THINK MONEY $ THINK PROPERTY $ THINK WEALTH
If you THINK there is no one to turn to...THINK again... reach your goals sooner with THINK MONEY
If you think you can’t reduce your debts , think again. Money stress can be one of the worst type of stresses we can go through. We hear old sayings every day Money can’t buy happiness, money isn’t everything there are so many things more important than money And while these sayings could be considered true, lack of money can actually cause many many more problems than having money does. While money isn’t everything, I put it right up there with oxygen, because in today’s world being able to earn enough to live is a necessity.
meet CHris Childs In this Wealthy’n’Wise edition property investment expert Chris Childs gives you her professional tips on debt reduction and creating wealth through property. • Fast Debt Reduction – Reduce your debt, not your lifestyle • Goal Mapping – Get focused on what you want • Why Property – Learn the strategies, structures and solutions • How to get 10 properties in 10 years and how to manage the holding costs.
Give us a call and book a seat to our next Wealthy n’ Wise event
Many people get trapped into the comsumer debt cycle… this cycle means you borrow to buy something, you end up paying twice as much as it is worth because of interest and by the time you have paid it off you often need to replace it, and therefore have to borrow again. Paying double price for everything means you often can’t save and start to get ahead. Worse still, is credit card debt. The extremely high interest rates mean that you can actually stay in debt for many years paying off silly things that have long since gone into the bin, clothes, toys, holidays etc. You can break the cycle so easily by changing the way you are doing your banking. Learning how to beat the banks at their own game, and utilizing strategies to break the cycle is the first step. Budgeting is a bit of a dirty word.. and most people consider writing down their income and outgoings and working out what is left is a budget… it isn’t; that is just a list. A true budget or as I prefer to call it – a Cash Management System is when you take this list one step further and with the right tools, record what you are actually spending against what you planned spending and make decisions on a weekly basis on what is still available for the month. That is true control. Once you have control of your spending, you will find you have more money. The more organized you are – again the more money you will seem to have. There are many many options and tricks to reducing debt – I have written an easy to read debt reduction magazine that gives you an insight on how to gain control of your money and your life… Call us today to make a time to discuss your current situation, and pick up one of our magazines. You can also download it as an ebook on our website.
Look forward to seeing you soon Chris Childs
THINK MONEY $ THINK PROPERTY $ THINK WEALTH
Experience There is no substitute for it in any successful business. Just ask Chris Childs, founder of Think Money Wealth Through Property. With more than 20 years’ experience under her belt in the financial planning, mortgage broking and wealth creation through property industries, Chris has helped countless people take charge of their finances and turn their lives around. More importantly, Chris has achieved success from her own personal experience, creating her winning system not from theories but from years of experience creating wealth through property herself. Having been a financial planner and mortgage broker for many years, Chris and her husband, Jack, bought their first investment property in 2000. The dynamic duo went on to buy, sell and renovate several properties over the next three years, but it wasn’t until they bought and kept an investment property that they started to see the real value of capital growth.
In addition to accumulating a large property portfolio, Chris also opened three mortgage companies in three years and began to teach her clients her top tips and strategies on reducing debt fast and creating wealth through property – hence Think Money was born in 2007. “My mortgage broking clients, having been diligently learning my debt reduction strategies, wanted to learn more about how we were accumulating properties. So I began to teach my clients what to do and more importantly what not to do. Mistake avoidance can save you thousands.” Passionate about helping others achieve the same financial freedom she and her family have achieved, Chris now employs a team of professionals who assist clients to achieve their goals while avoiding the pitfalls most of us suffer when we begin the daunting property investment journey with little knowledge and experience. Chris says reducing your debt and accumulating property doesn’t have to impede your lifestyle, in fact it will enhance it from day one.
Book your ticket online : thinkmoney.com.au or Call 07 5430 4777
meet yaseen Hull Yaseen Hull – the big cuddly bear of the Think Money group is Chris Child’s right hand man. A mortgage broker and debt reduction specialist, Yaseen has 11 years experience in both industries. With a firm belief in structuring his clients’ finance to suit their needs and not the banks, meeting with clients on a regular basis is the secret to creating a secure financial platform. Yaseen personally prides himself on making sure our clients understand the steps to creating wealth through property, maximizing equity and reducing debt. “I love helping people. The fact that I have seen personally the damage the big banks can have on individuals inspires me to help people beat the banks at their own game,” says Yaseen.
To contact Yaseen phone 07 5430 4777
If you THINK it takes 20 years to pay off a home loan... THINK again...
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on’t believe what your parents told you. The biggest fallacy our parents taught us is to believe your home loan is a ‘longterm’ debt. Most of us saw our parents work hard all of their lives to pay off their mortgage, and then struggle to retire comfortably. It is nurture not nature that keeps most of us imprisoned on the debt mouse wheel. Our grandparents, God bless their little cotton socks, were taught by the banks how to do their banking. They passed this on to their children who passed it on to you. They had a lot to say about money … RECOGNISE THESE SAYINGS? “Money doesn’t grow on trees”. “A penny saved is a penny earned”. “If you count your pennies, the dollars will take care of themselves”. “If you can’t pay for it – don’t buy it”. Most of us believe that we should work hard, save to buy our home,
spend the rest of our lives working to pay it off, and hopefully, save a bit to retire on. It doesn’t have to be that hard. By treating your money right in the first place, learning the benefits of how loans should work, and setting up the correct finance platform for both fast debt reduction and smart wealth creation, most of us can pay our homes in five to seven years instead of 25 and get 10 properties in 10 years without struggling with the holding costs. It’s just a matter of setting up your loans properly. Look at your current situation. Have you been paying your loan off for years and seem to be getting nowhere fast? Add up the amount you have paid into your loan to date. Your monthly payment is say $2k x 12 months x 5 years = $120k. Most loans have only reduced by $5k or so in that time. Now we have an OMG moment! Time to do things a bit
differently. Change the way you are doing your banking … if you follow the next six steps you will be well on your way to making a huge difference and will get out of debt fast.
seven steps to financial control: STEP 1 GET THE RIGHT LOAN STEP 2 SET UP YOUR MONEY PLAN – (CASH MANAGEMENT) STEP 3 USE A CREDIT CARD STEP 4 BANK YOUR PAY INTO YOUR LOAN STEP 5 STAY ORGANISED STEP 6 NOW START REALLY GETTING AHEAD ... INVESTING STEP 7 KEEP PERSONAL AND INVESTMENT BANKING TOTALLY SEPARATE
Book your ticket online at thinkmoney.com.au orCall 07 5430 4777
THINK MONEY $ THINK PROPERTY $ THINK WEALTH
client testimonial
Valerie Waterton
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alerie Waterston has never led a mainstream life. She has spent much of her adult life travelling the globe like a gypsy, either as a backpacker or as a tour leader. With a strong background in travel she now works for a tour operator in sales and marketing from her home on the Sunshine Coast. Single and at 44 years of age, Valerie had set herself up reasonably well financially with a share portfolio and one investment property. However, it was when the market had a downturn that Valerie’s shares – and her confidence – started taking a downhill slide. Valerie says, “I had an investment portfolio through a financial planner and went well for a few years but started going backward. I thought it would look after itself – obviously certain world incidents took their toll. I needed help.” It was while at the local gym flicking through Profile Magazine, that Valerie saw an ad for the 2012 Women’s Lifestyle Expo. She says, “That mag [Profile] is around everywhere. I was flicking through and saw the timetable for speakers at the Expo in there and saw that there was a talk on wealth through property investment. I decided then and there to go along. “I knew I needed to be more proactive and change my investments. When I went to the Expo last year and
“I went to the bank and they spent 20 minutes telling me no and Chris Childs spent 20 minutes telling me yes.” met Chris, something just clicked – it made sense and got me at the right time. Chris offered the exact service I was after and her presentation made sense. It felt like the right thing for me.” In the days following the Expo, Valerie met with Chris and signed up immediately. She recalls, “Once I met with Chris I pretty much jumped in boots and all from the beginning. In the first meeting with Chris she explained how you separate living from property investment – Yaseen helped out with the finance. They did it all for me. I took a leap of faith. They just kind of made it happen.” I ask Valerie if she was hesitant going into more property investment being a single woman but she reassures me that her being on a single wage has not stopped her from having a goal of 10 properties. She says, “One of the big reasons I went to Think Money is that I went to the bank and they spent 20 minutes telling me no and Chris spent 20 minutes telling me yes. I never thought that with my income as a single woman I could own another property let alone 10! The way Chris does it – the formula shows how I can. The bank told me I was dreaming beyond my means.” She continues, “I still can’t believe that someone of my age can be $1 million in debt to a bank – it’s
unbelievable. And that it’s a positive! I never imagined I would be making these decisions by myself – they made me realise how easy it was.” But it hasn’t been all plain sailing for Valerie. An investment in Gladstone took longer than expected to settle and rent, resulting in some nerves for Valerie. “I had one panic day but got reassurance from Chris. I now understand the long term concept. Chris keeps reminding me it’s a 10 year plan not a one year plan. Her open-door policy and hand holding is what gave me the security and assurance that I needed. Plus I regularly go to the goal setting sessions and always pick up new information. “I’m very much looking forward to having a great retirement and I don’t think that it was in my mindset before. I never believed that having so much debt would feel as comfortable as it does!” She adds, “I’m not overly ambitious in my personal side I just want to enjoy the income I have –I enjoy spending money more because my investment side of things is taking care of itself.” Seems this self-confessed gypsy is well on her way to setting up her retirement quite nicely. And my bet is she spends it travelling the globe … and enjoying her income.
the seven things about money i wish... “Banking your money straight into your home loan is like going straight to the wholesaler – saving you a fortune!”
WHERE TO GO FOR ADVICE Most people go to a bank for advice on the right bank accounts and loans to have. A bit of a laugh really when you consider their profit margins. It’s like asking the mouse where to put the cheese! I wish I had been taught to ask someone who has money the best way of handling it.
CREDIT CARDS ARE JUST LIKE GUNS A loaded gun in a playground is dangerous, but treated correctly it isn’t. Credit cards are the same. Most of us just use them to help the banks, but you can turn the tables and use the banks’ money for free and use your money to reduce your interest. This secret could have saved me thousands!
THE MORE ORGANISED YOU ARE THE MORE MONEY YOU HAVE
It is a fact that if you get organised with your money, you have more of it. Bills get paid on time, you don’t waste precious money on fines, fees and overdue payments, and you make your money work for you instead of against you. A cash management program accelerates your debt reduction and wealth creation.
YOU CAN MAKE COMPOUND INTEREST WORK FOR YOU OR AGAINST YOU Saving to buy something instead of borrowing can halve the price you pay for most items. This sounds boring to us in this ‘have it now’ world, however, compound interest working for you instead of for the loan company saves you thousands. I wish someone had told me that ‘interest free’ isn’t free at all. The interest has been tacked onto the price – ask for the ‘cash’ price and see.
Book your ticket online at: thinkmoney.com.au or Call 07 5430 4777
THINK MONEY $ THINK PROPERTY $ THINK WEALTH
... i had been told at school
DEBT CONSOLIDATION CAN BE YOUR BEST FRIEND OR YOUR WORST ENEMY Consolidating credit card and consumer debt onto your home loan can reduce your repayments each month and lower the amount of interest you pay. I wish I had been told to use this extra money to then reduce the home loan much faster, and not fall into the same trap again and again – burning up precious equity that could have been used for investing.
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THE POWER OF SEPARATING YOUR LIFE FROM YOUR INVESTMENTS One and a half million people in Australia invest in property, only 0.5 per cent get to five properties or more. Why? They don’t keep their personal and investment money separate. I wish I had learned the key to
successful investing and stressfree living was to keep these sides quite separate from each other.
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NOT TO ASSUME A HOME LOAN IS A LONGTERM DEBT I wish I had been taught that a home loan doesn’t have to be a stone around my neck for 25 years, or best case, if I paid weekly
or fortnightly, 17 years. What most people don’t know is that handled correctly a mortgage should be paid off in five to seven years just by doing your banking differently. Find out more at one of our free Wealthy n’ Wise event.
THINK MONEY $ THINK PROPERTY $ THINK WEALTH
A Think Money ‘Wealthy and Wise’ event. Come and learn the secrets to reducing debt and creating wealth through property.
FREE EVENT
If you THINK you can’t... THINK again... To validate your tickets please book online - thinkmoney.com.au or call 07 5430 4777 Like us on facebook to receive a free Wealth Coaching Session with Chris...
find out more on our website or call us on 07 5430 4777 | www.thinkmoney.com.au