EP 030:
As an investor, I'm sure you have heard every tip or trick to speed up the process…
If you’ve been in the game for some time now,
I can imagine nothing surprises you anymore…
So, today I’m going to test that! 😂
With the idea of RECYCLING!
What if I said that there was a way to optimise the way you use debt?
Specifically non-tax-deductible debt
(the debt on your principal place of residence - PPOR)
Well, it’s a magical thing called Debt Recycling…
If used correctly, the advantages here can be an unlocker!
(I feel like a broken record… but…
This is not financial advice,
I don’t know your situation at all,
Speak to a professional before making any decisions)
What to learn more?
In this week’s podcast episode, Grant and I are unlocking the secrets behind debt recycling as we speak with our resident mortgage broker, Aaron Whybrow…
So that you can explore if it’s possible to legally minimise your tax and build wealth faster!
We’ll be discussing:
- What is debt recycling?
- How effective is it?
- Who should and shouldn’t be using it
- As well as how it affects trust and more!
PS: So, have you heard of this before?
If so, have you actually used it to your benefit?
Episode Highlights:
00:00 Welcome to Property and Investing
03:28 Is it a busy time for Aaron?
04:41 What is debt recycling?
09:10 Is debt recycling cross-collateralising assets?
11:06 How effective is using debt that is non-tax deductible as a strategy?
13:12 Can you leverage debt recycling to buy a PPR?
15:23 Who shouldn’t use debt recycling?
20:30 Is it possible to make a heap of tax-deductible debt non-tax deductible?
25:53 Better strategies to buy a PPR instead of debt recycling
29:58 Holding on to assets isn’t always beneficial
31:45 Impacts of debt recycling on investments that are in trusts
If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!
Resources:
○ Property and Investing website: https://propertyandinvesting.com/
○ If you want to find out more about our guest, Aaron Whybrow, head over to: https://propertyandinvesting.com/partners/
About the Guest:
Aaron Whybrow is the founder of Diagnostics and Finance, a Financial Broking and Personal Risk Insurance Business.
Diagnostics & Finance (ARW Financial Services Pty Ltd) is a Credit Representative 425540 of Finsure Finance & Insurance ACL 384704.
He is known as the ‘bagpiping mortgage broker’, who prides himself on having no ‘flats’ in his career. He blends his experiences as a former intensive care unit nurse and medical sales rep to provide the best outcomes for his clients.
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DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.
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