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.
In today's market you are consistently bombarded with banks advertising campaigns enticing you to think about refinancing your current mortgage. So, what is involved with refinancing your mortgage and why should you refinance?
There are many reasons as to why you would look into refinancing your home loan. Refinancing is a big decision and there are usually some costs involved. Below are ...
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 ...
Everyone wants to shortcut the time it takes to save for a home loan, but some shortcuts are more dangerous than others and can risk your ability to secure a loan. Here we’ll alert you to some of the bad practices that can cost, rather than save, time and money.
1. Don’t use a personal loan to cover your home loan deposit
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 ...
How to: New Year's Resolution
Isn’t the Christmas holiday season just the BEST! Balmy summer nights spent overindulging in food, wine, festivities and fun.
“Avocado is extra? Oh go on!”
“$20 cocktails!? Treat yoself!”
Yes, denial was lovely - we’ll give you a moment to reminisce.
NOW, snap back to reality and we’re out the other side. You’re back at work, trying to hide the ...
"There’s no better time than now to invest in residential property.”
That’s the message from more than 1,000 Australian property investors who took part in the 2016 PIPA Property Investor Sentiment Survey.
Up by five per cent on last year, 70 per cent of respondents think now is a good time to invest in property.
Undeterred by media focus on negative gearing and price ...