Frazier Allen: To be or not to be – in debt
September 4, 2017
Clarksville, TN – Life’s long and winding road generally includes plenty of side trips on the way to a comfortable retirement. There may be homes to buy, children to raise and educate, careers to pursue, a vacation here and there.
When done strategically, borrowing can help you address those needs – like purchasing a home – without derailing long-term goals, such as a comfortable retirement. The key is to consider how the loan will work within your overall financial picture, taking into account each factor including the interest, duration and regular payments.
There are several factors to weigh when considering when to borrow.
Frazier Allen: Talking about Debt
September 3, 2017
Clarksville, TN – Most of us have had to deal with debt at some point in our lives, yet it still seems to be one of those taboo subjects no one wants to talk about – whether with friends, family or romantic partners. All the while, it may be more common for couples today to enter into relationships with debt, from student loans, credit cards or loans for large purchases like cars or homes.
Whatever each party’s situation may be, being up front early on can help you avoid unnecessary financial and personal conflict down the road.
Don’t let debt be the elephant in your relationship.
Frazier Allen: Can Debt be used to your advantage?
August 29, 2016
Clarksville, TN – “Debt” tends to call to mind a negative connotation. But, when used strategically, certain kinds can serve as useful financial tools, affording you access to more liquidity and potential growth down the road.
Before setting out to pay your debt off as quickly as possible, consider the various factors at play. You may find that the long-term advantages of holding certain types of debt can outweigh the benefits of paying it off sooner, so be sure to discuss the benefits and considerations with a knowledgeable financial professional.
For some, smart borrowing can be a useful tool, but it’s not one-size-fits-all.
