152 Getting started with Debt Recycling
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152 Getting started with Debt Recycling
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In this episode we cover the primary methods people use to get started with debt recycling.
Some people prefer to take a leap by taking on additional borrowings to invest while others prefer to pay down the loan first, redraw then invest. Some prefer to refinance their loan to a mortgage product specifically designed to optimise debt management.
Each approach has it's advantages and pitfalls, so we will walk you through the tips and traps of each approach so you can avoid costly mistakes like mixing your loan and losing out on otherwise eligible tax deductions.
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