How to Achieve Positive Money Mindset for 2023

How to Achieve Positive Money Mindset for 2023

Your money mindset and relationship to money will significantly influence your financial decisions. The goal at Gail Sylvester Mortgages is always to make sure you sleep well at night by making calculated decisions that get you one step closer to your financial goals.

If your financial decisions and payments are keeping you up, it is time to make a change.

Assessing Your Risk Tolerance

Your risk tolerance will greatly influence your money mindset and your ability to manage economic changes. We all know inflation has affected the cost of gas, food, entertainment, travel, and, well, just about everything. Increased mortgage payments will impede your ability to live comfortably if your finances are already stretched. If you can ride the wave and stay calm through the changes, it may be worth sticking to your current mortgage and deciding if you should change at renewal time. If not, it may be time to contact us to explore your options. We are always here to help and the good news – there are always options!

When is the Right Time to Make Changes?

There isn’t a sweeping answer, as each client has their path to walk. We understand each client has unique financial goals and desires, and we work with you to determine what those are and how your mortgage will complement your entire financial picture. As your mortgage broker, we understand money mindset includes many different aspects of assets and liabilities. Some are short-term decisions, and some are long-term goals. A mortgage is not just an in-the-moment payment like a credit card or line of credit. It is a payment that needs to be considered over the long term and has terms and conditions that fit into your financial picture for the future.

If you have the means and tolerance to stay in your current mortgage, you can choose wisely. At Gail Sylvester Mortgages, we will assess your options and consider which option best suits your current and five-year financial plan.

Is Your Money Working For You?

A healthy money mindset includes a strong sense of what you are making and how your money works for you. If you feel your money is not helping to build your wealth and increase your net worth, either by paying down debt or being smartly invested, you will always be confident in your choices. To determine the best way to manage your entire financial picture and achieve a positive money mindset, working with a professional who has your best interest at heart is the way to go!

We at Gail Sylvester Mortgages are only happy when our clients are happy. Contact us today to explore your options for 2023 and create a plan to ensure you sleep soundly at night as we embark on a new year of new possibilities.

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