101 Ways to Get Out Of Debt and On the Road to Wealth

Ashley Ormond was one of Australia's first PC-equipped'mobile lenders', starting out in the early 1980s witha financial calculator, a dual-floppy drive Compaq portable PC anda portable Epson thermal printer in his car. This was before theage of mobile phones, the internet, Windows, Excel, or even harddrives. It was back in the days when:
* lenders actually analysed each borrower'sability to repay
* borrowers actually had to have a job or othersource of income
* borrowers actually had to have proof of a savingsrecord, proof of income, proof of assets
* lenders had to actually think about how each debtwould be repaid, instead of just shovelling money out thedoor
* lenders actually retained the credit risk andretained the ownership of loans, instead of just selling them tounsuspecting bond-holders on the other side of the world.
His banking and finance career included several senior executiveroles at major Australian and international banking and financegroups, including running branch networks, lending operations,product development, pricing and financial control. His formalqualifications include a Bachelor and Masters in Law, a Bachelor ofArts in Economic History and a Graduate Diploma in Applied Financeand Investment. He has also lectured for the Securities Instituteof Australia. Since 'retiring' at 40, he has been adirector of several companies, including listed, private andnot-for-profit companies and a charitable foundation.
Ashley is the principal of Investing 101 Pty Ltd, a specialistinvestment research firm that holds an Australian FinancialServices Licence. He is a sought-after speaker and commentator onfinancial markets and has written two best-selling books onfinance: How to Give Your Kids $1 Million Each! and$1 Million for Life.