So many things have changed in the last four decades, and yet so much has stayed the same. Financial planning has become an entire profession and is no longer just a bunch of salespeople selling insurance. It’s evolved into a profoundly nuanced practice, and those of us who are continually advancing our professional development are...
We all have reasons for doing things. It might be because we’re sticklers for following rules, or perhaps we avoid difficult situations and emotions by constantly focusing on the positives. Maybe our motivations come from a restless spirit or a drive to keep control and order – but for some of us, we become people...
As 22seven recently published on medium.com, “Always think twice before you buy something on credit or take out a loan.” Here’s the thing to remember with credit – it’s just a nicer way of saying that you’re spending money you don’t have. In other words, you’re using someone else’s money to fund your current lifestyle....
A balloon payment (also called a residual value) is quite simply an amount of money that is still due after you’ve finished paying your monthly instalments. The goal of structuring a loan with a balloon payment is to make it more affordable on your current cash flow, making it very attractive. They are ideal for...