Debt Reduction Strategies

At AS Wealth Advisors, we recognise the distinction between good and bad debt:

Good Debt:

• Involves borrowing to invest, where the investment grows in value or generates income.

• Works positively for you by contributing to your financial growth.

Bad Debt:

• Occurs when borrowing is used for depreciating assets like a car, boat, or non-earning items via credit cards.

• Results in a double loss - the depreciating capital value and the paid interest.

Before accumulating assets, it's crucial to assess your debts - the amount, type, and interest rates. This evaluation helps determine if your debts can be managed more efficiently, securing the best possible rates.

At AS Wealth Advisors, we can assist by:

• Reviewing your financial commitments and debts.

• Collaborating on constructing a budget.

• Effectively consolidating your debt.

• Recommending investment products aligned with your goals.

• Reviewing, recommending, and arranging suitable insurance.

• Exploring strategies to transform bad debt into good debt.

Our goal is to help you navigate your debts strategically, ensuring they contribute positively to your financial journey.