Debt Recycling - does it work?
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Debt Recycling - does it work?
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About this listen
Debt recycling is a sophisticated financial strategy used by Australian homeowners to transform non-deductible mortgage debt into tax-deductible investment debt. The process typically involves using home equity to fund the purchase of income-producing assets, such as shares or property, which then generate returns to accelerate mortgage repayments. By splitting loans into separate accounts, borrowers can maintain the clear records required by the ATO to claim interest deductions. This method aims to build long-term wealth and achieve a debt-free status sooner without necessarily increasing total liabilities
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You can find out more at https://www.mortgagechoice.com.au/richard.ferguson/
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.