Buying your first car is an exciting milestone, but at the same time, it can also be a daunting, exhausting, and confusing experience, particularly when buying a new car, a common issue is the way people pay for it. A car loan can be a serious financial commitment, second to buying a house, so it’s […]
Dealing with over-indebtedness Debt can create a snowball effect that generates even more debt. When debt repayment pressure becomes too much to handle and you cannot meet all your monthly obligations, you are officially classified as “over-indebted.” Let us take an example: Say you earn R20,000 per month, but your expenses and debt repayments add […]
One young woman who was drowning and floundering in debt was able to lift herself out of the financial doldrums, by taking steps to remedy her situation, and by making changes to her bad money management habits. She made some smart financial moves, and now her future looks brighter and more promising than ever. Well, […]
Today I need to walk you through, understanding the Debt to income ratio so you see how significant the debt load you are carrying is. I will likewise show you how to calculate it. These are the basic indicators that the credit providers’ lenders additionally take a look at before they grant a loan (advance). […]
“Your giant, your obstacle, your problem is a gateway to your significance and promotion“ Rick Godwin There are two kinds of people, those who earn interest and others who pay it, unfortunately those who pay it, do not understand the value of it, because they are ignorant“ Albert Einstein My description of Debt can be […]
“Life begins when you get out of the grandstand into the game – be a player. Life is not a spectator sports – get into the game, love the game, get dirty, make mistakes, take knocks, train hard, play hard, make your mind strong, make it better.” Anonymous We are meant to hold decent conversations […]