As you can imagine, we get the pleasure of helping people all across the financial spectrum... From people with no deposit and a dream of owning a home, right through to those with 20 or 30 rental properties and untold millions in wealth.
The thing that always gets me is that every one of these people have a story and in most cases they've either been through the below process or they're starting out on their journey from one to the next. I think this is best explained by these five simple stages.
1. No Assets/Plenty of debt
2. A savings plan
3. Getting on the ladder
4. Reducing risk and winding down
5. Remove liability and enjoy
Essentially you're cashing in on the hard work that you've done in the previous stages which should allow you to remove the liability of paying a mortgage and hopefully enjoy financial security in your retirement. The key thing to remember here is that even if you're 45 and you're still on stage one, there's nothing stopping you putting in the hard work and moving to stage two and onwards from there. It happens for different people at different times of their lives and we're here to help you move forward.
So if you'd like to discuss improving your financial position then we'd love to talk to you.
Simply contact us or email office@mymortgage.co.nz
Adam, Claire and the My Mortgage team