matrixworld
Registered User
- Messages
- 17
Age: 33
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: 95k
Income from rent-a-room: 14k
Monthly take-home pay:
From employment: 4,700e (200e to ESSP, 150e AVC)
From rental: 1,100e
Type of employment: e.g. Civil Servant, self-employed: Private
In general are you:
saving: 2.5k
1,250e towards extra mortgage payment
1,250e investments
Rough estimate of value of home: 345k
Amount outstanding on your mortgage: 138k
What interest rate are you paying: 2.1%
Other borrowings – car loans/personal loans etc: No
Do you pay off your full credit card balance each month? No credit cards
Savings and investments: 58k
Company stock: 15k
cash: 5.5k
Crypto: 20k
Stocks: 10k (mix of SP500, commodities etc)
Do you have a pension scheme: Yes, Zurich, 55k so far
Do you own any investment or other property?
No but this ties into my question, not sure whether to invest in Ireland or abroad
Ages of children: 3.5
Life insurance: Mortgage protection
What specific question do you have or what issues are of concern to you?
My main question is how do i maximize my wealth outside of primary employment income, i recently changed role in my company and i am happy enough with the role and package. I could make 120k-130k if i jumped ship to another company but i don't think it's worth it due to the nature of our work (i would learn more in my current role).
I can invest/save at least 2.5k per month (some months i could stretch to 3.5k) and would love advice on what i should do with it. Some caveats here, my current mortgage rate (2.1%) is up in 2025 so i am leaning towards saving as much cash as possible to lump a sizeable amount off the mortgage in 2025.
My short term goals:
- Pay as much off the mortgage as possible
- Invest for my sons future, any recommendations here is much appreciated. Only got 5k saved so far and it's in Degiro.
- Explore property in Spain to invest in for the future as i plan on living there in 20 years or so (could move sooner as the nature of my work is fully remote).
Apologies for the wall of text but would appreciate any advice from the wise sages here.
Cheers
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: 95k
Income from rent-a-room: 14k
Monthly take-home pay:
From employment: 4,700e (200e to ESSP, 150e AVC)
From rental: 1,100e
Type of employment: e.g. Civil Servant, self-employed: Private
In general are you:
saving: 2.5k
1,250e towards extra mortgage payment
1,250e investments
Rough estimate of value of home: 345k
Amount outstanding on your mortgage: 138k
What interest rate are you paying: 2.1%
Other borrowings – car loans/personal loans etc: No
Do you pay off your full credit card balance each month? No credit cards
Savings and investments: 58k
Company stock: 15k
cash: 5.5k
Crypto: 20k
Stocks: 10k (mix of SP500, commodities etc)
Do you have a pension scheme: Yes, Zurich, 55k so far
Do you own any investment or other property?
No but this ties into my question, not sure whether to invest in Ireland or abroad
Ages of children: 3.5
Life insurance: Mortgage protection
What specific question do you have or what issues are of concern to you?
My main question is how do i maximize my wealth outside of primary employment income, i recently changed role in my company and i am happy enough with the role and package. I could make 120k-130k if i jumped ship to another company but i don't think it's worth it due to the nature of our work (i would learn more in my current role).
I can invest/save at least 2.5k per month (some months i could stretch to 3.5k) and would love advice on what i should do with it. Some caveats here, my current mortgage rate (2.1%) is up in 2025 so i am leaning towards saving as much cash as possible to lump a sizeable amount off the mortgage in 2025.
My short term goals:
- Pay as much off the mortgage as possible
- Invest for my sons future, any recommendations here is much appreciated. Only got 5k saved so far and it's in Degiro.
- Explore property in Spain to invest in for the future as i plan on living there in 20 years or so (could move sooner as the nature of my work is fully remote).
Apologies for the wall of text but would appreciate any advice from the wise sages here.
Cheers