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Speaker 1: Good morning, everyone, and welcome back to Sugar Mamma's Fireplay,

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Speaker 1: the podcast that ignites your financial journey with inspiring stories

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Speaker 1: and innovative strategies. I am your host, as always, financial

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Speaker 1: planner Canna Campbell. Now today is an Ask Adam series.

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Speaker 1: Adam McCabe is actually my personal mortgage broker, and he

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Speaker 1: has looked after myself and my financial planning clients. And

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Speaker 1: I've known him for eighteen years, which makes me feel

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Speaker 1: very old today. So if you ever want some advice,

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Speaker 1: by all means, please reach out to Adam. And also

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Speaker 1: note that I receive absolutely no benefit in his recommendation

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Speaker 1: or referral whatsoever. I am just happy to genuinely and

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Speaker 1: wholeheartedly share this amazing resource and I guess font of

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Speaker 1: knowledge and wisdom to help you in your financial journey

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Speaker 1: because I know that good advice is very hard to find.

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Speaker 1: So this morning, we're going to be talking about debt recycling,

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Speaker 1: and I'm going to pick Adam's brain and ask him

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Speaker 1: everything about debt recycling. But before we begin, it is

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Speaker 1: important that you're aware that of my general advice warning,

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Speaker 1: just because we're talking about debt recycling does not mean

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Speaker 1: I'm recommending.

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Speaker 2: That you do this strategy for yourself.

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Speaker 1: However, what I am recommending is that you invest some

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Speaker 1: time right now understanding how this strategy works, so that

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Speaker 1: if potentially, whether it be now or in five years time,

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Speaker 1: you may know if this strategy may be right for you,

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Speaker 1: and you know how to do it wisely, in an

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Speaker 1: intelligent way, and proactively manage the risks to the best

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Speaker 1: of your ability. Because debt recycling is definitely a high

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Speaker 1: risk strategy. So now that I've done all of this

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Speaker 1: very important upfront disclosure and warning, let us continue with

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Speaker 1: our Ask Adam series from Blue Lantern Financial Services. All Right, Adam,

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Speaker 1: So I had a very important, long winded introduction for

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Speaker 1: debt recycling because obviously it is a high risk strategy,

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Speaker 1: but it's also is a very powerful one of allowing

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Speaker 1: people to I guess, diversify and expand out of property

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Speaker 1: into other areas and actually accumulate assets, you know, beyond

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Speaker 1: a home that actually allow them to continue on their

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Speaker 1: financial freedom journey and acquire assets to produce capital growth

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Speaker 1: over the long run and obviously long term passive income sources.

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Speaker 1: So I really want to just I guess, delve deep

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Speaker 1: into the intricacies and also the process behind this strategy,

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Speaker 1: so that people can understand what's involved, what they need

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Speaker 1: to think of before they make any decisions, and how

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Speaker 1: this actually can really help people on their financial journey

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Speaker 1: in creating independence for themselves. The first question I want

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Speaker 1: to ask you is actually about the banks. It's not

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Speaker 1: a normal straightforward process with this type of loan. It

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Speaker 1: is so many other factors come in because there are

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Speaker 1: more risks on the table. Can you just explain to

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Speaker 1: us how the banks look at a debt recycling strategy,

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Speaker 1: you know, serviceability, and actually decide whether this person can

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Speaker 1: actually qualify for a debt recycling strategy or an investment

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Speaker 1: loan secuit against their home.

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Speaker 3: There's two options for the debt recycling and accessing the equity.

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Speaker 3: So there's the first one being recycling your home loan,

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Speaker 3: so paying your debt down. For example, let's say you

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Speaker 3: pay your mortgage down by fifty k. You then draw

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Speaker 3: that fifty k back out, split it off as a

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Speaker 3: separate loan.

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Speaker 1: Invest that option too, And I have to say that's very

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Speaker 1: important because some people just go and redraw it back

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Speaker 1: out and go and invest it. Got to make sure

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Speaker 1: you contact the bank and get it switched to go

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Speaker 1: over to an investment loan so that you can actually

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Speaker 1: show that is now deductible debt, or.

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Speaker 3: Even just a separate loan account so that it's not

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Speaker 3: diluted with your home liane interest which is not in deductment. Yeah. Correct,

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Speaker 3: So that's option one. Ideally, you want to be able

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Speaker 3: to do that without too much hassle, So no fass

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Speaker 3: so whether it's a phone call to your bank or

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Speaker 3: filling a form out the easiest options. Some options you

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Speaker 3: do need to go through more of an application process

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Speaker 3: to split that off. Option two is to contact your

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Speaker 3: bank and leverage the equity you've got in your existing

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Speaker 3: property and take out a new line investment line.

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Speaker 1: So for someone who's new to this type of strategy,

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Speaker 1: that's probably where their lands correct, unless.

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Speaker 3: They've got large you know, whether it be bonuses or

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Speaker 3: commissions coming in tax refunds that they can pay a

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Speaker 3: chunk off their homelan and do option one. Then option

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Speaker 3: two is the most common. You're accessing your equity and

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Speaker 3: buying for whether it be investment in shares, many's funds

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Speaker 3: of property, but most common shares.

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Speaker 2: How much equity do you really need? Well, for the.

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Speaker 3: Purpose of going through the process. You want to be

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Speaker 3: able to access Well, it depends on budget as well.

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Speaker 3: You know you've got to be able to afford the repayments.

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Speaker 2: Yes services, yeah, exactly, and pay it off the time.

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Speaker 3: So you know, most people I have the conversation with

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Speaker 3: you looking at the fifty k amount. So you know

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Speaker 3: you need to have the equity to borrow fifty k,

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Speaker 3: which isn't a huge amount, but depending on your properly

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Speaker 3: value overall property value, I guess.

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Speaker 1: And if you're applying for a fifty thousand dollars alone,

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Speaker 1: you don't necessarily need to start paying interest on that

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Speaker 1: fifty thousand dollars. You don't have to immediately draw it

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Speaker 1: and invest it. You can actually invest, say ten thousand

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Speaker 1: dollars at a time, and so you know, each time

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Speaker 1: you take a ten thousand on that, you're charged interest

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Speaker 1: on that ten thousand dollars withdraw. So some people like

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Speaker 1: to set this up but don't necessarily pull the trigger

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Speaker 1: correct for a few months or even a year later

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Speaker 1: until they're ready.

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Speaker 2: But they have that structure set up in place.

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Speaker 3: Well, that's right, and you know what, if I'm being ready,

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Speaker 3: you know you might get the money within a couple

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Speaker 3: of days, but then the decision of what you're going

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Speaker 3: to invest that in. Are you putting it all into

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Speaker 3: one equity or for a couple So stepping it is

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Speaker 3: good decision as well, so that you're not putting too

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Speaker 3: much pressure on yourself or putting all your eggs in

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Speaker 3: one basket.

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Speaker 1: Yeah, it also allows you to sort of look at

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Speaker 1: what's going on financially and the interest and so forth,

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Speaker 1: and obviously all the opportunities that come up to invest

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Speaker 1: in now the various different assets lines. Correct, Can we

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Speaker 1: talk about the interest rate because obviously being a recycling strategy,

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Speaker 1: there's more risks.

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Speaker 2: How much more do you have to pay? Interest rate wise?

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Speaker 3: Most investment loans come at an increase rate. You're looking

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Speaker 3: anywhere from say twenty basis points to maybe even sixty

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Speaker 3: basis points higher. And then if it's interest only instead

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Speaker 3: of principal and interest, that can step up higher again,

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Speaker 3: but fall in that twenty basis points to sixty basis

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Speaker 3: points increase compared to home loan rates, So not huge

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Speaker 3: but enough for you to feel. But that's why it's

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Speaker 3: good to start at a low loan amount and a

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Speaker 3: low investment amount so that if you're talking about fifty

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Speaker 3: zero interests, monthly interest on fifty thousand would be about

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Speaker 3: three hundred dollars a month.

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Speaker 1: Can ask you a personal question, and I say personal stress.

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Speaker 1: A professionally personal question, man, what are your thoughts on

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Speaker 1: having the loan? You know, particularly for people who are

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Speaker 1: conservative with risk, they want to do this, and they

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Speaker 1: understand the risk. They also want to do it conservatively,

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Speaker 1: having both loans on principle and interest, avoiding the interest

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Speaker 1: only loan, that is, for the interest investment loan.

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Speaker 3: Do you think that I encourage that. I've always encourage that.

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Speaker 3: There's a couple of reasons. One we just spoke about

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Speaker 3: being a higher interest rate if you're paying interest only,

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Speaker 3: not principal and interest. But going back to our example,

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Speaker 3: if we're talking about fifty thousand dollars, so a principal

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Speaker 3: and interest sorry, let's start with interest only interest only

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Speaker 3: repayment on a fifty thousand dollars loan. Let's assume an

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Speaker 3: interest rate of six point eight percent is about two

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Speaker 3: hundred and eighty five dollars a month. Now, if you

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Speaker 3: would put that fifty thousand dollar loan on principle and

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Speaker 3: interest at say six point four percent. The monthly payment

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Speaker 3: is three hundred and thirteen dollars, so you're talking about thirty.

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Speaker 1: Dollars a month difference, and you've got that peace of

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Speaker 1: mind knowing that that investment loan is actually reducing over

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Speaker 1: time and the equity is built within it, assuming the

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Speaker 1: returns are positive.

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Speaker 3: Because one thing that not many consumers are aware of

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Speaker 3: is interest only loans. You know, the music stops eventually,

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Speaker 3: And what I mean by that is the maximum interest

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Speaker 3: only term you can get with anyone lender is ten years.

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Speaker 3: So if you take a thirty year loan term and

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Speaker 3: you do interest only for the first ten years or

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Speaker 3: first five years, after the end of that interest only period,

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Speaker 3: you need to go to principal interest payments or extend

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Speaker 3: it for another five years. So after the first five

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Speaker 3: years of interest only, if you then go to principal

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Speaker 3: and interest your monthly repayment will be three hundred and

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Speaker 3: forty seven per month, so another thirty five dollars per

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Speaker 3: month higher than what it was at the initial thirty

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Speaker 3: u term. And if you wait ten years, if you

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Speaker 3: do ten years of interest only, the monthly payment with

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Speaker 3: principal and interest for the remaining twenty years would be

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Speaker 3: three hundred and eighty two dollars.

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Speaker 1: So it pays to have a principal and interest loan

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Speaker 1: set up front for your own debt recycling strategy.

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Speaker 3: When you think about thirty dollars, if you can afford

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Speaker 3: to decide to do this debt recycling and take out

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Speaker 3: fifty thousand to invest, then you are doing that on

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Speaker 3: the assumption that you can afford three hundred do dollars

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Speaker 3: a month. What's ten percent of that? You know, in

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Speaker 3: the scheme of things, when we're talking about what's in

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Speaker 3: your best interest, it is to do principal and interest

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Speaker 3: on that amount interest only. Are you just delaying it?

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Speaker 3: The bank's the only real winner. There is the thought

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Speaker 3: that you're using your surplus cash flow to pay off

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Speaker 3: your non deductible debt first. But if all you're doing

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Speaker 3: is making your minimum monthly payment on your homelan, then

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Speaker 3: it doesn't make sense just to do principal and interest

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Speaker 3: on everything, because if you're not making additional lumps on

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Speaker 3: payments off your homelane, the argument of paying interest only

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Speaker 3: to focus on your non deductible debt doesn't stack up

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Speaker 3: because you're not making additional payments you're just doing a

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Speaker 3: bare minimum.

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Speaker 2: And that also might be a red flag.

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Speaker 1: This isn't actually the right strategy for someone of that

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Speaker 1: sort of mindset.

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Speaker 3: Correct, correct, and you need to be able to afford it.

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Speaker 3: And that's why I just think it makes sense to

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Speaker 3: pay prints more and interest even though it's deductible debt.

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Speaker 3: We're talking of small amounts, so that the interest or

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Speaker 3: the tax deduction that tax deductions that reduce as you

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Speaker 3: pay your loan.

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Speaker 1: Of the minimal insignificant and that peace of mind you

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Speaker 1: get seeing that Longe coming in I think is very

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Speaker 1: much worth it, because you know, progress for fuel successes.

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Speaker 1: They always like to say talking of reducing risk. And

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Speaker 1: you know, as you've just said, having these loans set

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Speaker 1: up a particular moment with the interest rates being much

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Speaker 1: more efficient with a P and I structure. What are

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Speaker 1: other things that you would recommend people do to help

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Speaker 1: reduce the risks? You know, obviously having a budget, other

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Speaker 1: things like insurance. Is what do you recommend to help

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Speaker 1: make this strategy work for them correctly in the right

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Speaker 1: type of way.

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Speaker 3: Well, you need to make the right decision on the

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Speaker 3: investment as well. To begin with, get some advice or

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Speaker 3: do your research and do it well. You don't want

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Speaker 3: to be borrowing this amount and then putting it into

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Speaker 3: investment that goes belly up or it doesn't offer any

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Speaker 3: real return or capital growth. Budgeting is important, you know,

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Speaker 3: having some emergency money available if you know you lost

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Speaker 3: work or you needed access to emergency money. You know,

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Speaker 3: I don't think there's much else you can do. In

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Speaker 3: terms of insurances, we want to have adequate cover for

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Speaker 3: your personal insurance as you increase. Yeah, if you're increasing

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Speaker 3: your debt, you want to be able to ensure that

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Speaker 3: you've got the cover on your insurance for that. But

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Speaker 3: otherwise it's it's mainly, Yeah, just budgeting and being smart

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Speaker 3: with your money.

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Speaker 1: What about factoring into that budget the possibility of future

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Speaker 1: interest reprises As part of.

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Speaker 3: The process that we do as a broke we factor

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Speaker 3: in a three percent buffer for that.

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Speaker 1: So you do it anyway affordability.

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Speaker 3: Yeah, so that's a sensitized rate generally three percent above

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Speaker 3: the actual rate you pay. So if we've got an

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Speaker 3: accurate budget and we cross check those with spending and

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Speaker 3: account statements, that that really should cover that. You wouldn't,

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Speaker 3: I mean, apart from what we've just been through. With

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Speaker 3: rates going you know, from two to six's. So obviously,

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Speaker 3: if you go into this dit recycling strategy and you've

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Speaker 3: only got a monthly budget surplus of three hundred and

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Speaker 3: fifty dollars, putting all of that straight into this wouldn't

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Speaker 3: be smart. You want to but you want to have

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Speaker 3: a buffer for that definitely.

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Speaker 1: Now is there an age for these types of strategies?

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Speaker 1: You know, I know of some elderly public members that

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Speaker 1: have tried to apply and they have been knocked back,

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Speaker 1: being told that they're too old for this, and they

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Speaker 1: don't have that sort of longevity of secure income ahead

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Speaker 1: of them.

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Speaker 3: There's not a cap to that, a reasonableness test to

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Speaker 3: their overall financial position, and that if the bank is

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Speaker 3: giving any consumer a twenty five or thirty loan term,

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Speaker 3: then what's the exit strategy? How? You know, they have

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Speaker 3: only got five or ten years left to expects of

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Speaker 3: working years, you know, how will they continue to pay

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Speaker 3: for it in retirement or what's their options to exit?

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Speaker 3: That is, have they got investment properties that they can

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Speaker 3: sell to liquidate and click clear their debt? So it's

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Speaker 3: mainly just making sure that there's a suitable exit what

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Speaker 3: they call exit strategy to be able to pay for

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Speaker 3: that during retirement or be able to clear the loan

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Speaker 3: but through other means.

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Speaker 1: Is that where a mortgage broker again in because they

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Speaker 1: can speak to the bank on behalf of the client

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Speaker 1: and say, hey, you know, not this client back for

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Speaker 1: a loan, but actually they've got you know, fifty thousand

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Speaker 1: dollars year in passive income, they've got x amount of

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Speaker 1: dollars and superannuation and they are in the home outright.

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Speaker 1: You know, they shouldn't have been knocked back.

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Speaker 3: And you look at this again, Yeah, and we find

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Speaker 3: that that's quite common. You know, if you're going direct

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Speaker 3: to a bank or just walking to a branch, they

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Speaker 3: may not ask the right questions and just be trying

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Speaker 3: to process something.

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Speaker 2: Computer says no.

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Speaker 3: Basically, that is part of you know, the professional service

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Speaker 3: that we offer, you know, looking at all the options

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Speaker 3: and looking outside the box and making sure that we're

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Speaker 3: getting the right outcome for our clients as well.

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Speaker 1: What would you say was the typical scenario that you

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Speaker 1: come across on a regular basis where people are looking

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Speaker 1: to start a debt recycling strategy. You know, is it

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Speaker 1: young families, is it empty nesters?

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Speaker 2: Like what is the typical scenario.

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Speaker 3: The more and more young families because of the awareness,

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Speaker 3: which is great because the sooner you start this, the better,

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Speaker 3: you know. I had a number of conversations I recall

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Speaker 3: that clients were talking about, oh, you know, once we

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Speaker 3: pay our mortgage job, then we want to start investing.

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Speaker 2: Well, no, start, you can do it now.

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Speaker 1: It's of course, and you've got smart strategies in place

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Speaker 1: to manage it.

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Speaker 3: Yeah, have a look at your loan statement. It will

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Speaker 3: tell you what you're expected time frame to pay your

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Speaker 3: mortgage off is. If that's twenty years away, you miss

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Speaker 3: all that opportunity for growth in those investment assets that

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Speaker 3: you take on through the debt recycling strategy. So the

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Speaker 3: sooner you can do it, the better. But that's most

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Speaker 3: commonly what we're seeing now through the awareness.

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Speaker 1: I've actually been doing and you'll know this because you

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Speaker 1: do my loans. But I've been doing a debt recycling

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Speaker 1: strategy since I was about I think twenty seven to

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Speaker 1: twenty eight. Yeah, it does, and I'm so glad I

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Speaker 1: did it. It was such a risk at the time, and

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Speaker 1: I was nervous, but I have no regrets and I

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Speaker 1: still we have a debt recycling strategy as you know

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Speaker 1: you know today. The other question I want to ask

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Speaker 1: you is do you just contact the bank if you've

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Speaker 1: already got a loan set up and you know you've

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Speaker 1: got your home loan it's coming down or coming down slowly,

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Speaker 1: and you've got lots of equities he's talked about, and

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Speaker 1: you got a safe and secure job, you've got the

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Speaker 1: emergency money sorted.

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Speaker 2: No credit card debt.

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Speaker 1: Do you just call up your bank or you better

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Speaker 1: actually to go for mortgage broker and get them to

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Speaker 1: help you with this process.

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Speaker 3: That all depends because every bank is different with how

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Speaker 3: they process these requests. As I mentioned, know that you know,

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Speaker 3: it could be a phone call where they can split

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Speaker 3: your line up for you and do the debt recycling,

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Speaker 3: or it's an application process. I'd always recommend going through

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Speaker 3: a broker because you're going to get the best outcome

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Speaker 3: in terms of the lender that offers this and how

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Speaker 3: they offer it, and that's what we look at. There's

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Speaker 3: definitely some banks like a Quari Bank in my opinion,

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Speaker 3: and the best the best out there for this hands down,

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Speaker 3: whereas some other banks it's a whole low application process

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Speaker 3: which can be quite frustrating, particularly if it's you know,

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Speaker 3: you've got an opportunity for this investment and it's time sensitive,

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Speaker 3: then you can get caught out if it's a slow

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Speaker 3: burning process with a particular bank.

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Speaker 1: Yeah, now we touched on the importance of making sure

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Speaker 1: that this is worth while doing you find a quality

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Speaker 1: investment that obviously provides superior returns that exceed the cost

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Speaker 1: of interest from your personal professional experience, do you find

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Speaker 1: what is the most popular I guess investment asset that

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Speaker 1: they would use this type of strategy for. Is it property?

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Speaker 1: Is it industrial property, is it commercial property? Is it

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Speaker 1: Australian shares, is it international shares? Is it a mix?

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Speaker 3: Like?

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Speaker 1: What do you see is the most common assets being

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Speaker 1: used for a debt recycling strategy?

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Speaker 3: Look, it always used to be property, but it's certainly tilting,

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Speaker 3: particularly when you're talking about young families that want to

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Speaker 3: start this now and not go too heavy, you know,

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Speaker 3: doing small increments of each investment, like.

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Speaker 2: Cushioning their way through.

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Speaker 3: Yeah, but property is always going to be popular, particularly here,

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Speaker 3: so it's definitely starting to turn a bit towards the shares.

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Speaker 3: And look, Australian shares, I mean unless you've got a

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Speaker 3: financial advisor working for you than international shares are much harder.

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Speaker 3: Australians are comfortable with property, but it's harder and harder.

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Speaker 3: You know, it's getting so competitive out there, and you

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Speaker 3: know there's a lot of talk now of international investment

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Speaker 3: back in property again, which are you know, making it

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Speaker 3: harder first home buyers again too?

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Speaker 1: Yeah, but this is another way, I guess, allowing people

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Speaker 1: to expand their wealth diversify out of property into shares

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Speaker 1: using their equity in their home. Now we all know

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Speaker 1: that obviously the home loan process is quite lengthy and

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Speaker 1: there's lots of information required, and it doesn't just happen overnight.

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Speaker 1: Is it more so with this type of strategy or

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Speaker 1: is it a faster or less forms if you're already

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Speaker 1: with the bank, does it extra paperwork because it's those

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Speaker 1: risks all.

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Speaker 3: The same unless you're talking about taking out a considerable

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Speaker 3: amount for the debt recycling. If if you're talking about taking

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Speaker 3: out more than two or three hundred thousand dollars, you

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Speaker 3: might need some more paperwork around the advice and what

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Speaker 3: you're using it for. But otherwise it's a fairly straightforward

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Speaker 3: process and it's just a form of part of the

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Speaker 3: assessment of mainly the two biggest factors, which are equity

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Speaker 3: and affordability with income.

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Speaker 1: And then when it comes to all the different banks

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Speaker 1: that are out there and all the different products that

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Speaker 1: are out there, are the interest rates pretty similar at

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Speaker 1: the moment or do they really vary from bank to bank?

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Speaker 1: I know you mentioned if a query bank have some

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Speaker 1: great products, and obviously that's not product device or personal advice.

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Speaker 2: From investmentized whatsoever.

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Speaker 1: But you know, is it worth having a look or

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Speaker 1: just sort of going well once you know they're all

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Speaker 1: pretty much the same.

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Speaker 3: In my opinion, no, it's worthwhile going to one that's

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Speaker 3: based around that. What we said earlier about the process

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Speaker 3: you're going through to split your loan off. So if

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Speaker 3: you're paying your loan down, then you're going to split

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Speaker 3: it off into two. There are two different styles of

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Speaker 3: bank that will have Certain banks will look at that

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Speaker 3: being arduous process of a lot of paperwork and a

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Speaker 3: lot of time versus a phone call or maybe just

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Speaker 3: doing something on your internet banking. But look, mostly the

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Speaker 3: rates are fairly similar at the moment across the border,

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Speaker 3: and you'll find certain lenders that are way out of

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Speaker 3: whack just because of their portfolio, or they're just not

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Speaker 3: after that they don't have the appetite for that at

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Speaker 3: the moment, but mostly they're there or thereabouts similar rates.

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Speaker 1: Can you explain to everyone as we wrap up today's episode,

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Speaker 1: like how you help people and within Blue Lantern and

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Speaker 1: even people who need financial advice potentially, how do you

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Speaker 1: take them through this process? Is there an initial meeting?

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Speaker 1: Is there a change for that?

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Speaker 2: You know?

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Speaker 1: Is there a financial planner that can sit in with

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Speaker 1: you? You're on an appointment? What's the process that you work with?

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Speaker 3: Yep. So we do financial planning advice as well. That's

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Speaker 3: not me personally, one of my business partners who runs

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Speaker 3: that division. So we provide mortgage broking advice free. We

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Speaker 3: get paid commissions from the banks if we're successful in

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Speaker 3: helping our clients arrange finance, so we get paid commission there.

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Speaker 3: We don't charge any outfront fees on the financial planning

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Speaker 3: side because we don't receive commissions for products or the services.

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Speaker 3: It's a fee based.

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Speaker 1: Fee for service, which is the most efficult way of

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Speaker 1: doing correct.

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Speaker 3: So that's all disclosed up front, the initial meeting and

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Speaker 3: a review. We don't charge for because we want to

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Speaker 3: ensure that we can provide a service and be of

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Speaker 3: assistance without wanting to waste time. You know, we value

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Speaker 3: our time, We value our clients and potential clients time.

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Speaker 3: So it's always worth while sitting down to assess if

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Speaker 3: there's an opportunity or not, and then if there is,

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Speaker 3: we then go away and look at putting that advice together,

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Speaker 3: and then you're aware of what it fees are associated

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Speaker 3: with the advice.

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Speaker 1: And then finally, what would you say is the signs

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Speaker 1: that you might be ready for something like this, like

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Speaker 1: a debt recycling strategy.

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Speaker 3: The first one that I like is if you've got

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Speaker 3: to you're building up a good level of redraw in

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Speaker 3: your homelan, because that's the best way to debt recycle,

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Speaker 3: paying extra off your homelan, building up redraw and then

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Speaker 3: splitting that off to debt recycle. So if you've got

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Speaker 3: a good amount of redrawer in your homelan and you've

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Speaker 3: got a budget surplus, so we indicate you do, then

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Speaker 3: you know you're perfect for it.

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Speaker 1: Fantastic Adam as always, thank you so much for coming

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Speaker 1: in today's episode of Sugar Mama's Fireplay, and it is

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Speaker 1: our official Ask Adam series and we have a fresh

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00:21:05,200 --> 00:21:08,680
Speaker 1: podcast tile which everyone can see on your screen right now,

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Speaker 1: so let us know what you think. And for anyone

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Speaker 1: listening right now that has any questions that they would

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Speaker 1: like me to ask Adam as part of this mini series,

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Speaker 1: please shoot me through a DM on Instagram, and of

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Speaker 1: course I will make sure I go and link all

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Speaker 1: of Adam's contact details so you can give him a call,

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00:21:24,040 --> 00:21:26,320
Speaker 1: send him an email, have a chat about your situation

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Speaker 1: should you wish, or just as like I always do,

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Speaker 1: Peky's brain to see what he has to say. And

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Speaker 1: then again just to reiterate general advice only, please refer

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Speaker 1: to my financial planning to license details. And there is

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Speaker 1: absolutely no benefit financially upfront or ongoing for me talking

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Speaker 1: with Adam on today's series. I'm just happy to share

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Speaker 1: Adam as a fantastic resource for everyone's long term financial benefit. Now,

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Speaker 1: thank you everyone for listening today's episode on Sugar Mama's

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Speaker 1: Fireplay until next Monday. Stay motivated, stay empowered, educated, and

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Speaker 1: never stop seeking new ways to.

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Speaker 2: Achieve your financial goals and dreams. This says Sugars five