Debt recycling with blue chip shares as a wealth building strategy
Swapping bad debt, that is not tax deductible, for good debt, which is deductible, can generate huge financial gains, especially when combined with blue chip share investment.
The average wage earner will pay more than $1 million in tax in their lifetime but restructuring debt and investment portfolios can reduce that burden significantly. (Image source: Shutterstock.com)
If you’re an Australian homeowner looking to build wealth using your family home, debt recycling might be the strategy that has been missing from your toolkit.
It’s a powerful way to turn your non-deductible home loan (the loan on your main residence) into tax-deductible investment debt. This strategy can help you reduce your home loan faster or generate additional income — especially when focused on stable Australian blue-chip shares that pay f…
