Monthly Archives: August 2014

Saving money with debt restructuring

Some people are struggling with their debts not necessarily because they are unabe to repay these but somply because of the nature of the terms of their debt facilities. It may be possible to change these terms and give your financil situation a new lease of life. Bankruptcy does not need to be your only option. Why not consider what...
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Borrowing while in Bankruptcy

Bankruptcy offers individuals who have unaffordable debt a measure of protection from their creditors. Bankruptcy is furthermore a legal status that comes with a range of rules and restrictions, one of the best known restrictions is over the your ability to borrow while in bankruptcy. That is not altogether a bad thing given that excessive debt is usually the reason...
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Do not borrow to get out of debt unless…

I get asked regularly about the best way to beat escalating debt. It never fails to surprise me that debt laden borrowers seek to beat their existing debt problems by taking on new debts. Just imagine if you tried to beat  smoking addiction by smaking more or a weight problem by putting on more weight. Surely it does not make...
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Negative gearing can lead to positive debt problems

Property investment has always been a very popular wealth accumulation strategy in Australia. Its popularity was significantly boosted with the introduction of negative gearing in 1985. Negative gearing offers property investors a measure of protection and tax benefits, as any losses experienced in any given financial year with respect to an investment property held can be written off from the...
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What is your debt mindset?

I have recently attended a seminar where the speaker spent significant time on explaining that our money mindset has a tremendous influence on our financial potential. Whether you do well and prosper or live from paycheck to paycheck, has just as much to do with your money mindset, or more precisely debt mindset, as it does with your ability to...
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