932 car upgrade, $950k income, house & land investment panic, paying for a wedding + more

**Glen James** (0:06)
Today in the show, it is a wild one. Someone's got a whopping 950K per year income. They don't know what to do.
Bonds in a portfolio. Should we have bonds in a portfolio? We're talking about buying investment properties that are brand new, off the plan, house and land package, all that stuff.
We're going to talk a bit of car action, investment platforms and also how do we fund a wedding that has popped up out of nowhere? A bit of a wedding out of nowhere, kind of, but there is a story there. I am joined by John Pigeon, host of the This Is Property Show here on YouTube as well. Johnson, hello.

**John Pidgeon** (0:52)
Hello, Glen. Thanks for having me on here again.

**Glen James** (0:55)
Hey, it is your pleasure.
What do you think of the new music? It's a bit of a vibe, isn't it?

**John Pidgeon** (0:59)
I am hearing it loud and clear.

**Glen James** (1:00)
Yeah, which we put it in post. So look, let's get right into it. I'm going to ask, I'll read you this question from Ryan who emailed in a question. My wife and I make 950k a year. I make 750k and she makes 200k. We don't come from much, so this is new to us.
Doing pretty well.

**John Pidgeon** (1:23)
It's a lot of coin.

**Glen James** (1:24)
I would try and be happier for it to be new to me. We save around 60 to 70% of our income net. We have about 1.8 million in cash and shares, plus 700k in super between us and maxed out concessional contributions. The cave it is, I work in sales, so while a few good years have been good, my base is 20% of this. So I'm not guaranteed to make this money every year. We want to buy a house slash retire early and have enough to live comfortably, but we need to decide if we buy a house with cash, we'll get a mortgage and invest the money. We currently rent for 900 a week, no kids, no pets, and a 39 years old, Johnson.
So I actually talked at least the other week on Monday Night Money, which is our Monday Night Live YouTube show.
I just sit here for an hour and hang out with people. But I was driving home, you know when you answer a question, you're like, oh, I'm such an idiot, I didn't think of this. So what are you saying to Ryan if they walked into your office? Well, great position.

**John Pidgeon** (2:35)
Obviously, that goes without saying, isn't it? It's unbelievable position to be. You never have to worry about money again, unless you make a horrendous mistake with it going forward. But look, shouldn't have to worry about money again. So they're really first world problems, aren't they, that we've got here.
I think a couple of questions that Ryan will need to answer is, how much are we going to spend on our principal place? Where do we want to live? How much is it going to cost us? Because if it's 1.8, let's call it 1.8 is our purchase price, go and buy it. No mortgage, and then you can continue investing after that, pull some equity out and go and have some fun. You're saving probably, I don't know, 300k a year, on your current income.

**Glen James** (3:19)
Yeah, they're probably saving 400

**John Pidgeon** (3:22)
You reckon with tax?

**Glen James** (3:24)
Well, no, so after tax, so after tax, his income will be about 430, plus her net income being 140, that gives us 570 times, what are they? They could be saving, yeah, 350 to 400

**John Pidgeon** (3:42)
Yeah, if we say 350 is a worst case, like, you can continue just to invest in shares with that sort of money, because you've got no mortgage to worry about. Yeah. And if you want to invest in property, you just recycle some equity back out of that mortgage. But it doesn't make sense to me to have much of a mortgage, if any at all.

**Glen James** (4:07)
No.

**John Pidgeon** (4:08)
Unless you, unless you... Every way I look at this...

**Glen James** (4:13)
It's buy a house and get on with your life. You've got to buy a house, don't you? Yeah. So, one of the things, John, when I was driving home after the Monday Night Money, see how you probably, you can't see it at home, but I've highlighted a bit there, right? One thing I didn't actually pick up on, and there's so much we don't know about this situation, but what's the split between 1.8 million in cash and shares? Now, is it 800 in cash? Is it 300 in cash? So, we don't know that, but we do know if you do want to buy a house, me personally, I'm probably selling shares, paying a bit of tax. Now, I'm also, and this is what we don't know, I had a look on the real estate apps while I was just doing it live.