Consolidating Your Debt Is the Best Solution to Your Debt Problem

Are your debts getting out of control? Are you unable to manage your multiple debts? If your debt is giving you sleepless nights, it is important to seek help quickly. Remember, ignoring your debts won’t make them go away. It will only make things worse. If you are in debt, here is a list of … Continue reading “Consolidating Your Debt Is the Best Solution to Your Debt Problem”

Are your debts getting out of control? Are you unable to manage your multiple debts? If your debt is giving you sleepless nights, it is important to seek help quickly. Remember, ignoring your debts won’t make them go away. It will only make things worse.

If you are in debt, here is a list of questions you should ask yourself:

Question 1

Are you finding it difficult to meet your monthly repayments?


Consider rolling all your multiple debts into one monthly repayment. It will:

>> Reduce the amount you pay each month; and

>> Make your debts easier to manage.

Question 2

Do you have multiple debts (i.e. mortgage loan, credit cards and store cards)? Are you having trouble managing these multiple debts?


Multiple debts means:

>> Paying multiple sets of interest; and

>> Finding it hard to stay on top of your multiple debts.

So, consider consolidating your debt because it will:

>> Enable you to keep track of your debts; and

>> Enable you to pay down your multiple debts.

Question 3

Do you have negative listings and defaults listed in your credit file?


If you do have a bad credit history, you will find that your loan options may be limited.

Question 4

Do your multiple debts have high interest rates?


Consolidating your debt should enable you to get a loan with a lower interest rate.

Question 5

Do you have equity in your home?


If you do have equity in your home, you may be able to use it to pay down all your multiple debts.

Question 6

When is it the best time to consolidate your multiple debts?


You can consolidate your multiple debts:

>> Whenever you consider you are ready; and

>> When you are unable to manage your multiple debts anymore.

Before you Borrow

If you are thinking of borrowing money, here is a list of steps you should consider and which may help you:

Step 1

Use a budget planner to work out what you are spending now.

Step 2

Use a borrowing power calculator to calculate:

>> How much you can afford to borrow; and

>> If you can afford the repayments.

Step 3

If you decide to borrow, shop around for the best deal and take time to compare:

>> Interest rates;

>> Product features on offer; and

>> Fees and charges.

Step 4

Know who you are dealing with. This means anyone engaging in credit activities (e.g. anyone providing credit or providing credit assistance to you) must give you:

>> A copy of the “Credit Guide”; and

>> A “Credit Proposal Disclosure Document “(CPDD), with the required information listed such as their Australian Credit license (ACL) number, fees and details of your right to complain.

Case Study

Judith is a single mum with two children. She is struggling to pay her multiple debts and her payments are now three weeks in default.

Judith met a professionally qualified finance broker who was able to help her:

>> Negotiate a one loan repayment plan;

>> Reduce her monthly repayments; and

>> Save her money on interest charges.

The benefits available to Judith are best illustrated in the following simple example. The example assumes that Judith has a mortgage loan of $300,000 and a credit card with a credit limit of $12,000:

Current Home Loan Credit Card Total Loans Your New Loan

Loan Amount: $300,000 $12,000 $312,000 $312,000

Interest Rate: 6.25% 18% n/a 4.75%

Loan Term: 25 years n/a n/a 25 years

Monthly Repayment: $1,979.00 $200.00 $2,179.00 $1,778.00

Total Interest Payable: $293,702 $18,931 $312,633 $221,630

From the example above you can clearly see that:

Judith has saved interest of: $91,003.00

Judith’s monthly repayments will be reduced by: $401.00 per month

So, if your debts are getting out of control or you are struggling to make ends meet. It is important that you seek help from someone who can fix your debt problems. This is the time for you to contact a professionally qualified finance broker who will help you to obtain a loan for consolidating debts with:

>> One monthly repayment; and

>> One lower interest rate.

Useful Tip

Avoid seeking help from someone who makes unrealistic promises about getting you out of debts or who advertises that they can help you, no matter how much you owe. Remember to choose a reputed, qualified and experienced finance broker who will go the extra mile in solving your problem.

How to Prepare a Bill of Sale Properly

You can prepare a customized bill of sale in five minutes. Learn how to do it properly and how to avoid common pitfalls.

How to prepare a Bill of Sale and how to avoid common pitfalls

A bill of sale form is used to transfer the ownership from a seller to a buyer. The four main bill of sale forms are for: auto, boat, personal property and business.

The Internet made all these forms readily available at a reasonable price.

In five minutes or less, the user can prepare a bill of sale as follows:

Purchase the form and download the form.
Open the downloaded form and print.
Use a pen; fill in the blanks by following the instructions.

The common pitfalls and their repercussions:

Using a free form download from the Internet. Such forms almost always contain errors and are incomplete.
Using a handwritten bill of sale. Such forms almost always contain errors and are incomplete.
Failing to detail and describe what is being sold. It is important to have what is being sold detailed and described.

Avoiding the three pitfalls listed above can help both the seller and buyer avoid both headaches and expenses down the road. The following are few common examples:

In the event the buyer is unsatisfied with their purchase as they may deem that what they received was not as described. A proper bill of sale including the condition of the item being sold thus resolving such issues.

Using an improper form that does not detail important information. This causes that buyer issues down the road when attempting to resell what was bought. As an incomplete form may lack a vehicle VIN number or boat identification Hull number.

The seller also needs to protect themselves as exemplified here. When selling a car, it is important to include the “Odometer Disclosure Statement”. This provides the seller legal protection in case the buyer alters the odometer in the future when reselling to obtain a better price. In such a case, it is impossible to ascertain who changed the odometer reading. The seller by using a proper form protect themselves from dealing with such possibilities.

There are just few examples. There are many other scenarios.

Is a professionally prepared Bill of Sale a must?

Yes. For a small price, this provides legal protection for the both the seller and buyer and saves them costly expenses and headaches down the line.

Dollars and Sense: How Bankruptcy Lawyers Will Help You Out of Your Sticky Financial Situation

The word “bankruptcy” tends to strike fear into our hearts, especially if we’re going through financial trouble. But most people can’t see themselves ever filing for bankruptcy. The process seems like it’s made for failing businesses, government bodies, and other organizations. But personal bankruptcy laws exist to protect citizens who find themselves struggling with severe debt. If your finances drop into the red zone, taking the following steps will get you back on your feet:

Assess the Damage

Look closely at your financial portrait. If you owe large sums to multiple creditors, if collectors are calling your house, or if you find yourself paying for essentials with a credit card, you should start to consider remedying your situation. Begin by tallying up your financial assets – bank account balances, retirement funds, stocks and bonds, real estate, vehicles, and anything else of value. Once you have a grand total, compare it to the amount you owe. If your assets are worth less than your total debts, you should seriously consider filing for bankruptcy.

How Do I File?

You may voluntarily file for bankruptcy as soon as you determine it’s necessary. Alternatively, you may be compelled by your creditors to file. However your legal process originates, don’t try to navigate it by yourself. Get in touch with bankruptcy lawyers who will look closely at your circumstances and advise you on how to proceed. There are two different claims you can file, so an attorney will help you determine the legal route that best serves your interests.

Filing a Chapter 7 Claim

A Chapter 7 claim is fairly straightforward. If approved, this claim liquidates your assets and uses them to pay off a large chunk of your debt right away. In other words, it turns most of what you own into cash, and then distributes this cash among your creditors. It sounds scary, because you lose most of your holdings. But it’s not the end of the world – many people bounce back and rebuild their assets without all that debt holding them back. Especially with trusted bankruptcy lawyers on your side, this process can lead to a much-needed fresh start.

Filing a Chapter 13 Claim

Since they involve seizing most of the filer’s holdings, Chapter 7 claims aren’t great for people who own businesses, property, and other major assets. When you have large properties that you don’t want to lose, a Chapter 13 claim is the better choice. It allows people with consistent, predictable annual incomes to pay off debts over a three- to five-year grace period. Once a judge approves a Chapter 13 claim, creditors must stop contacting the debtor. The debtor then continues to work, paying off his or her debts as best they can during the grace period. No property or other assets are liquidated in this process.

Bankruptcy lawyers will tell you: filing isn’t so scary, and can drastically improve your situation. If you’re letting unpaid bills stack up and trying to ignore them, know that you can pursue legal options to relieve the stresses of debt and protect what you own

Are You a Reluctant Wanderlust in Business?

Are you a multi-talented, multi-passionate person who finds it hard to “commit” to doing “just one thing”?

Sometimes I feel like a loser when I couldn’t just “stick with it” when something ceases to give me a deep sense of excitement and purpose. Some may call it ADD.

Do you identify with being a “wanderlust” in life – not only having a desire to travel physically but also (and more importantly) to embark on a personal journey that involves experiencing all parts of SELF and all aspects of LIFE?

In different stages of my life, and especially in my own business, sometimes the tension between the strong pull to EXPERIMENT, to DARE, to chase FREEDOM, and the fear that comes up when I untether from the “known” would tear me apart.

Do you know the wanderlust part of you and the primal part of you may be at odds with each other, resulting in conflicting/self-sabotaging behaviors that hold of you back from soaring in your business?

Sometimes the restlessness eats me up as it turns into a nervous energy. Sometimes I fall into the comparison trap when I see my college classmates climb up the corporate ladder and score impressive titles. Sometimes I just feel plain lost and doubt… why can’t I just be everyone else and “settle down?”




What some consider to be a daring experiment may be judged by others as “hopping from one thing to another” or being a flake.

It’s hard enough when the judgment comes from outside of us. But it can be downright self-sabotaging when the conflict comes from within ourselves.

The tension created by Commitment vs. Abandonment, the longing to Trust vs. the need for Certainty sends mix messages – to our selves, to others, and to the universe.

The conflict turns us into Reluctant Wanderlusts.

I don’t know about you but I have heard enough of those “free calls” to encounter quite a few of them talking about “commitment”… and, ha, to commit you just pull out your credit card and pay the money… only if it’s that easy!

“Commitment” on a superficial level can feel binding to us who has a fierce streak of wanderlust. How do we discern being committed from “staying put” out of fears or past/outdated conditioning?

When are we going to stop beating ourselves up from not being able to “stick with it”… just because others manage to stay in the same job for 10 years?

What is being daring, adventurous and open to experimenting to uncover a deeper part of us, to challenge the status quo and to stretch ourselves; and what is just plain “avoidance” – running away from what we have to face in order to expand and grow (but feel hard and gut-wrenching)?

The lower chakras’ need for certainty and safety fighting the upper chakras’ desire for inspiration and expansion creates conflicts that muddle up our energy and make everything feels like we have one foot on the gas and one foot on the break.

How do we commit, without feeling being tethered? How do we make the wanderlust in us and our need for certainty play nice together so we can finally lift the foot from the break?

With the propensity toward “freedom” also comes the intense desire to find “home.” Without properly defining what each one means, we fall prey to internal conflict that keeps us from moving forward.


Can “wanderlust” and “home” co-exist?

1. Accept

Accept that we have that wanderlust part in us, and we have the “cave(wo)men” part in us. They are all parts of us being us and denial or avoidance will only create more tension that triggers self-sabotaging behaviors.

We need to have ALL of us on board for the actions we need to take, in order for the actions to be aligned, meaningful and impactful.

2. Commit

Commit to BEING someone, not to DOING something.

Make that commitment to yourself, not to someone else.

Commit to an identity and use it to guide actions. This can be exceptionally freeing because there is room for possibilities, adventure and experiment.

3. Anchor

Life is dynamic, not static. To soar upward, there needs to be a grounded-ness.

We need some kind of reference point, or else we can be just plain lost.

But you are free to choose your anchor. What can give you an unwavering reference point so you can feel SAFE in the world?

If the “primal” part of you doesn’t feel its need for “safety” acknowledged, the subconscious mind (which affects 95% of our thoughts!) can throw a thousand “blocks” at you.

Is this anchor something you can hold onto, something you have “control” over? If it depends on other people or external circumstances, you can get into a shaky situation when the rug gets pulled out under you.

4. Find your place in the world

This is “home” (which doesn’t mean a physical location); this is your CORE message. When you know what you are about, you develop a deep Trust to give you a sense of Inevitability that serves as rocket fuel behind all your intentions and actions.

“Niching”, in its truest and broadest sense, is about finding our role in the community, our place in the world.

When you can articulate your core message into how you fit into the larger ecosystem (aka, how you create value and why you are relevant to the community you want to serve), you have found home through your business endeavor – a “home” that allows you to be YOU anywhere in the world.

When you find the WORDS to talk about how your conviction is translated into your work, you turn the inkling in your Guts into something your “logical mind” can get on board with.

When you find the WORDS so you can step up to own what you do, you voice it and set the intention for it to materialize.

When you get your entire SELF on board, you find a renewed excitement and commitment for your business.

Ling is an Intuitive Brainiac. Through her unique blend of Business + Marketing coaching with a Mindset + Psychic Twist, Ling Wong helps Maverick Entrepreneurs nail their message, claim their superpowers and muster up the GUTS to monetize their Truth.

Ling helps her clients find their Message, nail the WORDS that sell and design a Plan to work it, through her intuitive yet rigorous iterative process born out of her Harvard Design School training and 10 years of experience in the online marketing industry.

All Specialty Vehicles and Businesses Have Specialty Commercial Insurance Plans

There is an absolutely massive range of specialty vehicles on the road today for different commercial applications. These different cars, vans, trucks and buses all look different and are used in different ways. They may have special features, usages and restrictions, along with unique risks that come with those different designs and applications.

This means that each type of specialty vehicle must be protected with its own specialty type of commercial insurance. There’s no such thing as one size fits all insurance, at least not when it’s provided to the consumer in the correct fashion.

There are two problems with this. One, the business owner pays for coverage they don’t need and which in no way could actually apply to them. There are all types of bells and whistles which simply amount to unnecessary cost, because they’ll never be used.

Two, the business owner is paying for coverage and assumes protection for their business, only to find out the hard way when they need it the most, that they weren’t fully or accurately covered at all. That generic plan must have had my specialty vehicle and type of business included, right? Maybe not, as many business owners go on to find out the hard way.

Simply look at two of the fastest growing types of commercial vehicles on the road today. There are food trucks, which everyone seems to love more and more. These are mobile kitchens with deep fryers and ovens, serving, storing and preparing food as they drive around. Clearly, those are unique risks and factors and a very specific insurance plan needs to be developed.

From there, look at ridesharing drivers, and the companies which have sprouted up over the past year. From Uber to Lyft, Sidecar, Wingz, and all the rest, these are personal cars used part of the time for commercial applications. There’s also a lot of gray area between those two different halves.So how are they supposed to be properly protected?

Then you have the full spectrum of specialty trucks. A refrigerated truck delivering food regionally clearly has different needs than a hazmat or waste truck, or a log hauler, or a long distance mover, or a tow truck. These are all very different in how they’re designed, what they do, the risks they face, and the coverage needed.

Don’t settle for a one size fits all or generic solution. Find a commercial vehicle insurance plan which has been carefully put together based around your needs, your business, the type of vehicle you’re using, and all the rest.