Anyone who has ever had to pay off a mortgage will tell you they would love to pay it off before the term, but most people will continue to chip away at their loan on autopilot. A proactive strategy can cut your loan term from 30 years to less than half in some cases. Here are 10 ways to own your home sooner.
Why did my Credit Score drop - and how can I fix it?Your Credit Rating (or Credit Score) plays a very important role in determining your eligibility to get a loan. Here we look at the reasons why your credit score may drop and some handy tips to avoid this problem.
Public Liability, Product Liability and Professional Indemnity InsuranceBusiness liability insurance provides protection for your business against the cost of litigation and claims resulting from third party damages or bodily injuries caused due to negligence of your business. In this article we examine the three main types of business liability insurances and how they may apply to your business.
Loss of income insurance: Case Study Rebecca is a single, self-employed graphic designer who works from home. Aged in her mid-30s, she has monthly commitments of a mortgage and car payments and the usual living expenses.
Why life insurance is a necessity in tough timesWith household budgets under pressure ... and consumer confidence weak, many families are wondering whether life insurance is worth the expense. Or maybe it is something they can do without?
Default and ReposessionMost people would assume that a default under a loan contract means that payments haven't been made but, as you are about to learn, there are other reasons why a lender may have the right to repossession.
DIY Review Checklist for your Income Protection InsuranceIf you have an income protection insurance plan already - or are thinking about buying one, then you need to be aware that these policies require regular maintenance and careful scrutiny to ensure that they adequately meet your needs. Unfortunately, many people purchase income protection insurance policies only to find out about their shortcomings at claim time.
Do You Work For Your Money? Or Does Your Money Work For You?A few simple ideas, when understood fully, lead people down the road to financial independence and wealth. You need to understand the difference between and asset and a liability. You need to understand the difference between earned income and passive income. You need to understand the three basic cash flow patterns. Finally, you need to understand how your focus in life ties it all together.
Insurance: The Absolute BasicsInsurance has often been considered by many as a necessary evil. But for the majority of people, insurance offers real security, peace of mind and forms a fundamental platform for a more certain financial future. Understanding the basics of insurance and how it works will be enlightening for many.
The First Law of Money: Wealth Creation Starts With 9 WordsWealth creation is a process described by a few essential laws of money. If you live by these rules, your chance of financial success is very good ... and yet the majority of people will struggle financially as they go through life. Why is this?
Income protection insuranceIt's trite but true to say that, for most people, their most valuable asset is their ability to earn an income. But how relevant is income insurance to most Australians?
Teaching Kids About BudgetingIf you have kids, you've probably already figured out that teaching them how to handle money is one of the most important skills you'll ever teach them. As a parent, there are two critical areas for you to take action to help your kids the most when it comes to money and budgeting.
Your Mortgage - The Ultimate Wealth Creation ToolA mortgage is like the goose that lays golden eggs! You can use it to create a stream of money that's predictable, constant and can finance nearly any investment project. A stream of money that requires no risk, no time commitment, and best of all no effort!
What Is a Debt Consolidation Loan?A debt consolidation loan combines several debts into a single loan that you will repay over a set period of time. You can consolidate personal loans, credit cards, medical bills, and other debts into a single loan. Debt consolidation loans can be a good option if you are having trouble keeping up with monthly payments.
Insurance Claims - The Acid Test for Insurance PoliciesHow well a company handles their processes and the customer experience at claim time is what truly determines the real worth of the insurance policies that are being sold.
Double your Home Loan Deposit in half the timeSaving is never an easy thing to do and saving for a deposit on a home is twice as hard. However, with the right strategy in place, your savings can grow and grow, cutting the waiting time to your own home in half.
Is now the right time to refinance your home?So, interest rates have changed since you took out your home loan and you think it could be time to refinance your existing mortgage? But the entire loan application process was so exhausting during the initial loan that you're not sure it's worth the hassle? Maybe this article will be of help.
6 Hot Tips to Grow Your SuperMost Australians realise that a Government pension won't give them the lifestyle they want in the years when they are not earning an income. The need to save money for the future has become a big wake up call to millions of workers who could take a massive hit to their lifestyle post-retirement due to low superannuation savings.
A very practical guide to family budgetingBudgeting does not need to be complicated. You don't need a master's in accounting. You don't even need a computer ... a simple pen and paper will do!
Make Time For Your Financial CheckupWhen we examine our priority lists, our finances tend to be near the bottom. Yet, when we look at our "worry" list, finances are usually near the top. There are three main reasons why we don't make finances a priority
4 Tips For Reducing Your Insurance Rates DramaticallyThere are many different ways you can save in different insurance policies. However, some things that will help you save in one policy will have no bearing whatsoever on another policy. Here are things that will help you save across all insurance policies.
Budget Creation StrategiesImplementing a budget is an essential component to succeeding in money management. A budget will allow you to determine exactly how much money that you have, what debts that you have, highlight the cost of any excesses that you may indulge in - and provide a general perspective of exactly where each and every penny that you possess is going.
3 Simple, Effective Tips For DIY Debt SettlementHere we share 3 simple tips to eliminate your debt problems... so you can move on with life without the constant financial stress of dealing with creditors and collection agencies. To get out of debt, though, you do need to put in a little effort, and that's where understanding the process comes in.
12 Reasons Why People Don't Get Wealthy Anthony Robbins is one of the top success coaches in the world, having coached star sports players, heads of states and Fortune 500 executives. In his Get The Edge program, he listed 12 specific reasons he has come to observe to be the leading causes for most people's lack of wealth.
Financial OppressionHere is why so many people are in despair and suffering emotional problems related to debt. A candid explanation of how interest affects your daily life.