Hi All,
I am very new to this, having purchased Steve McKnight’s book only two weeks ago. I found it very enlightening as it articulated some of the vague thoughts about financial independence and how to achieve it that had been in the back of my mind for the past year or so.
My husband and I are recently married and are trying to work out a path that will enable us to still have a second income when we decide to have kids in 4-5yrs time. As yet we don’t own a PPOR, and are not eligible for the FHOG, and we are thinking of investing in +ve CF properties to build the passive income we will need when the kids come along.
So, do we concentrate on investing on +ve CF IP’s, or do we take the plunge with the astronomical PPOR prices in Sydney, and try to get the PPOR mortgage down as much as we can before having kids?
We are very conscious that what we do in the upcoming years is crucial.
All advice gratefully accepted.Your name is Michael, you have a husband and are planning kids – Hmmm, good luck !! [
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Just kidding… []What do you really want to achieve ??
If you intend staying in Sydney perhaps aim for a PPOR – If you want to move elsewhere maybe consider investing in other areas and look for some capital growth to fund your PPOR further down the track…
Depends what you want most i guess – i wouldn’t buy in Sydney though, wait 6 months – i can’t see prices going any higher in that time, if you’re lucky they may even fall a little… [
]Cheers,
Paul…“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
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