Personal details
Age: 47
Spouse’s/Partner's age: 48
Number and age of children: 2 Children - 6 & 11
Income and expenditure
Annual gross income from employment or profession: €110,000 per annum
Annual gross income of spouse: None
Monthly take-home pay: €5,300
Type of employment: e.g. Civil Servant, self-employed
In general are you:
(a) spending more than you earn, or
(b) saving? Saving ~ €2,000/month
Summary of Assets and Liabilities
Family home worth €350,000 with no mortgage
Investment property 1 worth €400,000 with €85,000 mortgage (ECB tracker mortgage + 1.05%)
Investment property 2 worth €125,000 with no mortgage
Investment property 3 worth €120,000 with no mortgage
Cash of €100,000 (sitting in bank earning zero)
Investment in ETF's of €50,000
Other borrowings – car loans/personal loans etc
No borrowings other than balance mortgage on investment property 1 (€85,000)
Buy to let properties
Value: €645,000
Rental income per year: €3,750 x 12 = €45,000
Other savings and investments:
Do you have a pension scheme? Yes Employer paying 10% of salary and I'm paying 5% of salary. Only joined recently so pension pot currently worth approximately €20,000
Other information which might be relevant
Life insurance: Life Insurance of €1,000,000 costing approximately €265.00/month
What specific question do you have or what issues are of concern to you?
I have some assets and some savings that I would like to use to work harder for me to allow me to be a bit more flexible rather than having to work a 50hr week in a job that I don't enjoy as is currently the case. Just don't know if there is anything better I could be doing to make my assets/money work better. Any advise or suggestions would be greatly appreciated.
Age: 47
Spouse’s/Partner's age: 48
Number and age of children: 2 Children - 6 & 11
Income and expenditure
Annual gross income from employment or profession: €110,000 per annum
Annual gross income of spouse: None
Monthly take-home pay: €5,300
Type of employment: e.g. Civil Servant, self-employed
In general are you:
(b) saving? Saving ~ €2,000/month
Summary of Assets and Liabilities
Family home worth €350,000 with no mortgage
Investment property 1 worth €400,000 with €85,000 mortgage (ECB tracker mortgage + 1.05%)
Investment property 2 worth €125,000 with no mortgage
Investment property 3 worth €120,000 with no mortgage
Cash of €100,000 (sitting in bank earning zero)
Investment in ETF's of €50,000
Other borrowings – car loans/personal loans etc
No borrowings other than balance mortgage on investment property 1 (€85,000)
Buy to let properties
Value: €645,000
Rental income per year: €3,750 x 12 = €45,000
Other savings and investments:
Do you have a pension scheme? Yes Employer paying 10% of salary and I'm paying 5% of salary. Only joined recently so pension pot currently worth approximately €20,000
Other information which might be relevant
Life insurance: Life Insurance of €1,000,000 costing approximately €265.00/month
What specific question do you have or what issues are of concern to you?
I have some assets and some savings that I would like to use to work harder for me to allow me to be a bit more flexible rather than having to work a 50hr week in a job that I don't enjoy as is currently the case. Just don't know if there is anything better I could be doing to make my assets/money work better. Any advise or suggestions would be greatly appreciated.