If you have acquired Wongaâs Business Methods (WBMs), you will probably know that to beat debt you need a plan. WBMs are âpart timeâ business ideas and if managed with enthusiasm and discipline, they will not only get you out of the red, but they will help you build a growing asset base.
Many people always ask me, "where do I get capital to start with WBMs?" My answer to this question is always sign a loan across the kitchen table instead of a bankerâs desk. Kitchen counter loans leave both parties happy. For example, while banks will charge you interest rates hovering at around 8.5%, you can sign a private loan with your family member in which you make monthly repayments at 6.75%. The beauty here is that all that interest money would stay in the family, rather than make the bankâs pockets faster and of course the best thing is the flexibility to repay the loan.
So, let me know if you are in need of a concise loan agreement that you can use with your family members! I do also have guidelines on how not lose your money and your relationship with your family members!
FAQ on WBMs visit http://pub27.bravenet.com/faq/show.php?usernum=2285354722&catid=9609ÂÂÂ
E-mail: firstname.lastname@example.org, M +27ÂÂÂ 82 926 0390ÂÂÂ ÂÂÂ F +27 86 565 4110 ÂÂÂ ÂÂÂ
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