Ask Paul: We moved away for work and our house can’t be rented
With a house in no condition to be rented and a recent $150,000 inheritance, Michelle asks if she should pay off the mortgage early or invest in ETFs. Paul Clitheroe has a better idea.
Ask Paul: Why would anyone want to negatively gear a rental?
Jake asks Paul Clitheroe why investors would want to negatively gear a rental versus having it positively geared to aid paying it off quicker.
Ask Paul: I’m 20 and I’ve saved $42,000, where should I invest?
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.
Ask Paul: What should we do with $650k in CBA shares?
Paul says Glenda and her husband are more punters than investors, with $650,000 in CBA shares and $615,000 in a term deposit.
Ask Paul: Should we cut our losses on our Perth investment property?
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.
Ask Paul: I need financial advice but the royal commission scared me
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.
Ask Paul: Should I help low-income daughter buy property?
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?
Ask Paul: Is buying an off-the-plan block of land wise?
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?
Ask Paul: Can we loan out $3.5 million through Facebook?
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.
Ask Paul: Am I better off with a novated lease or a car loan?
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.