All in Debt
I’ve been interviewing people for my podcast and every time I do this I learn something new from each and every person I speak with. But a recent conversation really had me thinking because it presented a completely new and different view on how I could help my daughter (or you could help your child) through her tertiary study once she finishes school.
How important are credit ratings? A credit rating or a credit score is simply a rating of how well you manage DEBT. A high credit score is not a badge of honour, it's not an indicator of your net worth or your ability to earn money, it instead indicates how often you have taken on debt (and paid interest) and how well you have paid it down.
People tell me that they are investing quite large sums of money in order to get a return but at the same time they have a mortgage. My short and sweet response is typically that “in my humble opinion, you can’t make money while you owe money”. Once I’ve uttered my opinion the fireworks often start.
I met Ronnie when she reached out to me via email and we struck up a conversation. In this guest blog post, she shares how having a budget has helped to get her finances under control.
I had a chat with a retired couple recently and I was torn between being polite and not too nosey and outright wanting to ask them every nitty gritty detail about their lives. I settled on the middle ground but found myself left wanting.
In November 2016 I wrote about student debt and in that blog I spoke to a young woman who was about to begin a two and a half year course at a tertiary institution. Almost one year on I caught up with her for an update. She had just had a night on the turps so I fed her a high sugar, high fat breakfast as we spoke. Ok, so that part of being 18 still has not changed.
I’m actually not in search of money, I’m instead searching for HAPPINESS. And despite the well worn phrase “money can’t buy you happiness”, I disagree. The two are interlinked and have a symbiotic relationship.
I had a conversation this week with my sister, who had a dilemma. Her 15 year old son, my nephew, has been pushing for the latest iPhone. Its an essential tool of the trade when you are a teenager and he is in desperate need of an update apparently.
