Rhiannon Williamson states that future financial success is not a guarantee that any one of us can rely upon, no matter how wealthy we are now or intend to become. In this article she outlines some basic truths and how you can work them into your personal life. There are however five future proofing financial steps that we can take to protect our current financial status, improve our future financial prospects and secure our long-term financial success. 1) Know The Different Between Good Debt & Bad Debt Bad debt is any debt that accrues interest month after month on outstanding balances and includes credit card debt of course, which is now the most common type of bad debt that we are all burdened with. Other examples of bad debt include store card debt, home secured loans other than your mortgage and any money borrowed from lenders dealing with high risk borrowers as they charge the highest rates of interest and have the most restrictive and…
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