The REINVESTORS October Meet Up
Do you have the wrong kind of debt? The kind that is not tax-deductible?
Most of us do. The wealthy have debt too. The difference is they routinely turn their loans into “good debt” by making the interest tax-deductible with the help of expensive accountants and lawyers. So while the wealthy are transforming their house mortgage loans into free tax refunds, the rest of us are paying off huge amounts of mortgage interest with after-tax income. But we can do what the wealthy do...
This month we have Robinson Smith and Megan Betker coming in to share about how you can take advantage of using The Smith Manoeuvre as a real estate investor!
The Smith Manoeuvre employs refined and proven debt conversion techniques to transform mortgage interest into tax deductions. The method has a remarkable snowball effect that generates large and growing annual tax refunds, enables the homeowner to knock years off the life of a non-deductible mortgage and build an impressive financial portfolio at the same time.
Robinson Smith, author of Master Your Mortgage for Financial Freedom: How to Use The Smith Manoeuvre in Canada to Make Your Mortgage Tax Deductible and Create Wealth, will explain how the strategy works and how you can implement it for your family.
Megan Betker, Insurance and Investment Advisor with Sentry West Financial and Smith Maneuver Manoeuvre Credited Certified Professional, will be reviewing how utilizing The Smith Manoeuvre, can assist home owners in creating wealth.
She will address the age old question “Should I pay down my mortgage or invest for retirement?” by explaining how you can accomplish both using The Smith Manoeuvre and how owning an investment property can accelerate this even further.
If you are a home owner, or will be soon, learn how to take advantage of converting bad debt to tax savings, good debt!