I'm currently pondering my next move and thought I would get some advice from the pool of wisdom here on ASF.
Here goes, I'm currently 34 and married with 2 x toddlers. I have a very stable job, company car, earning 80 to 90k with expectations of 6 figures within 2 years. Will be debt free mid next year, but I currently have little assets outside of super which I currently manage. We are currently renting in a great suburb, close to the beach and very affordable. However being on a single income for the next say 3 years I am unable to buy a property that would suit us without over committing.
Here are my options as I see it. Save a small deposit and buy an investment property be it small residential or commercial something that worst case scenario I can bank roll if not tenanted, damaged etc. Or save save save and start trading outside of super with a margin loan. I don't want to buy our own home as I see it as a bad investment at the moment, besides I cannot afford to buy where we want anyway.
Having run my own business before my biggest peeve at the moment is paying almost 20k a year in tax with little or no deductions available since my employer pays for everything(not a bad thing I know), however I would like to put some of those tax dollars to work.
Any feedback would be greatly appreciated.