how to be debt free

Learn How to “Be Debt Free within 5-7 Years”

Dear home owner,

  • Do you long to quickly wipe out your $150,000+ bank mortgage debt?
  • How would you like to save at least $210,000 in interest over the next 20 years?
  • Can you imagine having your mortgage paid off within 5 – 7 years?

Sound like a pipe dream? Well, you CAN do all this and more…

You could escape a stressful career. You could work less or even part time “just doing the things that you like doing.” You could go on more holidays. You could spend more time with your family. Aren’t these the things that everybody wants?

You’re wondering how all this could be possible, right?

Usually, the average person works really hard using their working income to pay off their mortgage. For most people this takes at least 20 years. But you don’t want to take 20 years to pay off your mortgage, right?!

So, I’m going to tell you the secret of how to pay off your mortgage debt within 5 – 7 years.

All you need to have is an open mind for the next few minutes…

Take a look at the historical facts:

According to the Australian Bureau of Statistics (ABS), over the last 80 years property prices in Australia have doubled every 7 to 10 years. FACT.

Here are the fundamental reasons why property prices keep going up in the long term in Australia:

  1. Population increases
  2. Material costs go up
  3. Labour costs increase
  4. Increasing shortage of land
  5. Inflation increases

So, as long as the population is increasing, material costs go up, labour costs rise, there’s a shortage of land and inflation exists, then long term would you guess that property prices go down or up? Yep – they go up! It doesn’t take a genius to figure that one out!

Consider these questions:

If you bought your home 7 years ago:

  • How much did you buy it for?
  • How much do you think it’s worth today?

It either doubled or is close to doubling its price, isn’t it?

If you bought your home 4 years ago:

  • How much did you buy it for?
  • How much do you think it’s worth today?

The value went up right?

You got the point, right? Over time, property goes up in value.

In fact, history has proven it.

Now, imagine if:

  • the bank could lend you 100% of the money to invest in property
  • within 5-7 years from today, property prices go up and you make at least $260,000

And you won’t need to live on bread and butter either! In fact, with the method I’ll reveal to you, it won’t affect your cashflow at all. You can still invest and make money to pay off your mortgage plus your quality of life will remain the same!

I’m not saying this to impress you. I’m saying this to let you know that there’s a proven way to do it. All you need to know is how to do it – and that’s where I can help you…
Here’s an example to demonstrate to you what I mean:

How Tom made $260,000 within 7 years. 

In 2002, Tom bought a unit in Richmond to live in for $300,000. To do this, he borrowed $200,000 from the bank. He did a quick calculation. Over 20 years he would pay the bank a staggering $205,000 plus in interest! After picking himself up off the floor, Tom decided to pay off his mortgage sooner. In 2004, two years after he bought his unit in Richmond, Tom bought an investment property in North Melbourne for $350,000. With equity in his first house, the bank lent him 100% (plus other costs).

Ok, so how much do you think it costs Tom to service his investment property?
Before he bought, Tom did a calculation to make sure that he could afford the property. After tax and rental income, the investment property only cost him $80 a week (on an interest-only loan).

So, how did Tom come up with the extra $80 a week to pay for the investment property?
Well, each week Tom would put in an extra $100 to pay off his mortgage (owner occupier property). But, instead of putting in the extra $100, Tom put in $20 extra to pay for his family home and $80 to pay for the investment property, so there was nothing more out of his pocket. Doing this, Tom could still maintain his same quality of life. Or another way, Tom can do an interest only loan on his owner occupy property, this reduce his home loan repayment. Using some of this money to service the investment property and the rest put in the offset account.

Over 5 years rent usually increases, so the rent and the tax paid for the investment property. This meant Tom did not have to take money out of his own pocket to service the property.

In 2011, seven years after he bought his investment property, Tom’s property has doubled in value to $700,000. So he decides to sell the investment property and pay off his mortgage.

So, how much money does Tom make?
He sells his property for $700,000. He pays his agent’s fee of about $20,000 and his investment debt of $350,000. He is left with $330,000, on which he has to pay 50% capital gains tax, and then he’s left with $260,000. He also paid $150,000 for his owner occupier property. Now, let’s think about this…

If Tom didn’t do this, what else could he do?
The alternative is simply to work hard and take 20 years to pay off mortgage. Not a great alternative eh?

Tom made the right decision. He became MORTGAGE FREE seven years from the date he bought his investment property. Plus he was left with $90,000 in his pocket!

Once Tom had paid off his debts, he was able to escape a well-paid but stressful career. He now works part-time “just doing the things that he loves doing,” and is able to spend more time with his wife, kids and loved ones. Tom does not need to work 12 months of the year anymore, in fact he may only work 6 months of the year – doing something he really enjoys. He can go on holiday more often and while he’s on holiday, you can see a big smile on his face. Tom’s happy because he’s debt free for the rest of his life.

This is not a real case story, but this is a real achievable example. You’ve got the concept, right?

I’m just using this example to show you that it’s possible to pay off your mortgage within 5-7 years. And there is no better way to do it. Property investment (bricks and mortar) is the safest investment long term – without a doubt. History proves it.

But, you ask, what about the worst case scenario?
Well let’s assume Tom didn’t make $260,000 in profit, instead Tom makes $150,000 in profit. He still pays off his mortgage within 7 years. Wouldn’t that still be better than taking 20 years to pay off his mortgage? Of course it would!

So…

  • Would you like to learn how to become mortgage free within 5-7 years?
  • Would you like to invest to make money where your current financial situation is not affected?
  • Would you like to have a cash lump sum at the end of this investment period?

Yes? Then read on…

I’m going to give you an opportunity to sit down with me where I’ll create a personal property investment plan for you. I guarantee this is going to be the smartest decision you ever make this year, and quite probably the smartest of your entire life.

In our meeting of around 45 minutes’ duration, I will answer all of the questions you’re asking yourself now until you walk away with sufficient knowledge to be able to start to make some life-changing decisions. Decisions that will change you and your family’s lives only for the better.
This is a FREE no obligation meeting, but you have to be quick, as it’s for a limited time only.
DON’T MISS OUT on this opportunity! You have nothing to lose and so much to gain! The advice I provide is invaluable and I’m giving it to you FREE!

Ok great! So you’ve come this far…
One of the steps towards financial wellbeing is to Request your Free Mortgage Coach now.

Imagine if you could become debt free – wouldn’t it be awesome to work less, holiday more and have more time with your wife and kids?

If you don’t grab this opportunity right now – to find out how you can become debt free within 5-7 years – you may never come across another like it again…
Let’s take the next step…  See if you qualify…