Financial Health Coach Chris Folland is answering an infrequently-asked question this week.

Over to Chris…

Today we’re pondering on an interesting one – to make a difference in someone’s life, does it need to be a huge amount of money?

Does it have to be a million dollars, or could it be as small as $100 per month

As I was thinking though this one, I thought about side hustles, and I researched the result of earning an extra $100 each month. I considered the impact of, say, adding it to your mortgage payment. 

For example, consider what would happen if you had a $400k mortgage at a 6% interest rate (since they’ve been historically low recently) over a period of 30 years, and you added that bit extra to add to your monthly payment

I thought it might help a little, although it wouldn’t necessarily make that much of a difference.

That’s when I did the maths.


You might be surprised too!

It would actually save you $55k and pay off your mortgage 3 years faster. 

Look at the difference that you can create in your life with just $25 per week! 1 

Just for the heck of it,and just because we can – what if it was more? 

Paying an additional $200 per month toward your mortgage would save $97k and pay it off 4.5 years sooner!

We can easily see that it doesn’t have to be a huge amount of money to make a difference. 

Here’s our next question – is it possible for the average person to make $100-200 extra per week in a side hustle? 

The answer is yes, absolutely it is! It’s totally doable, we’ve done it and now we even offer this type of business coaching to those who are ready to progress. 

By the way, that example we used just now keeps going – check out these numbers… 

…adding $1k per month to your mortgage ultimately saves $256k and pays it off in half the time – just 15 years. 

Adding $2k per month saves $326k and pays it off almost 20 years sooner

It just shows that you can make a difference with whatever amount you choose to apply. 

Remember, adding an extra $25 per week to your mortgage payment saves $55k! 

That’s a HUGE impact on what is the most expensive purchase in most of our lives. 

Even if you don’t own a home, you can do the same thing with investment as real estate and stock markets experience similar returns.

So, will only a million do? 

Maybe we just need $25 a week. How about that?

If you’d like to talk about how this might work for you, please go ahead and message me, and remember to join us for this week’s #AliveWithFi when we dive deeper into this revealing topic.

Ciao for now – wishing you a fantastic day ahead ☺

1 It may seem surprising although “you can do a lot with a little money—even as a beginning investor. If you have $1,000, $100, or even just $25, you can start investing today—right now, in fact!” The bottom line is that “you’re never going to get rich if you don’t invest in some form.” 

The benefits come when we get on the court rather than sit in the stands!

How to Invest with Little Money (Just $5 A Week!) | Millennial Money

“How to Invest with Little Money”  

G. Sabatier, (2021)

Fi Jamieson-Folland D.O., I.N.H.C., is The LifeStyle Aligner. She’s an experienced practitioner since 1992 in Europe, Asia and New Zealand as a qualified Osteopath, Integrative Nutrition Health Coach, speaker, educator, writer, certified raw vegan gluten-free chef, and Health Brand Ambassador.
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