Either earn more or have a savings plan
Around 7 years ago I was in a conversation with a colleague around what income you would need to be in a position where you cannot help but save money. That is, not being able to spend it all....Read More
Have your ‘savings’ account within your home loan
If you have a mortgage and have a separate bank savings account you are doing the equivalent of driving a car on flat tyres. It works but not very well.
There are 2 main reasons for this, taxation...Read More
Avoiding the 30 year mortgage term
- 16th of September 2016
Is all the time and effort you put into your job only going to lead to a bigger house and nicer car yet keep you stuck with having a mortgage until you are retired?
It is an easy trap to fall...Read More
5 Mortgage mistakes to avoid
- 3rd of August 2016
- Fixing your entire mortgage. While there are some very tempting fixed rates at the moment, if you choose to fix your entire loan you are also locking in how fast (or slow in most cases) you can...
End of Mortgage in Sight?
A conversation I’ll sometimes have with people with the end of their mortgage in sight is “once the mortgage is paid off we want to get an investment property”. I often question the need to wait...Read More
Control - The Example
Most people when they take a mortgage, give up control. This somewhat makes sense, you are borrowing a large amount of money from a bank or lending institution and do have to follow their rules,...Read More