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Where should I begin? I've got a payout from my divorce of $350,000. I'm a low income earner and renting so prob can't borrow anything much. Can I get some suggestions as to the best thing to invest? Thanks.
So my only claimable income is the $20,000 (plus maybe the interest on my cash if that is counted).
You can still find some properties around Western and South Western Sydney for $350k. Why not pay in cash?
Spot on. It is not compulsory to get into debt. 350k could provide a home for your family or a regular source of income for life. Down the track you may feel more comfortable borrowing to invest.
Spot on. It is not compulsory to get into debt. 350k could provide a home for your family or a regular source of income for life. Down the track you may feel more comfortable borrowing to invest.