In this episode…
Pat and I discuss different strategies for dealing with debt and mortgages when your goal is financial independence.
Should we focus on investing, or should we aim to be debt-free? Which will help us become financially independent faster?
We explore the ins and outs, and share thoughts on the various options to help you decide what to do.
Listen to the show…
(you can download the mp3 file here)
The worst form of debt (02:31)
Our thoughts on credit cards (06:05)
HECS/HELP debt (08:51)
Mortgage debt and calculating the benefit (13:28)
Should you pay down your home loan or invest? (19:06)
Accessing home equity in retirement (23:56)
How does debt affect our ability to become FI? (28:31)
Mortgage strategies to optimise your cashflow (30:57)
Margin loans and investment loans (47:08)
Takeaways from this episode (52:29)
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