Retirement should be about freedom. But too many Australians are retiring without freeing themselves from the biggest master of all – debt and the Banks they owe money to.
In the perfect world, we’d all be debt free.
For most of us though, we can’t get by without it. The question is, how much debt is enough? As they say, a little bit of something is alright, but too much is another story.
THE nation’s largest lender, Commonwealth Bank, has made a drastic move to put the brakes on investment lending. In a decision, that will likely see other lenders follow, the bank said it would be stopping the acceptance of any new refinance applications for investor loans from Monday February 13.