Think Wealth 4 Women

September 1, 2017

Think Wealth 4 Women

Learn how others have reduced their home loans by $28,621 in just one year.

Turn your dreams into reality faster than you could imagine!



It is all about how you do your banking. We are taught, often from a very young age to do our banking a standard way and it really is set up to make the banks the most money. Let me explain.

Most people do their banking like this. They have a couple of bank accounts, they often have a home loan, a car loan and a couple of credit cards, and even one of the dreaded ‘interest free’ cards from a furniture purchase.

They then bank their money into their bank account, then pay their loan payments, then their bills, they may try to transfer a little into a savings account to try to achieve that longed for holiday, or to save for Christmas and then life starts. There are mountains of other things to pay for like groceries, fuel, rates, rego’s not to mention kids! By the end of the week the account is empty and you feel you have been working hard and getting no-where… sound familiar?

You need to change the way you are doing your banking.

It isn’t how much you earn, and so often the more you earn the more you spend. The thing I look at it is how much leakage and wastage you have, and how you actually do your banking.

So let’s look at these two things:

Leakage & wastage – By leakage and wastage I mean, where is your money going that doesn’t give you any pleasure, lifestyle or reward. This can be credit card interest, sneaky little amounts for subscriptions that you are still having deducted even though you aren’t using them. Late fees, account keeping or admin charges for paying monthly. It can also be reviewing your insurances, your health cover and electricity to find extra dollars too.

And then let’s look at your household spending. When you find out the secrets to things like food storage, pantry control and grocery management it can make a serious difference to available cash for things like holidays, clothes and fun activities. Think about using meal planners to manage your shopping lists. How many times do you hit the grocery store in one week? Did you know that on average, you could save $150 every week and take back 6 hours of your time if you plan your meals prior to going shopping and doing your grocery shopping only once a week.

Imagine what you could do with an extra 6 hours and $150 every week!

How you do your banking.

We have seen clients reduce their debt on average by $28, 621 and often more in a year by using simple techniques! The trick is to get your advice from someone who has experience in doing their banking this way. I have even taught people who have worked in the banks for years and they couldn’t believe they hadn’t worked it out for themselves. So if a bank employee can’t get it, you shouldn’t feel too bad about doing your banking the wrong way.

First of all, in an ideal situation, we should consolidate the credit cards and car loan into the home loan – remembering consolidation can be your best friend or your worst enemy – if you learn from the exercise and don’t repeat the same mistakes, it can be your best friend. If you get back into the same situation in a year or so it can be your worst enemy as it means you will need to consolidate again and again using good equity for a bad purpose.

Once we consolidate the loans, we would then look at using some fast debt reduction tactics. Setting up an offset account or better still splitting the loan and have a portion as a line of credit is the beginning. Combine this with a cash management program, or a trackable budget that records what you are spending and compares it against what you budgeted for or planned to spend and you are really on the way to success.

The added benefit of using a credit card for your spending, and paying it out in full on the due date – which means you are using the banks money for free while your cash is sitting against debt reducing your interest is the magic sauce to increase your debt reduction and give you ultimate control over your money.

Is it easy, no… but is it worth it? Most definitely! With the right information, the right tools and the support of a wealth coach to keep it all on track – the sky is the limit.


The 7 things I wish I’d learnt at school… THAT WOULD HAVE MADE ME A MILLIONAIRE BY THE AGE OF 25

1. Where to go for advice

Most people go to a bank for advice on the right bank accounts and loans to have. A bit of a laugh really when you consider their profit margins. It’s like asking the mouse where to put the cheese! I wish I had been taught to ask someone who has money the best way of handling it.

2.  Credit cards are like fast cars

A fast car driven recklessly is dangerous, but treated correctly it isn’t. Credit cards are the same. Most of us just use them to help the banks, but you can turn the tables and use the banks money for free and use your money to reduce your interest. This secret could have saved me thousands!

3. More organised = more money!!

It is a fact that if you get organised with your money, you have more of it. Bills get paid on time, you don’t waste precious money on fines, fees and overdue payments, and you make your money work for you instead of against you. A cash management program accelerates your debt reduction and wealth creation.

4. You can make compound interest work for you or against you

Saving to buy something instead of borrowing can halve the price you pay for most items. This sounds boring to us in this ‘have it now’ world, however, compound interest working for you instead of for the loan company saves you thousands. I wish someone had told me that ‘interest free’ isn’t free at all. The interest has been tacked onto the price – ask for the ‘cash’ price and see.

5. Debt consolidation can be your best friend or your worst enemy

Consolidating credit card and consumer debt onto your home loan can reduce your repayments each month and lower the amount of interest you pay. I wish I had been told to use this extra money to then reduce the home loan much faster, and not fall into the same trap again and again – burning up precious equity that could have been used for investing.

6. The power of separating your life from your investments

There are 1.9 million people in Australia who invest in property, less than 2 per cent get to five properties or more. Why? They don’t keep their personal and investment money separate. I wish I had learned the key to successful investing and stress-free living was to keep these sides quite separate from each other.

7. Don’t assume a home loan is a long term debt

I wish I had been taught that a home loan doesn’t have to be a stone around my neck for 25 years, or best case, if I paid weekly or fortnightly, 17 years. What most people don’t know is that handled correctly a mortgage should be paid off in five to seven years just by doing your banking differently.

7. Don’t assume a home loan is a long term debt

The biggest fallacy our parents taught us is to believe a home loan is a ‘long term’ debt. It’s time to do things a bit differently. Change the way you are doing your banking, follow these seven steps and you will be well on your way to getting out of debt fast.

1. Get the right loan

A Line of Credit or an offset account is my preferred financial platform for fast debt reduction. I also prefer to split the debt into 2 sections, a Line of Credit and a Term Loan. This enables you to have a smaller chunk of debt to concentrate on paying off at first, therefore you can see a bigger result more quickly which will keep you focused and motivated to do more! How do you eat an elephant? One bite at a time!

2. Set up a Cash Management System

The next vital step is to work out what money comes in and goes out. A Cash Management System lets you organise your money so that your proposed spending is less than your income. It is also very important to track what you spend against what you planned to spend. Otherwise your efforts of debt reduction will always be thrown off track by the ability to afford to re-spend these savings on ‘stuff’ and shoot your debt reduction plans in the foot!

3. Use your credit card

Using a credit card for all of your spending, and then paying it out on the due date means you are using the banks money free of charge for up to 55 days. Yes FREE. Most people deposit their money into a bank account, and the banks pay little or no interest. In fact they often charge a monthly fee for the privilege of holding your cash. They are usually sitting on a mortgage with the same bank and paying 6 or 7% interest on the money the bank has lent them. To top it off, they then borrow another few thousand on a credit card and pay through the nose for the ‘short term loan’. Worse still, continue to pay that money again and again, thus making the item they purchased with the card five times more expensive than if they had paid cash! Let’s break the cycle! (sorry, getting off the soap box now!)

Steps 4-7 continued next month…

Download the full eBook by going to:

How five women became empowered to create wealth!

These women did it… you could too!

Suzanne Macks

Back in 2013 I went along to the Women’s Lifestyle Expo and listened to Chris Childs speak about what she did at Think Money and thought, yes, this is for me. As a single woman on a teacher’s wage, plus all those misconceptions you hear about needing a 20 per cent deposit (because that’s what the banks tell you), I didn’t think buying an investment property would even be possible. In fact, as an educator myself, I felt really uneducated listening to Chris speak about finance. I have already bought two investment properties and I am aiming for five in five years and perhaps even 10 in 10 years. I would love to be able to cut down on the number of hours I need to work and live off my investments eventually, which I never thought would happen. I have introduced three other teachers to Think Money because they have heard me talk about how easy and hassle free it has been. My advice would be to just do it. It’s not as hard as it seems, certainly not as hard as quadratic equations that’s for sure!

Christine Pointon

We came to Think Money because we were heading to the age when we needed to start preparing for retirement. We had one investment property but didn’t know what next and how to plan the next 15 years. In six months we purchased another two properties and cut $20,000 off our mortgage. We are absolutely astounded at how quickly it happened.
We went through the process of how debt reduction worked and using a line of credit. We had tried this in the past but they hadn’t worked. The difference now was the support and explanation of how you actually do it, which you don’t get from the banks. When we think about our future now we always smile and laugh because we know we are going to be secure in our retirement.

Diane Jeays

I bought my first investment property when I was 24 and after a few years of holding that property I wanted to look at adding to that. I thought I could go out on my own or speak to someone with a wealth of information to help me make more informed decisions and help guide me through the process. My plan is to build a property portfolio up to 10 properties. I am currently on my second property and considering a third in the near future. For people under 30 I would say that buying property doesn’t have to be a struggle. Certainly you do need to be focused and you need to concentrate on saving to get into the market. But with the right information about how to set up your finances correctly it doesn’t have to be a struggle to hold that property and then be able to buy your next one and the next one. You just need to have the right guidance and information and that’s what I find Think Money provides me.

Anne Dale

Before we became Think Money clients we tried to do some investment properties ourselves. We had three properties, it was the peak of the market and we were trying to sustain them. We were always stealing from our own coffers to prop up the properties which led to the fact that we sold two of them at the banks advice. Managing the holding costs is what we weren’t able to do. We didn’t have the knowledge. Now we have someone who can guide us in the way we do it. Just two years later, we have reduced our mortgage by $80,000 and bought 5 investment properties. So we are looking towards retirement now and know that we will be well planned for the future. I now feel that I am going to have a retirement that’s going to be really, really good and well catered for financially. Having someone to guide you through the maze of finance is really helpful.

Pippa Colman

I have been a Think Money client for about five years, but I “watched” Think Money for two years before I joined, wondering whether I could find the flaws in their system. I could not. I wasted those two years and I regret I did not join two years earlier. Think Money has allowed me to develop a plan for my future. I have goals and dreams which are coming true. At last I know I will be able to retire and live comfortably. The icing on the cake is the wonderful people that I have met at Think Money; Chris Childs and her wonderful team and the Think Money clients. It is so refreshing to mix with like-minded positive people. If you want to be able to manage your money and build a secure financial future through property, go to Think Money. You won’t look back!

And guys can do this too!

John McCutcheon

I have been with Think Money creating wealth through property for a number of years, and a few months ago, Chris asked the question – so why aren’t you looking at the money side of things? I took on the challenge, and I really can’t believe the difference. Once I worked out the sheer waste that was happening in my kitchen, and the ‘wastage and leakage’ that Chris always talks about, I discovered money that disappears, that oozes out of my bank account, yet doesn’t improve my lifestyle and gives no benefit to me or my family. In 3 short months the available money in our personal account increased by $10,000! It has had the same balance for the last 3 years doing it ‘our way’. Thanks Chris Childs – the lights have finally come on!

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