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Debt Management

Debt is not a dirty word! It can actually help you - if it's the right kind of debt.

Things to consider

On one hand, there is good debt where you borrow to invest and your investment grows in value or earns money. Good debt actually works for you. On the other hand there is bad debt where you borrow for a car, boat or use a credit card to buy items that depreciate in value and don't earn you any money. You lose twice here - the capital value and the interest you've paid.

That's why before you start accumulating assets, it's important to check what you owe - how much, in what form and at what interest rate. Then you can see whether you can arrange your debt more efficiently.

It is important to note that even if it is a good type of debt it may not be appropriate for all clients. 

How we can help

We can:

  • Review and analyse your current spending patterns.
  • Review your financial commitments and debts.
  • Identify your opportunities to save money.
  • Construct a budget with you.
  • Help you consolidate your debt effectively.
  • Recommend savings or investment products to achieve your goals.
  • Review, recommend and arrange appropriate insurance.
  • Look at ways of turning bad debt into good debt.

Do you know what features you have with your home loan?

For more information on debt management strategies, contact us to arrange a free initial interview.

The Wealthsure AFSL applies to financial product advice only. Please note Mortgage Brokering, General Insurance, Accounting, Legal Document Drafting, Taxation, Real Estate and Business coaching are not considered to be financial products.

The information contained within the website is of a general nature only. Whilst every care has been taken to ensure the accuracy of the material, Connect 4 Financial Services Pty Ltd will not bear responsibility or liability for any action taken by any person, persons or organisation on the purported basis of information contained herein. Without limiting the generality of the foregoing, no person, persons or organisation should invest monies or take action on reliance of the material contained herein but instead should satisfy themselves independently of the appropriateness of such action.

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