Prosperity with Olive Tree Advisory

Money Principles

Get out of debt, Stay out of debt

Getting out of debt — and staying out — is essential to building real financial progress. But it’s not always easy, especially with the aggressive marketing from finance companies and how easily accessible debt has become.

15year mortgage with a repayment no more than 30% of your income

Normalise aiming for a 15-year mortgage instead of falling into the 30-year trap. Keep your repayments within 25–30% of your net income — this gives you breathing room in your budget to save for retirement, protect yourself with insurance, and enjoy life along the way.

Live on less than you make

Live within your means by consistently spending less than you earn — it's the foundation of lasting financial stability.

Have insurance in place to protect dependants and income

If you have dependants, it's essential to ensure they’re protected in the event of your death or disability. Life insurance and income protection provide peace of mind, knowing your family will be financially supported no matter what happens.

Have a detailed budget

Create a written budget that clearly outlines your income and expenses, and regularly track how your actual spending compares. Review your finances monthly to identify areas for improvement and stay on top of your financial goals.

Save and invest for a comfortable retirement

It's important to plan for retirement — a time when you may no longer be able to work or earn an income. Setting aside funds now ensures you can maintain financial independence and security in the future.

DELAYED GRATIFICATION

The ability to resist immediate rewards in favor of larger, later benefits. This is fundamental to achieving financial peace and prosperity

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