Sure, this outlay might be fun and it could even result in a winning hand - but it has every chance of being a loser too, especially when it comes to your property plans. That means cutting back on luxuries such as Lotto tickets and regular punts on greyhounds, horses, or sports matches. Yes, Kenny's new mate on the train has it right again with this advice.Īs someone now looking to purchase a property, you've got to play this financial game right - and smart. If you're gonna play the game, you gotta learn to play it right Know when to walk away and know when to run. So, aim to throw away Lotto, Sportsbet, and all other similar gambling outlays. Yes, you might 'only' buy one Lotto ticket every week, or have a Sportsbet account that you top up 'now and then' - but such small items can add up quickly, especially when you add a daily takeaway coffee or a restaurant meal to these purchases.

The secret to surviving in the property-buying world is knowing what expenditures and dreams to throw away and knowing what to keep.Īnd, when it comes to buying a home, gambling should be thrown away. The stranger on Kenny Rogers' train knew what he was talking about when it came to both gambling and property buying. Know when to hold them, know when to fold them They spend a lifetime reading people's financial faces and when it comes to mortgage applications, they know exactly what these people's property-buying cards are, just by the way people hold their eyes - otherwise known as their bank statements. Lenders are pretty smart when it comes to money. Seriously regular gamblers who want to buy a home will need to drop their punting habits sooner rather than later.

Gambling bank statement mortgage