LUCIANO AND MELISSA FIORO
A Single Income Family who created over $300,000 in capital growth
& $63,000 in cashFLow in just 3 Years.
“Every time we looked at the property market we felt like we just couldn’t touch it. Then we brought in Anthony from Wealth for Life. In three years since starting, we’ve bought three investment properties, paid off our own home, bought a brand-new car and have money in the bank. We are in a much better financial situation and we’re now looking at selling our home to move on to our dream home.
We should’ve done it ten years ago, all those years of giving so much tax money to the Government. I want other people to feel comfortable in doing what we’re doing and have referred friends and family to Wealth For Life, telling them to start!”
Luciano and Mel Fioro
Investors and Clients
Luciano and Melissa and their little boy Rocco live in the western suburb of Kings Park. Luciano was working a carpenter and Melissa was a stay at home mum handling school duties with son Rocco. Luciano was earning an income of $120,000 per annum but having to work close to six days a week, having very little time with family as a result.
Investing in property was something that never crossed their mind as they raised with the belief that all debt was bad and any debt accumulated should be paid off as fast as possible.
Wealth for Life mapped out a passive income goal and a clear strategy forward. We refinanced their existing home with a better interest rate, saving them approximately $7,500 per year in the space of two hours. We agreed to kick off the portfolio by investing in two properties and setting up a Self Managed Super Fund (SMSF) with the aid of our financial planning team. We provided them with an accountancy firm that would best suit their needs and some overdue estate planning with one our highly sought after solicitors. Our property managers took care of their investment properties sourcing tenants within 24 hours of taking ownership.
Luciano and Melissa are destined to retire at the age of 60 each with a passive income stream of $160,000 per annum for the rest of their lives. They will also be debt free and are living in their dream home.