John Macalyk has some useful insights. Today we learn more about Sale by Redirection…
What affect does low inflation have on your household or business?
Well first, lets see what the Australian inflation figure is today, wow, 1% per annum, yes, the lowest since 1999.
I remember when inflation was 10%
When it was 10% the Reserve bank raised interest rates and at one stage we were paying 18-20% – who else remembers?
But right now, the Reserve Bank is considering lowering interest rates, in order to boost spending and boost growth in the Australian economy.
This is good for all of us with DEBT.
But not too good for retirees or people relying on investment income from their banks to pay for normal living expenses and outgoings.
When the 1% figure was announced over 60% of economists in Australia believe the Reserve Bank would lower the cash rate by 0.25%, but only yesterday (July 28th) news came out that finally the U.S.A was going to RAISE their interest rates.
What does this mean for their economy?
Well this means their economy is on the up, and when the USA coughs, Australia has a sneeze, now only 40% of Australian economists believe the Reserve Bank will lower rates next Tuesday.
So keep your ears open- what will the Reserve Bank decide next Tuesday afternoon?
What do you think?
So the cost of debt may come down next Tuesday, if this happens what can you do that will help your home and/or business cash flow?
Ring a credit (debt) advisor, consolidate – refinance your higher interest rate debt to a lower rate.
Until Next Time,
TAKING CONTROL TODAY…
Show Leadership with your Home Economy by making prudent decisions for your family and/or business expansion.
This is what we expect from our country’s politicians. We want and expect LEADERSHIP.
Out of 70 odd Liberal Politicians who won seats at the last Federal Election, only one increased their winning margin since the last election…
Who was it? Julie Bishop, who had an increase over last time of 2.65 % giving her a total win margin this time of 20.8 %. Congrats Julie…
WOULD SHE BE A GOOD LEADER?
Take OWNERSHIP of your finances.
Why pay more each month than you need to? Every dollar counts so let us help you assess your options…
Recently we have saved many families and businesses from hundreds to tens of thousands of dollars per year through our access to a variety of lenders. Join the ‘AAA’ family today.
Did you Know?….
‘AAA’ is offering a one-on-one complimentary conversation, by phone, email, text or in person for the month of July 24 hours a day seven days a week.
At any time, no matter where you are and what you are today you have access to a Licenced Credit Advisor who will learn your priorities and goals and discuss how to reduce your debt by reducing your monthly repayments- TODAY.. (02 9299 11 44)
Until next time,