I share 7 business principles you can apply to your finances, so you can run your life like a well-managed company, and move towards financial independence with more ease and less stress.
Read the article version here.
**My new book is now available on Amazon. Audiobook on Spotify.
Tune in on Spotify or Apple, or find it in your favourite podcast app.
📘Strong Money Australia book
The complete guide to financial independence for Aussies. Grab it on Amazon, Audible and Spotify.
🏠Mortgage broker
My trusted contact for all things home loans, including debt recycling. Check them out.
🤝Financial advice
An advisor I trust who can help with planning, retirement, or optimising your strategy. Learn more.
📊 Sharesight
What I use to track my portfolio, dividends and capital gains. Try it here.
Some links may benefit this blog at no extra cost to you. I only recommend what I use and trust — thanks if you choose to check them out.
Thanks for tuning in! You can check out my other audio content on the podcast page.
!If you got value from the show, the best way to support it is by sharing it or leaving a quick rating or review. It helps more people discover the podcast!
Have something to add to this discussion? Share your thoughts in the comments below.
How to overcome the traps preventing you from claiming your freedom and living your ideal life.
My thoughts on risk and investing after FI. How I define ‘enough’ and follow-up questions on my geared super strategy.
Money, freedom, and a better life - delivered to your inbox
Practical insights to help you build wealth & actually enjoy it.
Hi Dave, first discovered you about 5 years ago and started investing in LICs and ETFs thanks to you. But as life would have it, cost of living and building my first home, I kind of had to put that on hold. Now I’m out the other side of that at 32 and single, I work fifo, my property has appreciated substantially and I have about 400k in equity. It’s in a small suburb called Viveash in Perth near a pretty undesirable suburb called Midland (yikes 😂). I am tossing up the option to sell, take the 400k and dump it into ETFs/small down payment on cheap apartment in Wembley. OR keep it as an IP as I like the idea of leverage in real estate. Thing is, I don’t know how good it would be as an IP since it’s only on a tiny block (218sqm) so majority of it is house. Theres also social housing being built in my strata estate. I’m planning on moving anyways closer to the beach/city as I’m not a fan of the area.
If you were in this situation, with what you know now, would you sell and go the ETF route or keep it as an IP?
Thanks for your time!
Hey Matthew. If you sell this one, you would still get the benefit of leverage if you buy a Wembley apartment and invest most of the money elsewhere. So you aren’t forgoing leverage. Given the benefit of CGT exemption being your home, I’d prob not keep it as a rental personally and just buy another place to live in that suits you better (Wembley I’m guessing) while maxing out investments.
As you know, transaction costs are huge so it makes sense to ensure the next place you buy you’ll want to live there/own it for a long time, just in case the growth isn’t there to make up for it.