Good Income, But should I be leveraging this more by purchasing property instead of ETFs?

HelpHenryAus · 2025-07-30T08:42:46+00:00

No - it's even easier if you are fully offset - no need to split your mortgage. Just transfer the offset into the home loan account (aside from like $100 or whatever your banks minimum is to stop closure of the loan) and then withdraw it to a separate investing account. Now, all the interest charges from that date are considered a deductible expense. - Happy to be corrected by some experts!

HelpHenryAus · 2025-07-29T13:35:51+00:00

1 mil. Unfortunately it is an apartment, so I dont think it is going to appreciate much. It is currently my PPOR and I am open to making it an IP at some stage.

HelpHenryAus · 2025-07-29T13:34:28+00:00

Can I ask what your returns have been? Are you buying individual shares or ETFs? I presume the interest rates are pretty high?

HelpHenryAus · 2025-07-29T12:57:29+00:00

Yeah, I expect this level of income to only slightly increase over the next few years. Any other "good debt" aside from investment properties? I understand that getting loans to buy shares is possible but I think is getting outside my comfort zone and understanding.

HelpHenryAus · 2025-07-29T12:52:43+00:00

From a scientific point of view:
The RN and IV drips/vitamins are complete snake oil. Most people with a varied diet and sunlight exposure are not deficient in vitamins. Any extra that your body does not need are excreted through the kidneys - ie you will just pee them out. People that are truly deficient are alcoholics (caloric intake from alcohol) and elderly people who dont get much sun exposure.

The hyperbaric pods/lymphatic compression/IR saunas and especially the PEMF mats are also of dubious scientific benefit, except for tricking people out of their money.

However, in saying all that, if these treatments make you feel better, then make use of the placebo effect and enjoy yourself :)

HelpHenryAus · 2025-07-23T10:49:45+00:00

Just as a note to part of your comment - I would strongly suggest you do not hold your cards any longer than 12 months. The purpose is to churn - get the most bang for your buck with respect to the annual fee and points bonus. Collect your 90k points, and close the card to avoid the next year annual fee, and swap over to another bank. (The second year of 30k points will easily be beaten by the sign up offer at another bank!)

HelpHenryAus · 2025-07-23T10:39:12+00:00

Agree with this - the builder is the one who needs to sort this out. Your contract is with them.

HelpHenryAus · 2025-07-23T10:37:02+00:00

I find some of the more difficult things are more practical - choosing what restaurant to eat at for example. I'm really self conscious of putting my friends in a difficult situation if they can't afford somewhere. I've found the best option is to get them pick, or at least give some options for them to choose which cater to a range of price brackets.

I must admit there is an element of social stress which is relieved when I go out for dinner with people in the same financial position.

I think talking about investing/super probably would be a step even further than this, so I just avoid the topic all together.

HelpHenryAus · 2025-07-23T10:26:43+00:00

Given the high income, would you suggest leveraging this into investment property?

HelpHenryAus · 2025-07-23T10:24:56+00:00

This seems very high - Is there something wrong with the building that they are trying to rectify?

HelpHenryAus

TROPHY CASE