I've returned to Oz after 20 years so have no super, am considered (and paid) as a new teacher because of lack of Qld work experience so work doing relief because the hourly rate is higher than I would get as a permanent. Good news is I (we) own my home and I have $35k sitting in a savings account which I'm currently eating through due to 'necessary' home improvements etc. I don't know how to invest / manage to make money for super or whatever and so am totally lost ....
Congratulations! Step 1 to finding your way, was knowing you're lost I think you're on the right track though, if you've found this forum. Where do you want to get to? Can you picture it / articulate it?
If you have a mortgage on your home, get an offset account and use that $35k wisely. If you don't have a mortgage (actually even if you do) then learn to budget and only spend what you have. Don't do the next step in the reno's until you have the cash for it. Once you have your spending under control is the time to start looking for investment opportunities, which includes Super.
Hey welcome back to down under! I'd suggest focus on defining financial goals and then developing a plan of how to get there. For most, having secure employment is the 1st step so you already have a foothold. Owning your home means you can potentially pull out equity for investment - whether that's property, stocks etc.
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