Invest in rental property to increase wealth and live a debt free life

Over time, you’ll get a lot of advice about increasing your wealth and living a debt free life. But, not all of that advice will be sound. In fact, the majority of the financial advice that you’ll receive over the years won’t benefit you. If you’re looking for sound advice related to increasing your wealth […]

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The Noble Art of Budgeting

Not all of us have what it takes to spend within our means, and therefore before we know it, we are head over heels in debt. However, there is a way around this problem. And, that is ’budgeting’, i.e. allocating budgets to all your important needs as well as those that are not on the […]

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Managing Runaway Expenses

Sometimes things happen that we have not planned for, (such as medical emergencies, loss of overall household income, excessive credit spending etc.) all of which lead to very high expenses and we have no idea how to stem the tide. Month after month, our bills become steadily bigger even as our income remains static. This […]

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How NOT to make Credit your Lifeline

Credit and specially credit cards are often touted as the best possible means of achieving your life’s goals. They are often considered a means of ‘empowerment’ that allow you a degree of financial freedom that would hitherto not be possible if you were to spend entirely within your earnings. However, nothing could be further form […]

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How to Deal with your Debtors

Before we try to understand how to deal with our debtors, let us see what debt is all about and how we can avoid being in this situation in the first place. What is debt Debt (in the financial context) means any amount of money that is either owed and/or due. In a financial contract, the parties to […]

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How to Survive Bankruptcy

Not all of us are born with the financial acumen to remain debt free for life. Sometimes we simply want more than we earn or just want to ‘keep up with the joneses’ or try to impress our spouse or other people close to us and before we know it, we have accumulated debts that […]

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