What we’re doing with $300,000 from our property sale

As most of you know, I sold a rental property not long ago.

This left us with a sizeable chunk of cash – about $300,000.

Of course, this money needs to be put somewhere productive. We could…

— Use it to pay down debt
— Add to our share portfolio
— Invest in other assets
— Contribute to our super funds
— Leave it in cash and wait for the supposed AI bubble to burst

After thinking about the options, I now have a concrete plan for the funds. This week’s article explains.

Read: What I’m Doing With $300,000

STRONG MONEY PODCAST

People seem to moan about inflation as if there’s nothing they can do about it.

In reality, there are 5 ways you can not only deal with inflation, but overcome it and use inflation to your advantage.

In my latest podcast, I explore these strategies and give you a proactive plan to keep your wealth growing rather than ending up a helpless victim.

🎧Listen here on Spotify, Apple, or on the website

📄Read the article version here

AUSSIE FIRE PODCAST

Since my last full newsletter, there’s been two episodes of Aussie FIRE released.

First, we discussed the long-debated topic of Growth vs Income investing.

We flesh out the pros and cons of both approaches, and where taxes, markets, and psychology come into play.

🎧Listen now on Spotify or Apple

In our latest episode, we answer listener questions on the following topics:

— Our thoughts on monthly income ETFs and timing your dividends throughout the year
— PAYG tax variations, how they work, and when they can be beneficial
— Should you keep your previous home as a rental?
— Contributing to your partner’s super

🎧Listen now on Spotify or Apple

THOUGHTS OF THE WEEK

Running your personal finances like a business will completely change your life trajectory. Grow earnings. Cut expenses. Maximise profits while balancing morale. Acquire assets. Use debt sensibly. Most people are running their finances like a big kid with pocket money.

It’s amazing how people make rules and walls for themselves.
“I need to work full-time for 40 years”
“I need to buy a house in this specific area worth X amount”
“I need to stay where I know people”
“I need to live this exact lifestyle”
There ARE other options.

When you’re not rushing through life, something magical happens. You start noticing lots of little things that were always there, waiting to be appreciated. The person who is endlessly busy simply lacks the time and mental bandwidth for the same experience.

YOU’VE GOT MONEY… NOW WHAT?

I just want to thank everyone for their kind words and support during the launch of my new book this week.

We managed to hit the following:

#1 in Retirement Planning
#1 in Finance + Investing
#1 in Money Management
#1 in Personal Finance
#1 in Self Help
#15 in books overall (from an estimated 80,000 on Amazon Australia!)

Early feedback has been positive, so I’m really pleased people are finding it valuable. If you need links, here’s a few:

Paperback: Amazon
eBook: Kindle | Apple
Audiobook: Spotify | Apple | Google

Audible should be live any day now (they take longer than everywhere else for approvals for some reason).