Prepare for offsetting
First things first.... a change of mind set Prepare for offsetting
The main decision that you will have to make when considering an off set mortgage
is whether you are taking out the mortgage to save a little in mortgage interest
or are you going to MAXIMISE the offsetting by changing the way that you
treat money.....?
You will have friends that seem to always have money in their pockets or in savings,
these individuals are too kinds of people Spenders and Savers.....
Spenders always seem to have money as it is visable in that they spend it
in front of you through new things (clothes, cars, holidays etc...), but when you
scratch the surface of these individuals often you will find that there is a big
mortgage on interest only or a series of credit cards burning cash quietly in the
background.
Savers well these friends tend to live in general a modest life but will
seem to have money when buying in particular areas for example these individuals
will only own one pair of jeans but live in a million pound house, these cunning
individuals mange their money very closely ensuring that it is working very hard
for them by utilising ISA's, offsetting, sweeping, begging , borrowing and affiliating.
The trick here is to become a saver by moving your finances and thought process
from compulsive buys and reaction spending to a planned financial process, follow
these steps to start this process:
1. Asses, Review and Revise your outgoings
2. Plan your annual spending.
3. Financial Speculation
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