Sorry about another "what would you do if you were me" type thread, but I really would love the opinion of the forum. I have been a long time lurker (occasional poster) on the SS forum since 2007 and have recently come across to this site. I paid a lot of money to see a Financial Advisor from a large investment bank and I have been left feeling somewhat disillusioned with their advice, or lack thereof. Firstly, our current situation: I'm 34 and my wife is 30. We currently don't have children but will be (hopefully) in the next 12-18 months. Savings: 750k Mortgage on PPOR: 520k PPOR value: 680-720k Other assets: Shares: 650k (escrowed so can't sell these for a long time, but received about 30k/yr in dividends currently, with franking credits) Debts: car lease: 35k Current household income: 320k/yr Household income in 2017: 600k-700k/yr (depending on how much time wife takes off after having baby Household income in about 5-7yrs: approx 1.0-1.5 million/yr (once wife also completes specialist training) Goals: -live a happy, healthy life -enjoy life. our goal is not necessarily to grow our wealth to the maximum level it could possibly be, whilst we aim to do well financially, we would like to go on 1-2 family holidays a year and occasionally splurge on what most would consider a financially irresponsible purchase (car etc) -build a well diversified portfolio. residential property, commercial property, equities, bonds. -for now we are happy to accumulate assets with the goal of capital growth, but ultimately in 10-15yrs would like to be able to have the option of working less and have a good income stream which we can rely on. to be honest though, its unlikely that we would reduce our workload by that time, in reality its prob about 20yrs before we would consider going part time etc. -in terms of a goal of what we would like our income stream from our investments to be by the time we are ready to wind back, I'm not entirely sure, i would think something in the 250-350k/yr mark would be nice, in reality it prob won't require anywhere near that, but id rather aim for more than we might need -whilst i wouldnt consider myself overly risk averse, i would like to invest in what one might consider "blue chip" properties. i am after strong capital growth but ideally we would want the properties to be cost neutral or very close to it. perhaps we put a certain amount of our own money into each IP and then allowing the rental income to cover the rest of the mortgage. Having these properties "take care of themselves" appeals to me. Whilst i understand the tax benefits from negative gearing etc, for me, not running a loss each year on the portfolio will help us maintain cash flow to purchase other properties and also do other lifestyle related things with our income. For example, buying an inner city Melb property for 800k, putting 200k of our own money in and letting the mortgage take care of the rest (i made those numbers up so forgive me if they're wildly unrealistic) That is what we are keen on, but I'm obviously open to all suggestions/advice. We are currently living in a 2 bedroom house which is currently unsuitable for our needs. Our original plan was to sell it, but I'm now thinking perhaps we should keep it and rent it out. Perhaps then just rent another property that does suit our needs/wants rather than sinking all of our savings and taking a large mortgage to buy our family home before we even have a family (currently its just me and my wife). We were close to buying an expensive (approx 2mill) PPOR but didn't win the auction. I'm now considering changing course and instead of sinking our money into a nice PPOR, using that money to help build for a nice future. I mentioned previously that I had seen a financial planner last yr. we coughed up a sizeable sum of money to have their advice for a year, it would also include all asset allocation fees. The problem I have is that i don't think their advice was necessarily in our best interest. At the time we were looking for a PPOR to live, they advised that i should put my savings into "safe blue chips stocks that pay a dividend", i asked an example of such a thing and he said BHP. this was about 6 months ago, thankfully i ignored his advice. i told him my view was that putting money into the stock market for potentially such a short period of time was dangerous and that i didn't think any stock was "safe". I never once got any recommendation to consider an IP and i never got advised that it might be better to put my money into a high interest savings account rather than our current standard offset account (currently there is 200k sitting in the offset account which exceeds the mortgage). i understand this doesn't necessarily suit their interests. so i won't be proceeding with their services moving forward. Thanks in advance for your help/advice/opinions etc.