Strategy 3 Harness your cash flow to reduce inefficient debt This is the third part in a 9 part series on strategies for dealing with debt in 2009. Many of you will be familiar with the case studies because as a Newealth client we discuss and recommend such strategies to you when looking for ways to reduce costs on your balance sheet and ways to grow your balance sheet wealth. This third strategy is an example of compound interest in reverse. The more often you make a repayment and the more often you make lump sum irregular repayments the more dramatic the interest cost saving. WARNING, all the case studies are examples only and are not intended to be comprehensive or to constitute advice which is why you need to call me to discuss the relevance of the strategy to your particular circumstances. At Newealth we are always looking to innovate and improve our ongoing advice and services wherever possible and if you have any ideas or comments, please feel free to email me at invest@newealth.com.au or to call me on +61 2 9267 2322.
23rd-February-2009 | 
