Debt Management
Managing your finances to meet your everyday requirements as well as your long-term goals can be a daunting and complex task. There are all sorts of issues you need to consider such as taxation, legislation, protecting your wealth and assets, associated costs and the inherent risks of investment.
When compiling a financial plan it is important that you understand how these issues will impact on you and what you should expect over time. If used properly, debt can be a very useful tool. Debt can be used to buy investments with potential to grow in value, like a house, shares and property. This strategy, known as gearing, may help you to build an investment portfolio faster than you could have otherwise. To help repay the loan you’ll have income generated by your investments and possibly some tax deductions.
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