“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”
PN
Pat Noll
Equity Mates Investing Podcast ·
“I often suggest you have them in an offset account, where it actually means that you're not paying interest for the amount of cash that you've got there.”
Michael Yardney · Property Investment & Wealth Creation Australia | The Michael Yardney Podcast · Property Investors: Why Playing It Safe Could Cost You a Fortune
Play from 9:27
9:27
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What was described
keep cash reserves in an offset account so the cash does not accrue interest charges
Said nearby on the same subject
“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...”
MY
Michael Yardney
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast ·
“The typical interest rate on a savings account is so low you need a magnifying glass; cash in a whole life policy grows guaranteed and pays dividends.”
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Said on Entrepreneurs on Fire
“We legislated a permanent loss carry back tax offset to support small businesses cash flow and resilience.”
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Said on Australian Parliament: House of Representatives
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