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 1. Prepare a Budgettelling your money where to go instead of wondering where it went. 2. Fix the interest rate.
it depends on individual. 3. take interest-only loans. 4. set up a credit line ( or off set account) 5. reduce tax instalments 6 aim for a reasonable LVR (Loan to value ratio) 7. do not count on unreliable income 8 do not speculate.
slow steady growth is what makes property investment work. 9 look into rental protection insurance.
my personal experience , it is a must. 10. consider income replacement insurance. 11. avoid external partnership. 12. make a will. 13. gain more knowledge 14. do not get too greedy.
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