General / 38 posts found
Financial habits are powerful things, they can help us to either grow or dwindle away our wealth. Mastering your money can come down to establishing a few smart habits. So here are 4 things you need to start doing if you want to grow your wealth: Tell yourself you DESERVE to be rich! The wealthiest individuals believe that “success, fulfillment and happiness are the natural order of existence,” self-made millionaire Steve Siebold writes in his book “How Rich People Think.” “This single belief drives the great ones to behave in ways that virtually guarantee their success.” There are NO accidental […]
Imagining success over and over trains your brain to believe that it is possible
Living by simply reacting to everything that happens around you could be considered as “living by default” or “living on luck.” Living a life of reaction is stressful and dissatisfying. People who choose to live this way only have access to random events. They’re primarily driven by pain and avoid creating their own opportunities. On the other hand, creating your life is more assertive, satisfying, and controllable! Create your life instead of reacting to it: Discover the power of visualization. Visualization is powerful on multiple levels: Visualization forces you to determine what you want. You must make a choice before […]
What You Need to Know About Equipment Finance
Equipment finance is designed to give you access to the funds you need to purchase essential specialised equipment for your business. Whether you’re looking to purchase a forklift to move goods in your warehouse or specialist medical monitoring machines for your private practice, equipment finance is on hand to help. Many lenders and other financial institutions offer this lending possibility, though there is a range of equipment finance options borrowers can choose from. However, choosing the best approach for your business will depend on a range of factors including your financial situation, taxation needs and budget. How does an equipment […]
How to tackle your debts for a savvier 2021
Are you still suffering from a debt hangover? Now that we’re at the end of the 1 quarter of the year, are you still having a hefty credit card bill from all the gift-giving, eating out, holidays, and other festive celebrations? Now, if you already have a mortgage or other loans that you’re trying to pay off, this can all become quite stressful! Don’t fear! Xchange Finance have put together an action plan to help you tackle your debts. Read on! 1. Assess your debts & create a budget If you have multiple debts outstanding (a credit card balance, car loan, […]
6 questions to ask yourself before getting a personal loan
Personal loans are becoming increasingly popular for many Australians who are looking to finance their bigger purchases, however, it’s important to carefully consider if it’s the right option for your needs. Here are some questions you might want to ask yourself before applying for a personal loan. 1. Why am I getting a personal loan? The first and most important question is: Why? Maybe you’re looking to renovate your house, buy a car or consolidate your debts? It’s important to first figure out your purpose so you can determine whether it’s necessary to apply for credit. 2. Do I really […]
5 things every woman should do to get on top of their finances
Having recently celebrated International Women’s Day, here’s a few savvy tips for all women everywhere on how to achieve greater financial wellbeing, all year round. 1. Manage your credit reputation With Comprehensive Credit Reporting now in place, knowing your credit score and what’s included in your credit file is now more important than ever, as more lenders use credit scores to assess the risk of lending you money and whether to approve or decline your application. A credit score represents your credit worthiness in the eyes of financial institutions. Your credit score is dynamic, meaning it may change from month to month […]
Top ways to cut your expenses and increase your savings
Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference. On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses. Start by understanding your spend It can be easy to lose track of how you’re spending money, especially due to cashless payments and credit cards. Many online banking systems include tools to categorise debits and make a budget – take advantage of them. Or download an […]
Concerned about servicing your loans?
If you are concerned about servicing your loan, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavirus, and in many cases are wondering how they will continue to pay the bills. Difficulty with repayments According to research conducted by Finder in early 2020, about one in five […]
Concerned about servicing your loans?
If you are concerned about servicing your loan, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavirus, and in many cases are wondering how they will continue to pay the bills. Difficulty with repayments According to research conducted by Finder in early 2020, about one in five […]
What are the Extra Costs of Buying a Home?
(Application & establishment fees, stamp duty + more.) When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. Home loan application fees Most lenders charge a home loan application fee. This can range from loan to loan, and covers: Loan contracts Property title checks Credit checks Attending a settlement Mortgage fees and costs Mortgage establishment fees – Lenders generally charge a mortgage establishment fee – a fee for setting up a mortgage. Property valuation – A […]