2min chapter

Dev Raga Personal Finance cover image

245 money in your 40s and 50s

Dev Raga Personal Finance

CHAPTER

How to Maximize Deductible Loans

The aim of the game remember is to maximize your deductible loans and minimize your non-deductible loans. Let's use an example to highlight these principles. Amy is a consultant urologist and has just turned 40. Her debts are PPR of 1.25 million, investment property 1 750 000, investment property 2 800000. Now luckily she has no consumer debt and she owns her own car outright. But essentially she's got a almost a $3 million debt portfolio. She may wish to consult her financial advisor about this and talk about some of the risks associated with being so debt heavy.

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