Debt Reduction Strategies
Debt reduction strategies effectively help you eradicate non tax-deductible debt (bad debt) faster.
This can involve creating tax-deductible debt (good debt) by acquiring investment assets that have minimal impact on your overall personal cash flow. It converts bad debt into good debt.
This strategy requires sufficient equity in the family home and involves using the cash flow from the investment asset to pay down your non-tax deductible debt (e.g. home loan, personal loans). The correct investment structure is essential.
Chris Humphrey Private Wealth Management is conveniently located on the outskirts of Brisbane's CBD.
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