Increasing Your Wealth with Smarter Finance
Wealth = What you own –What you Owe.
In a lending sense, any ideas we can implement that reduce the amount of your money being used to pay interest on your home or investment loans increases your wealth. This can take two forms;
- You retain more money in your bank account which increases your wealth by increasing assets.
- You accelerate debt repayment which increases your wealth by reducing debt.
Either way your wealth increases.
How?
Owner Occupiers
- Household Cashflow Management to reduce interest costs by optimizing cash flow.
- Use of Offset/Redraw to reduce interest costs.
- Accumulation of Buffer funds whilst simultaneously reducing interest costs.
- Split loans to focus repayment intensity.
- Refinancing loans to reduce costs.
Debt Consolidation
- Restructure debts into a home loan to reduce interest costs.
- Increase rate of debt repayment.
- Increase net wealth by reducing debts quicker.
- Free up cashflow to invest.
Debt Elimination
- Household Cashflow Management to reduce interest costs.
- Pay out debts sooner.
- Free up cashflow to invest/save.
Investment property
- Correct loan structures.
- Focus payments on owner occupier debts not investment debts.
- Helps take advantage of increasing property values.
- Renovate to increase value and cashflow.
Divorce/Property settlement
- Getting life back on track and slowly improving financial position.
- Household budgeting to focus cashflow to debt reduction.
- Cashflow management.
Business Loans
- Refinance to residential loans and reduce interest and costs.
- Less ongoing compliance costs with lender.
How can you benefit from one or more of the above opportunities?
The temptation is to do nothing. It often appears that your loan balances decrease slowly. That it’s a waste of time and effort to change this pattern. Nothing can be further from the truth. Take charge of your debts and improve your life.
Contact us now for a free assessment to see how we can Increase Your Wealth With Smarter Finance.
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