After you pay off your mortgage

[bathursttiger1]

I’m about to start the private school fees for 3 kids (high school only). No decent public schools in our catchment area.

Did that many years ago so that put a end to any investment properties. Although I have no regrets, three kids all went to uni and got multiple degrees and are doing well in jobs scattered around the world.

Paid my mortgage off about ten years ago, so salary sacrificed the max amount into my super and my wife’s super. We both retired now with very healthy super accounts.

Same as the wife and myself paid our mortgage off 14 years ago, I had a defined super and my wife maxed out her salary sacrifice ever sense she opted out of that good State super (against my advice).
We are now retired and very comfortable.

 

[pawsandclaws1]

Demps. Limited to $27500 for Super including 10% from Employer. At end of year will own all 4 houses debt free.

Well-done to have done that. My two-cents-worth.

You should have more than enough to live comfortably with income from three houses (assuming you are renting them out) and your super. Putting as much as you can into super is a good idea as it has the best returns these days of most investments (apart from another house atm). If you go down the shares route look at yearly return rather than making money by buying and selling - income stream in retirment is the most important so you aren't eating away at your investments (unless you plan to do that).

Good topic, very topical at Castle Enmore. We are nearly there, I have had a rough run with my health a couple of brain tumor opps but great now, house at Enmore worth around 3M (one just sold in our street for 3.65M) I am a builder & better part is a architect. Local residential development is our aim, I run my own boutique building business, obvious for us really. No plans to retire, just put on a PM, step back a bit & concentrate on marketing and tendering. Suite me fine, give me time to go back to uni, ride the motorbike & make more furniture

Ayyy brother.
Good job, keep chasing the dream and good to hear you had a good recovery.

??

Thanks for the kind words, it has been a struggle but I consider myself very lucky to live in a country with such an amazing health system. My treatment was all public, I do not believe in private health & anything that I need (knee replacement) I pay for, and it was outstanding.
The debate about private vs public schools, both my wife & I went to public schools & both of us not in wealthy areas, we both end up with degrees, she has two & me one.
We do not have kids, that did not work out for us, so our opinion on schooling children is purely just that, an opinion

I have 2 kids in high school. We made the decision to get them a tutor once a week even though they were going ok. This has definitely made a difference imo especially during assessment weeks.

Great decision to invest in your children. It will pay off ten fold in the years ahead.

 

[innsaneink]

Demps. Limited to $27500 for Super including 10% from Employer. At end of year will own all 4 houses debt free.

Well-done to have done that. My two-cents-worth.

You should have more than enough to live comfortably with income from three houses (assuming you are renting them out) and your super. Putting as much as you can into super is a good idea as it has the best returns these days of most investments (apart from another house atm). If you go down the shares route look at yearly return rather than making money by buying and selling - income stream in retirment is the most important so you aren't eating away at your investments (unless you plan to do that).

Good topic, very topical at Castle Enmore. We are nearly there, I have had a rough run with my health a couple of brain tumor opps but great now, house at Enmore worth around 3M (one just sold in our street for 3.65M) I am a builder & better part is a architect. Local residential development is our aim, I run my own boutique building business, obvious for us really. No plans to retire, just put on a PM, step back a bit & concentrate on marketing and tendering. Suite me fine, give me time to go back to uni, ride the motorbike & make more furniture

Ayyy brother.
Good job, keep chasing the dream and good to hear you had a good recovery.

??

Thanks for the kind words, it has been a struggle but I consider myself very lucky to live in a country with such an amazing health system. My treatment was all public, I do not believe in private health & anything that I need (knee replacement) I pay for, and it was outstanding.
The debate about private vs public schools, both my wife & I went to public schools & both of us not in wealthy areas, we both end up with degrees, she has two & me one.
We do not have kids, that did not work out for us, so our opinion on schooling children is purely just that, an opinion

I have 2 kids in high school. We made the decision to get them a tutor once a week even though they were going ok. This has definitely made a difference imo especially during assessment weeks.

Great decision to invest in your children. It will pay off ten fold in the years ahead.

I wish