Want to Add Rich? Understand and Debt Restructuring you!

Readers are wise, we very often hear the advice that it more or less states that you do not owe because it is a legacy of debt "time bomb" as well as for our partners and our children. Yeah, right. Debt will be a big problem when the debt can not be resolved or settled. Debt is also a problem when the borrower's debt (debtor) died, while the debt has not been paid. However, the fact is that right? For clarity, we refer to this article please carefully.
Indeed, if not carefully planned and treated as well with the discipline with extra debt is a ticking time bomb. Debt would be devastating to our family. But conversely, if properly planned and managed, high discipline, of debt to be harmless. Once again I emphasize, is not dangerous. In favorable conditions, the debt will be greater potential impact on improving the assets of the borrower (debtor) is.
Some time ago (December 2011) article we have discussed about "When I Need Debt". In the article mentioned, if we have the capital, which one is better? Are we better off debt or no debt? Well, this time we want to complete it by describing in more detail about individual debt instruments rather than companies with the aim to significantly increase the assets of the debtor.
The next question is, can we build assets through debt? The answer is "Yes" as long as you understand the characteristics of this type of debt instrument that is in the banking and financial position you were in the hallway.
Understand your debt instrumentWell readers, if you want to improve our current assets and place the debt then understand some of these debt instruments as intended. By adhering to the existing corridor then your assets will increase. As an information instrument (see table above) are issued by banks and by non-bank financial institutions to pledge (with the month of data collection in January 2012).
So evaluate yourself, if you have debts that are beyond the corridors of "fair use limitation '? And exceeds the "ideal term debt"? Is my total debt above 35 percent of income? Hmm ... if so, we encourage you to think and work hard to try to be in the corridors of the above (the yellow) and lower total repayments you are in a corridor up to a maximum of 35 percent of income. So how? Let us check and do the next step.
Move your debt instrument!We have already seen that for those who are outside the corridor "fair usage limits" and beyond "ideal term debt", the following are tips to do, namely to restructure your debt. How do I? Here it is:A. Calculate your mortgage per month large, if the total mortgage debt above 35 percent of income? Solution if the answer is "Yes":a. If your employees, allocate bonuses or allowances to pay the principal of your debt. If not enough then you should start looking for other work actively in order to get a larger salary.b. If you are not a permanent employee, go to big companies. One of the few ways is make yourself as a force or agent of the seller. Like it or not, you have to do this because the seller's agent if the achievement is very possible to get great returns when compared to other departments. Then do as many sales as possible, until you have the money to pay the debt. Look for businesses that do not require huge capital. Be careful, you do not easily drowned in a multi-level marketing (MLM) MLM if you think it has a large capital. Or do not be too easily tempted to have a large income for the onslaught of ads in the newspaper to see which states get the money from the easy option, the property business, and others. No matter how interesting the promised income, you still spend a large capital. Avoid! Why? Because the priority now is to push the total of your mortgage is above 35 percent, so your priority now is not to spend much money, but otherwise, get the money.
2. Calculate your total debt, then switch the entire debt to the debt that has a long period of time and the interest rate that is lighter, ie, debts secured against property (item number 4);3. If the property has been mortgaged in the bank then try to renegotiate with your bank, ask for top up on your credit. As far as your mortgage loan has been running smoothly and at least one year then it is possible to raise the credit limit the bank. Use top up the funds to cover your existing debts in point number 1 through 3.4. Do not forget, in the allocation of new funds that you have set aside for investment of at least 10 percent. Investments can be done in the real sector or the financial sector.
5. However, if you have done the above but still not in a healthy debt limits <35 percent then you should be willing to sell some of your assets so that your debt ratio is healthy. Remember, when the debt ratio is healthy, you will have the opportunity again to get lost once your assets are sold.6. In the world of debt, we also have to engage in risk management. Well, for item number 4, the debt was already automatically covered by life insurance that makes you and your family become more calm.
Thus the reader, this paper would only build the spirit and framework for thinking more critically. However, each person must have a different condition. However, at least there is a way to make our assets grow. Debt is fine as long as the ratio used for a healthy and productive, not consumptive.