No free lunch when it comes to investing or borrowing
When investing or borrowing, the promise of crazy returns or interest rates significantly lower than the competition is most likely a lie.
The promise of crazy returns will often result in the loss of your investment and exceptionally low-interest rates usually come with hidden fees. There is no free lunch.
Implementation and cost
Stay away from ‘get rich quick’ schemes or loans with interest rates that seem too good to be true.
Visit ASIC to learn what to check before choosing a lender or investing.
Similar posts you may like
- Establish a Family SMSF
A self managed super fund (SMSF) is a superannuation trust structure that provides benefits to its members upon retirement. The main difference Read more
- 2009 – China’s Pro-cigarette Smoking Tax
The People’s Republic of China is the world’s largest producer and consumer of tobacco. China produces 42% of the world’s cigarettes, has 350 million Read more
- The Clock Tax of 1797
The Duties on Clocks and Watches Act 1797 was an Act passed by the Parliament of Great Britain instituting a tax on clocks and Read more
- Use your mortgage for long term debt
Many of us have credit card debts that we never seem to pay off. We intend to borrow the money for short term purchases Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2