SE2EP20 - Chasing Two Rabbits
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SE2EP20 - Chasing Two Rabbits
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Don’t get me wrong… paying Principal & Interest is NOT bad.
But context matters.
Right now my nasty, non-deductible owner-occupied debt is already tamed down to about $100k.
So guess what my next target is??
My Investment debt.
That’s called prioritising your rabbits.
First rabbit:
Smash the NON-deductible debt (the tax-unfriendly one).
Second rabbit:
Work the deductible debt strategically as you move toward retirement.
Because here’s the thing…
You can’t chase two rabbits at the same time.
You’ll end up catching neither.
So no — I’m not anti-P&I.
I’m anti-doing things in the wrong order.
If that offends you…
Go to the comments to ROASTS me .
Don't worry your comments won't hurt me because my effective debt repayment strategy has helped 1,000s of ppl build wealth and transition to their DREAM retirement
Knowledge is power (so remember to share it around) .
Maybe your mates want to roast me too (AHHAHAHA)