Money Minded #25 Debt recycling: how to use your home to build passive income (and smash your mortgage)
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In this episode, Ryan and Terry discuss a clever way to use equity in your home to build an ever growing stream of passive income. Financially savvy Aussies are using this little known strategy to pay off their home loan faster, save tens of thousands in tax, and accelerate their path to financial freedom. If you've been concerned that paying down debt is limiting your ability to grow your wealth, this episode is for you.
Also in this episode:
- How debt recycling is like fitness training
- Who should and shouldn't pursue this strategy.
- The essential ingredients that must be true for this approach to work.
- The 6 steps for executing this strategy with precision
- A fully worked example with actual numbers and assumptions
- The key considerations relevant that play a role in how effective this can be.
Show notes
Click here for the show notes, links to all resources mentioned and a full transcript.
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