Money Mentor Podcast™

Clare thought the age gap meant she'd have to work long after Stewart retired. 2 years on, that's changed.

Clare and Stewart started with an $855,000 home loan, a credit card maxed out at $12,000 most months, and repayments that barely dented what they owed. Because of the age gap between them, Clare had quietly made peace with being the one still working long after Stewart stopped, funding a retirement that wasn't hers yet. A free webinar during a storm on holiday cracked that open, though she spent the next six months convinced it might be a scam. Two years on, their mortgage term has gone from 28 years to nine, and retiring together is finally on the table.

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#ChangingLivesPodcast #MortgageFreeAustralia #FinancialFreedom

Jim Chalmers says you'll "get over" the broken tax promise, but Sydney rents just hit $900 a week.

 

This month we unpack Chalmers' admission that Labor broke its negative gearing and capital gains tax promise, and what "you'll get over it" actually means for renters and investors. We cover the case for capping migration to housing supply, why first home buyer loan applications are down 19% while rents keep climbing, and the RBA's rate hold despite underlying inflation sitting at its highest level in years. Then the full data deep-dive: Sydney's price slump versus Brisbane and Perth's building boom, Melbourne's approvals slide, investor lending down 14.9%, and the auction clearance rates hinting at an early spring revival.

 

Money Mentor YouTube Channel: @moneymentorau

Dr Andrew Wilson on LinkedIn: /dr-andrew

 

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Want to improve your own financial future? Our free webinar is where to start:

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#WilsonMonthly #AustralianPropertyMarket #NegativeGearing

Darrel and Andrea paid off $9,000 in a year. In their first 90 days with Infinity, they paid off $17,000.

For years, Darrel and Andrea felt like they were doing everything right, paying the loan, saving, refinancing, and still going nowhere. When they finally sat down and ran the numbers, they were blown away to learn they'd been losing $200 a week without realising it, and admit they kicked themselves for waiting two years to find out. In their first 90 days, they paid off $17,000, almost double the $9,000 they'd managed in the whole year before. They've since bought their first investment property, started a second through their SMSF, and say it's taken a big weight off their shoulders.

Want to improve your own financial future? Our free webinar is where to start:

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#ChangingLivesPodcast #MortgageFreeAustralia #FinancialFreedom

Woody and Natalie were in their 50s with an $800,000 mortgage, and the plan was to use super to clear it.
Good jobs, no debt except the home loan, and no real plan beyond the status quo. The retirement plan was to use super to pay off the mortgage and downsize, and it never sat right with Woody. There had to be a better way.
They talk about the light bulb moment that interest is calculated daily, the savings account they were holding while owing $800,000, and the slush fund Woody quietly ran for years. Less than two years later the loan sits at about $630,000, and Woody rang the bank because he could not believe it was real.
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#ChangingLivesPodcast #MortgageFreeAustralia #FinancialFreedom

Kelly turned 50 last year with $666,000 still owing, and it started to feel like they had left it too late.

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After more than 20 years working at CommBank, the only advice she had ever heard was to pay the minimum. Retirement had started playing on her mind and she had no confidence in what was waiting. Rubes had been at her about Infinity for around 18 months, but she quit the first webinar half an hour in.

90 days later, they are sitting roughly $18,000 ahead. In the whole of the previous year they put $14,000 on the home loan. Kelly talks through what she saw on the calculator that changed her mind.

#First90Days #MortgageFreeAustralia #RetirementPlanning