912 startup equity, inheriting $1m, debt clean up, taking a pay cut & mortgage vs invest
3/23/20261 hr 5 min
In this Q&A Glen is joined by financial adviser Alex Luck from Everest Wealth to answer your questions:
👉🏼 pros & cons of taking lower paid job at a startup vs staying freelance
👉🏽 how to maximise $1M inheritance in mid 30s
👉🏾 paying down consumer debt & getting mortgage-ready
👉🏿 clear debt or invest instead?
👉🏻 when HELP debt should and shouldn’t be paid off
👉 invest vs pay down the mortgage
Glen's book, Sort Your Money Out & Get Invested: https://www.moneypodcast.com.au/resources
Everest Wealth: https://everestwealthgroup.com.au/
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Clips
Transcript preview
First 90 secondsGlen James· Host0:00
[upbeat music] Today on the show we're talking career choices, but more to that, do we accept some equity in a startup? We're going to be talking about someone who inherited or is about to inherit one million dollars, just wild, or it's around that type of thing, and getting a mortgage with consumer debt, help debt, all the stuff. We're having a great chat today. Uh, I am joined by Alex Luck from Everest Wealth. Welcome back to the show, Alex.
Alex Luck· Guest0:37
Thanks, Glenn. Good to be here.
Glen James· Host0:38
Okay, let's have a look at this first Q. What are the real opportunities and costs of taking a lower paying employed role versus staying freelance, and how do you evaluate whether the trade-off is worth it? And there's a heap of stuff in there that I will read, but the next kind of TLDR is, is the potential skill and career upside worth giving up income and lifestyle, and how should someone think about startup equity as part of their broader financial picture? So that's kind of the, you know, do we stay freelance or take a risk? So let's read a little bit more. I'm twenty-eight, and for the past three years I've freelanced in marketing with one to four clients at a time. It's paid well, given me flexibility, and supported the lifestyle I, I enjoy. I'm also focused on buying a home and continuing to invest in ETFs over the next five years.