We started in early 2009 with the aim of helping people make sense of money and only take mortgages, loans, and credit that they can pay back reasonably. We are basicaly working on products and techniques that will help you save a lot of money and get great bang for the buck.
We firmly believe that the 'buying things on credit' lifestyle creates undue stress and long-term repurcussions. We strongly advocate a zero-credit policy. The only exception is on home mortgages, for which, we advocate paying 25% down, and having the ability to pay off the mortgage in 3-10 years.
Thanks for visiting.
Here are 7 golden rules -
1) Never take a mortgage loan or a commercial loan that is greater than 3 times your annual salary.
2) Never take a loan out of your home equity.
3) Save at least 20% of pre-tax earnings.
4) Never use credit cards. If you do, throw them away and pay off your loans as soon as possible.
5) Never leave anyone else in charge of your money or with access to it. Not even your spouse or siblings.
6) When working with money make sure to not act based on fear or greed. Greed is when you think you can make an amount of money disproportionate with the amount of effort, smarts, and hard work you put in. Fear is when you act out of emotions of fear and fear of losing money rather than from a position of logic and reason.
7) Enjoy your money yourself i.e. buy the things that you really want, use your money to do the things that you really want, and always keep a nest eg. For every two years of your working life, you should put aside enough money for 1 or more years of your retired life.
