28. To stay on the million dollar mortgage treadmill or not?
MONEY JOURNEYS - EPISODE 28
What's In This Episode?
New Zealand is a fabulously multicultural place and I often find myself speaking with people who were not born here but have chosen to make this place their home. Today is no exception because Lucas was born in Southern Europe but has called New Zealand home for the last ten years. Lucas had reached a bit of a cross roads. He appeared to have what seems to be the Kiwi dream, a house and a rental property but he has come to realise and understand that for his situation he will need to keep handing over money month in month out to banks to pay down debt in order to make himself and his family comfortable in 25 to 35 years time and the thought of waiting this long actually no longer aligns with his goals in life. Will Lucas stay on the treadmill that is the New Zealand housing market or will he step off?
THIS WEEKS SPONSOR: This weeks episode is brought to you by PocketSmith.