I'm 24
I have 2 properties in Brisbane valued at 770k (combined) with loans of 485k one is IP that rents for $350 p/w other is ppor.
On the other side of investments I have 295k (not geared) in about 10 diff shares and 210k in capital notes/bonds in NZ (not geared) returning only 9% as they are a few years old and due to mature in a couple of years, and around 60k in term deposit that I haven't decided what to use it for.
I have a good job for my age and have worked hard, I recently changed jobs and was offered a state sales managers role at nearly 100k but turned it down for another role paying 70k (less than I was on) that allowed me more freedom and less stress.
I haven't forgone any so called luxuries either, I have a brand new car (novated lease paid by work), I went overseas to the states and NZ in the last 12 months. I have the large TV, new furniture, nice food, eat out and so on, but I don't waste money.
On the property front I am taking the wait and see approach as I'm not confident that the timing is right to buy, but I do have plenty of capital/equity for when I feel the time has come.
It's good to see there are other's of similar age taking a proactive approach to financial freedom as I don't have a single friend that does.
I have 2 properties in Brisbane valued at 770k (combined) with loans of 485k one is IP that rents for $350 p/w other is ppor.
On the other side of investments I have 295k (not geared) in about 10 diff shares and 210k in capital notes/bonds in NZ (not geared) returning only 9% as they are a few years old and due to mature in a couple of years, and around 60k in term deposit that I haven't decided what to use it for.
I have a good job for my age and have worked hard, I recently changed jobs and was offered a state sales managers role at nearly 100k but turned it down for another role paying 70k (less than I was on) that allowed me more freedom and less stress.
I haven't forgone any so called luxuries either, I have a brand new car (novated lease paid by work), I went overseas to the states and NZ in the last 12 months. I have the large TV, new furniture, nice food, eat out and so on, but I don't waste money.
On the property front I am taking the wait and see approach as I'm not confident that the timing is right to buy, but I do have plenty of capital/equity for when I feel the time has come.
It's good to see there are other's of similar age taking a proactive approach to financial freedom as I don't have a single friend that does.