Hi all Shane here from Premium Finance, just wanted to let you know about a client we helped during the week. The client came to me in a bit of a pickle, he was 50 years old had very little super and really no plan in place for retirement. He also had bills coming out of his ears. He still had a mortgage on his home, a car loan, a personal loan for a Harley and 2 credit cards that were over their limit. Even though he was earning big money as he was working in the mines, he was unable to save any money to put towards savings or retirement. Also because he is a payee employee with the Mines he is paying heaps of tax and very little in the way of tax deductions. He told me he has gained heaps of equity in his home because he has had it for over 20 years but he felt like he was going backwards.
He had also realized that he needed professional advice on how to better his financial situation. So he contacted Premium Finance for help.
To help him we did a simple product swap and restructure of his home loan so we could consolidate his debts and set him up with a mortgage reduction program, by doing this it freed up a large amount of income that could be put towards a tax assisted investment that was going to help build wealth for retirement. Now instead of being worried about his retirement and financial future he is busy living life and planning for his next investment. Another happy client!
Thanks, till next time, Shane
Tags: Brisbane, Melbourne, Premium Finance, Premium Finance Services