Podcast: Debt Recycling Strategy in Australia - The Good, the Bad, and the Ugly.

Debt Recycling Strategy - The good, the bad, and the ugly; the pitfalls to avoid, the times to use it, but most importantly avoiding any kind of emotional strain that may force you into that decision. Join us as we dive further into this topic. Enjoy the show!
The first important thing that you should know is how to differentiate between good debt and bad debt. Good debt is when you bought an asset like a house. A mortgage is a loan that you owe but the idea is this asset goes up in value and can be profitable for you. While bad debts are credit cards or car loans, if you don't have the right structure to deduct the cost of your car. Basically bad debts are the use of money for some consumables or some ways without gaining any profit from it. This is the traditional way of differentiation good debt and bad debt. But for our topic of Debt Recycling, we will be looking at good debt and bad debt in a slightly different way. Be sure to check out the full podcast to know more.
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[@lunaroseh322]

Thank you so much for your sound advice. The holistic approach and insight not only focusing on benefits but also risks bring the content to next level compared to others. It helps me a lot with decision-making about debt recycling strategy. Cheers!

[@australianinvestmenteducation]

You are so welcome!

[@elfridarozalyn8933]

thank you

[@siennakarki47]

Very good content

[@vampire98272]

Great content ...thanks for clarifying what the strategy is and warn people the risk vs benefit.

[@australianinvestmenteducation]

My pleasure!

[@BB82739]

Thank you