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    The Money Mentor: How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit
    The Money Mentor: How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit
    The Money Mentor: How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit
    Ebook187 pages2 hours

    The Money Mentor: How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit

    By Graeme Holm

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    About this ebook

    The Money Mentor is my take on the classic self-help book – with one major difference:

    It’s a bullshit-free zone!

    If you’re reading this, it’s because you’ve recognised that your finances need help. Either that or your kids gave you the book as a Christmas stocking-filler, it’s pouring with rain and there’s nothing on telly this afternoon.

    Seriously, however you got here isn’t important. The important thing is - you’re here. Right here, right now is where you start getting control of your finances. This is where you stop throwing money away like it’s going out of fashion and start saving. This is where your financial worries start to lessen. This is where you and your family begin to get ahead in the game.

    What I do is very straightforward – I help ordinary Mums and Dads burdened with standard 30-year home loans, pay off those loans within 7 to 10 years. Yes, you read that correctly – you can be mortgage-free in 7 to 10 years simply by following a plan that we create together.

    It’s not magic. There’s no smoke and mirrors. It’s not even a secret how we can do this together. In fact, I call it the ‘not-so-secret, secret’, because anyone can do it.

    Together, we examine your lifestyle and make a detailed assessment of your living expenses. Using that information, we then give every single dollar of your family’s monthly income a specific purpose and structure it within a realistic budget. And guarantee to pay the loan off in 7 to 10 years.

    Paying your home loan off over 30 years is bullshit! It’s the biggest rip-off. When you’re sitting in your bank, arranging your home loan, their entire focus is on the minimum monthly repayment. That just means they’re forecasting their juicy profits over a 30-year period. Profits that you’re paying for.

    We can even pay off that 30-year loan earlier in some cases. One of our records is having cleared a mortgage in only 3.5! Mortgage-free in three and a half years – wouldn’t everyone love to be in that position?

    Our aim is to disrupt the passive, inherited way of thinking encouraged by the banks and to completely change traditional Mum and Dad psychology. Not with idealistic nonsense and impossible to achieve pie-in-the-sky advice aimed at solving unrealistic or non-typical situations. This book is packed with proven, practical and realistic strategies that work. If you and your family follow the process that we all agree to in the beginning, you will achieve the results we predict at the start. Guaranteed!

    LanguageEnglish
    PublisherEvolve Global Publishing
    Release dateOct 8, 2019
    ISBN9780463368992
    The Money Mentor: How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit
    Author

    Graeme Holm

    The driving force behind Infinity is CEO Graeme Holm – aka the Money Mentor – an acclaimed financial educator, motivational speaker and author of such titles as The Money Mentor: How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit. Graeme is a self-described Housing Commission kid from Wollongong, where he was raised by his grandparents and single mother. Coming from a humble background, Graeme – who began his career in finance aged 18 – is extraordinarily motivated and passionate about sharing what he’s learned about money with ordinary Australians.

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      Book preview

      The Money Mentor - Graeme Holm

      The Money Mentor

      Book Matter

      Title Page

      Copyright

      Dedication

      Introduction

      Guarantee? What guarantee?

      About The Author

      About Doctor Karen Phillip

      I've been where you are

      Graeme and Infinity

      Poor Beginnings

      Why Trust Me?

      Infinity Group

      We all need help at some point

      What do I do?

      How do I do it?

      I FEEL YOUR PAIN

      There's Education and there's Education

      Living Payday to Payday

      Not Valuable Advice

      Unsecured Debt - What a Load of Bullshit

      Car Culture / FOMO

      How many bank accounts?

      INDUSTRY MYTHS AND BULLSHIT

      Banks helping their customers pay home loans quicker?

      Share of Wallet - Hooked for Life?

      Credit Card Interest

      The Great Aussie Dream...or The Great Aussie Scam!

      Refinance - Yes or No?

      Getting a better interest rate from your bank

      Fixed v Variable

      BUDGETING

      Budgeting Basics

      Budgets and Boats

      Credit Scoring and Applying for Loans

      Interest Earned v Interest Saved

      Discretionary Spending

      INVESTING IN SHARES

      Shares v Property

      Panic Selling - it's contagious

      INVESTING IN PROPERTY

      Rent-vesting

      Mortgage Insurance

      Upgrading Homes - is it the smartest move?

      Stopping the bleed

      Self-Funded Investment Property

      WHERE THE HELL AM I

      Who Am I?

      Taking Stock

      WHERE DO I WANT TO BE

      Financial Security

      Modern Bank Account

      Income Streams

      JUST DO IT

      Instant Gratification v Long-term Satisfaction

      Keeping You Honest and On Track

      How do you know I can help you?

      Just Do It

      CASE STUDIES

      Traditional Mortgage Graph

      Turbocharge Your Mortgage Payments - Recap

      Guide

      Cover

      toc

      Title Page

      The Money Mentor

      How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit

      By Graeme Holm

      #1 International Best Seller

      Ranked #58 Book on Amazon Australia

      Ranked #180 Book in Amazon Canada

      39 x #1 Best Seller in 3 Countries (AU,CA,US)

      54 x #1 Hot New Release 4 Countries (AU,CA,US,UK)

      Copyright

      By  Graeme Holm  Copyright © 2019.  All rights reserved.

      No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author. The information provided within this book is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained in this book for any purpose. Any use of this information is at your own risk. The methods described in this book are the author’s personal thoughts.

      Limit of Liability Disclaimer: 

      The information contained in this book is for information purposes only, and may not apply to your situation.

      The author, publisher, distributor and provider provide no warranty about the content or accuracy of content enclosed. Information provided is subjective. Keep this in mind when reviewing this guide. Neither the Publisher nor Authors shall be liable for any loss of profit or any other commercial damages resulting from use of this guide.  All links are for information purposes only and are not warranted for content, accuracy, or any other implied or explicit purpose.

      Infinity Group Finance Pty Ltd, ACN No. 609 889 607 holds an Australian Credit Licence 505926.

      Any information or advice contained in this book is of a general nature only and was prepared without considering your personal objectives, financial situation or needs. Before acting or relying on this advice you should consider the appropriateness of this advice having regard to your personal circumstances and objectives. 

      You should also obtain a Product Disclosure Statement in relation to any financial product prior to making any decision about whether to acquire the product from the selected advisor/Firm.

      Wealth Creation, Self-Managed Super Fund and Retirement Strategy services are not authorised by Infinity Group Finance Pty Ltd, ACN No. 609 889 607 and it’s Australian Credit Licence 505926 and the services provided by Infinity Group Australia Pty Ltd or associated entities or referral partners are subject to their own individual licenses for products and or services provided.

      In relation to the opportunity to show clients how to pay off their home mortgage in half the time, candidates must allow Infinity Group Finance Pty Ltd, ACN No. 609 889 607, Australian Credit Licence 505926 to make a formal assessment of their financial position, involving a free 30 minute in-office or in-home financial health check and a second appointment with one of our accredited Mortgage Brokers at one of our office locations.

      Lump sum deposits including but not limited to lottery winnings, inheritance or any other payments considered to be outside the scope of your standard mortgage repayments as determined by Infinity Group Finance are excluded from the analysis. 

      All potential payments will be at the discretion of the Infinity Group Finance’s Directors. All relevant information requested by Infinity Group Finance must be provided by the client to complete the formal assessment.

      Earnings Disclaimer:

      All income examples in this book are just that – examples. They are not intended to represent or guarantee that everyone will achieve the same results. You understand that each individual’s success will be determined by his or her desire, dedication, background, effort and motivation to work. There is no guarantee you will duplicate any of the results stated here. You recognize any business endeavors has inherent risk or loss of capital.

      'The typical result one can expect to achieve is nothing'. The 'typical' person never gets to the end of this book. The 'typical' person fails to implement anything. Thus, they earn nothing. Zero. No income. And perhaps, a loss of income. That’s because 'typical' people do nothing, and, therefore, they achieve nothing. Be atypical. Do something. Implement something. If it doesn’t work, make a change, and implement that. Try again. Try harder. Persist. And reap the rewards.

      LinkedIn:  https://www.linkedin.com/in/graeme-holm/

      Author Website:  www.moneymentor.com.au 

      Address: PO Box 6068, Baulkham Hills NSW 2153 

      Website:  www.infinitygroupaustralia.com.au

      Email:   graeme@infinitygroupaustralia.com.au

      1st Edition 2019

      First Published in 2019 for Graeme Holm by Evolve Global Publishing

      PO Box 327 Stanhope Gardens NSW 2768 info@evolveglobalpublishing.com  

      www.evolveglobalpublishing.com

      Book Layout: © 2019 Evolve Global Publishing

      ISBN: (Paperback) 978-1-64467-307-2  (Ingram)

      ISBN: (Hardcover) 978-1-64467-308-9   (Ingram)

      ISBN-13:  (Amazon Print) 9781097249039

      ISBN:   (Smashwords)   

      ASIN:   (Amazon Kindle) B07RD664F5

      This book is available on  Barnes & Noble, Kobo, Apple iBooks (digital), and Google Books (digital).

      TRADEMARKS :

      All product names, logos, and brands are the property of their respective owners. All company, product and service names used in this book are for identification purposes only. Use of these names, logos, and brands does not imply endorsement. All other trademarks cited herein are the property of their respective owners.

      Dedication

      I would like to dedicate this book to all of you triers out there in society who’ve been told: you can't do it. To anyone who has been so broke that no hope was in sight. To everyone who was ever told to do everything a certain way, but just didn't fit into the mould. To all the underdogs who may have come from terrible circumstances or have been just plain unlucky. This book is partially dedicated to you - you have tried being broke, and if you’re anything like me, you haven’t liked it. Now it is time to put the proven systems in this book to work. Mortgage or not, you can adopt the same principles and strategies - although slightly varied - to promote saving and getting out of unsecured debt.

      To all the strugglers out there, toiling from week to week - the only thing stopping you from breaking out of that rut is you! Step up and go and get what you deserve. Cut the bullshit excuses you keep telling yourself and get it done, for you.

      In addition to all you underdogs, many of whom will always have a deep connection with me, I also want to dedicate this book to several mentors and role models in my life who each played an integral part in nurturing the passion I have developed for helping people rid themselves of debt.

      My mother Sharon, who was a single Mum working multiple jobs, just trying to hold it all together for us. Mum, I reckon you did a bloody good job, so thank you, and I promise to look after you when you get old and annoying and have plenty of time to drive me crazy.

      To my dearest Nan and Pop, Gerry and Irene. While Pop passed away in 2008 and I miss him dearly every day, he was instrumental in my upbringing, and I spent a significant amount of time with Nan and Pop growing up. Thanks for everything you taught me, Pop, and thanks for all the things you let me learn myself by experiencing them, even when you could have pushed me to do it your way, RIP.

      My dear Nan, Irene. You were my rock and sense of reason that I was both scared shitless to let down and driven to impress, all at the same time. The love I have for you is boundless, and I thank you still to this day for your favourite quote that I and thousands of Australian families now live by - Put it off your mortgage.

      My inspirational wife, Rebecca (Bec). They say behind every successful man is a surprised woman? Oh, sorry! Is it behind every successful man is an amazing woman? Well, forget all those clichés in my case, my entire reason and passion and my daily ‘WHY?’ is because this woman believed in me at my lowest of lows, when I had nothing, when I was worth nothing. Not only did she believe in me, she challenged me on everything, and most men may say, stuff that! But, let's get real honest gents...we like being told what to do and how to do it, when it’s said with love and honesty. We all know our wives are a lot smarter than us – so smart that in a lot of cases, they purposely let us think we are in charge. Let us think we are the boss and we are the king of the house - it’s simple psychology. Well, Bec, I must thank you for everything we have achieved together, and this book is equally dedicated to you, my family here and above and the underdogs of society - all of you form a significant part of my DNA.

      Introduction

      I'm Graeme Holm and The Money Mentor is my take on the classic self-help book – with one major difference:

      It’s a bullshit-free zone!

      If you’re reading this, it’s because you’ve recognised that your finances need help. Either that or your kids gave you the book as a Christmas stocking-filler, it’s pouring with rain, and there’s nothing on telly this afternoon.

      Seriously though, however you got here isn’t important. The important thing is - you’re here. Right here, right now, is where you start getting control of your finances. This is where you stop throwing money away like it’s going out of fashion and start saving. This is where your financial worries start to lessen. This is where you and your family begin to get ahead in the game.

      What I do is very straightforward – I help ordinary Mums and Dads burdened with standard 30-year home loans pay off those loans within 7 to 10 years. Yes, you read that correctly – you can be mortgage-free in 7 to 10 years simply by following a plan that we create together.

      It’s not magic. There are no smoke and mirrors. It’s not even a secret how we can do this together. In fact, I call it the ‘not-so-secret, secret’, because anyone can do it.

      Together, we examine your lifestyle and make a detailed assessment of your living expenses. Using that information, we then

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