101 Ways to Get Out Of Debt and On the Road to Wealth

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John Wiley & Sons, Jan 27, 2012 - Business & Economics - 208 pages
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101 Ways to Get Out Of Debt and On the Road to Wealth is the ultimate handbook for anybody who wants to get out of debt and stay out of debt.

This book will provide you with an insider’s knowledge of how to beat the lenders at their own game. Inside you will find 101 practical and proven methods that anybody can use to master their debt. Best-selling author Ashley Ormond shows you how to conquer all types of debt, including mortgages, credit cards, car loans, personal loans, investment loans and small business loans.

In this book you will learn how to:

  • save a fortune in interest
  • get out of debt years earlier
  • decide which debts to attack first
  • find the best lending deals for your needs
  • manage repayment problems.

Ashley Ormond’s common-sense approach will get you debt free and on the road to wealth in no time -- and that means more control over your life, less stress, and greater long-term security for you and your family.

 

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Contents

Work Out How Far in the Red You
4
Check YourInterest Rates Chapter 6Add up All Those Extra Fees and Charges Chapter 7 Sort Your Debts
8
Avoid Credit Card Surfing
51
Never UseCash Advances Chapter 53 Cut up Your Store Cards Chapter 54 Never Pay Just the Minimum Amount
54
Keep Payments Flat
55
Use DirectDebits Chapter 57 Check Every Item on Statements Chapter 58 Once Youve Paid it Off Cut it up Chapter 59 Consider Changing to Charge ...
60
Reduce Your Credit Limits Chapter62Do Leave HomeWithout it PartV Car Loans Personal Loans Boat Loans and Store Loans
62
Renegotiate Dont Refinance Chapter 64 Always Pay a Cash Deposit
63
Celebrate Each
70
Dont UseDeposit Bonds
76
Small Business Debts
79
Avoid High Lease Residuals
85
Use Supplier Terms and Customer
89
Dont Borrow to Put Money into
98
Afford a Loan
101
Index
107

Never Buy
65

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About the author (2012)

Ashley Ormond was one of Australia’s first PC-equipped ‘mobile lenders’, starting out in the early 1980s with a financial calculator, a dual-floppy drive Compaq portable PC and a portable Epson thermal printer in his car. This was before the age of mobile phones, the internet, Windows, Excel, or even hard drives. It was back in the days when:
  • lenders actually analysed each borrower’s ability to repay
  • borrowers actually had to have a job or other source of income
  • borrowers actually had to have proof of a savings record, proof of income, proof of assets
  • lenders had to actually think about how each debt would be repaid, instead of just shovelling money out the door
  • lenders actually retained the credit risk and retained the ownership of loans, instead of just selling them to unsuspecting bond-holders on the other side of the world.

His banking and finance career included several senior executive roles at major Australian and international banking and finance groups, including running branch networks, lending operations, product development, pricing and financial control. His formal qualifications include a Bachelor and Masters in Law, a Bachelor of Arts in Economic History and a Graduate Diploma in Applied Finance and Investment. He has also lectured for the Securities Institute of Australia. Since ‘retiring’ at 40, he has been a director of several companies, including listed, private and not-for-profit companies and a charitable foundation.

Ashley is the principal of Investing 101 Pty Ltd, a specialist investment research firm that holds an Australian Financial Services Licence. He is a sought-after speaker and commentator on financial markets and has written two best-selling books on finance: How to Give Your Kids $1 Million Each! and $1 Million for Life.

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