☁️ debt - how to take back control | starter pack
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What types of consumer debt should I be aware of?
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes. How can four letters bring you so much stress? Today, we're talking about debt. Yes. D-E-B-T, Kate. These are the four letters. You got it right, Owen. I got it right. Wow. I would have passed grade two spelling. So, these four letters can bring a lot of financial pain and kind of misery to a lot of people for a very long period of time.
And they can hold you back from moving forwards.
Yeah. And so in this Starter Pack episode, we're taking you through the common forms of debt, strategies to reduce the debt ASAP, and some of the things that you can lean into if you need help. Being under financial pressure is one of the most excruciating things. It can affect you physically, mentally. It will take its toll on relationships. It will affect the way you live your life. And so we're trying today as a community together to help you get the most from your money, to pay back these debts, to feel good about yourself, to feel good about your financial situation. And most importantly, remind you that you can live debt-free.
Yeah. And you're not doing it alone. And I think that's really important. A lot of people going through this feel quite a sense of shame. And I think that's not, it doesn't really help you. And so in our community, people share examples of getting out of debt. We've had people, listener stories on our podcast. So just try to find as many resources as possible to remind you that you're not doing this alone. There are millions of Australians that are in debt. Mm-hmm. And if we can just help a few people get out with some strategies, some tips and tricks and even help a few people not get into debt in the first place, I think we'll have done our job.
Yes. And so you are one of those people. Today, we're speaking directly to you. If you have any form of debt, I have a mortgage and there are even things that we can do with a mortgage. Basically, a lot of debt, and we're going to talk about the types of debt, will be debilitating. but some debt is actually okay so we're not here to say that all debt should be outlawed i think people that do just try to tell you that maybe are a little bit kind of misguided in insofar as they maybe are trying to apply a general rule to everything i think that's how i used to be i used to say all debt is bad but now i've realized that some debt is okay and some debt can actually help you
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