Debt Management

The saying, “Debt is Good” is correct!! Provided it is managed and has a real purpose in a person’s lifestyle and wealth creation.

It is very wise to pay out a home mortgage (principal place of residence) as early as possible because the interest paid on that loan is not a tax-deductible debt.

Credit card debts are a real concern today as people’s spending habits increase beyond the level of earnings. Management of spending, and in particular Credit Card usage is critical as people tend to lose track of their spending until a statement arrive … by this time it’s all a little too late.

There is no simpler way to manage debt than to know, what and where your spending is.

We believe investment debt is ‘Good Debt’ but would not be recommending this unless you have completed a ‘Personal Lifestyle Budget’, have your spending habits well maintained, and have a sound investment strategy that is matched to your Risk Profile and structured to achieve your goals and objectives. Be responsible when borrowing to invest!!