What is Debt Recycling? How can it help you manage your loans and restructure them to save money?
Автор: Rise High TV
Загружено: 2021-08-29
Просмотров: 634
Want to pay down your home loan sooner??? Or just thinking about consolidating your existing loans and finance options to save on taxes? Watch this discussion with Joshua Fileti from Synergy Private Wealth to learn how you can use debt recycling to reduce your bad debt, increase your good debt and ultimately put you in a better financial position.
Learn about managing the different kinds of debt - there are good 😇 and bad 😈 ones, and how it will save you money in the long run!
Video Content:
0:00 - Introduction
1:17 - What is good debt and what is bad debt?
4:12 - Debt recycling
6:47 - How to do a debt health checkup
7:43 - Pros and cons of debt recycling
10:55 - Who should consider this strategy?
13:15 - What criteria are important when considering this strategy?
15:05 - How is it done?
17:00 - What happens to the interest of the bad debt?
19:12 - Examples of the strategies success
22:15 - How are accountants different from financial planners
23:25 - Summary
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