Paying Cash With Graeme Holm Gets You A Long Way

The United States is only a few spots behind Australia – the land of Oz is unfortunate enough to be in third place – in the race for the country with more consumer debt per gross domestic product per capita. While Australians are fortunate enough to have ample banks, financial institutions, and other businesses willing to lend its citizens so much money. However, banks across the country continually push great debts on the 30-odd million citizens of Australia.

 

Staying out of debt is difficult, but it’s not that difficult

 

Virtually everyone who takes on consumer debt does so because they aren’t willing to save up enough cash at once to purchase whatever asset they’re thinking about buying. While some financial advisors tell their clients that taking on some consumer debt is OK – in most cases, low-dollar mortgages that don’t last any longer than 15 years at fixed interest rates aren’t a terrible idea – the best way to prevent debt piling up is by not taking on any consumer debt whatsoever.

 

Paying cash for this, that, and everything will save you and your pocketbook countless thousands of dollars in interest payments and financing fees

 

According to Graeme Holm, the co-founder and one of two partners at Infinity Group Australia, “If you can’t pay cash, then you’re not buying it.”

 

While this ideology doesn’t lend itself to having fun with excessive spending or otherwise sacrificing tons of money later for fun in the interim, Graeme Holm remarks that this strategy is one that will effectively keep consumers out of debt that potentially lasts the entirety of their lives.

 

Holm worked at a very large bank in Australia for roughly a decade. Some eight years ago, he quit the job after getting tired of willingly piling on way too much debt on the backs of consumers. His employer always told him to push all the loans in the world, which he tried his hardest to do.

 

Today, Graeme Holm and his business partner Rebecca Walker make sure their clients stay as far away as possible from loans, credit cards, and buying goods on financing agreements.

 

The Australian government reports that some one-third of households are too indebted to reasonably pay creditors back within a somewhat-reasonable timeframe. Holm wants to bring an end to this by urging clients to pay cash.

Learn more : https://infinitygroupaustralia.com.au/contact-us/

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