00:00see if you come to Australia in the last 10 years and you bought the property in
00:06the last five years I highly recommend you listen to what I have to say now as
00:12a migrant you know we all know most of us are either 10 to 15 years behind now
00:19when it comes to earning an income or planning our financial future and what
00:23ends up happening is because most of us end up coming to Australia in their
00:2830s or 40s what this means that between now in the next 20 to 30 years is the
00:34time you've got to essentially plan your financial future now because I've lived
00:40in this country for the last 22 years I've observed a lot I've seen a lot when
00:44it comes to what financial cycles look like when it comes to investing
00:49especially real estate and if you're a migrant like me usually it's very
00:54important to understand what your current circumstances are when it comes
00:59to especially looking at your home loan and and where it stands but also
01:04important to understand how long will you take to pay off your loan now different
01:10mortgage brokers have different take on it because I've had a different business
01:13background and I've worked in a in a different industries over the last
01:18period of last couple of decades you tend to have a different perspective on
01:23what what really investing is about right let's let's face it the truth is
01:31that in Australia we live in the most expensive country in the world our cost
01:35of living generally is high across the world but usually Australia because we the
01:41in Australia has quality to offer so what should a migrant like you and me do
01:45there are certain strategies that I believe are very important when it comes
01:49to freeing yourself financially especially one of them is your home loan and if
01:54your home loan at the moment is sitting at between five hundred to say eight
01:58hundred thousand dollars and you are in your mid thirties or mid forties it is
02:03very important that your focus about investing lies in understanding how to
02:10maximize your return on investment but at the same time making sure that you are not
02:14passing on your debt to your children because most families like us who have
02:19children who will be in their twenties or thirties by the time we are in our
02:24sixties and chances are that if you're not cleaning off your mortgage well before
02:28that what that means is that that you may be in a position either to sell your
02:34property and downsize which you may not want to do you because you created all
02:39these memories in this in this house and property after a certain time when you
02:43spend so much time in it it does become there is a sense of emotion attached to
02:47that property because you created so many memories on it so why do I say these
02:52things I typically like to engage in a conversation with our clients on
02:57understanding what they really want out of life what what they are trying to
03:01achieve and it is very important for for you to understand that when you speak to
03:05somebody a professional like myself who has an understanding of what your
03:09personal situation is oh he has been in your situation I've been in your
03:13situation of being a first home buyer and what it feels like to be an investor
03:17what any journey of an investor is when it comes to property shares and all that
03:22sort of stuff so so when you speak to somebody like myself these are the
03:26perspective that I like to share with everybody or and and helping you clarify
03:30what you really want to achieve out of life and how I can relate it back to the
03:33strategy around structuring your loan correctly or making sure that that
03:39however you want adjust your lifestyle as you grow older in Australia how can
03:44you continue to be smart about diversifying your portfolio and how can
03:48you make sure that that the day when you don't want to work anymore you have
03:54enough income to sustain yourself so if you've been with me so far thanks a lot
03:59for watching and I look forward to speaking to you at the other end thank you bye
