Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed debt recycling, a method of turning owner-occupied debt that is not deductible into deductible debt in order to pay off your mortgage quicker. By withdrawing equity from a property and using it for investments, debt can be transformed. The debt that is not deductible is subsequently paid off with the investment proceeds.
Discover how to turn non-deductible debt into deductible debt, accelerate your mortgage payments, and make informed decisions about your financial future. Don't miss out on this opportunity to take control of your finances and build a brighter tomorrow!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
What is debt recycling
Owner occupied debt
Good debt and bad debt
Implementing debt recycling and how does it work
About managing debt and overall strategy
Criteria for considering debt recycling
How to utilize debt recycling and its benefits and risks
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