Premium Finance Stories

Another week goes at Premium Finance and another very happy client passes through my doors.  Had a client this week that had a very messy banking and mortgage structure that had been set up by their existing financial planner.  Unfortunately the structure did absolutely nothing towards helping the client clear their bad debt mortgage any sooner.

After analysing their situation I was able to look at doing a re-structure for them that would now have them owning their family home in just 7 years compared to their existing structure which was going to take them a total of 16 years.   With an approved loan monitoring system they can also track how their debt reduction program is working for them, and be informed immediately when they have a had a blow our month.  that way they can adjust their spending the next month to make up for it.

These people indicated that they were expecting to retire in 12 years but realised this was not going to happen if they still had a mortgage that was going to take them 16 years.  Now they are able to retire as planned and also set up an retirement investment strategy that could conceivably see them still retire within their 12 year plan.  Needles to say, these clients were ecstatic with what I was able to achieve for them in a re-structuring program.

Until next week, have a great week, and as Mr Spock would say “Live Long and Prosper”.

Paul

Well, first things first I guess.  I am pretty new to this high tech blogging world but everyone tells me that it is a lot of fun and you meet a lot of like minded people along the way.  I’ll introduce myself to you first.

My name is Paul Stafford and although I am now getting on in years I like to think I am still pretty spritely of mind.  My role as a Relationship Manager, with Premium Finance Services, keeps me on my toes as a strategist to many clients in helping them rectify one of the greatest disasters the western world suffers from – A Financially Inadequate Retirement.  This problem is in pandemic proportions in most western societies and it should not be so.  Considering the monetary opportunities that present themselves to westerners, we all seem to be so focused on today that tomorrow is never considered until it is almost too late.

I have been teaching and mentoring clients over the past 12 years on the basic principles behind the creation of wealth, and all of those that chose to believe and accept have since exponentially increased their own wealth base.  Time is our best friend if we are doing something, but our worst enemy if we do nothing.

My working life started in the RAAF back in the early ‘70’s as an apprentice aircraft electrical fitter.  This then took into the field of engineering and eventually a Bachelors degree in Electronics Engineering.  Through years of self employment and many successful ventures from printing presses to bowling alleys I eventually became involved in the secrets behind wealth and what made it tick.  After reviewing the hot BRW rich lists the evidence became apparent and I now focus on this with my clients.

My role over the years as a wealth building strategist has been very emotionally satisfying through the satisfaction I have obtained when seeing my clients’ eyes light up once they realise things can be improved over time and retirement can be fruitful.

Hopefully this blog will grow over time with interested parties wishing to learn and I will be updating this blog each week with some great examples of what can be achieved with the right strategy.

Looking forward to chatting with you all as time moves on.

Paul Stafford