Reading Time: 4 Minutes Welcome back folks! Are you ready for part 2 of the case study? In which we answer a question MrsFrugalSamurai sent me: “Have $AU 1.1m to invest (recent inheritance) + $150k savings Current situation: Late 20’s income $100k, partner earns $100k No kids, no assets, no debt Aim is to be a homeowner and financially independent at some stage. How would others split it between: PPOR (principal place of residence, i.e. primary residence) buy outright or deposit + mortgage Investment property Low cost index/ETF/Super Others?” If you missed part 1, or want a refresher – don’t fret, have a quick read of it here. Actually… you…
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Can You Work Your Way to Wealth?
Reading Time: 2 Minutes What’s up boys and girls! OK, so I found out something very interesting this week. If you earnt $5,000 a day, Monday to Friday from the time the First Fleet set foot in Australia until now… you wouldn’t be a billionaire. Nope. Although, you would have a paltry $288 million. That’s A LOT of Dough. Yeah, though that’s after 230 years, 250 working days each year at $5,000 a day… BUT If you had the foresight to leave it in a bank account etching out a 2% return p.a. then your $288 million would return… Over $6.2 BILLION. That would be a 22x increase. And that’s…
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How Does Sentiment Affect Real Estate Prices?
Reading Time: 3 Minutes ARGH!!! “Shakes head vigorously” Brrr, bloody real estate. Really doing my head in. You see guys, I’ve got too much choice available at the moment. After our latest hunting trip back from the West Coast, I’ve drawn up about a dozen or so properties which I aim to make offers on. Mind you, not to acquire a dozen, I reckon one, hopefully two max. The problem at the moment is that with choice, I don’t really know where to begin. It doesn’t help that the bargain hunter in me is wanting to low ball the Baby Jeebers out of any deal… In fact, I’ve already blown…
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What’s Wrong With Working In Your Passion?
Reading Time: 2 Minutes Hey, what’s up you! How’s it going? Apologies for being AWOL mid-week as I was away on our annual company conference with 800 of my colleagues. It was quite fun actually, a great time for everyone to get together and plan for the year ahead. Although the key take-out from this 4 day sojourn is that we need to work harder, work longer and work better. One of the speakers also presented on the WHY. You know, why do you wake up every day? Why do you do what you do? Why do you come to work? To…to get paid? Now, if you answered to pay…
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What Type of Property Should I Buy?
Reading Time: 3 Minutes This was the question posed to me by a loyal reader this week. Hm. Well firstly, thank you to MikeW for posing the question, hope you’re enjoying the blog! But in response to this, I think the best way to go about it is to understand which types of property your partner likes. Partner? What partner? Well the banks of course! If they’re the ones lending you 80% or more of a value of a property – you’ll need to understand what they like right? Don’t forget, a 30 year mortgage – is a 30 year relationship! When your partner says no… In general, banks restrict…
