• Should You Pay Off Your Property Debts, When & How?

  • Sep 19 2024
  • Length: 44 mins
  • Podcast

Should You Pay Off Your Property Debts, When & How?

  • Summary

  • In this episode, Sam and Jaryd continue their discussion on property investment strategy. They explore what to do after purchasing a property and discuss different approaches to wealth accumulation and lifestyle choices.

    They emphasize the importance of considering individual circumstances and goals when deciding on a strategy. They also highlight the benefits of leveraging debt, using inflation to your advantage, and creating options for the future.

    The conversation explores the concept of using debt to grow wealth through property investment. It emphasizes the importance of leveraging time and the power of compounding growth. The speakers discuss the benefits of acquiring as much property as possible during the accumulation phase and using debt to do so.

    They highlight the value of having optionality and flexibility by keeping money in offset accounts rather than paying down loans. They also touch on the idea of enjoying the passive income from a property portfolio and the importance of balancing present enjoyment with future financial security.

    EPISODE HIGHLIGHTS

      • Consider your individual circumstances and goals when deciding on a property investment strategy.

      • Leverage debt and use inflation to your advantage for wealth accumulation.

      • Create options for the future by building a property portfolio and having multiple income streams.

      • Balance financial growth with personal enjoyment and experiences.

      • Regularly reassess your strategy and adjust as needed to align with changing circumstances. Using debt strategically can help grow wealth through property investment.

      • Acquiring as much property as possible during the accumulation phase can lead to significant growth in wealth.

      • Keeping money in offset accounts provides optionality and flexibility.

      • Enjoying the passive income from a property portfolio can be balanced with future financial security.

      • Balancing present enjoyment with future financial goals is important.

      CHAPTERS

      00:00 Introduction and Setting the Theme

      03:32 What's Next After Buying a Property?

      08:09 Balancing Financial Growth and Personal Enjoyment

      12:53 Different Approaches to Wealth Accumulation

      18:13 Investing for Options and Freedom

      20:05 Using Debt to Grow Wealth

      23:20 Optionality and Flexibility with Offset Accounts

      ABOUT THE HOSTS

      Sam Powell is a certified property investment advisor and registered property valuer with an illustrious career helping people save and make millions of dollars through property investing.

      Jaryd Krause considers himself a student of property, owning his own portfolio of property and online businesses he shares his failures and successes through his property journey.

      The Property Pals is strictly just a podcast on how to help you earn passive income through property investing to live a better lifestyle. We have no products or services to sell you, if you ever want help we can refer you to the different people we use for our own personal property portfolios.


      RESOURCE LINKS:
      ➥ Property Pals Website - https://www.propertypals.au/
      ➥ Property Pals Website - https://www.propertypals.au/coaching
      ➥ How To Maximise Your Borrowing Capacity Mini Course - https://www.propertypals.au/resources


      Disclaimer:
      Any information shared by Sam, Jaryd & The Property Pals team is strictly general and should not be taken as constituting professional advice. You should consider seeking independent legal, financial and taxation advice from a qualified professional.

      See omnystudio.com/listener for privacy information.

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