Cash advice wise smb

[stupeo]

So hypothetically

I’m early 40’s

Earn 100 a year plus 18 from rental property

Super = 200 only pay 15% tax

Mortgage 1 390 my house

Mortgage 2 440 rental interest is tax deductible

Want to retire at 50. Should I overpay mortgage 1, put more into super (can’t take till 60)

I have 2000 a month surplus

I’m prepared to sell property at 50 and move so that’s not an issue

So.......

 

[mux]

Good afternoon Madame.

Ma name is George, I am calling from your bank.

There appears to be a pigeon in your bank account sir and I will need your account number and sort code in order to remove it.

 

[What A Waster]

Look at me, got my life in order, got prospects, pathetic

 

[MackemBob]

You earn £118 a year. Who are ya? Daddy Warbucks?

 

[Brian Griffin]

So hypothetically

I’m early 40’s

Earn 100 a year plus 18 from rental property

Super = 200 only pay 15% tax

Mortgage 1 390 my house

Mortgage 2 440 rental interest is tax deductible

Want to retire at 50. Should I overpay mortgage 1, put more into super (can’t take till 60)

I have 2000 a month surplus

I’m prepared to sell property at 50 and move so that’s not an issue

So.......

You need commas or something here - I have you earning £118 a year which I don't think I could live on.

 

[PhilSAFC]

how do you afford to live on £100 a year mate? do you need 50p for a mars bar there?

 

[stupeo]

Short hand for 100,000

Too lazy to type that

 

[stephen cartwright]

So hypothetically

I’m early 40’s

Earn 100 a year plus 18 from rental property

Super = 200 only pay 15% tax

Mortgage 1 390 my house

Mortgage 2 440 rental interest is tax deductible

Want to retire at 50. Should I overpay mortgage 1, put more into super (can’t take till 60)

I have 2000 a month surplus

I’m prepared to sell property at 50 and move so that’s not an issue

So.......

This amazes me. Good luck to you mate.

£2000 a month surplus ffs. So that's £24 grand surplus a year.

I would say for 95% of this forum, that beyond people's dreams.

Short hand for 100,000

Too lazy to type that

. Careful now, you may strain a sinew.

Jesus, lad, you are so lucky

 

[stupeo]

This amazes me. Good luck to you mate.

£2000 a month surplus ffs. So that's £24 grand surplus a year.

I would say for 95% of this forum, that beyond people's dreams.


. Careful now, you may strain a sinew.

Jesus, lad, you are so lucky

It’s also in $ so it’s slightly less amazing

 

[ontap]

It’s also in $ so it’s slightly less amazing

Ah so if your on the states your gonna need a big chunk for medical insurance now and later in life.

 

[stephen cartwright]

It’s also in $ so it’s slightly less amazing

Barely.

 

[stupeo]

Ah so if your on the states your gonna need a big chunk for medical insurance now and later in life.

Australia

 

[nelford_safc]

Why do people who earn fortunes never have the brains to know what to do with it?

 

[becs]

Use the surplus for English lessons

 

[Brian Griffin]

Why do people who earn fortunes never have the brains to know what to do with it?

Oh the discretion not to talk about it.

 

[Some Random Guy]

Short hand for 100,000

Too lazy to type that

I know exactly what you should do. Too lazy to type that though.

 

[Sleepy]

Why do people who earn fortunes never have the brains to know what to do with it?

It's ozzy dollars, so somewhat misleading??!

 

[peachy]

Why do people who earn fortunes never have the brains to know what to do with it?

I was thinking along these lines, but the name is stupeo.

 

[stupeo]

Why do people who earn fortunes never have the brains to know what to do with it?

What would you do with it then

As I said paid down the mortgage so I can walk away at 50 with 500-600,000 or pile into super hence paying less tax but waiting longer for cash

 

[Sir Lancelot]

Reduce your own mortgage, or clear it. You don’t pay the rented mortgages and the interest in tax deductible. If your pension is on track to retire at fifty then getting rid of your mortgage will make the most difference to how you live in the future.