19yo LONG TERM FINANCIAL PLAN advice!!

[footy75]

You're going to be in a good position.

My advice:
With your $150k

Invest $75k into a 1 property and let the rent cover the interest.
Put $25k into diversified shares. 75% blue chip - 25% you decide

With the remaining $50k take 2 years off travelling and ro0t yourself stupid.
Latin America would be a good place to start. Good waves if you surf and amazing women handing it out like raffle tickets.

Then get yourself a 2year working holiday visa to the UK - spend 2 years there. Save some cash and spend atleast 6 months in SE Asia on your way home

Or head the ski slopes for Canada for a season and then do Camp America in the USA

When you get back to AUstralia you'll be financially secure and also have a lot more life experience.

Most of us who have travelled in our 20's wish we had have set our selves up, you've got both age and cash on your side. Make the most of both.

Good luck mate.

solid advice...

 

[PatrickBateman]

In my experience they're all pushing products. Where can I find a decent one?

The best advice here?? Befriend one. While I'm in the IT industry, I have a best friend who is a financial planner. A very valuable friend $$ wise.