Well here we are again with yet another year gone by and the million-dollar question is; “Did you improve your financial position in 2016.”
From past experience I would say that only around 10% did, and if that is true, it is truly disappointing. But let us not be too downhearted, because 2017 could change all of that.
If you do want to change this; let’s make it simple and follow these 3 easy steps.
1. Make a decision to improve your financial position in 2017.
This might sound ever so simple, but if it was that easy you already would be on your way. So what is stopping you? Do you want to be like the majority of Australians that retire on a pension?
Is it possibly fear, or indecision, or not knowing what to do, or not sure where to start. Let’s make this step easy. As they say; ‘A journey of a thousand miles begins with the first step.’ Step 1 is:
Email Bertram@itsabreeze.com.au and ask for guidance. Just say; “Help.”
2. Take stock of where you are now
To make any sort of plan, you need to know where you are now. You need to know what your assets and liabilities are, in other words what are you worth.
If you own a home, you need to know what its value is. If you have a mortgage you need a health check on that mortgage. Given the fact that interest rates are at an all time low, you need to make use of this situation and use it to your advantage. Why pay interest of 6% or 7% when you could be paying 4%.
Furthermore; are you paying principal plus interest? If so; “Why.” Just ask me and I will show you why! You have got to have a good reason to be paying both principal plus interest. Of course the banks will like you to do this, but I can show you why it is not.
If you do not own a home yet, you might want to consider buying an investment property first. There are many good reasons for this; just ask me and I will show you; ‘Why.’
3. Make a plan
If I am not involved in your wealth creation, you need to make a plan. You need to know what to invest in and where. You need to do some good research.
It’s not good enough to listen to a Property Spruiker and buy an overpriced property with a huge built-in commission. Do your own homework or just ask me.
It is not the usual run-of-the-mill plan that makes you a really good return, it is thinking outside the square and making a plan that capitalizes on maximizing your return in a safe and well-planned way.
It does not have to be what the majority does; it is about being creative and smart.
Start with the end in mind!
I hope that I have given you a few good ideas, because it frustrates the hell out of me that so many people miss out on what is really such a safe and guaranteed way to wealth creation.
I have helped so many people in this endeavor and it pains me to see so many miss out. It is so easy when you know how!
As usual the doomsayers are already out there predicting a crash, without any basis whatsoever.
We have a shortage of properties, a demand that is generated by huge population growth and low interest rates. With this formula there is no crash.
Furthermore the property cycle has been around many times and perhaps apart from an easing off of prices this year; it will be no different to last year.
With this in mind in 2017 I will be offering selected clients the opportunity to join with me in some very exciting opportunities. Many people have done so in the past and are laughing all the way to the bank!
Stay tuned for more news on this!
Cheers
Bertram
