THE THREE ETERNAL VERITIES OF FINANCIAL SURVIVAL

If you are getting ready to buy property you shouldn't put money into a home or investment property unless you can do it while following the three eternal verities for financial survival.

1.  Live within your means or below them

2.  Shun credit card debt like the plague it is

3.  Don't borrow except for an education, a home or a car; and use your house as a place to live, not as a cash machine or a get-rich-scheme.

Also, don't start investing until you've accumulated an adequate reserve fund. For myself that means at least enough for three months in case you (any any other employed people in your household) lose your job (or jobs).

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Terry Black

Terry Black

Sales Representative
CENTURY 21 Trident Realty Ltd.
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