logo
episode-header-image
Feb 2025
18m 5s

How to save thousands and wipe out your ...

Equity Mates Media
About this episode

If you're a mortgage holder, you know all too well the frustration of paying hundreds of thousands in interest over the life of your home loan. But did you know you can wipe years off your mortgage and save hundred of thousands in interest, using the power of an offset account?


In this episode we breakdown: 

  • What is an offset account and how does it work? (in simple terms)
  • How much could you save? We compare scenarios with $10,000, $50,000 and $100,000 in an offset account to show you the potential interest savings
  • Our tips to maximising the benefits of an offset - so you can live mortgage free faster
  • Should you save or invest? We weigh up whether your savings are better spent in an offset account or invested in stocks


Links referenced:

—------

Sign up to our daily news email to get the news moving markets delivered to your inbox at 6am every weekday morning. Short, sharp, to the point.

—------

Want more Equity Mates?

—------

In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

—------

Get Started Investing is a product of Equity Mates Media. 

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 

Equity Mates Media operates under Australian Financial Services Licence 540697.




Hosted on Acast. See acast.com/privacy for more information.

Up next
Oct 6
Pardon the Jargon: Index vs ETF vs Mutual Funds vs LIC
Knowing what to invest in and how to invest in it, can get confusing. Not only are there now more options than ever, the terms used to describe them are full of acronyms and jargon. But don’t be disheartened. These terms are simpler than you might think. In this episode we explai ... Show More
15m 20s
Sep 29
The ultimate Superannuation checklist
If there’s one thing to get right in your financial life, it’s superannuation. It’s the biggest free kick you’ll ever get and worth bothering about.To wrap up Super September, we’ve built the Ultimate Super Checklist: 9 complete steps that'll make your super work harder today to ... Show More
17 m
Sep 25
Boost my Budget: Achieving your goals on a low income
How you structure your cashflow is the key to achieving your savings goals, no matter your income. Becca dreams of sipping cocktails in Fiji, but her budget feels messy. With a small mortgage, investment properties, and even some shares- she’s built a strong base. But a recent dr ... Show More
27 m
Recommended Episodes
Jan 2025
Ask an Adviser: Pay off mortgage or invest, biggest super mistakes, when to see an adviser - Glen Hare
Ask an Advisor is back for 2025. This is the series where we put your money and investing questions to some of Australia's best financial advisers. Today we're joined in the studio by Glen Hare, cofounder & financial adviser at Fox & Hare. In this episode he answers questions on: ... Show More
48m 46s
Nov 2024
How we would invest $100,000 today | Betashares Direct
How would we build a portfolio today if we were given $100,000? That was the question that Betashares asked us, with the only condition that we had to build a portfolio of ASX-listed ETFs. Tune in to hear the principles we'd apply when building our portfolio and the specific ETF' ... Show More
26m 31s
Aug 4
Ask An Adviser: How to max your deposit and boost your borrowing capacity - Chris Bates | Alcove
Want more buying power in today’s property market? Our mortgage broker Chris Bates, Co-founder of Alcove, joins us to share strategies for boosting your deposit, and what you can borrow.We also cover:Clearing debt and improving your financial profileSmart ways to grow your deposi ... Show More
45m 15s
Sep 22
Ask an Adviser: 3 enduring principles to build long-term wealth - Charlie Viola | Viola Private Wealth
Charlie Viola is the founder of Viola Private Wealth and is a regular at the top of the lists of Australia's best financial advisers. Today on the podcast, we wanted to unpack the process he walks through with every client at Viola Private Wealth. From understanding who the clien ... Show More
44m 39s
Feb 2024
Can I afford to have a baby? | Taboo money chats with Rachel Maksimovic
How much does it actually cost to have a baby? On today's episode Rachel Maksimovic, solo mum and co-host of her own podcast Mothering on my Own shares how much it has cost her. As we enter our late 20s, we have started to feel a societal pressure to consider whether or not we wa ... Show More
48m 33s
Aug 2024
The 10 Laws Of Investing (Andrew's Investing Rules!)
In this episode of the Personal Finance Podcast, we're going to talk about the 10 laws of investing. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your asp ... Show More
48m 32s
Feb 2025
What will happen to markets in 2025?
What will the next year bring for global markets? What impact will Donald Trump’s tariffs have? Will inflation rise? Katie Martin is a markets columnist for the FT and host of the Unhedged podcast. We often discuss how long-term investors must be prepared to weather economic cycl ... Show More
1h 20m
Sep 29
Should You Pay Off Debt or Invest First? The Answer Might Surprise You (Money Q&A)
In this episode of the Personal Finance Podcast, we are going to do a Money Q&A about should you pay off debt or invest first. Today we are going to answer these questions: Question 1: Should I build my emergency fund to $20,000 first, or start paying down my mortgage and investi ... Show More
37m 34s
Feb 2025
Ask HTM - Birth Now Pay Later, Forcing Home Equity with a Basement Build, & Saving vs Paying Credit Cards #946
Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guid ... Show More
54m 2s
Aug 2016
Ep #41 - How to Use Your IRA to Invest in Multi-Family Real Estate - Scott Maurer, director of business development for Advanta IRA
Welcome to Your Lifetime Cash Flow Podcast Real Estate Tip How to Use Your IRA to Invest in Multi-Family Real Estate. Scott Maurer, director of business development for Advanta IRA  Here’ some of what you will learn in the episode. Those of you who are trying to raise money need ... Show More
20m 56s