Читать книгу The Female Investor - Kate Hill - Страница 44

Many years ago, I was advised to fix all of my loans at over 6 per cent (which seemed good at the time) for three years — right before interest rates started falling.

I was totally stuck and couldn't get out of it without massive break fees. I couldn't pay the loans down, even if I wanted to, because of the fixed‐loan restrictions. It killed me for over three years as I watched interest rates drop and drop and drop — and there was me paying bloody 6 per cent! If only I'd left a portion of it variable, I would've felt a bit happier and left myself with some flexibility to pay the loans down.

My finance blunder taught me to listen to advisers who know what they're talking about, who aren't in it for themselves, and who can help you plan out your future borrowings and life goals.