have a plan B in case you don’t have enough cash flow to meet your debt
That is, if
your cash flow doesn’t turn out to be as strong as you expect, how else will
you reduce debt?
sometimes borrowing more now is the best solution to having fewer borrowings in
example, if a client has a very large home loan, often I will recommend
borrowing to buy an investment property.
is that at least it gives them something to sell in the future (and they can
use the net cash proceeds to reduce debt).
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Wednesday, 1 November 2023