Hi guys, thank you again for listening to my podcast. Today’s podcast we will talk about the implication of debts on your investing journey.
I personally do not like to take loans. Even when buying a car, I bought one that I could afford with cash on hand.
At times, taking a loan can have its merits. For example, using a credit card with 0% interest instalment plan.
When loan gets easier and cheaper, we tend to buy things that we don’t need. Take for example going to the supermarket. If we have a groceries’ list and have the cash on hand, we tend to stick to the list and the Budget. Remember the good old days when we were younger we use to pay everything with cash. If take more than we should, we had to make a decision on which item we should return back.
Times have change and the credit cards offers a lot of convenience. we buy things that we don’t really need and they end up expired in our cupboards.
A dollar save can be a dollar used for investing.
In property investing, by taking a loan or even using credit cards, it can affect your Total Debt Servicing Ratio (TDSR). This directly affects the type of property that you can own.
When taking a loan, please rethink again how can it affect our asset planning. We might be missing out on the bigger picture.

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