Archive for the ‘Interest Rate’ Category
Thursday, October 8th, 2009
People saving for the deposit on their first home can take advantage of a special savings account offered jointly by the building societies and the government, in which the high interest rate offered by the building societies is supplemented by an additional subsidy paid by the government. An initial deposit ...
Posted in Interest Rate, Savings Account | 6 Comments »
Monday, October 5th, 2009
Another basic cause of inflation is the periodic excessively easy availability of cheap credit.
Easy and cheap credit might be well and good for people who need to purchase goods. However, it has the negative effect that the buyers do not haggle over prices as much as they would if they ...
Posted in Interest Rate, credit, credit card, money | 6 Comments »
Monday, September 28th, 2009
There is, however, another excellent reason for saving. If you wish to become wealthy — who does not? — you cannot do it on borrowed money.
You will need more than just material objects purchased on credit, such as a car and a house, to be wealthy. You will also need ...
Posted in Interest Rate, Savings Account | 6 Comments »
Thursday, June 4th, 2009
Some finance companies and large retailers often offer to finance goods on hire purchase with catchy slogans and seemingly easy terms. Watch out for this practice. This is often a very expensive way to finance the purchase of goods that will eventually lose their value.
Posted in Interest Rate, Overdrafts, credit card | 3 Comments »
Thursday, June 4th, 2009
Credit cards have become one of the growth sensations of this country since Mastercard and Visacard were introduced in the early seventies. They are the new super weapon in the never- ending attack on your rand and represent a bigger threat to your money tree than a plague of locusts. ...
Posted in Bank Accounts, Interest Rate, credit, credit card | 6 Comments »
Friday, May 8th, 2009
Wealth is like a huge tree — it grows from a tiny seed. It takes a long time to grow to a great height, but provided it is watered and fertilised regularly, it will slowly, but surely, grow at a faster and faster rate.
Posted in Cash Cards, Interest Rate, Money Market Account, economy, money | 2 Comments »
Wednesday, May 6th, 2009
For some strange reason the term "credit rating" sends strong men weak at the knees and conjures up visions of little men in darkened rooms keeping track of a person's every movement. I do not know how this came about but I do know there is no reason for this ...
Posted in Interest Rate, Overdrafts, credit, credit card, money | No Comments »
Monday, May 4th, 2009
Risk
At this stage you should learn the Golden rule of Investment:
"The higher the expected return, the higher the risk." Let's face the fact — if there were fool-proof, high yield investments around for the asking, people who knew about them would keep the knowledge to themselves.
Posted in Interest Rate | 6 Comments »
Friday, May 1st, 2009
If you have ever used a tyre lever, or played on a seesaw, you will understand the principle of leverage. By the use of leverage the power of a small force can be greatly increased to have an almost unbelievable effect. In investing the correct use of leverage, or "gearing" ...
Posted in Interest Rate, Investment Banks, Savings Account | 1 Comment »
Friday, May 1st, 2009
It is a strange thing that most people who have made fortunes could not have done it without borrowing money, and yet borrowing money has sent many others bankrupt. How can it be such a good thing for some and so bad for others? Borrowed money is like fire — ...
Posted in Banks, Interest Rate, Overdrafts, credit, credit card | 1 Comment »
