Case Study 1: Arthur and Alexis
Arthur 46 and Alexis 38 are a young professional couple with a 5 week old baby boy. And although both clients were extremely successful professionally receiving six figure salaries each, they still found themselves with a substantial amount of debt on their home and a very large tax bill each year.
What was simply lacking was professional guidance. After meeting with the Option Wealth team both Arthur and Alexis were provided a debt reduction and investment strategy tailored around their specific financial needs – the bi-product of the strategy allowed them greater financial flexibility and freedom, and enabled them to tap into their after tax dollars whilst growing their wealth significantly through investment options.
Having implemented the strategy on the day, Arthur and Alexis will benefit from our ongoing advice and are on track to achieve the following results:
- Debt free home 15.9 year term reduced to 6.3 year term
- Tax savings approximate $72,000 over 16 years
- Building investment equity/wealth of $797,000 over 16 years at 4% approximate growth
- 1 investment property paid off in approximately 9.6 years
Case Study 2: Nicole
Nicole met with Option Wealth primarily because she was lacking an overall plan for both her mortgage and retirement. At aged 52 and single, Nicole felt it was time to take back control of her financial future and her life especially after beating cancer 8 months earlier.
As it stood Nicole was off track and hadn’t really considered life during her retirement phase. Therefore it was important to demonstrate what life could be like if she adopted a wealth creation and debt reduction plan.
Armed with a cohesive investment strategy Nicole was able to gain home ownership sooner whilst providing significant investment wealth that would contribute to her substantial retirement shortfall. As a result Nicole was happier after meeting the team as she felt she had gained clarity on the direction and plan needed for the next chapter of her life.
The results achieved are as follows:
- Debt free home 40+ year term reduced to 10.5 year term
- Tax savings approximate $63,406 over 13 years
- Building investment equity/wealth of $416,000 over 13 years at 4% approximate growth
- 1 investment property paid off in approximately 21 years
Case Study 3: Roger and Mary
Roger 47 and Mary 44 are a couple with two small twin children. Having recently migrated to Australia only a few years ago, they were very much focused on providing their young family with every opportunity possible in terms of good education and to ensure they had financial independence.
Although Roger and Mary had already invested in property they were still looking for guidance around the best way to structure their mortgage and investments. Option Wealth provided a comprehensive strategy, which would not only compliment their existing investment portfolio but also assist them in gaining home ownership sooner. Their dedicated debt reduction strategy helped to expand their wealth and provide their children a legacy. And as a result Roger and Mary were able to achieve the following:
- Debt free home 22 year term reduced to 9.9 year term
- Tax savings approximate $55,000 over 22 years
- Building investment equity/wealth of $1,400,000 over 15 years at 4% approximate growth
- 2 investments properties paid off in approximately 22 years
Case Study 4: Gary and Tara
Gary 38 and Tara 44 are a young couple with two small children looking to set up the right financial foundations for both them and their two young children aged 6 and 4, however what was lacking was a clear strategy and know-how to actually achieve their financial dreams.
Therefore after meeting with Option Wealth and understanding the client’s needs we were able to demonstrate how an investment strategy would support their financial needs whilst assisting them in achieving increased cash flow, tax minimization, mortgage reduction and asset procurement.
The outcome to meeting Gary and Tara enabled Option Wealth to create a personalised plan that suited their specific needs, which ensured they could secure financial freedom sooner by way of investing. As a result Gary and Tara’s current financial situation improved dramatically with the result as follows:
- Debt free home 16.9 year term reduced to 10.8 year term
- Tax savings approximate $83,787 over 22 years
- Building investment equity/wealth of $2,000,080 over 25 years 4% approximate growth
- 1 investment property paid off in approximately 23.8 years
Case Study 5: Matthew
Matthew 41 was recently a divorcee with 3 children and found himself in a position of rebuilding his life both emotionally and financially. Having met with Option Wealth primarily for financial guidance, what seemed a straightforward consultation soon became an emotionally charged consultation when Matthew became increasingly saddened as he opened up on his bitter divorce.
(It can often be the case that a consultation can uncover various insecurities and emotionally scaring challenges, which are brought to surface and can at times cloud a client’s judgement. This is why when our team are assisting our clients, it’s imperative we empower and educate them to make new and positive changes for both them as individual and of course their families.)
As was evident, Matthew had a substantial amount of fear when looking at overhauling his entire financial structure, so it was important to demonstrate and explain clearly what would be achieved with our continued support and expertise.
As a result Matthew trusted in our process and moved ahead, adopting a risk mitigating strategy, which would see him improve his financial situation significantly.
- Tax savings approximate $66,000 over 24 years
- Building investment equity/wealth of $1,069,000 over 24 years at 4% approximate growth
- 1 x investment property paid off in approximately 10.7 years
Case Study 6: Ivan and Petra
Ivan and Petra were clients who wanted the best and were prepared to make any necessary changes to ensure they continued to have a good quality life. After discussing their financial desires it became clear they weren’t on track to achieving them in their desired time frame, therefore our proposal put forth was designed to assist Ivan and Petra in meeting their objectives.
In there current position Ivan and Petra were facing a debt crisis come retirement given their substantial retirement shortfall, plus they were hemorrhaging an obscene amount of money through consumer debts they had inherited from poor investment choices.
The strategy proposed would see Ivan and Petra overhaul their entire financial eco system to consolidate and refinance their bad debts. The result of this enabled them to free up some cash flow and have it redirected back into the mortgage.
The outcome also enabled home ownership sooner and allowed Ivan and Petra to procure another brand new investment property, which would assist them in reducing the taxes and meeting their retirement shortfall.
- Debt free home 6.9 year term reduced to 2 year term
- Tax savings approximate $44,473 over 12 years
- Building investment equity/wealth of $1,671,000 over 13 years at 4% approximate growth
- 2 x investment properties paid off in approximately 12.9 years
Case Study 7: Orlando and Marissa
Orlando and Marissa are a professional couple with two children aged 12 and 13 who wanted to understand their financial potential. Both admitted to being bad budgeters and neither was focused on how much money they were wasting each day by way of interest charges from their bank. By underscoring the need to adopt a sound financial structure that would not only see their investment dollars help reduce the debt on their own home, but also save them thousands in repayments.
As a result the net affect would see them acquire home ownership years earlier. This revelation was so impactful, that Orlando and Marissa were also able to acquire another asset that would provide a passive income throughout their retirement.
Although Orlando and Marissa lacked money management and were actually going backwards financially, they made a conscious effort to adopt the Option Wealth strategy on the day. As a result they regained control of their financial destiny and for the first time had clarity and direction on where they were headed as a family.
- Debt free home 22 year term reduced to 12 year term
- Tax savings approximate $96,000 over 25 years
- Building investment equity/wealth of $1,400,000 over 17 years at 4% approximate growth
- 2 x investment properties paid off in approximately 17.9 years