KEEP IT SERIOUS
If you don't want to involve a lawyer but are keen to impress upon your borrower the seriousness of the loan obligation, then you can buy a personal loan template online for as little as $20-30.
This is one to think about before 30 June. If you need to borrow to contribute $1,000 to invest in your superannuation, in order to receive the $500 Government co-contribution (and you’re confident you can pay the loan off quickly) it may be worth considering.
GET RICH QUICK
Whenever you hear those words, back away.
If it looks like a duck and quacks like a duck…
…if anyone suggests an investment that looks or sounds like it might be a ‘get rich quick’ scheme, a ‘no brainer’, ‘you can’t lose with this one’, be very, very cautious.
Get rich, sure, but do it the smart way… get rich slowly.