Financial Autonomy

← Financial Autonomy13 sept · 9 min

What Should You Do With Your Extra Income to Build Wealth?

What Should You Do With Your Extra Income to Build Wealth?13 sept9 min

You can earn good money, pay the bills comfortably and still wonder whether you're making the most of it.

When work and family take up most of your time, it's easy for financial decisions to happen in the background. Extra money sits in the offset, super ticks along and investing stays on the list of things you'll get to eventually.

Meanwhile, some of your best earning years are passing by.

In this episode, Paul looks at how to turn a strong income into wealth that can give you more security and choice later. He covers the big decisions that need to work together, and why the right approach will depend on what you're trying to achieve and when you want to achieve it.

Inside this episode:

The first number you need before deciding where to invest

How to work out what you can comfortably put towards building wealth

Why two people earning the same amount may need very different plans

Where super fits alongside your mortgage and other investments

The part of your super you may have left on autopilot

When borrowing to invest could enter the conversation

How automation can keep your plan moving when life gets busy