We Design Your Financial Destiny


(Serious) Words of Wisdom : "The stock market is a giant distraction from the business of investing." ~ John Bogle

Save Huge Taxes. Make Huge Money. At (Possibly) Zero Risk.

You are paying huge taxes on your income. Sec 80C benefit is limited to only Rs.1.50 lakhs. Other benefits also do not amount to much. End result... huge payments to Mr. Tax.

Solution?

Buy a 2nd house...with a huge loan.

Outcome? You pay huge interest. This becomes your key to saving tax.


Rent (actual/notional after deducting municipal taxes and 30% standard deduction) from 2nd property will increase your income. But this net rental income will be much lower than the interest that you pay on the 2nd home loan. 

Result: Loss from house property. 

[IMPORTANT: Unlike 1st house where interest deduction is max Rs.1.5 lakhs, there is NO LIMIT on interest deduction from 2nd house onward. While there is no benefit of principal repayment, it anyway is not required as there are many other options u/s 80C] 

This loss can be adjusted against your salary. Hence, lower taxable salary and hence lower tax outgo. Thus you Save Huge Taxes.

Now the money, instead of going to Mr. Tax, goes to building a useful and long-term appreciating asset.  Loan at around 10%. Appreciation normally around 15%. Thus you Make Huge Money.

And Risk? If property prices crash.
Will they crash? You decide.

Worst case scenario...you can't pay the EMIs.
Simple. Sell the property. Pay Off the Loan. No problems.

By the way... buy a ready property. No builder risk and tax benefits + wealth creation start from day one.


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... THREE VALUABLE TIPS ...

1. 'Stock Markets At An All-time High' Is Absolute Nonsense
All-time high at the Stock Markets
Do you believe, at current market levels, you are standing at the edge of a cliff?

 


2. Family Floater Health Policy: Insure Your Parents Separately
Family Floater Health Insurance
Wider and cheaper health cover is possible if parents are insured separately.

 


3. Herd Mentality: Why Do We Follow The Crowd? And Is It OK?
Herd Mentality: Is it good?
(Blindly) follow the crowd and your investments could suffer deep losses.