245 money in your 40s and 50s
Dev Raga Personal Finance
00:00
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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