Money Magazine

Q & A

As she plans how to build her wealth, Joanna should ...

Compare the returns from a side business vs sharemarket

Q I’m 28 and have recently purchased my first investment property interstate with a loan of $246,000. The property is rented out and the costs of this loan are mostly covered by rental income. My living costs, including rent, are low and I earn about $65,000pa plus super as an engineer. I have a small business on the side, which has generated about $20,000pa in profit for the past two years. I do not have any other debt.

I have decided to start contributing 5.5% of my pre-tax salary to super so the total is 15%. My aim now is to start investing further

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