$400K Off Their Mortgage in 3 Years... With 3 Kids! | Keti & Peter | Changing Lives | S4E80
Money Mentor Podcast™Show Notes
Keti and Peter have reduced their $492,000 mortgage to just $88,000 in 3 years, despite raising 3 children and previously believing they might still be paying it off at 80. After building their family home in 2020, they were juggling mortgage repayments, private school expenses, home improvements and a lifestyle that revolved around their credit card. They were regularly maxing out their $7,000 credit card, sometimes twice in 1 month, chasing frequent flyer points and spending without a clear financial plan. With little savings and constant disagreements about money, they thought they were managing reasonably well. But everything changed when they discovered a different approach to their finances. Today, they've reduced their mortgage by approximately $404,000, including around $100,000-$120,000 from selling a previous property, while building an investment portfolio and taking their family on a 5-week European holiday. Now, with their mortgage nearly gone and a goal of becoming mortgage-free before 40, what changed for this family who once struggled to imagine a different financial future? Want to improve your own financial future? Our free webinar is where to start: 👉 https://bit.ly/43V2jKN #MortgageRepayment #FamilyBudgeting #FinancialFreedom
More from Money Mentor Podcast™
Australia’s housing market could crash by 20%. At least, that’s what economist Harry Dent is warning. But there’s one big problem: he’s made similar predictions before, and the numbers tell a very different story. So, should Australian homeowners be worried, or could the headlines be hiding something? In this episode of the Money Mentor Podcast, Rachel Howlett sits down with property economist Dr Andrew Wilson to put Harry Dent’s latest warning to the test. They revisit his previous crash predictions, compare them against what actually happened to Australian house prices, and examine the latest property market data to uncover what could happen next. With interest rates, housing affordability and economic uncertainty putting pressure on Australians, this is a conversation worth watching before making your next property decision. Is a 20% crash really coming, or could we be looking at one of the biggest buying opportunities in years? 👇 What do you think? Is Australia's property market heading for a crash, or are the predictions overblown? Let us know in the comments. Want to improve your own financial future? Our free webinar is where to start: 👉 https://bit.ly/43V2jKN
Ethan left school in Year 10 with almost no financial knowledge. Years later, he was earning good money working in the mines, but after earning $150,000 in 1 year, he had just $15,000 to show for it. Working a 7-on, 7-off roster, Ethan saw how easy it was to fall into the cycle of making good money and spending it just as quickly. He also saw older workers still underground in their 50s and 60s and knew he didn't want the same future. Today, Ethan is living with his parents, has bought his first investment property and says $220,000 has gone towards it, combining savings he already had with 1 year following Infinity's debt reduction strategy. In this episode, Ethan shares how his approach to money changed, why he's investing instead of buying his own home right now, how he cut his personal spending to around $350 a fortnight and why his next goal is owning 5 investment properties by 2030. Want to improve your own financial future? Our free webinar is where to start: 👉 https://bit.ly/43V2jKN #Money #PropertyInvesting #Mining #FinancialFreedom
Gemma and Josh are a busy working couple with a 9-year-old daughter and a dog. With Josh working 12-hour shifts and Gemma juggling long workdays with school pick-ups, they were earning decent money and able to enjoy life, but financially they felt stuck with no real long-term plan. After missing out on around $400,000 in property growth and discovering they were spending roughly $1,100–$1,200 a week, they realised just how much their everyday habits were costing them. In their first 90 days with Infinity, they’ve already made dramatic progress on their home loan by changing the little things, without giving up the lifestyle, family experiences and travel they value. Want to improve your own financial future? Our free webinar is where to start: 👉 https://bit.ly/43V2jKN #Mortgage #PersonalFinance #DebtFree #Money
After 9 years of mortgage repayments, Markita and Jess felt like their home loan was barely moving. One year later, they’ve paid $211,000 off their mortgage and built a portfolio of four investment properties, while completely changing the way they spend, communicate about money and think about their future outside FIFO. This is how they went from feeling stuck with their mortgage to achieving more in 12 months than they thought possible. Want to improve your own financial future? Our free webinar is where to start: 👉 https://bit.ly/43V2jKN #Mortgage #FIFO #PersonalFinance #PropertyInvesting
Before joining Infinity, Ayaan was a sceptic. Today, she’s an Infinity Finance Strategist applying the same principles she helps clients with to her own money. The result? She’s bought her first home, purchased two investment properties and paid $220,000 off her mortgage in less than 2 years. In this episode, Ayaan shares what changed, what she’s learned working inside Infinity and how it transformed her own finances. Want to improve your own financial future? Our free webinar is where to start: 👉 https://bit.ly/43V2jKN #Mortgage #PersonalFinance #PropertyInvesting