Be Money Wise project

Be Money Wise project The Be money wise seminar is a ground breaking project to help young adults entering the real world to make sound financial decisions.

I started this page as a business / blog page. My company assist over-indebted individuals or people to consolidate the debt. We are currently only doing consolidating debt into the client home loans in order to free up money. I also decided to use this page to bring over some of my financial insight.

Need help?Save you property from AuctionWe offer real debt solutionsWe buy your property for cash.We help your become fi...
07/07/2017

Need help?
Save you property from Auction
We offer real debt solutions
We buy your property for cash.
We help your become financially stable again.
Looking to invest in property but needs help?

Question: What is the difference between good debt and bad debt?One of the most common answers I would get is that a cre...
29/09/2016

Question: What is the difference between good debt and bad debt?
One of the most common answers I would get is that a credit card or personal loan is bad debt. Whereas a home loan will be considered good debt.
I completely disagree with the description above.
Let me give you a good example by what I mean by this. One of my friends is a part time car dealer. He has an overdraft facility of R 150 000 and a credit card facility of R 80 000. He only use the money from these facilities to buy in vehicles. Once he sell the vehicles he replace the money into the facilities and utilise the profit to build capital and for personal use. So the real truth of good debt and bad debt is not the type of debt you making, it is the purpose for what you use the credit for.
Bad debt: Is when you utilise a credit facility to purchase goods or services for gratification. The purchase does not offer any monetary return.
Good debt is when you utilise a credit facility to enhance your potential to earn income from the investment or enhance the potential of increasing your income.
“O”, investment in property can be turn into bad debt if you don’t know how to do it properly.

28/09/2016

Hi guy sorry for not being more in contact, Business is keeping me busy. I realize that I need to set time aside to do this.

25/09/2016

Hi guys. Just to make people understand that the financial tips and advise that I will be sharing will be in stages. Some information may sound mundane but you need to understand that I am catering for people from all walks of life Example some logical financial decisions for me might not be so apparent for someone else. The further I go the more complex the information will be come. But if you follow my post you would be able to understand. Use the comment section for questions. You can inbox me also with a private question, but you need to give me an idea to what post or subject matter you referring too.

23/09/2016

I have a rental available in Grassy Park in Ferndale Rd

2 BEDROOMS, KITCHEN BATHROOM TOILET

The requirements is to e-mail the following documents to me and I will arrange a viewing of the property there after.
1 copy of I'D
2. 3 months bank statements
3. Latest salary slips

E - mail [email protected]

Price R3550 excluding electricity but including water

Follow this page for other rentals and for bargain properties for sale.
Receive daily free financial tips and advise

21/09/2016

My questions for today is. Why consolidation? What is the pros & cons?
The main reason for consolidating your debt is to create cash flow. People use up to 70% of their income to pay their debt. They use the revolving credit like the overdraft facilities and credit cards to supplement the shortfall for living expenses. The main pros for consolidation is that it can free up your income. The cons of consolidation is that it is long term a more expensive endeavour, unless you have a sure action plan. If you fall back into the process of utilising credit you can find yourself in a worst position. I believe in consolidation as it can be a great tool to help people get back onto their feet, but they should get the right support and advise to help them navigate the negative pitfalls that goes with consolidation. My company offers the necessary support and advise to our clients who decide to follow the consolidation route. We do not leave clients to their own decises. We navigate with them the pitfalls.

20/09/2016

. I started this page to offer my services to assist people who struggle with debt. I help over-indebted people to consolidate their debt into their home loan. A lot of people out there will disagree with this but if you have the correct support structure it can be the best thing since baked bread. From tomorrow I will also offer some advise and tips on how the money system work and how to sometimes use the money system in your favour. So like my page and comment on my post. I would like to hear from you.

Address

Cape Town

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

Telephone

0741343371

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