Many of us fritter away a lot of our income when we could be putting it to much better use. In this book, Hannah McQueen gives you the skills to create a surplus and then use it wisely. A mortgage is the biggest expense you'll ever have, and Hannah shows you how to pay it off more quickly, saving hundreds of thousands of dollars in interest payments.Whether you are just starting out and hoping to buy a house, building up your assets, or planning for retirement, this book is for you. It begins with "First things first"—your money personality, how to budget, whether to rent or buy, and how to save for a house or other big ticket item. It moves on to "Kill your mortgage" with Hannah's practical tips on paying off the mortgage as quickly as possible, and how to cut day-to-day costs. "Sort your retirement" will help you ensure you have enough funds for your retirement by creating a cash surplus and investing wisely. This book is not afraid to tackle the financial elephants in the room and discusses tricky issues that may at first be confronting, but ultimately informative and empowering. It is a practical go-to guide on confronting your finances and changing your habits for the better.
There was some good stuff in there, some stuff that is now out of date and not relevant to todays times. Also felt like a lot of information went over my head a little, and wasn’t easy to understand. I also skipped through chapters that weren’t relevant to me either. Nice addition of the templates at the back so I can start looking at my own budgeting.
I thought this was fantastic. Im close to my 50s and working on killing my mortgage. Saving for retirement is something I knew I had to do, but I thought simply owning a house was enough. Ive learned so much that will motivate me to save the money I was spending on the mortgage, rather than spending it on holidays and the like, thinking I had it sorted!
The Kill Your Mortgage chapter is almost half way in so I was surprised it took so long considering most people who pick up the book already have a mortgage. Other than that the chapters on business were helpful and gave some useful examples.
I'm trying to learn more about things I know not much about - this was a pretty accessible intro and interesting enough. Picked up after their webinar was offered at work.
Excellent way to identify your spending habits and overcome some of the mortgage myths. A must read for anyone with a 25yr or 30yr mortgage. 10yrs is the new 30.