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298 Be wary of living out of your home loan
Manage episode 355814464 series 2872239
If you have a home loan and can draw from it, that’s a good thing, right? Not necessarily. While having your income be paid directly into your loan account can reduce your interest, the negatives of doing this well and truly outweigh the positives.
In this episode, Michael and Dallas discuss what the negatives are, and why you are better off having your salary paid into your bank account, instead.
For more information, please visit www.mo50.com.au
337 episodes
Manage episode 355814464 series 2872239
If you have a home loan and can draw from it, that’s a good thing, right? Not necessarily. While having your income be paid directly into your loan account can reduce your interest, the negatives of doing this well and truly outweigh the positives.
In this episode, Michael and Dallas discuss what the negatives are, and why you are better off having your salary paid into your bank account, instead.
For more information, please visit www.mo50.com.au
337 episodes
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