It is not a bad goal but might not be the best goal for every person as every person's situation is different.
If I can use the case of a young couple with excellent employment and incomes requiring that they pay tax at the highest marginal tax rate and a mortgage of $800,000 and two young children it might be that paying out the mortgage which is serviced by after tax dollars makes perfect sense and having done so then borrowing again for the purpose of investment thereupon making the repayments instantly tax deductible.
Everyone's situation requires its own consideration and the development of a plan with an end goal.
My investment plan is overall a long term hold to create generational wealth which will benefit the children of my yet to be born great grandchildren. I personally see dividends in the years to come as obligatory to the carrying out of this plan and achieving my goal.
My opinion only DYOR
FF
AKIDA BALLISTA
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