ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "EP15 | Escape the Mortgage Trap & Pay Off Your Home Off in Half the Time or Less - Part II"
Episode Synopsis
Summary
In this episode John and Allan discuss specific strategies to pay off a mortgage in 10 years or less. They explore the concept of leveraging more properties to achieve financial freedom and address the fear of taking on more debt.
Highlights
The previous episode covered simple steps to shorten a mortgage, such as optimizing finance and utilizing an offset account.
Leveraging more properties can help pay off a mortgage in 10 to 15 years, creating financial freedom.
Good debt, like investing in property, can be more tax efficient and lead to better gains.
Bad debt, like car loans, depreciates and does not contribute to wealth creation.
The concept of home ownership as good debt is challenged, as the principal home does not generate income.
🔑 Bad debt includes loans on depreciating assets like cars.🔑 Leveraging more properties can lead to financial freedom and getting debt-free on your home mortgage faster.🔑 Good debt, such as investing in property, can be tax efficient and create wealth.🔑 Principal homes are considered bad debt as they do not generate income.
In this episode John and Allan discuss specific strategies to pay off a mortgage in 10 years or less. They explore the concept of leveraging more properties to achieve financial freedom and address the fear of taking on more debt.
Highlights
The previous episode covered simple steps to shorten a mortgage, such as optimizing finance and utilizing an offset account.
Leveraging more properties can help pay off a mortgage in 10 to 15 years, creating financial freedom.
Good debt, like investing in property, can be more tax efficient and lead to better gains.
Bad debt, like car loans, depreciates and does not contribute to wealth creation.
The concept of home ownership as good debt is challenged, as the principal home does not generate income.
🔑 Bad debt includes loans on depreciating assets like cars.🔑 Leveraging more properties can lead to financial freedom and getting debt-free on your home mortgage faster.🔑 Good debt, such as investing in property, can be tax efficient and create wealth.🔑 Principal homes are considered bad debt as they do not generate income.
More episodes of the podcast Property Soup
EP29 | When NOT to Use A Buyer's Agent!
13/09/2024
In God we trust