THE INTRODUCTION
Kylie, Angus and their 3 children came to us 7 years ago. They were doing ok financially, managing things themselves, but wanted to know if they could improve their situation to reduce the mortgage and start investing to make better use of their current financial position so they had more money in a few years to holiday and have more wealth for retirement.
OUR ADVICE
After a thorough review of their financial situation we told them to do the following:
- Use the equity in their home to buy investments, both investment properties and shares.
- Use cash in the bank and their surplus each year to reduce the mortgage faster and help pay for the investments they will do over the next few years.
- Use their superannuation to start a Self-Managed Superfund to borrow through and buy an investment property to help increase the amount of investment assets they have in super to get more growth over the long term.
- Review and change their personal insurances so that it didn’t impact on their cashflow but allowed them to have more personal insurance that they needed as a family should something happen to either of them.
| WHERE WE STARTED in 2012
They were using their incomes to pay down their mortgage, but weren’t doing anything else to increase wealth. They had assets of: Super combined $159,000 Home $550,000 Cash in bank $24,500 Other assets, cars, etc $45,000 DEBTS of $385,000 TOTAL NET VALUE $393,500 |
NOW 8 years LATER in 2019
Over the last 8 years we have helped them utilise their surplus cashflow, superannuation, and the equity in their home so that they now have. They now have assets of: Super combined $480,000 Home $700,000 Investment properties $1,163,000 Share investment $18,000 Cash in bank $128,000 Other assets, cars, etc $55,000 DEBTS of $1,631,000 TOTAL NET VALUE $913,000 They are now in their early 40’s and on track to have a debt free home and over $2,000,000 in investments and retirement funds by the time they are 55 years old. |
WHAT THEY HAVE TO SAY!
We have worked with Oasis Financial Panning for many years now and each year it has been wonderful to have them as our go to make sure we are doing the best with our finances. We now know that we are on track to have our home debt free and have plenty of money and investments for an early retirement. We wont have to rely on the government for a income, we will be self-funded in retirement and have options to retire sooner than most people if we want to. Having a good strategy and investment focused financial adviser that truly understands us and want we want has been great.
