What should I do with a lump sum: Save, super or invest?

Don't let a lump sum sit in the wrong place. So how should you use it?

Save it, invest it, pay off debt, put it in super, or spend it? Jess asks Financial Adviser Tom Hayes from Shadforth to run the numbers on every option.

By the end of this episode, you'll know the trade-offs of each, and how to choose what fits your goals.

Chapters:

00:00:00 What To Do With A Lump Sum

00:04:16 Where Your Money Came From

00:06:56 Building An Emergency Fund

00:11:53 Paying Down Debt

00:14:00 Superannuation And Tax Benefits

00:18:45 Investing Outside Super

00:24:21 Lump Sum Or Dollar Cost Averaging

00:27:01 Making The Right Choice