In this episode I talk with financial planning expert Stuart Wemyss to tackle a pressing question: Should we focus on repaying our home or investing? With his extensive experience, Stuart sheds light on this common financial quandary.

We dive into the emotional aspects of owning a home, as well as how it can be your greatest investment…. But preferably not your only investment.  

Stuart offers insights into some of the important considerations for where your extra dollars should go and the potential steps to take to repay your home later if you do decide to invest first. 

Challenge your current mindset and see if your current approach makes sense.

Let's go inside!

 

Resource Links:

• Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property  (https://www.investorsedge.com.au/invest-in-perth-property/)
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

 

Episode Highlights:

1. Intro [00:00]
2. Home Loan Repayment Strategies and Investing [04:27]
3. Home Loan Debt and Investing Priorities [09:13]
4. Debt Reduction and Investment Strategies [13:38]
5. Investing and Selling Assets for Lifestyle Goals [18:15]
6. Outro [22:14]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

 

About the Guest:

Stuart started his career in Chartered Accounting, working for KPMG and Deloitte. Then, in 2002 he founded his financial services business, ProSolution Private Clients.

His company aims to work with clients to help them achieve their financial and lifestyle goals. They provide holistic financial services, including financial, mortgage, insurance, and tax advice.

He released his third book (Investopoly) in May 2018. It sets out the 8 golden rules to mastering the game of building wealth.

He writes for The Australian newspaper (Wealth Section) and regularly appears in print, TV, and radio media.

 

Visit Stuart at:

• ProSolution Private Clients - http://prosolution.com.au/ 
• Investopoly Book - https://www.prosolution.com.au/books/
• Twitter - https://twitter.com/StuartWemyss 

 

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