About Credit Lust

Many of us have borrowed too much, spent too much, and are now looking to survive the next few years until the economy recovers.  Our debt is manageable for now because of artificially low interest rates. How long will that last?

My Presbyterian upbringing made me initially suspicious of debt

Neither a borrower, nor a lender be

. Okay, that was Polonius from Hamlet, but the thrust is the same. So for my first thirty years on the planet, my only debt was a mortgage on my home.

However, in the nineties, I discovered that property was a ‘investment asset class’ so embarked on ‘building a portfolio’.
In the last couple of years I have been studying for the CFA exams (CFA stands for Chartered Financial Analyst) and this has given me an appreciation of the meaning of the following terms: investment, risk, reward, portfolio.

If only I had known then, what I know now….

This blog aims to cast some light and understanding on

  • the credit crunch – what is it?
  • good and bad debt
  • understanding risk and reward
  • what is a portfolio?
  • as an investor how do I thrive or survive in the next 5 years?
  • as an employee how do I thrive or survive in the next 5 years?
  • as an business owner how do I thrive or survive in the next 5 years?
  • as a self-employed professional how do I thrive or survive in the next 5 years?

Certainly, I have not finished my studies, but I do have growing knowledge of finance and investment that I aim to pass on.