Pay off my debts
For many Australians, their first financial priority is to pay off their mortgage and own their home outright.
While it's natural to want to pay off your loan as quick as possible, throwing everything into extra repayments can create unnecessary financial stress and imbalance in your life. The risk of focussing solely on your home loan often means you forget to look after the other elements of a well balanced strategic plan for your future, like maximising super contributions, protecting your risks, and investing in growth assets.
You can strike a balance between paying off your house faster and living comfortably, while still planning for tomorrow.
At Prospero Financial Planning we can help you create efficient strategies to reduce your mortgage debt by maximising your cash flow and pre-tax income position, all the while ensuring you have enough income to live well today.
To learn more about how we can help, please contact our office on 03 9813 4244 to have a friendly chat about making the most of your money.