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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Case Study – $1.1m to Invest, Now What? Part 1
Reading Time: 5 Minutes Wow what a day guys! Glad to see the end of it that’s for SURE. And you know what really capped it off? Yours truly somehow managed to step straight into doggy doo doo. Now normally I don’t mind a bit of dog poo, it’s a sign of vitality duncha know. Usually it sits there, quietly contemplating life and minding its own business. I respect that, it’s comfortable with the world. Unfortunately, JUST like asbestos… it’s deadly once disturbed. Man alive, I only found out AFTER I got back in the car. Driving down the main road during peak hour, suddenly I felt the peculiar need…
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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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I’m Still Here!
Reading Time: 2 Minutes So I thought it best to shoot out a quick post just to let everyone know that yes, I am still alive and no, I have not forgotten about you. It’s just been TOO much this past week. I wrote last time (read here) that I had embarked on a whirlwind property scouting weekend a few days ago… And what a few days since! You see, I had shortlisted and viewed a couple of dozen or so properties in those two days, and now it’s time to get stuck into due diligence. So please excuse me as I’ve been trying to cull this one here and…
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What’s Got Me So Pumped?!!!
Reading Time: 2 Minutes Hey guys! What’s going on!!! Excuse me for sounding EXCITED. But I’m going shopping on the weekend. Not for my usual Sunday grocery shop mind you… No, for PROPERTY. Love it, love it, love it. Will be catching the red-eye once again and hopping over to some remote corner of our nation to hopefully snag a bargain or three. In fact, it’s what kept me going these past couple of TOUGH weeks (wowee were they tough alright) – knowing that I’m again re-focused and re-energized on my financial goal… ain’t it AMAZING? I must admit that in recent months I have been a bit distracted and…
