Money magazine Comments - Ask Paul: I read The Barefoot Investor - have I made a big mistake? After reading Scott Pape's book, Carmel feels pressured to sell her investment property. But "an author has no idea who you are ... or anything about you," says Paul Clitheroe. https://www.moneymag.com.au/feed/latest?story=177804512 Mon, 15 Feb 2021 14:54:37 +1100 Mon, 15 Feb 2021 14:54:37 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: I read The Barefoot Investor - have I made a big mistake? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Angela Todorovic ()

Hi Paul

My Husband and I are downsizing to a smaller property hopefully soon, we are looking at purchasing a new build home for $520-540k with a loan amount of $415k at the most.

I will be working till 60 to 62 years of age (I am now 57) upon which we will either sell this property or lease it, whilst we travel. My husband will be retiring this year.

We have no other debts.

My question is, I am thinking of fixing the interest rate of 2.29% for 5 years, is this a good move in our situation?

Many thanks in Advance for your advise

Angela

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]]> Angela Todorovic () Mon, 15 Feb 2021 14:54:37 +1100 Comment by Money magazine ()

Hi Angela,

Thanks for your comment.

Unfortunately, Paul cannot respond to comments, but we will pass your question along to him for his consideration for a future issue of Money magazine.

- Money team

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