Is your home the worst investment you’ll ever make?
Description
If it wasn’t said by a top financial adviser, you might dismiss it as a quote out of context, but Partners Wealth Group Jack Tossol is not kidding: He says a generation that has ‘sunk everything’ into the family home will miss the chance to have a successful tax-deductible investment plan.
It’s a provocative notion, challenging die-hard principles of money management, but with house prices moving higher again...you have to listen.
Financial adviser Jack Tossol of Partners Wealth Group joins Associate Editor - Wealth, James Kirby, in this episode.
In today’s show, we cover
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No tax deduction, no income…Is home ownership overrated?
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Why ‘Rentvesting’ is worth revisiting
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Are you facing decades of ‘dead money' in your home mortgage?
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Challenging the ‘retirement sweet spot’
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