The word ‘debt’ cops a bad wrap, in my opinion. Mention debt, and our minds tend to jump to the negative connotations of the word. And rightfully so. ‘Bad’ debt is exactly that – not great. Meaning, any debt that’s not going to make you money over the medium to long term (aka building your wealth) is something you want to avoid like the plague. Well, as much...
Before you buy your first home, the thought of taking on a sizeable mortgage can be pretty daunting. I totally get it. I felt the same prior to taking the plunge and buying my first property back in 2007. There’s something about the psychology of borrowing such a large amount of money and paying it off over such a long period of time if, like...
Being in debt on your credit card isn’t much fun. If it’s manageable and you’re confident you can pay it down quickly, fine. On the other hand, if you have a couple of cards and you’re heading into the five-digit territory, there’s always an inescapable feeling that lingers around until you’re in the home straight of paying it off. It’s a feeling you wake up to every...
