Welcome back to another episode of the 360 Money Matter Podcast!
If you have a surplus of money, what should you do? Pay off your mortgage or invest? Both can provide attractive options to help facilitate your wealth creation and retirement goals and each option has its benefits.
Today, we will talk about the things to consider when deciding on if you should pay down your mortgage or invest in the market. When helping formulate a strategy, we will frequently examine; the rate of interest, whether the mortgage is investment or owner occupied, current market circumstances and opportunities, as well as your personal preferences and risk tolerance.
Consult a financial advisor and a tax advisor to help determine what your strategy should be, but before you do that here is some good information 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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