I have a mortgage now…should I stop investing?

Once you buy a house, where should your next dollar go?

Should you build your offset account? Pay down your mortgage faster? Or keep investing?

In this episode, financial adviser Sam Hunt from Shadforth joins Jess to unpack one of the biggest financial questions homeowners face. Using Jess's own situation as a real-life case study, they explore the decisions she's now facing after buying her first property.

Jess and her partner recently purchased the home together, using equity from the sale of his previous property, and now share a 50/50 mortgage. It's Jess's first time owning a home, and together they're working through how to make the most of every spare dollar.

Along the way, Sam explains how offset accounts really work, how much cash homeowners should keep on hand, and how financial advisers help clients decide between investing and paying down debt.

Whether you've just bought your first home, you're thinking about buying, or you've had a mortgage for years, this episode will help you feel more confident about where your next dollar should go.

Chapters:

00:00:00 Should You Invest Or Pay Off Your Mortgage?

00:02:00 Jess’s New Financial Game Plan

00:05:30 Why An Offset Account Can Beat Savings

00:10:00 Invest Or Attack The Mortgage?

00:15:55 Paying Down Your Home Loan First

00:19:57 The Case For Keeping Your Investments

00:22:06 Why Your Strategy Should Keep Changing

00:24:18 Finding The Right Balance For You

00:28:35 Interest Rates, Refinancing And Next Steps

If you’d like to get in touch with Sam to discuss your own situation, you can do so here.

Links mentioned in this episode:

📩 Sign up to the Get Started Investing newsletter here

📩 Share your investing story with us submit here

🎟️ FinFest tickets - Buy early bird tickets here

You can follow Jess’s journey further with regular updates on Instagram at getstartedinvesting_

Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered.

———

Thanks to MLC for sponsoring this series and helping keep our content free.

If you’re the type of person who spends weekends comparing ETF’s, keeps an eye on crypto, and never misses an episode of Equity Mates, here’s one investment you may be overlooking – your super.

MLC knows it might not seem as exciting as picking your next investment, but thanks to tax advantages and decades of compound growth, it could end up being one of the hardest working investments you own. See how your super could be working harder with MLC at mlc.com.au

Disclaimer: Products issued by NULIS Nominees (Australia) Ltd as trustee of MLC Super Fund. General information only. Read the PDS & TMD available at mlc.com.au and consider if it’s right for you.

———

In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

———

Get Started Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes only. Any advice is general advice, and has not taken into account your personal financial circumstances. Before acting on general advice, you should consider if it is relevant to your needs. If you are unsure, please speak to a financial professional. The hosts of this podcast and their guests may have positions in the companies mentioned. Equity Mates Media is part of the Betashares group but maintains editorial independence. Equity Mates Media operates under Australian Financial Services Licence 540697.

 The guest in this episode is authorised to provide financial advice under the Australian Financial Services Licence of Shadforth Financial Group Limited ABN 27 127 508 472 AFSL 318613.

Hosted on Acast. See acast.com/privacy for more information.