You can “have your cake and eat it too” in the business world. One success leads always leads to another success.
As every Canterbury client knows, step one in real wealth creation is to eliminate non tax deductible debt i.e. to pay off your home loan.
Every so often, Canterbury carry out a free raffle to reward someone for doing well under our system.
Last week gathered together the names of 220 Canterbury clients who have paid off their homes under out system since our last raffle – put all the names in a barrel and raffled $5000.
The winners Robert & Joanne from Jimboomba were very deserved winners.
When they met us, they still had 29 years and 5 months remaining on their home loan. Under our system they paid it off in 4 years and 5 months, using nothing extra of their own money.
That means they saved 25 years off their home loan. That gives a lot of freedom.
When they first met us, the estimated interest to be incurred during the 29 years and 5 months of paying off their home was around $273,725 in non-tax-deductible interest. By following our strategy and structure the interest cost to pay off the home in 4 years and 5 months was reduced to $32,238 in interest.
That’s a saving of $241,487. That amount of money would look good sitting on your kitchen table.
Here are Rob & Jo outside their now fully paid off home, receiving their surprise from Matt Martin from Canterbury.
In life, one success inevitably leads to another. “Opportunities multiply as they are seized”. These clients now own three investment properties and it won’t take long to pay them off. Each one gets paid off faster than the last.
And now they have found out they won $5000 – in a raffle they did not even know about.
As always, you have to start the journey in order to enjoy the arrival at the intended destination…….…..and they have certainly made a good start.
Not bad when you consider the path they would have otherwise taken – still paying off their original home in their retirement years.