Just a thread to share ideas so we are not caught off-guard.
(These are NOT FINANCIAL ADVICE, just some musings to get us thinking)
We must plan for the future, so when we reach $10 a share we know exactly what to do.
I will start with some ideas.
1) Pay off mortgage
- Huge. The mental satisfaction, financial stability and security this provide is YUGE. Just do it. Nothing better than a paid for home.
2) Invest in some solid ETF/LIC for regular income
- Set aside a percentage to this if you're fully invested in BRN. Not a bad idea to take some profits and re-channel for regular income, on top of the dividends BRN will provide.
3) Boost your super. Tax free $ during retirement years!
4) Buy a reasonable and reliable car
- Doesn't have to be flash. Just a reliable car which can run for the next few years without giving you a headache.
5) Take up a hobby
- Fishing, Kayaking, Surfing, Cricket, and may be more Fishing.
6) Volunteer your time for your favourite charity/organisation
- Nothing beats this. The satisfaction one receives is inexplicable and irreplacable.
Of course these are not financial advice, just some ideas on how to manage money. Please share your thoughts.
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What is your plan when BRN hits $10 a share?
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