For most of us, debt is a necessity to owning our own home, thus it is an important aspect of our financial plan. Elimination of this (non tax-deductible) debt is a significant step towards your financial independence as it allows you to:
Redirect surplus income to wealth accumulation strategies;
Diversify your assets;
Reduce the financial risk of you being unable to service your loan if you lose your job through redundancy or disablement.
Accordingly, we advise on the best ways to structure your debt (offset accounts, principal and interest vs. interest only repayments, fixed vs. variable interest loans), how to manage it and, ultimately, how to eliminate it to achieve your long term financial aspirations.
Borrow to invest
The strategic use of (tax-deductible) debt for investment purposes is a powerful way of accelerating wealth creation, and may provide further diversification of your assets. Borrowing to invest is not for everyone however, as it is not without risk.
Where it is to form part of your wealth accumulation strategy, we will advise you on how to use debt appropriately to accelerate your wealth, namely:
How much to borrow;
How to structure your debt (including re-structuring your existing non tax-deductible debt);
