catherinechen 发表于 18-8-2015 20:41:51

some tips on Financial Management by Jan Somers

To share some useful tips on Financial management , from the Book More Wealth From Residential Property by Jan Somers

catherinechen 发表于 18-8-2015 20:43:43

1. Prepare a Budget
telling your money where to go instead of wondering where it went.

catherinechen 发表于 18-8-2015 20:45:21

2. Fix the interest rate.
it depends on individual.

catherinechen 发表于 18-8-2015 20:46:05

3. take interest-only loans.

catherinechen 发表于 18-8-2015 20:46:43

4. set up a credit line ( or off set account)

catherinechen 发表于 18-8-2015 20:47:17

5. reduce tax instalments

catherinechen 发表于 18-8-2015 20:48:13

6 aim for a reasonable LVR (Loan to value ratio)

catherinechen 发表于 18-8-2015 20:49:12

7. do not count on unreliable income

catherinechen 发表于 18-8-2015 20:50:58

8 do not speculate.
slow steady growth is what makes property investment work.

catherinechen 发表于 18-8-2015 20:52:13

9 look into rental protection insurance.
my personal experience , it is a must.

catherinechen 发表于 18-8-2015 20:52:57

10. consider income replacement insurance.

catherinechen 发表于 18-8-2015 20:53:40

11. avoid external partnership.

catherinechen 发表于 18-8-2015 20:53:59

12. make a will.

catherinechen 发表于 18-8-2015 20:54:37

13. gain more knowledge

catherinechen 发表于 18-8-2015 20:55:09

14. do not get too greedy.
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