Show Notes
Julie* and her fiancé recently built a home but now a major career change means their household income is about to drop. With a big mortgage, wedding costs coming up and plans to start a family, Julie wants to know: do they need to sell the home? How can they afford everything? Glen and Julie unpack:
👉🏼 her dilemma 👉🏽 salaries, career change & income drop 👉🏾 emergency fund, savings & debts 👉🏿 spending plan, insurance & financial foundations 👉🏻 super balances and financial position 👉 the mortgage and house value 👉🏼 lifestyle costs and hobbies 👉🏻 career values and long term plans 👉🏽 Glen raises some potential red flags 👉🏾 and shares what he would do in their situation
*Name changed for privacy
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The Quick-Start Guide to Your First Property by Glen James & Rachelle Kroon is available now: https://amzn.to/4svhyoH
Matt is 31 and living in Cairns with his fiancée Sharni. He feels like he's living pay-to-pay as a self-confessed spender so Glen takes a look under the hood of Matt's money situation to figure out what's actually going on!
Rachel* and Jake* are 30 and 29, earning $320k combined with two investment properties and a Europe trip on the horizon. They're wondering whether to sell the investment properties to buy a home in Melbourne but they're keen to know what Glen would do.
Dylan and his wife Sarah (off-mic but in the room) join Glen to discuss their situation: Dylan is on a defence pension and looking to re-enter the workforce, they want to do some renos on the house and Sarah is keen to retire early. Dylan and Sarah want to know, what would Glen do?
Kushla's husband Greg spent a decade as a stay-at-home dad before running his own business, and the combination has left his super well behind for his age. Now at 56 with four years until he turns 60, Kushla wants to know: should they be smashing the mortgage or his super?