On behalf of the management of WesTrac, I would like to thank you and your team for the valuable assistance given to us in determining the content and facilitating the cultural integration sessions that took place as a result of a new business acquisition. We have had a lot of positive feedback from both the management of WesTrac and the newly acquired employees
How’s Your Financial Awareness, Are you a Credidiot?
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Key Learning Outcomes
Your tailored Are you a Credidiot® workshop will give you the skills to:
- Leverage your knowledge to win more concessions from the credit card suppliers.
- Critique your current purchasing style.
- Understand the psychology of credit card buying behaviour.
- Oppose the marketing forces that lure you towards an additional credit card.
- Review your attitude to credit.
- Reframe the positive image of credit card debt for your partner, family and friends.
- Scan the buying behaviour of the world’s richest people.
- Calibrate your credit card willingness to change scales.
- Develop a plan of attack to reduce interest payments.
- Reduce credit card debt immediately.
Course Description
If you answered "Yes" to any of the above questions, you are a CREDIDIOT®. How's your personal financial awareness? Credit companies make billions of dollars every year from CREDIDIOTS. Not long ago, people prided themselves with how little debt they had, whereas nowadays, marketers have made it almost trendy to be severely in credit card debt (to large organisations). Personal banking behaviour is now a huge industry. Below are the 11 golden rules to reduce credit card expenditure and interest rates.
Follow these credit card rules, and you will stop wasting valuable dollars paying inflated interest payments. Do yourself and your family a favour and don't be a CREDIDIOT®. Learn how to reduce credit card debt and make sure you attend this credit card reduction training program.
- The best number of credit cards to own is zero. Credit cards are too tempting, and the cash is far too available.
- The only other acceptable amount of credit cards is one. Refer to all other credit cards in your possession as credidiot® cards.
- Phone all the major credit card companies and ask for their current credit card interest rates.
- Ignore the enticement offers of low interest credit card rates as once the honeymoon period expires these rates are likely to rise
- Ask competing credit card companies if they are interested in taking on the debt from an existing card. This "Balance Transfer" is standard practice, and a competing bank will often offer you a very low balance transfer rate. The bank will transfer the debt to your card but will charge you a far lower interest rate on the transferred amount.
- Enquire at your bank about a term loan to pay off your credit card. You can get a term loan at a far lower interest rate. Write a promise to yourself that if you get the loan then you will cut up the credit card. Otherwise, you will have increased your credidiot® behaviour by getting more lines of credit.
- Pay your debts according to the highest interest rates. Identify the highest interest rate and make it a goal to rid yourself of this millstone.
- Call your credit card institution and tell them you want a reduced interest rate. You will be surprised how willing they will be. Credidiots are always very profitable, and credit institutions are very smart businesses.
- Fight back against the people that make credit seem trendy. Every time you hear the word credit, think Credidiot®.
- Don't get overexcited about collecting credit points. If you really want that trip overseas, cut the credit, and you will be able to afford it at its normal price very soon. You will also enjoy the trip more as you know you haven't been saddled with extra debt.
- Avoid annual charges, call your bank and tell them that you don't pay annual credit card fees. You might be surprised how willing they might be to waive these fees for you.
How's Your Financial Awareness In-House Program Details
For maximum effectiveness, this program is best conducted as an in-house program.
Ideal group size: 4–20 participants.
Venue: For your convenience, you can choose to conduct this program at your business premises. Alternatively, we can provide a training venue at a small additional cost.
Duration: Usually conducted as a 60 minute or 90-minute session.
Cost: Price on request.
Target Audience: All staff.
If you would like more information on this training program, please contact: Deborah Dear on 1300 323 752 or email: ddear@preftrain.com or contact us online today.
Note: Credidiot® is a Registered Trademark of Niall Kennedy. All rights reserved.

Australia-wide training courses and workshops
At Preferred Training Networks, we provide both in-person and online training programs for a wide range of organisations across Australia. Our How’s Your Financial Awareness, Are you a Credidiot? is run by experienced, qualified experts and tailored to the needs of your business and your employees. Our leadership and management education courses are designed to help your team thrive and develop valuable skills that can transform your workplace.
With programs available in Sydney, Canberra, Melbourne, Perth, Adelaide, Brisbane and other areas of Australia, we’re able to help businesses across the country create lasting behavioural change and provide them with the tools they need to reach new heights. If you think your business would benefit from How’s Your Financial Awareness, Are you a Credidiot? and the help of our professional coaching network, take the first step and contact our team today. Wherever you are in Australia, our coaching program can either come to your organisation or we organise a venue for your convenience. Find out what our training, workshops and skills courses can do for your business and reap the benefits for years to come.
Get your free online quote right now or give us a call on 1300 323 752 to find out more about Preferred Training Networks and discuss your requirements with us.