Written by Daniel Latto in Latest News, News

  • Home
  • /
  • Blog
  • /
  • Throwback Videos | The UK Debt Problem Is About To Erupt – And The Banks Are Worried
June 20, 2018

The UK Debt Problem Is About To Erupt – And The Banks Are Worried.

Should you be ?

Well maybe, especially if you have tenants who may have a lot of debt.

Not only do debt affect the person in debt but also the people around them: their family, their spouse, their children and sometimes, their landlord. A person in debt is going to be very cautious about their money and would try to push back having to pay them as long as they possibly can, otherwise, they wouldn’t be in debt.

Try and help them, before their problem becomes your problem and the rent isn’t paid.

But what about you ?

Debt is most often than not seen as a huge weight on one's shoulder because as they say, money makes the world go round and as much as people rationalize and deny it, we can't overlook that most of our actions, motives and goals are driven financially.

If you have credit card debt or loans then maybe so - now is the time to start paying that lot down.

We call it 'bad debt' (as opposed to good debt which are things like mortgages etc that helps put money INTO your pocket).

Too much bad debt can slow you down, make you sluggish and hold you back.

Pay it down as fast as possible.

Then take a look at your income to debt ratio - and see if you're comfortable with it.

I cover a lot about debt and getting out of it on my podcasts which can be found here : https://www.daniellatto.co.uk, and don't forget to subscribe to my Youtube Channel!

Speak soon,

Dan Latto

Join Me In My Exclusive Facebook Group

About the author 

Daniel Latto

The Daniel Digital Marketing Agency is a Full Service Digital Marketing Agency.

They produce thousands of pieces of content including videos, imeages and written copy and then schedule it on behalf of clients.

Daniel advises businesses on marketing on Social Media using both Paid and Organic content. His top rated iTunes Podcast; 'The Wealth Creation Show' has hundreds of thousands of listeners around the world.