Debt is a double-edged sword, a tool. Used wisely, it can grow one's wealth rapidly by multiplying the gains. In the hands of the foolish, it can be a deadly weapon of self-destruction. Like all tools, it warrants care and mindfulness when it is in use.
A 30 year mortgage is financial slavery, especially if interest rates go up. Putting an extra 15k into super each year is the best thing for Aussies due to the tax benefits.
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Debt is a double-edged sword, a tool. Used wisely, it can grow one's wealth rapidly by multiplying the gains. In the hands of the foolish, it can be a deadly weapon of self-destruction. Like all tools, it warrants care and mindfulness when it is in use.
We’re addicted to it.
A 30 year mortgage is financial slavery, especially if interest rates go up. Putting an extra 15k into super each year is the best thing for Aussies due to the tax benefits.
Yup good idea .... till the day a government decides it will be a 30 % tax on all super investments and contribution