Most people (including me!) at some stage in their life will have to deal with debt - it's a fact of life, no matter where you come from. There are three different types of debt:
Good Debt that will eventually being you a positive return, such as investment debt.
Bad Debt that keeps you in a cycle of owing money, such as your own home loan.
It's a line that has been said by many across the years in different ways. In the 1800's, Lord Kelvin said "To measure is to know." More recently, management guru Peter Drucker said, "If you can't measure it , you can't manage it." But my favourite line is from H. James Harrington:
"Measurement is the first step that leads to control and ...
These days, owning your own home is no easy feat. You need to save for a deposit, get the right loan and find the perfect home. Not to mention having the time to enjoy the simple pleasures in life, such as a delicious smashed avocado on toast. By following the steps below, you can move from being a 'home dreamer' to 'home owner' and ...
For the last few years Perth (and indeed, most of the world!) has seen a drop in the value of the real estate market, but new figures out this month from REIWA are claiming things are on their way up – have we finally bottomed out? What does this mean for prospective buyers?
The "Facts & Figures"
According to REIWA, the Perth property ...
The fastest ways to cull your credit card debt in 2017
Source: Sophie Elsworth, News Corp Australia Network www.dailytelegraph.com.au
January 29, 2017
THE financial pain that follows Christmas is about to be felt by those credit card customers who splurged over the festive break and left themselves with an oversized plastic bill.
While Christmas credit card debt hangovers are not a new thing, many card users ...
Most weekends when hanging out with my friends I regularly overhear them griping about how they never seem to have enough money.
So, I actually decided to ask one of my friends what he thought would be the solution to his never ending problem of 'insufficient funds'. He (just like 95% of the people who I ask) responded that if only he ...
According to a recent study by Roy Morgan Research, around 60% of Australians dislike Christmas shopping, only 20% plan their spending and nearly 75% often come home from a Christmas shop without a single purchase!
How to avoid the Christmas Budget Blow Out
We’ve all done it. In fact, I’d say the majority of us probably do it every year!
You leave your Christmas planning ...
Accidents and emergencies happen to everyone, and many times they happen when we aren’t prepared financially to handle them. In those moments those ‘problems’ can quickly go from a bad to situation to a BIG problem!
The emergency fund is a reserve of three to six months of expenses that you set aside to cover any sudden costs such as a car break down, ...
Do you sleep soundly at night, knowing that you’re well-covered across all areas of your life? According to Lifewise, Australia is one of the most underinsured nations in the developed world, with over 80% of us not having adequate insurance to replace our home and contents if it were damaged in a fire, flood or another accident.
In fact, recent research showed ...
Over the past 13 years I’ve helped thousands of people improve their financial position. Along the way I’ve discovered what the key is to you being able to retire early and financially secure.
It is NOT how much you invest or what percentage return you get on your investment that determines how quickly you can retire and become financially secure. The most important factor of all ...