With $42,000 saved, Josh wants to know if he’s better off putting his money into shares or property. Paul wants Josh to remember to have fun while he’s young.
Paul Clitheroe AM is a respected financial adviser and Money’s chairman and chief commentator. He is chair of the Australian Government Financial Literacy Board, and author of several personal finance books. Ask Paul your money question.
Paul says Glenda and her husband are more punters than investors, with $650,000 in CBA shares and $615,000 in a term deposit.
Erin and her husband own an investment property in Perth which is now worth less than they paid for it eight years ago. With rents falling, they ask Paul Clitheroe if it’s time to cut their losses and sell.
Sarah is a single mum in need of advice on super, investing and insurance but, as she tells Paul Clitheroe, the banking royal commission has made her terrified to commit.
Lisa’s 24-year-old daughter can’t afford to buy property on her $44,000 a year salary. How can Lisa best help her out financially?
Codey and his partner owe $45,000 in car loans. Should they scrape together a 5% deposit on an off-the-title block of land to get a foot in the property market?
Cathy wants to invest $3.5 million by advertising bridging loans on social media. Paul Clitheroe doesn’t pull any punches. This is a really, really bad idea.
Therese wants to know if she should use a loan or a lease to buy a new car. The problem, says Paul Clitheroe, is that cars are money-devouring, depreciating disasters.
Rent in Sydney and buy property in another city? Move out of Sydney to a more affordable city? Or buy on Sydney’s north shore and bank on long-term growth? James and his wife want to know the best option.
Jolanda is the sole income earner after her husband became paralysed and later lost his job. How can she juggle a mortgage, a margin loan and credit card debt?