CAROLYNN WALSH*, 38

$400,000

ELLE (Australia) - - Money -

WHAT DO YOU DO?

in fi­nance. I work

HOW LONG HAVE YOU BEEN ON $400K?

Five years.

HOW MUCH DO YOU PAY PER WEEK IN RENT?

I pay $2,500 onto my mort­gage; I live in Padding­ton, Syd­ney, with my hus­band and child.

DO YOU MAKE VOLUNTARY SU­PER CONTRIBUTIONS?

No. Given I work in fi­nance, I’m go­ing to self-fund my re­tire­ment.

WHAT ARE YOUR CUR­RENT FI­NAN­CIAL GOALS?

To pay off my house and make investments so I can be­come self-sup­port­ing.

ARE YOU FINANCIALLY IN­DE­PEN­DENT?

Yes. I’m the pri­mary bread­win­ner in my fam­ily.

HOW MUCH DEBT DO YOU HAVE?

$1.5 mil­lion in mort­gages. I don’t be­lieve in credit card debt.

WHAT WAS YOUR LAST SPLURGE?

A two-week US hol­i­day; it cost $30K.

WHAT ARE YOU SAV­ING FOR NOW?

More investments with a fo­cus on cap­i­tal growth.

HOW OF­TEN DO YOU WORRY ABOUT MONEY?

Rarely.

HOW MUCH MONEY DO YOU THINK YOU NEED TO LIVE THE LIFE YOU WANT?

$200K a year, with no mort­gage to pay off.

WHERE DO YOU SEE YOUR FINANCES IN FIVE YEARS?

Own­ing my house out­right.

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