A recent study showed that 39% of Australians wouldn’t have enough savings to maintain their lifestyle if they lost their income for 3 to 6 months. In fact, an alarming 17% would find it diffi cult to get hold of $500 to $1,000 in an emergency. For millions of Australians, maintaining a lifestyle simply means paying the mortgage and keeping on top of the bills – not everyone takes an overseas holiday every year! When taking out a mortgage – which for most of us, is the largest amount of debt we’ll ever have – just ‘hoping’ for the best isn’t likely to pay the bills or mortgage should the unexpected occur. Home owners need to take control of their destiny and consider the potential consequences and stress that just ‘hoping’ could inflict. …read more