What I’ve learned from 20+ years of investing:
Paying off your mortgage is a win-win investment. It’s like compound interest without tax and you end up with an asset you can sell more or less tax free.
Unless you have insider knowledge, stay out of shares. You’re at a major disadvantage over the real players.
Even with some of the generous tax claims, real estate investment is a bit of a joke. Unless you can get a property re-zoned, you’re just playing around in the kids pool.
Invest in yourself. Do a course, get a degree, get your skills up. The return on investment is huge.
Have some rainy day money set aside, ideally three months of wages.
Never, ever, ever dip into your super.
I once owned all the shares in a particular company. I got the company to borrow a few hundred thousand from the bank, pay it to me as a tax free bonus, I paid out my mortgage with it the following week (gave it back to the bank lol). The company repaid the debt during the following 4 years with interest being tax deductible. All perfectly legal. The way I see it, there are only 2 ways to accumulate wealth and one of those ways is hard going. I owe my father heaps of gratitude for getting me a paper run when I was 10.