Thinking about retirement? you may have to think again.

I have 3 young kids and a single wage. Super or any sort of investments are pipe dreams. Every spare cent ( Yeah right .... there is LOL bigtime ) gets paid down onto the house loan. As far as I'm concerned, getting the house paid off is far more important than trying to save/invest.

Having said that, our first house we managed to pay down to $40K before we shifted into our crappy little house on acreage.... The problem is the house is so small, we will have to refinance and extend now. This is also an investment in our future though. It gives our kids somewhere to live in 10years time when they are at UNI/etc.... and it's an asset for our future.

still wont' have a single investment anywhere....

Hey think positive. Maybe ****ty old Citroens and Land Rovers will suddenly become highly prized overnight and worth lots. If so, I'm sitting on a gold mine here [bigrolf]

seeya,
Shane L.

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Originally Posted by Disco-tastic

Im similar to you shane, just a few years behind. Wife is stay at home mum with 2 young kids.

I've been looking into investments and the like, includong apps like Acorns, but feel like i don't know enough to be good at it, just enough to be stupid with it.

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Well, I ain't no expert, but what we did, was pay the house off ASAP, and when we'd done that, we started buying (never been a trader!) blue chip shares that indicated growth &, importantly for our retirement income, a good dividend return. Worked for us.
And ya have to be frugal, you have to have an aim, as an example, when we'd go to a car show, we would never BUY any food there,..that had to wait till we got home. Didn't have a good car of my own until the kids were grown up,..all sorts of stuff....but We always reduced debt by any way we could.
Pickles.