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 ...
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 ...
"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 ...
A big congratulations to John, Clare and family - our Club Crown Champions for the month of August.
John and Clare joined Crown in September 2010 and since then they have paid an impressive $150,177.64 off their debt!
“We got in contact with Scott after a friend explained Crown’s finance system to us. We were skeptical at first and Scott had to come ...
There is nothing inherently wrong with debt. If used correctly, debt can be a signficant tool to secure assets which can grow a future wealth base and a cashflow income. Carefully used debt, which is reasonably affordable for you to support on your income to acquire growth or income assets, has long been an accepted way to become wealthy over time.
Sadly though, few people have a clear ...
Peter and Maria became Club Members in mid-2013 and since then have smashed a whopping $40,684.37 off their debt.
In the last 3 months they have reduced their debt by $5,439.58 - compared to their previous bank loan taking off only $556.59 in 3 months.
WOW, Peter and Maria - you are making such great progress in becoming debt free AND you are so ...
1. Focus on what you have, not what you don’t have.
2. Recognise that every dollar you save today and every dollar of debt you pay off today, is an important step to the future you deserve. As long as you are moving in the right direction, and making progress financially you are in control of your future. Be patient. You will ...
Over the years we have picked up quite a few things on how we as human beings simply waste money in so many ways.
With so much uncertainty with what lays ahead in the future that is out of our control why not control what is in fact completely in our control? Yet so many of us simply don't get around to it ...