Know Your Money with Bronwyn Waner and Craig Finch

63. Paying your bond of quickly VS investing


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Ever wrestled with the dilemma of whether to funnel extra funds into your mortgage or the stock market? Our insightful discussion with finance gurus Bronwyn and Craig promises to arm you with the knowledge to make that decision with confidence. We delve into the nitty-gritty of home loan strategies versus investment opportunities, dissecting the impacts of interest rates and the necessity for disciplined saving. By examining the potential risks of mortgage redraw facilities and the alluring returns of money market accounts and retirement annuities, we aim to guide you through the maze of financial choices to secure a prosperous future.

As we pivot to the delicate art of balancing your financial portfolio, you'll learn why putting all your eggs in the debt repayment basket could spell trouble. We underscore the significance of nurturing emergency funds, savings, and retirement plans, alongside debt reduction. Bronwyn and Craig share their expertise on how to wisely distribute lump sums and diversify monthly debits, highlighting how certain debts can be leveraged for tax benefits. This episode is a treasure trove of strategies, offering personalized insights to ensure that every facet of your financial wellbeing is fortified for the long haul.

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Know Your Money with Bronwyn Waner and Craig FinchBy Know Your Money