No free lunch when it comes to investing or borrowing

No free lunch when it comes to investing or borrowing

free lunch

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

  • Seven Recession-Proof Businesses

    The best recession-proof businesses sell a product or service that is necessary or legally required. This is to be contrasted with nice-to-have purchases or Read more

  • 1767 – Townshend Revenue Act

      On 24th May 1607 the British Virginia Company landed their three ships near the mouth of the Chesapeake Bay area on the banks Read more

  • Upselling

    Upselling can involve marketing more profitable services or products, or just exposing the customer to other options that were not considered. Upselling is more Read more

  • Taking control of personal income tax

    Income tax is money paid to the federal government based on the amount of money you earn in a financial year less the expenses 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