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Family Home Finance
Married or defacto
Economists often call this stage, DINKS, or Double Income No Kids.
Whilst in the midst of this terrific situation financially, many at this stage don't know that things hardly get better. Aside from the emotional stability, incomes double, and living costs halve.
As people, tending to being so short sighted, we forget that it's important to do what you can at this stage.
Double incomes vastly increases your options and opportunities. Granted, one might be much interested in borrowing say $600,000 or $6,000,000 but also remember that it's not every day that the bank will even consider offering you that amount of money.
What's more important, is what you do with that money.
What's important for you, if your are at this stage, is that this opportunity exists for you now and that you should make the most of it.
Correctly financed and structured, DINKS can go a long way to establishing financial stability and certainly set the ground work for Stage 3.
Imagine missing the opportunity Stage 2 provides and trying to catch up lost ground in say Stage 3 or later?
The longer a couple are in this stage, the better off they financially become. But it is not always your decision as to when you enter Stage 3.
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