NO SAVINGS …. Don’t know why?

Don’t despair help is only a call away.

A brief introduction to the Company Director.

I have been an established mortgage broker for the past 8 years. This was an easy career move considering my personal history of savings and budgeting as I had a strong understanding of the different ways in which to reduce debt. Using this knowledge I was able to assist family and friends in making choices about which loan type would best suit them.

However, since the global financial crisis at the end of 2008, I have recognised that in my efforts to help customers either refinance or obtain a new loan that in fact most were already heavily committed to debts such as credit cards and personal loans and they were already struggling to reduce these existing commitments let alone take on new ones.  I believe that I have a different approach to lending than most of my colleagues in that I believe in sustainability.  You may be asking yourself what does this mean? It is simple there is no point getting a loan that in turn will destroy your dreams by not being able to afford the up keep of the loan, rather I like to teach people how to manage debt and not over expose themselves to larger unmanageable debts but to work their way up in terms of affordability. I would like to believe that all my past, present and future customers understand their debts, and in turn they are able to progress to a better future by reducing these debts and working towards their goals.  I have helped many customers achieve this and believe that “knowledge” is the true difference.

It was at this stage, that I made the decision to change my future direction and rather than concentrating on helping people to go further into debt I identified a need to empower customers with knowledge and understanding of money in order to help the community by reducing their debts or at least achieving a better way of managing their existing debts.

My philosophy is that instead of increasing your debt because you have ran out of money why not show you what you are doing wrong and teach you new ways of managing it.  An example of this is would be that if you wanted to loose weight you could either order in a perfectly balanced menu for the week and eat only what is supplied OR you could learn how to prepare a calorie controlled menu yourself.  By choosing the first option sure you will probably loose weight, however, by not learning what you did wrong or could have done better in the first place, could you maintain this lower weight?

Remember these simple sayings -

You know what you know, You know what you don’t know, but you don’t know what you don’t know
OR
Future behaviour is based on past behaviour nothing changes if nothing changes

So by learning new ways to look after your money, learning to prioritise debts in the correct order, reducing unnecessary fees and charges and recognising what you spend your money on all of these contribute to a better understanding of your money, which in simple terms could be called “Budgeting”

If I was to say I am going to teach you how to budget the first reaction is to shudder, no I can’t give up the things I love, or alter my lifestyle.  I don’t believe in walking around with a notepad writing down everything you spend a dollar on, but I suppose on the other hand, for some of you out there, it may well be a good idea, at least for a month, because some of us simply just don’t know where it all goes.

What I have put together is a simple plan which involves learning new skills and understanding your hard earned funds, to help you take back control of your life and put the money back in your pocket instead of giving it unnecessarily to others.