Welcome back to another episode of the 360 Money Matter Podcast! Negative gearing is a strategy and concept that we have all probably heard of at some point. In this episode, we will examine this concept, discuss the strategy and help you make an informed decision if this is right for you.
At surface level, negative gearing can give you great benefits such as accumulating assets to build wealth, and obtain a tax deduction. We're diving deep in this episode to show you what's beyond the surface of this well-known, tax-effective strategy that people will usually resort to when they have a tax problem.
Negative gearing is a high-risk way of investing in property so it's important that you consider your overall situation and capacity to commit to this long-term strategy. Because if not handled correctly, it can be quite dangerous.
The safest way to go about this is really getting professional advice that is specifically for you!
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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
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