“Having a buffer in an offset account, genuine reserve that you don't touch unless you have to. That's the way it will keep you in the game when interest rates rise...”

Michael Yardney · Property Investment & Wealth Creation Australia | The Michael Yardney Podcast · Nobody Tells You These 10 Truths About Building Wealth Through Property

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5:25

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What was described

Maintain a cash-flow buffer in an offset account and only use it when absolutely necessary

Said nearby on the same subject

“Traditional controls ... are absolutely necessary. They are the foundation on which everything else is built”
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Dan Stocker
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“Offset account… loan limit minus what you've got in your offset account… $500,000 loan, $100,000 in savings… charged interest on $400,000”
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Pat Noll
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How they work $500,000 loan, $100,000 in offset → interest charged on $400,000 Share this moment
“If you want to like give it a try, just go for a walk and maintain nasal only breathing. You should be able to maintain nasal in, nasal out when you walk.”
♫
Said on The #WhatsNext Podcast
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“If they did nothing else, but set up another offset account or another bank account, and just transferred $640 a week to that account”
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Glen James
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How they work 640 per week Share this moment

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