An Update On Our Debt Position

It is important to keep on top of your loans. Interest and fees can squeeze your wallet.
It is important to keep on top of your loans. Interest and fees can squeeze your wallet.

In April I wrote a post about our loans – Debt: The Good, The Bad and The Ugly.  I looked at our three loans (a mortgage, a home equity loan and a commercial loan) and concluded that it made sense to use part of the proceeds of the sale of my company to pay off our home equity loan (which we had taken out to buy a boat) while retaining the other two loans.

The reasoning behind that decision was that the home equity loan had a higher rate of interest (which was not tax-deductible) and had been taken out to acquire a depreciating asset, while the repayments represented a fair chunk of our annual expenses (just under 12%). Given the fact that some turbulence was expected in the markets at the time (I am talking about you, BREXIT!) and the positive impact that paying off the loan would have on our savings rate, it was clear that this loan had to go.

Continue reading “An Update On Our Debt Position”

Encouraging Girls to go Tech

Having fun on the beach in Summer
Summer living 🙂

It’s been a while since I last posted. Life can get in the way of blogging sometimes, particularly in Summer when the beach beckons and the heat makes you lazy.

Last week, however, something happened that kicked me out of my Summer stupor and motivated me to get writing again. If you read any of my previous posts you will know that I started a web development company 18 years ago. This became one of the leading digital agencies in my country and a few months ago I sold it to a big consultancy firm. Continue reading “Encouraging Girls to go Tech”