With dividends and debt recycling: If can deposit to a chosen bank account, it’s much cleaner for debt recycling regarding ‘cash pollution’. Reason: Currently must deposit debt recycled money to purchase shares into the same bank account that dividends will arrive in. If timing is wrong and both arrive at the same time, ATO may not like the dividends being sent to pay off a mortgage when it’s been in same bank account as released debt recycled money
With dividends and debt recycling: If can deposit to a chosen bank account, it’s much cleaner for debt recycling regarding ‘cash pollution’. Reason: Currently must deposit debt recycled money to purchase shares into the same bank account that dividends will arrive in. If timing is wrong and both arrive at the same time, ATO may not like the dividends being sent to pay off a mortgage when it’s been in same bank account as released debt recycled money
![How to budget like a pro in 2025 [Part 3 of 12]](/img/n.gif)
Also: really enjoyed the interview. Listening to the way a software engineer solves problems is interesting
With dividends and debt recycling:
If can deposit to a chosen bank account, it’s much cleaner for debt recycling regarding ‘cash pollution’.
Reason:
Currently must deposit debt recycled money to purchase shares into the same bank account that dividends will arrive in. If timing is wrong and both arrive at the same time, ATO may not like the dividends being sent to pay off a mortgage when it’s been in same bank account as released debt recycled money
"I don't really care about six dollars" 🤔
With dividends and debt recycling:
If can deposit to a chosen bank account, it’s much cleaner for debt recycling regarding ‘cash pollution’.
Reason:
Currently must deposit debt recycled money to purchase shares into the same bank account that dividends will arrive in. If timing is wrong and both arrive at the same time, ATO may not like the dividends being sent to pay off a mortgage when it’s been in same bank account as released debt recycled money