The Refinancing Trap That Keeps Australians Broke | Belinda & Josef | CHANGING LIVES | Season 4 Ep 58
About this episode
Belinda and Josef share their journey of escaping the refinancing trap and achieving financial freedom with Graeme's guidance.
In this episode of "The Money Mentor," we speak to Belinda and Josef, two hardworking parents who, despite good incomes, found themselves caught in the refinancing trap, their home loan growing heavier year after year. No savings, no investments, and a bank eager to refinance them into another thirty years of debt to cover renovations and wedding expenses - they were heading in the wrong direction. Then they did the maths and said no. In February 2017 they met Graeme and discovered Infinity, and for the first time had the structure and budget that had been missing all along. The wedding happened. The renovations happened. Holidays happened. Every bit of it paid for in full, without taking on a cent of new debt. But the change didn't stop at their finances. Belinda and Josef embraced a complete lifestyle shift, one that has brought significant health benefits for them both and transformed the way they live day to day. Nine years on, they have reduced their debt by $589,000, built a portfolio of seven investment properties worth over ten million dollars, and never looked back. Belinda and Josef didn't need more debt. They needed a better offer - and they found one.
More episodes of Money Mentor Podcast
- Infinity Saved Their Finances and Their Relationship | Liv & Jamie | CHANGING LIVES | Season 4 Ep60
- From $48k in Bad Debt to a $2M Property Portfolio | Donovan and Steph | CHANGING LIVES | Season 4 Ep 59
- Years Wasted Following The Wrong Financial Advice. | Denise & Jeff | CHANGING LIVES | Season 4 Ep 57
- A Single Mum Built $2.5 Million in Property | Ebony | CHANGING LIVES | Season 4 Ep 55
- They Paid Off Their Dream Home in Just One Year | Daniel & Sarah | CHANGING LIVES | Season 4 Ep 56
- They Built Intergenerational Wealth on One Wage | Carlos & Lynell | CHANGING LIVES | Season 4 Ep 54
Explore listener stats, chart rankings, contacts and more on the Money Mentor Podcast podcast page.