31, $2500/week subbie, $800k home – how do I stop winging it & secure my family’s future?

P

pizzagamejoiner

New Member
Good morning. I’ve been feeling lost lately and need clear financial advvice. I’m certain I don’t need to pay for a financial advisor.
I’m 31, married, with three children under seven.
I grew up with a single mother in housing commission in south west Sydney. I honestly never expected to get this far.

But I’ve always improvised—just making things happen. I bought a property, which was a dream, and I currently owe $460,000 on my owner-occupied home, now valued at $800,000.

I’ve worked in the same trade for 16 years. I have almost no super because my previous employer went bankrupt.

I now work as a subcontractor, grossing about $2,500 a week.

My approach of winging it is no longer effective. I need a solid, reliable plan that will secure my family’s future.

Thank you for any advice.
 
Hey buddy, I’d really focus on boosting your earnings first. As for your super, I’m still getting my minimum monthly payments from an old employer who went under and actually hadn’t paid it for two years before that you should totally let the ATO know about it.
 
Hey,

You've done well so far. For the future, I started by setting 12 month, 3 year, and 5 year goals. Then I worked backward. For example, if I wanted $100,000 in 3 years, I figured out how much to save each week.

Budgeting also helped a lot. I check it every 3 months to stay on track.

Hope this helps.
 
Back
Top