Here’s what could you be holding you back…

It only takes 10 years to achieve financial freedom. Or you can have a lifetime of financial stress. The choice is yours.

Does that sound like a challenge? It is! Waymaker, and our financial partners are here to guide you through this journey. Because it is possible for Australians to achieve their financial goals and freedom.

So what is holding us back? Why do only 5% of people achieve this kind of freedom?

There are a few key reasons as to why, but today we’ll focus on the key symptoms.

There are 10 symptoms we’ve identified, that stem from what we call ‘the fear of loss’ — which is our biggest roadblock to achieving financial freedom. The following list are huge money drains….

1. Fear of Super

The media noise can make you think the super system will take our money. This is not true. Super is a stable, government-supported and tax-effective system to build wealth and have more money and freedom in retirement.

2. FOMO & Fees

You can easily get angry about paying fees. Paying tax, advice fees, investment fees, insurance. This holds us back from getting the help we really need to succeed, and also leads to overspending. eg. Buying a car to save tax.

3. The comfort of debt

Using debt to buy things you think might help you get ahead. Eg. solar system, new car, trailers, thermomix, holiday timeshares. These lead to a loss of cash flow and more debt hanging over our head. What happened to spending less and saving?

4. The daily use of credit

Using credit cards to buy stuff now and pay later. Scared to use cash… But you can get stuck in repaying the credit card balance, and overspending. You may even use the excuse that the credit card is ‘more secure’ and protects your money. It doesn’t.

5. Trading instead of investing

Instead of Investing, you want to do trading where you think you are in control. Investing in super or shares scares you. Trading can be deceptive in that it looks like a quick win but it often turns out to be a quick loss.

6. Easily marketed to

Do you find sales people love you? You get talked into buying things based on potential loss, instead of a genuine need. Eg. Upgrade the car now so that you avoid any big repair bills, instead of simply maintaining the car you have.

7. Over consumption

Buying more stuff than we need, and paying for more storage to fit it all. We can tend to keep buying as soon as money comes in and we don't pay off the credit card or other debts that have mounted up. The cycle of credit and consumption continues.

8. Treating your home as an investment

Borrowing too much for a home (more than 3 times your income). It’s easy to talk our ourselves into buying the dream home, something that will keep us from building wealth. We say it’s an investment, but it's actually somewhere to live and the goal should be to improve cash flow and obtain financial freedom. So we keep spending money on the house thinking it will boost the investment. But all this does is chew cash flow that could be going to eliminating the home loan and building wealth.

9. The income trap

We think a higher income will solve all our problems and allow us to rise through the middle class ranks to join the wealthy. The research shows otherwise. Typically when we chase income alone, we neglect planning to achieve our goals and hope that the income will fix everything.

10. The lottery mindset

“When I win the lotto, everything will be okay”. This is a classic Aussie saying, but it reveals a deeper issue of allowing ourselves to be discontent with our finances. Discontentment makes us easy prey for sales, schemes and gambling.

Can you achieve financial freedom in 10 years or less?

Yes you can.

We define Financial freedom as:

Living free from debt, including paid off your first home
Having financial assets that are growing
Having the money to pay for future lifestyle needs
Being free to prioritise time for family, change jobs, and be flexible.

At Waymaker, our Advocacy program gives you the tools, support and training you need to overcome the things that hold you back from achieving your financial goals and freedom.

Our advocacy program gives you:

On-Demand training videos and resources to help you implement a personal financial system.
Tools to take control of your money and build wealth everyday.
A one-on-one Advocate, to guide you through the process, encourage you and keep you on track.
A community of trusted financial experts, across accounting, investing, mortgage broking, business coaching, and more.
A community of other Waymaker’s, across Australia, who are achieving their financial freedom in 10 years.

We have found that when you have a financial system, a 10 year roadmap and the right support — you become unstoppable.

Talk To an Advocate (FREE)

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Do you want financial freedom in 10 years or less?