Consolidating for a better future.
Paying off your mortgage sooner.
Borrowing to invest in property can be a great wealth accumulation strategy, as long it is approached in a prudent and strategic manner. If used wisely, debt can be a very effective tool. While this type of investment strategy may require you to take on some debt, the strategy must also articulate how you will repay the debt, to minimise your interest and build wealth.
When formulating a long-term investment strategy for our clients, there are a number of strategies we can assist you to employ, that allows you to reduce debt, to an acceptable level, prior to retirement.
Things you should consider.
What is your current financial position? This includes both assets and liabilities. You should know what you own, as well as owe; income/expenses - all of this information will help shed light on where you may need to make changes in order to be more financially secure!
Determining what small moves you can make is the key to getting out from under your debt. Each small step taken helps you to get ahead and set yourself up for the future.
Once you have determined all your current debts the current repayments and interest rates on each, we can get to work seeing where we can help you across the board.