The the fed will reverse the interest rates once everyone has list their jobs.

https://markets.businessinsider.com/news/stocks/fed-rate-hikes-hawkish-powell-recession-risk-layoff-labor-unemployment-2022-11

https://www.cnbc.com/2022/11/08/auto-loan-delinquencies-rise-as-loan-accommodation-programs-end-.html

DebtSafe’s PR & Communications Officer, Carla Oberholzer, explains both the short-term and long-term benefits of signing up for Debt Review/Counselling on VIA TV’s Business that Matters (Besigheid Wat Saak Maak) in 2022’s Season 6, Episode 10.

Are you over-indebted and in need of professional help?
Visit DebtSafe’s website for more information: https://bit.ly/3uqizCy

#returntofinancialfreedom
#debtsafe
#becomedebtfree

Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in fact, many investors are too scared to buy, thinking that today’s interest rates are far too high to buy homes with. If you’re following this thought process, you could be making a BIG mistake.

Welcome back with another Seeing Greene episode, where our “high rates, who cares?” host, David Greene, answers questions directly from investors just like you. In today’s show, David coaches a young investor on building his side business, why quitting your job could be a mistake, and how to learn from past deals to build wealth far faster. Then, David pivots into answering questions from investors on how to get over your fear of taking on good debt, how much to have in safety reserves for your property, and why being scared of high interest rates could hurt you in the long run.

Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!

00:00 Intro
02:07 Quick Tip
02:54 Coaching Call: Financing Deals Without a W2
13:50 Coaching Call: Hard Investing Lessons
20:15 Questions from the Comment Section
25:27 Scared to Take on Debt?
32:26 How Much Cash to Keep On Hand?
36:18 Scared of High Interest Rates?
41:19 Get in The Money Mindset

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Ask David Your Real Estate Investing Question:
https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Fed’s Plan for Future Interest Rates:
https://www.biggerpockets.com/blog/on-the-market-4?utm_source=youtube&utm_medium=description&utm_campaign=none
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Debt Is Good When It Comes to Real Estate:
https://www.biggerpockets.com/blog/good-debt-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with David on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 684

Show notes at: https://www.biggerpockets.com/blog/real-estate-685?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestatepodcast #biggerpockets684

How to survive the debt review process | Debt counseling in South Africa.

We are bookkeepers in Pretoria and we service clients across South Africa. Our focus is on preparing documents for business funding, tax preparation, and clean up of your business books, as well as monthly bookkeeping services.

To find out more about our bookkeeping services go to: https://profitandbooks.com/

I am Olivia Sambo, co-owner of Profits and Bookkeeping Services and Online Marketing Services. I am a qualified Bookkeeper who has studied with the Institute of Certified Bookkeepers, the ICB. My goal with every client is to understand their vision for their company so we can implement systems that will improve their cash flow, money management, and profitability.

Most clients come to me when they want their documents to be prepared for tax or when they want to apply for funding from a bank or a financial institution. In most cases, they’ve never had a bookkeeper, and all those years of neglecting their books take time and knowledge to untangle.

What skills do you need to be a bookkeeper?

You need to be someone who’s meticulous and pays attention to details because one digit in the wrong place can lead to the books not balancing. You need to be patient and focused to capture the information accurately because sometimes these numbers can be very overwhelming. You must be honest and have integrity because you deal with very confidential information about clients. You must honour the trust that your clients put in by safeguarding the trust and protecting their privacy.
As a bookkeeper, you must understand the accounting system and make sense of the debit and credit entries. You must also have a basic understanding of Mathematics.

What does a bookkeeper do?

Bookkeepers capture information from the source documents that a client provides. Different types of accounts then get created to reflect the assets, liabilities, income, expenses, and equity accounts. These accounts will be a reflection of the income and expenses of the business and will be used to prepare management reports for the management of the business or a financial institution.

What are source documents?

Source documents are any proof of the transactions that take place within a business. It could be invoices, receipts, debit notes, credit notes, till slips, etc. It shows the source of the transactions that are reflected on the bank statement. Source documents are also called supporting documents

Why are the source documents so important?

When you look at your bank statements you will mostly see POS purchases when you swipe your debit or credit card to buy goods. When a client pays you it will only show as a deposit.
The source documents will show exactly whether you’ve spent money on fuel, stationery, or printing. It will enable the bookkeeper to put the entry under the right category.

Why do you need a bookkeeper when you apply for funding?

The bank wants to see how well you manage your money, what is your income, what is are your expenses, what part of your business makes the most money, etc. Your bookkeeper will be able to prepare this information when you provide her with your bank statements and source documents. The banks and financial institutions want documents that will give them an overview of your business all in one place. A bookkeeper will know how to use your monthly bank statements to create the right accounts that are needed to prepare the financial reports for the bank. If you don’t have these reports prepared the bank will advise you to find a bookkeeper who can do that for you. If you are a business owner or self-employed the bank will not consider your application for funding without these reports because that is the proof of income they need to see if you qualify for the business loan.

For more information about we what we offer go to:
https://za.pinterest.com/profitsandbooks
https://www.linkedin.com/in/profitsandbooksbookkeepingservices
https://www.facebook.com/profitsandbooksbookkeeping/
https://twitter.com/profitsandbooks
https://anchor.fm/olivia-sambo
https://podcasts.apple.com/us/podcast/rose-tinted-glasses-with-olivia-sambo/id1522074736?uo=4
https://open.spotify.com/show/7JABIEU33PfULlam27sOyY
https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8xOTUxMTA1OC9wb2RjYXN0L3Jzcw==
https://profitsandbooks.blogspot.com/
https://news.google.com/publications/CAAqBwgKMObWnAsw8uC0Aw?hl=en-ZA&gl=ZA&ceid=ZA%3Aen
https://g.page/r/CQEpG0p7PPdiEAE

To find out more about funding go to:
https//:www.Nedbank.co.za
https//:www.FNB.co.za
https//:www.Capitec.co.za
https//:www.Absa.co.za
https//:www.Standardbank.co.za
https//:www.Tymebank.co.za
https//:www.Bankzero.co.za
https//:www.Dti.co.za
https//:www.Nyda.co.za
https//:www.Investec.co.za
https//:www.Bidvest.co.za
https//:www.Sab.co.za
https//:www.Discoverybank.co.za

If you want to become a bookkeeper in South Africa go to:
www.icb.org.za

Apply for Your Personal Loan: https://www.mymoneykarma.com/personal-loan.html
Get Your Free Credit Score: https://www.mymoneykarma.com/credit-score.html

We’re surrounded by information, content and news. Everywhere, all the time. The human mind can only meaningfully absorb a handful of new facts about the world. mymoneykarma’s insights team selects just the bits of news from the finance world that you should know about, things that you can actually do something about right now. Subscribe to our channel so you don’t miss out on our daily updates.

If you’re interested in learning more about practicing Intelligent Finance in your daily life, why not get started with this video here
https://youtu.be/G_DsZ0s379Q

What is mymoneykarma?

This channel is dedicated to simplifying the concepts and best practices of Personal Finance through explainers, FAQs, tips, and educational material. We empower viewers to each become a paragon of Intelligent Finance.

Founded by a group of Stanford alumni with a strong background in banking and technology, MyMoneyKarma has been revolutionizing the Indian Fintech sector and ushering in the future of personal finance. Committed to a social mission of creating a measurable impact on people’s lives, MyMoneyKarma has empowered millions of people to reclaim control over their finances by addressing the 3 biggest issues and barriers in the sector:

Low financial literacy means most people applying for loans, mortgages or credit cards have never checked, nor heard of, their credit scores. By this time, the damage has often been done
Low information transparency means it can be difficult to know the best interest rates for each customer’s unique profile, the financial providers that offer the best terms, and how to maximize one’s chances of being approved (where a rejection further worsens the credit score)
High effort and hassle means one is too hard-pressed to shop around, try multiple options and find the best fit, instead ending up with sub-optimal decisions and a whole lot of wasted time and sweat

MyMoneyKarma’s fully online loan optimization technology helps customers with an extensive range of financial products, delivering the lowest interest rates and comprehensive service at the touch of a button.

Apply for a Home Loan @ https://www.mymoneykarma.com/home-loan.html
Get your Credit Score worth Rs. 4300 for Free @ https://www.mymoneykarma.com/credit-score/credit-score.html
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Former Acting White House Chief of Staff Mick Mulvaney looks ahead to the Federal Reserve’s rate hike and the economy’s impact on the midterm elections. #FOXBusiness

Subscribe to Fox Business! https://bit.ly/2D9Cdse
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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Get your Debt Review Clearance Certificate today. Simply complete the below free online application for assessment and one of our professionals will contact you.

https://ndrc.org.za/debt-review-clearance-certificate/

What is a Debt Review Clearance Certificate?

A debt review clearance certificate is also known as Form19 is a certificate that verifies that a consumer has satisfied all obligations under every credit agreement that was subject to a debt review court order or debt review repayment agreement. This certificate is evidence that you are debt-free and you have completed the debt review process.

The issuing of a clearance certificate as per section 71 of The National Credit Act  (NCA 34 of 2005) signals the end of a successful debt review process. The effect is that even if the consumer has a long-term agreement that was subject to debt review such as a mortgage bond, they can obtain a clearance certificate after every other short-term credit agreement under debt review is paid in full.

In terms of the National Credit Act (NCA) 34 of 2005, the debt counsellor and not a court, must issue a clearance certificate.

This debt review clearance certificate can only be issued by a registered debt counsellor only if:

• All the restructured accounts as per the court order or agreement are paid up in full.
• There are no outstanding debt counselling fees.
• Home Loan or your bond under the above agreement may be excluded. In other words, a clearance certificate can be issued if there is an outstanding balance on your home loan account.

What happens after the Credit Bureaus have received your Debt Review Clearance Certificate?

Once the bureaus receive your Clearance Certificate, they will remove the debt counselling flag off your profile. In addition to this they will remove all your default listings and judgements. The only record that will remain is your payment history. According to the Credit Act, your payment history will remain on your record for two years.

How long until I can apply for credit again after getting my Debt Review Clearance Certificate?

Many people think they can get credit straight away after receiving their clearance certificate.

This is not always possible.

In theory, you should be able to apply for credit again within a week of receiving your Clearance Certificate. But we have seen that the credit bureaus take longer than that to clear your record. We would suggest waiting three months before applying for new credit.

After the credit bureaus receive your Clearance Certificate each account in your Payment History should have a “Paid-Up” or “Closed” status. Since your Payment History remains on your credit report for 2 years your credit score will take some time to become good – as time passes your credit score will improve, and by six months it will be in a much better standing (but you don’t have to wait that long to apply for credit).

Pull your credit report about one month after receiving your Clearance Certificate. Check that everything is in order before applying for credit. If you see that the Debt Review listing still reflects on your credit profile contact the credit bureau immediately to rectify the listing.

Also keep in mind that even though your credit score might be good, credit providers might still have a flag indicating your history on their internal systems. They must also remove those records. It always remains the decision of the credit provider whether or not they want to extend credit to you. If they do decline your credit application, you have a right to know exactly why they declined it.

Conclusion

A consumer under debt review can only be issued with a clearance certificate when:

• When they either have paid up all their debts which were listed in the debt review court order or debt review repayment agreement
• When all their short term credit agreements listed in the debt review court order or debt review repayment agreement which is short term agreements may include a vehicle financing agreement have been paid in full and the consumer is only left with a mortgage loan that is not in arrears in terms of the debt review court order or debt review repayment agreement.

Credit providers must issue paid-up letters on the short-term agreements prior to the issuing of a clearance certificate by the debt counsellor to ensure that the debt has been repaid in full.

Once the clearance certificate is issued this must be forwarded to all the credit bureaus together with the paid-up letters. The debt counsellor and credit bureaus have to update their systems to show that the consumer has successfully completed the debt review process.

Contact The National Debt Review Center experts today. We can help to issue a clearance certificate if all your accounts under debt review have been paid up so that you are able to enter into new credit agreements.

How To Apply For Debt Consolidation Loan?

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In this video we will show you how to pay off credit card debt fast by using debt consolidation. You can go on the debt free journey by using balance transfer and obtain credit card debt freedom.

Speak to the experts regarding your debt. Our debt counsellors are able to assess each individuals financial situation.