Hi guys, Phil McGilvray here from Grandma’s Jars. Thank you for joining us. We’re up to tutorial nine in our ten part tutorial series – our Top Ten Tips for Paying Off Debt. Now I am really excited about bringing you today’s tutorial because it’s putting the nuts and bolts together to build a road map to debt elimination and I love doing these because it gives people a vision of what’s possible, what they can achieve.
As a financial advisor, clients are always thinking of ways to save money and pay off debt. One of the most common questions I get asked are, “Should we consider fixing the interest rates on our home loan?”
Spend any time with me and you will very quickly understand that I am passionate about helping people develop the skills and habits they need to be successful at managing money and managing debt. Over the past 15 years I have worked with many hundreds of couples and individuals to help them overcome debt and build a strong financial foundation. In short I love what I do and am extremely good at it. I don’t tell you this to ‘toot my own trumpet’ but rather to add weight and perspective to the rest of this blog. Debt management and getting out of debt is never easy but experience has taught me that with perseverance and the right strategy you can pay off credit cards, personal loans, car loans etc a lot faster than you think.
In the first blog in this series, Mortgage Advice for Young Couples Part 1: How Much Do We Need to Save For a House?, I provided an overview of how much you need to save before buying a house and outlined all the costs you need to consider. In this second blog, Mortgage Advice for Young Couples Part 2: How Much Can We Afford to Spend on a House?, I outlined the process I use with all my clients to help them identify how much they can afford to spend on a house.
One of the most fulfilling parts of being a financial coach is journeying with and helping people achieve financial goals that are important to them. One of the biggest, if not the biggest, financial goal you and I will face in our lifetime is to save for and purchase our first house. As a financial coach I also recognise that a big part of my responsibility to my clients is to give them the right advice, even if they don’t necessarily like what they hear.
One of the most fulfilling parts of being a financial coach is journeying with and helping people achieve financial goals that are important to them. One of the biggest, if not the biggest financial goal you and I will face in our lifetime, is to save for and purchase our first house.