On paper it looks like lawyer Ben* has his finances under control. He is in his mid-30s and earns $200,000 a year. But he also owes $100,000 across six credit cards, for which he pays more than $18,000 a year on interest alone.
Ben's situation is a common problem among high earners, says Glen Hare of financial adviser Fox and Hare, whose client base includes professionals in their 30s and 40s.
