Why regulators and banks are cracking down on leverage & trusts
from The Savings Tip Jar Hosted by Savings.com.au
Ever seen some dodgy financial advice floating around on socials, namely TikTok and Instagram? Ever thought they make it seem like it's too easy to buy 50 investment properties and leverage yourself to the hilt? Here to discuss the problem of finfluencers and the dangers of overleverage is Deline Jacovides, financial adviser and founder of Mazi Wealth. She's been busy herself busting those finfluencer myths on social media and she joins the podcast to discuss this more in-depth. Of course, this in itself is not to be considered financial advice. Reach out to us at [email protected] 01:34 - Savings tip 03:05 - Crackdown on properties bought through trusts 04:38 - The dangers of overleverage 08:22 - The rise of finfluencers 11:11 - Why APRA is cracking down on high leverage 12:57 - Are the finfluencers sweating
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