"The Banks Are Lying To You" - How To Save $479K In Interest On A $500K Home Loan: The Money Mentor, Graeme Holm
Description
Graeme Holm is Australia's Original Money Mentor. He is the best selling author of "The Money Mentor: How to Pay Off Your Mortgage in as Little as 7 Years Without Becoming a Hermit" and is the Founder of Australia's largest brokerage firm, Infinity Group, which now houses over 200 passionate and dedicated staff that are changing the lives of everyday Australians by allowing them to minimise their debt and maximise their wealth.
Graeme has gained popularity online for his no BS approach to finance and his motto FTB (F*** The Banks) but it isn't just his brash way of speaking that has Graeme so popular with his clients. Graeme was rated the number 1 Finance Broker of the Year 2022, 2023, 2024 via rate my agent (just some of the hundreds of awards he has won for demonstrating excellence in his field).
While Graeme is financially set for life today, his life as a child couldn't be more opposite to what he experienced as a child. At just 6 months of age, Graeme experienced horrible domestic violence to which he has had 4 seperate nose reconstruction to try and correct. Him and his single mother moved around housing commissions estates in the Wollongong area until his was old enough to get a job and move out.
After a decade of experience in the Big 4 Banks of Australia, Graeme realised how broken and corrupt the financial system was in Australia which gave birth to Infinity Group and his missions to revolutionise the entire industry and give the power and tools back to the people so they can live a life of financial freedom.
In this episode:
Personal Accountability: While the current state of inflation and the property market paints a grim picture - Graeme breaks down exactly how "it's not as bad as you think" for most...The psychological impact of financial stress on children (and how that still impacts you as an adult).How Graeme went from a domestic violence victim that grew up in housing commission to a a personal net worth that would make your eyes water."You Can't Out Save The Australian Property Market" - Why you need to get into the market sooner rather than later + The grants, schemes and incentives that can help you do just that.How home loan repayments really work and how much interest you end up paying on a 30 years mortgage (MIND BLOWING 🤯)Offset Account vs Redraw Account: Which type or Mortgage is best for you depending on your individual circumstance.
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