There is an important distinction between what is considered good debt and what is bad debt. The good forms of debt can allow you to accelerate your progress to achieving your financial goals, while your bad debts often act as a hindrance. We’ve outlined some of the common good and bad debts below for your reference.
Financing Strategies
Using leverage to achieve your financial goals
Financing strategies for Australians
At Ally Wealth Management, we know that debt and financing strategies are an important element of the financial plans for many Australian families. Whether it be expanding your property investment portfolio, securing your first home, utilising a commercial loan to grow and expand your business, or leverage your investments in shares and other investments, our team at Ally can assist. Leverage and financing can be a valuable tool for your financial plan; however, it can also go wrong, so we’d strongly suggest that you consult an experienced financial planner to explore your options and outline the right strategy for you.
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Your Bad Debts will include items such as:
- Credit Cards
- Store Loans
- Personal Loans
- Family Loans
- Tax Debts
- Car Loans
Your Good Debts will include the following items:
- Investment Property Loans
- Home Loans
- Student Loans (HECS / HELP)
- Commercial / Business Loans
Approximately 1/3 of all Australians have ‘paying off debt’ listed as one of their top financial goals each year.
Our team at Ally Wealth Management work with a range of trusted mortgage and finance brokers who specialise in working with both Australian residents and expats to ensure that your financing strategies are aligned with your financial goals and objectives.
Whether it be expanding your property investment portfolio, securing your first home, utilising a commercial loan to grow and expand your business, or leverage your investments in shares and other investments, our team at Ally can assist. Leverage and financing can be a valuable tool for your financial plan, however it can also go wrong, so we’d strongly suggest that you consult an experienced financial planner to explore your options and outline the right strategy for you.
