on finance.

The problem with this is it results is many, many years of hard work- and a lot of your hard earned money isn’t going to you…its going to your lender.

Ever wish for the freedom to work less hours or take time out from work completely to pursue other passions and interests in life?

There must be a better way, right?

There is, but it’s not what the majority do.

It all starts with setting clearly articulated goals, for example, I want to eliminate my mortgage in 10 years’ time which will be on…

You’ll need a well thought out, proven strategy. There are many strategies out there but often it’s the simple strategies will find that have big results.

Next, take action. There is no point having the best plan in the world that sits in your cupboard collecting dust. Actions speak louder than words.

Finally, you need commitment. It can get hard at times, so regularly remind yourself your goals and why they are important to you.

Have a great week,

Mike Bell