Money Magazine

Take on some sensible, extra debt to pay for renovations

Well, Rowina, you are the second person who has dropped me an email this month about a house that needs much work. (See Ask Paul, page 27). I know I should not chuckle, but your comment that it “just drains the life out of me” will ring true for many homeowners. At times it certainly did for us.

I also feel your frustration as you look into the future and with super and other assets see you will have well over $1 million, but are living in a house

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine1 min read
Shares
▶ MORE SHARES STORIES ON P78-85 Shareholders are increasingly objecting to what they regard as company executives’ inflated pay packets. Strikes against executive salaries among the 300 largest companies listed on the Australian SecuritiesExchange (A
Money Magazine1 min read
AVOID Transurban (TCL)
Transurban's ex-boss, Scott Charlton, left a big legacy. During his 11-year term, the toll road operator's debt pile grew from $6.5 billion to more than $24 billion, yet a series of dilutive capital raisings to pay for overpriced acquisitions meant t
Money Magazine4 min read
When To Wind Up Your SMSF
Although there are many advantages in setting up a self-managed super fund (SMSF), circumstances change and what may have been a sound decision years ago may no longer apply today. There are a whole host of reasons why people decide to wind up their

Related Books & Audiobooks