910b wwgd: new house & a cashflow crisis coming + did GJ spot a red flag?

910b wwgd: new house & a cashflow crisis coming + did GJ spot a red flag?

In this "what would Glen do" episode, Julie* and her fiancé recently built a home but now a major career change means their household income is about to drop. With a big mortgage, wedding costs coming up and plans to start a family, Julie wants to know: do they need to sell the home? How can they afford everything? Glen and Julie unpack:


👉🏼 her dilemma

👉🏽 salaries, career change & income drop

👉🏾 emergency fund, savings & debts

👉🏿 spending plan, insurance & financial foundations

👉🏻 super balances and financial position

👉 the mortgage and house value

👉🏼 lifestyle costs and hobbies

👉🏻 career values and long term plans

👉🏽 Glen raises some potential red flags

👉🏾 and shares what he would do in their situation


*Name changed for privacy


📘 Sort Your Career Out & Make More Money by Glen James & Shelley Johnson: https://www.moneypodcast.com.au/resources#books


Want to be a guest on the show? Apply here! https://www.moneypodcast.com.au/apply-to-come-on-the-show


Watch money money money on Youtube: https://www.youtube.com/@m3.podcast


Learn how to be a better investor with 'The Quick-Start Guide to Investing' book: https://www.moneypodcast.com.au/store


money money money is proudly supported by Sphere Home Loans and Skye Wealth.

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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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