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[serious] what would you do with your first 100k? (sh.itjust.works)
submitted 1 week ago by [email protected] to c/[email protected]
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Were you between 20-35 how would you allocate your first 100k saved?

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[-] [email protected] 3 points 5 days ago* (last edited 5 days ago)

I am not a financial or tax advisor, and none of the following is financial nor tax advice.

  1. Get a financial and tax advisor instead of asking rando's on the internet.
  2. Reduce debt. No credit card debt/personal loans. Reduce/offset property loans. HECS etc maybe consider differently.
  3. House deposit, if home ownership is a goal.
  4. Super voluntary contributions and claim tax deductions, possibly up to 30K a year.

Good luck

this post was submitted on 08 Jul 2025
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