
← Get Started Investing5 Oct · 30 min
What should I do with a lump sum: Save, super or invest?
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