Hi guys, I'm seeking ideas or advice on how best to invest or use money to build wealth. I'm currently on about 1700/week income. Have a PPOR worth about 850k with abiut 460k in debt on the house.
I am looking at having about 400k to invest within 12 months and potentially another 100 – 200k within 18 months.
I am tossing up between paying off the house near completely, buying an investment property, I could rent this property for about 750/a week, positively geared, or maybe even build a house to sell immediately to generate further income and repeat
I'm 38 and have about 550k in super
Any insight or suggestions would be good.
Financial investing advice
byu/SquirtleSquad00 inpersonalfinance
Posted by SquirtleSquad00
1 Comment
at 38 with 550k in super you’re already ahead of most people tbh. the real question is what your risk tolerance looks like and how hands-on you want to be over the next decade.
property, equities, paying down debt — all have tradeoffs worth thinking through with a proper financial advisor who knows your full picture.